In the dynamic realm of the Foreign exchange industry, RoboForex emerges as an exceptional brokerage, prioritizing the needs of its clients with an impressive count of over 3 million live trading accounts.
Established in 2009, this widely recognized brokerage has successfully expanded its operations on a global scale, amassing a remarkable array of accolades and accomplishments along the way.
Headquartered in Belize, RoboForex operates under the regulation of the IFSC (International Financial Services Commission) with the esteemed license number 000138/210.
Furthermore, the brokerage extends a vast selection of trading instruments, boasting an impressive catalog of over 12,000 options. From investment platforms to trading platforms and an array of other floating assets, RoboForex caters to a diverse range of trading preferences.
Notably, RoboForex has forged significant partnerships, including an esteemed collaboration with BMW Motorsport Corp. Additionally, the brokerage has secured a long-term sponsorship contract with the indomitable Muay Thai fighter Andrei Kulebin, who currently holds the title of world kickboxing champion.
Amidst these remarkable endeavors, RoboForex presents an abundance of trading opportunities, a strong global presence, and trading solutions designed with the human element in mind. Furthermore, the brokerage entices traders with enticing bonuses, promotions, and a plethora of exciting features. Uncover all that awaits you!
| Accounts | Currencies | Min. deposit | Leverage | Starting Spreads | Demo Account | Rollover Free | Decimal Pricing | Commission per trade | Max. Lot Size Per Trade | Min. Lot Size Per Trade |
|---|---|---|---|---|---|---|---|---|---|---|
| Prime Account | USD, EUR, GOLD | $10 USD / 10 EUR | 1:300 | Floating from 0 pips | Yes | Yes | Yes | 500 Lots | 0.01 Lots | |
| ECN Account | USD, EUR, GOLD | $10 USD / 10 EUR | 1:500 | Floating from 0 pips | No | Yes | Yes | 500 Lots | 0.01 Lots | |
| R StocksTrader Account | USD, EUR, GOLD | $100 USD | 1:500 | from 0 | Yes | Yes | 15 USD per 1 million base currency | No limitations | 0.01 USD | |
| ProCent Account | USD, EUR, GOLD | $10 USD / 10 EUR | 1:2000 | Floating from 1.3 pips | No | Yes | Not available | 1000 Lots | 0.1 Lots | |
| Pro Account | USD, EUR, GOLD | $10 USD / 10 EUR | 1:2000 | Floating from 1.3 pips | Yes | Yes | Not available | 500 Lots | 0.01 Lots |
| Broker Type | Minimum Deposit | Forex Majors Spread | Maximum Leverage | Min. Trade Size | Scalping | Hedging | Free Demo | USA Traders |
|---|---|---|---|---|---|---|---|---|
| STP | $10 | 0.0 | 2000:1 | 0.01 lot | Yes | Yes | Yes | No |
When it comes to trading platforms, RoboForex literally comes top of the list with their wide range of trading platforms which obviously includes:
Let's break it down in a bit…
Mobile Trading:
RoboForex is now providing mobile trading opportunities to traders across the globe. As for mobile trading, they are rendering access to all of their trading platforms including MT4, MT5, cTrader, and R Trader.
And... it gets even BETTER!
The mobile trading platform is available for both android and ios devices. Apparently, to use the platform, you've to first download it from the google play store or app store and then access it with the Live server of RF.
Moving on, You can experience the whole functionalities of MT4 and MT5's desktop versions in the mobile trading app.
As for the cTrader, you'll be able to access several tools and basic functions such as pinch to zoom, in-app notification, filing scrolling, and much more!
The same goes for the R Trader mobile platform as it provides all in one solution along with 14+ trading indicators, live charts-quotes, and multi-language( up to 22 languages) support.
Source: 55brokers.com
The MT4 trading platform is probably the most flexible and easy-to-use trading platform out there.
It will give you access to use your personalized EA's, 50+ trading indicators, basic graphic tools, advanced charts, market trends, and much more!
On the other hand, the MT5 is available for all traders and it is known as the next-gen platform through its prominence performance and speed accuracy.
