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RoboForex is a reliable broker providing various types of accounts to accommodate beginners and professionals. Here's the complete guide on how to open an account in RoboForex.
Do you want to trade but don't know where to start? Just sign up with a broker. Whether you have ten or a million bucks in your account, a broker can help you reach your goals by providing various services and a safe environment to trade in.
RoboForex is a trusted brokerage company that has been in business since 2009 and is fully regulated by the FSC of Belize. The broker is known for offering a number of trading instruments, trading terminals, and interesting programs for clients. They even have their own mobile app that offers trading services via mobile phone.
Opening a brokerage account can be lengthy at times, but you won't face the same issue here. In RoboForex, account opening is very straightforward and won't take more than a few minutes. Let's find out the complete guide in the article below.
Signing Up with RoboForex
- Once you are ready to register and become a client, simply visit RoboForex's official website and click "Open an Account" on the top-right or "Start Trading" at the center of the screen.
- On the RoboForex registration page, you need to fill in your name, email, and phone number. Make sure to use your real name, identical to the one in your document. The phone number is not mandatory but it is highly encouraged to enhance your account's security. Then, tick the agreement boxes and hit the "Register" button.
- Check your email inbox. You will receive a welcome RoboForex sign up message along with a password for your account. If you can't find it, check your spam folder. Note that from this point onward, the broker will use this email to send you any notification or announcement regarding your account.
- After completing the registration step, you will be redirected to your Member Area where you can easily manage your account and balance.
- Well done! You have earned your access to your private Members Area and opened your first trading account. Now you're free to set up your profile, make deposits, and start opening new trades.
It is worth mentioning that in order to make deposits and withdrawals in RoboForex, you'll be required to verify your account first. Take a look at this short video for more information:
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.
Adding a New Trading Account
Registering a Members Area will automatically open your first live trading account. However, if you want to open more accounts, here are the steps that you should follow:
- Open your Member Area and click the "Add Account" button.
- Decide whether you want to open a new Real, Demo, CopyFX Trader, or Contest account. If you want to trade in real markets, then stay on the default "Real" category.
- Set your account according to your needs. This means determining the account's platform, type, currency, and leverage.
- Then, set up a new password and enter an affiliate code if you have one.
- Click "Confirm" to finish the RoboForex open account process.
- On the final page, you'll see a congratulatory message along with your newly created account information. You should be getting the account information in your email as well.
Which RoboForex Account Can You Choose?
RoboForex broker offers a wide variety of account types to match different clients and trading styles. It's highly recommended to check the conditions of each type find the best one for you. Below is the complete list.
- ProCent Account
ProCent account allows traders to make trades with a very small amount of money because it uses Cent as its monetary unit. With only $10, you can already make your first trade and earn profit from real markets. That being said, it is suitable for beginners who wish to open a real account with a small budget. - Pro Account
This is the most popular RoboForex account type mainly because it offers standard conditions for any type of trader, including beginners. The minimum deposit is only $10 and the spreads are floating starting from 1.3 pips. - ECN Account
If you are an experienced trader, this account is for you. It offers high execution speed, yet the trading costs are still very competitive. ECN account holders are allowed to open a maximum number of 1000 positions for MT5, which is certainly beneficial for big traders. - Prime Account
According to the broker's website, Prime account has the best conditions to trade with. With this account, you can trade with a minimum deposit of $10 and low floating spreads starting from 0 pips. You can also get a maximum leverage of 1:300 and even earn rebates of up to 10% of commission. - R StocksTrader Account
Lastly, the R StocksTraders account is an account type specifically made for stock traders. They can use the distinctive R StocksTrader platform on the web or mobile version. The minimum first deposit is $100 and the commission starts from $0.09 per share for trading US stocks.
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
Clarabell
Dec 18 2023
I've been trading for about 3 months now and I think I'm doing okay. Just had a series of positive trades this week and I'm actually feeling a little excited to start again next Monday. That being said, I'm starting to get tempted to open maybe one or two more new accounts. Now that I have enough budget, I want to open several positions at the same time to get higher potential profits and increase my total income. Is that a good strategy? It's my first time doing it though, so I have no experience whatsoever in handling multiple accounts. Some of my friends also suggested opening new brokerage accounts and trying new platforms. What do you guys think?
Chelsea
Dec 21 2023
In this fast-paced trading world, managing multiple accounts can be intriguing and challenging at the same time. With the rise of brokerage firms allowing their users to invest more capital, it has become more common for traders to manage multiple accounts and execute several trades simultaneously.
In my opinion, I think it's necessary for every regular trader to have at least two trading accounts: one for trading and one for investing. By using several accounts, you can perform diversification to either limit the losses (if one of them is at loss) or double the income (if both accounts are profitable). Having multiple trading accounts across several brokers is even better as you not only diversify the asset classes, but also the risk exposure among different brokers.
However, the account management might be complex, especially regarding portfolio rebalancing and tax implications. You need to be ready to make more important decisions and monitor several trades at the same time. Please take your time to learn about this, even try it out on demo accounts. The last step is to consult a financial advisor to find out all the risks involved.
Octavia
Dec 24 2023
Opening multiple accounts is always a great idea, whether you are new or experienced in trading. A single trading account might seem logical and "safe", but a good trader should always look at more opportunities and improve themselves every day. The most important thing is to adjust the risks based on your risk tolerance. So please try out different strategies and approaches, but don't risk more than you can afford.
Generally speaking here are the advantages of having multiple accounts to consider:
Yohanes
Dec 20 2023
I think I've been living under a rock because this is my first time hearing about Roboforex. Based on this article, the broker sounds legit and I'm actually considering becoming their client. I'm particularly interested because the broker has more than 10 years of experience, which is quite impressive.
The thing is that these days I've been seeing a lot of new brokers and to be honest most of them don't look trustworthy. That being said, I want to know if Roboforex is a safe broker to trade with. What are their security measures, especially regarding the safety of trader funds?
Diva
Dec 23 2023
The first and easiest way to learn about a broker's reliability is by looking at their regulation status, whether they are regulated or not and which regulator gave them the authorization. In this case, RoboForex is fully regulated by the International Financial Services Commission (FSC) of Belize (license no. 000138/437). This means, the broker must comply with the strict rules imposed by the regulator and that their clients are protected.
Here are some security measures that RoboForex offers:
To be completely sure, you can just sign up and test the broker's features like deposit/withdrawal, customer support, and more. Once you are sure, go ahead and start trading with your real account. Good luck!