RoboForex is a leading forex broker that offers trading in stocks, indices, commodities, ETFs, and cryptocurrencies through multiple trading platforms. Among core features, trading with 0 pips with fast execution is markable. Moreover, this broker offers several promotional features like 15% cashback to attract new users. However, it does not provide services in the US and Japan.
Pros
- Multi regulated broker
- Lots of available trading instruments from forex, stocks, indices, commodities, cryptocurrencies, etc.
- Provides trading opportunity through widely-used MT4, MT5, cTrader R trader, and RoboForex terminal
- Lots of account types with a maximum of 1:2000 leverage
Cons
- Does not provide services in the US and Japan
- Variable trading conditions
RoboForex is a forex and another financial trading broker that the IFSC regulates, license No. 000138/210.
Since the foundation, this broker has tried to provide service with innovative technologies with many years of experience. It provides service to international clients in five account types and more than 10000 instruments. The broker has received the status of more than three million active live accounts since its inception. Moreover, it became the official partner of BMW and made a sponsorship deal with Muay Thai Fighter and world kickboxing champion Andrei Kulebin.
Moreover, RoboForex focused the business on multiple sectors, including CFDs and copy trading, allowing it to have a massive user adoption.
Regulation
We have checked the details of this broker regulation and found it a reputable organization. A regulated broker offers clients services of maximum quality, notably, on the fund’s safety. In addition, regulating authorities ensure that brokers follow some standards that are valuable for traders.
The regulating information of this broker is provided in the below section:
- Regulated by CySEC, license No. 191/13.
- Regulated by the IFSC, license No. 000138/210.
- Registered under UK FCA, reference No. 608962.
During our review, we have found that RoboForex follows all requirements imposed by regulating authorities.
Account Types
RoboForex focused on achieving a maximum number of clients by providing a variety of trading account types.
| Prime account | ECN account | R Trader account | ProCent account | Pro account |
| Trading platforms and terminal — MT4, MT5, cTrader, Robo terminal Trading instruments — 28 currency pairs, Metals, CFD on US stocks, CFD on Indices, CFD on Oil Minimum deposit — 10 USD Spread — floating from 0 pips Commission — yes Maximum leverage — 1:300 % on the account balance — 10% | Trading platforms and terminal — MT4, MT5, cTrader, Robo terminal Trading instruments — 36 currency pairs, metals, CFD on US stocks, CFD on indices, CFD on oil Minimum deposit — 10 USD Spread — floating from 0 pips Commission — yes Maximum leverage — 1:500 % on the account balance — 10% | Trading platforms and terminal — R Trader Trading instruments — 12000+ indices, real stocks, CFD on stocks, FX and ETF, CFDs on oil, CFDs on metals Minimum deposit — 100 USD Spread — floating from 0.01 pips Commission — yes Maximum leverage — 1:300 % on the account balance — 10% | Trading platforms and terminal — MT4, MT5, cTrader, Robo terminal Trading instruments — 36 currency pairs, metals Minimum deposit — 10 USD Spread — floating from 1.3 pips Commission — yes Maximum leverage — 1:2000 % on the account balance — 10% | Trading platforms and terminal — MT4, MT5, cTrader, Robo terminal Trading instruments — 36 currency pairs, metals, CFD on US stocks, CFD on indices, CFD on oil Minimum deposit — 10 USD Spread — floating from 0 pips Commission — yes Maximum leverage — 1:500 % on the account balance — 10% |
Fees and Commissions
Based on our findings, we can consider RoboForex as the cheapest broker as it does not charge deposits and withdrawals. However, you have to pay a commission per trade with a spread in some cases. Brokers spread from 0 pips to 1.3 pips, depending on the account types.
Payment options
The broker has both electronic and bank payment opportunities for traders. Moreover, this broker has many options so that traders from every continent can make a deposit.
Deposit options
To make a deposit, log in to your RoboForex account using the user ID and password. Then move to funds, and click on deposit from the upper section of the page.
Later on, all deposit options will appear, as shown in the image below.
