RoboForex Overview
| Website | roboforex.com |
| Year Founded | 2009 |
| Countries of Registration | Belize |
| Website Languages | English, Spanish |
| Regulators | BFSC |
| Broker Type | MM, STP, ECN |
| Dealing | A-book, B-book |
| Minimum Deposit | $10 |
| Account Currencies | USD, EUR, CNY, XAU |
| Spread | low |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), R MobileTrader, R StocksTrader |
| Trading Assets | Currencies, Indices, Stocks, ETFs, Metals, Energies, Soft Commodities |
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
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!
1/10/2024I’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.
2/20/2024RoboForex 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!
3/5/2024As 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.
4/12/2024RoboForex 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!
5/18/2024Leave a Review
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
| Property | Pro | ECN | Prime | Pro-Cent |
|---|---|---|---|---|
| Deposit | $10 | $10 | $10 | $10 |
| Lot Size | 0.01 lots | 0.01 lots | 0.01 lots | 0.01 lots |
| Spread Type | Floating | Floating | Floating | Floating |
| Execution | Market | Market | Market | Market |
| Min Spread | 1.3 pips | 0.1 pips | 0 pips | 1.3 pips |
| Fee | No | $4 per 1 lot | $2 per 1 lot | No |
| Max Leverage | 1:2000 | 1:500 | 1:300 | 1:2000 |
| Stop Out | 20% | 40% | 100% | 40% |
| Margin Call | 50% | 60% | 100% | 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 |
| Deposit and withdrawal 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 Type | Size | Details |
|---|---|---|
| Welcome Bonus | $30 | Learn More |
RoboForex Support
| [email protected] | |
| Phone | +593964256286 |
| Telegram | Telegram |
| YouTube | YouTube |
RoboForex vs Competitors
| Features | RoboForex | XM | HFM | IC Markets | Exness | AMarkets |
|---|---|---|---|---|---|---|
| Type | MM, STP, ECN | MM | MM, STP | ECN, DMA | MM, STP, ECN | ECN, STP |
| Minimum Deposit | $10 | $5 | $1 | $200 | $10 | $100 |
| Regulators | BFSC | BFSC, CySEC, ASIC, DFSA | SVGFSA, FSCA, SFSA, CySEC, FCA, DFSA, CMA | SFSA, ASIC, CySEC, CMA | FCA, SFSA, FSCA, FSC, BVIFSC, CySEC, CBCS, CMA | FSC, MISA, SVGFSA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), R MobileTrader, R StocksTrader | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Spread | low | low | average | low | low | low |
| Leverage | 1:2000 | 1:1000 | 1:2000 | 1:500 | 1:2000 | 1:3000 |
| Assets | Currencies, Indices, Stocks, ETFs, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies | Currencies, Indices, Stocks, Cryptocurrencies, Bonds, Metals, Energies, Soft Commodities |
