IC Markets vs Roboforex, Who's Better?
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IC Markets Rating
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Roboforex Rating
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Losses can exceed deposits |
58.42% of retail investor accounts lose money when trading CFDs with this provider. |
IC Markets vs Roboforex Guide |
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Read our In-Depth IC Markets vs Roboforex Review - 2023 Update
This IC Markets vs Roboforex review has been updated for 2023 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this IC Markets vs Roboforex review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
Roboforex Excluded Countries
United States of America, and Japan.
Compare IC Markets vs Roboforex
Every online trading platform will have some ups and downs, and no IC Markets and Roboforex review would be complete without showing both sides. Compare IC Markets and Roboforex to understand how they stack up against each other before you open an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
So you are looking for a professional broker and are choosing between IC Markets or Roboforex. Who should you choose?
This IC Markets vs Roboforex comparison contains the latest information so you can easily compare Roboforex against IC Markets.
If you're a new entrant in the realm of trading and brokers, so many facts will be confusing for you. Getting into the world of trading requires expert analyzing skills and comprehensive knowledge. You'll acquire adept at all of the concepts of brokerage since you keep trading. For starters, you have to choose the ideal agent who'll be transparent with you constantly.
In this fast-paced world of stock markets and trading, you'll need advice to make proper decisions. A professionally lead investment program has the potential to create hefty returns. IC Markets and Roboforex are just two such trading platforms that will take you and your investment into great heights. It's important to compare IC Markets vs Roboforex before you trust them with your cash.
Our IC Markets vs Roboforex comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and Roboforex side by side.
Our entire IC Markets vs Roboforex Review covers all you need to learn about trading with either IC Markets or Roboforex. A fantastic broker can multiply your first investments and provide you positive profits. If you want to earn profits, you must trade with a brokerage service that aligns with your investing objectives.
There is no sure-fire way to guarantee profits; thus, you must carefully analyze your agent before you choose them. It's a common misconception that all agents are exactly the same, but that's not true. Wrong judgment, initially, can put your investments at risk.
IC Markets and Roboforex are both brokers which have paved their way successfully to the brokerage world. Within this review, we have tried to collate some of the important facets of both IC Markets and Roboforex. This review will allow you to understand whether either Roboforex or IC Markets is a fantastic match for your own investments or not. We've tried to breakdown all of the features and charges for your convenience.
Benefits of IC Markets and Roboforex Compared
IC Markets offers a minimum deposit of $200 while Roboforex offers a $1 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and Roboforex compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
IC Markets has around 232 financial instruments whilst Roboforex allows you to trade around 232 financial instruments on their platform.
The more financial instruments you can trade on the IC Markets and Roboforex trading platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of IC Markets or Roboforex.
IC Markets and Roboforex Contact Details
Being able to contact your broker easily is a sign of a professional broker. IC Markets and Roboforex have the following contact details and social medias that you can use.
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| Broker | IC Markets | Roboforex |
| Telephone Number | +248 467 19 76 | +65 3158 8389 |
| support@icmarkets.com | info@roboforex.com | |
| Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | Soboh House 377, 28th October Street, office #1, Limassol, Limassol 3107 |
| IC Markets Twitter Account | Roboforex Twitter Account | |
| IC Markets Facebook Page | Roboforex Facebook Page | |
| IC Markets Instagram Account | Roboforex Instagram Account | |
| IC Markets LinkedIn Page | Roboforex LinkedIn Page | |
| YouTube | IC Markets YouTube Channel | Roboforex YouTube Channel |
| Find Out More |
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Roboforex and IC Markets Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
In this part of our comparison of IC Markets and Roboforex we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of both apps as better than average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
While most brokers are good at this, there are some poor ones. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
IC Markets vs Roboforex - Awards
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| Broker | IC Markets | Roboforex |
| Awards |
IC Markets have won numerous industry awards over the years they have been running as a financial broker. We detail the most recognised awards for IC Markets here.
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Roboforex have won several industry awards over the time they have been operating as an online broker. We detail the most recognised awards for Roboforex here.
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IC Markets vs Roboforex - Frequently Asked Questions
IC Markets vs Roboforex - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its headquaters in Australia.
Roboforex was founded in 2009 and has its head office in Cyprus.
What is the minimum deposit for Roboforex or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for Roboforex is $1.
Depending on your current situation, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both IC Markets and Roboforex are a good choice.
IC Markets vs Roboforex - Regulation And Licencing In More Detail
IC Markets is regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).
Roboforex is regulated by Cyprus Securities and Exchange Commission (CySEC), IFSC Belize license No. 000138/210, Member of the Financial Commission Compensation Fund..
Both IC Markets and Roboforex have a strong collection of rules for ensuring fair trading onto their individual platforms. For information encryption functions, they supply industry-standard secure socket layers (SSL).
As per their own privacy policies, customer data is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare IC Markets vs Roboforex Commission And Fees
IC Markets and Roboforex are online brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the businesses of online trading platforms are scaled better. That is, an online broker isn't necessarily affected by the number of customers they have.
However, this doesn't necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to earn money. There are primarily three types of penalties for this objective.
The first kind of charges to keep an eye out for are trading charges. Whenever you make an actual trade, like buying a stock or an ETF, you are charged trading charges. In these instances, you're paying a spread, financing speed, or even a commission. The sorts of trading fees and the rates vary from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the other hand, a spread refers to the difference between the buying and selling cost. Funding or overnight rates are those that are billed when you maintain a leveraged position for longer than a day.
Apart from trading charges, online agents also bill non-trading fees. These are determined by the actions you undertake on your account. They are charged for surgeries like depositing money, not investing for long periods, or withdrawals.
In general, neither IC Markets or Roboforex charge high fees compared to other online brokers. For operations other agents fee for, they do not charge a broker fee, or they charge a smaller sum. This can be beneficial for people who often trade, such as daily or weekly trading.
However, non-trading fees charged by IC Markets and Roboforex are relatively higher. Consequently, you're billed more for non-trading actions on your trading accounts, such as deposits and withdrawal. These aren't related to the sale and purchase of resources.
This IC Markets vs Roboforex review for 2023 breaks down every one of the applicable non-trading fees for you in detail.
Compare Broker Fees For IC Markets And Roboforex
What Languages Do IC Markets And Roboforex Support?
Being able to chat completely with your online broker is a key element when comparing brokers to find the best broker. Not only for support but to be sure you completely understand everything on their website and inside their application as it is a key factor to success when trading online.
Here you will find the languages that both IC Markets and Roboforex offer communication in.
How Many Clients Do IC Markets and Roboforex Have?
Both IC Markets and Roboforex are well known and trusted. It is really important to work with a broker you can trust and one of the easiest ways of establishing this is by knowing how many customers they already work with.
Below you will find details of how many users IC Markets and Roboforex are active on their platform
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| Broker | IC Markets | Roboforex |
| Clients / Users | 60,000+ | 10,000+ |
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What Payment Methods Do IC Markets and Roboforex Accept?
IC Markets and Roboforex both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at IC Markets and Roboforex
What Can You Trade With IC Markets and Roboforex?
IC Markets offers 232 trading instruments whilst Roboforex offers 12000.
Below you will find a full breakdown of what both IC Markets and Roboforex offer.
Compare IC Markets To All Other Brokers
Compare Roboforex To All Other Brokers