RoboForex Review

RoboForex provides 5 different live trading accounts, Prime, ECN, R StocksTrader, ProCent, and Pro. The minimum deposit amount required to open a RoboForex Account is $10 USD.

RoboForex Islamic Account

Trading with RoboForex is swap-free for Islamic accounts based on Cent and MetaTrader 4. For all accounts created by non-Islamic clients, RoboForex offers Extended Swap-free status by default.

RoboForex Demo Account

Beginners can practice forex trading at RoboForex using free demo accounts that are 100% risk-free. Demo accounts at RoboForex expire after 30 days.

RoboForex Account Opening Guide

Step1: Sign Up

Registering on RoboForex is as simple as clicking the green open trading account button.

Step2: Complete the Registration Form.

Register online by filling out the simple form and clicking on the Registration button.

Step3: Deposit

A first deposit can now be made and trading can begin.

A variety of deposit and withdrawal methods are available at RoboForex, including bank transfers, electronic payments, bank cards, cash, and vouchers.

The online account area is used for managing money and making transactions. It is very convenient, as you can request a withdrawal check and deposit money.

Although there is a small minimum deposit, fees are either none or very low, so you can take advantage of a variety of account-based currencies.

RoboForex Deposit Options

Payment methods include over 20 options, which allows you to transfer money with convenience, including:

• Bank transfers
• Card payments
• Vast of e-wallets like Skrill, Neteller, POLi, FasaPay, and more

RoboForex Minimum Deposit

For first grade live accounts - either Pro-standard or Pro-cent - the minimum deposit is $10.

As soon as you open an account, you can choose the account level, and you can start trading with a demo account for free.

If you intend to trade a certain instrument, you should verify the margin requirements and conditions for that instrument, as $10 may not be enough for your trade strategy at some point.

RoboForex Withdrawals

RoboForex offers 0% commissions for deposits and withdrawals, covering all expenses. Bank wire transfers and credit cards are among RoboForex' withdrawal options.

There are, however, some withdrawal methods that charge additional fees. For example, AdvCash and Skrill charge 1% processing fees, while Visa charges 2.6% plus 1.3 USD.

RoboForex Withdrawal Steps

1. Access your account by logging in.
2. From the menu tab, select 'Withdraw Funds'.
3. Enter the amount withdrawn.
4. Select the method of withdrawal.
5. Provide all the required information on the electronic request.
6. Submit the withdrawal information after you have confirmed it.
7. Your Dashboard will show you the current status of your withdrawal.

Fees for trading with RoboForex start at $10 USD.

Having tight spreads from 0 pips makes RoboForex trading costs attractive. Fast order execution, 4 account currencies, micro accounts, and numerous investment programs provide those tight spreads.

Platforms may charge different fees. The table below shows our findings on fees and pricing. Overall, RoboForex's fees are considered good.

RoboForex Spreads

You should check the trading conditions before choosing an account type at RoboForex. Spreads with RoboForex range from 0.01 pips to 1.3 pips.

• To better understand the spread, let's take a look at the Pro account fee conditions, which include a floating spread of 1.3 pips with no additional fees, and an average spread of 146.94 between Bitcoin and US Dollar. RoboForex is also compared to other popular CFD brokers below.
• Cent Account fees offer low-size trading with a spread from 1.3 pips; R StocksTrader, ECN, and Prime accounts offer an interbank spread of 0 pips and commission charges as a cost. For example, a GBPUSD pair traded on an ECN account will cost you 20 USD to millions.

Rollover fees and overnight fees should also be considered as costs. For short positions on EURUSD, it is about -0.6 and for long positions, it is about -0.052.

Standard account spreads are within the industry average, and higher account grades have even better spreads.

RoboForex Commission

RoboForex offers traders commission-free trading depending on the account they choose.

