On standard accounts on RoboForex, the choice of markets and instruments for trading is modest and will fully meet the needs of a professional only on Forex market. However, for the beginners, the existing options are sufficient enough.

RoboForex Review

Pleasure to trade with them, it’s win-win situation for both. Holding a license from IFSC is a huge advantage and shows your money is safe. The professional way information is given shows that the broker knows the market. The trading platforms it offers and instruments are also good. A client will get 5 options to open an account, these are Prime, ECN, R Trader, Pro cent, and Pro standard account. The banking section at RoboForex is smooth, reliable, trustworthy, and truly comprehensive when you look at the phenomenal line-up of payment methods for both deposits and withdrawals.

Watch This Roboforex Explainer Video

RoboForex has four platforms to choose from, including both the MT4 and MT5. As the two are the most prevalent options on the market, most traders lean heavily towards one of them. The Currencies forex registered address is Saint Vincent and the Grenadines. The main priorities of the company were to provide reliable protection to users and provide a wide range of trading tools.

It is a serious tool for protecting a deposit from RoboForex, which not all brokerage companies provide. RoboForex CopyFx is a passive investment option that involves connecting an investor’s account to a professional trader’s account and then copying his transactions. In this case, all trader’s transactions are automatically opened on the investor’s account. A specific trader’s commission is deducted from the investor’s profit in case of a successful transaction.

Try creating two accounts when you are working with Roboforex. One is the trading strategy real account, with your real money and the other is your demo account.

Whats The Roboforex Trading Experience Like?

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have. If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

  • After that, you will be able to make your first payments and start trading Forex.
  • At first glance, it looks like a very diverse broker, because the offer with over 7 asset classes and 12,000 markets is overwhelming.
  • RoboForex offers a large number of deposit and withdrawal options making sure of the maximum flexibility in transactions for its clients.
  • Actually I can say without any doubt that it’s one of the most responsible forex broker I’ve ever been working with.
  • Such leveraged products magnify a trader’s potential profit – but of course also increase the potential loss.
  • There’s a ton of different phone lines covering multiple languages, with email and live chat support to boot.

This is especially important for those who want to trade with high leverage. For the international market, the Forex broker is regulated by the Internationa Financial Services Commission of Belize. This is a very well-known regulatory agency, but while it gives the broker the ability to offer services globally, it is not enough for Europe. As our review of RoboForex FX broker shows, there are more than 12,000 trading instruments available for traders. It probably is one of the biggest advantages of RoboForex. No matter what you are looking for in Forex trading, you are most likely to find it at this Forex broker.

Cost And Fees, Commissions And Spreads

The bank transfer gives you the option to deposit and withdraw using multiple currencies. Using the SEPA, you can make a minimum deposit of $500 and a maximum of $100,00. The maximum withdrawal amount using the SEPA network is $50,000. On the other hand, the local bank transfers provide a faster processing time of just 1 day. RoboForex deposit and withdrawal process is fairly easy and offers a wide range of options, including bank transfers, credit cards, e-wallets, cryptocurrencies, and cash vouchers. RoboForex R Web Trader and R Mobile trader bring further depth in the range of its trading platform. The R Web Trade runs on all mobile and desktop browsers, while the R Mobile Trader also matches a desktop terminal’s functionality.

RoboForex Review

This exchange has obtained an Execution Quality Certificate from Verify My Trade . It confirms that the broker is in strict compliance with the requirements of the Financial Commission. In this guide, we’ll have an in-detailed discussion about all the features, necessary information, pros, and cons of RoboForex. In a separate section, we’ve also explained how to open an account in RoboForex following a few simple steps. If RoboForex’s website itself does not provide enough means, a trader should explore other informative websites and means to obtain that knowledge. Traders can ass the service to your browser bookmarks or download a portable application to your smartphone and you will always have a direct access to Forex analytics. If you prefer the MT5 version, it will allow the choice between net and hedge systems through four types of executions.

Commissions And Fees

The procedure is quite simply and takes place fully online. At the first stage, you need to fill out a simple form on the company’s website in order to open a profile. You need to provide contact information, first name, last name and confirm that you are 18. The 11-year experience on the market that RoboForex RoboForex Review has is its biggest argument in favor of reliability. It is not hard to calculate that of 915 claims against brokers filed in 2018, only 153 were settled in favor of the clients, which is 13%. As we’ve already noted, the majority of brokers working with Muslim countries have swap-free accounts.

RoboForex Review

The main offering is known for its productivity MT4 and MT5 platforms, and offering even cTrader, while RoboForex developed also their exclusive platform R Web Trader and R Mobile Trader too. Furthermore, rewards are not finished, as RoboForex implements 0% commission eur policy for deposits and many of withdrawals where all expenses are covered. However, of course, make sure to verify margin requirements and conditions for the instrument you are willing to trade, as at some point 10$ simply may not be enough for your strategy.

Our ratings are based on our objective rating criteria and methodology; and the results are always equally and fairly applied to each broker. The work of our content authors and research groups does not involve any interaction with our advertisers and they do not have access to data concerning the amount of advertising purchased. For over 10 years we consider our independence, absolute openness, and objectivity as our main priority. Please follow the links to each of our affiliated broker’s websites. This will help Tradersunion.com to continue to provide our services to you for free.

RoboForex’s RTrader is suitable for trading all offered assets. Over 12,000 instruments are available on this trading platform. RTrader is completely free and offers you universal charting similar to MetaTrader and cTrader. In total, over 12,000 financial products and 7 asset classes are in the broker’s portfolio. This makes a first good impression on us because only a few other brokers in this category offer such a wide range.

This page offers you instructions how to open your first trading account along with recommendations that may help you to choose most suitable parameters for it. MT4 is the most popular and well-known platform in the trading community.

CopyFX is the best and the same time the worst feature that RoboForex offers. If one chooses the CopyFX you have the option to copy the trades of successful traders. As you continue trading, your statistics will be made available to other members to show how good you are so others can copy it. The broker does not provide financial services to residents of the USA, Canada, Japan and Australia. The first thing new traders must do is to register a Members Area and open a trading account.

Review Of The Customer Support And Service For Traders

Demo training makes it possible to choose a comfortable portfolio of assets without the risk of losing your funds. Having studied on a demo account, I became more confident in trading on accounts with real money.