RoboForex (https://www.roboforex.com/clients/promotions/welcome-program/?utm_source=domain&utm_medium=affbanerimg&utm_content=size728_90&utm_campaign=affwelcome&a=nkh) is the sister company of better-known Forex broker RoboMarkets. While the latter is regulated by CySEC to serve the EU, RoboForex is based and regulated in Belize. This gives this arm of the company some flexibility in terms of its offering. As you will discover throughout this review, the broker certainly puts that flexibility to good use.
RoboForex offers a huge leverage potential that spans up to 1:2000 as well as a wide selection of bonuses that traders can choose from. So who is this broker suitable for? Our RoboForex broker review experts have discovered that this firm is best suited to beginners who can use the Micro account to practice trading and as well as more advanced traders, who can access the ECN account for just $5000, with low spreads and decent commissions.
Are there downsides to teaming up with this broker? Read on to find out.
A wide selection of trading platforms incl. MT4/MT5, R Trader and cTrader Access to both ECN trading and the standard market maker model 11,000 + assets - FX, Stocks, Indices, Equities, Commodities and ETFs Opening a demo account is instant - practice on all platforms.
Trading commissions are not the most competitive Basic educational resources, not suitable for intermediates.
RoboForex was founded in 2009 in Belize, although it is the arm of a much larger brokerage firm called RoboMarkets, which was established in 2005. RoboForex has won over 10 awards from a variety of different publishing houses. However, arguably the most impressive facet of this broker is its incredible array of trading technology, some of which was built in house, namely R Trader.
RoboForex (https://www.roboforex.com/clients/promotions/welcome-program/?utm_source=domain&utm_medium=affbanerimg&utm_content=size728_90&utm_campaign=affwelcome&a=nkh) is an offshore broker, but don't let that dissuade you, as this broker is reliable and has relatively few complaints made against it. In terms of security, in this RoboForex Broker Review 2020, we were pleased to discover that the broker does offer negative balance protection, which is a key feature with regards to Forex trading. It means that traders will never reach a negative balance, as RoboForex will automatically set the balance to zero before that happens.
RoboForex regulation and licensing.
RoboForex, along with a handful of other brokers have opted to become regulated by the IFSC in Belize . This regulator is not known to be the strictest of the regulatory authorities, but if one of its member brokers does not comply with its requirements it will quickly lose its membership. For brokers, IFSC membership is much more appealing than with other regulatory authorities, such as the FCA in the UK, as capital requirements here are much lower.
The IFSC does set out a list of requirements from its member brokers, which include;
Minimum capital requirements of just $500,000, Segregation of clients' funds from broker funds, Conducting due diligence for AML and KYC protocol, Issuing monthly balance statements to traders, Having a client complaints procedure in place.
RoboForex, online Forex broker, under license no. IFSC/60/271/TS, may not actively court clients from the EU. Furthermore, they cannot deal with anyone from Australia, Japan, the US or Canada.
To open an account with an IFSC regulated broker like RoboForex (https://www.roboforex.com/clients/promotions/welcome-program/?utm_source=domain&utm_medium=affbanerimg&utm_content=size728_90&utm_campaign=affwelcome&a=nkh), traders must first verify their identity by uploading their identity document, as well as uploading a proof of address. As soon as the broker approves these documents, clients may deposit and start trading straight away.
It is worth noting that traders are also entitled to a member compensation fund, which is a service included with Financial Commission membership that protects up to €20,000 per case, should the broker fail to comply with the IFSC judgment.
To cover the spectrum of trader types, RoboForex online broker offers a selection of 5 different account types excluding the demo account. These are:
This account uses cents rather than dollars and is excellent for beginner traders to practice trading with limited capital. It is also a great way for more advanced traders to test out their trading strategies in a real-life scenario, without committing large sums. Traders can use the MT4/MT5 and the R Trader platforms with this account type. The minimum deposit starts at just $10 and spread starts at 1.3 pips floating. The maximum leverage with this account type is a mind-boggling 1:2000, although beginners are recommended to avoid such high leverage. While it does increase the reward, it also raises the risk greatly.
