Compare FxPro vs RoboMarkets
What is FxPro? What is RoboMarkets?
FxPro is a UK-based forex and CFD broker that was founded in 2006. It offers trading on over 2,000 instruments across six asset classes, including forex, shares, indices, futures, metals and energies. FxPro is regulated by the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, the Financial Sector Conduct Authority (FSCA) in South Africa and the Securities Commission of The Bahamas (SCB) in The Bahamas.
RoboMarkets (formerly RoboForex) is a forex and CFD broker that was founded in 2009. It offers trading on over 12,000 instruments across eight asset classes, including forex, stocks, indices, ETFs, commodities, metals, energies and cryptocurrencies. RoboMarkets is regulated by the CySEC in Cyprus and the International Financial Services Commission (IFSC) in Belize.
FxPro vs RoboMarkets Overall Comparison
| Category | FxPro | RoboMarkets |
|---|---|---|
| Trust Score | 90/99 | 69/99 |
| Year Founded | 2006 | 2009 |
| Publicly Traded | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 0 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 1 | 1 |
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2,249 | 12,000 |
| Forex Pairs (Total) | 70 | 36 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int’l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (CFD) | Yes | Yes |
FxPro vs RoboMarkets Regulation Comparison
FxPro has a higher trust score than RoboMarkets because it has more regulatory licenses from reputable jurisdictions. FxPro is authorized by the FCA in the UK, which is one of the most respected regulators in the world. It also has licenses from CySEC, FSCA and SCB. RoboMarkets only has licenses from CySEC and IFSC, which are considered less stringent and reliable.
Both brokers offer negative balance protection to their clients, which means they cannot lose more than their initial deposit. However, FxPro also offers additional protection through the Financial Services Compensation Scheme (FSCS), which covers up to £85,000 per client in case of broker insolvency.
FxPro vs RoboMarkets Trading Assets Comparison
RoboMarkets offers more trading assets than FxPro, with over 12,000 instruments compared to FxPro’s 2,249. RoboMarkets has a wider range of asset classes, including ETFs and cryptocurrencies, which FxPro does not offer. However, FxPro has more forex pairs than RoboMarkets, with 70 versus 36.
Both brokers offer trading on stocks as CFDs, but FxPro also offers trading on international stocks as non-CFDs through its FxPro Direct platform. This means that clients can own the underlying shares and receive dividends without paying any commissions or fees.
FxPro vs RoboMarkets Trading Fees Comparison
The trading fees of both brokers depend on the account type, platform and instrument chosen by the client. Both brokers offer various account types with different pricing models, such as commission-based or spread-based accounts.
FxPro charges variable spreads on its MT4 and MT5 platforms, starting from 0.6 pips for EUR/USD on its cTrader account. It also charges a commission of $45 per $1 million traded on its cTrader platform. On its FxPro Direct platform, it charges fixed spreads starting from 0 pips for EUR/USD on its Zero Spread account. It also charges a commission of $9 per lot on its Zero Spread account.
RoboMarkets charges variable spreads on its MT4, MT5 and R Trader platforms, starting from 0 pips for EUR/USD on its ECN-Pro account. It also charges a commission of $20 per $1 million traded on its ECN-Pro account. On its R Trader platform, it charges fixed spreads starting from 0.01 pips for EUR/USD on its Prime account. It also charges a commission of $1.5 per lot on its Prime account.
Both brokers also charge swap fees for holding positions overnight, as well as inactivity fees for dormant accounts. FxPro charges an inactivity fee of $15 per month after 12 months of no trading activity, while RoboMarkets charges an inactivity fee of $10 per month after 6 months of no trading activity.
FxPro vs RoboMarkets Account Types Comparison
Both brokers offer various account types to suit different trading styles and preferences. FxPro offers four main account types: MT4, MT5, cTrader and FxPro Direct. RoboMarkets offers five main account types: Pro-Standard, Pro-Cent, ECN-Pro, Prime and R Trader.
