RoboForex offer the popular MetaTrader platforms, professional cTrader platform and their very own exclusive proprietary R Trader platforms, providing a comfortable trading experience and catering to the needs of different traders. Platforms are available for desktop, web and mobile.
Overall Score
RoboForex was incepted in 2009 and is a BMW M Motorsport Official Partner. The International Financial Services Commission of Belize has authorized and regulated the broker, which offers segregated trading accounts with negative balance protection.
They’re also a member of the Financial Commission’s Compensation Fund and offer Verify My Trade, which gives you access to execution quality certificates.
The broker offers eight asset classes to trade, including Forex ECN and CFDs on stocks, ETFs, indices, and commodities. Users can also invest in genuine American company stocks, bringing the total number of traded assets to over 12,000 assets.
Prime, ECN, R Trader, ProCent, and Pro are the five distinct trading accounts accessible. A demo trading account with addition of Islamic swap-free accounts is also available from the firm.
Users can do the trade on the MetaTrader 4, MetaTrader 5, and cTrader platforms, which are all widely used for desktop, web, and mobile trading. Users can also use the broker’s own multi-asset web terminal, R Trader, as well as its investment platform and social trading platform, CopyFX.
The broker also offers a comprehensive set of trader research and education tools, as well as multilingual customer service and bonus/promotional incentives.
Pros
There are over 12,000 markets to trade on.
Trading platforms include MetaTrader 4, MetaTrader 5, and cTrader.
App and educational videos for RoboForex Analytics.
Customer service is available 24 hours a day, 7 days a week in multiple languages.
Cons
Offshore regulations are in place.
RoboForex scam or safe?
The International Financial Services Commission of Belize has authorized and regulated RoboForex.
The following measures are taken by the broker to ensure the safety of client funds:
Client monies are kept separate from corporate funds in segregated accounts.
Providing a policy to defend against negative balances.
A civil liability insurance program has been established.
Verify My Trade execution quality certificate as a participant in the Financial Commission Compensation Fund.
Roboforex Trading Accounts
RoboForex’s five major categories of trading accounts all have an easy account opening process. As seen below, each account offers different asset classes to trade on, as well as different minimum deposits and leverage.
Prime Account – This account is designed for advanced traders who want to trade various asset classes with up to 300:1 leverage, floating spreads starting at 0 pips, and no commissions. The minimum deposit is ten dollars or euros.
ECN Account – Designed for professionals who seek the tightest spreads and fastest execution times possible. Trade on several asset classes with up to 500:1 leverage, floating spreads starting at 0 pips, and no commissions to pay. The minimum deposit is ten dollars or euros.
R Trader — Designed for experienced traders to access 12,000+ markets with a maximum leverage of 300:1 and commissions payable, R Trader is a multi-asset class stock trading platform. The minimum deposit is $100.
ProCent – Intended for users that like to trade in cents as their base currency, primarily new traders. With floating spreads starting at 1.3 pips and a minimum deposit of 10 USD/EUR, the maximum leverage is 2000:1.
Pro – Designed for the best possible trading circumstances, with a maximum leverage of 2000:1, floating spreads starting at 1.3 pips, and a minimum deposit of 10 USD/EUR.
How to open an account with Roboforex
Traders can open an account by going to the broker’s homepage and clicking the Open Account tab. The first step in the applying process is to enter your email address, name, and phone number, as well as agree to the Terms & Conditions. The user is then prompted to choose the trading account and platform they want to use.
Users are then taken to the RoboForex Members Area, where they may manage their trading accounts and make deposits.
Traders are asked to validate their email address, identity, and address as part of standard KYC and AML procedures. This is readily accomplished by submitting images to the appropriate section of the members’ area.
Clients from the United States, Canada, Japan, Australia, Bonaire, Curaçao, East Timor, Liberia, Saipan, Russia, South Sudan, Sint Eustatius, Tahiti, Turkey, Guinea-Bissau, Micronesia, Northern Mariana Islands, Svalbard and Jan Mayen, and other restricted countries are not permitted to trade with RoboForex.
Roboforex trading platform
MetaTrader 4 by RoboForex
RoboForex’s MetaTrader 4 trading platform is accessible for download and use via a web browser, and it includes features such as:
50 ready-to-use technical indicators 3 types of order execution
The ability to trade with trading robots
Trading with a single click Algorithmic trading functionality
MetaTrader 5 by RoboForex
RoboForex’s MetaTrader 5 trading platform is accessible for download and use via a web browser, and it includes features such as:
There are four different types of order execution.
Tools for determining the market depth
There are six different categories of pending orders.