This account is suitable for both beginners and intermediates and is RoboForex's most popular account type. Traders can access all platforms, take advantage of all bonuses and access 36 currency pairs plus metals, CFDs on US stocks, CFDs on indices, CFDs on oil, and cryptocurrencies. The minimum deposit starts at just $10 and spread here also starts at 1.3 pips floating. The maximum leverage with this account is also 1:2000.
The next two account types are for Direct Market Access with an ECN account. This account is more suited for professional traders who trade in volume and expect better trading conditions. ECN traders can use any of the platforms and access 36 currency pairs plus metals, CFDs on US stocks, CFDs on indices, CFDs on oil and cryptocurrencies. The minimum deposit here also starts at just $10 and spreads start from 0 pips. Rather than wider spreads, traders will pay commissions. Traders cannot access the bonus offers here and the maximum leverage available is 1:300.
This account brings the best trading conditions and is marketed towards the more advanced trader. The minimum deposit here is $5000 and traders can only use the MT4 and the R Trader. There are fewer assets to trade and the maximum leverage is 1:100 with spreads starting at 0 pips. No offers or bonuses are available here.
This account type is reserved for those traders who only require the use of the R Trader platform. This account gives them access to over 11,700 assets across indices, cryptocurrencies , real stocks, CFDs on stocks (CH, DE, UK, US), Forex and ETFs. The minimum deposit here is just $100 and maximum leverage is 1:200. No bonus offers are available with this account.
Traders can demo trade on any of the platforms that this broker offers. Opening an account takes less than 60 seconds.
RoboForex trading costs.
When looking at spreads it is customary to look at the EUR/USD as the typical benchmark with which to compare brokers. In this RoboForex (https://www.roboforex.com/clients/promotions/welcome-program/?utm_source=domain&utm_medium=affbanerimg&utm_content=size728_90&utm_campaign=affwelcome&a=nkh) Forex broker review, we discovered that the broker charges 1.4 pips on the standard account of which the broker receives 1.3 pips. As you can probably tell, RoboForex is very transparent in showing traders how much revenue it makes from each trade. It is also important to note that pips are floating and as such can be moved by market volatility.
Professional traders often prefer to trade with fixed spreads, so they will know their liability upfront. Remember to check out the spread of the asset you want to trade directly on the platform before trading, so you can know how many pips profit you need to bring to cover your costs.
1.4 pips for Belize based brokers seems to be quite standard and while not the most competitive, is certainly reasonable. If you are trading with the ECN accounts, the business model changes though. Rather than paying a higher spread, you will pay a lower spread along with a commission of around $15 for the trading volume of 1 million dollars. This too is slightly higher than the competition, although is not out of the realms of fairness. For index trading, the broker charges around 0.5 pips for the benchmark DAX30 and minimum commission of just $4/mio.
Other fees and charges.
RoboForex charges no commission on deposits. It will compensate traders for up to two withdrawals a month.
RoboForex payment methods.
Our RoboForex review 2020 experts have discovered that there are 20 + payment methods accepted. These are broken down into bank payments and electronic payments. As is common with online brokers, you must withdraw to the same method in which you initially deposited into your RoboForex trading account. Electronic payments can be made by Neteller , Skrill , Webmoney and many more. As mentioned above deposits are all free and you can have up to 2 withdrawals free a month. That means you can choose the payment method that is more convenient for you, rather than choosing the method that is the cheapest.
Once you have deposited funds into your chosen account, RoboForex will then move it to a segregated client account as stipulated in the IFSC rules. In terms of withdrawals of funds, RoboForex conducts these within a few minutes of receiving the request. Electronic payments will process straight away and appear in your eWallet almost immediately. Banking processing times will depend on your bank and can take up to 5 days.
RoboForex trading bonuses.
RoboForex online Forex broker offers a wide array of bonus offers , which cover the gamut from welcome bonuses, loyalty bonuses, and cash-back rebate offers for trading.
The Profit Share Bonus brings you up to 50% additional funding into your trading account from your first deposit onwards. You will be able to withdraw profits from your account at any time, although profits that come as a result of the bonus money must first comply with minimum trading volume conditions.
