Compare HF Markets vs RoboMarkets
What is HF Markets? What is RoboMarkets ?
HF Markets (also known as HotForex) is an online forex and CFD broker that offers trading services in various markets, such as forex, stocks, indices, commodities, cryptocurrencies and more. HF Markets is regulated by the Financial Conduct Authority (FCA) in the U.K., the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, the Dubai Financial Services Authority (DFSA) in the UAE, and the Financial Sector Conduct Authority (FSCA) in South Africa. HF Markets was founded in 2010 and has over 2.5 million live accounts.
RoboMarkets is an online forex and CFD broker that offers trading services in various markets, such as forex, stocks, indices, commodities, cryptocurrencies and more. RoboMarkets is regulated by the Cyprus Securities and Exchange Commission (CySEC) in Cyprus and the International Financial Services Commission (IFSC) in Belize. RoboMarkets was founded in 2009 and has over 1 million clients.
HF Markets vs RoboMarkets Regulation Comparison
HF Markets has a higher trust score than RoboMarkets .HF Markets has two tier-1 licenses (high trust), three tier-2 licenses (average trust), and zero tier-3 licenses (low trust), while RoboMarkets has one tier-1 license, zero tier-2 licenses, and one tier-3 license.
HF Markets vs RoboMarkets Trading Assets Comparison
RoboMarkets offers more trading assets than HF Markets, with 12,000 CFDs available compared to 3,500 CFDs offered by HF Markets.
However, HF Markets has more forex pairs to trade, with 47 pairs versus 36 pairs at RoboMarkets.
HF Markets vs RoboMarkets Trading Fees Comparison
Both brokers offer competitive trading fees, depending on the account type and platform chosen by the trader. HF Markets offers six account types: Micro, Premium, Zero Spread, Auto, PAMM and HFCopy. RoboMarkets offers five account types: Pro-Cent, Pro-Standard, ECN-Pro NDD, Prime and R Trader. The minimum deposit for both brokers is $5 for the Micro/Pro-Cent accounts.
The average spread for the EUR/USD pair is 1.2 pips at HF Markets and 1.4 pips at RoboMarkets for the standard accounts. The commissions vary depending on the platform and account type, but generally range from $3 to $10 per lot round turn at both brokers.
HF Markets vs RoboMarkets Account Types Comparison
HF Markets offers the following account types:
- Micro: Minimum deposit of $5, leverage up to 1:1000, variable spreads from 1 pip, no commissions, MT4/MT5 platforms.
- Premium: Minimum deposit of $100, leverage up to 1:500, variable spreads from 1 pip, no commissions, MT4/MT5 platforms.
- Zero Spread: Minimum deposit of $200, leverage up to 1:500, fixed spreads from 0 pips, commissions from $6 per lot round turn, MT4/MT5 platforms.
- Auto: Minimum deposit of $200, leverage up to 1:500, variable spreads from 1 pip, no commissions, MT4 platform with automated trading signals.
- PAMM: Minimum deposit of $250 or $500 depending on the strategy provider, leverage up to 1:300 or 1:500 depending on the strategy provider, variable spreads from 0.3 pips or fixed spreads from 0 pips depending on the strategy provider, commissions from $6 or $10 per lot round turn depending on the strategy provider, MT4 platform with PAMM service for investors and managers.
- HFCopy: Minimum deposit of $300 or $500 depending on the role (follower or strategy provider), leverage up to 1:400 or 1:30 depending on the role, variable spreads from 1 pip, commissions from $2 or $4 per lot round turn depending on the role, MT4 platform with HFCopy service for social trading.
RoboMarkets offers the following account types:
- Pro-Cent: Minimum deposit of $5, leverage up to 1:2000, floating spreads from 1.3 pips, no commissions, MT4/MT5/cTrader platforms.
- Pro-Standard: Minimum deposit of $10, leverage up to 1:2000, floating spreads from 1.3 pips, no commissions, MT4/MT5/cTrader platforms.
- ECN-Pro NDD: Minimum deposit of $10, leverage up to 1:300, floating spreads from 0 pips, commissions from $20 per million USD traded, MT4/MT5/cTrader platforms.
- Prime: Minimum deposit of $5,000, leverage up to 1:100, floating spreads from 0 pips, commissions from $15 per million USD traded, MT4/MT5 platforms.
