RoboForex Review
RoboForex is a well-established broker since 2009. RoboForex has headquarters in Belize, China, European area, Hong Kong, India, Indonesia, Spain, Thailand, Turkey, United Arab Emirates and United Kingdom. RoboForex to provide their Forex/CFD trading services to over 4 million clients.
This broker has also been regulated by IFSC (Belize) 000138/437 and The Financial Commission 14.01.2014.
Established in 2009, RoboForex LTD is a member of RoboMarkets/RoboForex Group which includes RoboMarkets LTD and RoboMarkets LLC. The group experienced an extraordinary growth rate, as seen in 1,000,000 clients who entrusted their funds to RoboForex. It doesn't stop there, the broker adds a layer of protection in the form of RoboForex category A membership with The Financial Commission operating outside Hong Kong. Clients will be protected by the Compensation Fund which secures deposits up to a maximum of €20,000.
RoboForex also bears the Verify My Trade (VMT) certificate, as well as negative balance protection which ensures clients are able to manage portfolios in a safe and competitive trading environment.
Major Information
💲 Min Deposit $10
⚖ Max Leverage 1:2000
💡 Min Position 0.01 lot
🌐 Website www.roboforex.com
⌛ Year Established 2009
4.33/5
Extensive Review
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.
As for the service for European-based traders, RoboForex specifically operates a different brand called RoboMarkets that is still a member of the head company (Robo Holding Company) and has an office in Cyprus. The operation is licensed under Cyprus Securities and Exchange Commission (CySEC).
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, cTrader, Social Platform, and its proprietary platform.
Trading instruments range from Currencies to Metals, Indices, Energies, Stocks, ETFs, and Cryptocurrencies. 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, tight spreads, and payment method via Bitcoin and Ethereum.
RoboForex also accepts payment through a surprising online gateway besides wire transfer and credit card. The alternative methods are Skrill, Neteller, FasaPay, UnionPay, WebMoney, Perfect Money, Qiwi, 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.
Company Information
Features
💰 Bonuses
🏆 Trading contests
📊 MAM
🗺 Vps
Account Information
Apart from the forex demo account, this broker offers ProCent, Pro, ECN, R StocksTrader and Prime. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by RoboForex is up to 1: 2000. Meanwhile, you can open an account with a starting capital of $10.
There are 5 account types available to RoboForex clients:
- ProCent: The minimum deposit is rather low at $10 with 0.01 lot minimum trade. ProCent uses variable spreads. The account supports scalping, hedging, Expert Advisors, trailing stop, pending orders, one-click trading, and browser-based platform, though swap rates are charged for overnight financing.
- Pro: There is a minimum deposit of $10 and a minimum stake size of 0.01 lots. Pro account offers variable spreads, Expert Advisors, and scalping/hedging capabilities. Although this account type boosts advanced tools like trailing stop, pending orders, one-click trading, and browser-based platform, when keeping a position open over midnight (server time), you will be charged a swap fee.
- ECN: The minimum deposit starts from $10 with a minimum lot size of 0.01 lot. Though ECN account has all useful trading tools like trailing stop, pending orders, one-click trading, browser-based platform, and trading with API, sadly, it doesn’t offer scalping nor Expert Advisors capabilities. This account’s spreads are variable.
- R Trader: R Trader requires a $100 minimum initial deposit and minimum transaction size of 0.01 lots with a fixed spread. Key features including pending orders, one-click trading, browser-based platform, mobile trading, and automated trading.
- Prime: The minimum deposit is $10 and the minimum trade size is 0.01 lots. Spreads are variable. You can find features such as scalping, hedging, trailing stop, pending orders, one-click trading, mobile trading, and automated trading through this account.
Min Deposit
$10
Max Leverage
1:2000
Spread
Variable and Fixed
Commission
$2
If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:
💲 Min Deposit $10
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
🕛 Overnight interest rates (swaps)
⏳ Pending orders
💸 Commission
Fees
The broker charges fees through spreads and commissions and also deploys a hybrid forex business model where it acts as a market maker on all Cent Accounts. This model directly benefits from traders’ losses. RoboForex charges swap rates for positions held overnight and corporate actions are also passed onto traders’ accounts.
