RoboForex vs RoboMarkets Broker Comparison

RoboForex vs RoboMarkets | Online Brokerage Comparison
RoboForex vs RoboMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
$10MT4, MT5, R StocksTrader, cTrader12,000+IFSC
$100MT4, MT5, R StocksTrader12,000+CySEC

RoboForex vs RoboMarkets Comparison

These brokers are part of the same group and have significant similarities in the features they offer. Both provide nearly the same range of account types including ECN accounts and a Cent account along with MT4, MT5 and R StocksTrader. However RoboForex also offers cTrader. As these brokers provide accounts based around platforms, this also means that RoboForex offers two extra account types.

RoboForex has a lower minimum deposit than RoboMarkets ($10 vs $100). RoboMarkets is regulated in the EEA, by the CySEC. RoboForex is regulated by the IFSC in Belize. This difference in regulation includes that RoboForex does not provide the percentage of retail clients which lose money, while RoboMarkets does and affects the maximum leverage which both broker offers. Each broker does provide negative balance protection.

Quick comparison

These brokers have similar account and platform features, except RoboForex also offers cTrader accounts and has a lower minimum deposit and each is regulated in different countries.

Minimum deposit and key account features

The minimum deposit for RoboForex is $10. The minimum deposit for RoboMarkets is $100.

  • RoboMarkets offers accounts based around its three platforms, MT4, MT5 and R StocksTrader. MT4 and MT5 each offer a Pro-Standard, Pro-Cent, ECN and Prime account. The Prime account is an ECN account with lower commission charges. R StocksTrader 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). RoboForex offers all these account types and platforms but also provides cTrader along with ECN and Pro-Standard accounts for this platform.
  • RoboForex minimum deposit for all accounts accounts except R StocksTrader is $10. RoboMarkets's minimum deposit for all accounts is $100. Both brokers offers an Islamic (Swap Free) version for some of these accounts. Micro lot trading is available as is much smaller lot sizes via the Cent account.
  • Both brokers provide a range of tools including analysis, an economic calendar, webinars and education. They offer the R StocksTrader Strategy Builder for building robots. EAs and scalping are allowed at RoboMarkets.

Markets

  • RoboForex and RoboMarkets's Cent account offers Forex and Metals, for a total of 35+.
  • RoboForex and RoboMarkets's Standard and ECN accounts offer Forex, Metals, Indices, Stocks and Energy, for a total of 45+.
  • On its R StocksTrader account, RoboForex and RoboMarkets offer Forex, Indices, Stocks, Soft Commodities and ETFs, for a total of 12,000+.

Both have 45+ Forex pairs.

Commission charges

  • RoboForex and RoboMarkets's commissions are $2 per lot per side for their ECN accounts except for their Prime account where they are $1.5 per lot per side.

Leverage

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

Online trading platforms

RoboForex and RoboMarkets provide MT4, MT5 and R StocksTrader. RoboForex additionally provides cTrader.

Why RoboForex or RoboMarkets ?

As each brokers has a Cent account, it is possible to trade with small account sizes at either, though RoboForex has a lower minimum deposit requirement. RoboMarkets's minimum deposit though is not high relative to other CFD brokers. Automated traders can use either broker, though if they want to run cBots, can find cTrader only at RoboForex. RoboForex can offer much higher leverage (2000:1, increasing leverage increases risk), but RoboMarkets offers the protections of CySEC regulation, within the EEA. This said RoboForex is not unregulated, it is in fact regulated by the IFSC in Belize (a country in Central America which has a range of financial service companies).

Comparison summary

  • Both are part of the same group
  • Each offers CFD trading
  • They have similar trading platforms and account features
  • RoboMarkets is CySEC regulated in Cyrpus
  • RoboForex is IFSC regulated in Belize
  • While each has MT4, MT5 and R StocksTrader, RoboForex also offers cTrader
  • RoboForex has a lower minimum deposit ($10) and higher leverage