RoboForex Review year Pros & Cons Revealed

Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. RoboForex presents clients with one well-regulated entity. European investment company RoboMarkets, which provides financial services to customers in many EU countries, announced the launch of a mobile version of the web platform for trading R Trader.

Personally i have https://forexhero.info/ account as well as Standard Pro account. The speed of execution quite good, but sometimes will experience some slippage during high volatility session. They do offer other trading platform if you wish not to use MetaTrader 4/5.

Fees

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. RoboForex offers unlimited demo accounts for MT4, MT5, cTrader, and its proprietary trading platform. The RoboForex demo accounts allow traders to recreate trading conditions close to but not the same as those experienced in a live account. When you are using high leverage, if something goes wrong and your position is not successful, you are in great danger of losing a lot of money.

• However, even in these cases, the broker at least felt it was important to obtain a license.
• For this purpose, however, a certain volume of trade must be implemented in the account again.
• WebtraderThe trading platforms offer universal charting and many options for technical analysis.

This way, you can never lose more money than you can afford. RoboForex very strictly follows the requirements of both regulatory agencies. Thanks to this, the Forex broker is one of the safest and secure FX brokers in the market. Still, there are some people who as if FoboForex is a legit Forex broker or not.

Offer of the month

Also, one of the greatest things RoboForex offers is a good range of trading software or platforms where you can select between industry-powerful MT5, MT4, cTrader, or R Stock Trader. Some brokers offer bonuses for opening an account, while others offer commissions for trading. This is where you need to do your research and find the right broker for you. Among many other things, the Forex broker offers as much as 12,000 trading assets.

Another great advantage is that you can create an account and create multiple trading accounts within it. In total, over 12,000 financial products and 7 asset classes are in the broker’s portfolio.This makes a first good impression on us because only a few other brokers in this category offer such a wide range. In accordance with our research, RoboForex is a broker licensed and regulated by the IFSC.

Commissions per lot, on the one hand, apply only to professional accounts such as Pro-Cent and ECN, which charge $2 per lot. At RoboForex, the minimum deposit depends on the account type. Pro-Cent, Pro-Standard, and ECN accounts have a minimum deposit of 10 USD, 10 EUR, or the equivalent in the currency of the account you have opened. RoboForex also hosts demo trading contests, but I advise against entering them, as they promote the wrong trading behavior in a risk-it-all to qualify for cash bonuses.

Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.

Commissions and Fees at RoboForex (RoboMarkets)

36 currency pairs, metals, CFDs, Cryptocurrencies are trading instruments available. The spreads differ and depends on the type of account being run. After reviewing RoboForex and its services, we were able to find out that this Forex broker is a reliable and safe company. We recommended the services that it offers to our clients. Thanks to the regulatory frameworks that RoboForex follows, it is able to offer clients a safe environment. Thanks to the trading platforms offered by the broker, you can trade Forex with both iOS and Android devices.

• RoboMarkets Ltd provides financial services only to the residents of the EU/EEA countries.
• If you are a beginner in Forex trading, it might be a better choice to go with either a demo account or a cent account.
• Will aggressively urge clients to make additional trades.
• Dont believe the positive reviews they are done by company scam.
• 1st on Saturday reached my account on Sunday the 2nd today within a business day.

Everything runs smoothly and you won’t have to worry about the safety of your investment. The reviews online, just like this Roboforex withdrawal review, show that the broker is legit and there is a quick withdrawal. Plus, the Traders Union additional payments are also great, plus there are a variety of methods for withdrawal including electronic payments through networks like Skrill, AstroPay, Neteller, Perfect Money, etc. The broker is also regulated and provides negative balance protection, adding an extra layer of trust and security for traders.

Additional Features

The broker also offers 26 cryptocurrencies plus crypto-indicies, a unique product that allows for trading on several cryptos at once. As with other leading copy trading options, such as eToro, the key is depth of copy fx traders to follow. Without a large bank of traders, those looking to copy will find limited choices. Thankfully CopyFX have a huge number of active traders, and more are joining all the time. Traders can find profitable traders, based on trading history, assess performance and set up alerts or signals.

Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. RoboForex gets a very good rating from us on this page.We tested the provider extensively with real money and were surprised by the good conditions. Mobile trading is becoming increasingly important in the era of digitization. Traders also want to be able to trade the market from Unterwegs.

