IC Markets
RoboForex
IC Markets vs RoboForex
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
IC Markets and RoboForex are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. IC Markets, founded in 2007 and headquartered in Sydney, Australia, is regulated by ASIC, CySEC, FSA and offers spreads starting from 0.0 pips with a minimum deposit of $200. RoboForex, established in 2009 in Limassol, Cyprus, holds licenses from CySEC, IFSC with spreads from 0.0 pips and a $10 minimum deposit. In our hands-on testing across 8 scoring categories, IC Markets scored 8.8/10 overall compared to RoboForex's 7.6/10, making it the stronger pick for most traders. That said, RoboForex holds its own with overall value, so your ideal broker depends on what you prioritize in a trading partner.
Key Differences at a Glance
- 📊
IC Markets scores 8.8/10 overall vs 7.6/10 for RoboForex — a 1.2-point difference.
- 💵
RoboForex requires just $10 to start, while IC Markets needs $200 — RoboForex is 20x more accessible.
- 📈
RoboForex offers 12,000+ instruments vs 2,200+ at IC Markets — a massive gap in market coverage.
- 🖥️
IC Markets runs on MT4, MT5, cTrader, while RoboForex uses MT4, MT5, cTrader, R StocksTrader — different ecosystems for different trading styles.
- ⚡
The biggest gap is in Regulation & Trust: IC Markets scores 9.0 vs 7.0 for RoboForex — a 2.0-point difference.
Our Verdict
IC Markets
Score: 8.8/10 · Wins 6 categories- You want lower spreads and trading fees
- You need advanced trading platforms and tools
- Top-tier regulation and fund safety are your priority
- Responsive customer support matters to you
RoboForex
Score: 7.6/10 · Wins 0 categories- You prefer a low minimum deposit ($10)
- You prefer RoboForex's trading environment overall
IC Markets takes the lead with an overall score of 8.8/10 compared to 7.6/10, winning in 6 out of 8 scoring categories. IC Markets stands out for lower trading costs and better trading platforms, while RoboForex remains a solid alternative.
Detailed Verdict
After testing both brokers with real accounts, IC Markets comes out ahead with a 8.8/10 overall rating, winning 6 out of 8 categories. Its strongest area is Trading Costs where it scores 9.5/10. IC Markets holds Tier 1 regulation, meaning your funds benefit from top-level investor protection including segregated accounts and compensation schemes. RoboForex is not without merit — it scores 7.6/10 overall and excels in Platforms & Tools (8.5/10). For a complete breakdown, read our full IC Markets review and RoboForex review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.
Score Breakdown
IC Markets wins by 1.5 points
IC Markets wins by 0.5 points
IC Markets wins by 2.0 points
IC Markets wins by 0.5 points
IC Markets wins by 0.5 points
IC Markets wins by 0.5 points
Full Feature Comparison
| Feature | ||
|---|---|---|
| Overall Score | 8.8/10 ✓ | 7.6/10 |
| Min Deposit Lower is better | $200 | $10 ✓ |
| Max Leverage | 1:500 | 1:2000 |
| Spreads From | 0.0 pips | 0.0 pips |
| Platforms | MT4, MT5, cTrader | MT4, MT5, cTrader, R StocksTrader |
| Regulation | ASIC, CySEC, FSA | CySEC, IFSC |
| Founded Older track record highlighted | 2007 ✓ | 2009 |
| Markets | 2,200+ | 12,000+ ✓ |
Fees & Costs
When it comes to trading costs, IC Markets has the edge with a score of 9.5/10 versus 8/10 for RoboForex. IC Markets offers spreads starting from 0.0 pips, while RoboForex starts from 0.0 pips. The minimum deposit at IC Markets is $200, compared to $10 at RoboForex. Both brokers operate primarily on a spread-based pricing model, though actual costs vary by account type and instrument. For high-volume traders, even small spread differences add up significantly over time, making this an important category to weigh carefully.
Trading Platforms
IC Markets scores 9/10 for platforms compared to 8.5/10 for RoboForex. IC Markets provides MT4, MT5, cTrader, while RoboForex offers MT4, MT5, cTrader, R StocksTrader. The choice of platform affects your charting, order execution speed, and available technical indicators. Traders who rely on MetaTrader's algorithmic trading capabilities should check which MT4/MT5 features each broker supports, including custom indicators and expert advisors.
Regulation & Safety
Regulation is crucial for fund safety. IC Markets is regulated by ASIC, CySEC, FSA (Tier 1), while RoboForex holds licenses from CySEC, IFSC (Tier 1). IC Markets scores 9/10 and RoboForex scores 7/10 in this category. Tier 1 regulators like FCA, ASIC, and CySEC offer the strongest investor protection, including segregated client funds and compensation schemes. Always verify your broker's specific license for your jurisdiction before opening an account.
Education & Research
For learning resources, IC Markets leads with 7/10 compared to 7/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. IC Markets and RoboForex both provide demo accounts for risk-free practice, but the depth of educational content varies. Beginners should prioritize this category when choosing between the two.
Customer Support
IC Markets offers 24/7 Live Chat, Email, Phone and scores 8/10, while RoboForex provides 24/7 Live Chat, Email, Phone with a score of 7.5/10. Reliable support becomes critical during market volatility or when you encounter account issues. Look for brokers with 24/5 or 24/7 availability, multiple contact channels, and support in your preferred language.
Deposit & Withdrawal
IC Markets scores 8.5/10 for deposits and withdrawals, while RoboForex scores 8/10. IC Markets accepts Bank Transfer, Credit Card, PayPal, Skrill, Neteller, UnionPay, and RoboForex supports Bank Transfer, Credit Card, Skrill, Neteller, Bitcoin. Processing times, fees, and available currencies vary. IC Markets requires a minimum deposit of $200 versus $10 for RoboForex. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
Choose IC Markets if you...
- You want lower spreads and trading fees
- You need advanced trading platforms and tools
- Top-tier regulation and fund safety are your priority
- Responsive customer support matters to you
Choose RoboForex if you...
- You prefer a low minimum deposit ($10)
- You prefer RoboForex's trading environment overall
🗳️ Which Broker Do You Prefer?
Cast your vote — see what other traders think
Frequently Asked Questions
Is IC Markets better than RoboForex?
IC Markets scores higher overall (8.8/10 vs 7.6/10), winning 6 of 8 categories. However, RoboForex remains competitive. The best choice depends on what matters most to your trading style.
Which has lower fees, IC Markets or RoboForex?
IC Markets scores higher for trading costs. IC Markets offers spreads from 0.0 pips with a $200 minimum deposit, while RoboForex starts from 0.0 pips with $10 minimum. Actual trading costs depend on your instrument, volume, and account type.
Is IC Markets safe to trade with?
IC Markets is regulated by ASIC, CySEC, FSA and scores 9/10 for regulation. RoboForex is regulated by CySEC, IFSC with a score of 7/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, IC Markets or RoboForex?
IC Markets scores 9/10 for platforms. IC Markets offers MT4, MT5, cTrader, while RoboForex provides MT4, MT5, cTrader, R StocksTrader. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.
What's the minimum deposit for IC Markets vs RoboForex?
IC Markets requires a minimum deposit of $200, while RoboForex requires $10. RoboForex has the lower entry barrier, making it more accessible for beginners or those testing with smaller amounts.
Ready to Start Trading?
Open a free account with either broker and start trading today.