RoboForex Review For 2023
RoboForex Review [2023 Update]

This RoboForex review has been updated for 2023 and contains the latest information about RoboForex.

If you are a new entrant in the world of trading and brokerage, so many facts will be perplexing for you. Getting into the world of trading requires expert analyzing skills and thorough knowledge. You will get adept at all the concepts of brokerage as you continue trading. For starters, you need to select the right broker who will be transparent with you always. 

In this fast-paced world of stock markets and trading, you will need guidance to make correct decisions. A professionally lead investment plan will generate hefty returns. RoboForex is one such platform that will take you and your investment to great heights. It is important to know all about RoboForex before you trust them with your money. 

Who Are RoboForex And When Was It Founded? 

RoboForex was founded in 2009. RoboForex is an international brokerage platform. The brokerage company is under the regulation of the International Financial Services Commission (IFSC). They provide a variety of trading instruments that will cater to all kinds of investors. 

Roboforex Ltd is an ‘A’ category member of the financial commission and also a participant of its Compensation Fund. The versatile RoboForex Ltd has two investment platforms, namely CopyFX and RAMM. Since 2018, RoboForex Ltd has been regularly following a quality audition review of order execution. 

You have their assurance of strict and fair brokerage practices. RoboForex has software and applications for all platforms, making trading even more hassle-free. They have over six platforms to match the needs of all traders from beginners to veterans. 

Rating:
4.5 Star Rating
Minimum Deposit:
$1
Risk Warning:
Losses can exceed deposits
Year Established:
2009
Head Office Location:
Cyprus
Regulated By:
Cyprus Securities and Exchange Commission (CySEC)
Funding Options:
Credit Card, Bank Transfer
Clients:
10,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, STP
Account Types Available:
Demo Account, Standard Account, Zero Spread Account, Micro Account, Mini Account, ECN Account, Islamic Account
Spread Options:
Fixed Spreads Available, Variable Spreads Available
Trading Platforms Available:
MT4, MT5, Mac, Web Trader, cTrader, Mobile Apps
Customer Support:
Email, Phone
Country Exclusions:
US, JP
Rating:
4.9 Star Rating
Minimum Deposit:
$200
Risk Warning:
Losses Can Exceed Deposits
Year Established:
2007
Head Office Location:
Australia
Regulated By:
Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
60,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, Guaranteed Stop Loss
Account Types Available:
Demo Account, Standard Account, Zero Spread Account, Islamic Account, Raw Spread Account, Mini Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
MT4, MT5, ZuluTrade, Web Trader, cTrader, Mirror Trader
Customer Support:
Email
Country Exclusions:
AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA
Rating:
4.8 Star Rating
Minimum Deposit:
$200
Find Out More:
Risk Warning:
75% of retail investor accounts lose money when trading CFDs with this provider.
Year Established:
2006
Head Office Location:
Cyprus, UK
Regulated By:
Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
Funding Options:
Credit Card, Bank Transfer, PayPal, Skrill, Neteller
Clients:
12,000,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, Negative Balance Protection
Account Types Available:
Demo Account, Mini Account, Standard Account, ECN Account, Zero Spread Account, Islamic Account, Managed Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
Web Trader, Mobile apps
Customer Support:
Email, Live Chat
Country Exclusions:
IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI
Rating:
4.8 Star Rating
Minimum Deposit:
No Minimum Deposit
Risk Warning:
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Year Established:
2002
Head Office Location:
Poland
Regulated By:
Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
250,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, Negative Balance Protection, STP
Account Types Available:
Demo Account, Standard Account, Pro Account, Micro Account, Islamic Account, Mini Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
MT4, Web Trader, Mobile apps, Mirror Trader
Customer Support:
Email, Phone, Live Chat
Country Exclusions:
US, IN, PK, BD, NG , ID, BE
Rating:
4.6 Star Rating
Minimum Deposit:
$200
Risk Warning:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
Year Established:
2010
Head Office Location:
Australia
Regulated By:
Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
10,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, STP, Negative Balance Protection
Account Types Available:
Demo Account, Standard Account, Islamic Account, ECN Account, Mini Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
MT4, MT5, Web Trader, Mac, ZuluTrade, cTrader, Mobile Apps
Customer Support:
Email, Phone, Live Chat
Country Exclusions:
BR, KR, IR, IQ, SY, JP, US
Rating:
4.7 Star Rating
Minimum Deposit:
$1
Risk Warning:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Year Established:
2002
Head Office Location:
United Kingdom
Regulated By:
Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
13,000,000+
Benefits:
Hedging, Low Minimum Deposit, Negative Balance Protection, Guaranteed Stop Loss, STP
Account Types Available:
Demo Account, Standard Account
Spread Options:
Fixed Spreads Available, Variable Spreads Available
Trading Platforms Available:
Web Trader, Mobile Apps
Customer Support:
Email, Phone, Live Chat
Country Exclusions:
US

Benefits Of Trading With RoboForex

There is a multitude of options provided by each broker. According to your requirements and needs, you should select your broker. Similarly, RoboForex also offers a range of services but what sets them apart is the benefits that come along. 

Tight spreads

Spreads are determiners of profitability while you are trading. By definition, spreads are the difference between the asking price and the bid price, which is quoted in the pips. A larger spread results in a higher asking price and low bid price. In other words, you will pay more when you buy and get lesser when you sell. 

RoboForex has a tight spread, thus enabling you to make more money in each successful trade. For executing large orders, you should know that it necessarily doesn’t mean lower spreads for you. 

Fast Order Execution 

Certain opportunities during trading will give you a chance to earn more. In the realm of trading, slow execution of orders can cause you to miss opportunities. While trading, you should try to escape bad slippage. 

Through fast order execution, RoboForex ensures that you do not have any non-transparent speed difference. Their fast execution will help you to execute your order at the right moment. A fast execution will reduce the risk of bad slippage and also eliminate possible losses. 

Five Account Currencies

RoboForex Ltd offers you a variety of trading accounts. The account types are Prime, ECN, R Trader, Pro-Cent, and Pro-Standard. Each of these accounts serves a different purpose. For beginners, a Pro-Standard account is suitable, which has optimal trading conditions. 

Beginners and experienced traders can also test their trading strategies with the Pro-Cent account. This type of account uses cents as the base currency unit. The R-Trader account is for trading through a multi-asset web platform for experienced traders. Through this account, you can access all financial markets in one place. 

The ECN accounts are apt for only professionals who prefer fast trading speeds and best trading conditions. Finally, the Prime account, which is the most premium in its function, is one of the best offered by RoboForex. So many options for an account allows all kind of traders to actively trade according to their experience. 

Micro Accounts 

A micro account caters to a retail trader who is willing to explore foreign exchange trading. The main feature of this account is to help traders test their trading strategies without any significant financial investment. The minimum deposit need for this service is a mere $10. 

At RoboForex, with the sum of $10, this account will let you multiply the amount to 1,000 US Cents. The trading condition of micro accounts is similar to those for standard accounts. Hence, if you are looking to indulge in extensive trading but don’t have the desired amount, this account is ideal. 

What You Should Know About Trading With RoboForex

RoboForex Ltd offers two techniques for trading. This RoboForex review will help you to clear all your doubts about trading with them. While one of the options is Forex and the other being contract for differences (CFD). To acquaint yourself with these practices, you can sign up for a demo account with RoboForex. RoboForex has several options for each kind of trader. 

RoboForex Ltd. Has a special brokerage license IFSC Belize. Under the regulation of IFSC, they can trade in financial and commodity-based derivatives instruments and other types of securities. The minimum deposit required to start a RoboForex account is $1. With this sum, you will have access to all charts and most assets. 

To keep traders safe, they have additional measures like a Civil Liability Insurance Program. The program covers a limit of 5,000,000 EUR for traders. This is to protect the traders and the company against frauds, errors, omissions, negligence, and various other risks. This program can be accessed without any additional fees. 

RoboForex is a popular name across the globe. It has over 2,291,006 clients in more than 169 countries. As an international broker RoboForex offers 18 different languages on its website. The wide range of trading markets at RoboForex is six cryptocurrencies,  metals, energies, soft commodities, ETF’s, indices, stocks and, Forex. 

Rating:
4.5 Star Rating
Minimum Deposit:
$1
Risk Warning:
Losses can exceed deposits
Year Established:
2009
Head Office Location:
Cyprus
Regulated By:
Cyprus Securities and Exchange Commission (CySEC)
Funding Options:
Credit Card, Bank Transfer
Clients:
10,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, STP
Account Types Available:
Demo Account, Standard Account, Zero Spread Account, Micro Account, Mini Account, ECN Account, Islamic Account
Spread Options:
Fixed Spreads Available, Variable Spreads Available
Trading Platforms Available:
MT4, MT5, Mac, Web Trader, cTrader, Mobile Apps
Customer Support:
Email, Phone
Country Exclusions:
US, JP
Rating:
4.9 Star Rating
Minimum Deposit:
$200
Risk Warning:
Losses Can Exceed Deposits
Year Established:
2007
Head Office Location:
Australia
Regulated By:
Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
60,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, Guaranteed Stop Loss
Account Types Available:
Demo Account, Standard Account, Zero Spread Account, Islamic Account, Raw Spread Account, Mini Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
MT4, MT5, ZuluTrade, Web Trader, cTrader, Mirror Trader
Customer Support:
Email
Country Exclusions:
AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA
Rating:
4.8 Star Rating
Minimum Deposit:
$200
Find Out More:
Risk Warning:
75% of retail investor accounts lose money when trading CFDs with this provider.
Year Established:
2006
Head Office Location:
Cyprus, UK
Regulated By:
Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
Funding Options:
Credit Card, Bank Transfer, PayPal, Skrill, Neteller
Clients:
12,000,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, Negative Balance Protection
Account Types Available:
Demo Account, Mini Account, Standard Account, ECN Account, Zero Spread Account, Islamic Account, Managed Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
Web Trader, Mobile apps
Customer Support:
Email, Live Chat
Country Exclusions:
IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI
Rating:
4.8 Star Rating
Minimum Deposit:
No Minimum Deposit
Risk Warning:
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Year Established:
2002
Head Office Location:
Poland
Regulated By:
Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
250,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, Negative Balance Protection, STP
Account Types Available:
Demo Account, Standard Account, Pro Account, Micro Account, Islamic Account, Mini Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
MT4, Web Trader, Mobile apps, Mirror Trader
Customer Support:
Email, Phone, Live Chat
Country Exclusions:
US, IN, PK, BD, NG , ID, BE
Rating:
4.6 Star Rating
Minimum Deposit:
$200
Risk Warning:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
Year Established:
2010
Head Office Location:
Australia
Regulated By:
Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
10,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, STP, Negative Balance Protection
Account Types Available:
Demo Account, Standard Account, Islamic Account, ECN Account, Mini Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
MT4, MT5, Web Trader, Mac, ZuluTrade, cTrader, Mobile Apps
Customer Support:
Email, Phone, Live Chat
Country Exclusions:
BR, KR, IR, IQ, SY, JP, US
Rating:
4.7 Star Rating
Minimum Deposit:
$1
Risk Warning:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Year Established:
2002
Head Office Location:
United Kingdom
Regulated By:
Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
13,000,000+
Benefits:
Hedging, Low Minimum Deposit, Negative Balance Protection, Guaranteed Stop Loss, STP
Account Types Available:
Demo Account, Standard Account
Spread Options:
Fixed Spreads Available, Variable Spreads Available
Trading Platforms Available:
Web Trader, Mobile Apps
Customer Support:
Email, Phone, Live Chat
Country Exclusions:
US

Is RoboForex Safe To Trade With?

