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RoboForex Review

Broker Information Security Popularity Payment Spec Instruments Score
Security D
Popularity C
Payment A
Spec A
Instrument A
D
C
A
A
A
score 76
RoboForex
  Regulation 20  
Belize Financial Service Commission (FSC)
  Security 100  
Segregated accounts
Negative balance protection
Established more than 10 years
Compensation scheme
  Instrument 100  
Forex
Stock
Index
etf
Oil
Gold
  Platform 94  
MetaTrader 4
MetaTrader 5
Web
Social Trading
  Payment 100  
Bank Transfer
Credit/debit card
Neteller
Skrill
Western Union
Perfect Money
UnionPay
AstroPay
  Features 100  
Copy trading
Bonus
Affiliate
Vps
  Spec 96  
Islamic account
Scalping
Low spread eur/usd

πŸ’² Min Deposit $50

βŒ› Year Established 2009

πŸ’Ό Regulation

πŸ’‘ Min Position 0.01 lot

🌐 Website www.roboforex.com

🌎 Country Belize

βš– Max Leverage 1:400

πŸ’° Bonuses

πŸ† Trading contests

πŸ“Š MAM

Compensation scheme

Negative balance protection

πŸ“ Segregated accounts

πŸ•‹ Islamic account

Low spread eur/usd

Copy trading

πŸ—Ί Vps

RoboForex is a well-established broker since 2009. RoboForex has a headquarter in Belize. RoboForex to provide their Forex/CFD trading services to over 4 million clients.

This broker has also been regulated by Belize Financial Service Commission (FSC) 000138/437 and The Financial Commission 14012014.

Established in 2009, RoboForex has 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 can manage portfolios in a safe and competitive trading environment.


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.

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.

Account Information

Apart from the forex demo account, this broker offers UNITRADER, MT FX, MT DMA and MT CFD. 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: 400. Meanwhile, you can open an account with a starting capital of $50.

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.  
pin

Min Deposit

$50

pin

Max Leverage

1:400

pin

Spread

Variable

If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:



πŸ’² Min Deposit $50

πŸ’‘ Min Position 0.01 lot

πŸ”’ Spread Variable

πŸ“‰ Scalping

πŸ€– Expert Advisors

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 ETF, Energies, Indexes, Stocks, Oil, Gold & silver and Forex 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
  • 4 energies

As for UNITRADER account, RoboForex specifically provides it with the following instruments and leverage:


Energies

Energies
1:33

Indexes

Indexes
1:33

Gold & silver

Gold & silver
1:33

Forex

Forex
1:400


πŸ’² Min Deposit $50

πŸ’‘ Min Position 0.01 lot

πŸ”’ Spread Variable

πŸ“‰ Scalping

πŸ€– Expert Advisors

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 Energies, Oil, Gold & silver and Forex 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
  • 4 energies

As for MT FX account, RoboForex specifically provides it with the following instruments and leverage:


Energies

Energies
1:33

Gold & silver

Gold & silver
1:33

Forex

Forex
1:400


πŸ’² Min Deposit $50

πŸ’‘ Min Position 0.01 lot

πŸ”’ Spread Variable

πŸ“‰ Scalping

πŸ€– Expert Advisors

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, Oil 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
  • 4 energies

As for MT DMA account, RoboForex specifically provides it with the following instruments and leverage:


Forex

Forex
1:400

Gold & silver

Gold & silver
1:33

Metals

Metals
1:33


πŸ’² Min Deposit $50

πŸ’‘ Min Position 0.01 lot

πŸ”’ Spread Variable

πŸ“‰ Scalping

πŸ€– Expert Advisors

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, Oil, Indexes 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
  • 4 energies

As for MT CFD account, RoboForex specifically provides it with the following instruments and leverage:


Forex

Forex
1:400

Gold & silver

Gold & silver
1:33

Indexes

Indexes
1:33

Metals

Metals
1:33

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 BancΓ‘rio, 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, R StockTrader, Web and Social trading.

  • 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.

    metatrader 4

  • 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.

    metatrader 5

  • 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 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.

    r trader

 

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 English. 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

English

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 ETF , Energies , Indexes , Stocks , Oil , Gold & silver , Forex , Energies , Forex and Metals . As for the payment methods, you can choose between Skrill, Credit/debit cards, Neteller, UnionPay, Western Union, Perfect Money, Boleto BancΓ‘rio, 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 $50.


RoboForex is regulated by Belize Financial Service Commission (FSC) 000138/437 and The Financial Commission 14012014. 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.


