RoboForex is a well-known online trading platform that provides one of the quickest trading platforms for equities, indices, forex, commodity markets, ETFs, CFDs, and cryptocurrencies. Compared to other top brokerages, RoboForex offers one of the most competitor’s tight spreads starting at 0 pip and is renowned for its lightning-fast order execution. In addition to that, a group of financial experts founded IC Markets in Sydney, Australia, in 2007 with the goal of bridging the gap between institutional and retail clients by providing trading solutions.
Is RoboForex Regulated?
The rules governing RoboForex, which has been in operation since 2006, differ depending on the organization. The Financial Service Commission in Belize, where RoboForex is based, oversees its operations. On its website, RoboForex provides its license and regulation number. You can examine each regulatory and oversight body for RoboForex. If you have problems with RoboForex, the regulation provides you with some recourse. Regulating bodies safeguard investors through programs like reimbursement plans that allow clients to get their money back in the event that a broker goes bankrupt. In order to maintain their licenses and carry on business in those jurisdictions, brokerage firms must adhere to a variety of regulations and standards set by those regulatory bodies. Regulation’s main goal is to safeguard RoboForex traders and create a more secure trading environment. Therefore, it is crucial to have financial regulation and license approval.
RoboForex Reliability
The deposits are protected from losses by the negative balance protection service. Because the money is kept in separate accounts, the clients are in a much safer environment. They are much more comfortable making both deposits and withdrawals from the account. In order to handle disputes, RoboForex is a member of the independent self-regulatory body of Hong Kong. Simply put, your reserves would be safe at RoboForex up until a sum of 2000 euros, a significant amount of protection.
RoboForex Vs Ic Markets
Benefits of RoboForex Vs Ic Markets Compared
- Stocks Listed (RoboForex – 0, IC Markets – 2100)
Retail traders are permitted to trade the following financial instruments through IC Markets’ trading platforms: MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, and Android. On the RoboForex MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps trading platforms, on the other hand, RoboForex permits retail traders to trade Forex and CFDs.
- Minimum Deposit (RoboForex – 1, IC Markets – 200)
Why it’s wise to make small deposits before trading, and how IC Markets and RoboForex stack up? You should only transfer what you buy with IC Markets or RoboForex, which is the first obvious reason. The broker with the smallest deposit option is more alluring if you have a smaller budget. RoboForex requires a minimum deposit of 1, while IC Markets requires a minimum deposit of 200. The second reason is that you should only use a small portion of the money you have set aside for trading when speculating on riskier but possibly more lucrative financial instruments. Don’t let a broker’s higher minimum deposit requirement completely turn you off; instead, consider the overall trading characteristics the trading platform offers. This is true of both IC Markets and RoboForex.
- Financial Instruments ( RoboForex – 100, IC Markets – 2250)
You have more potential financial tools you can buy or sell for your portfolio the more instruments are available on the IC Markets and RoboForex trading systems. It is wise to have a diversified portfolio because a user will never have the same set of options. Buying and selling are all about seizing opportunities, so you don’t want to lose out on a trade because of IC Markets’ or RoboForex’s restrictions.
What happens if IC Markets or RoboForex go bust?
IC Markets and RoboForex are regulated, they are required to provide their customers with a certain degree of financial protection as part of their regulatory responsibilities. By law, IC Marketplaces and RoboForex are required to keep client funds apart from their own. Your money shouldn’t be accessible to IC Markets or RoboForex in the event of either company’s bankruptcy. Separate accounts should be kept for each customer. Check this on the websites and regulators of IC Markets and RoboForex to see how compensation plans for financial services differ from one country to the next.
The Ultimate Truth: Is RoboForex Regulated?