Therefore, if you are interested in maximizing your profits by using high leverage levels, RoboForex definitely can be of assistance. Using leverage to multiply your initial accounts can increase your potential gains, but you also need to learn how to use leverage correctly, as leverage can also increase your losses.

RoboForex allows you to trade with a leverage of 1:400, 1:500, or even 1:2000.

Profit Share Bonus

During a drawdown, this bonus type can go up to 60% of the deposited amount, therefore limiting your own losses.

Welcome Bonus up to US$30

For Pro and ProCent accounts, RoboForex offers a $30 USD welcome bonus with a minimum deposit of $10 USD.

Classic bonus

You can receive a bonus of up to 120% of your deposit. Whenever the deposit is replenished, it accrues.

RoboForex Cashback

Each client receives a spread compensation, which increases as the trading volume increases. Monthly spending of ten lots is required to qualify for a rebate of 5% of the spread.

Loyalty program

RoboForex offers its traders the possibility of receiving up to 10% of their total account balance as charges to their accounts, with the possibility of withdrawal.

Several trading platforms are available for download from RoboForex. R.StockTrader, R.WebTrader, and MetaTrader4 are some of the trading platforms used by RoboForex. Trading with ETFs and other advanced instruments is possible with R.StocksTrader, a web trading platform.

RoboForex offers a wide range of platforms to choose from, thus allowing you to meet any trading demands and meet your style as a technology-driven broker. MT4 and MT5 platforms are the main offerings, but traders can also choose cTrader, or RoboForex-developed R Web Trader and R Mobile Trader.

In the industry, there have been a number of promising platforms proposed, including RoboForex's platform, which offers trading platforms such as MT4, MT5, and cTrader. Traders have access to excellent research and tools as well.

RoboForex Web Trading Platform

MetaTrader and cTrader are two of the platforms offered via web versions as well as desktop versions for more comprehensive analysis and tools bars suitable for professionals and day traders.

RoboForex Desktop Platform

You can also benefit from the R StocksTrader Strategy builder in conjunction with the desktop platforms. Traders can automate their performance using this free tool. Since you do not need to know any programming, this is a great solution.

• Both have the same functionality as the fastest industry charts and advanced analysis tools, offering full control over positions and orders. Additionally, they have a clean and clear design.
• With MT4, you can use advanced chart features, robots, and indicators to implement trading strategies. Performing powerful technical analysis is one of the main features of the platform.
• With the latest version of MetaTrader, MT5, you will be able to execute net and hedge systems through four different types of executions. Additionally, MT5 offers comprehensive analysis tools and market depth.

RoboForex Copy Trading

RoboForex offers customized investment tools and solutions. So, you can either copy trade or get help from professionals. Over 9,000 traders trust CopyFX for easy, reliable investing.

There are eight asset classes available at RoboForex, including Forex, Stocks, Indices, ETFs, Soft Commodities, Energy, and Metals.

By using R StocksTrader, RoboForex offers its clients an innovative trading platform for investing in ETFs. Online charts and quotes are available for 12,000 stocks, currency pairs, indices, and ETFs. R StocksTrader requires a minimum deposit of $100 to get started. You can also create trading robots without programming skills using the platform's accessible constructor. Demo accounts are available for testing the Expert Advisor.

Based on the selected account type, RoboForex offers leverage up to 1:20 for trading ETFs. Spreads are 0.01 USD, and commissions are 0.25 USD. The Stop Out level for these instruments is 20%, and they are traded 24/7. Through R StocksTrader, you can invest in over 8400 ETF instruments.

Financial Services Commission, a Belizean regulator of international financial services, regulates RoboForex. Moreover, RoboForex offers Negative Balance Protection and market-leading insurance.

Is RoboForex Safe or a Scam?

As a FSC-licensed broker, RoboForex is reliable and socially responsible. International AML (Anti-money laundering) policies are followed by FSC Belize.

Is RoboForex Legit?

The FSC, Belize has registered RoboForex Ltd under the number 000138/333, which confirms its legitimacy.