The Welcome Bonus is a no-deposit bonus where you can receive $30 just for opening and verifying your account. The profits are not subject to limitations and can be withdrawn at any time.
The Classic Bonus gives you up to 115% bonus into your account for your first deposit and any subsequent deposits. As is usual with this type of bonus, you must comply with minimum trading requirements to withdraw the funds.
You can also get 10% interest on the money in your deposit account, which is a great motivator for depositing funds into your account. To ensure there is no breach of the terms and conditions you will need to meet a certain amount of trading volume with your account.
RoboForex trading platforms.
RoboForex online Forex broker offers a variety of different platforms that span the ever-popular MT4 and MT5, the proprietary web-based R Trader and STP access through the cTrader.
The most popular platform for Forex traders is the MT4, which we have seen many times before, outside of this RoboForex broker review. The platform contains 50 charting indicators for technical analysis, 3 types of order execution, and gives you the chance to auto-trade by uploading your own or pre-build Expert Advisors to the terminal. This is perhaps the feature that makes this platform so popular. RoboForex has made this platform available for download or accessible on pc and mobile devices.
4 order types 4 pending order types 50 technical indicators Customizable timeframes.
The younger sister, the MT5 is the more evolved version of the MetaTrader, which comes with heightened functionality. With this platform, you can access 4 order types, check out market depth for each asset, and use 6 pending orders for risk management. With MetaTrader 5 you may also trade cryptocurrencies and trade on-the-go with the mobile app and the web version.
4 order types 6 pending order types There are 38 technical indicators and 44 graphic objects 21 timeframes.
This platform is suitable for the more professional trader that likes to trade more unusual assets. The platform can be accessed either through a web browser or through a download version and there are also mobile apps to install too.
With cTrader, you can build trading robots for automated trading. The user interface is entirely customizable and you can access:
Rare types of orders Level II Pricing 54 technical indicators 14 timeframes.
The R Trader is the RoboForex in-house platform that is accessible through your web browser. You never need to download software or updates. You can build robots with this platform and get access to trade over 11,700 instruments. Plus, you can receive dividend payouts for any underlying assets you purchase. If you like hedging then this is the platform for you.
During this Roboforex broker review, we discovered that all the trading platforms come with a web version, meaning they can all be used on mobile or through your tablet. They all (except for R Trader) come with a purpose-built mobile app that can be downloaded through either the Apple App Store or through Google Play.
Mobile apps are generally a stripped-down version of the main terminal, but the features are very similar and user experience is satisfactory.
Education and training.
The educational materials here are sparse, apart from the tutorials, which are created to encourage trading. The level of the educational materials is aimed at the beginner. In addition to some basic guidance articles, there is a nice trading video library that you may access once you register with this broker. Additionally, there is an in-depth FAQ section which aims to answer most of the questions traders will have. It is certainly the first port of call for queries.
RoboForex customer support.
When contacted by live Chat, the member of staff at RoboForex online broker was courteous and prompt and responded to our query straight away. The level of service of Live Chat goes a long way to demonstrating the overall culture in a company. If the staff member is well trained and efficient, it indicates that the broker is potentially well-oiled. If an email is responded to quickly, it can often follow that withdrawal requests are made promptly. So it is worth testing out the customer service department of any broker before working with them.
To get in touch with RoboForex, you can phone the company directly or email them.
RoboForex - Our verdict.
In this RoboForex review, it is fair to conclude that this broker is reliable and professional. While opening an account with RoboForex, you will be offered a selection of cutting-edge trading technology, which includes copy trading software and market analysis too. You will be able to choose from a variety of transparent bonus offerings and will be offered access to a decent amount of assets with competitive trading conditions.
It is worth trying this broker out and in fact, you can do so for free with the demo trading account or with a small minimum deposit of just $10. Sign up now.
RoboMarkets (RoboForex) Review.
RoboMarkets (Ex RoboForex), a part of RFG Holdings, offers multiple trading platforms and research tools and a wide range of CFD markets.
Please Note: RoboMarkets was not included in the 2020 annual review. As a result, this broker's ratings may be outdated. Read our Best Forex Brokers 2020 guide for a look at the top rated forex and CFDs brokers.
