RoboForex vs AAAFx - Online Brokerage Comparison

AAAFx vs RoboForex | Trading Brokers Comparison

AAAFx vs RoboForex Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
$300MT4, ZTP Web Trader55+HCMC
$10MT4, R Trader Web Trader, MT5, cTrader9000+IFSC

AAAFx vs RoboForex Comparison

AAAFx is an ECN broker, which offers support for social and copy trading via Zulutrade. This means in ieffect that it allows automated trading with robots and automated trading by copying the trades of other traders because it has two platforms, namely MT4 and ZTP. ZTP is a web trader which is focused on providing a platform for traders who make their own trading decisions but can also support automated trading via ZuluScripts. MT4 has Expert Advisors, which are automated trading strategies (robots).

RoboForex has ECN accounts and other account types, including a cent account, which allows for very small trade sizes (and offers a very low minimum deposit). With small trade sizes, the trader can potentially trade with a lower account size. AAAFx has a higher minimum deposit, and has a minimum trade size of 0.01 lots (micro lots), typical for ECN brokers. RoboForex also offers a range of trading platforms, namely MT4 (like AAAFx), MT5 (the successor to MT4), cTrader (which supports robots called cBots) and R Trader. R Trader is RoboForex's web trading platform, which has a large number of markets, mostly Stocks CFDs.

AAAFx and RoboForex have a similar number of markets on all platforms, except, that on R Trader (which only RoboForex offers), there are 9,000+ markets. Thus overall, RoboForex has more markets. RoboForex also support social and copy trading, via CopyFX and a RAMM account. RoboForex is regulated by the IFSC in Belize. AAAFx is regulated by the HCMC in Greece.

Quick comparison

These are both ECN brokers with a spectrum of support for trading automation, from copy trading to trading with robots. RoboForex has more platforms, a lower minimum deposit and more account types. Both brokers offer web traders, in particular for traders who make their own trading decisions, though both of these platforms also support automated trading.

Minimum deposit and key account features

The minimum deposit for AAAFx is $300. The minimum deposit for RoboForex is $10.

  • AAAFx offers CFD trading. AAAFx provides an Islamic account. For deposits higher than $100,000, AAAFx offers Institutional accounts, which have lower commission charges. AAAFx offers support for social and copy trading via ZuluTrade.
  • RoboForex offers accounts based around its four platforms, MT4, MT5, cTrader and R Trader. cTrader has an ECN-Pro and Pro-Standard account. MT4 and MT5 each offer a Pro-Standard, Pro-Cent and ECN-Pro account. MT4 additionally offers an MT4 Prime account. RoboForex's R Trader is a web trading platform, which has many more markets available than the other accounts. RoboForex also offers a CopyFx account (which supports transaction copying) and a RAMM account (which supports strategy copying).
  • RoboForex's minimum deposit for all accounts except R Trader and MT4 Prime is $10. The minimum deposit for R Trader is $100 and MT4 Prime is $5,000. The Prime account is an ECN account with lower commission charges. RoboForex offers an Islamic (Swap Free) version for some of these accounts. Micro lot trading is available.
  • RoboForex 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

  • AAAFx offers Forex, Indices, Metals, Cryptocurrencies, Energy and Bonds, with 55+ available.
  • RoboForex's Cent account offers Forex and Precious Metals, for a total of 35+.
  • RoboForex's Standard and ECN accounts offer Forex, Indices, Energy, Precious Metals and Cryptocurrencies, for a total of 45+.
  • On its R Trader account, RoboForex offers Forex, Indices, Cryptocurrencies, Stocks and ETFs, for a total of 9,000+.

AAAFx offers 35+ Forex pairs, RoboForex offers 45+ Forex pairs.

Cryptocurrency CFDs

  • AAAFx offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.
  • RoboForex offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, EOS, Dash, Bitcoin Gold, Golem, IOTA, NEO, OmiseGO, Qtum and Monero CFDs.

Commission charges

  • AAAFx charges a commission of $10 per lot per side for Forex and $8 for CFDs. It is possible to request no commissions trading, with a resulting increase in spreads. The Institutional account charges commissions of $3 per lot per side for transaction where USD is the currency base.
  • RoboForex's commissions are $2 per lot per side for its ECN accounts except for its Prime account where they are $1.5 per lot per side.

Leverage

Maximum leverage for AAAFx is . Maximum leverage for RoboForex is 2000:1 but maximum leverage for ECN trading is 300:1.

Platforms

Both offer MT4. Each has a dedicated web trading platform: AAAFx provides ZTP, while RoboForex offers R Trader. RoboForex additionally provides MT5 and cTrader.

Why AAAFx or RoboForex ?

Both brokers offer ECN accounts and platform which can be used by traders who use robots. Each also supports social and copy trading. RoboForex has other account types, including a cent account which allows very small trade sizes. In tandem with its low minimum deposit, this potentially enables trading with a smaller account size. In common with other ECN brokers, AAAFx has a minimum trade size of 0.01 lots (which is larger than RoboForex's minimum trade size of 0.0001 lots on its MT5 cent account or 0.001 lots on its MT4 cent account). Both have accounts for larger volume traders, RoboForex has an MT4 Prime account, with a minimum deposit of $5000, while AAAFx has an Institutional account, with a minimum deposit of $100,000+. In terms of platforms, RoboForex has more, though they each have a ECN friendly platform + discretionary web trading friendly platform offering. In addition to MT4, RoboForex's ECN friendly platforms (which all have support for automated trading) are MT5 and cTrader. The web traders are ZTP at AAAFx and R Trader at RoboForex. A difference includes that R Trader has many more markets on its dedicated R Trader account, which has a higher minimum deposit. Both web traders also support automated trading. So these brokers make provision for discretionary traders who make their own trading decisions, traders who trade with robots and traders who copy trade. Both brokers are regulated. RoboForex is regulated by the IFSC in Belize, while AAAFx is regulated by the HCMC in Greece.

Comparison summary

  • These are both CFD brokers
  • Each offers ECN trading
  • RoboForex also provides other account types including Standard and Cent accounts
  • RoboForex has a lower minimum deposit ($10 vs $300)
  • Overall RoboForex can offer more markets on R Trader
  • On their other account types, they have a more similar number
  • AAAFx has a competitive number of markets for an ECN broker
  • Both offer MT4
  • Each support trading with robots
  • RoboForex also offers MT5 and cTrader (which has cBots)
  • Both have web dedicated web traders: RoboForex offers R Trader, AAAFx provides ZTP
  • Both brokers have platform support for social and copy trading
  • RoboForex is regulated by the IFSC in Belize, AAAFx is regulated by the HCMC in Greece

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