Your concern is genuine if you are worried about investing money in a platform you don’t know much about. If you want to select RoboForex as your broker, you need to understand their practices and their background. RoboForex is functioning for over a decade and is headquartered at Cyprus. 

The administrative and regulatory bodies play a large part in ensuring traders that the broker is reliable and genuine. Dealing with a broker like RoboForex, which is so widespread, it is important to know the regulatory status. RoboForex is a safe and fair platform that is regulated. 

The conduct of RoboForex is supervised by the Cyprus  Securities and Exchange Commission (CySEC) regulatory bodies. The best part of regulated brokers is that they will not be able to manipulate market prices. For additional security of the traders, RoboForex uses tier-1 banks. Since tier-1 banks are the official measure of a bank’s financial health, you are secured from any kind of errors. 

If you want to test the practices of RoboForex, you can always test with two accounts. Demo account being one of them, will be your source to experiment with RoboForex before investing. The other account is the real account, which will have your real money. Opening a demo account requires less than a minute and will help you decide if RoboForex is suitable or not. 

The negative balance protection will protect you from major losses. In some situations, the market will prevent traders from keeping a nil balance. In such cases, RoboForex Ltd resets the account balance to zero. This kind of measurer is only adopted by safe and secure brokers. 

For further security of their clients, RoboForex holds clients funds in segregated accounts from the company’s funds. Moreover, their execution quality certificate from Verify My Trade testifies for their authenticity and safety. Their regulations and prolonged presence in the field make them a safe platform for trading. 

Pros And Cons Of Trading With RoboForex

Choosing a broker can be scary; you need to be sure of all their policies and ways of operation. Without the basic knowledge about the platform, you are prone to making losses. All brokers are not perfect, and so is RoboForex. Roboforex review has breakdown the complete RoboForex pros and cons. 

Pros

  • The first and foremost benefit is the availability of a demo account. A demo account allows new traders to test the platform and get acquainted with the practices. You can easily create a demo account and test if this platform is agreeable or not. 
  • The broker is also directly regulated by the Cyprus Securities and Exchange Commission (CySEC). It indicates that the platform is safe. 
  • With a deposit of just $1, you can start trading with RoboForex.
  • The different range of accounts offers the flexibility of choice. The five types of accounts accommodate the needs of the beginner as well as experts. 
  • There are several free trading signals and research tools provided by RoboForex for traders to learn from. 
  • The broker possesses powerful trading capabilities and advanced software proposals. 
  • The execution speed is faster compared to other brokers hence reducing the risk of bad slippage. 
  • It has a 24/7 operating customer service, which assists traders at all times. 

Cons

  • The trading conditions at RoboForex vary according to entity rules. 
  • The international proposal is performed via an offshore entity, which may not be safe for traders. 
  • The broker is not regulated by FCA. 
  • RoboForex does not accept clients residing in the US, Japan, Canada, and Australia. 
Rating:
4.5 Star Rating
Minimum Deposit:
$1
Risk Warning:
Losses can exceed deposits
Year Established:
2009
Head Office Location:
Cyprus
Regulated By:
Cyprus Securities and Exchange Commission (CySEC)
Funding Options:
Credit Card, Bank Transfer
Clients:
10,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, STP
Account Types Available:
Demo Account, Standard Account, Zero Spread Account, Micro Account, Mini Account, ECN Account, Islamic Account
Spread Options:
Fixed Spreads Available, Variable Spreads Available
Trading Platforms Available:
MT4, MT5, Mac, Web Trader, cTrader, Mobile Apps
Customer Support:
Email, Phone
Country Exclusions:
US, JP
Rating:
4.9 Star Rating
Minimum Deposit:
$200
Risk Warning:
Losses Can Exceed Deposits
Year Established:
2007
Head Office Location:
Australia
Regulated By:
Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
60,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, Guaranteed Stop Loss
Account Types Available:
Demo Account, Standard Account, Zero Spread Account, Islamic Account, Raw Spread Account, Mini Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
MT4, MT5, ZuluTrade, Web Trader, cTrader, Mirror Trader
Customer Support:
Email
Country Exclusions:
AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA
Rating:
4.8 Star Rating
Minimum Deposit:
$200
Find Out More:
Risk Warning:
75% of retail investor accounts lose money when trading CFDs with this provider.
Year Established:
2006
Head Office Location:
Cyprus, UK
Regulated By:
Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
Funding Options:
Credit Card, Bank Transfer, PayPal, Skrill, Neteller
Clients:
12,000,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, Negative Balance Protection
Account Types Available:
Demo Account, Mini Account, Standard Account, ECN Account, Zero Spread Account, Islamic Account, Managed Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
Web Trader, Mobile apps
Customer Support:
Email, Live Chat
Country Exclusions:
IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI
Rating:
4.8 Star Rating
Minimum Deposit:
No Minimum Deposit
Risk Warning:
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Year Established:
2002
Head Office Location:
Poland
Regulated By:
Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
250,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, Negative Balance Protection, STP
Account Types Available:
Demo Account, Standard Account, Pro Account, Micro Account, Islamic Account, Mini Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
MT4, Web Trader, Mobile apps, Mirror Trader
Customer Support:
Email, Phone, Live Chat
Country Exclusions:
US, IN, PK, BD, NG , ID, BE
Rating:
4.6 Star Rating
Minimum Deposit:
$200
Risk Warning:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
Year Established:
2010
Head Office Location:
Australia
Regulated By:
Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
10,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, STP, Negative Balance Protection
Account Types Available:
Demo Account, Standard Account, Islamic Account, ECN Account, Mini Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
MT4, MT5, Web Trader, Mac, ZuluTrade, cTrader, Mobile Apps
Customer Support:
Email, Phone, Live Chat
Country Exclusions:
BR, KR, IR, IQ, SY, JP, US
Rating:
4.7 Star Rating
Minimum Deposit:
$1
Risk Warning:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Year Established:
2002
Head Office Location:
United Kingdom
Regulated By:
Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
13,000,000+
Benefits:
Hedging, Low Minimum Deposit, Negative Balance Protection, Guaranteed Stop Loss, STP
Account Types Available:
Demo Account, Standard Account
Spread Options:
Fixed Spreads Available, Variable Spreads Available
Trading Platforms Available:
Web Trader, Mobile Apps
Customer Support:
Email, Phone, Live Chat
Country Exclusions:
US

RoboForex Review: License And Regulation In More Detail 

There should always be a financial regulatory arthrotomy to look into the functioning of the particular broker. The regulation helps the clients to put their faith in the broker. Since most people do not have time to go through each investment, building trust is very important. Regulated brokers do not have access to manipulation, and therefore your assets are guarded. 

Like any genuine broker, RoboForex has a valid license number and ID. RoboForex is regulated and supervised by prominent organizations. These regulation authorities protect the trader from practices like reimbursement schemes, which makes the trader insolvent. 

In order to function, the brokerage firms have to comply with the standards put forward by these organizations. The regulation intends to shield the RoboForex traders and create a safe trading experience for them. RoboForex is fully licensed and register with IFSC situated in Belize. 

RoboForex holds a license for dealing with financial securities and derivatives. The license number held by RoboForex is 000138/107. The broker is further regulated by The Financial Commission (TFC) under the ‘A’ category. The TFC is located in the United Kingdom and Hong Kong. The Commission provides each client with insurance up to €20,000 in case of any financial affliction in the firm. 

RoboForex Review: Awards

It is always a good option to choose a broker who is recognized and reputed. Their achievements tell us about their services. With the wide variation in trading markets and outstanding service undoubtedly, RoboForex has won many awards. In the duration of eleven years of brokerage RoboForex has won many awards. The awards have been given to them by prestigious organizations.

 One of the most recent achievements of RoboForex includes “Best Global Mobile Trading App 2020”. This award is presented for mobile applications for trading within the framework of the organization “Global Forex Awards.” The list of awards is lengthy, but we have named a few of them for you. 

Awards In 2019 

  • In 2019 they were given the award for “Best Educational Forex Center in CIS” by IAFT awards. 
  • In the same year by IAFT, RoboForex was also named ” The Best Investment Platform.
  • Breaking the record, RoboForex bagged a third title of “The Best Broker Of The CIS” at IAFT in 2019. The receiver of the award is chosen by voting, which is available at the IAFT website. 
  • The International Magazine Business Awards in 2019 presented the award of “Best Stock Broker Asia” to RoboForex. 
  • The year 2019 was extremely fruitful for RoboForex. They claimed the title of “ Best Investment Products” awarded by Global Brand Awards. 

Awards In 2018 

  • Manchester Investor Show Best Crypto Broker 
  • London Investor Show Safest Broker

Awards in 2012-2016

  • The Best ECN Broker 2016
  • Fastest Growing Forex Brand Asia 2014
  • Best Standard Forex Broker Award In 2014 
  • Best ECN Broker Award In 2013
  • Best Forex News And Analysis Provider Award In 2013
  • Best Retail Forex Brand In Russia Award In 2013
  • Best Execution Broker In Eastern Europe Award In 2013
  • Fastest Growing ECN Broker In Eastern Europe Award In 2012
  • Best Forex Broker For Automated Trading Award In 2012
  • Best Broker For Forex Robots And Advisors Award In 2012

RoboForex Review: Commission And Fees Explained 

Brokers offer an array of services to traders. They offer educational resources to mobile trading applications, web trading platforms, and financial research tools. For ensuring the clients get top-notch service and maintaining the quality, few brokers charge additional fees. 

This RoboForex review covers all the charges posed by Robofrex. The fees charged by different brokers vary on various grounds. Like all others, even RoboForex has ceratin charges for its services. Note that these charges may not be optional and mandatory for running an account with them. 

RoboForex Review: Minimum Deposit Explained 

The minimum deposit at RoboForex depends upon the type of account you are choosing. For a Pro-Cent, Pro-Standard & ECN account, the minimum deposit is 10 USD/ 10 EUR. A Prime account, which is the most superior, demands a deposit of a minimum of 5,000 USD. Lastly, if you want an R-Trader account, a deposit of 100 USD/ 100 EUR is mandatory. 

