Compare MTrading vs RoboMarkets
What is MTrading? What is RoboMarkets?
MTrading is an online broker that offers trading and investing in forex, CFDs, commodities, cryptocurrencies and indices. MTrading is based in Belize and is regulated by the International Financial Services Commission (IFSC). MTrading claims to provide award-winning trading terms, low spreads, fast execution and negative balance protection.
RoboMarkets is an online broker that offers trading and investing in forex, CFDs, stocks, indices, metals, energy, commodities and cryptocurrencies. RoboMarkets is based in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC). RoboMarkets claims to provide the most comfortable trading conditions, ECN pricing, commission-free trading on US stocks, fractional stock trading and automated dividend payments.
MTrading vs RoboMarkets Regulation Comparison
Both MTrading and RoboMarkets are regulated by reputable authorities in their respective jurisdictions. However, RoboMarkets has a higher level of regulation as it complies with the European Union’s Markets in Financial Instruments Directive (MiFID) II, which sets high standards for investor protection, transparency and market integrity. RoboMarkets also participates in the Investor Compensation Fund (ICF), which covers up to 20,000 EUR per client in case of the broker’s insolvency. MTrading does not offer such a compensation scheme for its clients.
MTrading vs RoboMarkets Trading Assets Comparison
Both MTrading and RoboMarkets offer a wide range of trading assets across six asset classes: forex, CFDs, commodities, cryptocurrencies, indices and stocks. However, RoboMarkets has a larger number of instruments available for trading, with over 12,000 instruments compared to MTrading’s over 3,000 instruments.
RoboMarkets also offers more variety in terms of stock trading, as it allows access to over 3,000 US stocks listed on NYSE and NASDAQ, while MTrading only offers access to over 100 US stocks listed on NASDAQ.
MTrading vs RoboMarkets Trading Fees Comparison
Both MTrading and RoboMarkets charge different fees depending on the account type, trading platform and instrument traded. Generally speaking, RoboMarkets has lower fees than MTrading for most instruments, especially for forex and stock trading.
For example, RoboMarkets offers raw ECN spreads from 0 pips on its Prime account with a commission of 4 USD per lot round turn, while MTrading offers floating spreads from 1.3 pips on its Pro account with no commission. RoboMarkets also offers commission-free trading on US stocks on its R StocksTrader platform, while MTrading charges a commission of 0.02 USD per share on its MetaTrader 5 platform.
MTrading vs RoboMarkets Account Types Comparison
Both MTrading and RoboMarkets offer several account types to suit different trading styles and preferences. However, RoboMarkets has more account options than MTrading, with five account types compared to MTrading’s three account types. Additionally, RoboMarkets offers a special account type for Swedish clients called ISK (Investment Savings Account), which provides improved conditions for trading US stocks and ETFs on R StocksTrader platform.
MTrading vs RoboMarkets Deposit Options Comparison
Both MTrading and RoboMarkets offer a wide selection of flexible and fee-free payment methods for depositing and withdrawing funds. These include bank cards, e-wallets, bank transfers and local banking options in multiple currencies.
However, there are some differences in terms of withdrawal fees and processing times. For example, RoboMarkets offers two free withdrawals per month for any payment method, while MTrading charges withdrawal fees for some methods such as bank cards (2%) and bank transfers (25 USD). RoboMarkets also claims to process withdrawal requests within one business day, while MTrading does not specify its withdrawal processing time.
MTrading vs RoboMarkets Trading Platforms Comparison
Both MTrading and RoboMarkets offer access to the popular and reliable MetaTrader 4 and MetaTrader 5 platforms, which support a range of trading tools, indicators, charts and automated trading features.
However, RoboMarkets also offers access to two other platforms: WebTrader and R StocksTrader. WebTrader is a web-based platform that allows trading from any browser without downloading any software. R StocksTrader is a proprietary platform that is designed for stock trading and investing, with features such as fractional stock trading, automated dividend payments, market depth and advanced order types.
MTrading vs RoboMarkets Analytical Tools Comparison
Both MTrading and RoboMarkets offer various analytical tools and resources to help traders make informed decisions and improve their trading performance. These include market news, economic calendar, trading signals, webinars, tutorials, articles and videos.
However, RoboMarkets has more advanced and comprehensive analytical tools than MTrading, such as R Trader Strategy Builder, which allows creating and testing trading robots without coding, RoboForex Analytics Center, which provides access to technical analysis, market sentiment, trading calculators and widgets, and CopyFX, which is a social trading platform that enables copying the trades of successful traders
MTrading vs RoboMarkets. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that can affect your trading experience and results. There are many factors to consider when comparing different brokers, such as regulation, trading assets, trading fees, account types, deposit and withdrawal options, trading platforms and analytical tools. MTrading and RoboMarkets are two online brokers that offer different trading conditions and services. 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. You can also read online reviews and feedback from other traders who have used these brokers before.
