Compare WorldForex vs RoboMarkets
What is WorldForex? What is RoboMarkets?
WorldForex is a registered trademark of Existrade LTD, a company based in Saint Vincent and the Grenadines, that provides online trading services on Forex, digital contracts, indices, metals, energy commodities, and soft commodities. WorldForex is a member of the Financial Commission, an international organization that resolves disputes in the financial services industry.
RoboMarkets is a European broker regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 191/13 and registered with the Spanish National Securities Market Commission (CNMV) with number 3576. RoboMarkets offers online trading services on Forex, stocks, indices, metals, energy commodities, cryptocurrencies, and ETFs. RoboMarkets is a partner of BMW M Motorsport and Eintracht Frankfurt.
WorldForex vs RoboMarkets Regulation Comparison
WorldForex is regulated by the Financial Commission, which is not an official regulatory authority but a self-regulatory organization that provides dispute resolution and compensation fund services to its members. WorldForex does not disclose any information about its license or registration with any other regulatory body on its website.
RoboMarkets is regulated by CySEC, which is one of the most reputable regulators in Europe and follows the EU legislation and directives for financial services providers. RoboMarkets also complies with the negative balance protection, investor compensation fund, and segregated accounts requirements.
WorldForex vs RoboMarkets Trading Assets Comparison
WorldForex offers over 200 trading instruments, including 40 currency pairs, 8 digital contracts, 11 indices, 4 metals, 4 energy commodities, and 2 soft commodities.
RoboMarkets offers more than 12,000 trading instruments, including 40 currency pairs, over 11,000 stocks, 28 indices, 8 metals, 4 energy commodities, 6 cryptocurrencies, and 940 ETFs.
WorldForex vs RoboMarkets Trading Fees Comparison
WorldForex charges no commission on its Pro accounts and charges a fixed commission of $20 per lot on its ECN accounts. WorldForex also compensates all deposit fees charged by payment systems. WorldForex does not provide any information about its spreads or overnight fees on its website.
RoboMarkets charges no commission on its R StocksTrader platform for certain US stocks and charges a variable commission of up to $0.02 per share for other stocks and ETFs. RoboMarkets also charges no commission on its Pro accounts for Forex trading and charges a fixed commission of $2 per lot on its ECN accounts. RoboMarkets offers spreads from 0 pips on its Prime accounts and from 1.3 pips on its Pro accounts for Forex trading. RoboMarkets also charges overnight fees for holding positions overnight according to the instrument and account type.
WorldForex vs RoboMarkets Account Types Comparison
WorldForex offers two types of accounts: Pro and ECN. The Pro account has a minimum deposit of $1, a leverage of up to 1:1000, and supports MetaTrader 4 platform. The ECN account has a minimum deposit of $5000, a leverage of up to 1:300, and supports MetaTrader 5 platform.
RoboMarkets offers five types of accounts: R StocksTrader, Pro, Prime, ECN, and ISK. The R StocksTrader account is for stock trading only and has a minimum deposit of $100 and supports R StocksTrader web platform. The Pro account is suitable for traders with different levels of experience and has a minimum deposit of $100 (or equivalent in EUR or GBP), a leverage of up to 1:2000 (for Forex), and supports MetaTrader 4, MetaTrader 5, and WebTrader platforms. The Prime account is a premium account with low spreads from 0 pips and has the same features as the Pro account except for the leverage which is up to 1:300 (for Forex). The ECN account is intended for professional investors and has the same features as the Prime account except for the commission which is $2 per lot (for Forex). The ISK account is a special type of account for Swedish clients with improved conditions for trading US stocks and ETFs on R StocksTrader platform.
WorldForex vs RoboMarkets Deposit Options Comparison
WorldForex accepts deposits and withdrawals via bank transfer, credit/debit cards, Skrill, Neteller, WebMoney, Perfect Money, FasaPay, and Bitcoin. WorldForex does not charge any fees for deposits or withdrawals and processes withdrawal requests within 30 minutes.
RoboMarkets accepts deposits and withdrawals via bank transfer, credit/debit cards, Skrill, Neteller, WebMoney, Perfect Money, FasaPay, Bitcoin, Ethereum, and other payment systems. RoboMarkets does not charge any fees for deposits or withdrawals and processes withdrawal requests within 2 business days. RoboMarkets also offers free withdrawal of funds twice a month on the first and third Tuesday of each month.
WorldForex vs RoboMarkets Trading Platforms Comparison
WorldForex supports MetaTrader 4 and MetaTrader 5 platforms for Forex and digital contracts trading. MetaTrader 4 and 5 are popular and user-friendly platforms that offer advanced technical analysis, flexible trading system, algorithmic trading, trading advisors, and mobile applications.
RoboMarkets supports MetaTrader 4, MetaTrader 5, R StocksTrader, and WebTrader platforms for various types of trading. MetaTrader 4 and 5 have the same features as described above. R StocksTrader is a proprietary web platform that offers access to trading over 12,000 instruments, including more than 3,000 stocks listed on NYSE and NASDAQ. WebTrader is a web-based platform that allows trading Forex and CFDs without installing any software.