As an important fact, you should know that RoboForex does not charge any deposit fees. RoboForex makes depositing easier with several options. You can use a debit/credit card, bank transfer, BlueOrange Bank, Rapid Transfer, Fasapay, Webmoney, Barclays Bank, and more for depositing. 

RoboForex has an additional option to start an account with a deposit of $1. This low deposit fee if to attract a mainstream audience who are not looking for premium services. Generally, brokers who do not charge a minimum deposit will have a higher commission rate. The abundant options available for the brokerage platform have caused the deposit rates to sink. 

RoboForex Review: Withdrawal Fees Explained 

RoboForex has a unique program that allows you to withdraw funds from your account without any commissions. This service operates permanently and allows the clients to withdraw funds on the first and third Tuesday of every month. Traders can benefit largely from this program, which can be subsequently availed twice every month. 

Extending the convenience of this program, you can withdraw funds by over 20 methods without any commission. Each brokerage firm has different withdrawal methods. The charges vary as each payment provider has a differing transfer processing fee. 

You can refer to their website for the specific withdrawal fees charged except on the aforementioned days. The withdrawal fees on other days will vary from one payment option to another. Before making any transactions refer to their rate sheet, which will give you clarity. 

RoboForex Review: Inactivity Fees Explained 

This is one of the buzzing questions that run through your mind while opening an account. An inactivity fee is an amount charged to registered traders who haven’t engaged in buying or selling for some time. The period regarded as inactive is decided by the broker. 

The inactivity fee also differs from one broker to another and is not generalized. If a traders account doesn’t have a buying or selling transaction, it is claimed by the broker as an inactivity fee. The traders have to pay this fee under terms and conditions they had agreed while registering. 

RoboForex does not charge any fee for inactivity. Even if no charges are implied by RoboForex, it is better for you to close the account if you’re inactive. Inactivity fees are not only charged by brokerage firms but also many financial services. 

For other trading platforms, the inactivity fee depends upon the type of account you have chosen. The inactivity fee is subjected to many circumstances and should be disclosed clearly by the broker beforehand. 

RoboForex Review: Deposit Fees Explained 

RoboForex does not charge any amount from the trader while depositing. The deposit fee for all the payment gateways is zero percent. This deposit without commission process has made RoboForex one of the most preferred brokers. 

Many brokers charge a minimal sum when you deposit funds into your trading account. This is because many payment method companies charge a fee known as transaction fee. The fee is generally indicated in terms of percentage and depends upon the amount you are transferring. 

Rating:
4.5 Star Rating
Minimum Deposit:
$1
Risk Warning:
Losses can exceed deposits
Year Established:
2009
Head Office Location:
Cyprus
Regulated By:
Cyprus Securities and Exchange Commission (CySEC)
Funding Options:
Credit Card, Bank Transfer
Clients:
10,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, STP
Account Types Available:
Demo Account, Standard Account, Zero Spread Account, Micro Account, Mini Account, ECN Account, Islamic Account
Spread Options:
Fixed Spreads Available, Variable Spreads Available
Trading Platforms Available:
MT4, MT5, Mac, Web Trader, cTrader, Mobile Apps
Customer Support:
Email, Phone
Country Exclusions:
US, JP
Rating:
4.9 Star Rating
Minimum Deposit:
$200
Risk Warning:
Losses Can Exceed Deposits
Year Established:
2007
Head Office Location:
Australia
Regulated By:
Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
60,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, Guaranteed Stop Loss
Account Types Available:
Demo Account, Standard Account, Zero Spread Account, Islamic Account, Raw Spread Account, Mini Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
MT4, MT5, ZuluTrade, Web Trader, cTrader, Mirror Trader
Customer Support:
Email
Country Exclusions:
AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA
Rating:
4.8 Star Rating
Minimum Deposit:
$200
Find Out More:
Risk Warning:
75% of retail investor accounts lose money when trading CFDs with this provider.
Year Established:
2006
Head Office Location:
Cyprus, UK
Regulated By:
Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
Funding Options:
Credit Card, Bank Transfer, PayPal, Skrill, Neteller
Clients:
12,000,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, Negative Balance Protection
Account Types Available:
Demo Account, Mini Account, Standard Account, ECN Account, Zero Spread Account, Islamic Account, Managed Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
Web Trader, Mobile apps
Customer Support:
Email, Live Chat
Country Exclusions:
IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI
Rating:
4.8 Star Rating
Minimum Deposit:
No Minimum Deposit
Risk Warning:
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Year Established:
2002
Head Office Location:
Poland
Regulated By:
Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
250,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, Negative Balance Protection, STP
Account Types Available:
Demo Account, Standard Account, Pro Account, Micro Account, Islamic Account, Mini Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
MT4, Web Trader, Mobile apps, Mirror Trader
Customer Support:
Email, Phone, Live Chat
Country Exclusions:
US, IN, PK, BD, NG , ID, BE
Rating:
4.6 Star Rating
Minimum Deposit:
$200
Risk Warning:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
Year Established:
2010
Head Office Location:
Australia
Regulated By:
Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
10,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, STP, Negative Balance Protection
Account Types Available:
Demo Account, Standard Account, Islamic Account, ECN Account, Mini Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
MT4, MT5, Web Trader, Mac, ZuluTrade, cTrader, Mobile Apps
Customer Support:
Email, Phone, Live Chat
Country Exclusions:
BR, KR, IR, IQ, SY, JP, US
Rating:
4.7 Star Rating
Minimum Deposit:
$1
Risk Warning:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Year Established:
2002
Head Office Location:
United Kingdom
Regulated By:
Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
13,000,000+
Benefits:
Hedging, Low Minimum Deposit, Negative Balance Protection, Guaranteed Stop Loss, STP
Account Types Available:
Demo Account, Standard Account
Spread Options:
Fixed Spreads Available, Variable Spreads Available
Trading Platforms Available:
Web Trader, Mobile Apps
Customer Support:
Email, Phone, Live Chat
Country Exclusions:
US

What Can You Trade With RoboForex? 

The point of parity between the two brokers is what are the trading instruments offered by each of them. Traders love to have options, and if you are a beginner, you will eventually understand why variety is important. In simple words, the more the options for trading, the better will be your experience. 

RoboForex boasts of offering its clients with the maximum number of instruments. The most popular assets on RoboForex are Forex, Stocks, Cryptocurrencies, and a whopping 12,000 more instruments. With so many options, each trader can pick the best one for them. 

Forex is termed as the most liquid instrument of the world exchange markets, which works except for two days. Stocks are on the most common trading instruments. You can choose the most favorable stocks of big companies and trade with them. 

Indices are recommended for experts as they require extensive knowledge on the subject. Under certain conditions with RoboForex, you can trade them. Indices proffer a wider look on the world stock market and reflect fluctuations of a whole group of stocks. 

If you are willing to invest in currencies, RoboForex has a multitude of options. As many as 35 forex pairs are offered by RoboForex. They claim that commodities have been seeing a sharp rise in demand at their platform. You can have access to their commodities on the R Trader platform. 

The options are not limited when it comes to metal. You can trade metals like gold, silver, platinum, palladium, copper, or nickel with RoboForex. The cryptocurrency, which has become a rage, is also available at RoboForex. The digital currencies that Roboforex allows are Bitcoin, Dash, EOS, Ethereum, and other promising currencies. 

The ETF instrument will be a good option if you know how to handle them. This instrument at RoboForex will let you trade several assets as one stock. Trading ETF diversifies your portfolio at a bare minimum expense. Other than these instruments, you also can trade Cryptoindices and energy commodities. 

What Accounts Do RoboForex Offer? 

The type of accounts offered by a broker will be of utmost importance to you if you are a novice. If you’re considering RoboForex as your brokerage platform, you’ll be contented to know that they have six types of accounts. 

Pro-Standard Account

This is the most basic and popular account option provided by RoboForex. This standard account comes with optimal trading conditions and suitable for both beginners and experienced traders. Through his account, you can trade 36 currency pairs, metals, and cryptocurrencies. 

The other instruments are CFD on US stocks, CFD on indices, CFD on oil. The minimum deposit for this type of account is 10 USD/10EUR. The spread is floating from 1.3 pips. The maximum leverage that you can avail is 1:2000. 

Pro-Cent Account 

The Pro-Cent Account is suitable for both beginners and experts. This account enables traders to carry out transactions without the risk of losing a large amount. The Pro-Cent account is a cent one but very similar to a Pro-Standard account. 

To start this account, a deposit of 10 USD/ 10 EUR is required. The spread and leverage are similar to the Pro-Standard account.  However, in Pro-Cent, you can only trade instruments like currency pairs, metals, and cryptocurrencies. 

R-Trader Account 

If you are a professional and looking to trade multi-assets at one time, you can use the R-Trader account. R-Trader accounts are meant to trade multiple types of assets under one account. This account dispenses a countless number of instruments. 

With more than 12,000 Indices, cryptocurrencies, real stocks, CFD on stocks, Forex, and ETF, this account has the most number of instruments.  Since the services provided are premium, the minimum deposit is 100 USD. The spread is also 1.01 USD, which is much higher than the rest of the accounts. The maximum leverage has been kept to 1:200 for obvious reasons.

ECN-Pro Account  

The trading conditions for this account make it feasible for only professionals. This account has high liquidity, which provides order execution at the best prices. The main difference between ECN accounts and the rest is the tight spread. The trading platforms for this account is MetaTrader 4, MetaTrader 5, cTrader.

An ECN-Pro account also incurs a commission of 20 USD. The available instruments are currency pairs, Metals, CFD, and cryptocurrencies. The minimum deposit is 10 USD / 10 EUR. The tight spread is from 0 pips. 

Prime Account

As the name suggests, this is the supreme account in the range of accounts. It is ideal for professionals who prefer a lower commission rate and best trading conditions. The commission starts at 10 USD. The Prime Account is available on the MetaTrader 4 platform. 

Through Prime Account can trade 28 currency pairs, metals, CFD-US stocks, CFD on indices, CFD on oil, and cryptocurrencies. The deposit amount is 5,000 USD; it is higher because of the premium service that comes along. The spread is floating from 0 pips, which is tight, and the leverage provided is 1:100. 