Founded in 2009, RoboForex Group (RFG) Holding is the owner of two related brands, RoboMarkets Ltd - regulated in Cyprus (formerly known as RoboForex) and RoboForex Ltd - regulated in Belize. In early 2013, the broker obtained regulatory status in Cyprus under its RoboForex (CY) Ltd entity as a Cypriot Investment Firm, and is passported throughout other European Union (EU) member states.
Primarily a MetaTrader broker offering the suite of platforms developed by MetaQuotes Software Corporation, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), the firm offers cTrader - developed by SpotWare Systems, and the Umstel web platform branded as RTrader.
Is RoboMarkets Safe?
RoboMarkets is considered high-risk, with an overall Trust Score of 61 out of 99. RoboMarkets is not publicly traded and does not operate a bank. RoboMarkets is authorised by zero tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). Learn more about Trust Score.
Feature RoboMarkets (RoboForex) Year Founded 2009 Publicly Traded (Listed) No Bank No Tier-1 Licenses 0 Tier-2 Licenses 1 Tier-3 Licenses 0 Trust Score 61.
Offering of Investments.
The following table summarizes the different investment products available to RoboMarkets clients.
Feature RoboMarkets (RoboForex) Forex: Spot Trading Yes Currency Pairs (Total Forex pairs) 38 CFDs - Total Offered 8700 Social Trading / Copy-Trading Yes Cryptocurrency traded as actual No Cryptocurrency traded as CFD Yes.
Commissions & Fees.
RoboMarkets commissions and fees vary depending on the type of account opened (the Pro Standard, Prime, ECN-Pro, and Pro-Cent accounts).
The Prime account requires a $5,000 USD deposit, and offers an average 0.3 pip spreads on the EUR/USD, and a commission of $2 per standard lot ($4 round turn), bringing the all-in cost to roughly 0.7 pips. The Pro-Standard account has no commission but higher costs on the EUR/USD, with an average spread at 1.6 pips. It doesn't require a minimum deposit.
The Pro-Cent has similar features as the Pro-Standard, except the micro contract size (1,000 units) allows for "cent" pip values when trading. The broker also offers a VIP account for active traders who qualify as professional clients in the EU, where rebates are given based on the amount of volume traded.
Feature RoboMarkets (RoboForex) Minimum Initial Deposit $100 Average Spread EUR/USD - Standard 1.4 (as of May 19) All-in Cost EUR/USD - Active 0.7 (as of May 19) Active Trader or VIP Discounts Yes.
RoboMarkets provides research from Claws & Horns, an independent research firm that offers various forms of analytics content, including trading signals.
The R Trader platform also allows traders to create automated trading strategies without the need to know complex coding, in addition to what is available on the MetaTrader and cTrader platforms. RoboForex also provides two solutions, CopyFx and RAMM, for social copy trading.
The broker also offers a blog-style daily analysis and market commentary, helping to round out its research offering.
Feature RoboMarkets (RoboForex) Daily Market Commentary Yes Forex News (Top-Tier Sources) Yes Weekly Webinars No AutoChartist No Trading Central (Recognia) No Delkos Research No Social Sentiment - Currency Pairs No Economic Calendar Yes.
Platforms & Tools.
RoboMarkets is primarily a MetaTrader broker offering the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms developed by MetaQuotes Software Corporation. To learn more about MT4, read our MetaTrader guide. Through its RoboForex brand (outside of the EU), the broker offers the cTrader platform developed by Spotware Systems. To learn more about this platform, read our cTrader guide.
While MT4 comes standard, with little variation in functionality from broker to broker, there can be significant differences in how the platform is set up for trading spreads and commissions, execution, and other tools, features, and administrative areas.
Besides spreads, the range of instruments, and account types, RoboMarkets offers news headlines from Dow Jones, FxWirePro, and Claw & Horns.
The Umstel platform is branded as R Trader at RoboMarkets (and at RoboForex) and comes as a web-based app that provides a simple user interface for creating trading strategies, in addition to basic charting and trading operations.
The Strategies Builder comes with a library of default strategies that can be customized, allowing for user-friendly automated trading strategies, such as specifying price conditions related to the state of candle or indicator, and creates an order when triggered.
