RoboForex Review: Detailed Analysis & Insights

Explore our thorough RoboForex review where we evaluate key aspects such as trading platforms, account options, fees, and customer support. Gain the insights you need to decide if RoboForex aligns with your trading goals.

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RoboForex Overview

Brief look at RoboForex

RoboForex is a well-established Forex broker founded in 2009, offering a comprehensive range of trading services to both novice and experienced traders worldwide. Renowned for its diverse account types, including ECN and Prime accounts, RoboForex provides access to a wide array of financial instruments such as Forex, stocks, and CFDs. The broker supports multiple trading platforms, including MetaTrader 4, MetaTrader 5, and its proprietary R StocksTrader platform, ensuring flexibility and advanced trading capabilities. With competitive spreads, various leverage options, and a robust regulatory framework under the Belize Financial Services Commission (BFSC), RoboForex emphasizes security, transparency, and user-friendly services. Additionally, it offers educational resources, automated trading solutions, and responsive customer support, making it a versatile choice for traders seeking a reliable and feature-rich trading environment.

Pros

  • Offers multiple account options
  • Access to over 12,000 financial instruments
  • Supports popular platforms like MetaTrader 4, MetaTrader 5, and the proprietary R StocksTrader platform
  • Offers competitive spreads and high leverage options
  • Provides a wealth of educational materials
  • Compatible with various automated trading systems and APIs
  • Offers 24/5 multilingual customer support through live chat, email, and phone, ensuring timely assistance
  • Regularly features promotional offers and bonuses

Cons

  • Regulation solely by the BFSC, which may be considered less stringent compared to other major regulatory bodies like FCA or CySEC
  • Lack of fixed spread account options might be a drawback for traders who prefer consistent spreads irrespective of market conditions

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RoboForex Reviews

4.6/5
5 reviews
Mike92

RoboForex is an outstanding broker with a low minimum deposit, making it accessible for beginners. I love the variety of account types available, especially the ECN account for my Forex trading needs. The MT4 and MT5 platforms are seamless to use, and the mobile app allows me to trade on the go. Withdrawal time is impressively fast, and the bonus offers and rebate programs add extra value. Signing up was quick, and the spreads are competitive. Highly recommend!

1/10/2024
Sarah

I’ve been using RoboForex for over a year now, and overall, it’s a reliable broker. The demo account was a great way to get started without risking real money. The leverage options are generous, which is excellent for experienced traders, though it can be risky for newcomers. The withdrawal process is smooth, and the customer support is responsive. I particularly enjoy the rebate programs and the variety of trading instruments available. The only downside is that the app occasionally lags during high traffic.

2/20/2024
FXGur8

RoboForex exceeded my expectations with its comprehensive trading platforms, including MT4 and MT5. The sign-up process was straightforward, and the minimum deposit is very reasonable. I appreciate the multiple account types that cater to different trading strategies. The withdrawal time is one of the fastest I’ve experienced, and the spreads are consistently low. The mobile app is user-friendly, and the bonus offers provide great additional benefits. Excellent broker for both beginners and seasoned traders!

3/5/2024
Linda_Invests

As a Forex trader, RoboForex offers a solid platform with various account types to choose from. The demo account was particularly useful for practicing strategies before committing real funds. The MT4 platform runs smoothly, and downloading the MT5 version was hassle-free. I’m pleased with the competitive spreads and the leverage options available. Withdrawal time is generally quick, though it can vary depending on the method. The bonus and rebate programs are nice perks. Overall, a trustworthy broker with room for improvement in the mobile app performance.

4/12/2024
SpeedyTrades

RoboForex is my go-to broker for all my trading activities. The minimum deposit requirement is very accessible, and the sign-up process was seamless. I use both MT4 and MT5 platforms, which are excellent for different trading styles. The variety of account types allows me to switch based on my current strategy. The withdrawal time is impressively fast, and the spreads are some of the best I’ve seen. The mobile app is robust and lets me manage trades efficiently on the move. Plus, the bonuses and rebate programs provide added incentives. Highly recommended!

5/18/2024

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Is RoboForex regulated?

