RoboForex
Summary
This RoboForex review gives you all the key facts you need to decide if it’s the right platform for your money.
Advantages:
- Max Leverage: 30:1 retail clients, 2000:1 professional clients
- 12,000+ Tradale Assests
- Currencies, Commodities, CFDs, Indices, ETFs, Stocks
- MT4, MT5, rstocktrader, cTrader, R WebTrader, MT4 Multiterminal
- Regulate by IFSC ,CySEc
- 13 Languages Supported
- Commission-free trading available
- No inactivity account fees.
Disadvantages:
- None
Let me tell you the Story
Founded in 2009, RoboForex is a Forex and CFD broker. It’s official partner BMW M Motorsport and is regulated by the IFSC of Belize and RoboMarkets Cyprus Securities and Exchange (CySEC) it Provides clients with access to more than 12,000 financial CFD instruments, including Forex, Stocks, Indices, ETFs, Soft Commodities, Energies, and Metals, through MetaTrader 4 and MetaTrader 5 platforms, as well as cTrader and R StocksTrader.
There are five different types of accounts available to clients: Prime, ECN, R StocksTrader, ProCent and Pro. The ProCent and Pro accounts are commission-free, while the Prime, ECN, and R StocksTrader accounts are commission-based. In general, trading costs are competitive across all accounts, and users can benefit from rebates if they trade enough volume. Demo and Islamic accounts are also available.
All deposit methods, including debit/credit cards, bank wire, Neteller, Skrill, PerfectMoney, and AdvCash, are fee-free. While most withdrawals incur a fee, the broker offers fee-free withdrawals every first and third Tuesday of each calendar month.
There are also various bonuses and promotions available to clients, such as the Welcome Bonus, Profit Share Bonus and Classic Bonus. Beginners and advanced traders can take advantage of the broker’s extensive research and educational resources. The customer support team is available 24/7 by phone, live chat, email, Facebook Messenger, Telegram, and more.
Fees
Some accounts with RoboForex are commission-free, while others are commission-based, depending on the type of account, platform and market traded.
Pro Cent (Metal and Currency CFDs)
- Commission-free with spreads and swaps payable.
Pro Standard (Metal, Currency , Index , Oil and US Stock CFDs):
- Commission-free with spreads and swaps payable.
ECN Accounts
- $20 commission per million traded on Forex pairs.
- $5 commission per million traded on CFD Indices.
- $20 commission per million traded on Metals.
- $200 commission per million traded on US Stock CFDs.
Prime Accounts
- $10 commission per million traded on Forex pairs.
- $4 commission per million traded on CFD Indices.
- $10 commission per million traded on Metals.
- $150 commission per million traded on US Stock CFDs.
R StocksTrader Platform
- US Stocks (accounts with a deposit from $10,000) commission of 0.0045 USD per share with a minimum commission of 0.25 USD.
- US Stocks commission of 0.02 USD per share with 1.5 USD minimum.
- US Stock CFDs commission of 0.015 per share with 1.5 USD minimum.
- European Stock CFDs commission of 0.07% with a minimum commission of 2.8 GBP.
- Forex commission of 15 USD per 1 million base currency.
Non-Islamic accounts are charged a fee for overnight funding or ‘swap’ fees on positions held during the overnight (22:00) GMT period. A three-day ‘swap’ charge will be charged on Wednesdays if positions are held over the weekend.
Deposits & Withdrawals Review
Advantages:
- Min Deposit $10
- No deposit fee
- No withdrawal fee
- Accept Deposit in 10 cureencies
- Wire Transfer, Credit Card, Skrill, Neteller
Disadvantages:
- None
FAQ
How long will it take for my deposit to show on RoboForex?
With a debit or credit card, you can make the deposit instantly. A bank transfer takes 2-3 business days.
When will I have access to my money if I withdraw from RoboForex?
Withdrawal via bank transfer takes around 2 working days.
What is RoboForex minimum deposit?
$10
Can I withdraw any amount?
Yes
Does RoboForex charge withdrawal fees?
No
Are there any terms on where I direct any funds I withdraw?
Withdrawals must be to your own name.
Accounts Type Review
With RoboMarkets, traders can trade on the globally recognized MetaTrader 4 and MetaTrader 5 platforms, as well as on the broker’s own proprietary R StocksTrader platform and RoboMarkets terminal.
In addition to CopyFX, RoboMarkets offers a social trading platform, an R strategy builder, and a free Virtual Private Server (VPS).
- With CopyFX, users can join a community of traders and copy the strategies of successful traders.
- The R Strategy builder allows users to create their own trading robot without any coding knowledge.
- A VPS provides a low-latency trading environment, superior execution, and 24/7 uptime, making it ideal for automated strategies.
- RoboMarkets MetaTrader 4 (Web/PC)
- RoboMarkets MetaTrader 5 (Web/PC)
- R StocksTrader (Web)
Assets Review
With RoboForex, you have the opportunity Trade more than 40 currency pairs, including EURUSD, USDJPY, GBPUSD, and EURGBP.
RoboForex offers 16 cryptocurrencies for trading Bitcoin, Solana, Stellar, Ethereum and other promising digital currencies
With more then 10,000 stock and ETF's to trade with Roboforex also offers a R StocksTrader platform with the R Strategy builder allows users to create their own trading robot without any coding knowledge
Copy Trading
RoboForex’s CopyFX is a copy trading investment platform. Using the CopyFX platform allows you to simplify the trading process, manage your risks more accurately, and share your trading experience for additional profit.
Investor
By using the CopyFX service, you can copy an experienced trader’s order into your account.
Trader
While trading on the Forex market successfully and using CopyFX you can receive a commission/percentage from investors for copying your transactions.
Regulation
RoboForex Limited is regulated offshore by the International Financial Services Commission (Belize),
RoboMarkets Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC)
Is RoboForex a market maker?
RoboForex is a Dealing Desk, ECN, Market Maker, No dealing desk, STP
Is RoboForex trustworthy broker?
By holding client funds in segregated accounts from company funds, the broker provides further security for client funds. Protection against negative balances.
What is RoboForex Headquarters country?
2118 Guava Street, Belama Phase 1, Belize City.
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