Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
---|---|---|---|---|
eToro | $50 Minimum Deposit | CopyTrader Trading Platforms | 2000+ Markets To Trade | eToro offers social and copy trading on user friendly platform About |
RoboMarkets | $100 Minimum Deposit | R StocksTrader, MT4, MT5 Trading Platforms | 12,000+ Markets To Trade | RoboMarkets provides MT4 and MT5 along with R StocksTrader, which also allows automated trading and has 12,000+ markets to trade About |
eToro and RoboMarkets Comparison
Both of these brokers offer copy trading, that is the capacity to copy other traders. RoboMarkets allows the trader to copy other traders via the CopyFX platform and to copy transactions, via the RAMM platform. These are separate accounts from RoboMarkets' main accounts which offer trading with a commission charge or without. eToro provides copy trading on its platform, which has a range of social trading tools. eToro also allows trader to invest thematically, in CopyPortfolios.
RoboMarkets's core platform offering is MT4 and MT5. However it also provides R StocksTrader, which is a web trader with a relatively large number of markets available, mostly Stocks CFDs. Thus these brokers differ markedly in that eToro has one platform, distributed across desktop and apps, while RoboMarkets offers a range of platforms and supports automated trading with robots.
Both are regulated by the CySEC in Cyprus. eToro is additionally regulated by the FCA in the United Kingdom, by the ASIC in Australia and by the FSAS in the Seychelles.
Quick comparison
Both brokers support trading styles like copy and social trading. RoboMarkets provides MT4, MT5 and R StocksTrader, allowing automated trading.
Minimum deposit and account types
The minimum deposit for eToro is $50. The minimum deposit for RoboMarkets is $100.
- eToro is a Social Trading Platform and Network which supports trading, social trading as well as auto trading by copying other traders (or being copied) and provides products based on this network. eToro offers the eToro Club, which is a tiered program with additional features depending on account equity (which can include personalised service and event invitations), starting at $5000 (Silver) and going up to Diamond ($250,000). The minimum trade size is 0.01 lots.
- RoboMarkets offers accounts based around its three platforms, MT4, MT5 and R StocksTrader. MT4 and MT5 each offer a Pro-Standard, Pro-Cent, ECN and Prime accounts. RoboMarkets's R StocksTrader is a web trading platform, which has many more markets available than the other accounts. RoboMarkets also offers a CopyFX account (which supports transaction copying) and a RAMM account (which supports strategy copying).
- RoboMarkets's minimum deposit for all accounts is $100. The Prime account is an ECN account with lower commission charges. RoboMarkets offers an Islamic (Swap Free) version for some of these accounts. The minimum trade size is 0.0001 lots. RoboMarkets provides a range of tools including analysis, an economic calendar, webinars and education. It offers the R StocksTrader Strategy Builder for building robots. EAs and scalping are allowed at RoboMarkets.
Markets
- eToro offers Forex, Indices, Energy, Metals, Stocks, ETFs, Soft Commodities, Cryptocurrencies and Bonds, with 2000+ available.
- RoboMarkets offers Forex, Indices, Energy, Metals, Stocks, ETFs, Soft Commodities and Cryptocurrencies, with 12,000+ available.
Broker | Trading Platforms | Description |
---|---|---|
RoboMarkets Broker | R StocksTrader, MT4, MT5 Trading Platforms | RoboMarkets has automated trading on MT4, MT5 and on R StocksTrader, where robots can be built to run on the cloud Description |
eToro Broker | CopyTrader Trading Platform | eToro offers 2000+ markets including real Stocks, ETFs and a wide range of Cryptos on a user friendly platform with social and copy trading Description |
Cryptocurrencies
- eToro offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Stellar, Cardano, Chainlink, Solana, Uniswap, Polkadot, Polygon, Algorand, Dogecoin, Avalanche, Monero, Tron, Cosmos, Terra, Decentraland and Binance Coin, Shiba, Cronos, TRON, Cosmos, ApeCoin, IOTA, The Graph, Maker, NEO, Quant, Chiliz, Gala, Curve, Enjin, Loopring, Curve, Dash, Basic Attention Token, Kyber Network, Compound, Ox, Synthetix, Yearn.finance, Ankr, Bancor, 1inch, Storj, SushiSwap, Ethereum Name Service, REN, dYdX, Fetch.ai and Balancer (the trader owns the cryptocurrency when buying them at FCA and CySEC regulated eToro). There is a flat 1% fee for all Cryptos, on top of the Bid/Ask spread. eToro additionally offers a Wallet which supports 120+ Cryptocurrencies and allows the trader to move unleveraged long positions in real Cryptocurrencies to the Wallet from the platform.
- RoboMarkets offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Stellar, Cardano, Chainlink, Solana, Uniswap, Polkadot, Polygon, Algorand, Dogecoin, Avalanche, Monero, Tron, Cosmos, Terra, Decentraland and Binance Coin CFDs.
Spreads and leverage
eToro can offers Forex spreads from 1 (typical). RoboMarkets can offer Forex spreads from 1.3 without a commission charge and low Forex spreads plus a commission charge.
Maximum leverage for eToro is . Maximum leverage for RoboMarkets (CySEC regulated) is .
Commission charge
- RoboMarkets commission are $2 per lot per side for its ECN accounts except for its Prime account where they are $1.5 per lot per side.
Online trading platforms
eToro offers a Web Trader and apps on tablet and mobile. RoboMarkets provides MT4, MT5 and R StocksTrader.
Why eToro or RoboMarkets ?
Traders who want to social and copy trade on a user friendly trading platform may do so at eToro. RoboMarkets also supports copy trading. Traders who want to trade on MT4, its successor MT5 or on a web trading platform with a large number of markets to trade (R StocksTrader) may do so at RoboMarkets. Traders may trade with online trading robots at RoboMarkets, including on R StocksTrader and with EAs on MetaTrader.
Comparison summary
- Both brokers provide CFD trading
- eToro offers real Stocks, ETFs and Cryptos to own
- Both brokers support copy trading
- Each broker has a user friendly web trader
- RoboMarkets additionally provides MT4 and MT5
- RoboMarkets has more markets to trade overall
- RoboMarkets supports trading with and building robots