Compare Forex.com vs RoboMarkets
What is Forex.com? What is RoboMarkets?
Forex.com is a global online broker that offers trading services in forex and various CFDs, such as indices, commodities, metals, and cryptocurrencies.
RoboMarkets is a European online broker that provides access to forex, stocks, ETFs, indices, commodities, metals, and cryptocurrencies via CFDs and real delivery.
Forex.com vs RoboMarkets Regulation Comparison
Forex.com holds 7 global Tier-1 licenses, while RoboMarkets holds 1. Forex.com holds 1 global Tier-2 license, while RoboMarkets holds 0. In our analysis of 23 international regulators across 50 brokers, Forex.com earned a higher Trust Score than RoboMarkets.
Forex.com vs RoboMarkets Trading Assets Comparison
Forex.com provides traders 91 currency pairs (e.g., EUR/USD) compared to RoboMarkets’s 36 available pairs. Forex pairs aside, RoboMarkets offers traders access to 12000 CFDs while Forex.com has 5500 available CFDs, a difference of 6500.
Forex.com vs RoboMarkets Trading Fees Comparison
Forex.com charges a spread plus commission model for its Active Trader account, while RoboMarkets charges a spread plus commission model for its ECN and Prime accounts. Both brokers offer commission-free accounts with higher spreads. The average spreads for the EUR/USD pair are 0.7 pips for Forex.com and 0.8 pips for RoboMarkets.
Forex.com vs RoboMarkets Account Types Comparison
Forex.com offers four account types: Standard, Commission, DMA, and Active Trader. RoboMarkets offers six account types: Pro-Standard, Pro-Cent, ECN-Pro, Prime, R Trader, and Demo. The minimum deposit for Forex.com is $100 for the Standard account and $25,000 for the Active Trader account. The minimum deposit for RoboMarkets is $10 for the Pro-Cent account and $5,000 for the Prime account.
Forex.com vs RoboMarkets Deposit Options Comparison
Forex.com supports various deposit and withdrawal options, such as bank wire transfer, credit/debit cards, PayPal, Skrill, and Neteller.
RoboMarkets also supports multiple payment methods, including bank wire transfer, credit/debit cards, PayPal, Skrill, Neteller, WebMoney, FasaPay, and Bitcoin. Both brokers do not charge any fees for deposits or withdrawals.
Forex.com vs RoboMarkets Trading Platforms Comparison
Forex.com offers its own proprietary platform called Advanced Trading Platform, as well as MetaTrader 4 (MT4) and MetaTrader 5 (MT5). RoboMarkets also offers MT4 and MT5 platforms, along with cTrader and R Trader platforms. Both brokers provide web-based and mobile versions of their platforms.
Forex.com vs RoboMarkets Analytical Tools Comparison
Forex.com provides various analytical tools for traders, such as trading signals from Autochartist and Trading Central, market analysis from TradingView and Recognia, economic calendar, news feed from Reuters and FXStreet, and educational resources from Investopedia Academy.
RoboMarkets also offers trading signals from MQL5 community and Autochartist, market analysis from Claws & Horns and Trading Central, economic calendar, news feed from Dow Jones Newswires and FxWirePro, and educational resources from RoboForex Education Center.
Forex.com vs RoboMarkets. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on your personal preferences and trading goals. There is no definitive answer to which broker is better, as both Forex.com and RoboMarkets have their own strengths and weaknesses. However, you can compare some of the key features and factors that may influence your decision, such as:
- Regulation and Trust: Forex.com has a higher Trust Score than RoboMarkets, as it holds more global Tier-1 licenses from reputable regulators. This means that Forex.com is subject to stricter oversight and compliance standards, which may offer more protection and security for traders.
- Trading Assets and Markets: RoboMarkets offers a wider range of trading assets and markets than Forex.com, as it provides access to more CFDs and real delivery products. This means that RoboMarkets may offer more opportunities and diversification for traders who want to trade different instruments across various asset classes.
- Trading Fees and Costs: Both brokers charge similar fees and costs for trading, as they offer commission-free and commission-based accounts with competitive spreads. However, the exact fees and costs may vary depending on the account type, trading platform, trading volume, and market conditions. Therefore, traders should always check the latest fee schedule and compare the total cost of trading before opening an account or placing a trade .
- Account Types and Features: Both brokers offer multiple account types and features to suit different trading styles and preferences. However, the minimum deposit, leverage, margin requirements, execution speed, order types, and other features may differ depending on the account type and platform. Therefore, traders should carefully review the account specifications and choose the one that best meets their needs .
- Deposit and Withdrawal Options: Both brokers support various deposit and withdrawal options, such as bank wire transfer, credit/debit cards, PayPal, Skrill, Neteller, and others. However, the availability, processing time, and limits of each payment method may vary depending on the country of residence, currency, and account type. Therefore, traders should check the deposit and withdrawal conditions and choose the most convenient and cost-effective option for them .
- Trading Platforms and Tools: Both brokers offer MT4 and MT5 platforms, which are widely used and popular among forex traders. However, Forex.com also offers its own proprietary platform called Advanced Trading Platform, while RoboMarkets also offers cTrader and R Trader platforms. Each platform has its own advantages and disadvantages, such as user interface, functionality, customization, indicators, charts, signals, robots, backtesting, and others. Therefore, traders should test the platforms with a demo account or a small amount of money before deciding which one to use .
- Analytical Tools and Resources: Both brokers provide various analytical tools and resources for traders, such as trading signals from Autochartist and Trading Central, market analysis from TradingView and Recognia (Forex.com) or Claws & Horns (RoboMarkets), economic calendar, news feed from Reuters (Forex.com) or Dow Jones Newswires (RoboMarkets), educational resources from Investopedia Academy (Forex.com) or RoboForex Education Center (RoboMarkets), and others. These tools and resources can help traders improve their trading skills, knowledge, strategies, and performance .