Get More RoboForex info in Other Languages

Are you a non-English speaker and look for more resources on RoboForex in your language? You could always access RoboForex review from this page.

For better understanding, you could also visit RoboForex articles, explore RoboForex testimonials to learn from other traders' experience, and find any news about RoboForex to follow what updates they bring to the market, all specifically written in multiple languages.


RoboForex News
Kyla Yocelyn
RoboForex features a performance fee and subscription fee scheme in MT5 CopyFX to help experienced traders make more profits without harming investors.
Kyla Yocelyn
RoboForex won the best partner program award at the World Economic Magazine 2023, maintaining a competitive edge in expanding the partner network.
Kyla Yocelyn
The UK Financial Conduct Authority (FCA) warns clients about the RoboForex clone RoboxFX which is similar to the RoboForex brand.
Kyla Yocelyn
RoboForex was recognized as the broker with the Best Copy Trading Platform and the Best Multi-Asset Trading Platform at the 2023 Global Brands Magazine Awards.
Kyla Yocelyn
RoboForex received recognition as a broker with the best trading conditions at the 2023 International Business Magazine Awards.
Kyla Yocelyn
RoboForex announced a new promotion, a prize draw of up to $1 million for all its Partners. Don't miss the chance to win big prizes from RoboForex Affiliate Program.
RoboForex Articles
Sheena Mon
Calling all affiliates: RoboForex announces a $1 million cash prize for the lucky partner who can attract more clients for trading. The draw is conducted through actual stock prices.
Daniel Rose Harvey
RoboForex is giving away $30 welcome bonus to new clients who open an account and deposit at least $10. Let's learn the key terms and conditions in this article.
Diva Nadia
As a leading brokerage firm, RoboForex offers the ease of deposit and withdrawal through various payment methods and no transaction fees from the broker.
Diva Nadia
RoboForex offers a number of trading terminals, one of them is the RoboForex MobileTrader. It offers various interesting features such as instant deposit, customizable charts, and live chat support.
Diva Nadia
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.
Daniel Rose Harvey
Start trading with RoboForex and earn up to 60% profit share. You'll get an excellent opportunity to increase your profits.
Testimonials
Czech Republic
Andreas Wolf
Account Number: (29741108xxx)
Feb 22 2024
 
I'm impressed with RoboForex's service. Their trading platform has all... More
Vietnam
Luan
Feb 19 2024
 
Joining Roboforex's forex affiliate program has been a rewarding experience.... More
Spain
Brigitte Weber
Account Number: (28400158xxx)
Feb 17 2024
 
RoboForex is the best choice for those seeking a reliable... More
Germany
Sven
Account Number: (57256xxx)
Feb 1 2024
 
Roboforex establishes itself as a trustworthy forex broker, catering to... More
Philippines
Antonio
Jan 29 2024
 
RoboForex has unlocked the doors to forex mastery for me.... More
Philippines
Jack
Jan 25 2024
 
What sets RoboForex apart is their responsive and dedicated affiliate... More

8 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?

Manager RF

Jun 29 2023

Dear Eriecee,

Yes, you can open Pro and Pro Cent with just $10 with a leverage of 1:2000.

If you need any further assistance, please do not hesitate to write back to us. We'll be glad to assist you.

Regards,
RoboForex team

Mart

Aug 18 2023

I have a good attitude toward Roboforex. Transactions are processed instantly! The MT5 platform is working perfectly. My manager is professional and polite, always answering my questions very quickly. Recommend this broker, it is good and reliable.

Nina

Aug 23 2023

These people are being conned out of their hard-earned money. Don't put money into the scheme. Your money will never be refunded. They are pulling the investor in to make a forex investment. I've sent multiple emails, but no one has responded. They disallowed my withdrawal as well. I decided a conversation to my uncle about it, and he proposed refundback.org which did an excellent job of recovering my profits. I'm delighted of them.

Soro

Sep 17 2023

As an active trader, I appreciate the quick order execution and high liquidity on RoboForex. Their trading conditions allow for efficient trading, making their platform ideal for those seeking opportunities in short-term and intraday trading.

Tor

Feb 15 2024

I've been using RoboForex's services for several years now, and I'm pleased with the result. They constantly improve their technologies and offer new opportunities for traders, helping me increase my income in the forex broker industry.

Manager RF

Feb 16 2024

@Tor:

Dear Tor,

We are glad you have been trading with us, and your experience has been very smooth. It is our pleasure to serve you, and we look forward to meeting your future expectations.

Thanks for your trust and support.

Regards,
RoboForex

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