RoboForex Review 2023 Detailed Information about RoboForex Forex Broker

The assistance from the customer support team is available 24/7 through email, social media, live chat features, and WhatsApp messages. The cTrader presents traders the options of zooming in through the pinch-zoom feature, scrolling options, double-tap functionalities for recent trading plans. At RoboForex, the spreads are related to the account type that has been opted for on the platform. The spreads valuations are also very competitive in nature due to the FBS and FXTM broker facilities.

The cTrader is suitable for Forex traders with advanced trading experience. As per the RoboForex reviews, it also offers a Swap privatized account. Clients can open a fiscal exchange account from the RoboForex homepage and initiate an exchange in an active market. The cashback rebates offered in the VIP program of RoboForex are up to a 40% payout percentage. Moreover, there are no restrictions as there are VPS server accessibilities.

• The spreads have an aggregate value exchange rate of 1.4 pips for EUR USD. For US trading alerts, it is at an exchange rate of 1.75, and the pips for commodities like Gold are about 22 pips.
• There are a total of 6 trading platforms available at RoboForex that you can use right now.
• Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites.
• We always strive to improve the quality of our services and will surely handle your situation.
• It provides neutral arbitration if necessary, and provides each client with insurance of up to €20,000 in the event the broker would encounter financial distress.

RoboForex, an international financial company, has received a license from the National Bank of the Republic of Belarus. Its affiliated company was listed in the forex companies registry in accordance with the country’s current and local legislation. To enter a new market, RoboForex and RoboMarkets joined their expertise and financial technology efforts to provide their… In case you prefer the latest version of MetaTrader, MT5 will allow the choice between net and hedge systems through 4 types of executions. In addition, MT5 features comprehensive analysis tools and market depth.

The third promotional offer from RoboForex is called the Classic Bonus program and it pays up to 115% deposit bonus, up to $50,000. Besides being regulated by the IFSC, RoboForex participates in regulation by being a member of the Financial Commission, which is an independent self-regulatory organization. Traders can use the commission as an external dispute resolution body and take measures against member brokers by arbitration. Since its inception in 2009, RoboForex has been gradually gaining popularity among Forex traders. It is registered in the Island nation of Belize, which is a major offshore financial hub with a strong financial sector. RoboForex’s office is located at 2118 Guava Street, Belama Phase 1, Belize City, Belize.

RoboForex for Beginners

Well, RoboForex is a regulated broker and gained trust from millions of traders so you can trust them easily. The broker is also a member of the Compensation Fund of the Financial Commission. This organization offers up to €20,000 protection in case a member refuses to accept a judgment from the commission. Besides, it is listed as an “A” member by the Financial Commission.

It is clear to see why they are a multi-award-winning online broker. I think they can be a great choice of broker for anyone looking to trade CFDs on Forex, Cryptos, Stocks and much more. When you practise on a Roboforex demo account, one of the many advantages you’ll enjoy is the opportunity to get acquainted with the more technical parts of the Roboforex platform. Roboforex demo accounts allow you to experience and practice a variety of market charts, Roboforex trading indicators, and trading strategies using Roboforex. Online trading on trading platforms like Roboforex have seen huge growth in the last 3 years. Trading with Roboforex requires that you take the time to learn how financial markets work and are able to trade with Roboforex using in depth technical analysis and Roboforex risk management trading tools.

RoboForex keeps its clients’ funds separate from the Company’s funds, thereby guaranteeing that they are protected from unlawful use. The company is also a participant of The Financial Commission’s Compensation Fund which is used in the unlikely event of the Company’s failure to fulfill its obligations. RoboForex does not levy internal costs for deposits or withdrawals, and the secure Members Area handles all financial transactions. A quick online form asking for a name, e-mail, and valid mobile phone number grants access to the back office. Account verification is mandatory, per regulatory requirements, and RoboForex remains in full compliance. A copy of an ID and a proof of residency document generally satisfies this step.

Placing A Buy Or Sell Order On Roboforex

The main difference between the account is that some offer lower variable spreads with a commission charge and others offer marked up variable spreads with no commission charge. You can choose an account depending on if you need tight spreads or would prefer to pay no commission. Either way, I think all of the accounts can provide good trading conditions for all trading strategies. Traders can choose to open a demo, real, CopyFX Trader, Partner, or contest Account. They will also have to complete their residential address details. Feel free to use currency pairs, oil, gas, popular shares, and indices, precious metals in the form of trading instruments.

There is 0% commission for deposits and withdrawals as all expenses are covered by the broker. They also compensate clients commission for funds withdrawal twice a month. VPS’s can be accessed via desktop, laptop or mobile devices at the same time. To qualify for a free VPS, clients need to maintain an account balance of at least $300 and produce a monthly trading volume of at least 3 standard lots. However, for British traders with bank accounts denominated in GBP, a currency conversion fee will be charged for deposits and withdrawals. Currency conversion fees can make trading expensive and can affect profitability.

roboforex review Account is also a very good choice for experienced traders. When trading with Roboforex, there are a variety of payment options accessible; different brokers support different deposit and withdrawal methods. Each trade payment option has its own set of benefits and cons in terms of costs, processing times, and limits.

Roboforex’s customer support is excellent compared to other similar brokers. Additionally, its customer service team is available 24/7 for all client account and technical questions. Overall, while RoboForex offers a relatively limited selection of currency, indices, and cryptocurrency pairs, it maintains an excellent range of shares, ETFs, and commodities.