Rating:
4.5 Star Rating
Minimum Deposit:
$1
Risk Warning:
Losses can exceed deposits
Year Established:
2009
Head Office Location:
Cyprus
Regulated By:
Cyprus Securities and Exchange Commission (CySEC)
Funding Options:
Credit Card, Bank Transfer
Clients:
10,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, STP
Account Types Available:
Demo Account, Standard Account, Zero Spread Account, Micro Account, Mini Account, ECN Account, Islamic Account
Spread Options:
Fixed Spreads Available, Variable Spreads Available
Trading Platforms Available:
MT4, MT5, Mac, Web Trader, cTrader, Mobile Apps
Customer Support:
Email, Phone
Country Exclusions:
US, JP
Rating:
4.9 Star Rating
Minimum Deposit:
$200
Risk Warning:
Losses Can Exceed Deposits
Year Established:
2007
Head Office Location:
Australia
Regulated By:
Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
60,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, Guaranteed Stop Loss
Account Types Available:
Demo Account, Standard Account, Zero Spread Account, Islamic Account, Raw Spread Account, Mini Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
MT4, MT5, ZuluTrade, Web Trader, cTrader, Mirror Trader
Customer Support:
Email
Country Exclusions:
AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA
Rating:
4.8 Star Rating
Minimum Deposit:
$200
Find Out More:
Risk Warning:
75% of retail investor accounts lose money when trading CFDs with this provider.
Year Established:
2006
Head Office Location:
Cyprus, UK
Regulated By:
Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
Funding Options:
Credit Card, Bank Transfer, PayPal, Skrill, Neteller
Clients:
12,000,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, Negative Balance Protection
Account Types Available:
Demo Account, Mini Account, Standard Account, ECN Account, Zero Spread Account, Islamic Account, Managed Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
Web Trader, Mobile apps
Customer Support:
Email, Live Chat
Country Exclusions:
IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI
Rating:
4.8 Star Rating
Minimum Deposit:
No Minimum Deposit
Risk Warning:
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Year Established:
2002
Head Office Location:
Poland
Regulated By:
Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
250,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, Negative Balance Protection, STP
Account Types Available:
Demo Account, Standard Account, Pro Account, Micro Account, Islamic Account, Mini Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
MT4, Web Trader, Mobile apps, Mirror Trader
Customer Support:
Email, Phone, Live Chat
Country Exclusions:
US, IN, PK, BD, NG , ID, BE
Rating:
4.6 Star Rating
Minimum Deposit:
$200
Risk Warning:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
Year Established:
2010
Head Office Location:
Australia
Regulated By:
Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
10,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, STP, Negative Balance Protection
Account Types Available:
Demo Account, Standard Account, Islamic Account, ECN Account, Mini Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
MT4, MT5, Web Trader, Mac, ZuluTrade, cTrader, Mobile Apps
Customer Support:
Email, Phone, Live Chat
Country Exclusions:
BR, KR, IR, IQ, SY, JP, US
Rating:
4.7 Star Rating
Minimum Deposit:
$1
Risk Warning:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Year Established:
2002
Head Office Location:
United Kingdom
Regulated By:
Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
13,000,000+
Benefits:
Hedging, Low Minimum Deposit, Negative Balance Protection, Guaranteed Stop Loss, STP
Account Types Available:
Demo Account, Standard Account
Spread Options:
Fixed Spreads Available, Variable Spreads Available
Trading Platforms Available:
Web Trader, Mobile Apps
Customer Support:
Email, Phone, Live Chat
Country Exclusions:
US

Can I Try RoboForex Before I Buy? 

RoboForex is an international broker that caters to a large audience. To serve the requirements of all traders, they have the option of a demo account. A RoboForex demo account is very beneficial for new traders who want to test the platform before transacting. The demo account does not require any deposit or funding. Demo accounts are generally used in three situations. 

  • If a new trader wants to learn how to trade and test basic strategies without risking any money. 
  • When traders want to test the conditions provided by the broker. 
  • Many traders also create a demo account to test a new strategy or EA.

Once you are acquainted with the demo account, you can open a real account and start trading. Roboforex has different types of demo accounts that differ based on conditions. Thus, the demo accounts are not only useful for beginners but also experienced traders. 

  • Demo (MT4) – Prime
  • Demo (MT5) – ECN
  • DemoPro – Pro-Standard 

RoboForex Review: Funding And Withdrawal Methods 

To attract traders globally, RoboForex has multiple options for funding and withdrawal. There is an uncountable number of methods that you can use to deposit and withdraw your funds. Before you make any deposit and withdrawal, check if any kind of commission and fees is applied. At RoboForex, no commission is charged for deposit through any payment methods. But you might have to pay a sum to withdraw your funds from the account. 

The methods for deposit range from bank transfer to several kinds of payment gateways. The processing time for each method varies significantly. Some payment methods process funds as quickly as a minute, while few options take even five days. The withdrawal time is not mentioned in the list of payment methods.

Each deposit method allows limitations on the amount of deposit that can be made through them. The sum which you can withdraw at a time is not hinted on the website. They have funding and withdrawal methods for each country. Some methods tend to work only in limited countries. 

A few bank payment methods are bank transfer, Sofort, GiroPay, iDeal, Rapid Transfer, Santander, HSBC, Boleto, Bradesco, ITAU, etc. The electronic payment methods are WebMoney, Skrill, Neteller, Perfect Money, Fasapay, WeChat Pay, AstroPay, Mobile Money, and more. They have an option for payment through bank cards as well, and the common payment gateways are VISA, MasterCard, JCB, and China UnionPay. 

Rating:
4.5 Star Rating
Minimum Deposit:
$1
Risk Warning:
Losses can exceed deposits
Year Established:
2009
Head Office Location:
Cyprus
Regulated By:
Cyprus Securities and Exchange Commission (CySEC)
Funding Options:
Credit Card, Bank Transfer
Clients:
10,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, STP
Account Types Available:
Demo Account, Standard Account, Zero Spread Account, Micro Account, Mini Account, ECN Account, Islamic Account
Spread Options:
Fixed Spreads Available, Variable Spreads Available
Trading Platforms Available:
MT4, MT5, Mac, Web Trader, cTrader, Mobile Apps
Customer Support:
Email, Phone
Country Exclusions:
US, JP
Rating:
4.9 Star Rating
Minimum Deposit:
$200
Risk Warning:
Losses Can Exceed Deposits
Year Established:
2007
Head Office Location:
Australia
Regulated By:
Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
60,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, Guaranteed Stop Loss
Account Types Available:
Demo Account, Standard Account, Zero Spread Account, Islamic Account, Raw Spread Account, Mini Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
MT4, MT5, ZuluTrade, Web Trader, cTrader, Mirror Trader
Customer Support:
Email
Country Exclusions:
AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA
Rating:
4.8 Star Rating
Minimum Deposit:
$200
Find Out More:
Risk Warning:
75% of retail investor accounts lose money when trading CFDs with this provider.
Year Established:
2006
Head Office Location:
Cyprus, UK
Regulated By:
Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
Funding Options:
Credit Card, Bank Transfer, PayPal, Skrill, Neteller
Clients:
12,000,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, Negative Balance Protection
Account Types Available:
Demo Account, Mini Account, Standard Account, ECN Account, Zero Spread Account, Islamic Account, Managed Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
Web Trader, Mobile apps
Customer Support:
Email, Live Chat
Country Exclusions:
IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI
Rating:
4.8 Star Rating
Minimum Deposit:
No Minimum Deposit
Risk Warning:
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Year Established:
2002
Head Office Location:
Poland
Regulated By:
Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
250,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, Negative Balance Protection, STP
Account Types Available:
Demo Account, Standard Account, Pro Account, Micro Account, Islamic Account, Mini Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
MT4, Web Trader, Mobile apps, Mirror Trader
Customer Support:
Email, Phone, Live Chat
Country Exclusions:
US, IN, PK, BD, NG , ID, BE
Rating:
4.6 Star Rating
Minimum Deposit:
$200
Risk Warning:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
Year Established:
2010
Head Office Location:
Australia
Regulated By:
Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
10,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, STP, Negative Balance Protection
Account Types Available:
Demo Account, Standard Account, Islamic Account, ECN Account, Mini Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
MT4, MT5, Web Trader, Mac, ZuluTrade, cTrader, Mobile Apps
Customer Support:
Email, Phone, Live Chat
Country Exclusions:
BR, KR, IR, IQ, SY, JP, US
Rating:
4.7 Star Rating
Minimum Deposit:
$1
Risk Warning:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Year Established:
2002
Head Office Location:
United Kingdom
Regulated By:
Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
13,000,000+
Benefits:
Hedging, Low Minimum Deposit, Negative Balance Protection, Guaranteed Stop Loss, STP
Account Types Available:
Demo Account, Standard Account
Spread Options:
Fixed Spreads Available, Variable Spreads Available
Trading Platforms Available:
Web Trader, Mobile Apps
Customer Support:
Email, Phone, Live Chat
Country Exclusions:
US

How Can I Start Trading With RoboForex?

Trading can surely intimidate you, but trading with RoboForex will be a seamless experience for you. To start trading through RoboForex, a minimum deposit of 10 USD is needed. If you are willing to have access to more premium services, you need to deposit at least 100 USD. 

To trade with RoboForex, you will need to create an account. For opening an account, it’s mandatory to provide a scanned color copy of your passport, driving license, or national ID. You will also be expected to produce a valid proof of address.

 While creating an account, there will be a few compliance questions you will be asked to answer. You can explore the platform after updating these few documents. You might need to wait for the clearance of the test, and then you can start trading. 

If you are new and do not the basic strategies, RoboForex has video tutorials on trading, which will help you. You can opt for their online course on trading stocks for getting your hands on major instruments and strategies. Their easy-to-read blog will additionally guide you to start trading with them. 

To start trading on RoboForex and trade on financial markets, you need to register on Trader’s Members Area. But opening an account isn’t enough to start trading. You will have to choose on a trading terminal, an account base currency, a leverage value option. After all this process, you can open a trading account with RoboForex and start trading. 

Starting trading with RoboForex includes deciding on a trading terminal. The trading terminals available for you are MetaTrader 4, MetaTrader 5, R-Trader, CTrader, R Web Trade. You have to select your trading platform based on your expertise and what instruments you want to deal with. 

The best options for beginners for the base account currency is USD or EUR. These options are best to start trading with RoboForex. Once you have good command over these currencies, you can move to trade with others. It is also advised that you download the trading platforms application on your device. 

While initiating your account, RoboForex, you will also need to determine your account type. As mentioned earlier, RoboForex has five account types you can choose from. After fulfilling all these steps and making a deposit, you can start trading with RoboForex. 

Performing Trades With RoboForex

The market always features both buyers and sellers in large numbers. To perform a trade on RoboForex, one has to send an order from RoboForex to open a position. You can choose to open and close a lot of positions at a time. As a trader, you will have your perception of what is currently happening in the market. 

To perform successful and fruitful trades, you must know about trading strategies. Without a set of strategies, the trades you performed will result in loss. You must know the right moment and situation of the market to perform trades effectively. 

There are several ways to open a position and perform trade with RoboForex. Firstly, you need to choose the instrument you want to trade listed in the panel. Then you need to right-click the instrument and then create an order displayed in the dialog menu. Select all parameters like type, volume, stop loss, and profit levels. Lastly, you need to select the order direction, i.e., buy or sell and click the corresponding button. 

