FXPRIMUS vs RoboForex - Online Brokerage Comparison

FXPRIMUS vs RoboForex | Trading Brokers Comparison

FXPRIMUS vs RoboForex Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4120+CySEC, FSCA, VFSC
$10MT4, R Trader, cTrader, MT59000+IFSC

FXPRIMUS vs RoboForex Comparison

While these brokers each offer MetaTrader 4 (MT4), RoboForex additionally provides the successor to MT4, MetaTrader 5 (MT5) along with cTrader and R Trader.

FXPRIMUS can offer a wider range of markets on MT4, though on R Trader, RoboForex has considerably more markets to trade than FXPRIMUS (or RoboForex's other accounts). On all these platform, traders can execute their own trades or can use online trading robots to execute trades for them and may use, modify and build robots.

RoboForex has a Cent account. This is a type of account which lets the trader trade with trade sizes smaller than micro lots (0.01 standard lots). RoboForex has a low minimum deposit for this account and some of its other accounts, including its ECN accounts.

FXPRIMUS is regulated by the CySEC in Cyprus, the VFSC in Vanuatu and the FSCA in South Africa.

RoboForex is regulated by the IFSC in Belize.

Quick comparison

These are both MT4 brokers and on this platform FXPRIMUS has more markets to trade. RoboForex also offers MT4, cTrader and R Trader and on R Trader has considerably more markets to trade.

Minimum deposit and account types

The minimum deposit for FXPRIMUS is $100 (the minimum deposit for an ECN account is $500). The minimum deposit for RoboForex is $10 (the minimum deposit for an ECN account is also $10).

  • FXPRIMUS offers a Variable account and an ECN Premium Account. The minimum deposit for the Variable account is $100. The minimum deposit for the ECN Premium Account is $500. Additionally FXPRIMUS provides a Standard Account, a Premium Account and a VIP Account. The minimum deposit for the Standard Account is $1000. The minimum deposit for the Premium Account is $2,500. The minimum deposit for the VIP Account is $10,000. FXPRIMUS offers traders education, an economic calendar and trading tools for all its clients. The Standard, Premium and VIP accounts offer extra features. The minimum trade size is 0.01 lots.
  • 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

  • FXPRIMUS offers Forex, Indices, Energy, Precious Metals and Stocks, with 120+ available.
  • RoboForex's Standard and ECN accounts offer Forex, Indices, Energy, Precious Metals and Cryptocurrencies, for a total of 45+.
  • RoboForex's Cent account offers Forex and Precious Metals, for a total of 35+.
  • On its R Trader account, RoboForex offers Forex, Indices, Stocks, Cryptocurrencies and ETFs, for a total of 9,000+.

Cryptocurrency CFDs

  • RoboForex offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, DASH, OmiseGo, NEO, Monero, IOTA, Bitcoin Gold, QTUM, EOS and Golem.

Spreads and leverage

  • Both brokers can offer low Forex spreads plus a commission charge. FXPRIMUS can offer Forex spreads from 1.6 without a commission charge and RoboForex can offer Forex spreads from 1.3 without a commission charge.

Maximum leverage for FXPRIMUS (CySEC regulated) is . Maximum leverage for FXPRIMUS (VFSC regulated) is 500:1. Maximum leverage for RoboForex (IFSC regulated) is 2000:1.

Commissions

  • FXPRIMUS charges a commission of $5 per lot per side on its ECN Premium Account.
  • 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.

Platforms

FXPRIMUS offers MT4. RoboForex provides MT4, MT5, cTrader and R Trader.

Why FXPRIMUS or RoboForex ?

Traders who want to trade on an ECN account with a low minimum deposit can do so at RoboForex. Traders who want to trade EAs on MT4 can do so at either broker. Traders who wish to use the successor to MT4, MT5 can find this platform at RoboForex (and can trade EAs on this platform as well). However RoboForex additionally provides cTrader and R Trader. On both these platform traders can also use robots. On R Trader the trader can run robots in the cloud, without needed a VPS. R Trader also has a relatively large number of markets to trade, though on MT4 FXPRIMUS has more markets. FXPRIMUS also has a range of account types with extra features for higher minimum deposits. RoboForex offers a Cent account for traders who want to trade with trade sizes smaller than standard micro lots.

Comparison summary

  • Both brokers offer CFD trading
  • Each provides MT4
  • Both allow EAs
  • RoboForex additionally provides MT5, cTrader and R Trader
  • R Trader has a relatively large number of markets to trade
  • FXPRIMUS provides more markets on MT4
  • RoboForex has a lower minimum deposit and offers a Cent account

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