• A Quality Execution Certificate (VMT) has also been issued to the broker, confirming compliance with all Financial Commission requirements.
• A separate bank account is set up for RoboForex clients to protect their funds from negative balances.
• It can be considered a safe choice to trade with RoboForex since it is regulated and guarantees the security of client funds.

What Protection Does RoboForex Offer?

The funds of RoboForex clients are kept separate from those of the Company, so they cannot be misused. It is also a member of the Compensation Fund created by The Financial Commission. A company may use this if it fails to fulfill its obligations in the unlikely event that it cannot do so.

RoboForex also implemented a 5m EUR Civil Liability program. Clients have access to market-leading protection against fraud, errors, negligence, and other risks.

RoboForex' Reliability & Security

Various measures are taken by RoboForex to ensure the security of client funds. It holds a special brokerage license from the FSC as a regulated brokerage company. Market volatility can cause negative balances, resulting in clients being responsible for those balances. Compensation Fund membership provides additional protection, with coverage of up to €20,000 per case. In order to ensure compliance with the Financial Commission's strict requirements for execution quality, RoboForex has obtained the Verify My Trade (VMT) certification. A comprehensive insurance program with a market-leading limit of 2,500,000 EUR has also been implemented by the broker to protect clients. To maintain a reliable and secure trading environment, RoboForex has taken these measures.

Customer support is available 24/7 via live chat, emails, and international phone lines, as well as callback service and support in over 10 languages.

It was very easy to get in touch with them during working hours, and we got fast and knowledgeable responses.

RoboForex User Experience

With a clean and intuitive website design, RoboForex offers an exceptional user experience. Traders can easily access the platform with a quick and hassle-free account opening process. Traders can navigate the markets more easily with broker live support and a user-friendly platform that provides efficiency and convenience.

Additionally, it provides a variety of educational tools. Videos and written guides explain the basics of the stock market ("How to Open an Account," "How to Start Trading," etc.). An economic calendar is available as well as RoboForex analysis and forecasts. As part of its blog, this brokerage company also offers opinions on current events and trading strategies from in-house experts.

RoboForex's commitment to delivering an exceptional user experience is evident in its attention to a clean design, a quick account opening, and educational tools.  

Beginners can take advantage of RoboForex's educational, analysis, and research tools and materials.

Additionally, educational resources are available. Furthermore, you can participate in trading contests and polish your skills. As a result, your level increases and your skills develop. A range of trading tools and market analysis are available within the Members Area, as well as technical analysis and professional trading analytics.

In addition to transaction and trading history for up to a year, traders get access to extensive research tools, such as news feeds, calculators, a strategy builder, and trading ideas, which are all available on the platforms.

Through its partnership with market-leading data providers, the broker provides high-quality educational materials and excellent research.

The Financial Services Commission fully regulates RoboForex, which can be summarized as a safe broker.

As a broker, RoboForex has a lot to offer. Prime, ECN, and R StockTrader accounts offer particularly favorable trading conditions, and the range of accounts available is comprehensive. By offering copy-trading software CopyFX as well as a bespoke Partner program, RoboForex distinguishes itself from the competition. RoboForex is also renowned for its award-winning educational system. 

RoboForex provides quality trading solutions and is a safe broker. It has gained a reputation for being reliable and reputable. This is because it offers expanded trading strategies and a particular approach to dealing with markets and traders. 

Furthermore, RoboForex's ability to provide solutions across a wide range of platforms, currency pairs, and platforms is a key advantage. Different levels of traders can benefit from the broker's educational materials and research tools.

RoboForex is appropriate for:

• Beginners.
• Advanced traders.
• Traders who prefer MT4/MT5 and cTrader platforms.
• Currency and CFD trading.
• Variety of trading strategies.
• Algorithmic or API traders.
• Supportive 24/7 customer support.
• Suitable educational and research materials.