Roboforex Review
RoboForex Review
RoboForex Group has been operating since 2009 and is recognized by the most respected experts in the financial market, has well as having two entities: RoboForex with services around the world; and RoboMarkets Ltd.
Cyprus offers a variety of services, including trading, that can be used by traders from the EU and EEA. The company has served numerous clients over its operation – many are from all over the world and some have gotten recognition for their advanced trading proposal.
One thing you might appreciate about RoboForex’s trading proposal is the availability of a wide range of trade software or platforms, such as MetaTrader; cTrade or proprietary RTrade. They are also offering ContestFX – an exciting new Roboforex contest project that offers solutions through trading.
Where Contests are held on demo accounts every week and month, prizes are deposited to a real trading account so you can start your career with great opportunity in the market.
What you should know
Roboforex Broker offers two trading options: forex and CFDs. There are different asset types available for you on the Roboforex platform. These may vary based on which region of the world you are in, as well as what entity your account is with.
Roboforex has a minimum deposit requirement of $1, with various levels to increase in skill and experience. There are demo accounts available so you can familiarize yourself before investing your money.
Is Roboforex safe?
Roboforex is a regulated broker, so when choosing them for your trading needs you can be sure that trades are not being conducted without any supervision.
The Cyprus Securities and Exchange Commission (CySEC) is a regulatory body that supervises RoboForex, so they are more likely to avoid manipulating market prices or committing fraud. If Roboforex breaks any of these rules then their regulated status could very well be stripped but with proper handling of withdrawals, it should never happen in the first place. Losses on deposits may exceed deposits
Is Roboforex Global?
RoboForex Broker is global in its scope of operation, and can be found trading 163 countries. It has significant presence in nations such as the United Kingdom, Germany Australia and South Africa, with a total of 10 000 users on this platform! This company’s accomplishments are nothing to scoff at.
Roboforex Awards
Roboforex, a financial broker ran for 13 years and with industry awards to show for it. Below is their most notable award list:
- Best Global Forex 2019 Award winner
- Manchester Investor is the Best Crypto Broker Winner 2018
- London Investor Show Safest Broker 2018
- IAFT is the fastest growing forex brand in Asia and 2016’s best ECN broker.
- Trading with us has been awarded the 2014 Best Standard Forex Broker Award.
- Best ECN Broker Award in 2013
- Best Retail Forex Brand in Russia Award was given to Roboforex in 2013.
- Fastest-Growing ECN BROKER IN EASTERN EUROPE AWARD In 2012
- BEST FOREX BROKER AWARD 2012
- You have found the best Forex broker for automated trading in 2012.
Roboforex Fees Explained
Roboforex charges different withdrawal fees depending on the payment method you choose. Roboforex does not charge a fee for inactive accounts, and there is no deposit fee either. However, brokers may charge clients various trading fees that will affect their bottom line- be aware of these in order to have an understanding as to how they might impact your overall performance too.
Roboforex Minimum Deposit
Roboforex requires a minimum deposit of 1 GBP/USD/EUR when opening a Roboforex trading account.
Roboforex requires a minimum deposit of 1 GBP/USD/EUR when opening a Roboforex trading account. Roboforex is a popular online brokerage that charges its customers a minimum deposit. Don’t be scared off by brokers charging higher minimum deposits- they often offer premium services not available on other platforms.
Brokers with lower minimum deposits are geared toward mainstream users and don’t tend to offer advanced features such as research tools, yet can still yield good returns for those who know how to trade wisely when it comes to fees and commissions. Brokerages without any required minimum deposit charge will usually have higher transaction commission rates or other trading fees in order to make the same amount of money without having this requirement of an initial investment
Brokers that require a larger minimum deposit offer more extended trading features on their platforms, such as in-depth technical analysis and research tools. As the market of online brokers has grown, it is becoming easier to open an account with a lower limit due to increased competition among brokers. Some people choose not to bother with opening an account since they can go up as high as 10k GBP or USD.
Roboforex Withdrawal Fees
Roboforex withdrawal fees depend on the payment method you selected.
Each broker has its own specific rules on how you can withdraw funds from your trading accounts. This is because each brokerage firm will have different withdrawal methods, and a payment provider may have differing transfer processing fees, process times and a potential currency conversion fee.
