| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| FXTM | $10 Minimum Deposit | MT4, MT5 Trading Platforms | 1000+ Markets To Trade | FXTM offers trading (including automated trading) on MT4 and MT5 and provides a Cent account with low minimum trade sizes About |
| RoboForex | $10 Minimum Deposit | MT4, MT5, cTrader, R StocksTrader Trading Platforms | 12,000+ Markets To Trade | RoboForex offers trading, including automated trading, on MT4, MT5, cTrader and R StocksTrader and has a Cent account with a $10 minimum deposit About |
FXTM vs RoboForex Comparison
Both brokers offer both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) and let the trader use Expert Advisors (EAs) which are automated trading strategies executing trades on behalf of the trader (robots). RoboForex also provides MetaTrader 5 (MT5, MT4's successor), cTrader and R StocksTrader, all of which also allow the trader to use and build trading robots.
Both offer Cent accounts, which let the trader trade with trade sizes smaller than micro lots and both have low minimum deposits (Cent accounts mean that the trader can potentially trade with smaller account sizes). Both brokers offer Stocks CFDs (when a trading a CFD the trader does not own any Stocks) but RoboForex can provide many more.
FXTM is regulated by the FCA in the United Kingdom, the CySEC in Cyprus and the FSC in Mauritius and is licensed by the FSCA in South Africa. RoboForex is regulated by the IFSC in Belize.
Quick comparison
Both brokers offer MT4 and MT5. RoboForex additionally provides cTrader and R StocksTrader. Each has a low minimum deposit, though RoboForex's is lower. On R StocksTrader (which has a higher minimum deposit) RoboForex has many more markets to trade.
Minimum deposit and key account features
The minimum deposit for FXTM is $10 ($50 in the EEA). The minimum deposit for RoboForex is $10.
- FXTM offers three account types: Micro, Advantage and Advantage Plus. The minimum deposit for the Micro account is $10 (MT4 only is offered on this account). The minimum deposit for the Advantage and Advantage Plus account is $500. The Micro account is a Cent type account with low minimum trade sizes. The Advantage account offers spreads from 0 plus a commission charge. The Micro and the Advantage Plus accounts offer spreads from 1.5 without a commission charge. FXTM provides Market Analysis Videos and Podcasts, a Forex News Timeline, Education, Market Outlook and an Economic Calendar. Copy trading is provided via FXTM Invest. The minimum trade size is 0.0001 lots.
- RoboForex offers accounts based around its four platforms, MT4, MT5, cTrader and R StocksTrader. cTrader has ECN and Pro-Standard accounts. MT4 and MT5 each offer Pro-Standard, Pro-Cent and ECN accounts. MT4 additionally offers MT4 and MT5 Prime accounts. RoboForex's R StocksTrader 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 StocksTrader is $10. The minimum deposit for R StocksTrader is $100. The Prime account is an ECN account with lower commission charges. RoboForex offers an Islamic (Swap Free) version for some of these accounts. The minimum trade size is 0.0001 lots.
- RoboForex provides a range of tools including Analysis, Webinars, Education and an Economic Calendar. It offers the R StocksTrader Strategy Builder for building robots. RoboForex allows EAs and scalping.
| Broker | Trading Platform | Description |
|---|---|---|
| RoboForex Broker | MT4, MT5, cTrader, R StocksTrader Trading Platforms | RoboForex offers trading, including automated trading on MT4, MT5, cTrader and R StocksTrader (which allows robots to be run on the cloud) and has a Cent account Description |
| FXTM Broker | MT4, MT5 Trading Platforms | FXTM offers a Cent account and trading, including automated trading, on MT4 and MT5 Description |
Markets
- FXTM offers Forex, Metals, Energy, Indices and Stocks, with 1000+ available.
- RoboForex offers Forex, Metals, Energy, Indices, Stocks, Cryptocurrencies, ETFs and Soft Commodities, with 12,000+ available.
Leverage
Maximum leverage for FXTM (FCA or CySEC regulated) is . Maximum leverage for RoboForex (IFSC regulated) is 2000:1.
Online trading platforms
Each offers MT4 and MT5. RoboForex additionally provides cTrader and R StocksTrader.
Why FXTM or RoboForex ?
Traders wishing to use online trading robots can do so at either broker, as both provide MT4 and MT5 and allow the use of EAs. RoboForex also lets the trader use cBots on cTrader and robots on R StocksTrader. Traders who want to run robots on the cloud (without a VPS) can do this at RoboForex on R StocksTrader. Traders who want to trade with a Cent account can do this at either.
Comparison summary
- Each offers CFD trading
- Both provide MT4 and MT5
- RoboForex also offers cTrader and R StocksTrader
- Each allows automated trading
- Both have Cent accounts
- RoboForex has a higher minimum deposit on R StocksTrader
- RoboForex can offer considerably more markets on R StocksTrader (12,000+)
