RoboForex Review


RoboForex is a well-established broker since 2009. RoboForex has headquarters in Belize, China, Czech Republic, Egypt, Hong Kong, Indonesia, Latvia, Lithuania, Malaysia, Moldova, Republic of, New Zealand, Romania, Russian Federation, Taiwan, Thailand and United Kingdom. They are generally well-suited for RoboForex to provide their Forex/CFD trading services to global clients.


This broker has also been regulated by IFSC (Belize) 000138/107. Simple yet detailed information upon this broker can be seen below.


Company Information

Website
www.roboforex.com

Established
2009

Country
Belize, China, Czech Republic, Egypt, Hong Kong, Indonesia, Latvia, Lithuania, Malaysia, Moldova, Republic of, New Zealand, Romania, Russian Federation, Taiwan, Thailand and United Kingdom

Regulation
IFSC (Belize) 000138/107

Features

Interest rate on funds

Bonus offers

Trading contests

MAM accounts

Affiliate program

Islamic accounts available

Vps

Account Information

This broker offers Pro-Cent, Pro-Standard, ECN-PRO NDD, R Trader 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

If you want to look for further information about this broker's offered account(s), please take a look at the list below.


Minimum Deposit

$10

Maximum Leverage

1:2000

Spread

Variable and Fixed

Commission

$2


Minimum Deposit $10

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-click trading

Browser-based platform

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.


Forex
1:2000

Gold & silver
1:200


Minimum Deposit $10

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-click trading

Browser-based platform

Instruments Traded

Besides lots of currency pair, RoboForex also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD and Cryptocurrencies 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.


Forex
1:2000

Gold & silver
1:200

CFD
1:100

Cryptocurrencies
1:50


Minimum Deposit $10

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Trailing stop

Pending orders

One-click trading

Browser-based platform

Trading via API

Instruments Traded

Besides lots of currency pair, RoboForex also offers some instruments you would like to trade on, such as Forex, CFD, Metals and Cryptocurrencies 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.


Forex
1:500

CFD
1:300

Metals
1:300

Cryptocurrencies
1:50


Minimum Deposit $100

Minimum Position 0.01 lot

Spread Fixed

Scalping

Expert Advisors

Pending orders

One-click trading

Mobile trading

Browser-based platform

Automated trading

Instruments Traded

Besides lots of currency pair, RoboForex also offers some instruments you would like to trade on, such as Forex, Stocks 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.


Forex
1:200

Stocks
1:20

ETF
1:20


Minimum Deposit $10

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Hedging

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Instruments Traded

Besides lots of currency pair, RoboForex also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD and Cryptocurrencies 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.


Forex
1:100

Gold & silver
1:100

CFD
1:100

Cryptocurrencies
1:50

Payment Methods

Bitcoin : As a payment method, Bitcoin is reliable for its low cost and quick process. Brokers have been integrating Bitcoin as one of their funding methods especially after the cryptocurrency's rise in popularity. Now, traders who have digital wallets can easily transfer their funds to and from their trading accounts.

CashU : If you live in the Middle East, CashU is one of the most popular online payment services there. CashU is a digital wallet that allows clients to pay or transfer money online instantly and offer users its own pre-paid MasterCard with no absolutely additional fees attached. Introduced in July 2002, CashU has targeted the Middle East and North African markets where it serves close to 2.3 million customers. This is the reason why many of the forex brokers that are expanding in the North African and Middle East market accept CashU as one of their payment methods.

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.

QIWI : Qiwi is an e-wallet or electronic payment service provider from Rusia that is introduced in 2007. The service is mainly used by individuals and businesses in Russia, Ukraine, Kazakhstan, Moldova, Belarus, Romania, the US, and the UAE.

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.

WebMoney : WebMoney is one of the major online wallet services which many people use to send money around the world. For this reason, there is a large number of forex brokers that accept WebMoney today. Like other online payment services today, WebMoney is supported by mobile applications to make transactions more efficient.

RoboForex also provides payment with Bitcoin Cash, Boleto Bancário, Credit/debit cards, ecoPayz, Ethereum, giropay, iDEAL, Liqpay, Litecoin, Perfect Money, SOFORT, UnionPay and Yandex.Money

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, cTrader and R Trader.

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:

Website Languages

Arabic
English
German
Indonesian
Italian
Malay
Polish
Portuguese
Russian
Spanish
Thai
Ukrainian

Office
Support

Email
Support

Call
Support

Chat
Support

Extensive Review

Notorious 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 trading service, 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.

Traders can start with a minimum deposit as low as $10 in Pro Accounts. To specify, here is the short description of each type of accounts 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 their 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.


Give Your Review and Rate This Broker



7 Reviews


Roy94 Davidson

Sep 2 2020

Spreads can change when your profits have accumulated. This broker is unbelievable I tell you. When I just opened an account their spreads from WTI were only 5-6 pips. But when my balance gained 100% profit, the spread changed permanently to 11-12 pips.

Amira

Aug 15 2020

This broker freezes my chart a lot, especially when my positions are about to hit the profit targets. When requested for a callback, they never respond to me, and that is the last straw for me

Rudy Malkins

Aug 11 2020

Although having good execution, sometimes there are brief network outages and it can alter the previous p/l...

Maybe it's because they need to compensate for the bonus deposits they'd have given...

Recently, roboforex isn't that solid and consistent anymore...

There's a feeling that your trades are being manipulated in the background... It's better to keep one's eyes off of them

Jesse

Jul 22 2020

I love most to Roboforex's demo account. They offer ECN to fixed spread demo account. This can be useful for novices like me as well!

Hailey Puery

Jul 22 2020

I keep looking for forex brokers for almost two years. Finally I found Roboforex and decided to trade on them. Their website display is simple, plus the deposit and withdrawal process is very fast!

Austin

Jul 22 2020

I've been trading for 4years at Robo and had no problems. Their best services are:

- fast withdrawal process

- well regulated

- RoboForex is much better than other brokers

I strongly suggest you to join this broker. Everything feels good!

C. Carson

Jul 22 2020

My first trading experience at RoboFX was joining their trading contest for demo account. Surprisingly, I won KingSize MT4 contest three times! Their withdrawal process is also quite good and fast. I do a withdrawal for USD10 by Fasapay, and it's sent to my bank account within 21 seconds only! What a great broker!