For example, Roboforex allows you to withdraw funds with Credit cards, VISA MasterCard JCB Debit cards Bank Transfer Electronic wallets (eWallets) Neteller Skrill Perfect Money AdvCash Bitcoin WebMoney BPAY China UnionPay FasaPay CashU QIWI Yandex Money WeChat Pay ecoPayz Astro pay Sofort Giropay Poli Wepay iDEAL Payoneer.
Roboforex Deposit Fees
Roboforex does not charge deposit fees. Although bank / 3rd party merchant fees may apply.
When you deposit funds from a payment method to your account, some brokers may charge you a fee. This is because the payment method which you use to fund your account may be charged with fees by its issuer.
Roboforex Commission Fees
Roboforex does not charge commission on CFD instruments.A broker is a third-party service that will charge you a commission fee as part of their service. Your brokerage may make most of its revenue from charging registered traders with commission fees on client transactions.
Commission fees can also vary depending on what type of trading account level you have, the asset type and the transaction types being traded. Broker commissions are charged if the brokerage fulfils an order or cancels it for example, but no commission is charged in cases where a market order isn’t fulfilled by your company’s system (with some exceptions).
If your order has been modified or cancelled at any point during this process, don’t be surprised to find yourself paying more since these orders trigger additional charges too!
What can you trade with Roboforex?
Roboforex is a Forex broker which offers over 100 different trading instruments. This can differ on the country of residence and entity that holds your account. In addition, the Forex brokers you choose to trade with may affect what instruments are available for your use- Roboforex currently offers 35 currency pairs as well as many other financial products. Compare us with eToro and IC Markets below.
Is the Roboforex Trading Platform Secure?
Roboforex secures your personal information through SSL encryption and urges you to always look for the SSL security sign (a lock sign) while operating Roboforex.
Roboforex Trading Platform Options
After logging into your Roboforex account, you will see the options below available for trading.
- Roboforex CopyFX
- Roboforex R StocksTrader
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
- cTrader
RoboForex CopyFX Trading Platform
Copy-trading, also known as social trading, is growing rapidly in popularity. To meet the demands of their customers, RoboForex launched CopyFX- a platform for traders to follow and copy other traders’ Forex trades through an online community. You can create your RoboForex account by simply registering with them and going to the member’s area on their website where you will see a link to open up a roboforex mt4 trader account.
RoboForex CopyFX Leverage Trading
When you create your RoboForex copyFX account, there are a few different trading leverage options available. These include 1:2000, 1:1000, 1:500 and so on.
To illustrate what this means for a trader if one were to trade with an account of 100 USD (1/2 the amount) and use the appropriate 500 leverage that trader is able to trade up to 50 000 USD! Understand that using leverages is high risk as it very often leads to loss; only expert traders should consider using them.
Roboforex R StocksTrader
Roboforex offers a bespoke, custom-built trading platform: R StocksTrader. Built from the ground up and allowing traders to trade more than 12,000 different financial assets on live markets, with trades executed in just 1 millisecond.
The Roboforex trading platform is well designed for modern traders as it allows them to monitor a range of financial instruments through web and mobile devices – thanks to its user-friendly UI. The design of the charting interface also makes it possible for users to add watchlists and view many different types of data in multiple windows that can be customized according.
Roboforex MetaTrader 4 (MT4)
MetaTrader 4, also known as MT4 is one of the best forex trading platforms available and has been inactive use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich interface that’s user-friendly and extremely customisable to fulfil all your trading needs.
Charting functionality, and advanced order management tools are just some aspects that make it stand out from other platforms. You can trade Forex with this platform but you will not be able to trade Stocks, Indices or Commodities without CFDs or Roboforex Spread bets contracts because there’s no such thing as owning any underlying assets when it comes to CFDs or Spread bets trades.
You can start using the MetaTrader4 platform with Roboforex in multiple formats, such as through an online web platform or through a downloadable application for Windows PC’s and Apple Macintosh computers. With our newest macOS Mojave release, you can trade on your mobile devices with our Android and iOS apps!
