FOREX.com vs RoboMarkets - CFD Broker Comparison

FOREX.com vs RoboMarkets Comparison

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

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 trading platforms for the trader who executes their own trades.

RoboMarkets offers MT5 (the successor to MT4) and R Trader. RoboMarkets's R Trader is a platform which offers many more markets than either its other platforms, or FOREX.com. Each broker provides support for automated and non-automated 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 does 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.

Quick comparison

Both provide MT4, RoboMarkets also offers MT5. Both have web traders. FOREX.com additionally provides its Advanced Trading Platform. RoboMarkets can offer more markets overall.

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, offers Autochartist and Trading Central and has a Trader Education course on its website.
  • RoboMarkets offers 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 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. The minimum trade size is 0.0001 lots. RoboMarkets provides a range of tools including Analysis, an Economic Calendar, Webinars and Education. It offers the R Trader Strategy Builder for building robots. EAs and scalping are allowed at RoboMarkets.

Markets

  • FOREX.com offers Forex, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities and Stocks, with 300+ available.
  • RoboMarkets offers Forex, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities, 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

FOREX.com offers Forex spreads from 1.1 without a commission charge. RoboMarkets provides Forex spreads from 1.3 without a commission charge and Forex spreads from 0 with a commission charge.

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.

Online trading platforms

FOREX.com offers MT4, the Advanced Trading Platform, Web Trader and apps. RoboMarkets offers MT4, MT5, R Trader and apps.

Why FOREX.com or RoboMarkets ?

Traders who want to trade on MetaTrader 4 (MT4) can find this online trading platform at either broker. Those who want to trade on MetaTrader 5 (MT5), the successor to MT4, can find this platform at RoboMarkets. Both brokers offer web traders. RoboMarkets's R Trader web trader has a relatively large number of markets to trade, and supports the use of robots run on the cloud (versus using a VPS). Both brokers let the trader use online trading robots (EAs) on MT4 (and MT5 at RoboMarkets). On its Cent account, RoboMarkets lets the trader trade with very small trade sizes.

Comparison summary

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

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