Compare Brokers
We help you pick the best broker for your needs with our broker comparison tool. Select 2 brokers and see exactly what makes them different.
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RoboForex
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IC Markets
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RoboForex is a registered online broker since 2009 under the IFSC in Belize. Traders can select from five different account types (Prime, ECN, R StocksTrader, ProCent, Pro). These accounts allow trades starting from 0.01 lots and offer spreads beginning from 0 pips. In addition to the original service, RoboForex has expanded its platform by introducing the trading of CFDs and by developing a stock trading platform, including the CopyFX system. | IC Markets is a renowned forex and CFD broker recognized for its high-quality pricing, extensive range of trading tools, and superior trading technology. Established in 2007 in Australia, it operates under the oversight of ASIC, CySEC, and FSA. It has drawn in over 180,000 traders from across 200 countries. | |
| Instruments | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto |
| Demo Account | ✓ | ✓ |
| Minimum Deposit | $10 | $200 |
| Trading Platforms | R StocksTrader, MT4, MT5, TradingView | MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower |
| Payment Methods | Alipay, AstroPay, Cashu, ecoPayz, Giropay, iDeal, MoneyGram, Neteller, Perfect Money, POLi, Rapid Transfer, SafeCharge, Skrill, Sofort, Trustly, Vietcombank Transfer, Visa, Volet, WeChat Pay, Wire Transfer | BPAY, Credit Card, Klarna, Mastercard, Neteller, PayPal, POLi, Rapid Transfer, SafeCharge, Skrill, Swift, UnionPay, Visa, Wire Transfer |
| Minimum Trade | 0.01 Lots | 0.01 Lots |
| Regulator | IFSC | ASIC, CySEC, CMA, FSA |
| Account Currencies | USD, EUR | USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD |
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| Mobile Apps | iOS & Android, R StocksTrader | iOS & Android |
| App Review | RoboForex offers excellent iOS and Android platforms for short-term trading, including MT4 and MT5. The R StocksTrader app impresses with its wide stock and ETF options, portfolio analytics, customizable watchlists, an events tracker, and fast, reliable trading. However, it lacks the popular cTrader app preferred by many traders. | IC Markets offers mobile apps for their cTrader, MT4, MT5, and TradingView platforms on Android and iOS. Designed specifically for each system, the apps use all available features. With raw pricing and spreads from 0.0, they provide a strong trading tool for all skill levels. Notably, they maintain IC Markets' renowned fast execution speed. The apps offer a seamless and professional trading experience. |
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| Margin Trading | ✓ | ✓ |
| Account Types | STP, ECN, MAM, LAMM | ECN, DMA, MAM, PAMM |
| AI / Machine Learning | ✗ | ✗ |
| Robo Advisor | ✗ | ✗ |
| Negative Balance Protection | ✓ | ✓ |
| Market Maker | ✗ | ✗ |
| P2P Trading | ✗ | ✗ |
| Spot Trading | ✓ | ✓ |
| Auto Trading | Expert Advisors (EAs) on MetaTrader, Strategy Builder in R StocksTrader | Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade |
| Copy Trading | ✓ | ✓ |
| Copy Trading Platform | RoboForex’s CopyFX service is tailored for currency traders, offering flexible fund control. The 'Rating' view presents useful metrics on master traders, such as profit/loss, maximum drawdown, balance, and number of trades over periods from 1 week to 6 months. However, the signup process and resources are complex, which might confuse new investors, and the interface lacks the smooth experience offered by leaders like eToro. | Introduced in February 2023, the IC Social app provides an easy way to learn, share, and replicate the positions of other traders quickly. The app includes risk management tools and supports trading groups. IC Markets also offers access to Signal Start and popular third-party copy trading platforms like ZuluTrade and cTrader Copy. |
| Social Trading | ✓ | ✓ |
| Trade Signals | ✓ | Signal Start |
| VPS Hosting | ✓ | ✓ |
| Tournaments | ✗ | ✗ |
| Demo Competitions | ✓ | ✗ |
| Ethical Investing | ✗ | ✗ |
| Custodial Account | ✗ | ✗ |
| Guaranteed Stop Loss | ✗ | ✗ |
| Inactivity Fee | $0 | $0 |
| Islamic Account | ✓ | ✓ |
CFD Trading | ||
RoboForex provides over 12,000 CFDs, which include forex, stocks, indices, commodities, futures and ETFs. Traders can start with a $10 deposit and enjoy high leverage of up to 1:2000. Despite its offerings, RoboForex has slower execution speeds of 1-3 seconds, compared to IC Market's 0.35 seconds. This could affect traders who employ quick strategies. | You can trade over 2,250 CFDs 24/5 in various markets like forex, commodities, indices, stocks, and bonds. IC Markets uses high-level technology and liquidity to provide the best conditions for scalpers, hedgers, and algorithmic traders. | |
| Leverage | 1:2000 | 1:30 (ASIC & CySEC), 1:1000 (FSA) |
| FTSE Spread | 1.0 | |
| GBPUSD Spread | 0.4 | 0.23 |
| Oil Spread | 1.7 | 0.03 |
| Stocks Spread | 0.01 | 0.02 |
Forex Trading | ||
RoboForex provides trading options for over 30 currency pairs. It also has competitive average spreads of 0.1 pips on the EUR/USD for Prime and ECN accounts. Traders can start using the CopyFX system, a tool that replicates the strategies of experienced traders, with just a $100 minimum investment. | IC Markets offers extremely low 0.0-pip forex spreads on major currency pairs like EUR/USD, making it an ideal choice for those seeking excellent execution, which averages at 35 milliseconds. Moreover, high-volume traders can enjoy rebates up to $2.50 per forex lot. | |
| GBPUSD Spread | 0.4 | 0.23 |
| EURUSD Spread | 0.1 | 0.02 |
| EURGBP Spread | 0.4 | 0.27 |
| Assets | 30+ | 75 |
Cryptocurrency Trading | ||
IC Markets provides 20+ cryptocurrencies for trading through CFDs, featuring less popular tokens like Avalanche, Kusama, and Uniswap. Traders can benefit from commission-free trades and high leverage up to 1:200 on the MetaTrader platforms. | ||
| Crypto Spread | Variable | BTC 42.036 |
| Crypto Coins | No | BTC, BCH, DOT, DSH, EMC, EOS, ETH, LNK, LTC, NMC, PPC, XLM, XRP, ADA, BNB, DOG, UNI, XTZ |
| Crypto Lending | ✗ | ✗ |
| Crypto Mining | ✗ | ✗ |
| Crypto Staking | ✗ | ✗ |
| Auto Market Maker | ✗ | ✗ |