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IG vs RoboForex (RoboMarkets) 2023

BrokerNotes.co

Written by BrokerNotes.co

August 24, 2023

Trying to decide between IG and RoboForex (RoboMarkets)? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, IG ranks more highly than RoboForex (RoboMarkets).

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Compare

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Overall Rating IG RoboForex (RoboMarkets)
Overall Rating 9.9 / 10 7.3 / 10
Account Type IG RoboForex (RoboMarkets)
Standard Trade Size (100,000 units) info Yes Yes
Mini Trade Size (10,000 units) info Yes Yes
Micro Trade Size (1,000 units) info Yes Yes
Islamic Account info No Yes
Copy Trading IG RoboForex (RoboMarkets)
Social Trading / Copy Trading info No Yes
DupliTrade info No No
ZuluTrade info No No
Cryptocurrency IG RoboForex (RoboMarkets)
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Bitcoin info Yes Yes
ethereum info Yes Yes
Forex Trading (Spot or CFDs) IG RoboForex (RoboMarkets)
Forex Trading (Spot or CFDs) info Yes Yes
Mobile Trading - Forex or CFDs info Yes Yes
Indices (Index CFDs) IG RoboForex (RoboMarkets)
DAX info Yes Yes
Dow Jones info Yes Yes
FTSE info Yes Yes
NASDAQ 100 info Yes Yes
Nikkei info Yes Yes
SP 500 info Yes Yes
Investments IG RoboForex (RoboMarkets)
Forex Trading (Spot or CFDs) info Yes Yes
Spread Betting info Yes No
Social Trading / Copy Trading info No Yes
Metals info Yes Yes
Energies info Yes Yes
Agriculturals info Yes No
ETF info Yes Yes
U.S. Stocks (CFD) info Yes Yes
Trading Platforms IG RoboForex (RoboMarkets)
Apple iOS App info Yes Yes
Android App info Yes info Yes
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No Yes
Regulatory Licenses IG RoboForex (RoboMarkets)
Tier-1 Licenses info 8 1
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info Yes No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info Yes No
New Zealand (FMA Authorised) info Yes No
European Union Authorised (MiFID) info Yes info Yes info
Tier-2 Licenses info 2 0
Tier-3 Licenses info 0 0
Research, Education IG RoboForex (RoboMarkets)
Trading Central (Recognia) info No No
Forex News (Top-Tier Sources) info Yes Yes
Daily Market Commentary info Yes Yes
Autochartist info Yes No
Investor Dictionary (Glossary) info Yes No
Videos - Beginner Trading Videos info Yes No
Client Webinars (Archived) info Yes Yes
Trading Costs IG RoboForex (RoboMarkets)
Minimum Deposit info £250.00 $100
Average Spread EUR/USD - Standard info 0.86 info 1.4 info
All-in Cost EUR/USD - Active info 0.5957 info N/A
Active Trader or VIP Discounts info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
PayPal (Deposit/Withdraw) info Yes Yes
Trading Tools IG RoboForex (RoboMarkets)
Watchlists - Total Fields info 5 7
Mobile Watchlist info Yes Yes
Charting - Indicators / Studies (Total) info 33 30
Mobile Charting - Indicators / Studies info 33 30
Trust Factors IG RoboForex (RoboMarkets)
Year Founded info 1974 2009
Publicly Traded (Listed) info Yes No
Bank info Yes No
European Union Authorised (MiFID) info Yes info Yes info
Trust Score info 99 71
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IG vs RoboForex (RoboMarkets) Comparison

Comparing forex brokers side by side is no easy task. Our research team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Trying to decide between IG and RoboForex (RoboMarkets)? Our independent database powered by our unbiased research will help you compare IG vs RoboForex (RoboMarkets) side-by-side.

What is Trust Score?

Trust Score is a data-driven rating system that provides an at-a-glance rating of a broker’s overall trust by tracking 60+ brokers and over 100 regulatory jurisdictions across the globe. To make things clearer for everyday traders, we’ve created a five-tier system for regulators and Trust Score rating labels. Learn more about Trust Score, and check out our country guides to see the most trusted brokers in your country of residence.

Can I trust IG?

IG has a Trust Score of 99, giving it a "Highly Trusted" Trust Score Label.

Can I trust RoboForex (RoboMarkets)?

RoboForex (RoboMarkets) has a Trust Score of 71, giving it a "Average Risk" Trust Score Label.

Is IG a good broker?

Year after year, IG has shown itself to be the best broker in the forex industry. Highly trusted and regulated in a staggering eight Tier-1 jurisdictions, IG holds a Trust Score rating of 99. Though IG does offer MetaTrader 4, IG’s proprietary web-based trading platform steals the show with its wide variety of rich features, market research, and powerful trading tools. Fans of social copy trading will appreciate IG’s seamless integration of trading signals into its web platform. IG has won countless Annual Awards from our sister site, ForexBrokers.com, and is a fantastic choice for forex traders of all experience levels.

