RoboForex Review by TopAsiaFX

RoboForex is well-known for the availability of diverse account types with different features and benefits. It invites traders from beginner to intermediate to expert to begin trading in RoboForex with exceptional benefits.

Also, numerous account types increase versatility as they give traders the option to choose their level of trading, assessing risk, and profit returns.

Here are the types of accounts available in RoboForex.

• Prime Accounts
• ECN Accounts
• R StockTrader Accounts
• ProCent Accounts
• Pro Accounts
• Demo Accounts
• Islamic Accounts

Prime Accounts

The Prime account is designed to provide experienced and new traders with fantastic trading conditions. You need only invest $10 to access spot metals, twenty-eight FX pairs, and numerous CFDs.

The float in the Prime account commences from 0 pips, and the fee you must pay per million trade is only $10. Moreover, you will get a market leverage of 1:300, and the trade size begins from 0.01 lots and ends up to 500.

Not to mention, the capabilities of stop-outs are 100%. However, Prime accounts do not allow you to transfer to Islamic accounts freely. Yet, instead of bonuses on deposits, you will get cashback incentives.

ECN Accounts

ECN accounts are catered for experienced traders searching for consistent and fast order executions through the communication network. Similarly, the minimum deposit in ECN accounts is also $10.

You will find diverse offerings like CFDs and thirty-six Forex pairs. On the other hand, the spreads here are very flexible, and the pip starts from 0.0. However, the fees per million transactions in ECN accounts are $20.

The trading size commences at 0.01 lots, and the leverage can reach 1:500. Nevertheless, you won’t get to use Islamic account conversions in ECN accounts.

However, you can enjoy benefits like zero fees in withdrawal, bonuses, and rebates after opening an ECN account.

R StockTrader Accounts

If you want exclusive deals with stock trading, RoboForex offers the R StockTrader account, allowing you to deal with over twelve thousand products. Unlike the other two accounts, the deposit minimum here is $100.

Again, the commission applies based on different asset sizes and classes. To elaborate, for US equities, you must deposit $0.009 for each share exceeding $10k.

Also, for Forex, the leverage here is 1:20, and the leverage for US equities is 1:20. Yet, the rate for stop-outs is 20%. Similarly, you cannot swap to Islamic accounts in this account.

Also, it does not have any cashback offers. However, you can enjoy one-click trading and a feature showing a trade timeline's history.

ProCent Accounts

For people transitioning from demo accounts to actual trading, ProCent accounts are the best. In this account type, you can involve yourself in micro-lot trading. The minimum deposit is $10; you will get commodities and thirty-six currency pairings.

This account has zero commissions, and you will find the pips beginning at 1.3. Additionally, the leverage ratio is 1:2000, and you can deal starting from 0.1 lots to up to 1,000 lots.

The threshold for stop-outs is 10%, and you can enjoy rebates and bonuses. Also, ProCent accounts allow you to swap to Islamic, and one-click trading is also available.

Pro Account

RoboForex created the Pro account variant to target professional traders. There is no commission, and the spreads are tight. The deposit is a mere $10, and the spread range begins from 1.3 pips.

You can find functionality for market execution and leverage that reaches a maximum of 1:2000. Meanwhile, in terms of tradable lots, it starts at 0.01, while the ratio for expiry is 20%.

In Pro accounts, traders can enjoy cashback rewards and bonuses. Also, you can use Islamic account features.

Demo Account

New traders looking to practice with trading instruments and actual market conditions can use demo accounts without investing in finances. In this account, you will find a simulated market with virtual currencies that you can utilize to practice trading on MT5, MT4, or cTrader, where the leverage is 2000:1.

You can use the demo account for 90 days until it expires. Until then, you can execute trading strategies for various products and understand the advanced trading tools.

While the profit and losses are visual, the experience you get from practicing trading will give you confidence when you start trading. Also, you will slowly learn the aspects of trading or execute your experimental tactics to see results.

Islamic Accounts

RoboForex implements Islamic accounts for Muslim traders looking to trade in a Sharia-compliant environment. The account is also available for regular MT4 platform and penny accounts.

A fixed commission ensures that the following swap charges do not apply when positions are moved in the coming days. The commission charge also depends on lot sizes and currency pairings.

However, the pricing in this account remains transparent to the users. Meanwhile, the standard trading requirements are intact, and Muslim traders can access Forex Markets that strictly comply with Shariah finance principles.