Roboforex Review

Best forex broker overall. Recommended for forex traders looking for low fees and a chance to use the MetaTrader 4 platform

roboforex-broker-review-best-forex-trading-brokers
RoboForex 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
Visit Broker:Open Live Account

Why choose RoboForex

RoboForex Evaluation

9.6 out of 10
roboforex-review-best-forex-trading-brokers

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.

Regulation and safety
9.8 out of 10
Commissions and fees
9.5 out of 10
Deposit and withdrawal
9.5 out of 10
Customer Support
9.5 out of 10

Pros

Favorable trading conditions

Low minimum deposit of $10

Instant withdrawal of funds

Multiple withdrawal options

Cons

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.

RoboForex 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.

Ready to Get Started?

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, RoboForex 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 feess. 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, RoboForex 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.

Ready to Get Started?

Deposit and withdrawal

  • RoboForex makes instant withdrawals without a commission. RoboForex does not impose a commission on its other services.
  • Eight electronic payment systems are available for withdrawals in RoboForex: AstraPay, NganLuong Wallet, Skrill, Neteller, AdvCash, Perfect Money, as well as VISA/Mastercard and JCB bank cards.
  • All withdrawal requests are processed by the RoboForex back office instantly. The receipt of funds can take from one minute to 1 day when withdrawing to EPS and from 1 to 10 days when withdrawing to bank cards.
  • Withdrawal at RoboForex is available from one cent and to verified clients.

Account types

RoboForex 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

ECN (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.

RoboForex 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

RoboForex 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, RoboForex CopyFx, enables passive income with minimal effort. According to customer reviews, RoboForex is the most popular brokerage company.

Customer support

Customers can contact RoboForex in several ways:

  • By phone
  • By Email
  • Online chat via website
  • Ticket service
  • Feedback form
Contacts
Address2118 Guava Street, Belama Phase 1, Belize City, Belize
LicenceFSC Licence number: FSC Belize / 000138/7
WebsiteVisit RoboForex Website
Emailinfo@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.

Ready to Get Started?

Comparison of RoboForex with other Brokers

Feature
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.

RoboForex has won numerous prestigious awards and holds an international license from FSC Belize (license No. 000138/7), one of the most reputable regulators.

Additionally, RoboForex is a member of The Financial Commission, which provides a guaranteed compensation fund of 20,000 euros, ensuring reliability and security for traders.

Ready to Get Started?

RoboForex is the best broker for beginners

RoboForex 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.

RoboForex 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.

Learn more about forex trading

Learn more about forex trading by checking out Forex Trading Course covering how to start forex correctly. I will show you exactly what to do to start forex trading the right way. WITHOUT blowing your trading accounts.

Everything you find on The Price Trader is based on reliable data and unbiased information. We combine our 8+ years trading experience with readers feedback.

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