RoboForex will permit you to execute a minimum of trade of 0.01 lot. The limit of the trade lot is dependant upon the type of account you have chosen. A maximum of 100 lots can be executed through RoboForex. A lot is a unit of transactions in trades and indicates the quantity of the instruments. 

With ECN and STP execution offered by RoboForex, the trading conditions are quite different. These executions have a tight spread and greater transparency over the price you will be paying to execute the trades. ECN and STP are great for professionals; if you are a beginner, you might want to wait before trading them. 

As a dominant market player, RoboForex has more flexible entry requirements compared to ECN brokers. ECN brokers benefit largely from a higher volume of trade, have huge capital and minimum trade requirements. To attract more traders, markers have low deposit requirements, flexible minimum trade preconditions, and almost no commissions are claimed. 

Like most of the brokers, RoboForex also has different margin requirements. These margins do vary from one instrument to another. They have a detailed list of margin requirements featured on their websites. After having a clear concept about margins, you will be able to perform trades with RoboForex the right way. 

RoboForex Review: Leverage And Roboforex CFD’s Explained

This RoboForex guide covers the leverage and CFD’s provided in great detail. Before you start trading, have a look at the basics of using RoboForex leverage. RoboForex will always assist you if you are looking for using high leverage levels to maximize your gains. By reading this RoboForex guide, you will understand the leverage and CFD options proffered by them. 

Leverage

Leverage is using borrowed funds to increase the trading position beyond your available funds in your trading account. It is also known as margin trading. You can easily increase the value of your capital using leverage and make maximum profits. Though this has the potential to make large profits, it can increase the risk of losses. 

RoboForex leverage is determined through various measures and is set according to regulatory standards. With RoboForex, you can apply leverages as high as 1:2000. The leverage ratios for the five types of accounts vary. The range of leverage offered by the RoboForex entity is 1:200 to 1:2000. 

In case you are residing in Europe or trading with Cyprus regulations of RoboForex, the leverage rate is reduced. The maximum leverage for European residents is 1:30 on Forex and 1:5 on cryptocurrencies. Leverage increases your gains without incurring a huge investment. Make sure that you learn how to use leverage correctly, as leverage increases your potential losses too. 

CFD

CFD stands for Contrast Of Difference and is the contract between two parties, namely the buyer and the seller. CFD is a derivative product that enables you to speculate on financial markets and instruments like Forex, indices. The main feature of CFD is that you don’t need to have ownership of the assets. 

CFD is exchanging the price difference of the instrument from the time the contract is opened until the closing time. RoboForex offers CFD on assets like Indices and Spot Oil. You can execute a CFD on RoboFOrex on the prime, ECN, and the pro-standard account. 

The conditions for CFD exchange are exclusive at RoboForex, and they are favorable for experts. With RoboForex, you can exchange CFD in tight spreads and execute a maximum of 100 lots with the standard account. 

At RoboForex, the CFD on British Indices is quoted in GBP. CFD on German and American Indices are quoted at EUR and USD, respectively. The spot oil is quoted in USD as well.  CFD of 1 lot on Indices is one contract, whereas, for spot oil, one lot is a thousand barrels. 

The minimum margin on both the assets offered by RoboForex is 1-percent. CFDs include access to assets at a lower cost than buying them outright. With RoboForex, the ease of execution of CFDs is uncomplicated. 

Rating:
4.5 Star Rating
Minimum Deposit:
$1
Risk Warning:
Losses can exceed deposits
Year Established:
2009
Head Office Location:
Cyprus
Regulated By:
Cyprus Securities and Exchange Commission (CySEC)
Funding Options:
Credit Card, Bank Transfer
Clients:
10,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, STP
Account Types Available:
Demo Account, Standard Account, Zero Spread Account, Micro Account, Mini Account, ECN Account, Islamic Account
Spread Options:
Fixed Spreads Available, Variable Spreads Available
Trading Platforms Available:
MT4, MT5, Mac, Web Trader, cTrader, Mobile Apps
Customer Support:
Email, Phone
Country Exclusions:
US, JP
Rating:
4.9 Star Rating
Minimum Deposit:
$200
Risk Warning:
Losses Can Exceed Deposits
Year Established:
2007
Head Office Location:
Australia
Regulated By:
Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
60,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, Guaranteed Stop Loss
Account Types Available:
Demo Account, Standard Account, Zero Spread Account, Islamic Account, Raw Spread Account, Mini Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
MT4, MT5, ZuluTrade, Web Trader, cTrader, Mirror Trader
Customer Support:
Email
Country Exclusions:
AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA
Rating:
4.8 Star Rating
Minimum Deposit:
$200
Find Out More:
Risk Warning:
75% of retail investor accounts lose money when trading CFDs with this provider.
Year Established:
2006
Head Office Location:
Cyprus, UK
Regulated By:
Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
Funding Options:
Credit Card, Bank Transfer, PayPal, Skrill, Neteller
Clients:
12,000,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, Negative Balance Protection
Account Types Available:
Demo Account, Mini Account, Standard Account, ECN Account, Zero Spread Account, Islamic Account, Managed Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
Web Trader, Mobile apps
Customer Support:
Email, Live Chat
Country Exclusions:
IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI
Rating:
4.8 Star Rating
Minimum Deposit:
No Minimum Deposit
Risk Warning:
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Year Established:
2002
Head Office Location:
Poland
Regulated By:
Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
250,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, Negative Balance Protection, STP
Account Types Available:
Demo Account, Standard Account, Pro Account, Micro Account, Islamic Account, Mini Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
MT4, Web Trader, Mobile apps, Mirror Trader
Customer Support:
Email, Phone, Live Chat
Country Exclusions:
US, IN, PK, BD, NG , ID, BE
Rating:
4.6 Star Rating
Minimum Deposit:
$200
Risk Warning:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
Year Established:
2010
Head Office Location:
Australia
Regulated By:
Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
10,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, STP, Negative Balance Protection
Account Types Available:
Demo Account, Standard Account, Islamic Account, ECN Account, Mini Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
MT4, MT5, Web Trader, Mac, ZuluTrade, cTrader, Mobile Apps
Customer Support:
Email, Phone, Live Chat
Country Exclusions:
BR, KR, IR, IQ, SY, JP, US
Rating:
4.7 Star Rating
Minimum Deposit:
$1
Risk Warning:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Year Established:
2002
Head Office Location:
United Kingdom
Regulated By:
Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
13,000,000+
Benefits:
Hedging, Low Minimum Deposit, Negative Balance Protection, Guaranteed Stop Loss, STP
Account Types Available:
Demo Account, Standard Account
Spread Options:
Fixed Spreads Available, Variable Spreads Available
Trading Platforms Available:
Web Trader, Mobile Apps
Customer Support:
Email, Phone, Live Chat
Country Exclusions:
US

Limiting Your Risk When Trading With RoboForex Negative Balance Protection

This RoboForex review for 2023 will help you to understand how RoboForex protects you from large losses. Every broker needs to be sure that their funds and finance are safe and not prone to risks. To understand how RoboForex manages major, you should understand the concept of negative balance. 

Trading on the financial markets involves magnificent risks that are closely related to losing money.  A negative balance is very common when you are dealing in highly volatile markets. To protect your account from obtaining a negative balance, RoboForex has a reliable system to monitor all obligations. 

Due to any circumstance, if trading your account is prone to go negative, RoboForex will automatically reset it to zero. When you are trading Forex or CFDs, the risk of losses magnifies. You might lose almost the entire amount of your account balance. 

This protection extended by RoboForex will be beneficial to both beginners and expert traders. RoboForex will not allow your trading losses to exceed the funds on your account, thereby limiting the risks. A few brokers, upon detecting a negative balance, will ask you to deposit more money. With negative balance protection with RoboForex, you don’t have to bother about this.  

To explain this measure better, this RoboForex review of has discussed this matter in greater detail. Supposedly, you deposit $1,000 into your trading account to buy an instrument with leverage of 5:1. With leverage, your position in the market is now $5,000. During the period, the instruments’ price drops by 7-percent due to turbulence. In this case, you will incur a loss of 35-percent that amounts to $1750. 

The loss will take your initial capital of $1,000, and additionally, you will owe $750 to the broker. In cases like this, RoboForex will not let your loss add up more than your initial fund invested. This negative balance protection advantageous if you are taking great leverage and trading a high amount. 

Limiting Your Risk When Trading With RoboForex By Using Stop Loss And RoboForex Stop Limit Orders

While trading with RoboForex, traders will have several features that can function to limit the risks. RoboForex has both stop-loss and stop-limit orders that can be used to limit potential losses. Both the tools are essential for traders and are very useful to prevent major risks. 

Stop Loss

A stop loss is a tool intended to minimize losses. This feature can be used if the price of a financial instrument is shifting towards an unfavorable direction. Stop-loss can be applied to an open position or a pending order. There is a buy stop and sell stop in RoboForex. In other words, the instrument is bought and sold according to the prementioned value. 

As soon as the price of the instrument reaches the buying value you had set, the system creates a market order. Similarly, when the instrument touches the selling value you had mentioned, it will be automatically sold by the system. This way, your execution happens whenever the market conditions are suitable. 

If the value of the instruments does not attain the limits you have mentioned, the order is not executed, and it is forfeited. The stop loss sounds ideal but notes that it is feasible under circumstances that depend upon the market. This automated trading system can serve as a risk management tool. Apart from this, there are plenty of ways you can limit risk in your portfolios. 

Stop Limit

A stop limit is an order that combines features of Stop and Limit orders. When the price of the instrument reaches the levels set by you, the system will generate a limit order at that same rate. A stop limit is an order meant for traders’ safety. This is another risk management tool that RoboForex offers its traders. 

Through stop-limit, you will have greater control over when the order should be executed. Just like stop-loss, stop-limit orders also have no guarantee of execution. If applied smartly, the stop limit can mitigate your risks and turn your investments into profits. 

The stop-limit order requires two price positions. One is the stop, which is the start of the specifies target price for the trading instrument. Another is the limit, which is the outside of the price target for the trade. A timeframe is also required to be set during which the stop-limit order can be executed. 

If the market causes the price to be unfavorable for you, the trading activity related to the order will be ceased. By combining your orders with the stop-limit, you can have greater precision in executing the order. A limit order is visible in the market, whereas the stop order can’t be seen until triggered. 

RoboForex Review: Educational Trader Resources Available

For a hassle-free and fruitful trading experience with Roboforex, it is vital to have a good grasp of RoboForex’s trading tools and markets. This RoboForex review will guide you through their educational resources.

RoboForex offers its traders a wide array of educational resources, which include engaging videos and blogs on numerous useful topics. They have teamed up with an analytical firm called Claws and Horns to provide up to the mark study resources. You can easily understand the nuances of effective trading strategies, how to manage risks, the best time for trading, and more on their platform.

