Best overall forex broker. Recommended for forex traders looking for low fees and a chance to use the MetaTrader 4 platform.
RoboForex prioritizes reliability and client satisfaction, making it a trusted partner for traders globally. The broker also provides the CopyFx investment program, enabling traders to replicate the strategies of successful investors and earn passive income.
| RoboForex Key Features | |
|---|---|
| Trading platform: | MT4, MT5, RTrader, Web |
| Minimum deposit: | $10 |
| Leverage: | 1:2000 |
| Spread: | Floating from 0 pips |
| Instruments: | Forex (currency pairs), ETFs, index CFDs, oil CFDs, CFD on European and U.S. stocks, real securities |
| Contests and bonuses: | Welcome Bonus Available |
| Regulation: | FSC |
| Foundation date: | 2009 |
| Open Live Account | |
- Favorable trading conditions
- Low minimum deposit of $10
- Instant withdrawal of funds
- Multiple withdrawal options
- A small number of currency pairs – 36, for accounts: Pro, Pro-Cent, ECN, Prime.
Brief Overview of RoboForex
RoboForex Review
RoboForex is a prominent brokerage firm that caters to both active traders and investors by offering a wide range of trading opportunities. The company boasts an extensive selection of over 12,000 financial instruments, including currency pairs, CFDs on stocks, indices, metals, energies, and futures, creating a highly versatile trading environment.
RoboForex Summary
Risk Disclaimer
There is a high level of risk involved when trading leveraged products such as Forex/CFDs. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
excels in offering diverse bonus programs tailored to enhance the trading experience. New traders can kickstart their journey with a $30 Welcome Bonus upon depositing just $10. Additionally, traders benefit from 5%-15% cash back on fees based on their trading volume, and an extra 10% bonus for trading over 1,000 lots.
The minimum deposit requirement is $10 for most accounts, except for R StockTrader, which requires $100. For trading stocks on R StocksTrader and using the CopyFx platform, a $100 minimum deposit is also required. Spreads on Prime and ECN accounts start from 0 pips, while Pro and ProCent accounts have floating spreads starting at 1.3 pips. Traders can access 36 currency pairs, metals, and CFDs with these accounts.
RoboForex supports multiple trading platforms, including MetaTrader 4, MetaTrader 5, and R StocksTrader, alongside a web terminal that accommodates both real and demo accounts.
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Leverage options vary, ranging from 1:300 to 1:500, depending on the account type, in compliance with regulatory requirements. Cent accounts offer leverage up to 1:2000, and standard accounts allow for manual leverage increase to 1:2000 during registration, subject to specific conditions. This feature is particularly valued by experienced traders and those who prefer high-risk trading strategies.
Beyond trading, offers an affiliate program, enabling users to earn by referring others to the broker. Additionally, their multilingual support team is available 24/7 to assist traders with any issues.
RoboForex Key Parameters
Commissions and fees
Info
Our experts have evaluated this company’s trading and non-trading fees. In terms of trading fees, we considered the broker’s spread. For non-trading fees, the company imposes an small additional fee for fund withdrawals.
Account Type | Fees (minimum) | Withdrawal commission |
|---|---|---|
Pro | $13 | No |
Pro-Cent | $13 | No |
ECN | $3 | No |
Prime | $1 | No |
Regulation and safety
RoboForex is regulated by the International Financial Services Commission – FSC Belize (license 000138/7).
FSC Belize is a reputable international financial regulator that enforces stringent standards for all its members. Only companies that fully comply with these rigorous requirements receive licensure from the commission.
As a licensed entity, adheres to these regulations, ensuring that its financial operations are conducted within the framework set by FSC Belize. This compliance guarantees traders clearly defined rights and obligations, thereby safeguarding their financial assets securely.
Pros
- Ability to file claims in the case of a dispute
- Clear regulations for trading operations
- Governs the relationship between a broker and a trader
Cons
- There is a comprehensive collection of regulatory documents that must be reviewed before beginning cooperation with RoboForex.
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Deposit and withdrawal
Account types
provides a variety of account types for traders to choose from, including standard options like EUR and USD, as well as unique options such as gold. By using an account funded with gold, traders can profit from both trading activities and fluctuations in gold prices, a reliable protective asset.
