FXTM vs RoboForex - Online Brokerage Comparison

FXTM vs RoboForex | Trading Brokers Comparison

FXTM vs RoboForex Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
$10MT4, MT5250+FCA, CySEC, FSCA, FSC
$10MT4, MT5, cTrader, R Trader Web Trader9000+IFSC

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 Trader, all of which also allow the trader to use and build trading robots.

Each has ECN trading accounts and both offer Cent accounts, which let the trader trade with trade sizes smaller than micro lots and both have a very low minimum deposit (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 C Trader and R Trader. Each has a very low minimum deposit. On R Trader (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. The minimum deposit for RoboForex is $10.

  • FXTM offers three Standard account types: Standard, Cent and Shares and three ECN accounts: ECN, ECN Zero and Pro. The minimum deposit for the Cent account is $/€/£10, for the Standard and Shares accounts $/€/£100, for the ECN Zero account $/€/£200, for the ECN account $/€/£500 and for the Pro account the minimum deposit and minimum account balance is $/€/£25,000. The Pro account offers spreads from 0 without a commission charge. FXTM offers Market Analysis and Education on its website. Copy Trading is available via FXTM Invest. The minimum trade size is 0.0001 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 a range of tools including Analysis, Webinars, Education and an Economic Calendar. It offers the R Trader Strategy Builder for building robots. RoboForex allows EAs and scalping.

Markets

  • FXTM offers Forex, Metals, Energy, Indices and Stocks, with 250+ available.
  • RoboForex offers Forex, Metals, Energy, Indices, Stocks, ETFs and Soft Commodities, for a total of 9,000+.

Cryptocurrency CFDs

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

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 Trader.

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 Trader. On all these platforms, traders can build robots. Each lets the trader trade with a smaller account size as both provide Cent accounts (which allow for trade sizes smaller than micro lots). Both provide Stocks CFDs, though RoboForex has many more on R Trader.

Comparison summary

  • Each offers CFD trading
  • Both provide MT4 and MT5
  • RoboForex also offers cTrader and R Trader
  • Both offer ECN accounts and allow the use of robots
  • Each has a small minimum deposit
  • Both have Cent accounts
  • RoboForex has a higher minimum deposit on R Trader
  • RoboForex can offer considerably more markets on R Trader

Search this site

Translate