As a leading brokerage firm, RoboForex offers the ease of deposit and withdrawal through various payment methods and no transaction fees from the broker.
RoboForex is an ideal choice for traders seeking a reliable multi-asset brokerage company with over 10 years of experience. Whether you are a newbie or a seasoned trader, RoboForex offers plenty of trading instruments, tools, and account types to cater to your needs. Not only that, you can also take advantage of the company's advanced trading terminals, which includes the famous MT4, MT5, and a proprietary mobile app.
As a leading broker, RoboForex aims to provide the best trading conditions for any trader. One of them is the ease of deposit and withdrawal. To begin with, the broker accepts more than 20 payment gateways to choose from, thus allowing traders to pick the most comfortable method according to their preferences.
Here are some of the most popular RoboForex payment methods for deposit and withdrawal:
| 💳Payment Method | 🕐Processing Time | 💸Deposit Fees | 💸Withdrawal Fees |
| Bank Transfer (SEPA) | 1-3 days | 0% | 1.5% |
| Local Bank Transfer | up to 1 day | 0% | up to 4% |
| Skrill | up to 1 day | 0% | 1% |
| Neteller | up to 1 day | 0% | 1.9% |
| Perfect Money | up to 1 day | 0% | 0.5% |
| Debit/Credit Cards | up to 1 day | 0% | up to 2.6% + 1.3 USD |
| QR and Vouchers | up to 1 day | 0% | ❌ |
Well-known as one of the most committed brokers in trading technology advancements, RoboForex reaches out to a wide range of traders, from beginners to the more experienced ones who seek sophisticated trading environments with ECN-like spread and execution. The company is established in 2009 and holds a head office in Belize. Registered under the IFSC Belize, RoboForex manages to attract clients with fantastic leverage as high as 1:2000.
Following its commitment to be the forefront in terms of a high technology forex broker, RoboForex provides various trading platform choices including MetaTrader 4, MetaTrader 5, Social Platform, and its proprietary platform.
Trading instruments range from Currencies to Metals, Indices, Energies, Stocks, and ETFs. Aside from basic service, trading in RoboForex also presents a collection of distinctive features such as the PAMM system and Social Trading network developed with their own brand of CopyFX, ETFs, and stocks that reaches up to thousands as the available trading assets, and tight spreads.
RoboForex also accepts payment through a surprising online gateway besides wire transfer and credit card. The alternative methods are Skrill, Neteller, UnionPay, Perfect Money, and other similar online payments.
After opening an account, traders can start with a minimum deposit as low as $10 in Pro Accounts. To specify, here is a short description of each type of accounts that traders can choose from in RoboForex:
Pro-Standard
- Minimum Deposit: $10
- Spread: from 1.3 points
- Minimum order volume: 0.01
- Leverage: up to 1:2000
ECN-Pro
- Minimum Deposit: $10
- Spread: from 0 points
- Minimum order volume: 0.01
- Leverage: up to 1:300
Prime
- Minimum Deposit: $5,000
- Spread: from 0 points
- Minimum order volume: 0.01
- Leverage: up to 1:100
Pro-Cent
- Minimum Deposit: $10
- Spread: from 1.3 points
- Minimum order volume: 0.1
- Leverage: up to 1:2000
R Trader
- Minimum Deposit: $100
- Spread: from $0.01
- Minimum order volume: 1 stock
- Leverage: up to 1:200 (during the trading session) and up to 1:4 (after the trading session)
The R Trader account signifies RoboForex's attempt to distinguish forex and stock trading condition. It appears that the platform used in that particular account is RoboForex's in-house product that is specifically designed for stock online trading.
The overall description above depicts RoboForex as a distinguished broker despite its status as an offshore-regulated entity. Not only successful in providing various trading technology, but RoboForex also focuses on stock trading for more conservative traders. However, it is also important to note that RoboForex is one of the few brokers that boldly offer an extremely high perimeter of leverage at 1:2000.
RoboForex Deposit Guide
RoboForex account funding is very easy and only takes a few minutes to complete. Like most brokers, RoboForex requires a certain minimum amount for each deposit. It depends on the account type that you use:
- For ProCent, Pro, Prime, and ECN accounts: 10 USD or equivalent
- For R Stocks Trader accounts: 100 USD or equivalent
Here are the steps to fund your RoboForex account:
- Log in to your Member Area using your email and password.
- Select the trading account that you'd like to deposit into and click the "Deposit" button to its right. Please note that you must be verified to fund your account.
- You will be redirected to the deposit funds page where all of the available funding methods are displayed. Choose the payment method that you desire, then choose the deposit type. You can also decide whether you want to get the deposit bonus and specify the percentage.
- Specify the bonus amount and the currency, then hit "Deposit Funds" to proceed to the next step.
- You'll need to confirm your request once more. Make sure that the details you're giving to RoboForex are correct and click "Deposit Funds" again.
- All done! Now you just have to wait for the funds to be delivered to your account.
Keep in mind that after completing the request, the funds will be transferred in a matter of a few minutes. However, if the funds cannot be deposited automatically by the payment system, your deposit request will be processed within two working days.
RoboForex Withdrawal Guide
When you are ready to cash out your profit, it's time to make a withdrawal request. You can choose to transfer out to a separate account or withdraw to an external account. Here's a simple guide to withdraw funds from your RoboForex account.
- In your Member Area, hover your cursor on the "Funds" drop-down menu and select "Withdraw Funds".