It is always advised to have a good look at the given resources before you put your foot forward in the world of trading. To make this process easier, RoboForex offers its traders and clients elaborate and informative video lessons free of charge. Not only do these tutorials explain the basics of trading, but it also provides information on technical and analytical aspects of the market. 

Make sure you take some time to understand and know about the workings of RoboForex and the trading market in general for better trading experience. You can educate yourself with reading material available on the RoboForex platform and supplement your understanding by reading RoboForex review, such as this one. 

Learn from the best with the training resources available at RoboForex

RoboForex Review: Customer Support Available

When it comes to customer support, RoboForex makes sure to cater to every need and doubt that you might have. RoboForex provides around the clock customer support in eleven languages, like English, Italian, Portuguese, Arabic, Malaysian, Thai, and more. 

To help facilitate customer support at RoboForex, they provide easy reaching-out options like Live Chat, Call Back, and Email support. You can also always contact them on platforms like WhatsApp, Skype, Telegram, Viber, and Facebook. 

Live Chat at RoboForex

RoboForex provides a good Live Chat option, wherein you can expect their reply in anywhere from 3 to 4 minutes after sending your query. 

Phone Support at RoboForex

RoboForex is adept in hearing queries and doubts in multiple languages that you might experience regarding their services with their multilingual call support facility. You can expect your call to be answered within 4 to 5 minutes.

You can even avail the Call-Back facility on their website, wherein you simply need to put in your mobile number, and a customer support agent from RoboForex will call you back right away.

Email Support from RoboForex

Just like other reaching-out facilities at RoboForex, email support at RoboForex is also very efficient. You can expect a detailed reply to your email fairly soon. You can get a reply to your email anywhere from under 15 minutes to a couple of hours. However, the response time may vary from person to person.

All in all, RoboForex has a proficient customer support system that is capable of answering any questions that you might have regarding their services. 

Rating:
4.5 Star Rating
Minimum Deposit:
$1
Risk Warning:
Losses can exceed deposits
Year Established:
2009
Head Office Location:
Cyprus
Regulated By:
Cyprus Securities and Exchange Commission (CySEC)
Funding Options:
Credit Card, Bank Transfer
Clients:
10,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, STP
Account Types Available:
Demo Account, Standard Account, Zero Spread Account, Micro Account, Mini Account, ECN Account, Islamic Account
Spread Options:
Fixed Spreads Available, Variable Spreads Available
Trading Platforms Available:
MT4, MT5, Mac, Web Trader, cTrader, Mobile Apps
Customer Support:
Email, Phone
Country Exclusions:
US, JP
Rating:
4.9 Star Rating
Minimum Deposit:
$200
Risk Warning:
Losses Can Exceed Deposits
Year Established:
2007
Head Office Location:
Australia
Regulated By:
Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
60,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, Guaranteed Stop Loss
Account Types Available:
Demo Account, Standard Account, Zero Spread Account, Islamic Account, Raw Spread Account, Mini Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
MT4, MT5, ZuluTrade, Web Trader, cTrader, Mirror Trader
Customer Support:
Email
Country Exclusions:
AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA
Rating:
4.8 Star Rating
Minimum Deposit:
$200
Find Out More:
Risk Warning:
75% of retail investor accounts lose money when trading CFDs with this provider.
Year Established:
2006
Head Office Location:
Cyprus, UK
Regulated By:
Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
Funding Options:
Credit Card, Bank Transfer, PayPal, Skrill, Neteller
Clients:
12,000,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, Negative Balance Protection
Account Types Available:
Demo Account, Mini Account, Standard Account, ECN Account, Zero Spread Account, Islamic Account, Managed Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
Web Trader, Mobile apps
Customer Support:
Email, Live Chat
Country Exclusions:
IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI
Rating:
4.8 Star Rating
Minimum Deposit:
No Minimum Deposit
Risk Warning:
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Year Established:
2002
Head Office Location:
Poland
Regulated By:
Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
250,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, Negative Balance Protection, STP
Account Types Available:
Demo Account, Standard Account, Pro Account, Micro Account, Islamic Account, Mini Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
MT4, Web Trader, Mobile apps, Mirror Trader
Customer Support:
Email, Phone, Live Chat
Country Exclusions:
US, IN, PK, BD, NG , ID, BE
Rating:
4.6 Star Rating
Minimum Deposit:
$200
Risk Warning:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
Year Established:
2010
Head Office Location:
Australia
Regulated By:
Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
10,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, STP, Negative Balance Protection
Account Types Available:
Demo Account, Standard Account, Islamic Account, ECN Account, Mini Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
MT4, MT5, Web Trader, Mac, ZuluTrade, cTrader, Mobile Apps
Customer Support:
Email, Phone, Live Chat
Country Exclusions:
BR, KR, IR, IQ, SY, JP, US
Rating:
4.7 Star Rating
Minimum Deposit:
$1
Risk Warning:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Year Established:
2002
Head Office Location:
United Kingdom
Regulated By:
Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
13,000,000+
Benefits:
Hedging, Low Minimum Deposit, Negative Balance Protection, Guaranteed Stop Loss, STP
Account Types Available:
Demo Account, Standard Account
Spread Options:
Fixed Spreads Available, Variable Spreads Available
Trading Platforms Available:
Web Trader, Mobile Apps
Customer Support:
Email, Phone, Live Chat
Country Exclusions:
US

What Will You Need To Open An Account With RoboForex?

At RoboForex, you can easily choose from 5 types of trading accounts, which can be opened easily on their platform. But, before you start with your account, you will need to pass a few checks. These checks are to make sure that you are aware of and understand the workings of trading and also to make sure that you are eligible for trade. 

You should keep the following documents ready before you open an account at RoboForex, as these may be asked of you:

  • A scanned copy of any national ID like driving license, passport, etc. 
  • A bank statement or a utility bill for the past three months that can also serve as address proof for you.

Apart from these important documents, you will also be required to answer some basic questions which would help RoboForex gauge the level of knowledge you possess about trading. You need to take some time and answer these questions carefully to avoid any confusion later on. These questions are mandatory and cannot be skipped before opening an account.

You need to provide the above-mentioned documents, and also pass the checkpoints to open your trading account before you dip your feet into the world of trading. Failure to provide these will result in the inability to start trading on the RoboForex platform. 

You might need to wait a couple of days before your account gets approved for trade on the RoboForex platform. The waiting time may vary from person to person.

Remember to be mindful of all the risks involved in the process of trading. Since this is just a guiding RoboForex review, you need to be aware of all kinds of trading involve risks. You should make sure that you invest your capital wisely after going through all the vital information. 

Is RoboForex A Good Broker?

Since this is a RoboForex review for 2023 that aims to help you know broker platforms like RoboForex better, the answer to the above question is explained elaborately for your convenience. 

Just like everything in life, RoboForex, too, has its pros and cons. Every broker that you might come across will come with their fair share of benefits and problematic aspects. But that should not stop you from entering the dynamic world of trading. With a lot of research and patience, you can choose a trusted broker for your trading.

That being said, RoboForex is indeed a good broker. The reasons that make RoboForex a reliable and good broker are as follows:

  • RoboForex has been in the trading game since 2009. They hold more than 11 years of experience in the field and offer quality services.
  • RoboForex boasts of a good record in terms of their CFD and Forex services.
  • RoboForex is an international and licensed broker, which means that people from several countries can easily and safely trade using their platforms. 
  • RoboForex provides services in multiple languages, which makes trading for a variety of people easy and possible. 
  • RoboForex has a good deposit and withdrawals facility, which are easily processed within four working days. This is a good feature for when you wish to withdraw your capital.
  • RoboForex has an excellent customer support system, where you can contact them with any queries and doubts, and be assured of assistance fast. 
  • RoboForex is regulated by the International Financial Services Commission Belize (IFSC Belize). This makes RoboForex fall under the regulations of a jurisdiction that can hold it accountable for its misdeeds. They also possess regulation from a reputable country. 
  • RoboForex has a highly efficient and interactive website with platforms that are suitable for all types of people. They also have a mobile trading app called R Mobile Trader, which makes it easier for people to trade on the go.
  • RoboForex provides appreciable educational materials on its website, which caters to people with varying levels of experience. 

In conclusion, according to this RoboForex review, RoboForex is a good broker if you choose to enter into the trading market. They have a good track record and experience, which makes them a good choice for a broker. Their user-friendly website is a bonus, which makes trading for people convenient and easier.

Note that the present RoboForex review is one of the stepping stones in your research and that it is necessary for you to research multiple sources. You should also go through the RoboForex website before making any decisions. Comparison and analysis are the keys to ace in trading. 

RoboForex Risk Disclaimer

No RoboForex review would be complete with detailing their risk disclaimer. Every broker needs to lay out the risks associated with trading and investments in detail. Something similar can be found on the website of RoboForex under the heading of ‘Risk Warning.’ In this RoboForex review, you will find the risk disclaimer put forth by RoboForex on their website in a simple manner. 

At the outset, RoboForex mentions some general facts. Mainly when you enter the foreign exchange and stock market and trade using different investment products, it is important to realize that nothing is assured. You could gain immense profits from your trading, and on a bad day, even lose all the capital that you have invested. No days are the same, and hence it is vital to understand that.

RoboForex also expects that you assure them that you fully comprehend and understand all the risks involved in trading. Different factors, like economic, geo-political, governmental policies, unforeseen circumstances, etc., can severely affect trade. 

RoboForex also draws attention to the fact that it cannot be held liable for any damages which result from governmental restrictions and various other circumstances that are beyond its control. 

