IG Markets vs RoboForex: Comparison and Analysis

IG Markets vs RoboForex: A Comprehensive Comparison Summary

Security

IG Markets is regulated by multiple reputable authorities including FCA, ASIC, FMA, and more, with a security rating of 98. On the other hand, RoboForex is regulated by IFSC, with a security rating of 84. While both brokers adhere to regulatory standards, IG Markets offers a higher level of security.

Winner: IG Markets

Demo Accounts

IG Markets provides an unlimited duration demo account with virtual funds of $30,000. The demo account can be restored by contacting customer support. RoboForex also offers unlimited demo accounts, allowing you to open as many as you need, with virtual funds of up to $1,000,000.

Winner: RoboForex

Account Opening

The minimum deposit for most countries is $300 for IG Markets, while RoboForex requires a minimum deposit of $10 for most accounts. IG Markets supports multiple account currencies including USD, GBP, and EUR, while RoboForex offers USD and EUR as options. Both brokers accept wire transfers, credit/debit cards, and eWallets as payment methods. IG Markets offers a wider range of account types to cater to different trading needs, including standard, limited risk, spread betting, and more.

Winner: IG Markets

Social-Copy Trading

IG Markets does not offer social or copy trading features. In contrast, RoboForex provides social-copy trading, allowing users to follow and copy the trades of successful traders. This feature can be beneficial for beginners or those looking for automated trading strategies.

Winner: RoboForex

Markets

IG Markets offers a vast range of markets with 90 forex pairs, 35 commodities, 80+ indices, 12 crypto assets, over 16,000 stocks, and 5,400+ ETFs. Additionally, they provide futures and options trading on 30+ instruments. RoboForex, on the other hand, offers 40+ forex pairs, 100 commodities, 10+ indices, 33 crypto assets, over 12,000 stocks, and 1,000+ ETFs. With the R Trader platform, RoboForex expands its offerings to include more than 3,000 real stocks of American companies and over 8,400 CFDs on US stocks. While both brokers have extensive market coverage, IG Markets offers a larger selection of forex pairs, indices, and stocks.

Winner: IG Markets

Trading Fees

Both brokers offer variable spreads, but the specifics vary. IG Markets provides spreads starting from 0.6 pips on forex, while RoboForex offers spreads from 0 pips depending on the account type. For stock commissions, IG Markets offers $0 commission on real US stocks for certain traders, whereas RoboForex charges $0.01 for US stocks, 0.2% for EU stocks, and from $1.5 for ETFs.

Winner: RoboForex

Platforms

IG Markets offers a proprietary platform available via web and desktop, L2 Dealer designed for stockbroking, ProRealTime platform for advanced chart analysis, and MetaTrader 4 (MT4) available on multiple devices. RoboForex provides MetaTrader 4 and MetaTrader 5, cTrader, and R Trader platforms, all available on desktop, web, and mobile devices. Both brokers offer a variety of platforms to suit different trading preferences.

Winner: Tie

Education/Customer Care

IG Markets provides extensive educational materials suitable for every trader, including a dedicated Academy App. Their customer care is easily accessible via phone, email, and live chat, available in over 13 languages. RoboForex offers high-quality education materials such as tutorials, webinars, and guides. They also provide 24/7 customer service through live chat, phone, and email.

Winner: Tie

Conclusion

In conclusion, IG Markets and RoboForex each have their strengths. IG Markets excels in security, account opening options, market coverage, and trading fees on stocks. On the other hand, RoboForex stands out with its social-copy trading feature and lower minimum deposit requirement. Ultimately, the choice between the two brokers depends on your specific trading preferences and priorities.

Winner: Tie