In the MT5 you'll be getting 4+ order execution, more than 6 types of pending orders, various trading indicators, hedging capabilities, trends, and much more!
Also, RoboForex also renders one of the most innovative and smart trading platforms of the current time "cTrader".
The platform comes with 54+ trading indicators along with 14+ time frames. The platform is compatible with both mobile and pc.
However, RoboForex also offers a very specific trading platform “R Trader” that is exclusive to only the users of RF. The platform comes with a classic and user-friendly interface along with action-packed features.
It offers 13+ inbuilt indicators, 9+ trading graphs, market depth (pt. 2), automated trading, netting-hedging, and much more! Moreover, the platform is available on pc and mobile devices.
RoboForex is not only known worldwide for its safe and secure trading environments, there's more to it than meets the eye!
As they also offer a wide range of market assets to trade on especially they offer 26+ cryptocurrencies which are undoubtedly impeccable compared to other brokers.
| FX/Currencies | Roboforex | IG | XTB |
|---|---|---|---|
| # of forex pairs offered | 32 | 90 | 48 |
| Major forex pairs | ✅ | ✅ | ✅ |
| Minor forex pairs | ✅ | ✅ | ✅ |
| Exotic forex pairs | ✅ | ✅ | ✅ |
| Cryptocurrencies* | ❌ | ✅ | ✅ |
| Commodity CFDs | |||
| # of commodities offered | 0 | 34 | 21 |
| Metals | ✅ | ✅ | ✅ |
| Energies | ❌ | ✅ | ✅ |
| Agricultural | ❌ | ✅ | ✅ |
| Index & Stock CFDs | |||
| # of stocks offered | 0 | 8000 | 1606 |
| UK shares | ❌ | ✅ | ✅ |
| US shares | ❌ | ✅ | ✅ |
| German shares | ❌ | ✅ | ✅ |
However, you'll be given access to:
Besides, to know more about these awesome features provided by RoboForex, you can visit their official website.
RoboForex Ltd. is a brokerage company that is regulated by the International Financial Services Commission (IFSC) under license number 000138/210. This regulatory oversight ensures that RoboForex operates within the guidelines and regulations set by the IFSC.
Additionally, as a part of the IFSC's compensation fund, RoboForex Ltd. is obligated to provide financial protection to its clients. In the event of any legal case or claim against the company, they are required to pay a minimum of €20,000 to the affected party.
It is important to note that regulation and participation in a compensation fund provide some level of assurance and protection for clients, as they establish certain standards and requirements that the brokerage company must adhere to.
| Supported Languages | English |
| Customer Service By | Live Chat, Email |
| Service Hours | 24/7 |
| Email Response | info@roboforex.com |
| One Click Trading | Yes |
| Stop Order | Yes |
| Limit Order | Yes |
| Trade off Charts | No |
| Market Order | Yes |
| 24hr Trading | Yes |
| Email Alerts | Yes |
| Trailing Stop Order | Yes |
| Charting Package | Yes |
| Mobile Alerts | Yes |
| OCO Orders | Yes |
| Streaming News Feed | Yes |
RoboForex preliminarily renders 5 types of trading accounts to the retail market traders. Which goes as follows:
The Prime accounts, ECN accounts, R Trader, Pro-Cent, and last but not least Pro-Standard accounts. Anyways, just so you know these accounts require fewer deposit amounts compared to other brokers like Exness, HotForex, and Tickmill.
And as per the minimum deposit amount, it is $10 for most of the accounts provided by RoboForex except the R Trader trading accounts which of course requires a minimum deposit amount of $100 to start trading and which is without a doubt quite low.
For a better overview:
Source: 55brokers.com
You get the idea, right?
Anyways, here’s the account opening procedure at a glance:
Source: topratedforexbrokers.com
Moving on, if you're a professional market trader then the ECN and Prime accounts are forged specially for you. The accounts provide zero pips along with multi-asset trading. So, which ones are BEST for beginners or novice traders?
It's the Pro-Cent and Pro-Standard trading accounts which are ready to go at any time, just give the call.
Anyways, the primary difference between each account is probably margin and leverage. Also all the exciting trading bonuses are available only on the Pro trading accounts.