The charts are easy to use in R Trader, and support multiple timeframes, four chart types, 31 indicators, and seven drawing tools. Instruments can also be overlaid, and drawing basic trend lines is generally easy.
The watch list and trade ticket window are well designed, as it was very easy to switch between order entry windows - including trading from the order book, and adding instruments to a favorites list.
The R Trader platform is ideal for intermediate traders looking to make a foray into algorithmic trading but who are not ready to learn how to write the code platforms such as MetaTrader and cTrader require. On the other hand, the R Trader platform is unlikely to support more advanced trading systems that usually require complex adaptations to changing market conditions, yet RoboMarkets offers both options to suit its trader's needs.
Feature RoboMarkets (RoboForex) Virtual Trading (Demo) Yes Proprietary Platform No Desktop Platform (Windows) Yes Web Platform Yes Social Trading / Copy-Trading Yes MetaTrader 4 (MT4) Yes MetaTrader 5 (MT5) Yes cTrader No Charting - Indicators / Studies (Total) 51 Charting - Drawing Tools (Total) 31 Charting - Trade From Chart Yes Watchlists - Total Fields 7 Order Type - Trailing Stop No.
RoboMarkets offers iOS and Android mobile trading applications for its MetaTrader platforms, available directly from the developers on the iTunes Store and Google Play. To learn more about MT4, read our guide to MetaTrader. For traders outside the EU, the broker offers the cTrader mobile app from its RoboForex brand. To learn more about cTrader mobile, read our cTrader guide.
Feature RoboMarkets (RoboForex) Android App Yes Apple iOS App Yes Trading - Forex Yes Trading - CFDs Yes Alerts - Basic Fields Yes Watch List Yes Watch List Syncing No Charting - Indicators / Studies 30 Charting - Draw Trend Lines Yes Charting - Trend Lines Moveable No Charting - Multiple Time Frames Yes Charting - Drawings Autosave Yes Forex Calendar No.
RoboMarkets offers a rich back office experience, with advanced features that include robust security measures such as two-step authentication and SMS verification, and access to the research portal.
The brands under RFG Holdings offer traders numerous choices when it comes to automated trading and social copy trading, along with a good array of research tools and account options to select.
RoboMarkets serves EU clients with MetaTrader platforms, whereas RoboForex caters to non-EU clients, and offers the cTrader platform from its Belize-regulated entity.
Adding additional regulatory licenses from major jurisdictions would help the broker compete with its peers in the multi-asset category, considering the wide range of stock CFDs and range of platforms, including the R Trader platform, available to facilitate the use of automated trading strategies.
Forex Risk Disclaimer.
"There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses." Learn more.
This broker will let you make a money for a while then will wipe up your account in different ways. I will list some of their their ways below:
1. Re-quoting: They don't do that a lot but they seem wait for the right opportunity to do it when they do it, will make you loss a massive amount within seconds. This problem occurred on both live and demo account. Check their price of GBPUSD on 27 Apr 2011 the lowest price that day with most brokers was 1.61530 but their lowest price was 1.61243 and if you look at their H1 chart on 27 Apr 2012 at 0:00 GMT +2 you will see the re-quoting very clear. The moment the market started the other day they did their re-quoting. The most Interesting thing is that they have the same lowest price on what they call it ECN account.
2. Take Profit & Stop Loss: Many times RoboForex server will pass your target profit or stop loss many pips wihtout closing the order. It happened with me on 26 Apr 2012 at 15:54 opened GBPUSD sell position at 1.61841 and with take profit at 1.61500, on 27 Apr 2012 at 0:00 they re-qouted the price and rechead 1.61243 and my position didn't close with target take profit. However I contacted them and they said there's no problem with our server and you're already agreed with risk disclosure when you opened you're account. Even with proofs I provided them they didn't solve the problem. Same problem happened with me last week beside the server was disconnected but unfortunately I didn't take screen shot that time but I have the log sent to them and it was the same answer. Last week made me lose $20,000. This problem occurred only on live account.
