RoboForex vs IC Markets: Pick Up the Best One

These two sources are among the most commonly used within the Forex community. Besides, their terms of use and fees are pretty comparable. Hence, for an average trader, choosing between them is a complicated task. So, we offer you to take advantage of our review to cope with that with minimum effort.

Let us start with basic descriptions. So, RoboForex is a global broker, which is known for its high-tech approach and extended automated trading functionality in the first place. Namely, it supplies such handy features as copy trading, expert advisors, and creating personalized bots. Another crucial advantage is a large variety of trading platforms — in addition to standard options like MT4, MT5, and cTrader, it has introduced two proprietary terminals. Speaking about IC Markets, it is valued for the highest trade volume, unmatched speed of execution, and cheap ECN fees.

Now, to explain to you the key differences between RoboForex vs IC Markets, let us discuss their features in more detail.

RoboForex:

·         about 9,000 assets, but only 36 currency pairs;

·         leverage — up to 1:2000;

·         2 account currencies;

·         minimum deposit — $10;

·         average spreads for EURUSD: ECN account — 0.1 pips, Standard one — 1.4 pips;

·         ECN account fee — $2 per lot, Standard one — $0;

·         copy trading;

·         highly functional trading terminals;

·         a bot creator;

·         numerous expert advisors to choose from;

·         cheap commissions (including non-trading ones);

·         immediate withdrawing;

·         a favorable environment for beginners: demo trading, a cent account, a huge selection of educational content;

·         premium analytics for VIP users;

·         licensing by CySec and FSC;

·         a referral program, a $30 welcome bonus, 120% deposit bonuses.

IC Markets:

·         over 2000 assets and over 60 currency pairs;

·         leverage — up to 1:500;

·         10 account currencies;

·         minimum deposit — $200;

·         low ECN fees;

·         order execution speed — less than 40 ms;

·         average spreads for EURUSD: ECN account — 0.02 pips, Standard one — 0.62 pips;

·         ECN account fee — $3 per lot, Standard one — $0;

·         VPS is provided for free;

·         professional account management —

·         a demo account, but no cent account;

·         the largest client base on the market;

·         authorization by FCA, CySec, AFCA;

·         it offers a referral program, but no other bonuses;

In sum, we can say that both brokerage platforms are worth your attention. Meanwhile, if you are a beginner, we would advise you to opt for RoboForex as it imposes much lower minimum deposit demands, offers a hefty welcome bonus and provides access to a cent account and a broad range of automated trading tools. On the other hand, active seasoned traders will find numerous advantages in IC Markets: strict regulation, extremely high execution speed, advanced liquidity, and cheaper fees.