From the moment of its foundation, RoboForex has always been focused on providing best trading conditions using innovative technologies and many years of experience. RoboForex is a financial brokerage company, which offers 8 asset types and more than 12,000 instruments for trading. We’re very proud of a variety of services we provide our clients and partners with, which are of the same quality for all, regardless their experience and amount of their investments.

Trading accounts of RoboForex

Roboforex does not charge for dormant inactive trading accounts. Brokers typically attempt to compensate for lack of commissions by charging inactivity fees. RoboForex has also partnered with investment platforms like CopyFX and developed unique RAMM accounts so that traders can automate their trading. Concluding the RoboForex review, we admit a safe broker offers quality trading solutions. RoboForex provides expanded trading strategies and a certain way of dealing with markets and traders that gained a reliable and respected reputation. Starting to trade with RoboForex, you will first need to open an account and deposit funds.

I never saw a shadow which not available on other brokers charts.

Trading costs vary depending on the account type chosen by a trader . The high-quality analytics is a relevant advantage for both novice and experienced traders. The broker RoboForex brings joy to its customers by posting video outlooks and forecasts, holding free webinars on a regular basis and giving an access to a wide range of functional services. For example, you can obtain an analytics from the authoritative and well-known bureau TradingCentral and the leading financial agency DowJones. The most precise trading hours and economic calendar will serve as an additional pleasant option. If you wish to participate actively in the life of a broker to go RoboForex webinars.

Other account types will see varied access to the assets on offer. For example, most account types have access to 36 different currency pairs. The ProCent platform only has access to the 36 currency pairs, and metals.

Roboforex cryptocurrency fees can vary, but most exchanges charge between 0.1% to 1% or more per trade. That means that if you’ve used $1,000 to invest in a certain crypto, the fee you will eventually pay for that transaction could be anywhere between $100 and $1,000. Roboforex cryptocurrency fees include a fee for the Maker and Taker .

Yldontnread the positive reviews they…

RoboForex recently registered a company in Cyprus called RoboMarkets Ltd and hopefully, they will be soon be regulated by the CySEC in the future. But for now, traders looking for an offshore broker only have the IFSC in Belize to watch their backs. RoboForex is definitely marketing its services very aggressively and this is a great time to switch gears to make RoboForex your preferred broker if you are already trading with another company. Also, we found the withdrawal processing time to be rather high compared to other brokers. For example, it takes up to 5 business days to receive a wire transfer.

The trading platforms are available for desktop, web and mobile. I found them to be perfect for analysing charts, placing and managing trades without any hassle. All four of RoboForex’s trading platforms are available on both Android and iOS mobile devices and tablets. Beginner traders should be aware that there is some loss in functionality when compared to the desktop trading platforms, including reduced timeframes and fewer charting options.

The verification https://forexhero.info/cedure is intended for increasing the protection level of your funds and your Member’s Area. This procedure is a compulsory condition to start working with RoboForex. In addition, clients who confirm their personal data will receive a “Welcome bonus” and monthly payments up to 10% on their account balances, may join the “Cashback ” program, and enjoy free VPS services. As you can see from the table above, trading costs on the Prime and ECN accounts are lower than those of the commission-free accounts, and lower than those of other brokers. In fact, the Prime Account has some of the lowest trading fees in the industry, including the lowest commissions – most other brokers have an average trading cost of 9 USD per lot of EUR/USD traded.

RoboForex makes multiple trading platforms available for download. RoboForex Trading platforms include MetaTrader4, MetaTrader5, cTrader, R.StocksTrader and R.WebTrader. The R.StocksTrader is a web trading platform that allows traders to carry out financial transactions with the most advanced instruments, such as ETFs, and others. RoboForex provides 5 different live trading accounts, Prime, ECN, R.StocksTrader, ProCent, and Pro. The minimum deposit amount required to open a RoboForex Account is $10 USD. It is not possible to predict future success based on past performance.

The R WebTrader has the same capabilities and features as the desktop version but instead runs directly within most modern desktop and mobile web browsers. This is useful for those who need to trade on the go from anywhere in the world. The web terminal does not require any software downloads or updates.

Our Ranked RoboForex Trust Score is 8 out of 10 for good reputation and service over the years, also reliable top-tier license, and serving regulated entities in each region it operates. When compared with the ECN-FIX SPREAD NDD with a fixed spread, the difference is obvious in favor of the ECN-PRO NDD account with a floating spread and Commission. With the R Trader functionalities, users are not affected by hindrances such as software updates on their web browser for RoboForex. The rTrader platform has a seamless interface that is easy to operate.

The trading calculator allows you to calculate your position parameters based on instrument, leverage, lot size and account currency. IFSC Belize follows the international AML (Anti-money laundering) policy, where all withdrawals must be made via the same method and for the same amount as the original deposit. RoboForex’s account-opening process is seamless and hassle-free compared to other ECN/market makers, and accounts are available for trading immediately. See this page of the Topbrokers.com web portal to keep an eye on the latest news and events from the broker RoboForex. Furthermore, we offer you to learn the independent users’ testimonials about the terms, services quality and the reliability of the RoboForex here. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Next, choose ‘account types’, trading platform, leverage, and preferred currency. Thanks to the trading platforms offered by the broker, you can trade Forex with both iOS and Android devices. The Forex broker offers a number of promotions and bonus systems. However, traders should keep in mind that according to the local laws in Europe, brokers are not able to offer their clients any type of promotion. Because of this, if you are a European retail trader, you will not be able to use any of the promotions.