RoboForex also provides Islamic swap-free trading accounts for all Muslim traders across the globe. Not only that, you'll be getting strategic and investment solutions using their digitalized and innovative RAMM platforms for both short-term and long-term trading procedures.
Anyways, here’s the spreads of RoboForex which really stands out compared to other foreign exchange brokers.
| Forex | Roboforex | City Index | XTB |
|---|---|---|---|
| EUR/USD (Average: 0.7 pips) |
1.3 pips | 0.7 pips | 0.1 pips |
| GBP/USD (Average: 1.1 pips) |
1.3 pips | 1.7 pips | 0.1 pips |
| USD/JPY (Average: 1.1 pips) |
1.6 pips | 0.6 pips | 0.1 pips |
| AUD/USD (Average: 0.8 pips) |
1.6 pips | 0.6 pips | 0.2 pips |
| USD/CHF (Average: 2.3 pips) |
2.0 pips | 2.3 pips | 0.2 pips |
| USD/CAD (Average: 2.9 pips) |
1.5 pips | 0.5 pips | 0.3 pips |
| NZD/USD (Average: 3.6 pips) |
1.2 pips | 2.8 pips | 0.3 pips |
| EUR/GBP (Average: 2.4 pips) |
1.0 pips | 0.5 pips | 0.1 pips |
In addition, the leverage rate of RoboForex differs while judging the account types.
As a result, the Pro-cent and standard trading accounts offer a 1:2000 leverage rate, on the other hand, the Prime and R trader accounts render a leverage rate of 1:300. As for the ECN accounts, it's 1:5000.
Deposits and Withdrawals
If it ever comes to providing a wide range of transaction methods, RoboForex is no exception.
The broker offers more than a dozen transaction methods along with the compatibility of 9 different currencies to choose from while making a deposit.
For making deposits they permit local and international banks, card payments, cryptocurrencies (for non-EU clients only) , electronic wallets, and much more!
Note: RoboForex doesn't allow Paypal therefore you won't be able to deposit with PayPal and the minimum deposit amount is $10.
Moving on, the withdrawal process can be a little bulky sometimes as it can take more than 48 hours on various occasions. But it's not always like that though!
You'll be getting up to 13 transaction methods for placing a withdrawal including cryptocurrencies (non-EU clients only). As per the commissions, it varies between 0.5% to 2.8%.
Note: RoboForex offers a free fund withdrawal program where you'll be able to withdraw money without any commissions but only twice a month.
Reliable customer support is a must-have feature for a brokerage company in order to stay at the top of the race. Bearing that in mind, RoboForex also fabricated a 24/7 superactive customer support protocol.
The customer support of Robo comes with multi language support (more than 12 languages) including Arabic, English, Indonesian, Spanish, Malaysian, i.e.
Moving on, the physical head office of RoboForex is situated at 2118 Guava Street, Belize City.
Forex education materials are a great way to find your way through this unstable and volatile trading industry. As it can help you to stay up to date with a lot of things.
RoboForex gets that significance quite well!
As a reason, they have fabricated a committed learning center where you'll find out numerous webinars, blog posts, analysis, trading tips, guide books, video tutorials, and whatnot!
It is well organized and also made in using a user-friendly perspective. So, the beginners could get a hold of everything that's been going on!
RoboForex is a reputable and customer-centric online broker that offers a wide range of trading services to clients worldwide. With its advanced trading platforms, diverse account types, competitive trading conditions, strong regulatory framework, and dedicated customer support, RoboForex has positioned itself as a reliable choice for traders of all levels of expertise.
Whether you are a beginner looking to enter the world of trading or an experienced trader seeking a reliable broker, RoboForex provides the necessary tools, resources, and support to help you succeed in the financial markets.
Our User Reviews Section is a great way to learn more about our brokers and services from people who have already used them. We encourage our customers to leave honest feedback about their experiences, so that you can make an informed decision about whether or not to purchase from us.
| Nigeria
Execution speed surprised me. Trades happen instantly with no lag. Their platform is user-friendly, and the variety of trading instruments, including crypto, keeps it exciting.
26 Aug, 2024
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