Compare AMarkets vs RoboMarkets
What is AMarkets? What is RoboMarkets ?
AMarkets is an online broker that provides trading services for forex, stocks, indices, commodities, cryptocurrencies and ETFs. It has been operating since 2007 and claims to offer the best trading conditions, such as low spreads, high leverage, fast execution and cashback program.
RoboMarkets is an online broker that provides trading services for stocks, indices, metals, energy commodities, soft commodities, forex and cryptocurrencies. It has been operating since 2012 and claims to offer the best online stock trading broker service, such as zero spreads on Prime accounts, no commission on R StocksTrader platform, free withdrawal of funds twice a month and more than 12,000 instruments.
AMarkets vs RoboMarkets Regulation Comparison
AMarkets is regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines under license number 22567 IBC 2015. It is also a member of the Financial Commission, an independent dispute resolution organization that protects the interests of traders and compensates them up to €20,000 per claim.
RoboMarkets is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 191/13. It is also a member of the Investor Compensation Fund (ICF), which covers eligible clients up to €20,000 per claim in case of the broker’s insolvency.
AMarkets vs RoboMarkets Trading Assets Comparison
AMarkets offers trading services for 18 commodities, 27 cryptocurrencies, 427 stocks, 16 indices, 44 forex pairs and 19 ETFs. It also offers a special type of account for Swedish clients called ISK (Investment Savings Account), which allows them to trade US stocks and ETFs with improved condition.
RoboMarkets offers trading services for 6 markets and more than 12,000 instruments, including stocks, indices, metals, energy commodities, soft commodities, forex pairs and cryptocurrencies. It also offers a premium account type called Prime, which has some of the lowest spreads in the industry and the most attractive trading conditions.
AMarkets vs RoboMarkets Trading Fees Comparison
AMarkets charges variable spreads starting from 1.3 pips on its Standard account and fixed spreads starting from 3 pips on its Fixed account. It also charges commissions on its ECN account starting from $2.5 per lot and on its Crypto account starting from 0.15% per trade. It does not charge any fees for deposits or withdrawals. RoboMarkets charges variable spreads starting from 0 pips on its Prime and ECN accounts and starting from 1.3 pips on its Pro account. It also charges commissions on its Prime account starting from $1.5 per lot and on its ECN account starting from $4 per lot. It does not charge any fees for deposits or withdrawals twice a month.
AMarkets vs RoboMarkets Account Types Comparison
AMarkets offers four types of accounts: Standard, Fixed, ECN and Crypto. The minimum deposit for each account is $100 (except for Crypto which is $200) and the maximum leverage is 1:3000 (except for Crypto which is 1:10). The account currency can be EUR, USD or BTC. RoboMarkets offers four types of accounts: Pro, ISK, Prime and ECN. The minimum deposit for each account is $100 (except for ISK which is $500) and the maximum leverage is 1:2000 (except for ISK which is 1:100). The account currency can be EUR, USD or GBP.
AMarkets vs RoboMarkets Deposit Options Comparison
AMarkets supports various deposit and withdrawal options, such as bank cards (Visa/Mastercard), bank wire transfers, electronic wallets (Skrill/Neteller/WebMoney/Perfect Money/FasaPay), cryptocurrencies (Bitcoin/Ethereum/Litecoin/Ripple) and local payment systems (NganLuong.vn/Vietcombank/VietinBank/BIDV/ACB/Sacombank/VPBank/Techcombank/DongA Bank/Eximbank/Momo/ZaloPay).
RoboMarkets supports various deposit and withdrawal options, such as bank cards (Visa/Mastercard/Maestro), bank wire transfers, electronic wallets (Skrill/Neteller/WebMoney/Perfect Money/FasaPay), cryptocurrencies (Bitcoin/Ethereum/Litecoin/Ripple) and local payment systems (NganLuong.vn/Vietcombank/VietinBank/BIDV/ACB/Sacombank/VPBank/Techcombank/DongA Bank/Eximbank/Momo/ZaloPay).
AMarkets vs RoboMarkets Trading Platforms Comparison
AMarkets supports two trading platforms: MetaTrader 4 and MetaTrader 5. Both platforms are available for desktop, web and mobile devices. They offer fast execution, no dealing desk, wide selection of expert advisors and trading from a smartphone or tablet.
RoboMarkets supports three trading platforms: MetaTrader 4, MetaTrader 5 and R StocksTrader. All platforms are available for desktop, web and mobile devices. They offer fast execution, no dealing desk, no restrictions on algorithmic trading and trading from a smartphone or tablet2.
AMarkets vs RoboMarkets Analytical Tools Comparison
AMarkets provides various analytical tools for its clients, such as economic calendar, market sentiment, trading signals, market overview, technical analysis, fundamental analysis, webinars and education. It also offers free trading robots for different strategies and markets.
RoboMarkets provides various analytical tools for its clients, such as economic calendar, market sentiment, trading signals, market overview, technical analysis, fundamental analysis, webinars and education. It also offers free trading calculators for different instruments and parameters.
AMarkets vs RoboMarkets . Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading goals, risk appetite and budget. However, you can consider some of the following factors:
- Regulation: RoboMarkets is regulated by CySEC, a reputable and rigorous regulatory body in the European Union. AMarkets is regulated by the FSA, a lesser known and less strict regulatory body in Saint Vincent and the Grenadines. Both brokers are members of independent compensation schemes that protect their clients’ funds up to €20,000 per claim.
- Trading Assets: Both brokers offer a wide range of trading assets, including forex, stocks, indices, commodities, and cryptocurrencies. However, RoboMarkets has more tools available (over 12,000) than AMarkets (about 550). RoboMarkets also offers a premium account type called Prime, which has some of the lowest spreads in the industry and the most attractive trading conditions.
- Trading Fees: Both brokers charge spreads and commissions depending on the account type. RoboMarkets has lower spreads starting from 0 pips on Prime and ECN accounts, while AMarkets has lower commissions starting at $2.50 per lot on ECN accounts and 0.15% per lot. trading on the Cryptocurrency account. Both brokers do not charge any fees for deposits or withdrawals twice a month.
- Account Type: Both brokers offer four account types with different features and requirements. RoboMarkets has higher leverage up to 1:2000 (except for ISK which is 1:100), while AMarkets has a lower minimum deposit starting at $100 (except Cryptocurrencies which is $200). The account currency can be EUR, USD or GBP for RoboMarkets and EUR, USD or BTC for AMarkets.
- Deposit and Withdrawal Options: Both brokers support different deposit and withdrawal options, such as bank cards, wire transfers, e-wallets, cryptocurrencies and local payment systems direction. However, AMarkets supports more cryptocurrencies (Bitcoin/Ethereum/Litecoin/Ripple) than RoboMarkets (Bitcoin/Ethereum/Litecoin).
- Trading Platforms: Both brokers support MetaTrader 4 and MetaTrader 5 platforms for desktop, web and mobile. They offer fast execution, no dealing desk, a large selection of expert advisors, and trading from a smartphone or tablet. RoboMarkets also supports the R StocksTrader platform to trade stocks with zero spreads and no commissions.
- Analytical Tools: Both brokers provide different analytical tools to their clients, such as economic calendar, market sentiment, trading signals, market overview, analytics technical, fundamental analysis, webinars and education. AMarkets also offers free trading robots for different strategies and markets, while RoboMarkets offers free trading calculators for different instruments and parameters.
You can weigh these factors against your own criteria and decide which broker is a better fit for you. You can also try out their demo account to test their services before opening a real account.