3. Server Disconnection: That's their main key to make you loss money. The server gets disconnected during important trading times, especially around the news or if you have big trades or lots open. This problem occurred only on live account.
4. Execution: Slow, average 10 sec but during high volatility or news release it's about 30 sec or even more So if you try to open an order with market execution once click buy or sell the server will take a nap until execute this order so you won't get the same price you tried to execute. This problem occurred only on live account.
*How this broker will attract you? The answer with their very low spread and fast withdrawal.
*Be careful and never thing to invest a penny with this broker.
*See attached photo and you will understand my mentioned about re-quoting, take profit & stop loss.
Leverage: 1:30 | 1:1000.
Regulation: CySEC, IFSC.
Min. Deposit: 10 US$
Platforms: MT4, MT5, cTrader, RTrader.
Found in: 2009.
RoboMarkets Ltd - authorized by CySEC (Cyprus) registration no. 191/13 RoboForex Ltd - authorized by IFSC (Belize) registration no. IFSC/60/271/TS/17.
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While reviewing thousands of brokers and trading offerings, it is a paramount priority to choose the brokerage firm that suits trading needs and propose the best applicable solutions with your trading style. For this reason, we assist in choices by reviewing brokers with detailed information and supporting selection among offering, and here is RoboForex Review among others.
What is RoboForex?
RoboForex Group recognized by the most respected experts of the Financial Market , while operating since 2009 through 2 world presented entities RoboForex with service around the world and RoboMarkets Ltd located in Cyprus that support countries if the EU and the EEA.
The market range includes the world's key markets alike Forex, Stocks, Indices, ETFs, Soft Commodities, Energies, Metals and over 6 Cryptocurrencies with a possibility to trade through leverage. What is also fantastic, is great RoboForex trading costs that are based on institutional tight spreads from 0 pips and available through fast order execution developed by the technology, 6 account currencies along with micro accounts, as well as numerous investment programs.
Furthermore, apart from the numerous developed technologies, which offer solutions through trading, RoboForex performs a ContestFX - a contest project of a new type . Contests on demo accounts are held weekly and monthly while prizes are deposited to real trading accounts allowing you to start great trading carer.
The broker serves numerous clients with around 800,000 traders, from 170 countries and brings support in 18 languages, with the focus to develop trading offering by innovative technology solutions and numerous modern tools for trading . The broker's developments and offers were actually recognized by more than 20 industry awards, along with their regular sponsorships and global activities, RoboForex currently serves as an Official Sponsor of "Starikovich-Heskes" team at the Dakar and Official Sponsor of Muay Thai fighter Andrei Kulebin.
Nevertheless, throughout research and even RoboForex looks like an attractive opportunity you should always check the most important information of the broker's proposal. In this purpose this review covers the following highlights:
Is RoboForex safe or a scam?
There are two companies registered by RoboForex Group, which includes the RoboMarkets Ltd a European entity broker regulated by the CySEC, and RoboForex Ltd an international forex brokerage registered by the IFSC, Belize. Even though we do not advise trading with offshore brokers due to their lack of regulatory restrictions, an additional license from the reputable jurisdiction makes things better and allows us to consider RoboForex as a safe broker to trade with.
There are numerous rules which broke implements due to regulatory requirements to deliver protected and fair trading environment. Along with that RoboForex apply negative balance protection , securing your deposits from loses, while all traders funds are kept in major banks in segregated accounts at all times. And the last point is that the company is a participant of The Commission's Compensation Fund that provides insurance coverage for the traders which makes it a reliable choice.
RoboForex Trading Platforms.
As a technology driven broker, RoboForex brought a truly wide range of platforms to choose from , that allows to advance and suite any trading demands and comply it with your style.
The main offering is known for their productivity MT4 and MT5 platforms , and even cTrader, however RoboForex developed also their exclusive platform R Web Trader and R Mobile Trader too. R trader Strategy builder is a free and convenient tool available for traders with a purpose to automate performance, which is a great solution since doesn't require to have any programming skills. Indeed, both offers full control over positions and orders, featuring the same functionality with the fastest in industry charts and advanced analysis tools.
