RoboForex Review

RoboForex Logo

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 Trading Instruments

RoboForex offers a wide range of investment opportunities. You can trade Forex, Stocks, Indices, ETFs, Commodities, Metals, and Cryptocurrencies.

RoboForex Platforms

RoboForex provides its 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.

MetaTrader 4

The classic MetaTrader 4 terminal is still the undisputed leader among retail traders. It includes all the features and tools required for beginners and expert financial market traders. Furthermore, the terminal provides integrated features and possibilities only on MQL systems.

The portable MetaTrader 4 application will enable you to trade from anywhere in the globe. This mobile terminal, designed exclusively for iOS/Android-based smartphones and tablets, provides traders with a similar interface with minor changes and the same set of tools and capabilities as the desktop terminal.

RoboForex MT4 Platforms
RoboForex MT4 Platforms

You may also utilize a web version of the MetaTrader 4 platform, compatible with all browsers. The MT4 web terminal has the same functionality and speed as the desktop version, and it is still accessible in all languages that RoboForex websites support. Manage your positions from anywhere in the globe, at any time.

If you want to buy a new trading robot, Expert Advisor, or indicator, go to MetaTrader Market on the MetaTrader 4 terminal and choose from hundreds of goods. All applications have free demo versions available in the market, allowing you to try them before purchasing them. Furthermore, some users enable their items to be downloaded and used for free.

MetaTrader 4 offers:

  • 3 types of order execution.
  • 50 ready-to-use indicators for technical analysis.
  • Basic tools for graphic analysis.
  • Opportunity to program your own trading robot.
  • Enter the market and close positions with just one click

MetaTrader 5

MetaTrader 5 (MT5) is a trading terminal that combines improved order execution and technology to enable the most ambitious trading plans to be realised. MetaTrader 5 is a cutting-edge platform for creating and testing trading robots and strategies. If you value speed and dependability while working with trading robots and want to use cutting-edge new technology, the MetaTrader 5 platform is ideal.

MetaTrader 5 may be accessed globally by utilizing any portable device running the iOS or Android operating systems. The program supports both netting and hedging systems. It contains all the features required for work, such as Market Depth, all forms of trading operations, 30 technical indicators, 24 analytical items, and more. You will constantly be aware of the market position, will be able to conduct trading activities, and will be able to trace the history. Download the portable version of MetaTrader 5 to your mobile device and trade from any convenient location – the terminal will always be with you.

RoboForex MT5 Platform
RoboForex MT5 Platform

You may trade on any device straight from a browser using MetaTrader 5 web terminal from MetaQuotes. The web terminal offers all the features and choices found in the desktop version, so you can always keep track of your positions and make rapid trading decisions based on the current market condition. To utilize the web version of the MetaTrader 5 terminal, all you need is an internet connection, a browser, and your RoboForex trading account password.

MetaTrader Market is a one-of-a-kind marketplace for purchasing high-security trading robots, indicators, and other applications. After payment, the robot/indicator may be utilized. You may try the application before purchasing it since each Market product comes with a free demo version. In addition, there is a large number of free software available.

MetaTrader 5 offers:

  • 4 types of order execution
  • Multi-currency tester
  • Market depth
  • 6 types of pending orders
  • More than 1,500 expert advisors and technical indicators.
  • Netting and Hedging Systems, Market Depth, and Segregation of Orders

cTrader Platform

cTrader is a platform for experienced traders that seek fast order execution and unusual instruments to perform their trading strategies. You can put your most ambitious ideas and strategies into action with cTrader. cTrader Automate allows you to write your trading robots and indicators in C#. 9 different kinds of interactive charts with the ability to adjust placements and arrange your workspace as you see appropriate. Aside from that, you may create and store an endless number of lists with the instruments of your choice.