Companies
RoboForex Ltd
Countries
Belize
Regulators
BFSC
Investor Protection
Financialcommission.org
Investor Protection Size
€20 000
Publicly Traded
Segregated Accounts
Guaranteed Stop Loss
Negative Balance Protection

RoboForex Account Types

Pro
Deposit: $10
Lot Size: 0.01 lots
Spread Type: Floating
Execution: Market
Min Spread: 1.3 pips
Fee: No
Max Leverage: 1:2000
Stop Out: 20%
Margin Call: 50%
ECN
Deposit: $10
Lot Size: 0.01 lots
Spread Type: Floating
Execution: Market
Min Spread: 0.1 pips
Fee: $4 per 1 lot
Max Leverage: 1:500
Stop Out: 40%
Margin Call: 60%
Prime
Deposit: $10
Lot Size: 0.01 lots
Spread Type: Floating
Execution: Market
Min Spread: 0 pips
Fee: $2 per 1 lot
Max Leverage: 1:300
Stop Out: 100%
Margin Call: 100%
Pro-Cent
Deposit: $10
Lot Size: 0.01 lots
Spread Type: Floating
Execution: Market
Min Spread: 1.3 pips
Fee: No
Max Leverage: 1:2000
Stop Out: 40%
Margin Call: 20%

Additional Features

  • Demo Account
  • VIP Account
  • Swap-Free Account
  • Copy Trading
  • VPS
  • PAMM/MAM Accounts

RoboForex Funding and Fees

Base currencies
USD, EUR, CNY, XAU
Funding Methods
Bank Wire, Credit Card, Debit Card, Skrill, Neteller, WebMoney, Perfect Money, FasaPay, QIWI, Yandex.Money, EPayments, POLi, Local Transfer Malaysia, Local Transfer Thailand, Local Transfer Indonesia, Local Transfer Vietnam, Klarna, Giropay, IDEAL, Rapid Transfer, Trustly, Santander, HSBC, Caixa, Boleto, Bancolombia, China UnionPay, PSE, Tinkoff.ru, Webpay, Itau, SPEI, Multibanco, Verkkopankki, WeChat, EcoPayz, AstroPay, Efecty, OXXO, Western Union, PagoEfectivo, Rapipago, Carulla, EDEQ, Davivienda, Surtimax, Almancense Exito, Bancomer, Banorte, Redpagos, Servipag
Inactivity Fee
Interest on Margin
Withdrawal Fee

RoboForex Trading Platforms and Conditions

Trading Platforms
MetaTrader 4 (MT4), MetaTrader 5 (MT5), R MobileTrader, R StocksTrader
Execution Speed
40 ms
Scalping
Expert Advisors (EAs)
Depth of Market (DOM)
Spread
low

RoboForex Trading Assets

Currencies
33
Indices
12
Stocks
8400
Cryptocurrencies
11
Bonds
0
Metals
5
Energies
2
Soft Commodities
4
ETFs
19

Education and Analytics

Economic Calendar
Indicators
Robots
Signals
Autochartist
Expert Analytics
News Feed
Education Articles
Webinars
Seminars

Broker Bonuses

Bonus TypeSizeDetails
Welcome Bonus$30Learn More

RoboForex Support

Telegram
Facebook
YouTube
Instagram
Twitter

RoboForex vs Competitors

FeaturesRoboForexXMHFMIC MarketsExnessAMarkets
TypeMM, STP, ECNMMMM, STPECN, DMAMM, STP, ECNECN, STP
Minimum Deposit$10$5$1$200$10$100
RegulatorsBFSCBFSC, CySEC, ASIC, DFSASVGFSA, FSCA, SFSA, CySEC, FCA, DFSA, CMASFSA, ASIC, CySEC, CMAFCA, SFSA, FSCA, FSC, BVIFSC, CySEC, CBCS, CMAFSC, MISA, SVGFSA
PlatformsMetaTrader 4 (MT4), MetaTrader 5 (MT5), R MobileTrader, R StocksTraderMetaTrader 4 (MT4), MetaTrader 5 (MT5)MetaTrader 4 (MT4), MetaTrader 5 (MT5)MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingViewMetaTrader 4 (MT4), MetaTrader 5 (MT5)MetaTrader 4 (MT4), MetaTrader 5 (MT5)
Spreadlowlowaveragelowlowlow
Leverage1:20001:10001:20001:5001:20001:3000
AssetsCurrencies, Indices, Stocks, ETFs, Metals, Energies, Soft CommoditiesCurrencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft CommoditiesCurrencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft CommoditiesCurrencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft CommoditiesCurrencies, Indices, Stocks, Cryptocurrencies, Metals, EnergiesCurrencies, Indices, Stocks, Cryptocurrencies, Bonds, Metals, Energies, Soft Commodities

FAQ

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