Compare AvaTrade vs RoboMarkets
What is AvaTrade? What is RoboMarkets?
AvaTrade is a global online broker that offers trading and investing in various financial instruments, such as forex, CFDs, stocks, commodities, indices, cryptocurrencies, and options. AvaTrade was founded in 2006 and is regulated by several authorities around the world.
RoboMarkets (formerly known as RoboForex) is a European online broker that provides access to trading over 12,000 instruments, including forex, CFDs, stocks, ETFs, indices, metals, energies, cryptocurrencies, and more. RoboMarkets was established in 2009 and is licensed by the Cyprus Securities and Exchange Commission (CySEC).
AvaTrade vs RoboMarkets Regulation Comparison
AvaTrade has a higher trust score than RoboMarkets. AvaTrade holds four global Tier-1 licenses from the Australian Securities and Investments Commission (ASIC), the Investment Industry Regulatory Organization of Canada (IIROC), the Japan Financial Services Agency (JFSA), and the Central Bank of Ireland (CBI). It also holds three Tier-2 licenses from the Israel Securities Authority (ISA), the South African Financial Sector Conduct Authority (FSCA), and the Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM/FSRA).
RoboMarkets holds only one Tier-1 license from the CySEC. It also holds two Tier-4 licenses from the International Financial Services Commission of Belize (IFSC) and the Financial Services Authority of Saint Vincent and the Grenadines (FSA).
AvaTrade vs RoboMarkets Trading Assets Comparison
AvaTrade offers a more diverse selection of investment options than RoboMarkets. AvaTrade allows you to trade forex, CFDs, spread betting, social trading/copy trading, metals, energies, agriculturals, and U.S. stocks. AvaTrade has 1,260 tradeable symbols in total, including 55 forex pairs.
RoboMarkets allows you to trade forex, CFDs, social trading/copy trading, metals, energies, ETFs, U.S. stocks, and cryptocurrencies. RoboMarkets has 12,000 tradeable symbols in total, including 36 forex pairs.
AvaTrade vs RoboMarkets Trading Fees Comparison
AvaTrade charges no commission on most of its instruments, except for options and spread betting. AvaTrade makes money from the spread, which is the difference between the bid and ask prices. The average spread for EUR/USD on AvaTrade is 0.92 pips.
RoboMarkets charges different commissions depending on the account type and instrument. For example, on the Pro account, RoboMarkets charges $2 per lot for forex and $0.02 per share for stocks. The average spread for EUR/USD on RoboMarkets is 1.4 pips.
AvaTrade vs RoboMarkets Account Types Comparison
AvaTrade offers four main account types: Retail, Professional, Islamic (swap-free), and MAM (multi-account manager). The minimum deposit for all accounts is $100. The maximum leverage for Retail accounts is 30:1 for forex and lower for other instruments. The maximum leverage for Professional accounts is 400:1 for forex and higher for other instruments.
RoboMarkets offers six main account types: Pro-Cent, Pro-Standard, ECN-Pro NDD, Prime NDD (for professional traders), R StocksTrader (for stock trading), and ISK (for Swedish clients). The minimum deposit for all accounts is $100 except for Prime NDD ($5,000) and ISK ($500). The maximum leverage for all accounts is 30:1 for forex and lower for other instruments.
AvaTrade vs RoboMarkets Deposit Options Comparison
AvaTrade supports various deposit and withdrawal methods, such as credit/debit cards, bank wire transfers, e-wallets (PayPal, Skrill, Neteller), and WebMoney. The processing time for deposits is instant for most methods except for bank wire transfers (3-5 business days). The processing time for withdrawals is up to 24 hours for e-wallets and up to 10 business days for other methods.
RoboMarkets also supports various deposit and withdrawal methods, such as credit/debit cards, bank wire transfers, e-wallets (Skrill, Neteller), cryptocurrencies (Bitcoin), WebMoney, and others. The processing time for deposits is instant for most methods except for bank wire transfers (2-5 business days). The processing time for withdrawals is up to 24 hours for e-wallets and cryptocurrencies and up to 10 business days for other methods.
AvaTrade vs RoboMarkets Trading Platforms Comparison
AvaTrade offers a wide range of trading platforms, including its proprietary WebTrader and AvaTradeGO app, as well as MetaTrader 4 (MT4), MetaTrader 5 (MT5), and AvaOptions. AvaTrade also supports social trading/copy trading platforms such as DupliTrade and ZuluTrade.
RoboMarkets also offers a variety of trading platforms, including its proprietary R StocksTrader platform for stock trading, as well as MT4, MT5, and cTrader. RoboMarkets also supports social trading/copy trading platforms such as CopyFX and RAMM.
AvaTrade vs RoboMarkets Analytical Tools Comparison
AvaTrade provides various analytical tools for its clients, such as Trading Central (Recognia), Autochartist, economic calendar, market news, market analysis, webinars, eBooks, videos, and articles.
RoboMarkets also provides various analytical tools for its clients, such as Autochartist, economic calendar, market news, market analysis, webinars, videos, tutorials, and articles.
AvaTrade vs RoboMarkets. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that depends on your personal preferences, trading style, and goals. There is no definitive answer to which broker is better, as both AvaTrade and RoboMarkets have their own strengths and weaknesses. ltimately, the best forex broker for you is the one that meets your needs and expectations the most.