- Select the withdrawal method and click "Go To". Please note that the withdrawal method and account must be the same as the deposit. Otherwise, you'll need to contact customer support and explain the reason.
- You will need to provide some information about your RoboForex account. Once you're done, click "Withdraw Funds".
The withdrawal time differs for each method, ranging from instant up to a few days. If your money was not credited, then you need to check the status of your withdrawal or contact customer service.
RoboForex Withdraw without Commission
Hefty withdrawal fees can be pretty annoying at times. This is why RoboForex offers "Withdraw without Commission" program. As the name suggests, this unique program allows traders to make withdrawals without having to pay any commission twice a month. It works on a permanent basis and all traders are eligible to participate.
To enjoy the benefits, there are several rules that you need to follow from RoboForex broker:
- The program is available on the first and third Tuesday of each calendar month.
- On those specific days, traders can withdraw funds from their accounts without paying any commissions.
- This program is applicable to all payment methods supported by the broker.
RoboForex Auto-Withdrawal Service
Aside from the no withdrawal fee program, RoboForex also offers automatic withdrawal system which basically reduces the transfer time. This applies to all types of real accounts not only on weekdays but also weekends and even during holidays.
The Auto-Withdrawal Service offers several main advantages, namely:
- Withdrawal request processing time is reduced to less than 1 minute. Therefore, the speed of fund withdrawal will be highly accelerated.
- The service operates for 24 hours, 7 days a week. So all clients can withdraw at any time and still enjoy the fast withdrawal.
Conclusion
To sum it up, deposit and withdrawal in RoboForex are pretty straightforward and the process is pretty fast. RoboForex minimum deposit and withdrawal rules are also easy to follow. Unfortunately, the withdrawal fees can be quite bothersome, especially if you need to transfer your money in and out of your account often. To avoid this, you can take advantage of the Withdraw without Commission program even though it's limited to only twice a month.
RoboForex is a well-established broker that has been in business since 2009. They are licensed by the Financial Services Commission (FSC) and have headquarters in several countries, including Belize, China, Europe, Hong Kong, India, Indonesia, Spain, Thailand, Turkey, the United Arab Emirates, and the United Kingdom. RoboForex provides Forex/CFD trading services to over 4 million clients.
5 Comments
Dec 18 2023
Hello, this is a very nice article but I still have some questions to ask. You see, I'm a complete beginner here and it's my first time opening an account so I hope you don't mind to explain some things to me. First of all, I use the broker's mobile app because I heard that the app is just as good as the PC version. I clicked on the deposit button and tried to enter the deposit amount, but it said that I had to complete the verification process first. Is this normal? Did I press the wrong button? I'm pretty worried because my some of my friends also use this app and it works normally for them.
Dec 21 2023
No need to worry! Verification is completely normal and it is required for everyone, not just you. In a nutshell, verification is a procedure of documentary confirmation of your personal identity. The purpose is to ensure that you are a legit person and not a fraud. It's actually mandatory in all regulated brokers as a part of the AML policy imposed by the regulators, so in other words, it's a safety procedure and it exists to make traders safe.
The process differs in every broker but the general idea is the same. You'll need to upload some documents to confirm your identity and your actual residential address. For your identity, you can submit a scanned copy of your international passport (two-page opening with a photo) or a national passport or identity card. As for the address, you can use property deed, mortgage loans, certificate, bank statements, or utility bills such as electricity, water supply, landline phone bills, etc.
If you are still unverified, you won't be able to access certain services including making deposit and withdrawal in RoboForex. So it's highly suggested to complete your profile ASAP to trade seamlessly and enjoy the full benefits. Besides, the process will only take about a few minutes to complete. Just make sure to read the requirements carefully.
Dec 22 2023
I totally agree, verification is a must for beginner traders. It can be quite nerve wracking to provide your personal information to a company at first, but as long as it's legit and regulated, then you don't need to worry much. The information will be confidential and won't be abused for fraudulent purposes.
What I want to add is that if you're using the mobile app, the verification process is even simpler. You can capture the documents by using a regular scanner, photo camera, or your phone camera. It is worth mentioning that aside from your ID and address, you also need to verify your email. It's simply to confirm that the email is really yours. Just click SEND CODE and you'll get an email from the broker in a few seconds.
Dec 20 2023
I'm a new user in RoboForex so I don't know much about their promotions and stuff. When I was about to make a deposit, I saw the option to get a bonus (I think it's deposit bonus?) of up to 120% and another program that is up 60%. Can anyone explain the benefits of these programs along with the requirements? Is it available to all users? I know some brokers offer deposit bonus to attract new clients but I never knew how it worked. I'm a little low on capital right now, so perhaps using these bonuses can boost up my balance even if it's only a small amount.
Dec 23 2023
Unfortunately, the broker does not offer the classic deposit bonus anymore starting from December 12th 2023. Instead, you can get the welcome bonus of up to 30 USD, which in my opinion is just as equally beneficial. The bonus will be credited with no restrictions on withdrawal or any hidden cost, so it's certainly a great opportunity to start trading and increase your trading position.
All you need to do is register with the broker, create a new live account, and deposit at least 10 USD to your account. Don't forget to complete the verification procedure as well to make a deposit. Once your funds are deposited in your account, you will receive the welcome bonus immediately and you can easily use it for trading. However, please note that accepted deposit methods for this program are UnionPay, Maestro, Mastercard, and VISA cards only. Deposits via prepaid cards and virtual cards are not taken into account.