A well-known International Forex Broker, RoboForex operates since 2009 with service across the globe. Clients from around the world have used the broker's services throughout its history. Due to its advanced trading proposal as well as its tailored conditions suitable for different styles, trading sizes, and portfolios, it gained recognition.
RoboForex also offers industry-leading MT5, MT4, cTrader, and R Stock Trader trading platforms.
CopyFX - a copy trading project carried out by RoboForex - is one of the many developed technologies offering good trading solutions. Your prizes will be deposited into real trading accounts when you participate in contests on demo accounts.
With eight asset types and over 12,000 instruments available for trading, RoboForex is a Belize-based Forex and CFD broker that uses STP Trading. RoboForex offers a wide variety of trading terminals in addition to the most popular platforms in the industry.
International entity trading is considered safe with RoboForex. An excellent reputation has been built over the years by the broker. In addition to a wide range of account types, trading platforms, free exclusive trading signals, and research tools, RoboForex offers advanced traders powerful trade capabilities.
The platform used and account type may have a significant impact on trading fees, which may seem complicated at first. You can, however, analyze the company's conditions yourself by visiting its website. Furthermore, RoboForex is based in Belize, which is not regulated to a high standard.
|Account Currencies||USD, GOLD||USD, GOLD||USD||USD, GOLD||USD, GOLD|
|Available Leverage||Up to 1:300||Up to 1:500||Up to 1:300||Up to 1:2000||Up to 1:2000|
|Starting Spreads||0 pips||0 pips||0.01 pips||1.3 pips||1.3 pips|
|Commission Per Trade||$10-$15/$1 million||$20/$1 million||$0.009 per share||Unlisted||$0|
|Decimal Pricing||Up to 5||Up to 4||Up to 4-5||Up to 4-5||Up to 5|
|Min Lot Size Per Trade||0.01||0.01||0.01||0.1 (For MT4)||0.01|
|Max Lot Size Per Trade||500||500||500||500||500|
|Swap / Rollover Fee||No||No||Yes||Yes||Yes|
|Copy Trading Support||Yes||Yes||No||Yes||Yes|
Registering on RoboForex is as simple as clicking the green open trading account button.
Register online by filling out the simple form and clicking on the Registration button.
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.
Payment methods include over 20 options, which allows you to transfer money with convenience, including:
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.
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.
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.
|Fees||RoboForex Fees||FxPro Fees||Pepperstone Fees|
|Fee ranking||Low||Low, Average||Low|
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.
|Asset/ Pair||RoboForex Spread||FxPro Spread||Go Markets Spread|
|EUR USD Spread||1.4 pips||1.4 pips||1.8 pips|
|Crude Oil WTI Spread||5.2 pips||64 pips||5.3 pips|
|Gold Spread||17.54 pips||34 pips||3.8 pips|
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.
During a drawdown, this bonus type can go up to 60% of the deposited amount, therefore limiting your own losses.
You can receive a bonus of up to 120% of your deposit. Whenever the deposit is replenished, it accrues.
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.
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.
|Platforms||RoboForex Platforms||FxPro Platforms||Pepperstone Platforms|
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.
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.
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.
As a FSC-licensed broker, RoboForex is reliable and socially responsible. International AML (Anti-money laundering) policies are followed by FSC Belize.
The FSC, Belize has registered RoboForex Ltd under the number 000138/333, which confirms its legitimacy.
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.
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.
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.
International Business Magazine awarded RoboForex the "Most Trusted Broker" award. A group of investors recognized it with the Global Brands Magazine's "Best Investment Products" Award, as well as the World Economic Magazine's "Most Transparent Broker" Award. There is clearly something right with this company.
With over 1,000,000 traders from 169 countries, the broker supports over 10 languages and serves numerous clients. Modern trading tools and innovative technology solutions are the company's focus.
Over 30 industry awards and sponsorships, as well as regular global activities, have recognized RoboForex' developments and offers. In the 2022/23 season, RoboForex serves as the official sponsor of Muay Thai fighter Andrei Kulebin and Club Cienciano.
Information, charts or examples contained in this review article are for illustration and educational purposes only. It should not be considered as an advice or endorsement to purchase or sell any security or financial instrument. We do not and cannot give any kind of financial advice. No employee or persons associated with us are registered or authorized to give financial advice. We do not trade on anyone's behalf, and we do not recommend any broker. On certain occasions, we have a material link to the product or service mentioned in the article. This may be in the form of compensation or remuneration.