- R Trader: Minimum deposit of $100, leverage up to 1:200, floating spreads from 0.01 pips, commissions from $0.0045 per share for US stocks and from $0.015 per share for EU stocks, R Trader platform with access to over 12,000 instruments.
HF Markets vs RoboMarkets Deposit Options Comparison
Both brokers offer a variety of deposit and withdrawal options for their clients, such as bank wire transfer, credit/debit cards, e-wallets and cryptocurrencies. However, the availability and fees of these options may vary depending on the country and currency of the client.
HF Markets does not charge any fees for deposits or withdrawals, except for bank wire transfers which may incur fees from the banks involved. HF Markets also offers a loyalty program that rewards clients with cash rebates or discounts on withdrawal fees.
RoboMarkets does not charge any fees for deposits or withdrawals either, except for bank wire transfers which may incur fees from the banks involved. RoboMarkets also offers a cashback program that rewards clients with up to 15% of their trading commissions back every month.
HF Markets vs RoboMarkets Trading Platforms Comparison
Both HF Markets and RoboMarkets offer a range of trading platforms, such as MT4, MT5, cTrader, R Trader and MobileTrader. Each platform has its own advantages and disadvantages, depending on the preferences and needs of the trader.
For example:
- MT4 and MT5 are popular platforms that offer advanced charting tools, technical indicators, automated trading systems (Expert Advisors), market news and signals. However, MT4 and MT5 are not compatible with each other, and some features may vary depending on the broker’s version of the platform.
- cTrader is another platform that offers fast execution, level II pricing, advanced order types, custom indicators and automated trading systems (cBots). However, cTrader is not as widely supported as MT4 or MT5 by brokers and third-party providers.
- R Trader is a web-based platform that offers access to over 12,000 instruments, including stocks, ETFs and cryptocurrencies. R Trader also offers advanced charting tools, technical indicators, market news and signals. However, R Trader is not compatible with MT4 or MT5 indicators or automated trading systems.
- MobileTrader is a mobile app that allows traders to access their accounts and trade on the go. MobileTrader supports both iOS and Android devices and offers basic charting tools, technical indicators and market news. However, MobileTrader may not have all the features or functionality of the desktop or web-based platforms.
HF Markets vs RoboMarkets Analytical Tools Comparison
Both HF Markets and RoboMarkets offer various analytical tools to help traders make informed decisions and improve their trading performance. Some of the tools available from both brokers are:
- Economic calendar: A tool that shows the dates and times of important economic events and indicators that may affect the markets, such as interest rate decisions, GDP reports, inflation data, etc.
- Market news: A tool that provides the latest news and analysis from reputable sources, such as Reuters, Trading Central, Dow Jones, etc.
- Market sentiment: A tool that shows the percentage of traders who are buying or selling a certain instrument, based on the broker’s client data.
- Trading signals: A tool that provides buy or sell recommendations based on technical or fundamental analysis, such as Autochartist, MQL5 Signals, etc.
Some of the tools that are unique to HF Markets are:
- Premium Trader Tools: A package of advanced tools that includes an alarm manager, a correlation matrix, a correlation trader, a market manager, a sentiment trader, a session map, a stealth orders tool and a tick chart trader.
- VPS Hosting: A service that allows traders to run their automated trading systems (Expert Advisors) on a remote server without interruption or latency issues.
- HF Copy: A social trading platform that allows traders to copy the trades of other successful traders (strategy providers) or offer their own trades for copying (followers).
Some of the tools that are unique to RoboMarkets are:
- R Trader Strategy Builder: A tool that allows traders to create and test their own automated trading systems (robots) without coding skills, using a simple drag-and-drop interface.
- RoboForex Analytics Center: A tool that provides various types of analysis, such as technical analysis, fundamental analysis, wave analysis, Fibonacci retracements, Ichimoku Clouds, etc.
- Stocks Scanner: A tool that allows traders to filter and sort stocks based on various criteria, such as price, volume, volatility, dividends, earnings, etc.
HF Markets 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, budget and level of experience. You can compare the features, benefits, and limitations of each broker and decide which broker is right for you. You can also research and read user reviews to better understand the quality and reputation of each broker. Ultimately, the best forex broker for you is the one that meets your needs and expectations.