The main differences between the account types are the minimum deposit, the leverage, the platform, the pricing model and the available instruments. Here is a table that compares the account types of both brokers:
| Account Type | FxPro | RoboMarkets |
|---|---|---|
| Minimum Deposit | $100 | $10 |
| Maximum Leverage | 1:500 | 1:2000 |
| Platform | MT4, MT5, cTrader, FxPro Direct | MT4, MT5, R Trader |
| Pricing Model | Variable or Fixed Spreads + Commission (optional) | Variable or Fixed Spreads + Commission (optional) |
| Available Instruments | Forex, Shares (CFD and Non-CFD), Indices, Futures, Metals, Energies | Forex, Stocks (CFD), Indices, ETFs, Commodities, Metals, Energies, Cryptocurrencies |
FxPro vs RoboMarkets Trading Conditions Comparison
Both brokers offer similar trading conditions to their clients, such as fast execution speed, low latency and no requotes. However, there are some differences in terms of the order types, the market depth and the slippage control.
FxPro offers more order types than RoboMarkets, such as market orders, limit orders, stop orders, trailing stop orders and OCO orders. RoboMarkets only offers market orders, limit orders and stop orders.
FxPro also offers more market depth than RoboMarkets, as it provides Level II pricing on its cTrader platform. This means that clients can see the full range of bid and ask prices from multiple liquidity providers. RoboMarkets only provides Level I pricing on its platforms, which means that clients can only see the best bid and ask prices from one liquidity provider.
FxPro also offers more slippage control than RoboMarkets, as it allows clients to set a maximum deviation from the requested price for their orders. This means that clients can limit the amount of slippage they are willing to accept in volatile market conditions. RoboMarkets does not offer this feature on its platforms.
FxPro vs RoboMarkets Deposit Options Comparison
Both brokers offer a variety of deposit and withdrawal options to their clients, such as bank wire transfer, credit/debit cards and e-wallets. However, there are some differences in terms of the fees, the processing time and the minimum/maximum amounts.
FxPro does not charge any fees for deposits or withdrawals, except for bank wire transfers which may incur fees from the banks involved. The processing time for deposits is instant for most methods, except for bank wire transfers which may take up to 5 business days. The processing time for withdrawals is up to 1 business day for most methods, except for bank wire transfers which may take up to 5 business days. The minimum deposit amount is $100 for all methods, while the maximum deposit amount varies depending on the method. The minimum withdrawal amount is $50 for all methods.
RoboMarkets does not charge any fees for deposits or withdrawals either, except for some e-wallets which may incur fees from the service providers. The processing time for deposits is instant for most methods, except for bank wire transfers which may take up to 2 business days. The processing time for withdrawals is up to 2 business days for most methods, except for bank wire transfers which may take up to 10 business days. The minimum deposit amount is $10 for most methods, while the maximum deposit amount varies depending on the method. The minimum withdrawal amount is $10 for most methods.
FxPro vs RoboMarkets Trading Platforms Comparison
Both brokers offer a range of trading platforms to their clients, such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader and R Trader. However, there are some differences in terms of the features, the design and the compatibility of the platforms.
FxPro offers more platforms than RoboMarkets, with four options: MT4, MT5, cTrader and FxPro Direct. FxPro Direct is a proprietary platform that allows clients to trade international stocks as non-CFDs, as well as access their accounts, deposits, withdrawals and customer support. FxPro also offers a web-based version of its platforms, as well as mobile apps for iOS and Android devices.
RoboMarkets offers three platforms: MT4, MT5 and R Trader. R Trader is a proprietary platform that allows clients to trade over 12,000 instruments across eight asset classes, as well as access advanced charting tools, market analysis and trading robots. RoboMarkets also offers a web-based version of its platforms, as well as mobile apps for iOS and Android devices.
Both brokers offer MT4 and MT5, which are popular and widely used platforms among forex and CFD traders. They offer various features, such as multiple order types, technical indicators, charting tools, automated trading and customizability. However, MT5 has some advantages over MT4, such as more timeframes, more instruments, more order types and a built-in economic calendar.
Both brokers also offer cTrader and R Trader, which are proprietary platforms that have some unique features. cTrader is a platform designed for ECN trading, which means that it provides direct access to the interbank market and transparent pricing. It also offers Level II pricing, advanced order types, detachable charts and a customizability. R Trader is a platform that combines the features of a web terminal and a powerful trading platform. It offers over 12,000 instruments across eight asset classes, including cryptocurrencies and ETFs. It also offers advanced charting tools, market analysis and trading robots.
