Compare NordFX vs RoboMarkets
What is NordFX? What is RoboMarkets?
NordFX is an internationally oriented forex broker offering its website and trading platform in more than 20 languages. The company, which is based in India, was founded in 2008 and is regulated by the Indian Securities and Exchange Commission. NordFX is a NDD Broker in terms of broker type.
RoboMarkets is a European broker regulated by the Cyprus Securities and Exchange Commission (CySEC), under licence No. 191/13. The company, which is based in Cyprus, was founded in 2009 and offers trading services for forex, stocks, indices, ETFs, commodities, cryptocurrencies and more. RoboMarkets is an STP/ECN Broker in terms of broker type.
NordFX vs RoboMarkets Regulation Comparison
NordFX is regulated by the Indian Securities and Exchange Commission (ISEC), which is a statutory body established by the Government of India to protect the interests of investors in securities and to promote the development of, and to regulate, the securities market.
RoboMarkets is regulated by the Cyprus Securities and Exchange Commission (CySEC), which is a financial regulator of the Republic of Cyprus established in 2001 with “The Cyprus Securities and Exchange Commission” law enactment.
The purpose of CySEC is to provide the licensing, regulation, and control of brokers, brokerage companies, dealing centers, and operations carried out on the stock and currency exchange as well as development and implementation of regulations and laws that make the financial market of Cyprus more reliable and transparent. RoboMarkets is also registered as a legal investment firm in 29 European countries.
NordFX vs RoboMarkets Trading Assets Comparison
NordFX offers trading services for forex, metals, cryptocurrencies, indices and stocks. NordFX has over 40 currency pairs, 6 metals, 10 cryptocurrencies, 11 indices and 70 stocks available for trading.
RoboMarkets offers trading services for forex, stocks, indices, ETFs, commodities, cryptocurrencies and more. RoboMarkets has over 40 currency pairs, 12 metals, 8 commodities, 36 cryptocurrencies, 12 indices, over 12,000 stocks and over 1,000 ETFs available for trading.
NordFX vs RoboMarkets Trading Fees Comparison
NordFX charges different fees depending on the account type and the trading instrument. NordFX has four account types: Fix (fixed spreads from 2 pips), Pro (variable spreads from 0.9 pips), Zero (variable spreads from 0 pips plus commission) and Stock (fixed spreads from 0.01 USD plus commission). NordFX also charges swap fees for holding positions overnight.
RoboMarkets charges different fees depending on the account type and the trading instrument. RoboMarkets has six account types: Pro-Standard (variable spreads from 1.3 pips), Pro-Cent (variable spreads from 1.3 pips), ECN-Pro (variable spreads from 0 pips plus commission), Prime (variable spreads from 0 pips plus commission), R Trader (fixed spreads from $0.01 plus commission) and Pro-Affiliate (variable spreads from 1.3 pips). RoboMarkets also charges swap fees for holding positions overnight.
NordFX vs RoboMarkets Account Types Comparison
NordFX has four account types: Fix (minimum deposit $10, maximum leverage 1:1000), Pro (minimum deposit $250, maximum leverage 1:1000), Zero (minimum deposit $500, maximum leverage 1:1000) and Stock (minimum deposit $500, maximum leverage 1:5). NordFX allows scalping, hedging and automated trading on all account types except Stock.
RoboMarkets has six account types: Pro-Standard (minimum deposit $10, maximum leverage 1:2000), Pro-Cent (minimum deposit $10, maximum leverage 1:2000), ECN-Pro (minimum deposit $100, maximum leverage 1:300), Prime (minimum deposit $5,000, maximum leverage 1:100), R Trader (minimum deposit $100, maximum leverage 1:200) and Pro-Affiliate (minimum deposit $10, maximum leverage 1:2000). RoboMarkets allows scalping, hedging and automated trading on all account types except R Trader.
NordFX vs RoboMarkets Deposit Options Comparison
NordFX accepts various deposit and withdrawal methods, such as bank wire, credit/debit cards, Skrill, Neteller, WebMoney, Perfect Money, QIWI, Yandex.Money, PayToday, NganLuong and more. NordFX does not charge any fees for deposits or withdrawals, but some payment systems may charge their own fees.
RoboMarkets accepts various deposit and withdrawal methods, such as bank wire, credit/debit cards, Skrill, Neteller, WebMoney, FasaPay, Perfect Money, QIWI, Yandex.Money, AdvCash and more. RoboMarkets does not charge any fees for deposits or withdrawals, but some payment systems may charge their own fees.
NordFX vs RoboMarkets Trading Platforms Comparison
NordFX offers two trading platforms: MetaTrader 4 and MetaTrader 5. MetaTrader 4 is a popular and user-friendly platform that supports multiple order types, technical analysis tools, automated trading systems and mobile trading. MetaTrader 5 is an advanced and multi-functional platform that supports more instruments, order types, indicators, trading robots and market depth analysis. NordFX also offers a web-based platform called NordFX Trader.
RoboMarkets offers three trading platforms: MetaTrader 4, MetaTrader 5 and R Trader. MetaTrader 4 and MetaTrader 5 are similar to the ones offered by NordFX. R Trader is a web-based platform that supports trading over 12,000 stocks and 1,000 ETFs from US exchanges. R Trader also features a built-in strategy builder and a robo-advisor service.
NordFX vs RoboMarkets Analytical Tools Comparison
NordFX provides various analytical tools for its clients, such as economic calendar, market news, trading signals, technical analysis tools and educational materials. NordFX also offers a personal account manager and a customer support service available 24/5 via phone, email and live chat.
RoboMarkets provides various analytical tools for its clients, such as economic calendar, market news, trading signals, technical analysis tools and educational materials. RoboMarkets also offers a personal account manager and a customer support service available 24/7 via phone, email and live chat.
NordFX vs RoboMarkets. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on your personal preferences, trading goals, risk appetite and other factors.
You should compare the features, fees, platforms and services of different brokers and decide which one suits you best. You can use the information I provided earlier for your reference, but you should also do your own research and appraisal.
