IC Markets vs Roboforex, Who's Better?
IC Markets Rating
Losses can exceed deposits
58.42% of retail investor accounts lose money when trading CFDs with this provider.
IC Markets vs Roboforex Guide
Read our In-Depth IC Markets vs Roboforex Review - 2024 Update
Our IC Markets vs Roboforex review has been updated to reflect any changes for 2024 from industry experts boasting considerable expertise across CFDs, Forex, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of IC Markets vs Roboforex 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
Each trading platforms has some ups and downs, and any comprehensive IC Markets and Roboforex review cannnot be complete without having an objective perspective.
Examine IC Markets and Roboforex in order to understand just how they compare against each other prior to you choose to create an account. A side-by-side comparison will place factors in perspective in order that you remain informed about what you should anticipate.
So you are looking for a professional broker and are choosing between IC Markets or Roboforex. Which one is best in 2024?
Our IC Markets vs Roboforex comparison contains the most recent information so you can easily compare Roboforex against IC Markets.
If you are a new entrant in the world of trading and brokerages, so many facts will be confusing for you. Getting into the area of trading demands expert assessing skills and thorough understanding. You'll acquire adept at all the concepts of broker since you continue trading. For starters, you have to choose the ideal broker who'll be transparent with you always.
In this fast-paced world of stock markets and trading, you will need guidance to make proper decisions. A professionally direct investment plan has the potential to create hefty returns. IC Markets and Roboforex are just two such trading platforms which will take you and your investment into great heights. It is important to compare IC Markets vs Roboforex until 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 will need to know about trading with either IC Markets or Roboforex. A fantastic agent can multiply your initial investments and provide you favorable profits. If you want to earn profits, you must trade with a broker service that aligns with your investment goals.
There's absolutely no sure-fire way to ensure profits; therefore, you must carefully assess your agent before you select them. It is a common misconception that all agents are exactly the same, but that is not correct. Wrong judgment, initially, can put your investments at risk.
IC Markets and Roboforex are both brokers which have found their way successfully into the broker world. In this review, we have tried to collate a number of the vital facets of both IC Markets and Roboforex. This review will help you to understand whether either Roboforex or IC Markets is a fantastic fit for your investments or not. We've attempted to breakdown all the qualities and charges for your advantage.
Benefits of IC Markets and Roboforex Compared
IC Markets has 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 allows you to trade around 232 financial instruments whilst Roboforex has around 232 on their platform.
The more instruments you can trade on the IC Markets and Roboforex 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 should never 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 vital. IC Markets and Roboforex have the following contact details and social medias that you can use.
|+248 467 19 76
|+65 3158 8389
|Level 4, 50 Carrington Street, Sydney NSW 2000
|2118 Guava Street, Belama Phase 1, Belize City, Belize
|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
|IC Markets YouTube Channel
|Roboforex YouTube Channel
|Find Out More
Roboforex and IC Markets Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
This part of comparing IC Markets and Roboforex will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of the apps as Better than the average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Although most brokers do OK in this area, there are some bad apples out there. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin 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
IC Markets have won many industry awards over the time they have been operating as a financial broker. We detail the most recognised awards for IC Markets here.
Roboforex have won several industry awards over the years they have been running as an online trading platform. We list the most recognised awards for Roboforex here.
|Find Out More
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 head office in Australia.
Roboforex was founded in 2009 and has its headquaters in Belize.
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 option.
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 RoboForex Ltd is a financial brokerage company regulated by the FSC, license No. 000138/437, reg. number 128.572. Address: 2118 Guava Street, Belama Phase 1, Belize City, Belize. .
Both IC Markets and Roboforex have a powerful collection of rules for ensuring honest trading onto their platforms. For information encryption purposes, they provide industry-standard secure socket layers (SSL).
In accordance with their individual privacy policies, customer information is to not be shared with any other institutions or individuals. Including credit history and other financial details.
Compare IC Markets vs Roboforex Commission And Fees
IC Markets and Roboforex are online brokerage platforms, and many online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the companies of online brokerages are scaled better. That is, an online broker isn't necessarily affected by the number of customers they have.
But this doesn't necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to make money. There are primarily 3 different types of penalties for this purpose.
The first sort of charges to look out for are trading charges. When you make a genuine trade, like purchasing a stock or an ETF, you're billed trading charges. In such cases, you're spending a spread, funding speed, or even a commission. The kinds of trading charges and the prices differ from broker to broker.
Commissions can be fixed or dependent on the traded quantity. On the flip side, a spread refers to the difference between the buying and selling cost. Financing or overnight rates are people who are billed when you hold a leveraged position for more than daily.
Aside from trading charges, online brokers also charge non-trading fees. These are dependent on the activities you undertake on your account. They are billed for operations like depositing cash, not investing for lengthy periods, or withdrawals.
In general, neither IC Markets or Roboforex charge high fees in comparison to other online brokers. For operations other agents fee for, they either do not charge a broker fee, or they charge a lesser amount. This can be beneficial for people who often exchange, such as weekly or daily trading.
However, non-trading fees billed by IC Markets and Roboforex are relatively higher. Consequently, you are billed more for non-trading activities in your trading accounts, like deposits and withdrawal. These are not related to the purchase and sale of assets.
This IC Markets vs Roboforex review for 2024 breaks down each of the applicable non-trading charges 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 platform is a key element when comparing online brokers to find the best trading partner. Not only for support but to ensure you completely understand everything on their site and inside their application as it is a key part of success when trading forex.
Here you will find all the languages that both IC Markets and Roboforex support.
How Many Clients Do IC Markets and Roboforex Have?
Both IC Markets and Roboforex are well established with their client base. It is important to work with an online broker you can trust and one of the most simple ways of understanding this is by knowing how many clients they already work with.
Below you will find details of how many clients IC Markets and Roboforex are working with
|Clients / Users
|Find Out More
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 while Roboforex offers 12000.
Below you will find a full breakdown of what both IC Markets and Roboforex offer.
IC Markets Review
IC Markets vs Roboforex:
Table Of Contents
- Compare IC Markets vs Roboforex
- Benefits of IC Markets and Roboforex Compared
- Roboforex and IC Markets Mobile App Comparison
- IC Markets vs Roboforex - Awards
- IC Markets vs Roboforex - Frequently Asked Questions
- What is the minimum deposit for Roboforex or IC Markets
- IC Markets vs Roboforex - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And Roboforex
- What Languages Do IC Markets And Roboforex Support?
- How Many Clients Do IC Markets and Roboforex Have?
- What Payment Methods Do IC Markets and Roboforex Accept?
- What Can You Trade With IC Markets and Roboforex?