FxPro vs RoboMarkets Analytical Tools Comparison
Both brokers offer various analytical tools to their clients, such as economic calendars, market news, trading signals and technical analysis. However, there are some differences in terms of the quality, the quantity and the accessibility of the tools.
FxPro offers more analytical tools than RoboMarkets, with a wide range of options available on its website and its platforms. FxPro provides an economic calendar that shows the upcoming events and their impact on the markets. It also provides market news that covers the latest developments and trends in the financial markets. FxPro also offers trading signals from Trading Central, which are based on technical analysis and provide entry and exit points for various instruments. FxPro also offers technical analysis from Autochartist, which is a tool that scans the markets for patterns and opportunities.
RoboMarkets offers fewer analytical tools than FxPro, but still provides some useful options on its website and its platforms. RoboMarkets provides an economic calendar that shows the upcoming events and their impact on the markets. It also provides market news that covers the latest developments and trends in the financial markets. RoboMarkets also offers trading signals from MQL5, which are based on technical analysis and provide entry and exit points for various instruments. RoboMarkets also offers technical analysis from Claws & Horns, which is a tool that provides market commentary, forecasts and recommendations.
FxPro vs RoboMarkets Educational Resources Comparison
Both brokers offer various educational resources to their clients, such as articles, videos, webinars, e-books and glossaries. However, there are some differences in terms of the quality, the quantity and the accessibility of the resources.
FxPro offers more educational resources than RoboMarkets, with a comprehensive range of options available on its website and its platforms. FxPro provides articles that cover various topics, such as forex basics, trading strategies, risk management and market psychology. It also provides videos that explain the features and functions of its platforms and tools. FxPro also offers webinars that are conducted by professional traders and analysts, who share their insights and tips on the markets. FxPro also offers e-books that cover the fundamentals and technicals of forex trading, as well as glossaries that explain the key terms and concepts in the financial markets.
RoboMarkets offers fewer educational resources than FxPro, but still provides some useful options on its website and its platforms. RoboMarkets provides articles that cover various topics, such as forex basics, trading strategies, risk management and market psychology. It also provides videos that explain the features and functions of its platforms and tools. RoboMarkets also offers webinars that are conducted by professional traders and analysts, who share their insights and tips on the markets. RoboMarkets also offers e-books that cover the fundamentals and technicals of forex trading, as well as glossaries that explain the key terms and concepts in the financial markets.
Which offers better pricing – FxPro or RoboMarkets
This depends on the type of account and instrument you trade. FxPro offers four types of accounts: MT4, MT5, cTrader and Edge. RoboMarkets offers six types of accounts: Pro-Standard, Pro-Cent, ECN-Pro, Prime, R Trader and Demo. Each account has different spreads, commissions and minimum deposits. You can compare the pricing details of each account on their respective websites.
Generally speaking, FxPro has lower spreads than RoboMarkets for most forex pairs and CFDs, but higher commissions for some instruments such as stocks and futures. RoboMarkets has lower commissions than FxPro for most instruments, but higher spreads for some forex pairs and CFDs. Both brokers offer zero commission trading for some account types and instruments.
Which broker offers more security when trading Forex and CFDs?
Both brokers are regulated by reputable authorities and offer high levels of security for their clients’ funds. FxPro is authorized by the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the South Africa Financial Sector Conduct Authority (FSCA) and the Bahamas Securities Commission (SCB). RoboMarkets is authorized by CySEC and the Belize International Financial Services Commission (IFSC).
FxPro has a higher trust score than RoboMarkets according to ForexBrokers.com, which considers factors such as regulatory oversight, public transparency, financial stability and client protection. FxPro also offers negative balance protection, segregated accounts, investor compensation schemes and professional indemnity insurance for its clients. RoboMarkets also offers negative balance protection, segregated accounts and investor compensation schemes for its clients.
Which broker offers the superior trading platform?
Both brokers offer a variety of trading platforms to suit different needs and preferences of their clients. FxPro offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader and FxPro Edge platforms. RoboMarkets offers MT4, MT5, cTrader, R Trader and Umstel platforms.
