RoboForex is an effective forex broker that has been giving its customers access to the financial markets for many years. The broker keeps moving forward in creating and providing clients new services for trading forex and capital investing. In addition, it is likely the only business with a comprehensive line of internally developed software solutions appropriate for investing and trading. On the other hand, we have IC Markets. Due to its daily execution of over 500,000 orders and daily turnover of over $15 billion in foreign exchange, IC Markets is one of the biggest forex CFD providers globally. Currently, the broker accepts clients from more than 140 different nations and boasts more than 100,000 active clients.
Features of RoboForex
Learn about the characteristics of the forex brokers by Traders Union in this RoboForex review.
- Market makers in RoboForex can trade with no commissions and a small initial deposit.
- Depending on the particular trading circumstances, RoboForex offers more stable trading spreads starting at 0 Percentage In Point (PIP).
- The RoboForex platform speeds up certain order execution types.
- RoboForex offers commodities like gold along with currency pairs like EUR USD CNY.
- RoboForex offers traders access to 7 trading asset classes as well as multi-asset features when they open an account.
- The minimum share size for users of micro accounts is 0.01.
- Users of RoboForex benefit from its “partners affiliate scheme.”
- RoboForex offers commodities and currency pairs copy trading support.
Is RoboForex Legit?
The International Financial Services Commission Belize oversees and regulates RoboForex, making it a secure website, according to user reviews (IFSC). RoboForex’s IFSC requirements are compliant with international AML standards. So when you start trading with RoboForex, your money is completely secure. We have got the answer of our question: Is RoboForex legit or not.
RoboForex Vs IC Markets
RoboForex Vs IC Markets – Customer Support Compared
In business, customer support is crucial. Even experienced traders will occasionally require IC Markets or RoboForex assistance. This is particularly accurate for traders who are just getting started. You should check that IC Markets and RoboForex assistance has always been accessible if you are just starting. Customer support from IC Markets and RoboForex is not only helpful. The success of your trading depends on it.
- Live Chat
Live chat is crucial for a number of reasons. This is due to the fact that when a problem arises, it is comforting to know that it may be resolved right away. Additionally, speaking with someone in person rather than over a series of emails is much less frustrating. While RoboForex does not provide live chat support, IC Markets does. IC Markets does provide live chat assistance. RoboForex, on the other hand, does not provide live chat support.
- Email Support
Email support is also very helpful when able to trade CFDs, stocks, commodity markets, currencies, cryptocurrencies, or other financial instruments with IC Markets or RoboForex. You might occasionally have a more complicated query that calls for a specific member of the IC Markets or RoboForex support staff to provide an adequate response. At this point, email support for RoboForex and IC Markets will be required. RoboForex and IC Markets both provide email support.
- Phone Support
Even though most questions can be answered over the phone, it’s nice to be able to explain our situation to a real person at IC Markets or RoboForex. We can avoid a lot of effort and frustration by getting right to the point. Unfortunately, phone support is not available from IC Markets. However, RoboForex does provide phone support.
Which one has the better spread?
Given that expansion is a trading expense, it is better for traders when the spread is lower. However, since not every broker publishes their spread data in a transparent manner, it can be difficult to obtain spread information among brokers. Nevertheless, traders can still select the best brokers based on the nature of their spreads. Fixed and variable spreads are the two most widely used varieties. The advantages and disadvantages of the two spreads can differ for every trader. In this instance, IC Markets provides Variable spread while RoboForex offers Fixed spread pricing.