RoboForex cTrader Platform
RoboForex cTrader Platform

cTrader offers:

  • Rare types of orders
  • Level II Pricing
  • 54 technical indicators
  • 14 timeframes
  • Mobile operating system interface
  • Available in 22 languages
  • Convenient chart management
  • Notification in the application
  • All functions of the desktop platform
  • Supported by any browser
  • Optimal solution for macOS users
  • Access to individual settings using cTrader ID

R Stocks Trader

R StocksTrader, a multi-asset terminal, blends cutting-edge technologies with a classic design elevated to a whole new level. There is no need for additional software or upgrades. Having access to the global financial markets using a web terminal in a familiar web browser is enough.

RoboForex R StocksTrader Platform
RoboForex R StocksTrader Platform
  • Convenient and easy-to-use
  • Initial deposit is 100 USD
  • Stocks leverage is up to 1:20
  • “Advanced” watchlists
  • More than 12,000 instruments
  • The track splits, merges, get dividend payments, etc
  • A free and very useful tool for automated trading

RoboForex Investing Tools

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’ portfolios 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.

CopyFX

RoboForex CopyFx is a passive investing option that includes linking an investor’s account to the account of a professional trader and then duplicating his trades. In this instance, all trades made by the trader are automatically deposited into the investor’s account. In the event of a successful trade, a certain trader’s commission is removed from the investor’s profit. The whole service is automated, reducing your effort to virtually 0%.

The minimum deposit is a mere $100, so everyone may try their luck. After starting to work, the investor has access to expert traders’ ratings, which reflect the account’s lifespan, profitability, maximum drawdown level, and other facts. The investor might also contact the trader directly.

RoboForex CopyFX
RoboForex CopyFX

An investor may connect to an endless number of traders as long as his deposit is large enough to resist such a load. Because of this risk diversification, traders’ trades may be used to build a full-fledged investment portfolio.

If an investor does not like anything about a trader’s trading practices, he may disconnect at any moment. It is a significant instrument for safeguarding a deposit from RoboForex, which all brokerage firms do not provide.

It should be emphasized that anybody may function as both an investor and a trader simultaneously. In the client’s account, all data on the efficacy of copying trading are presented. Simply signup and begin trading to become a trader and attract investors. Your account will begin to show among the ratings automatically, and the bigger the yield, the higher it will be positioned.

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 Market Analysis
RoboForex Market Analysis

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 transfers, credit cards, 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 callback form.

RoboForex Regulation

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 FAQ

What is the RoboForex minimum deposit?

The minimum deposit requirement of RoboForex is $10.

Where is RoboForex based?

RoboForex is based in Belize.

When was RoboForex founded?

RoboForex was founded in 2009.

What are the RoboForex platforms?

RoboForex offers MetaTrader 4, MetaTrader 5, cTrader, and R StocksTrader as the platform.

What trading instruments does RoboForex have?

RoboForex offers Forex, Stocks, Indices, ETFs, Commodities, Metals, and Cryptocurrencies.

What are the RoboForex deposit and withdrawal options?

RoboForex offers Wire Transfer, Debit/Credit cards, and e-wallet transfers to deposit and withdraw the account.

What is the RoboForex leverage?

RoboForex offers leverage up to 1:1000.

What is the RoboForex commission fee?

RoboForex charges $5 per standard lot per side on the Pro account.

What are the RoboForex spreads?

RoboForex charge 0.6 pips.

Does RoboForex offer demo accounts?

Yes, RoboForex offers a demo account.

Does RoboForex offer Islamic accounts?

Yes, RoboForex offers Islamic accounts.

Does RoboForex allow scalping, hedging, news trading, and automated trading?

Yes, RoboForex allows scalping, hedging, news trading, and automated trading.

Does RoboForex charge an inactivity fee?

RoboForex does not charge an inactivity fee.

Is RoboForex regulated?

RoboForex is regulated by IFSC.

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.

 

RoboForex

8.3

Spreads

8.5/10

Liquidity

8.5/10

Commissions

8.5/10

Support

8.0/10

Regulation

8.0/10

Features

  • Very competitive trading conditions
  • Great choice of trading platforms and apps
  • Educational resources and trading tools
  • Copytrading and account management tools
  • Tight spreads & low trading fees
  • Various accounts and funding options
  • Rapid trade execution speeds
  • Regulated forex broker
  • Free demo accounts
  • Dedicated client support