RoboForex vs USGFX - Online Brokerage Comparison

RoboForex vs USGFX | Broker Comparison

RoboForex vs USGFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$10MT4, MT5, cTrader, R Trader9,000+IFSC
$100MT4, MT560+ASIC

RoboForex vs USGFX Comparison

RoboForex has a range of accounts types including ECN accounts and a cent account, which supports the use of very low trade sizes, and a low minimum deposit of $10. USGFX also has a range of account types, starting from a minimum deposit of $100. RoboForex's ECN accounts can offer very low Forex spreads, for the most liquid pairs, plus a commission charge (i.e. the raw spread prices reflect prices in the Interbank market). USGFX does not separate out the cost of a Forex spread and thus the spread can be higher, as there is no commission charge added (it does offer other markets with a commission charge added to the spread). For higher minimum deposits, USGFX can offer lower minimum Forex spreads.

Both have a similar number of markets on MT4 and MT5. However with the R Trader platform, RoboForex can provide a large number of markets (9000+) - this has a higher minimum deposit, the same as USGFX's (i.e. $100). RoboForex additionally offers cTrader, a specialised ECN trading platform. Both brokers allow automated trading including running Expert Advisors at both brokers and cBots at RoboForex (on cTrader), which are automated trading strategies which trade on behalf of the trader. Thus RoboForex also has a feature offering of interest to discretionary traders, who execute trades at their own discretion, with R Trader and its large number of markets and by offering a cent account. However discretionary traders can also use all of these platforms. RoboForex is regulated by the IFSC in Belize. USGFX is regulated by the ASIC in Australia.

ECN trading conditions

Both offer access to liquidity outside of the broker and ECN friendly trading platforms.

Quick comparison

These are brokers offering MT4 and MT5 and supporting a range of trading styles. RoboForex has a lower minimum deposit and can offer more markets overall and also provides cTrader and R Trader.

Minimum deposit and account types

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

  • 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.
  • USGFX offers four account types. These are Mini, Standard, VIP and Pro-ECN. The minimum deposit for the Mini account is $100, the minimum deposit for the Standard account is $10,000, and the minimum deposit for both the VIP and Pro-ECN accounts are $50,000. The different account types can offer lower spreads, with the lowest being available on the VIP account. All account types have a minimum trade size of 0.01 lots.
  • USGFX provides Trading Central, the Recognia Trading System (which provides trading ideas), analysis, one on one coaching and an Education Center on its website with webinars, seminars, a trading guide and Blog, along with contests.

Markets

  • RoboForex's Cent account offers Forex and Precious Metals, for a total of 35+.
  • RoboForex's Standard and ECN accounts offer Forex, Indices, Cryptocurrencies, Energy and Precious Metals, for a total of 45+.
  • On its R Trader account, RoboForex offers Forex, Indices, Cryptocurrencies, Stocks and ETFs, for a total of 9,000+.
  • USGFX offers Forex, Indices, Crypotocurrencies, Energy and Precious Metals, with 60+ available.

RoboForex provides 45+ Forex pairs. USGFX provides 20+ Forex pairs.

Cryptocurrency CFDs

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

Spreads and leverage

  • USGFX offers Forex spreads from 2.8-1.3 depending on the account type, without a commission charge. RoboForex has Forex spreads from 0 plus a commission charge and can also offer Forex spreads from 1.3, without a commission charge.

Maximum leverage for RoboForex (IFSC regulated) is 2000:1 but maximum leverage for ECN trading is 300:1. Maximum leverage for USGFX (ASIC regulated) is 500:1.

Commissions

  • 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.
  • USGFX does not charge commissions for Forex or Precious Metals. It does charge commissions of $5 per lot per side for CFDs.

Trading Platforms

Both brokers offer MT4 and MT5. RoboForex also provides cTrader and R Trader.

Why RoboForex or USGFX ?

Traders who are interested in trading a core group of markets on MT4 and MT5 can use either broker. RoboForex provides more trading platforms, offering additionally cTrader and R Trader. To get USGFX's lowest Forex spreads requires a higher minimum deposit. RoboForex has the lowest minimum deposit, but to access its full compliment of markets, requires the same minimum deposit as USGFX (i.e. to use R Trader). RoboForex can offer very high leverage, but for ECN trading, it has lower leverage than USGFX (300:1 vs 500:1) - increasing leverage increases risk.

Comparison summary

  • Both brokers offer MT4 and MT5
  • RoboForex also provides cTrader and R Trader
  • RoboForex has a lower minimum deposit
  • Both have a similar number of markets, except on R Trader, RoboForex can offer many more
  • RoboForex is regulated by the IFSC in Belize, while USGFX is regulated by the ASIC in Australia

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