Instruments Traded
Besides lots of currency pair, RoboForex also offers some instruments you would like to trade on, such as Forex and Gold & silver for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
RoboForex offers the following markets to trade:
- 40+ currency pairs
- over 12,000 global stocks
- more than 10 indices
- more than 100 commodities
- more than 1,000 ETFs
- 20+ metals
- 16 cryptocurrencies
- 4 energies
As for ProCent account, RoboForex specifically provides it with the following instruments and leverage:
Forex
1:2000
Gold & silver
1:200
💲 Min Deposit $10
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
🕛 Overnight interest rates (swaps)
⏳ Pending orders
💸 Commission
Fees
The broker charges fees through spreads and commissions and also deploys a hybrid forex business model where it acts as a market maker on all Cent Accounts. This model directly benefits from traders’ losses. RoboForex charges swap rates for positions held overnight and corporate actions are also passed onto traders’ accounts.
Instruments Traded
Besides lots of currency pair, RoboForex also offers some instruments you would like to trade on, such as Forex, Gold & silver and CFD for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
RoboForex offers the following markets to trade:
- 40+ currency pairs
- over 12,000 global stocks
- more than 10 indices
- more than 100 commodities
- more than 1,000 ETFs
- 20+ metals
- 16 cryptocurrencies
- 4 energies
As for Pro account, RoboForex specifically provides it with the following instruments and leverage:
💲 Min Deposit $10
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
⏳ Pending orders
💸 Commission $20
Fees
The broker charges fees through spreads and commissions and also deploys a hybrid forex business model where it acts as a market maker on all Cent Accounts. This model directly benefits from traders’ losses. RoboForex charges swap rates for positions held overnight and corporate actions are also passed onto traders’ accounts.
Instruments Traded
Besides lots of currency pair, RoboForex also offers some instruments you would like to trade on, such as Forex, CFD and Metals for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
RoboForex offers the following markets to trade:
- 40+ currency pairs
- over 12,000 global stocks
- more than 10 indices
- more than 100 commodities
- more than 1,000 ETFs
- 20+ metals
- 16 cryptocurrencies
- 4 energies
As for ECN account, RoboForex specifically provides it with the following instruments and leverage:
💲 Min Deposit $100
💡 Min Position 0.01 lot
🔢 Spread Fixed
📉 Scalping
🤖 Expert Advisors
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission $2
Fees
The broker charges fees through spreads and commissions and also deploys a hybrid forex business model where it acts as a market maker on all Cent Accounts. This model directly benefits from traders’ losses. RoboForex charges swap rates for positions held overnight and corporate actions are also passed onto traders’ accounts.
Instruments Traded
Besides lots of currency pair, RoboForex also offers some instruments you would like to trade on, such as Forex, CFD, Indexes and ETF for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
RoboForex offers the following markets to trade:
- 40+ currency pairs
- over 12,000 global stocks
- more than 10 indices
- more than 100 commodities
- more than 1,000 ETFs
- 20+ metals
- 16 cryptocurrencies
- 4 energies
As for R StocksTrader account, RoboForex specifically provides it with the following instruments and leverage:
💲 Min Deposit $10
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
⏳ Pending orders
💸 Commission
Fees
The broker charges fees through spreads and commissions and also deploys a hybrid forex business model where it acts as a market maker on all Cent Accounts. This model directly benefits from traders’ losses. RoboForex charges swap rates for positions held overnight and corporate actions are also passed onto traders’ accounts.
Instruments Traded
Besides lots of currency pair, RoboForex also offers some instruments you would like to trade on, such as Forex, Gold & silver and CFD for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
RoboForex offers the following markets to trade:
- 40+ currency pairs
- over 12,000 global stocks
- more than 10 indices
- more than 100 commodities
- more than 1,000 ETFs
- 20+ metals
- 16 cryptocurrencies
- 4 energies
As for Prime account, RoboForex specifically provides it with the following instruments and leverage:
Payment Methods
RoboForex offers free deposits. Payment remains commission-free, but the broker provides commission-free withdrawals twice per month; on the first and third Tuesday, all withdrawals are automatically free of charge. Deposits are free of charge. Plenty of payment methods are available offering prompt processing. From bank wires, credit cards, even Union Pay.
