Compare ForexChief vs RoboMarkets
What is ForexChief? What is RoboMarkets?
ForexChief is a reliable online forex broker that offers trading on various instruments, such as forex, metals, commodities, indices, and stocks. It provides tight spreads, fast execution, no commission on stocks trading, and various promotions and bonuses for clients. It is licensed by VFSC and a member of FMA.
RoboMarkets is a European stocks broker that offers trading on more than 12,000 instruments, including forex, metals, commodities, indices, stocks, and cryptocurrencies. It provides competitive spreads, no commission on US stocks trading*, access to investment accounts and copy trading, and a partnership with BMW M Motorsport. It is regulated by CySEC and registered with multiple European regulators.
ForexChief vs RoboMarkets Regulation Comparison
ForexChief is regulated by the Vanuatu Financial Services Commission (VFSC) as a Dealer in Securities with license number 14777. It is also a member of the Financial Market Relations Regulation Center (FMRRC), a self-regulatory organization in Russia.
RoboMarkets is regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 191/13. It is also registered with multiple European regulators, such as BaFin in Germany, CNMV in Spain, CONSOB in Italy, FCA in the UK, and others.
ForexChief vs RoboMarkets Trading Assets Comparison
ForexChief offers trading on more than 50 currency pairs, 4 metals, 2 energy commodities, 10 indices CFDs, and over 3,000 US stocks.
RoboMarkets offers trading on more than 40 currency pairs, 8 metals, 4 energy commodities, 12 soft commodities, over 20 indices CFDs, over 12,000 US and European stocks, and 26 cryptocurrencies.
ForexChief vs RoboMarkets Trading Fees Comparison
ForexChief charges no commission on stocks trading on its R StocksTrader platform. It also offers turnover rebates up to $10 per 1 million USD of trading volume. It charges variable spreads from 0 pips on its Prime and ECN accounts and from 1.3 pips on its Pro account3. It also charges swap fees for holding positions overnight.
RoboMarkets charges no commission on US stocks trading on its R StocksTrader platform. It also offers cashback service up to 15% of the broker’s revenue from your trading volume. It charges variable spreads from 0 pips on its Prime and ECN accounts and from 1.3 pips on its Pro account. It also charges swap fees for holding positions overnight.
ForexChief vs RoboMarkets Account Types Comparison
ForexChief offers four types of accounts: Pro, Prime, ECN, and ISK for trading stocks and ETFs. The minimum deposit for all accounts is $100 USD except for ISK which requires $500 USD. The maximum leverage for all accounts is 1:1000 except for ISK which has no leverage. The minimum lot size for all accounts is 0.01 except for ISK which has no minimum lot size.
RoboMarkets offers five types of accounts: Pro-Cent, Pro-Standard, Prime, ECN-Pro NDD, and R StocksTrader for stock trading. The minimum deposit for all accounts is $100 USD except for R StocksTrader which requires $500 USD. The maximum leverage for all accounts is 1:2000 except for R StocksTrader which has no leverage. The minimum lot size for all accounts is 0.01 except for R StocksTrader which has no minimum lot size.
ForexChief vs RoboMarkets Deposit Options Comparison
ForexChief offers various deposit and withdrawal options, such as bank wire transfer, credit/debit cards (Visa/Mastercard), e-wallets (Skrill/Neteller/WebMoney/Perfect Money/FasaPay), cryptocurrencies (Bitcoin/Ethereum/Litecoin/Ripple/Tether), local bank transfers (in Indonesia/Malaysia/Thailand/Vietnam), and others. It compensates all deposit fees charged by payment systems. It also offers free withdrawal of funds twice a month.
RoboMarkets offers various deposit and withdrawal options, such as bank wire transfer, credit/debit cards (Visa/Mastercard), e-wallets (Skrill/Neteller/WebMoney/Perfect Money/FasaPay), cryptocurrencies (Bitcoin/Ethereum/Litecoin/Ripple/Tether), local bank transfers (in Indonesia/Malaysia/Thailand/Vietnam), and others. It compensates all deposit fees charged by payment systems. It also offers free withdrawal of funds once a month.
ForexChief vs RoboMarkets Trading Platforms Comparison
ForexChief offers three trading platforms: MetaTrader 4, MetaTrader 5, and R StocksTrader. MetaTrader 4 and 5 are the most popular trading platforms for forex and CFDs trading, with a wide range of tools for technical analysis, trading signals, and automated trading. R StocksTrader is a proprietary web platform for stocks trading, with access to over 12,000 instruments and no commission on US stocks trading.
RoboMarkets offers four trading platforms: MetaTrader 4, MetaTrader 5, R StocksTrader, and R Trader. MetaTrader 4 and 5 are the same as ForexChief’s. R StocksTrader is also the same as ForexChief’s. R Trader is a proprietary web platform for multi-asset trading, with access to over 12,000 instruments, advanced charting tools, and a built-in strategy builder.
ForexChief vs RoboMarkets Analytical Tools Comparison
ForexChief offers various analytical tools for its clients, such as an economic calendar, a trader’s calculator, a library of articles and books about trading, forex trading strategies, and a schedule of trading sessions.
RoboMarkets offers various analytical tools for its clients, such as an economic calendar, a trader’s calculator, a library of articles and books about trading, analytical reviews, currency charts, interest rates, and a schedule of trading sessions.
ForexChief vs RoboMarkets. Which forex broker is better? Which forex broker should you choose?
Both ForexChief and RoboMarkets have their own advantages and disadvantages and the best choice for you may depend on your personal preferences, trading goals and risk appetite. You may want to consider the following factors when comparing two brokers:
- Regulation and reputation: RoboMarkets has a higher level of regulation and recognition in the European market, while ForexChief has a more flexible license from Vanuatu. You may want to check the credibility and reliability of each broker before opening an account with them.
- Trading assets and fees: Both brokers offer a wide range of trading instruments, but RoboMarkets has more options for cryptocurrencies and European stocks. ForexChief has lower spreads on some accounts, but RoboMarkets has no commission on US stocks trading. Both brokers charge swap fees and offer cashback or rebates services.
- Account types and platforms: Both brokers offer similar account types, with variable spreads, high leverage, and low minimum deposits. However, RoboMarkets has an additional account type for cent trading, which may be suitable for beginners or low-budget traders. Both brokers offer MetaTrader 4 and 5 platforms, as well as their own web platforms for stocks trading. RoboMarkets also has another web platform for multi-asset trading, which may appeal to more advanced traders.
- Analytical tools and customer service: Both brokers offer various analytical tools, such as economic calendars, calculators, libraries, charts, and reviews. However, RoboMarkets has more languages and channels for customer support, such as phone, email, live chat, callback, and social media.
Ultimately, the best forex broker for you is the one that meets your needs and expectations. You may want to try out their demo accounts or read some reviews from other traders before making a decision.