It has an amazing compensation fund and was created by experts in the market. There are two major types of commodities available, they are hard and soft commodities. Soft commodities are those that are a result of agricultural activities, such as wheat and flour. These include everything from gold and silver to crude oil and energies. Also, trading with high leverage might get very risky for beginners.

RoboForex Financial Products

According to our database, 90% of forex brokers allow you to trade U.S. stocks as a CFD, while only 27% allow you to own the stock itself. To learn more, check out our popular guide to CFD trading. Nearly every trader on the planet owns a smartphone, but that doesn’t mean that every mobile trading app offers the same forex trading capabilities. A wide range of mobile trading apps are available across the globe – some of which are developed in-house by online brokers, while some are developed by third-party developers. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs.

In this Robo Forex review we will look at whether or not it is a safe and legit broker. For others, the broker offers bonuses on first deposits, profit share bonuses, welcome bonuses, cashback, special competitions, and many others. At RoboForex, those using Islamic accounts are free from paying swaps. However, they do have to pay a fixed commission, which depends on the currency pair and number of open lots but not on the issuing banks’ interest rates. This account is specifically created for clients of the Muslim belief. Keep in mind that the Swap-Free account at RoboForex is only available for cent and standard MetaTrader4-based accounts, as well as for Pro-Affiliate accounts.

This review found that the main differences between the accounts are the minimum margin requirements, leverage limits, margin call/stop-out levels, and access to bonuses. All bonuses are available with the Pro accounts, whilst no bonuses are available with the R StocksTrader account. The broker also holds Civil Liability insurance and provides negative balance protection. Overall, RoboForex is a legitimate and safe online broker. All deposit methods are free and fast and most methods require a 10 USD/EUR minimum deposit with standard accounts.

When it comes to trading, it is important to choose the right broker trading account. With so many options available, it can be difficult to determine which one is the best fit for you. That’s why it’s important to compare different brokers and their offerings before making a decision.

RoboForex Details

One of the main reasons for it is that it limefx traders the ability to access the market at any moment, no matter where they are. One of the biggest advantages of this Forex broker is the amazing trading platforms that it offers to retail traders. You can use one of the most popular trading platforms, MetaTrader 4 at RoboForex. This trading platform was released 16 years ago, in 2005, and since then, it has been very popular among traders. With this virtual many, you can trade Forex without putting your real-life funds under any risks.

During the upcoming season of the popular German touring car masters DTM , the Swedish BMW works driver Joel Eriksson will… Indeed, both offer full control over positions and orders, featuring the same functionality with the fastest in industry charts and advanced analysis tools, also designed with a clear and clean view. At the start, you may choose the level of your account while opening, and at the beginning, you may trade for free with a Demo account. Once your account is activated and proven, follow with the money deposit. So if you adhere to using high leverage levels with the purpose to maximize your gains, RoboForex definitely will assist you. Leverage may increase your potential gains timely through its possibility to multiple initial accounts, yet make sure to learn how to use leverage correctly, as leverage may increase your potential losses too.

If you run out of money, you can always contact the broker and as for more virtual cash. This account can also be used by experienced traders to test out different types of strategies and even come up with their own trading tactics. There are several steps that you should take to start trading at RoboForex. First of all, you have to choose which account you want to use and create one.

To find out what the acceptable range is for fees, commissions, and spreads, you can do some research on the web or talk to our experts. Unfortunately, it can also be a means of losing your savings if you aren’t careful. This is not meant to deter you–in many cases, trading is safe and reliable but only if you have the right broker. This means avoiding flashy phrases and hollow promises of outsized returns and sticking with brokers that have a solid reputation. This is why it is important to find out more about Roboforex before opening an account and sending money or sending any documents. Read our Roboforex review before sending your hard-earned cash.

RoboForex MT4 platformThe platform is available as a downloadable desktop client or a convenient webtrader accessible straight from a browser. RoboForex has earned a good reputation over the years with 3 million live accounts opened since inception. The company has also made the news as the official partner of BMW M Motorsport and has secured a sponsorship deal with Muay Thai Fighter and world kickboxing champion, Andrei Kulebin.