RoboForex reviews

RoboForex Review 2019

RoboForex is a multi-asset online broker offering powerful trading assistants.

Bonus$ 30 welcome bonus on deposit
InstrumentsForex, CFDs, indexes, shares, commodities, cryptocurrencies, cryptoindexes, ETF
Demo AccountYes
Minimum deposit10 USD
Payment methodsAlipay, Bitcoin Payments, Cashu, FasaPay, Giropay, iDeal, MoneyGram, Neteller, Perfect Money, POLi, QIWI, Rapid Transfer, SafeCharge, Skrill, Sofort, Trustly, Visa, Webmoney, Bank Transfer, Yandex Money
Minimum deal0.01 lot
Integration with MT4Yes
Integration with MT5Yes
Mobile applicationsYes
Auto TradeYes
Social tradingYes
Copy tradeNo
Trading signalsYes
Islamic accountYes
CFDsTrade CFDs with up to 1: 2000 leverage.
FTSE SpreadNo Information
GBPUSD spread2
Oil spread5.2
Share spreadFrom 0.1
ForexTrade currencies with high leverage.
GBPUSD spread2
EURUSD Spread1.4
EURGBP spread1.6
CryptocurrencyTrade cryptocurrencies against the US dollar and euro.

The company, founded in 2009, is headquartered in Belize and is regulated by IFSC. The broker allows you to trade more than 10,000 assets.

Over the entire history of RoboForex’s existence, users have opened about three million accounts.

The company has several trading platforms: RoboForex MT4, RoboForex MT5, RoboForex cTrader, RoboForex R Trader.

Clients can trade over 40 currency pairs, over 12,000 global shares, over 10 indexes, 100 commodities, 26 cryptocurrencies and crypto indexes.

The price depends on the account you choose, but the spreads are quite competitive compared to brokers like FBS and FXTM. Commissions for Pro-Cent and Pro-Standard accounts are included in spreads, which average about 1.4 points for EURUSD, 1.75 points for US indexes and about 22 points for XAUUSD (Gold).

You will see tighter spreads on Prime and ECN accounts, with zero spreads available for some asset classes.

The maximum available RoboForex leverage is 1 in 2000.

The company offers more than 10 deposit methods, all deposit methods are commission-free and the minimum deposit is from $ 10.

More than 10 withdrawal methods are available, it is 1 day. Withdrawal fees range from 0.5% to 3%.

RoboForex offers three demo accounts to choose from, suitable for all platforms: Demo Pro, Demo and Demo R Trader.

New clients with Pro-Cent and Pro-Standard accounts receive a $ 30 bonus. Clients of Cent and Standard accounts receive a bonus of 60% on profits, as well as up to 120% on deposits.

The broker also offers other promotions, including up to 10% bonus credit on account balance, cashback discounts based on trading volume, daily competition opportunities with ContestFX, and a free VPS server. Full conditions for withdrawing bonuses can be found on the broker’s website.

RoboForex offers 5 types of real accounts: Prime, ECN, and R Trader, Pro-Cent and Pro-Standard. The minimum deposit is $ 10 per Euro for all accounts except the R Trader account, which requires a $ 100 deposit. These are very low minimum deposits compared to others like HotForex, Tickmill and Exness.

ECN and Prime accounts are ideal for professional traders looking for spreads from zero pips, while the R Trader account supports multi-asset stock trading. Pro-Cent and Pro-Standard accounts are designed for beginners and casual traders.

This review showed that the main differences between accounts are minimum margin requirements, leverage limits, margin call / stop-out levels, and access to bonuses. All bonuses are available for Pro accounts, while bonuses are not available for R Trader account.

Swap-free Islamic accounts are also available, as well as investment solutions using CopyFX and RAMM platforms, supporting investments in both short-term and long-term trading strategies, respectively.

RoboForex offers multilingual support in over 12 languages, help is available 24 hours a day, 7 days a week. The customer support team can help with most inquiries, from how to delete an account and user verification, to clarifications on ECN fees per lot and how to reset an investor password.

Head office address: 2118 Guava Street, Belama Phase 1, Belize City, Belize.

All RoboForex platforms use SSL encrypted security systems as well as two-factor authentication protocols. Withdrawals and transfers can also be protected with an SMS confirmation code for each transaction. For its bonus programs, the broker also has anti-fraud systems to protect against repeated funds transfers.

RoboForex is a company with a large assortment, regulated and with a negative balance protection.

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