RoboMarkets versus RoboForex
RoboMarkets is the EU subsidiary of leading international multi-asset broker RoboForex. Therefore, both maintain an identical core trading environment. It includes two cutting-edge proprietary trading platforms, where its R StocksTrader fully supports algorithmic trading in a code-free environment. Traders may also rely on MT4/MT5, but RoboForex also offers the cTrader platform.
The similarities between the two brokers extend to low costs and excellent order execution, but traders at RoboForex also benefit from higher leverage and a generous bonus and rewards system. This can result in a significant reduction in trading costs for high-frequency traders.
VPS hosting, available free of charge at RoboForex, is available at both brokers, but RoboForex also presents its proprietary copy trading service.
I have conducted an in-depth review of RoboMarkets and RoboForex to determine which one presents the better overall choice and which traders will benefit the most at either broker.
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Headquarters | Cyprus | Belize |
Regulators | BaFin, CySEC | FSC Belize |
Tier 1 Regulator(s)? | ||
Owned by Public Company? | ||
Year Established | 2012 | 2009 |
Execution Type(s) | ECN/STP, Market Maker | N/A |
Minimum Deposit | $100 | $10 |
Trading Platform(s) | MetaTrader 4, MetaTrader 5, Proprietary platform | Other, MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-based+ |
Average Trading Cost EUR/USD | 0.2 pips | 0.1 pips ($1.00) |
Average Trading Cost GBP/USD | 0.3 pips | 0.1 pips ($1.00) |
Average Trading Cost WTI Crude Oil | $0.06 | $0.02 |
Average Trading Cost Gold | $0.19 | $0.08 |
Islamic Account | ||
Signals | ||
US Persons Accepted? | N/A | |
Managed Accounts | ||
| Get Started | Get Started |
Features and Platforms
| | |
MT4 | ||
MT5 | ||
cTrader | ||
Proprietary Platform | ||
Automated Trading | ||
DOM? | ||
Guaranteed Stop Loss | ||
Scalping | ||
Hedging | ||
One-Click Trading | ||
OCO Orders | ||
Interest on Margin | ||
| Get Started | Get Started |
RoboForex trumps RoboMarkets with its industry-leading protection and its unique offer of gold as an account base currency, but RoboMarkets lists 1,000 equity CFDs commission-free.
Available Markets
| | |
Commodities | ||
Crude Oil | ||
Gold | ||
Metals | ||
Equity Indices | ||
Stocks (non-CFDs) | ||
ETFs | ||
Futures | ||
Synthetics | ||
| Get Started | Get Started |
Both brokers feature an identical asset selection, where equity traders get an outstanding choice of trading instruments above 12,000+, including hundreds of US-listed ETFs. Forex and cryptocurrency traders may be disappointed with the limited asset selection, but the brokers continue to expand in the latter. Overall, the asset selection is excellent and broad-based.
Typical Spreads and Fees
| | |
Average Trading Cost EUR/USD | 0.2 pips | 0.1 pips ($1.00) |
Average Trading Cost GBP/USD | 0.3 pips | 0.1 pips ($1.00) |
Average Trading Cost WTI Crude Oil | $0.06 | $0.02 |
Average Trading Cost Gold | $0.19 | $0.08 |
Average Trading Cost Bitcoin | $158 | $2.19 |
| Get Started | Get Started |
The competitive core trading costs at RoboMarkets and RoboForex, spreads and commissions, are identical, but active, high-volume traders will achieve significant cost advantages at RoboForex due to its generous rebate programs. RoboMarkets, due to regulatory restrictions, can offer these to professional traders only.
Security and Trust
| | |
Country of the Regulator | Cyprus | Belize |
Name of the Regulator | BaFin, CySEC | FSC Belize |
Regulatory License Number | 191/13 | 000138/437 |
Regulatory Tier | 1 | 4 |
| Get Started | Get Started |
The core trading environments at both brokers consist of excellent trading costs, cutting-edge trading platforms, and exceptional asset selection with fast order execution. RoboForex maintains an edge due to higher maximum leverage, an additional trading platform, its proprietary copy trading service, and generous bonuses and rewards for all traders, which can lower trading costs significantly for active high-volume traders. RoboMarkets ranks as the leading EEA broker, while RoboForex remains a top-three global broker.
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