MT4 as the most popular platform, which includes advanced chart features along with robots and indicators, that allows any trading strategy is one of the main factors within platform allowing to perform powerful technical analysis. And in case you prefer the latest version of MetaTrader - MT5 is will allow the choice between net and hedge systems through 4 types of executions . In addition, MT5 features comprehensive analysis tools, market depth as well multi-currency tester all also featured with data from most professional sources like FxWirePro and Claws&Horns companies .
Moreover, the broker built customized tools and solution for investments, thus you may choose either the Copy Trading or to get the solution for market professionals . CopyFX platform is a perfect choice for an easy yet reliable invest with the choice among over 1,000 traders and RoboForex RAMM platform allows profiting not only from Copy trading but from improved risk management systems with optimization tools.
RoboForex Costs and Accounts.
RoboForex designed 6 account types in order to suit the different needs and requirement of their clients, also you may can use a national currency as the base one, which includes USD, EUR, RUB, CNY, GOLD, BTC to simplify your funding. The range includes Cent Account as a great option to start or test robots or those ones that feature floating spread or maybe to use tight spreads from 0 pips with an additional commission. It is a fact the beginning either sophisticated professional will find correct conditions to apply, along with Islamic traders who are able to apply for swap-free account.
RoboForex spreads as mentioned earlier designed at the levels of account you use, while as much higher the account size the better spread offering is included. Also, always consider rollover or overnight fee as a cost, which is about -0.6 for short positions on Eur/Usd and -0.052 on long ones held longer than a day. As well you may compare fees to another popular broker BD Swiss.
Asset/ Pair RoboForex Standard EUR/USD 1.4 Crude Oil WTI 5.7 Gold 22.3 Bitcoin 285.9.
So if you adhere to use high leverage levels with a purpose to maximize your gains, RoboForex definitely will assist you. Leverage may increase your potential gains timely through its possibility to multiple initial accounts, yet make sure to learn how to use leverage correctly, as leverage may increase your potential loses too.
RoboForex leverage levels are also determined by various measures and are set in accordance to regulatory requirements. Thus trading with global RoboForex entity you are able to apply for leverage 1:400, 1:500 or even maximum of 1:2000 by confirming your status. However, in case you are a resident of Europe or trading with Cyprus entity of RoboForex automatically, you will comply to ESMA regulation , which lowered leverage to the maximum ratio of 1:30 on Forex instruments and 1:5 for Cryptocurrencies, etc .
RoboForex Deposits and Withdrawals.
The available payment methods allowing to transfer money with convenience includes over 20 options that include bank transfer, card payment and vast of e-wallets like Skrill, Neteller, POLi, fasapay and more.
At the start you may choose the level of your account while opening, and at a beginning, you may trade for free with Demo account, while further with only 10$ minimum deposit it will convert to a live account of first grade - Pro-standard or Pro-cent.
Furthermore, rewards are not finished, as RoboForex implements 0% commission policy for deposits and many of withdrawals where all expenses are covered. Yet, check carefully since some of the methods apply an additional fee for withdrawal, e.g. Skrill and AdvCash add on 1% processing fee, while Visa withdrawal adds 2.6% +1.3USD.
Conclusion on RoboForex.
RoboForex review demonstrates a well-regulated broker, which offers a wide selection of technological solutions allowing traders of any size or strategy, even at the trading beginning to engage into trading. The platforms along with the variety of assets and accounts bringing various options to trade either through robotic systems or investment, as well as powering trading by the power of developed tools.
Nevertheless, broker very proudly serves a variety of services, along with the quality of overall treatment, which is the same for all, regardless the experience or investment size. RoboForex kindly supports with educational materials, analytical researchers and contests which shows their great assistance in all the process and impacting for deserved trust and rapid growth with a large number of the clients they serve. And of course, we would be glad to know your personal opinion about RoboForex, share your experience or refer to us for some additional information.
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RoboMarkets, a foreign exchange (forex) broker licensed in Cyprus, has just announced that it has become BMW M Motorsport's official partner for the popular German touring car masters Deutsche Tourenwagen Masters (DTM). During the upcoming season of the popular German touring car masters DTM (Deutsche Tourenwagen Masters), the Swedish BMW works driver Joel Eriksson will.
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