To begin trading with RoboForex, you need to open an account.
Account Type | Description | Open Account |
|---|---|---|
Pro | Classic accounts for beginners and professionals are suitable for small volume trading. | |
Pro-Cent | Cent accounts with spreads from 1.3 pips are ideal for testing strategies and trading advisors. Top up your account with $10 and you can open positions of 1000 base units. | |
ECN | u003cbru003eECN (electronic communications networks) is a professional trading account with zero spreads and maximum liquidity. This is suitable for trading large amounts of assets. | |
Prime | This is a new type of account developed by broker specialists for experienced traders. The account combines the best characteristics of ECN accounts, which are: minimum deposit of $10; spreads from 0 pips; and popular trading instruments like 28 currency pairs, metals, CFDs. | |
RStocksTrader | is an account for trading real stocks on the stock market. The minimum deposit is $100; the number of available assets is more than 12,000. There are specific fees based on the number of shares in a trade. |
also provides Islamic accounts, where the standard swap fee is replaced with a fixed fee not tied to bank interest rates.
Traders can utilize a range of platforms, including the classic MT4 and MT5, as well as web and mobile versions, including R StocksTrader.
To enhance the trading experience, RoboForex offers several bonus programs. While the bonus amounts added to the deposit cannot be withdrawn, they are available for trading. Any profits earned using these bonuses can be withdrawn without any issues.
Investment Options
is the perfect broker for anyone looking to invest in the Forex market. This company offers everything needed to achieve a stable income—from professional analytics and advanced technical tools to optimal trading conditions.
Notably, its investment program, , enables passive income with minimal effort. According to customer reviews, RoboForex is the most popular brokerage company.
Customer support
Customers can contact in several ways:
| Contacts | |
|---|---|
| Address | 2118 Guava Street, Belama Phase 1, Belize City, Belize |
| Licence | FSC Licence number: FSC Belize / 000138/7 |
| Website | Visit RoboForex Website |
| info@roboforex.com | |
| Phone | +593 964 256 286 |
Education
Info
The RoboForex website features an extensive training section designed to provide traders with the essential information for successful trading.
The company’s specialists recommend opening a demo (practice) account to start your trading journey.
By first acquiring theoretical knowledge and then applying it through actual trading on the demo account, you can effectively combine theory and practice. This approach will help you gain valuable experience and develop the necessary skills to confidently work with a real account.
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Comparison of RoboForex with other Brokers
Feature | RoboForex | ||
|---|---|---|---|
Leverage up to 1:2000 | |||
No deposit bonus | |||
Cent accounts | |||
StocksTrader |
Detailed RoboForex Review
The company ensures it fulfills its responsibilities by offering clients the latest trading products, innovative data transmission developments, and advanced trading functionality.
has won numerous prestigious awards and holds an international license from FSC Belize (license No. 000138/7), one of the most reputable regulators.
Additionally, is a member of The Financial Commission, which provides a guaranteed compensation fund of 20,000 euros, ensuring reliability and security for traders.
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RoboForex is the best broker for beginners
stands out as an excellent choice for novice traders. Many beginners select this broker due to its reliability and user-friendly trading conditions. With a minimum deposit of just $10, RoboForex provides an affordable entry point to understand the specifics of trading and gain insights into the Forex market.
also offers the opportunity to invest in ETFs through its innovative trading platform, R StocksTrader. This platform features a wide range of charts and real-time quotes for various instruments, including 12,000 stocks, currency pairs, indices, and ETFs.
To start using R StocksTrader, the minimum deposit is $100. The platform includes an easy-to-use constructor that allows users to create their own trading robots without any programming knowledge, which can be tested on a demo account.
ETF trading at RoboForex comes with leverage of up to 1:20, depending on the account type. The minimum commission is $0.25, and the spread is $0.01. These instruments are available for trading 24/7, with a Stop Out level of 20%. R StocksTrader offers access to over 8,400 ETF instruments.
A notable advantage of RoboForex is its innovative liquidity aggregation technology. The broker utilizes direct market access through STP and ECN models.
Thanks to advanced technologies, RoboForex achieves impressive order execution speeds of 90-100 ms, compared to the market average of 500 ms. Overall, there are no negative reviews regarding the processing speed at RoboForex.
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RoboForex Details
