RoboForex is a Belize-based online forex and CFD broker that was founded in 2009. They provide online trading services in over ,9400 tradable instruments across multiple asset classes, such as forex, cryptocurrency, stocks, indices, ETFs, metals, energies, and other commodities, offering tight spreads that start from 0 pips, good execution speeds, and up to 1:1000 leverage. The broker provides a range of flexible trading platforms, including the MetaTrader platforms, cTrader platform, and their proprietary R Trader platform, as well as a range of trading tools, educational resources, and 24/7 customer support to their over 800,000 clients in 169 countries.
RoboForex Review Introduction
In this RoboForex review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
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RoboForex Platforms & Tools
RoboForex provides their clients with a flexible range of trading platforms, including the widely used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, cTrader platform, and their own in-house R Trader platforms. All the trading platforms are available as a web trading terminal, desktop applications for Windows and Mac computers, and mobile trading apps for Android and iOS devices.
In addition to the built-in tools that come with the trading platforms, the broker provides other useful trading tools, such as the CopyFX for copying other traders’ transactions and RAMM for investing in account managers. There are other tools like the RoboForex Analytic Center, R Trader Strategy Builder, Trading Calculator, Economic Calendar, and VPS.
RoboForex Research & Education
The broker offers a good selection of educational materials, including market analysis & forecasts, tutorial videos, RoboForex Blog, FAQs, and trading tips. The tutorial videos cover a lot of topics that beginner traders will find useful, while the blog section covers topics like analysis, markets, and more.
RoboForex Trading Accounts
RoboForex offers a selection of flexible account types, as well as swap-free Islam-friendly accounts on request. Here are the main account types:
- Pro-Standard Account: a minimum deposit of $10, variable spread from 1.3 pips and no commission
- ECN-Pro Account: a $10 minimum deposit, floating spreads from 0 pips, and a $20 commission per 1 million in traded volume
- Prime Account: a $5,000 minimum deposit, floating spreads from 0 pips and $15 commission per 1 million in traded volume
- Pro-Cent Account: maintained in cents, requires a minimum deposit of $10, has variable spread from 1.3 pips and no commission
- Affiliate Account: affiliate version of the pro-standard and ECN-pro accounts, with increased spreads and commissions for the affiliate partners
- R Trader Account: offers over 9,400 instruments, requires a $100 minimum deposit, has floating spreads that start from 0.1 pips and a minimum $1.5 commission fee
RoboForex Account Funding
RoboForex accepts several payment channels for account funding and withdrawals, including bank transfer, credit card, and online payment processors, such as Neteller and Skrill. Bank transfers may take a few days to clear.
RoboForex Customer Service
The broker offer 24/7 customer support service in 11 languages and they can be reached via online chat, phone, email, and a call back form.
RoboForex Ltd is a member of the RoboMarkets/RoboForex Group, an international broker based in Belize. The broker is regulated by the International Financial Services Commission (IFSC), under the license number IFSC/60/271/TS. IFSC is the authorized government agency in Belize that supervises the activities of financial firms in the country and makes sure that they keep to international anti-money-laundering (AML) policies. The broker is also a member of the Financial Commission, an independent organization that settles broker-client disputes.
RoboForex Review Summary
RoboForex is an online broker that offers forex and CFD trading multiple asset classes via a range of flexible trading platforms, including their proprietary R Trader platforms. They provide a wide range of trading tools.
It is worth mentioning that some of the trading products and services in this RoboForex review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the RoboForex broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage 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.