WorldForex vs RoboMarkets Analytical Tools Comparison
WorldForex provides some basic analytical tools on its website, such as economic calendar, market news, trading signals, and technical analysis. WorldForex does not offer any advanced or proprietary tools for market analysis or trading automation.
RoboMarkets provides a variety of analytical tools on its website and platforms, such as economic calendar, market news, trading signals, technical analysis, R Trader Strategy Builder, R Trader Charts, CopyFX (social trading), RAMM (risk allocation management model), RoboForex Analytics Center, Trading Central (market analysis), Claws & Horns (market analysis), Autochartist (market analysis), and VPS (virtual private server). RoboMarkets also offers access to the built-in MQL4 and MQL5 development environments for creating custom indicators and trading robots.
WorldForex vs RoboMarkets. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is a personal decision that depends on your trading style, goals, preferences, and risk appetite. However, here are some general comparisons between WorldForex and RoboMarkets that may help you make an informed choice.
- Regulation: RoboMarkets has a clear advantage over WorldForex in terms of regulation, as it is licensed by a reputable regulator in Europe (CySEC) and follows the EU legislation and directives for financial services providers. WorldForex is only regulated by the Financial Commission, which is not an official regulatory authority but a self-regulatory organization that provides dispute resolution and compensation fund services to its members. Therefore, RoboMarkets offers more protection and security for your funds and trading activities than WorldForex.
- Trading Assets: RoboMarkets offers a much wider range of trading instruments than WorldForex, as it covers more than 12,000 instruments across various markets and categories, including Forex, stocks, indices, metals, energy commodities, cryptocurrencies, and ETFs. WorldForex offers only over 200 instruments, mainly focused on Forex and digital contracts. Therefore, RoboMarkets gives you more opportunities and diversity for your trading portfolio than WorldForex.
- Trading Fees: Both brokers charge no commission on their Pro accounts for Forex trading and charge a fixed commission of $2 per lot (RoboMarkets) or $20 per lot (WorldForex) on their ECN accounts. However, RoboMarkets offers lower spreads than WorldForex, as it offers spreads from 0 pips on its Prime accounts and from 1.3 pips on its Pro accounts for Forex trading. WorldForex does not provide any information about its spreads on its website. Therefore, RoboMarkets may offer more competitive pricing and lower trading costs than WorldForex.
- Account Types: Both brokers offer two types of accounts for Forex trading: Pro and ECN. The Pro account is suitable for traders with different levels of experience and has a minimum deposit of $100 (RoboMarkets) or $1 (WorldForex), a leverage of up to 1:2000 (RoboMarkets) or 1:1000 (WorldForex), and supports MetaTrader 4 platform. The ECN account is intended for professional investors and has a minimum deposit of $5000 (WorldForex) or $100 (RoboMarkets), a leverage of up to 1:300 (both brokers), and supports MetaTrader 5 platform. Therefore, both brokers offer similar features for their Pro and ECN accounts, except for the minimum deposit requirement which is much higher for WorldForex than RoboMarkets. In addition, RoboMarkets offers three other types of accounts: R StocksTrader (for stock trading only), Prime (a premium account with low spreads from 0 pips), and ISK (a special type of account for Swedish clients with improved conditions for trading US stocks and ETFs). Therefore, RoboMarkets offers more flexibility and variety for your account selection than WorldForex.
- Deposit and Withdrawal Options: Both brokers accept deposits and withdrawals via bank transfer, credit/debit cards, Skrill, Neteller, WebMoney, Perfect Money, FasaPay, and Bitcoin. However, RoboMarkets also accepts deposits and withdrawals via Ethereum and other payment systems. Therefore, RoboMarkets offers more convenience and accessibility for your payment methods than WorldForex.
- Trading Platforms: Both brokers support MetaTrader 4 and MetaTrader 5 platforms for Forex and digital contracts trading. MetaTrader 4 and 5 are popular and user-friendly platforms that offer advanced technical analysis, flexible trading system, algorithmic trading, trading advisors, and mobile applications. However, RoboMarkets also supports R StocksTrader and WebTrader platforms for various types of trading. R StocksTrader is a proprietary web platform that offers access to trading over 12,000 instruments, including more than 3,000 stocks listed on NYSE and NASDAQ. WebTrader is a web-based platform that allows trading Forex and CFDs without installing any software. Therefore, RoboMarkets offers more options and functionality for your trading platforms than WorldForex.
- Analytical Tools: Both brokers provide some basic analytical tools on their website or platforms, such as economic calendar, market news, trading signals, and technical analysis. However, RoboMarkets provides a variety of advanced or proprietary tools for market analysis or trading automation, such as R Trader Strategy Builder, R Trader Charts, CopyFX (social trading), RAMM (risk allocation management model), RoboForex Analytics Center, Trading Central (market analysis), Claws & Horns (market analysis), Autochartist (market analysis), and VPS (virtual private server). RoboMarkets also offers access to the built-in MQL4 and MQL5 development environments for creating custom indicators and trading robots. Therefore, RoboMarkets offers more resources and support for your trading performance and strategy than WorldForex.
