Two brokers clash over trust, cost, and platform choice. The axis centers on regulation and pricing versus instrument breadth and proprietary platforms.
IC Markets edges RoboForex on the overall score due to top-tier regulation and true ECN pricing.
Find out which broker best suits your trader profile.
Choose IC Markets if…
Choose IC Markets if you want top-tier regulators, investor compensation, and true ECN pricing with $7/lot commissions.
Choose RoboForex if…
Choose RoboForex if you accept offshore regulation, very high leverage up to 2000:1, and a proprietary platform.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Both brokers offer spreads from 0.00 pips.
| Editorial score | 4.7/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.6 / 5▲ | 3.6 / 5 |
Pros
True ECN routing with raw 0.0 pip spreads
All three major platforms (MT4, MT5, cTrader)
Deep liquidity from 25+ tier-1 sources
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | IC Markets | RoboForex |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Fail |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Fail |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
IC Markets rates 4.7/5 versus 4/5 for RoboForex. IC Markets edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
Both IC Markets and RoboForex start from 0 pips, making them equivalent on this metric. Compare commissions and account types to evaluate total trading costs.
RoboForex has $10, while IC Markets requires at least $200. This makes RoboForex more accessible for traders with limited starting capital.
IC Markets holds top-tier regulation (ASIC, FSCA, CySEC), providing stronger investor protections. RoboForex may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
For beginners, two factors stand out: RoboForex requires a lower minimum deposit ($10), lowering the barrier to entry, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
IC Markets lists maximum leverage of 500:1, while RoboForex lists up to 2000:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
IC Markets charges $7 per lot, lower than RoboForex's $20 per lot. Lower commissions benefit active traders who execute many trades per day.
IC Markets supports cTrader, MetaTrader 5, TradingView, MetaTrader 4, while RoboForex supports cTrader, MetaTrader 5, Proprietary Web/Mobile, MetaTrader 4. Both provide cTrader and MetaTrader 5 and MetaTrader 4. IC Markets has exclusive access to TradingView. RoboForex has exclusive access to Proprietary Web/Mobile.
IC Markets wins for safety and regulation due to ASIC/CySEC/FSCA and investor compensation.
RoboForex offers higher leverage up to 2000:1 for aggressive strategies.
IC Markets is better suited for scalpers: lower commission ($7/lot).
RoboForex offers a proprietary R Trader and Level II cTrader.
Fees & Spreads 30% weight | 5.0 / 5▲ | 3.9 / 5 |
|---|
Platforms & Tools 20% weight | 4.6 / 5▲ | 4.2 / 5 |
|---|
Customer Support 10% weight | 4.5 / 5▲ | 4.0 / 5 |
|---|
| Founded | 2007 | 2009 |
|---|
| Headquarters | Sydney, Australia | Belize City, Belize |
|---|
| Min Deposit | $200 | $10▼ lower |
|---|
| Spreads From | 0 pips | 0 pips |
|---|
| Commission / lot | $7/lot▼ lower | $20/lot |
|---|
| 0.7 pips▼ lower | 2 pips |
| Max Leverage | 500:1▲ higher | 2,000:1 |
|---|
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNetellerPayPal | Bank transferCredit cardDebit cardSkrillNetellerWebMoneyPerfect MoneyCrypto |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNeteller | Bank transferCredit cardSkrillNetellerWebMoneyPerfect MoneyCrypto |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | ASIC FSCA CySEC | FSCA CySEC IFSC |
|---|
| Platforms | cTrader MetaTrader 5 TradingView MetaTrader 4 | cTrader MetaTrader 5 Proprietary Web/Mobile MetaTrader 4 |
|---|
| Active bonuses |
|---|
Negative balance protection
Investor compensation scheme coverage
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
12,000+ instruments including real stocks and ETFs
cTrader available with full Level II and cAlgo
Multiple account types from Cent to ECN
R Trader proprietary platform with built-in analytics
Client funds held in segregated accounts
Negative balance protection
Raw spread account available
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Cons
Not available to US residents
Higher minimum deposit than IG/OANDA
No proprietary platform
Cons
Primary entity uses IFSC Belize, offshore, limited protection
ECN commission of $20 round-turn is higher than IC Markets ($7)
Very high leverage (2000:1) amplifies risk significantly
No top-tier regulatory licence
No investor compensation scheme
Dig deeper into each broker’s features, fees, and regulation.
Score 4 / 5
Personalised recommendation
Answer 6 quick questions and we’ll match you with the brokers that best fit your trading style, experience level, and country.
Find my broker