Rating:
4.5 Star Rating
Minimum Deposit:
$1
Risk Warning:
Losses can exceed deposits
Year Established:
2009
Head Office Location:
Cyprus
Regulated By:
Cyprus Securities and Exchange Commission (CySEC)
Funding Options:
Credit Card, Bank Transfer
Clients:
10,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, STP
Account Types Available:
Demo Account, Standard Account, Zero Spread Account, Micro Account, Mini Account, ECN Account, Islamic Account
Spread Options:
Fixed Spreads Available, Variable Spreads Available
Trading Platforms Available:
MT4, MT5, Mac, Web Trader, cTrader, Mobile Apps
Customer Support:
Email, Phone
Country Exclusions:
US, JP
Rating:
4.9 Star Rating
Minimum Deposit:
$200
Risk Warning:
Losses Can Exceed Deposits
Year Established:
2007
Head Office Location:
Australia
Regulated By:
Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
60,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, Guaranteed Stop Loss
Account Types Available:
Demo Account, Standard Account, Zero Spread Account, Islamic Account, Raw Spread Account, Mini Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
MT4, MT5, ZuluTrade, Web Trader, cTrader, Mirror Trader
Customer Support:
Email
Country Exclusions:
AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA
Rating:
4.8 Star Rating
Minimum Deposit:
$200
Find Out More:
Risk Warning:
75% of retail investor accounts lose money when trading CFDs with this provider.
Year Established:
2006
Head Office Location:
Cyprus, UK
Regulated By:
Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
Funding Options:
Credit Card, Bank Transfer, PayPal, Skrill, Neteller
Clients:
12,000,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, Negative Balance Protection
Account Types Available:
Demo Account, Mini Account, Standard Account, ECN Account, Zero Spread Account, Islamic Account, Managed Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
Web Trader, Mobile apps
Customer Support:
Email, Live Chat
Country Exclusions:
IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI
Rating:
4.8 Star Rating
Minimum Deposit:
No Minimum Deposit
Risk Warning:
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Year Established:
2002
Head Office Location:
Poland
Regulated By:
Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
250,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, Negative Balance Protection, STP
Account Types Available:
Demo Account, Standard Account, Pro Account, Micro Account, Islamic Account, Mini Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
MT4, Web Trader, Mobile apps, Mirror Trader
Customer Support:
Email, Phone, Live Chat
Country Exclusions:
US, IN, PK, BD, NG , ID, BE
Rating:
4.6 Star Rating
Minimum Deposit:
$200
Risk Warning:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
Year Established:
2010
Head Office Location:
Australia
Regulated By:
Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
10,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, STP, Negative Balance Protection
Account Types Available:
Demo Account, Standard Account, Islamic Account, ECN Account, Mini Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
MT4, MT5, Web Trader, Mac, ZuluTrade, cTrader, Mobile Apps
Customer Support:
Email, Phone, Live Chat
Country Exclusions:
BR, KR, IR, IQ, SY, JP, US
Rating:
4.7 Star Rating
Minimum Deposit:
$1
Risk Warning:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Year Established:
2002
Head Office Location:
United Kingdom
Regulated By:
Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
13,000,000+
Benefits:
Hedging, Low Minimum Deposit, Negative Balance Protection, Guaranteed Stop Loss, STP
Account Types Available:
Demo Account, Standard Account
Spread Options:
Fixed Spreads Available, Variable Spreads Available
Trading Platforms Available:
Web Trader, Mobile Apps
Customer Support:
Email, Phone, Live Chat
Country Exclusions:
US

RoboForex Review: Frequently Asked Questions

Just like you, many people have numerous doubts and questions regarding brokers. It is always a good move to study these questions before taking any step in the direction of trading. Trading involves your hard-earned capital, and it is wise to invest your money after careful consideration and research. 

In this RoboForex review, you can find some widely and frequently asked questions which can come in handy if you wish to trade on RoboForex. A consistent effort has been made to provide informative and accurate answers to the following frequently asked questions for your convenience. 

Can I Try RoboForex Before I Buy?

When we were compiling this RoboForex review with tested a free demo account on the RoboForex website that can be used before opening the actual trading account. You can go to their website and click on ‘Open Demo Account, ‘ which will take you to a sign-up page asking for your general information. 

You can try your hands on this demo account and learn about the workings of RoboForex. It is a good way to understand and learn how to go about your tradings on the RoboForex platform without having to buy an actual account.

What Funding Methods Does RoboForex Accept?

RoboForex accepts various funding methods like Credit Cards, Payoneer, Neteller, Bank Transfer, and more. 

You should be noted that accepted funding methods might differ for you due to your country or any changes made by RoboForex itself.

Is RoboForex Safe?

RoboForex is an international broker, and so they strive to provide only optimum level services to its clients. Having said so, RoboForex can be seen as a safe broker as they are regulated and monitored for their conduct by the International Financial Services Commission Belize (IFSC Belize). Apart from that, here are some added security features by RoboForex:

RoboForex conducts all transactions and funds in a segregated account for its clients. For an added layer of security, RoboForex only uses Tier-1 banks for its accounts. 

RoboForex also provides a Negative Balance Protection Policy, which is very useful for all the traders. 

RoboForex comes with a Civil Liability Insurance Program. 

RoboForex has an Execution Quality certificate from Verify My Trade, which is an independent company that strives to provide honest ranking to brokers.

Lastly, you can be assured after reading this RoboForex review that it is safe as it operates with only Tier-1 banks, which are highly adept at functioning in volatile markets. Tier-1 classification is a big indicator of a bank’s financial scenario, for it takes years for banks to achieve this level. Hence, only the best of the best make it here.

Is RoboForex Trading Good?

With years of experience and a strong international presence, RoboForex is a well-known and highly competent broker for trading. They provide different trading accounts for a variety of clients and enable their clients to trade Forex, Stocks, Indices, Cryptocurrencies, etc. over numerous markets.

According to our RoboForex review, RoboForex can be considered a fairly good broker for trading. They have even been facilitated with many awards like ‘Best Global Mobile Trading App 2020’, ‘Best Stock Broker Asia 2019’, ‘Best Investment Platform 2019’, etc. (Source: https://roboforex.com/about/activity/awards/)

Is RoboForex Trading Legit?

RoboForex is an international broker that was founded in 2009 and is regulated by the International Financial Services Commission Belize (IFSC Belize). They are a known name in international trade and have been making trading comfortable and convenient for its clients for more than 11 years.

Considering their experience and strict regulation policy, you can easily consider RoboForex trading legit. 

Is RoboForex A Good Broker?

RoboForex is regulated and monitored by the International Financial Services Commission Belize (IFSC Belize), which is a financial regulator of repute. They also operate with only Tier-1 banks, which are highly proficient in their financial handlings. You can view RoboForex as a good broker as it is regularly monitored and is known for providing good services to their clients. 

Is RoboForex A Trustworthy Broker?

According to our present RoboForex review, RoboForex can safely be viewed as a trustworthy broker. They operate with only Tier-1 banks. This means that all the money which is funded to them is kept in a highly secure segregated account of Tier-1 banks. Your money is held securely in Tier-1 banks and not directly with RoboForex.

RoboForex does not have direct access to your funds, and hence you can be assured that your capital will never be misused by RoboForex itself.

RoboForex is regulated by the International Financial Services Commission Belize (IFSC Belize), which is a financial regulator of repute. It is responsible for making sure all the transactions are made per rules and regulations.

What Is The Minimum Deposit For RoboForex?

RoboForex has a varied minimum deposit, which depends on the type of account you wish to opt for. The following is the minimum deposit for various RoboForex accounts:

  • If you opt for Pro-Cent, Pro-Standard, and ECN accounts, then the minimum deposit is 10 USD/ 10 EUR/or equivalent in account currencies.
  • If you have a Prime account, the deposit is 5,000 USD/or equivalent in account currencies.
  • Lastly, if you have an R Trader account, the deposit is 100 USD/100 EUR.

How Long Do RoboForex Withdrawals Take?

In case you want to withdraw your money from your account, RoboForex will expediently process your request and will process it within the next 2-5 working days. Do keep in mind that this time frame is the average time to process withdrawal requests, but it can vary from time to time. 

Is RoboForex Regulated?

RoboForex is regulated and licensed by IFSC Belize (International Financial Services Commission Belize). RoboForex is an international broker that has a special brokerage license from IFSC Belize under the number 000138/107.

IFSC Belize itself is regulated by the Ministry of Securities, Belize and follows the international AML (Anti-Money Laundering) Policy.

RoboForex also partners with “Verify My Trade” and “The Financial Commission.”

Is RoboForex A Market Maker?

RoboForex indeed is a market maker, but only for all cent accounts. Certain liquidities will be purchased by RoboForex if there are no other buyers lined up. This is for the reason of minimum trade volumes. 

While for all standard and ECN accounts, RoboForex functions as an STP (Straight-Through-Processor) broker. 

How Can I Start Trading With RoboForex?

Starting to trade is not very complicated. Firstly, you need to open an account then decide on the trading terminal platform of your choice, the base currency, and the leverage value.

You do need the minimum amount of $1 in your account to start trading, however. 

Is My Money Safe With RoboForex?

As RoboForex is a regulated and licensed broker, it has to adhere to the strict rules and regulations set by its regulator to remain licensed and able to conduct its business. 

RoboForex employs a negative balance protection system. This procedure stops your deposits from massive losses. RoboForex keeps all its traders’ funds in segregated accounts in major banking corporations to prevent any losses. 

Since RoboForex is a category “A” member of The Financial Commission and also a part of its Compensation Fund, membership of which provides insurance coverage for traders up to 20,000 EUR.  

Is RoboForex A Scam/Con?

RoboForex has been operating internationally since 2009 years and is a regulated and licensed financial broker. If it was a scam, then it would not be running for so many years and definitely would not be licensed or regulated for such a long period.

Can You Make Money With RoboForex?

You definitely can earn money with RoboForex but keep in mind that making money is not a guarantee. Not that this RoboForex review is one for guidance and that you need to be well aware of all risks that are associated with trading. Forex trading, or any other kind of trading on the financial market, is not a get rich, easy scheme.

 You need to research the market, educate yourself, and play it safe. Only then will you have a much higher chance of success. You should make it a point to refrain from investing money that you cannot afford to lose.

Does RoboForex Have Fees?

RoboForex charges no fees for deposits made into the account. Some methods of withdrawals have a commission percentage.  They also do not take any charges from you for your account inactivity. 

When Was RoboForex Founded?

RoboForex was founded in the year 2009, and the domain Roboforex.com is a property of RoboMarkets Ltd. RoboForex is regulated by the International Financial Services Commission of Belize (IFSC Belize).

How Many People Use RoboForex?

Since its foundation, more than 10,000 registered traders have been using RoboForex for undertaking their trading activities. This number is growing by the day.

Where Is The Headquarters Of RoboForex?

RoboForex is a known international broker, which was founded in 2009 and had its headquarters in Belize. 

RoboForex has its head office at 2118 Guava Street, Belama Phase 1, Belize City, Belize. 

(Source: https://roboforex.com/about/company/about/)

Does RoboForex Offer Negative Balance Protection?

Yes, Roboforex has Negative Balance Protection facility. It is specially offered when the market volatility keeps clients from keeping their accounts in the black. In such a scenario, RoboForex offers to reset their account balance to zero.

You can go through the important terms and conditions on RoboForex’s website to understand their policies better. 

Does RoboForex Offer Guaranteed Stop-Loss?

RoboForex unfortunately, does not offer you a guaranteed stop loss. RoboForex gives a chance to its traders to close their trade at their specified price. Apart from this, RoboForex does not provide a guaranteed stop loss.

Does RoboForex Allow Scalping?

RoboForex allows scalping. Roboforex is one of the best platforms which offers a good trading condition that is suitable for scalping.

Does RoboForex Allow Hedging?

RoboForex allows hedging. As a matter of fact, RoboForex is one of the very few brokers who provide this facility to its clients. 

With its MetaTrader5 and MetaTrader4 platforms, you can avail of the hedging facility. 

Does RoboForex Offer CFD Trading?