Metatrader 4 Webtrader on Roboforex
MetaTrader 4 is the most popular trading platform in the world, with many and more traders starting to trade online. MetaTrader 4 is available as a web-based application through your browser that provides you with advanced charting options for a customizable trading environment and easy to access tools for online trades; it also offers different indicators so that you can make quicker decisions. You can enjoy our Raw Pricing environment without having an Investment Bank account- from anywhere in the world!
Trade Roboforex MetaTrader 4 on iOS Devices
You can download the Roboforex app or trade with them through the MetaTrader 4 application on Apple’s App Store. Roboforex customers have instant access to global financial markets, which can be managed from their phones.
Trade Roboforex MetaTrader 4 on Android Devices
Roboforex makes it possible for Android clients to trade on their mobile devices- and the best part is that they can do this from anywhere. With Roboforex, traders have access to the MetaTrader 4 platform which can be used on supported Android devices. The App provides customers with advanced trading features so they are able to monitor financial markets and trade Forex quickly right from their Smartphones or tablets.
Roboforex MetaTrader 5 (MT5)
MetaTrader 5 is an updated version of MetaTrader 4 that features additional timeframes and advanced charting tools. In addition, it’s the only trading platform with a wide range of asset classes including Forex, Futures, Stocks, Algorithmic Trading and Indices.
Roboforex MetaTrader 5 on iOS Devices
Roboforex MetaTrader 5 can operate on newer iOS devices like iPhone and iPad. New versions of the app provide improved functionality and increased stability over older versions. In addition, it’s suggested you upgrade to a new version regularly because they have updated information about trade execution in their mobile platform application. The desktop interface is identical to the web-based one – all-important trading functions are available on RoboForex Mobile Terminal for Android as well as Apple IOS terminals
Roboforex MetaTrader 5 on Android Devices
MetaTrader 5 for Android can be used on a smartphone or tablet powered by an operating system of the latest version of Android. Additionally, to connect with the Roboforex trading server. Take the time to understand all of MetaTrader 5 features and functions in Metatrader5 for Android – you can trade any financial instrument at any time, anywhere!
Roboforex Metatrader Mobile Application Features
The developers of Metatrader, MetaQuotes have listened to the feedback of their millions of users and have built a trading platform that is now available on mobile. Some features include:
- Financial instruments quotes
- View in-depth price charts for financial instruments
- Manage trades and open positions -View your trading history
- View market news
Roboforex MetaTrader 5 Advanced Trading Tools
Robforex MetaTrader 5 has many advanced trading tools for the more experienced traders. Understanding these tools can give you a competitive edge and help you expand your knowledge.
- Depth of market bids and asks
- Price Data
- Margin Calculation, Futures, Forex
- Advanced Techincal Analysis
- One-click trading
- Spreads
- Futures
- Trading Reports
We offer favourable trading conditions and a small minimum deposit
The CopyFx investment program is unique.
Highest affiliate payments: $5 per lot
Our company will be launching a new market – STP and ECN.
To withdraw funds instantly
Disadvantages of RoboForex:
- The minimum deposit is $10.
- 36 different currency pairs are available for accounts: Pro, Pro-Cent, ECN, and Prime.
- Lack of crypto-related tools available on the R Trader platform
Is Roboforex A Good Broker?
We spent over 3 months looking into Roboforex and found many aspects to be really good. Our personal experience was quite pleasant, too-we traded with them for a long time without any problems. Considering all points, we think this is a reputable broker!
Roboforex has a good track record with Forex and CFDs, having been in the industry for over 13 years. The company’s customer support team is at least 10 people strong, while they are regulated by CySEC – meaning that any grievances can be taken care of by either a regulatory body or an arbitration service.
Roboforex also have what it takes to process both deposits and withdrawals within 2-3 days max; this is important when withdrawing funds from our account. They are locally present in many countries around the globe which means you get local seminars and training sessions as well as better communication with someone who speaks your language!
Conclusion
RoboForex’s review shows that this broker provides a large range of technological solutions to satisfy traders of all sizes and strategies. They provide good platforms and a wide selection of assets for trading, as well as good tools for power trading. RoboForex also offers educational materials, analytical research, and contests that show their great assistance in all the processes and impact towards deserved trust from many clients they serve.
