Compare IronFX vs RoboMarkets - CFD Broker Comparison

Compare IronFX vs RoboMarkets

IronFX versus RoboMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4200+FCA, CySEC, ASIC, FSCA
$100MT4, MT5, R Trader11,000+CySEC, IFSC

IronFX and RoboMarkets Comparison

RoboMarkets offers accounts based around its offering of platforms. However its core offering of MT4 and MT5 have a range of account types based around them. IronFX divides its accounts into STP/ECN and a variety of account types with different services/minimum deposits, on MT4.

On one of its platform, RoboMarkets can offer considerably more than either its other platforms or IronFX, though IronFX has a competitive number for an STP/ECN broker. Both brokers support trading automation, with ECN accounts, and discretionary trading, with a range of account types. Both brokers are regulated by the CySEC in Cyprus. IronFX is additionally regulated by the FCA in the United Kingdom, the ASIC in Australia and the FSCA in South Africa. RoboMarkets is additionally regulated by the IFSC in Belize.

Quick comparison

Both brokers offer MT4. IronFX has a range of account types, including STP/ECN. RoboMarkets provides ECN trading on MT4 and MT5 and on R Trader can offer many more markets to trade.

Minimum deposit and account types

The minimum deposit for IronFX is $100, but for STP/ECN trading it is $500. The minimum deposit for RoboMarkets is $100.

  • IronFX offers a range of account types and services. These include a Micro account which has a minimum deposit of $100, a Premium account with a minimum deposit of $2,500 and a VIP account with a minimum deposit of $20,000. These three account types are available with fixed or variable spreads and the spreads can be tighter on higher account types. The minimum trade size is 0.01 lots except for the Premium and VIP accounts where it is 0.1 lots.
  • IronFX also offers a Zero Fixed Spread account. This provides zero spreads for some markets, with commissions charged. As well, IronFX offers STP/ECN accounts with or without commissions. It also has an STP/ECN Absolute Zero account, with spreads from zero, with no commission charge. For the Zero Fixed Spread account and the STP/ECN account, the minimum deposit is $500. The minimum deposit for the Absolute Zero account is upon request to the account manager.
  • All IronFX accounts offer a dedicated account manager, technical analysis reports, investor education tools and private one-on-one trading guidance. The Premium, VIP, STP/ECN No Commission and STP/ECN Zero Spread accounts also offer a dealing department transaction hotline.
  • RoboMarkets offers accounts based around its three platforms, MT4, MT5 and R Trader. MT4 and MT5 each offer a Pro-Standard, Pro-Cent and Pro-ECN account. MT4 additionally offers a Fix-Cent, a Fix-Standard, and ECN-Pro NDD and an ECN-Fixed Spread NDD and an MT4 Prime account. RoboMarkets's R Trader is a web trading platform, which has many more markets available than the other accounts. RoboMarkets also offers a CopyFX account (which supports transaction copying) and a RAMM account (which supports strategy copying).
  • RoboMarkets's minimum deposit for all accounts except MT4 prime is $100. The minimum deposit for MT4 Prime is $5,000. The Prime account is an ECN account with lower commission charges. RoboMarkets offers an Islamic (Swap Free) version for some of these accounts. Micro lot trading is available.
  • RoboMarkets provides RoboForex Analytics on its website. This offers a range of tools including analysis, signals, videos and education. It offers StrategyQuant for building MT4 robots and the R Trader Strategy Builder.

Markets

  • IronFX offers Forex, Indices, Cryptocurrencies, Stocks, Energy, Metals and Soft Commodities, with 200+ available.
  • RoboMarkets's Cent account offers Forex and Precious Metals, for a total of 35+.
  • RoboMarkets's Standard and ECN accounts offer Forex, Indices, Cryptocurrencies, Energy and Precious Metals, for a total of 45+.
  • On its R Trader account, RoboMarkets offers Forex, Indices, Cryptocurrencies, Stocks and ETFs, for a total of 11,000+.

Cryptocurrency CFDs

  • IronFX offers Bitcoin, Ethereum, Litecoin, Ripple and ADA.
  • RoboMarkets offers Bitcoin, Ethereum, Litecoin, Ripple, Dash, Bitcoin Cash, EOS, Bitcoin Gold, Golem, IOTA, NEO, OmiseGO, Qtum and Monero.

Spreads and leverage

  • IronFX's Micro account has a EUR/USD variable spread from 1.1 and a fixed spread from 2.2. The Premium account has a EUR/USD variable spread from 0.7 and a fixed spread from 1.8. The VIP account has a variable EUR/USD spread from 0.5 and a fixed spread from 1.6.
  • IronFX's Live Zero Fixed spread account has an EUR/USD spread of 0 (plus a commission charge). The ECN No Commission account has a variable EUR/USD spread from 1.7 and the ECN account with a commission charge has an EUR/USD spread from 0. The ECN Absolute Zero account has EUR/USD spreads from 0, without a commission charge. Gold spreads are from 0.5, UK100 spreads are from 0.8 and US Crude Oil spreads are from 0.04.
  • On RoboMarkets's Pro-Cent and Pro-Standard accounts, the average spread for EUR/USD is 1.6 and Gold 2.23. On the ECN accounts the minimum spread for EUR/USD is 0.1, Gold 0.8 and US Crude Oil 0.01. On the Prime account, the minimum spread for EUR/USD is 0.0, Gold 0.4 and US Crude Oil 0.01.

Maximum leverage for IronFX (FCA or CySEC regulated) is . Maximum leverage for RoboMarkets (CySEC regulated) is .

Commissions

  • IronFX's commission charges are from $6.75 per lot per side.
  • RoboMarkets commission are $2 per lot per side for its ECN accounts except for its Prime account where they are $1.5 per lot per side.

Platforms

Both brokers offer MT4 on desktop and apps. IronFX also offers a web trader based on MT4. RoboMarkets additionally offers MT5 desktop, MT5 apps, an MT4 web trader and R Trader.

Why IronFX or RoboMarkets ?

IronFX is an MT4 broker offering STP/ECN trading. RoboMarkets also offers STP/ECN trading on MT4 and on MT5. Additionally it provides the R Trader platform which has a relatively large number of markets to trade, primarily Stocks CFDs.

Comparison summary

  • Both brokers offer ECN trading, with support for automated trading with robots
  • Each has support as well for discretionary trading, across all its account types
  • Both offer MT4, but RoboMarkets has a wider range, with MT5 and R Trader additionally
  • On R Trader, RoboMarkets can provide considerably more markets
  • On its other accounts, it offers less markets than IronFX
  • Both provide Cryptocurrency CFDs

Search this site

Translate