Compare easyMarkets vs RoboMarkets
What is easyMarkets? What is RoboMarkets?
easyMarkets is a forex and CFD broker that offers trading on various instruments, such as currency pairs, metals, commodities, indices, options, and cryptocurrencies. easyMarkets was founded in 2001 and is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC).
RoboMarkets is a multi-asset broker that provides access to trading on more than 12,000 instruments, including forex, stocks, indices, metals, energy, commodities, cryptocurrencies, and ETFs. RoboMarkets was founded in 2009 and is regulated by the CySEC and the International Financial Services Commission of Belize (IFSC).
easyMarkets vs RoboMarkets Regulation Comparison
easyMarkets has two tier-1 licenses from CySEC and ASIC, which are considered highly trusted regulators. RoboMarkets has one tier-1 license from CySEC. Both brokers are authorized to operate in the European Union under the MiFID directive. easyMarkets also has one tier-4 license from the Seychelles Financial Services Authority (FSA), while RoboMarkets has two tier-4 licenses from the IFSC and the National Bank of the Republic of Belarus (NBRB).
easyMarkets vs RoboMarkets Trading Assets Comparison
easyMarkets offers 199 tradable symbols, including 62 forex pairs and 137 CFDs on various asset classes. RoboMarkets offers 12,000 tradable symbols, including 36 forex pairs and 11,964 CFDs on various asset classes. RoboMarkets has a much wider range of instruments than easyMarkets, especially in terms of stocks and ETFs.
easyMarkets vs RoboMarkets Trading Fees Comparison
easyMarkets charges fixed spreads on its trading accounts, starting from 0.8 pips for EUR/USD on its Pro account. easyMarkets does not charge any commission or financing fees on its R StocksTrader platform for trading US stocks.
RoboMarkets charges variable spreads on its trading accounts, starting from 0.7 pips for EUR/USD on its Prime account. RoboMarkets also charges commissions on some of its accounts, such as ECN and R StocksTrader accounts. RoboMarkets does not charge any commission for trading US stocks on its ISK account.
easyMarkets vs RoboMarkets Account Types Comparison
easyMarkets offers four types of trading accounts: Pro, R StocksTrader, Prime, and ECN. The minimum deposit for each account is $100, except for the R StocksTrader account, which requires $500. RoboMarkets offers six types of trading accounts: Prime, ECN-Pro NDD, Pro-Cent, Pro-Standard, R StocksTrader, and ISK. The minimum deposit for each account is $100, except for the ISK account, which requires $500.
easyMarkets vs RoboMarkets Deposit Options Comparison
easyMarkets supports various deposit and withdrawal options, such as credit/debit cards, bank transfers, e-wallets (Skrill, Neteller), WebMoney, iDeal, Sofort Banking, Trustly, Giropay, Fasapay. easyMarkets does not charge any fees for deposits or withdrawals and compensates clients for any fees charged by payment systems. RoboMarkets also supports various deposit and withdrawal options, such as credit/debit cards, bank transfers, e-wallets (Skrill, Neteller), WebMoney, FasaPay, AdvCash. RoboMarkets does not charge any fees for deposits but charges fees for withdrawals depending on the payment method.
easyMarkets vs RoboMarkets Trading Platforms Comparison
easyMarkets offers three trading platforms: easyMarkets Web Platform & App (proprietary platform), TradingView (web-based platform), and MetaTrader 4 & 5 (desktop and mobile platforms). RoboMarkets offers four trading platforms: R StocksTrader (proprietary web platform), MetaTrader 4 & 5 (desktop and mobile platforms), cTrader (desktop and mobile platforms), and R Trader (web-based platform).
easyMarkets vs RoboMarkets Analytical Tools Comparison
easyMarkets provides various analytical tools for traders, such as dealCancellation (a feature that allows traders to undo a losing trade within a specified time frame), Inside Viewer (a tool that shows market sentiment based on other traders’ positions), Freeze Rate (a tool that allows traders to pause a price quote for a few seconds), Vanilla Options (a type of contract that gives traders more control over their risk-reward ratio).
RoboMarkets also provides various analytical tools for traders, such as CopyFX (a social trading platform that allows traders to copy other traders’ strategies), R Trader Strategy Builder (a tool that allows traders to create automated trading strategies without coding), Autochartist (a tool that provides technical analysis and market scans), Trading Central (a tool that provides market insights and recommendations).
easyMarkets vs RoboMarkets. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better or which one you should choose, as different brokers may suit different traders depending on their preferences, needs, and goals. However, here are some possible factors that you may consider when choosing between easyMarkets and RoboMarkets:
- Regulation: If you value the security and reputation of your broker, you may prefer easyMarkets, as it has more tier-1 licenses than RoboMarkets. However, both brokers are regulated by the CySEC and authorized to operate in the EU, so they are subject to high standards of regulation and oversight.
- Trading Assets: If you want to diversify your portfolio and trade a wide range of instruments, you may prefer RoboMarkets, as it offers more than 12,000 tradable symbols, including stocks and ETFs. However, if you are mainly interested in forex and CFDs, you may find easyMarkets sufficient, as it offers 199 tradable symbols, including 62 forex pairs and 137 CFDs.
- Trading Fees: If you want to save on trading costs and enjoy low spreads and commissions, you may prefer RoboMarkets, as it offers variable spreads starting from 0.7 pips for EUR/USD on its Prime account and does not charge any commission for trading US stocks on its ISK account. However, if you prefer fixed spreads and no commissions on most of your trades, you may prefer easyMarkets, as it offers fixed spreads starting from 0.8 pips for EUR/USD on its Pro account and does not charge any commission or financing fees on its R StocksTrader platform for trading US stocks.
- Account Types: If you want to have more options and flexibility in choosing your trading account type, you may prefer RoboMarkets, as it offers six types of trading accounts with different features and benefits. However, if you want to have a simple and straightforward account type with minimal requirements, you may prefer easyMarkets, as it offers four types of trading accounts with a minimum deposit of $100 for each account (except for the R StocksTrader account).
- Deposit and Withdrawal Options: If you want to have more convenience and speed in depositing and withdrawing your funds, you may prefer easyMarkets, as it supports various payment methods and does not charge any fees for deposits or withdrawals. However, RoboMarkets also supports various payment methods and does not charge any fees for deposits but charges fees for withdrawals depending on the payment method.
- Trading Platforms: If you want to have more choices and features in your trading platform, you may prefer RoboMarkets, as it offers four trading platforms with different functionalities and advantages. However, if you want to have a user-friendly and intuitive trading platform with unique tools and options, you may prefer easyMarkets, as it offers three trading platforms with innovative features such as dealCancellation, Inside Viewer, Freeze Rate, and Vanilla Options.
- Analytical Tools: If you want to have more access and support in your trading analysis and strategy development, you may prefer RoboMarkets, as it provides various analytical tools such as CopyFX, R Trader Strategy Builder, Autochartist, and Trading Central. However, if you want to have more control and flexibility in your trading risk management and execution, you may prefer easyMarkets, as it provides various analytical tools such as dealCancellation, Inside Viewer, Freeze Rate, and Vanilla Options.
