Compare ForexMart vs RoboMarkets
What is ForexMart? What is RoboMarkets?
ForexMart is an online forex broker that offers trading in currency pairs, cryptocurrencies, metals, and CFDs on various instruments. ForexMart is regulated by the Cyprus Securities and Exchange Commission (CySEC) and has been operating since 2015.
RoboMarkets is an online multi-asset broker that offers trading in stocks, indices, metals, energy commodities, soft commodities, forex, and cryptocurrencies. RoboMarkets is also regulated by the CySEC and has been operating since 2013.
ForexMart vs RoboMarkets Regulation Comparison
Both ForexMart and RoboMarkets are licensed and regulated by the CySEC, which means they have to comply with the European Union’s standards and regulations for financial services. Both brokers also participate in the Investor Compensation Fund (ICF), which protects clients’ funds up to 20,000 EUR in case of insolvency.
However, RoboMarkets has an additional license from the Financial Services Authority (FSA) of Saint Vincent and the Grenadines, which allows it to offer its services to clients outside the European Economic Area (EEA). ForexMart does not have such a license and only accepts clients from the EEA.
ForexMart vs RoboMarkets Trading Assets Comparison
ForexMart offers over 100 trading instruments, including 50+ currency pairs, 4 cryptocurrencies (Bitcoin, Ethereum, Litecoin, and Ripple), 3 metals (gold, silver, and platinum), and CFDs on stocks, indices, oil, and gas.
RoboMarkets offers over 12,000 trading instruments, including 1,000+ US stocks with zero commission, 10+ indices, 4 metals (gold, silver, palladium, and platinum), 4 energy commodities (oil, natural gas, heating oil, and ethanol), 6 soft commodities (coffee, cocoa, sugar, cotton, orange juice, and wheat), 40+ currency pairs, and 7 cryptocurrencies (Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dash, and EOS).
ForexMart vs RoboMarkets Trading Fees Comparison
ForexMart charges variable spreads from 1.3 pips on its Pro account type and fixed spreads from 2 pips on its Standard account type. ForexMart does not charge any commission or swap fees on its accounts.
RoboMarkets charges variable spreads from 0 pips on its Prime and ECN account types and fixed spreads from 1.6 pips on its Pro account type. RoboMarkets also charges commission from 2 USD per lot on its Prime and ECN account types and swap fees on all account types.
ForexMart vs RoboMarkets Account Types Comparison
ForexMart offers two account types: Standard and Pro. The minimum deposit for both accounts is 100 USD/EUR/GBP. The maximum leverage for both accounts is 1:3000. The minimum lot size for both accounts is 0.01.
RoboMarkets offers five account types: Pro-Cent (for beginners), Pro-Standard (for experienced traders), Prime (for professional traders), ECN (for algorithmic traders), and R StocksTrader (for stock traders). The minimum deposit for all accounts except R StocksTrader is 100 USD/EUR/GBP. The minimum deposit for R StocksTrader is 500 USD. The maximum leverage for all accounts except R StocksTrader is 1:2000. The maximum leverage for R StocksTrader is 1:20. The minimum lot size for all accounts except R StocksTrader is 0.01. The minimum lot size for R StocksTrader is 0.00001.
ForexMart vs RoboMarkets Deposit Options Comparison
ForexMart offers various deposit and withdrawal options, including bank transfer, credit/debit cards (Visa/Mastercard/Maestro), e-wallets (Skrill/Neteller/PayPal/WebMoney/Qiwi Wallet/Perfect Money/FasaPay/Yandex Money/MegaTransfer), cryptocurrencies (Bitcoin/Ethereum/Litecoin/Ripple), local payment methods (UnionPay/Alipay/WeChat Pay/DragonPay/GCash/PayMaya/Bank Transfer Philippines/Bank Transfer Thailand/Bank Transfer Vietnam/Bank Transfer Malaysia/Bank Transfer Indonesia/Bank Transfer Cambodia/Bank Transfer Laos/Bank Transfer Myanmar/Bank Transfer Brunei).
RoboMarkets offers similar deposit and withdrawal options as ForexMart but with some differences. RoboMarkets does not accept PayPal, Qiwi Wallet, Perfect Money, FasaPay, Yandex Money, MegaTransfer, Alipay, WeChat Pay, DragonPay, GCash, PayMaya, Bank Transfer Philippines, Bank Transfer Thailand, Bank Transfer Vietnam, Bank Transfer Malaysia, Bank Transfer Indonesia, Bank Transfer Cambodia, Bank Transfer Laos, Bank Transfer Myanmar, and Bank Transfer Brunei. However, RoboMarkets accepts AdvCash and Paysafecard.
ForexMart vs RoboMarkets Trading Platforms Comparison
ForexMart offers three trading platforms: MetaTrader 4 (MT4), WebTrader, and Mobile App. MT4 is a popular and user-friendly platform that supports multiple order types, technical indicators, charting tools, automated trading, and customization. WebTrader is a web-based platform that allows trading from any browser without downloading or installing any software. Mobile App is a mobile version of MT4 that enables trading on the go from any iOS or Android device.
RoboMarkets offers four trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), WebTrader, and Mobile App. MT4 and MT5 are similar to ForexMart’s MT4 but with some additional features and improvements. MT5 supports more instruments, order types, indicators, and timeframes than MT4. It also has a built-in economic calendar and market depth. WebTrader and Mobile App are similar to ForexMart’s WebTrader and Mobile App but with some differences in design and functionality.
ForexMart vs RoboMarkets Analytical Tools Comparison
ForexMart provides various analytical tools for its clients, such as economic calendar, market news, forex analysis, forex calculator, VPS service, and copytrade system. The economic calendar shows the upcoming events and data releases that may affect the market movements. The market news covers the latest developments and trends in the financial markets. The forex analysis provides technical and fundamental insights from experts and analysts. The forex calculator helps to calculate the margin, profit/loss, swap fees, and pip value of a trade. The VPS service allows to run automated trading strategies on a remote server without interruptions. The copytrade system enables to copy the trades of successful traders for a fee.
RoboMarkets also provides various analytical tools for its clients, such as economic calendar, market news, forex analysis, forex calculator, VPS service, copytrade system, R Trader Strategy Builder, R Trader Charts (TradingView), Autochartist (technical analysis tool), Claws & Horns (analytical service), RoboForex Analytics Center (market analysis portal), and Trading Central (investment research provider). The economic calendar, market news, forex analysis, forex calculator, VPS service, and copytrade system are similar to ForexMart’s but with some differences in content and quality. The R Trader Strategy Builder is a tool that allows to create and test automated trading strategies without coding. The R Trader Charts (TradingView) are advanced charting tools that support multiple indicators and drawing tools. The Autochartist is a tool that scans the market for trading opportunities based on technical patterns and indicators. The Claws & Horns is a service that provides market reviews, forecasts, signals, video analytics, and educational materials. The RoboForex Analytics Center is a portal that offers various types of market analysis such as charts, signals, heat maps, sentiment indicators, etc. The Trading Central is a provider of investment research that covers technical analysis.
ForexMart 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 goals, and risk appetite. There is no definitive answer to which broker is better, as each one has its own advantages and disadvantages. ForexMart and RoboMarkets are both reputable and regulated brokers that offer a variety of trading instruments, platforms, and tools.
However, they also differ in some key aspects that may affect your trading experience and performance. Ultimately, the best way to decide which broker is more suitable for you is to test them out by opening a demo account or a real account with a small deposit and testing their service and performance.