Is RoboForex (RoboMarkets) a good broker?

Founded in 2009, RoboForex (also known as RoboMarkets) is a maturing brand that offers a proprietary stock trading app (R StocksTrader) as well as 12,000 tradeable symbols available across its full MetaTrader offering (both MT4 and MT5) and the cTrader platform. That said, RoboForex currently only holds one Tier-1 license, which weighs down the broker's overall Trust Score rating.

What Tier-1 jurisdictions is each broker regulated in?

Tier-1 is reserved for the strictest, most stringent regulatory jurisdictions in the world. Tier-1 regulators impose additional capital requirements and require a tougher initial screening process. IG holds regulatory licenses in the following Tier-1 jurisdictions: Australia (ASIC Authorised), Japan (SFC Authorised), Singapore (MAS Authorised), New Zealand (FMA Authorised), United Kingdom (U.K.) (FCA Authorised) and USA (CFTC Authorized). RoboForex (RoboMarkets), on the other hand, is licensed in these Tier-1 regulatory jurisdictions: none. Neither have Canada (CIRO Authorised), Hong Kong (SFC Authorised), CBI Authorised (Ireland) and Switzerland (FINMA Authorised)

What Tier-2 jurisdictions is each broker regulated in? What about Tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, IG is Cyprus (CySEC Authorised), South Africa (FSCA Authorised) and UAE (DFSA/Central Bank Authorised), while RoboForex (RoboMarkets) is Cyprus (CySEC Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised) and Thailand (SEC Authorised). When comparing tier-3 licenses IG is Bermuda (BMA Authorised), while RoboForex (RoboMarkets) is Belize (FSC Authorised).. Neither have Bahamas (SCB Authorised), British Virgin Islands (FSC Authorised), Cayman Islands (CIMA Authorised), Mauritius (FSC Authorised) and Vanuatu (VFSC Authorised).

Which broker offers more trading platforms?

Whether your broker develops its own proprietary platforms or provides access to popular third-party platforms, you should make sure you can use your preferred type of trading platform. In our testing, we found that IG offers a Proprietary Platform and Desktop Platform (Windows), whereas RoboForex (RoboMarkets) supports a Desktop Platform (Windows). Neither have cTrader, DupliTrade and ZuluTrade

Does IG offer MetaTrader? Does RoboForex (RoboMarkets) offer MetaTrader?

For MetaTrader IG provides MetaTrader 4 (MT4), while RoboForex (RoboMarkets) provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5). If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.

How do IG and RoboForex (RoboMarkets) differ in terms of minimum deposit? What about average spreads and funding options?

IG requires a minimum deposit of £250.00, while RoboForex (RoboMarkets) requires a minimum deposit of $100. It's also important to ensure your broker accepts the funding options and deposit methods that work best for you. In our research, we've found that IG supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and PayPal (Deposit/Withdraw) for funding and deposit methods, whereas RoboForex (RoboMarkets) supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw)

Which broker offers more tradeable asset classes, IG or RoboForex (RoboMarkets)?

When choosing a forex broker, it’s important to consider each broker’s available investment products and tradeable asset classes. We’ve researched each broker’s individual offering of investments to help you pick the right broker for what you want to trade. During our testing, we found that IG delivers a more diverse selection of investment options than RoboForex (RoboMarkets), offering tradeable asset classes and investment types such as Forex Trading (Spot or CFDs), Spread Betting, Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD).

We also keep track of each broker’s total number of tradeable symbols; IG offers 19537, and RoboForex (RoboMarkets) offers a total of 12000 tradeable symbols.

Can I trade cryptocurrency with IG or RoboForex (RoboMarkets)?

Crypto trading has become popular among forex traders across a range of international jurisdictions. As a result, many forex brokers now offer crypto products to their clients; most crypto assets are offered either as an underlying physical asset (such as when you own actual bitcoin assets, for example) or as a derivative product like a CFD. If you are looking to trade physical cryptocurrencies, you’ll find that neither IG nor RoboForex (RoboMarkets) allow you to trade physical cryptocurrencies.

Who offers more research tools, IG or RoboForex (RoboMarkets)?

Market research plays a huge role in any forex trader’s ability to conduct analysis within the global forex market. We test each broker’s research offering to help you decide which broker is right for your technical or fundamental analysis needs. IG delivers the following research tools: Autochartist, Daily Market Commentary, Stock Charts and Forex News (Top-Tier Sources). RoboForex (RoboMarkets), on the other hand, provides the tools listed here: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources) and Social Trading / Copy Trading. Neither have Trading Central (Recognia)

Broker Reviews

Still looking for more information, read our broker reviews.

IG Review

Roboforex (RoboMarkets) Review

Overall winner: IG

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We review each broker’s overall global offering – a “Yes” 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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