FOREX.com vs RoboMarkets - CFD Broker Comparison

FOREX.com vs RoboMarkets Comparison

FOREX.com vs RoboMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$50MT4, Advanced Platform, Web Trader300+FCA, ASIC, CFTC, IIROC, SFC, CIMA, FSA
$100MT4, MT5, R Trader11,000+CySEC, IFSC

FOREX.com and RoboMarkets Comparison

Both of these brokers offer a range of trading platform. They both provide MT4 (and support trading automation). FOREX.com also has two discretionary trading platforms. RoboMarkets has MT5 and R Trader. R Trader is a platform which offers many more markets than either its other platforms, or FOREX.com. However on MT4, they have a similar number of markets. Each broker provides support for automated and discretionary trading.

Both brokers offer Cryptocurrency CFDs trading, providing a range of these to trade. A Cryptocurrency CFD is based on the price of the underlying cryptocurrency, thus the trader dow not own a cryptocurrency when trading it. This means that they do not need to store it and do not need a wallet.

FOREX.com is regulated by the FCA in the United Kingdom, the ASIC in Australia, the CFTC in the United States, the IIROC in Canada, the SFC in Hong Kong, the CIMA in the Cayman Islands and the FSA in Japan. RoboMarkets is regulated by the CySEC in Cyprus and the IFSC in Belize.

Quick comparison

Both provide MT4, RoboMarkets also offers MT5 - both have web traders. RoboMarkets can offer more markets, though FOREX.com has a wider range.

Minimum deposit and account types

The minimum deposit for FOREX.com is $/€/£50. The minimum deposit for RoboMarkets is $100.

  • FOREX.com offers CFD trading. The minimum trade size is 0.01 lots. It has an Economic Calendar, Market Research and a news feed on its platforms and a Trader Education course on its website.
  • RoboMarkets offers CFD trading accounts based around its three platforms, MT4, MT5 and R Trader. MT4 and MT5 each offer a Pro-Standard, Pro-Cent and Pro-ECN account. MT4 additionally offers a Fix-Cent, a Fix-Standard, and ECN-Pro NDD and an ECN-Fixed Spread NDD and an MT4 Prime account. RoboMarkets's R Trader 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).
  • RoboMarkets's minimum deposit for all accounts except MT4 prime is $100. The minimum deposit for MT4 Prime is $5,000. The Prime account is an ECN account with lower commission charges. RoboMarkets offers an Islamic (Swap Free) version for some of these accounts. Micro lot trading is available.
  • RoboMarkets 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

  • On The Advanced Platform, FOREX.com offers Forex, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities and Stocks, with 300+ available.
  • On MT4, FOREX.com offers Forex, Indices, Energy, Metals and Soft Commodities, with 110+ available.
  • RoboMarkets's Cent account offers Forex and Precious Metals, for a total of 35+.
  • RoboMarkets's Standard and ECN accounts offer Forex, Indices, Energy, Precious Metals and Cryptocurrencies, for a total of 45+.
  • On its R Trader account, RoboMarkets offers Forex, Indices, Cryptocurrencies, Stocks and ETFs, for a total of 11,000+.

Cryptocurrency CFDs

  • FOREX.com offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.
  • RoboMarkets offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dash, EOS, Bitcoin Gold, Golem, IOTA, NEO, OmiseGO, Qtum and Monero.

Spreads and leverage

  • Spreads at FOREX.com are variable or fixed depending on the market, with variable spreads from 1.4 for EUR/USD, a fixed spread of 1 for UK100, a typical variable spread of 0.61 for Gold and 0.04 for US Crude Oil.
  • On RoboMarkets's Pro-Cent and Pro-Standard accounts, the average spread for EUR/USD is 1.6 and Gold 2.23. On the ECN accounts the minimum spread for EUR/USD is 0.1, Gold 0.8 and US Crude Oil 0.01. On the Prime account, the minimum spread for EUR/USD is 0.0, Gold 0.4 and US Crude Oil 0.01.

The maximum leverage for FOREX.com (FCA regulated) is . The maximum leverage for RoboMarkets (CySEC regulated) is .

Commissions

  • FOREX.com does not charge commissions, except for Shares CFDs.
  • RoboMarkets commission 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

FOREX.com offers the Advanced Platform, a web trader, MT4, an MT4 web trader and apps. RoboMarkets offers MT4 and MT5 desktop, MT5 apps and R Trader.

Comparison summary

  • These brokers each offer MT4
  • RoboMarkets additionally provides MT5 and R Trader
  • FOREX.com additionally provides a web trader and its Advanced Platform
  • On R Trader RoboMarkets can offer many more markets than FOREX.com
  • RoboMarkets offers STP/ECN trading
  • FOREX.com has a lower minimum deposit
  • Both are regulated

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