CFD, which stands for ‘Contract for Difference’, is a type of trading involving a contract between two parties, mostly a buyer and a seller. You can find this type of trading to be offered by RoboForex. 

RoboForex provides CFD trading on three of its accounts, that is Pro-Standard, ECN, and Prime account. 

Does RoboForex Offer STP?

Like any good broker in the market, RoboForex also provides you with STP. RoboForex aims to provide a comfortable and systematic trading experience to its clients, and hence STP is offered by them. 

Is RoboForex An ECN Broker?

RoboForex offers an ECN account facility for professional traders who look for the best trading conditions while undertaking their trading activities. Various types of assets are provided by Roboforex for trading with ECN accounts like cryptocurrencies, currency pairs, metals, and so on. 

The main difference between a standard account and an ECN account on RoboForex is related to tight spreads, commissions for transactions, etc. 

Does RoboForex Offer Demo Accounts?

RoboForex offers you with demo accounts which are very similar to their real accounts. In the demo account, you don’t need to invest any penny, unlike for their real account. It is one of the best ways to test your knowledge and strategies in real market conditions with no risk involved.

If you are a beginner and need to test the waters before you invest your capital and funds in trading, the demo account facility by RoboForex is a great opportunity for you to do so. You can also earn from their ‘Cashback (Rebates)’ program, which provides an additional income to the demo account users. 

RoboForex demo accounts can be opened multiple times, which are free of cost. However, you should keep a note of the fact that these accounts expire in 90 days. 

Does RoboForex Offer Islamic Accounts?

RoboForex also offers its clients Islamic accounts on their website. These accounts are specially offered by RoboForex, keeping the needs and requirements of clients of the Muslim belief. 

RoboForex specially provides Swap-Free Islamic accounts, where you are charged a fixed commission, depending solely on the kind of currency pair and the number of open lots. It is not dependent on the issuing bank’s interest rates. 

RoboForex has created an Islamic account facility to include all its Muslim faith bearing clients. 

Rating:
4.5 Star Rating
Minimum Deposit:
$1
Risk Warning:
Losses can exceed deposits
Year Established:
2009
Head Office Location:
Cyprus
Regulated By:
Cyprus Securities and Exchange Commission (CySEC)
Funding Options:
Credit Card, Bank Transfer
Clients:
10,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, STP
Account Types Available:
Demo Account, Standard Account, Zero Spread Account, Micro Account, Mini Account, ECN Account, Islamic Account
Spread Options:
Fixed Spreads Available, Variable Spreads Available
Trading Platforms Available:
MT4, MT5, Mac, Web Trader, cTrader, Mobile Apps
Customer Support:
Email, Phone
Country Exclusions:
US, JP
Rating:
4.9 Star Rating
Minimum Deposit:
$200
Risk Warning:
Losses Can Exceed Deposits
Year Established:
2007
Head Office Location:
Australia
Regulated By:
Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
60,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, Guaranteed Stop Loss
Account Types Available:
Demo Account, Standard Account, Zero Spread Account, Islamic Account, Raw Spread Account, Mini Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
MT4, MT5, ZuluTrade, Web Trader, cTrader, Mirror Trader
Customer Support:
Email
Country Exclusions:
AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA
Rating:
4.8 Star Rating
Minimum Deposit:
$200
Find Out More:
Risk Warning:
75% of retail investor accounts lose money when trading CFDs with this provider.
Year Established:
2006
Head Office Location:
Cyprus, UK
Regulated By:
Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
Funding Options:
Credit Card, Bank Transfer, PayPal, Skrill, Neteller
Clients:
12,000,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, Negative Balance Protection
Account Types Available:
Demo Account, Mini Account, Standard Account, ECN Account, Zero Spread Account, Islamic Account, Managed Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
Web Trader, Mobile apps
Customer Support:
Email, Live Chat
Country Exclusions:
IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI
Rating:
4.8 Star Rating
Minimum Deposit:
No Minimum Deposit
Risk Warning:
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Year Established:
2002
Head Office Location:
Poland
Regulated By:
Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
250,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, Negative Balance Protection, STP
Account Types Available:
Demo Account, Standard Account, Pro Account, Micro Account, Islamic Account, Mini Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
MT4, Web Trader, Mobile apps, Mirror Trader
Customer Support:
Email, Phone, Live Chat
Country Exclusions:
US, IN, PK, BD, NG , ID, BE
Rating:
4.6 Star Rating
Minimum Deposit:
$200
Risk Warning:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
Year Established:
2010
Head Office Location:
Australia
Regulated By:
Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
10,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, STP, Negative Balance Protection
Account Types Available:
Demo Account, Standard Account, Islamic Account, ECN Account, Mini Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
MT4, MT5, Web Trader, Mac, ZuluTrade, cTrader, Mobile Apps
Customer Support:
Email, Phone, Live Chat
Country Exclusions:
BR, KR, IR, IQ, SY, JP, US
Rating:
4.7 Star Rating
Minimum Deposit:
$1
Risk Warning:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Year Established:
2002
Head Office Location:
United Kingdom
Regulated By:
Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
13,000,000+
Benefits:
Hedging, Low Minimum Deposit, Negative Balance Protection, Guaranteed Stop Loss, STP
Account Types Available:
Demo Account, Standard Account
Spread Options:
Fixed Spreads Available, Variable Spreads Available
Trading Platforms Available:
Web Trader, Mobile Apps
Customer Support:
Email, Phone, Live Chat
Country Exclusions:
US

Summary

This RoboForex review for 2023 has tried to elaborate and review all the important elements of RoboForex for helping you make informed decisions. RoboForex is a decade-old financial broker that is regulated by the International Financial Services Commission Belize (IFSC Belize). It is also authorized by the same. RoboForex has teamed up with “The Financial Commission” and its “Compensation Fund” that provides insurance coverage for traders. RoboForex also associates with “Verify My Trade,” that gives out quality execution certificates. 

RoboForex also helps its traders with negative balance protection and provides segregated accounts for each member. 

Traders can join RoboForex through one of five different trading accounts; Prime, ECN, R Trader, Pro-Cent, and Pro-Standard. There is also the option of the opening of an Islamic swap-free account for those who require it. You should note that the commission rate will depend on the type of account that you create. Most of the accounts start with leverage of 2000:1. 

RoboForex does also provides the opportunity for traders to open demo accounts. This is to let traders some time to familiarise themselves with the platforms and the broker’s workings and services. 

On RoboForex, traders get the opportunity to trade on eight different asset classes. These eight asset classes cover and include Forex ECN and CFDs on Stocks, ETFs, Indices, Cryptocurrencies, and Commodities. Apart from these, users also get the chance to invest in the real stocks of American listed companies. When combined, these assets come to a total of over 12,000 assets that can be bought, sold, and traded. 

RoboForex also provides countless opportunities for traders to research and educate themselves. They also have a comprehensive FAQ and Tips sections to help out budding traders or any user that has run into any problem.

With the “My Strategies” section implemented in a few of the trading terminals, one doesn’t even need to be a programmer to make their trading robot. You can easily have an automated trade with just a few clicks. 

As a final word, you should always research before making any decisions where your money is involved. This RoboForex review is a good way to educate yourself before investing your money on the RoboForex platform. 

Rating:
4.5 Star Rating
Minimum Deposit:
$1
Risk Warning:
Losses can exceed deposits
Year Established:
2009
Head Office Location:
Cyprus
Regulated By:
Cyprus Securities and Exchange Commission (CySEC)
Funding Options:
Credit Card, Bank Transfer
Clients:
10,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, STP
Account Types Available:
Demo Account, Standard Account, Zero Spread Account, Micro Account, Mini Account, ECN Account, Islamic Account
Spread Options:
Fixed Spreads Available, Variable Spreads Available
Trading Platforms Available:
MT4, MT5, Mac, Web Trader, cTrader, Mobile Apps
Customer Support:
Email, Phone
Country Exclusions:
US, JP
Rating:
4.9 Star Rating
Minimum Deposit:
$200
Risk Warning:
Losses Can Exceed Deposits
Year Established:
2007
Head Office Location:
Australia
Regulated By:
Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
60,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, Guaranteed Stop Loss
Account Types Available:
Demo Account, Standard Account, Zero Spread Account, Islamic Account, Raw Spread Account, Mini Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
MT4, MT5, ZuluTrade, Web Trader, cTrader, Mirror Trader
Customer Support:
Email
Country Exclusions:
AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA
Rating:
4.8 Star Rating
Minimum Deposit:
$200
Find Out More:
Risk Warning:
75% of retail investor accounts lose money when trading CFDs with this provider.
Year Established:
2006
Head Office Location:
Cyprus, UK
Regulated By:
Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
Funding Options:
Credit Card, Bank Transfer, PayPal, Skrill, Neteller
Clients:
12,000,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, Negative Balance Protection
Account Types Available:
Demo Account, Mini Account, Standard Account, ECN Account, Zero Spread Account, Islamic Account, Managed Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
Web Trader, Mobile apps
Customer Support:
Email, Live Chat
Country Exclusions:
IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI
Rating:
4.8 Star Rating
Minimum Deposit:
No Minimum Deposit
Risk Warning:
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Year Established:
2002
Head Office Location:
Poland
Regulated By:
Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
250,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, Negative Balance Protection, STP
Account Types Available:
Demo Account, Standard Account, Pro Account, Micro Account, Islamic Account, Mini Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
MT4, Web Trader, Mobile apps, Mirror Trader
Customer Support:
Email, Phone, Live Chat
Country Exclusions:
US, IN, PK, BD, NG , ID, BE
Rating:
4.6 Star Rating
Minimum Deposit:
$200
Risk Warning:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
Year Established:
2010
Head Office Location:
Australia
Regulated By:
Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
10,000+
Benefits:
Scalping, Hedging, Low Minimum Deposit, STP, Negative Balance Protection
Account Types Available:
Demo Account, Standard Account, Islamic Account, ECN Account, Mini Account
Spread Options:
No Fixed Spreads, Variable Spreads Available
Trading Platforms Available:
MT4, MT5, Web Trader, Mac, ZuluTrade, cTrader, Mobile Apps
Customer Support:
Email, Phone, Live Chat
Country Exclusions:
BR, KR, IR, IQ, SY, JP, US
Rating:
4.7 Star Rating
Minimum Deposit:
$1
Risk Warning:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Year Established:
2002
Head Office Location:
United Kingdom
Regulated By:
Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
Funding Options:
Credit Card, PayPal, Bank Transfer
Clients:
13,000,000+
Benefits:
Hedging, Low Minimum Deposit, Negative Balance Protection, Guaranteed Stop Loss, STP
Account Types Available:
Demo Account, Standard Account
Spread Options:
Fixed Spreads Available, Variable Spreads Available
Trading Platforms Available:
Web Trader, Mobile Apps
Customer Support:
Email, Phone, Live Chat
Country Exclusions:
US