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FXCM vs RoboForex (RoboMarkets) 2023

ForexBrokers.com

Written by ForexBrokers.com

August 29, 2023

Is FXCM better than RoboForex (RoboMarkets)? In our analysis of 23 international regulators across 62 of the best forex brokers, FXCM is considered Highly Trusted, with an overall Trust Score of 95 out of 99. RoboForex is considered Average-Risk, with an overall Trust Score of 71 out of 99. Learn more about Trust Score.

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Compare

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Overall Rating FXCM RoboForex (RoboMarkets)
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 3.5/5 Stars
Offering of Investments 3.5/5 Stars 5/5 Stars
Platform & Tools 5/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Education 4/5 Stars 3/5 Stars
Trust Score info 95 71
Winner check_circle
Review FXCM Review
Broker Screenshots FXCM RoboForex (RoboMarkets)
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation FXCM RoboForex (RoboMarkets)
Trust Score info 95 71
Year Founded info 1999 2009
Publicly Traded (Listed) info Yes No
Bank info No No
European Union Authorised (MiFID) info Yes info Yes info
Tier-1 Licenses info 4 1
Tier-2 Licenses info 2 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 2
Tier-1 Licenses (Highly Trusted) FXCM RoboForex (RoboMarkets)
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
European Union Authorised (MiFID) info Yes info Yes info
Tier-2 Licenses (Trusted) FXCM RoboForex (RoboMarkets)
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info Yes No
South Africa (FSCA Authorised) info Yes No
UAE (DFSA/Central Bank Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments FXCM RoboForex (RoboMarkets)
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 440 12000
Forex Pairs (Total) info 41 36
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
Cost FXCM RoboForex (RoboMarkets)
Average Spread EUR/USD - Standard info 1.38 info 1.4 info
All-in Cost EUR/USD - Active info 1.38 info N/A
Active Trader or VIP Discounts info Yes Yes
Inactivity Fee info Yes No
Execution: Agency Broker info Yes No
Execution: Market Maker info Yes Yes
Funding FXCM RoboForex (RoboMarkets)
Minimum Deposit info Starts from $50 $100
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Trading Platforms FXCM RoboForex (RoboMarkets)
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No Yes
cTrader info No No
DupliTrade info No No
ZuluTrade info Yes info No
Trading Tools FXCM RoboForex (RoboMarkets)
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 13 7
Charting - Indicators / Studies (Total) info 59 30
Charting - Drawing Tools (Total) info 10 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading FXCM RoboForex (RoboMarkets)
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 59 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Forex Calendar info Yes Yes
Research FXCM RoboForex (RoboMarkets)
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central (Recognia) info Yes No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education FXCM RoboForex (RoboMarkets)
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes No
Major Forex Pairs FXCM RoboForex (RoboMarkets)
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review FXCM Review
Overall FXCM RoboForex (RoboMarkets)
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 3.5/5 Stars
Offering of Investments 3.5/5 Stars 5/5 Stars
Platform & Tools 5/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Education 4/5 Stars 3/5 Stars
Trust Score info 95 71
Winner check_circle
Review FXCM Review
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FXCM vs RoboForex (RoboMarkets) Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare FXCM vs RoboForex (RoboMarkets).

Does FXCM or RoboForex (RoboMarkets) offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, FXCM offers better pricing overall for traders.

Is FXCM or RoboForex (RoboMarkets) safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. FXCM holds 4 global Tier-1 licenses, while RoboForex (RoboMarkets) holds 1. FXCM holds 2 global Tier-2 licenses, while RoboForex (RoboMarkets) holds 0. In our analysis of 23 international regulators across 50 brokers, FXCM (95) earned a higher Trust Score than RoboForex (RoboMarkets) (71).

Which trading platform is better: FXCM or RoboForex (RoboMarkets)?

To compare the trading platforms of both FXCM and RoboForex (RoboMarkets), we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, FXCM offers a better experience. With research, FXCM offers superior market research. Finally, we found FXCM to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both FXCM and RoboForex (RoboMarkets) offer MetaTrader 4 (MT4).FXCM and RoboForex (RoboMarkets) both offer copy trading.

How many forex pairs and CFDs are available to trade?

FXCM provides traders 41 currency pairs (e.g., EUR/USD) compared to RoboForex (RoboMarkets)'s 36 available pairs. Forex pairs aside, RoboForex (RoboMarkets) offers traders access to 12000 CFDs while FXCM has 440 available CFDs, a difference of 11560.

Can I trust FXCM?

FXCM's parent company is publicly-traded, does not operate a bank, and is authorised by four Tier-1 regulators (Highly Trusted), two Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and zero Tier-4 regulators (High Risk). FXCM is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC), Financial Conduct Authority (FCA), Canadian Investment Regulatory Organization (CIRO), and the European Union via MiFID.

Can I trust RoboForex (RoboMarkets)?

RoboForex is not publicly traded and does not operate a bank. RoboForex is authorised by one Tier-1 regulator (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and two Tier-4 regulators (High Risk). RoboForex is authorised by the following tier-1 regulator: European Union Authorized (MiFID).

Is FXCM good?

For traders who appreciate advanced trading tools and quality market research, FXCM is a winner, especially for algorithmic trading. Its range of tradeable markets is fairly narrow, however, and the pricing at FXCM is just average.

Is RoboForex (RoboMarkets) good?

RoboForex (RoboMarkets in the EU) has amassed 12,000 symbols that you can trade across its MetaTrader and cTrader platforms, as well as a stock trading app. That said, with just a few regulatory licenses, the RoboForex and its RoboMarkets brands trail behind the best forex brokers when it comes to their Trust Score.

Overall winner: FXCM

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We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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