Additional periods and chart kinds are available in the MetaTrader Market.
cTrader RoboForex
RoboForex’s cTrader trading platform is accessible as a desktop download and as a web browser application, and it includes capabilities such as:
Order functionality of a rare kind
There are 54 technical indicators at Level II pricing.
There are 14-time frames in total.
R Trader by RoboForex
RoboForex R Trader is a web-based trading platform that includes the following features:
There is no need to download anything.
Over 12,000 marketplaces are available to trade on.
Keep track of business actions at Level II, including market depth, time, and sales.
Builder of trading robots
Roboforex trading instruments
RoboForex offers users the option and availability to trade on more than 12,000+ markets covering Forex, Stocks, Indices, ETFs and Commodities.
- RoboForex allows customers to trade on over 12,000 markets, including forex, stocks, indices, exchange-traded funds (ETFs), and commodities.
- Stocks Invest in Amazon, Google, Netflix, and other well-known firms’ stocks. Invest in the largest corporations in the UK, Germany, the United States, and Switzerland.
- Indices indicate price changes across a collection of equities, giving investors a broader view of the global stock market. With RoboForex, you can invest in indices at special rates.
- An ETF is a financial vehicle that allows you to trade several assets (stocks, commodities, goods, and so on) as if they were all one stock. ETFs can help you diversify your portfolio while lowering your costs.
- Commodities – For thousands of years, the market for soft commodities has been in high demand. Invest with RoboForex and gain access to over 100 products on the R Trader platform, which is a cutting-edge trading platform.
- Metals Invest in gold (XAUUSD) and silver (XAGUSD) or trade platinum, palladium, copper, or nickel ETFs. Investing in metals is one of the finest strategies to protect your money from inflation’s negative effects.
Roboforex Commission and spreads
Spreads and swaps are chargeable, but there are no commissions.
Pro Standard No commissions, but spreads and swaps must be paid.
Accounts on the ECN
Forex pairings have a commission of $20 per million exchanged.
On CFD Indices and Energies, there is a $5 commission per million exchanged.
On US Stock CFDs, there is a $200 commission for every million exchanged.
Accounts with Priority Service
On Forex pairs, there is a $10 commission every million exchanged.
CFD Indices and Energies have a commission of $4 per million transacted.
On US Stock CFDs, there is a $150 commission for every million exchanged.
The platform for R Traders
Pro commission of 0.0045 USD per share, with a minimum commission of 0.25 USD and maximum leverage of 20:1. US Stocks Pro commission of 0.0045 USD per share, with a minimum commission of 0.25 USD and maximum leverage of 20:1.
US Stocks commission of 0.02 USD per share with 1.5 USD minimum with a maximum leverage of 2:1.
US Stock CFDs commission of 0.015 per share with 1.5 USD minimum with a maximum leverage of 20:1
Roboforex Deposit and Withdrawal
Credit and debit cards, bank wire transfers, Neteller, Skrill, Fasapay, POLi, China UnionPay, AdvCash, AstroPay, and other commission-free deposit options are available at RoboForex. With the exception of bank transfers, most alternatives provide immediate funding.
Most withdrawal methods are commission-based and the fees can be found on the broker’s website. This includes SEPA Bank Transfer withdrawal fee of 1.5%, Neteller withdrawal fee of 1.9% as an example.
Roboforex Educational and research support
RoboForex offers a comprehensive range of research, including a blog, Forex Analysis, and Forecast articles that cover a variety of economic, fundamental, and technical analysis. Market sentiment, analytical assessments, trading indications, videos, and an economic calendar are all available through the broker’s RoboForex Analytics Center.
RoboForex offers an extensive library of educational films on a variety of subjects, including trading tactics, economic indicators, and a trading video course.
Roboforex Customer service
RoboForex provides customer service in 14 languages, including English, Chinese, Malay, Thai, Arabic, Portuguese, Spanish, and others, 24 hours a day, 7 days a week. Customers can reach out to customer service via Live Chat, phone, or email.
Conclusion
RoboForex review reveals a well-regulated broker that offers a diverse range of technology solutions that enable traders of any size or strategy, even those just getting started in trading, to participate in trading.
The platforms, coupled with a wide range of assets and accounts, provide a variety of trading alternatives, including robotic trading and investment, as well as trading powered by developed tools.
Nonetheless, the broker is happy to offer a wide range of services, as well as a consistent level of overall treatment for all clients, regardless of their level of experience or investment amount. Also, we would remind you to understand how to trade thoroughly and, in particular, how to employ high leverage, because RoboForex provides you with the potential to lose or gain money quickly.