MT4 and MT5 are the most popular platforms among forex traders, offering advanced charting tools, technical indicators, automated trading systems, market news and analysis. cTrader is a web-based platform that provides fast execution, depth of market, custom indicators and social trading features. FxPro Edge is a proprietary platform that allows traders to create their own spread bets using various instruments and risk-reward scenarios. R Trader is a web-based platform that provides access to over 12,000 instruments across stocks, ETFs, indices, forex and cryptocurrencies. Umstel is a web-based platform that provides access to US stock CFDs with low commissions.
The choice of the best platform depends on your personal preferences, trading style and goals. You can try out the different platforms using demo accounts before deciding which one suits you best.
Do these brokers both offer MetaTrader?
Yes, both brokers offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These are the most popular platforms among forex traders, offering advanced charting tools, technical indicators, automated trading systems, market news and analysis.
How many Forex pairs can you expect from these brokers?
FxPro offers 70 forex pairs to trade on its platforms. RoboMarkets offers 36 forex pairs to trade on its platforms. Both brokers offer major, minor and exotic currency pairs.
Is it safe to trade with FxPro?
Yes, it is safe to trade with FxPro. FxPro is regulated by four reputable authorities: the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the South Africa Financial Sector Conduct Authority (FSCA) and the Bahamas Securities Commission (SCB). FxPro has a high trust score of 90 out of 99 according to ForexBrokers.com, which considers factors such as regulatory oversight, public transparency, financial stability and client protection. FxPro also offers negative balance protection, segregated accounts, investor compensation schemes and professional indemnity insurance for its clients.
Is it safe to trade with RoboMarkets?
Yes, it is safe to trade with RoboMarkets. RoboMarkets is regulated by two reputable authorities: the Cyprus Securities and Exchange Commission (CySEC) and the Belize International Financial Services Commission (IFSC). RoboMarkets has an average trust score of 69 out of 99 according to ForexBrokers.com, which considers factors such as regulatory oversight, public transparency, financial stability and client protection. RoboMarkets also offers negative balance protection, segregated accounts and investor compensation schemes for its clients.
Is FxPro a good broker?
FxPro is a good broker for forex and CFD trading. FxPro has been in the industry since 2006 and has won over 85 international awards for its services. FxPro offers competitive pricing, fast execution, multiple platforms, a wide range of instruments, educational resources, customer support and security for its clients.
Is RoboMarkets a good broker?
RoboMarkets is a good broker for forex and CFD trading. RoboMarkets has been in the industry since 2009 and has won over 10 international awards for its services. RoboMarkets offers competitive pricing, fast execution, multiple platforms, a wide range of instruments, educational resources, customer support and security for its clients.
FxPro 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. It depends on your personal preferences, trading style, goals and risk appetite. Both FxPro and RoboMarkets have their pros and cons, and you should weigh them carefully before making a decision.
Some factors you may want to consider are:
- Pricing: Compare the spreads, commissions and fees of each broker for the instruments and account types you want to trade. Look for transparent and competitive pricing that suits your budget and trading frequency.
- Platforms: Compare the features, functionality, user-friendliness and compatibility of each broker’s platforms. Look for platforms that offer advanced tools, indicators, charts, news, analysis and automation that match your trading needs and preferences.
- Instruments: Compare the range, diversity and availability of each broker’s instruments. Look for instruments that offer the markets, volatility, liquidity and opportunities you are interested in.
- Security: Compare the regulation, reputation, trust score and client protection of each broker. Look for brokers that are authorized by reputable authorities, have a high level of public transparency and financial stability, and offer negative balance protection, segregated accounts, investor compensation schemes and professional indemnity insurance for their clients.
- Service: Compare the customer support, deposit and withdrawal options, educational resources and social trading features of each broker. Look for brokers that offer responsive, helpful and multilingual support, fast and easy payment methods, comprehensive and quality learning materials and social trading platforms that allow you to copy or follow other traders.
You can use online comparison tools such as ForexBrokers.com or DayTrading.com to compare FxPro and RoboMarkets based on these factors and more. You can also read reviews from other traders who have experience with both brokers to get their insights and opinions.
Ultimately, the best way to find out which broker is better for you is to try them out yourself using demo accounts. Demo accounts allow you to test the platforms, instruments, pricing and service of each broker without risking real money. You can open demo accounts with both FxPro and RoboMarkets on their respective websites.