Availability of deposit and withdrawal options depends on the geographic region, but processing times are instant on most options, but bank wires can take up to 5 working days.
RoboForex accepts payments via:
Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.
Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.
RoboForex also provides payment with Western Union, UnionPay, Perfect Money, Local bank transfer, Credit/debit cards, Boleto Bancário, AstroPay and AdvCash
Trading Platforms
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.
Hereby, RoboForex offers you MetaTrader 4, MetaTrader 5 and R StockTrader.
- MT4: The MT4 trading platform remains the most popular, especially after the addition of third parties. The many features of automated trading solutions and capabilities explain why this platform is adored by many.
- MT5: As the successor to MT4, MT5, unfortunately, doesn't allow hedging, thus making it less popular. Traders should use MT5 as an option because brokers often provide special incentives for traders who want to transition to the MT5 platform.
- cTrader: cTrader remains the most dominant retail platform in the ECN field as it offers an outstanding trading experience fully supported by automated trading and technical indicators. Although acquiring a cTrader license is much more expensive than an MT4/MT5 license, many brokers believe cTrader represents a healthy path to growth. Now, cTrader is on track to overtake MT4 as the most popular trading platform.
- R Trader: Through R Trader, traders have access to a wide range of assets on offer. Traders who do not have automated trading solutions that require MT4 or cTrader may consider R Trader as an option. R Trader provides the best trading experience with robot builders so that traders can create their automated solutions.
Unique Features
RoboForex has a range of unique features, including:
- As more and more brokers offer social trading facilities, the CopyFX platform allows traders to copy trades from other traders. Clients only need a minimum of $100 in order to register. With the addition of the RAMM platform, you are able to manage assets and get automated risk management.
- With just a minimum deposit of $300, you can enjoy free VPS hosting for all verified accounts. Pro-Standard account traders using MT4 can take advantage of maximum leverage up to 1:2000.
Research and Education
RoboForex has a number of additional education and research materials:
- In-house analytics partnered with independent analytical firm Claws & Horns.
- Video content provided by Claws & Horns on RoboForex blog.
- Charts area that is cluttered with mediocre content.
- Education content is updated daily, and traders can find plenty of quality material.
- Education contents are one part in-house and another part in partnership with Claws & Horns.
Bonuses and Promotions
There are a number of promotions on offer at RoboForex:
- Welcome bonus USD30.
-
Profit Share Bonus to increase the deposited amount by 60% starting from your first deposit. Terms & conditions apply.
-
Receive Classic bonus of up to 120% for your first and all other deposits that follow.
- Promotion worth $1,100,000 to celebrate RoboForex's 11-year birthday with over with over 500 prizes.
Customer Support
Do you have any question or find any trouble related to RoboForex? If you do, you should reach RoboForex's support to get the information that you need. Here is the detail of the broker's customer support:
Customer support is offered in eleven languages. RoboForex provides the customer contact options to the support team via the green chat button which is available on each section of the website 24/7, e-mail, use the webform, call directly or request a callback.
Website Languages
Office Support
Email Support
Call Support
Chat Support
FAQ About RoboForex
A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if RoboForex is a good broker for you or not by reviewing the criteria. In general, RoboForex provides trading service in Forex , Gold & silver , CFD , Metals , Indexes and ETF . As for the payment methods, you can choose between Skrill, Credit/debit cards, Neteller, UnionPay, Western Union, Perfect Money, Boleto Bancário, Local bank transfer, AdvCash and AstroPay. The customer support is available via Email, Web form, Phone, Live chat, Office and Skype.
The starting capital in RoboForex is $10.
RoboForex is regulated by IFSC (Belize) 000138/437 and The Financial Commission 14.01.2014. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.
RoboForex is a brokerage company offering trading services for clients since 2009 with offices in Belize, China, European area, Hong Kong, India, Indonesia, Spain, Thailand, Turkey, United Arab Emirates and United Kingdom.
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2 Comments
Maciej
May 16 2023
Roboforex is one of the most reliable brokers for me. I was looking for a good forex company for a year and I found this broker. They provide good support that always helps their clients. Very good and fair trading conditions. And there is a good demo account too.
Eriecee
May 24 2023
Pro account can be opened with $20 with the leverage 1:2000?