Here we can see the list of payment systems; it may vary from user to user depending on trading location. RoboForex does not charge on deposit, but users may have to incur some payment as per payment processors’ requirements.
Withdrawal method
The deposit and withdrawal method should be the same for making transactions with RoboForex. To initiate a withdrawal, log in to your account using the user ID and password. Then, move to funds, and click on withdraw from the upper section of the page.
Available Markets
RoboForex provides trading opportunities in indices, forex, commodities, ETFs, crypto, and shares. Therefore, if you want to diversify the trading portfolio, this broker would be the best option.
Forex
- More than 40 trading instruments with the opportunity of trading with 0.0 pips spread
- Leverage is a maximum of 1:2000 for all forex pairs
Stock CFDs
- 1 click quotes on stock trading
- Leverage up to 1:20
- More than 12,000 trading instruments
Indices
- The average spread for DE30 Cash on ECN and Prime accounts
- Fast order execution from 0.1 seconds
- Commission for the trading volume of 1 million USD from 4 USD depending on an account type
ETFs
- Spread from 0.0 pips
- Leverage up to 1:20
- More than 1000 ETFs
Commodities
- Start trading with $100 only
- Leverage up to 1:20
Metals
- Order execution in 0.1 second
- The minimum deposit is $100
Trading Platforms
RoboForex tried to catch all traders to introduce most platforms suitable for Mac, PC, mobile, and tab.
RoboForex MT4 platform
MT4 classic terminal is still an unquestionable leader among retail traders. It has all features and tools that are necessary for both beginners and expert traders. In addition, RoboForex allows full function of the MT4 platform so that users can experience their ultimate trading experience.
Other key features are mentioned below:
- 3 types of order execution
- 50 ready-to-use indicators for technical analysis
- Basic tools for graphic analysis
- Support custom indicator and Expert Advisors
- Opportunity to program your own trading robot
RoboForex MT5 platform
MT5 trading terminal combines advanced technologies of order execution and distributed computations for implementing the most ambitious trading ideas. MT5 is more advanced than MT4 for creating and testing trading robots and strategies. This platform is suitable for those who are experienced in this field.
- 4 types of order execution
- Multi-currency tester
- Market depth
- 6 types of pending orders
RoboForex cTrader
cTrader is a platform for experienced traders who prefer order execution speed and unconventional instruments to implement their trading strategies. RoboForex allowed investors to have STP access to the FX through the cTrade platform.
Other functions are mentioned below:
- Rare types of orders
- Level II Pricing
- 54 technical indicators
- 14 timeframes
RoboForex R Trader
It is a multi-asset terminal that combines cutting-edge technologies. It allows traders to get access to all global financial markets via a web terminal.
- Convenient and easy-to-use
- The initial deposit is 100 USD
- Stocks leverage is up to 1:20
- “Advanced” watchlists
Features
RoboForex Analytics
It is accessible from the “for trader” tab that includes forex analysis and forecasts from prominent analysts. This broker provides analysis and education support regularly that provides for:
- Market overview
- Forex fundamental analysis
- Forex Ichimoku cloud analysis and forecast
- Forex Murrey math lines and forecasts
- Forex Wave analysis and forecast
- Forex Technical analysis and forecasts
- Fibonacci retracements analysis
- Japanese candlesticks analysis
CopyFX
It is a copy trading platform exclusively available for RoboForex users. Here traders can see the list of profitable traders and allow them to copy their trades directly to your trading account.
It is a reliable way to make money from forex trading even if you don’t know how to trade. You can see the list of successful traders based on their performance as well.
Customer Support
RoboForex’s website is available in 18 languages. Moreover, detailed contact and support information is provided in the Contacts Tab.
RoboForex supports multilingual customer support in 12 different languages through phones. The list of countries and phone numbers is mentioned on the RoboForex website.
The best part of the RoboForex customer support is their live chat 24/7 on multiple platforms. Instead of integrated live chat, only RoboForex includes WhatsApp, Telegram, Skype, Line, Facebook, Viber, and Live Chat.
Moreover, you can have a contact request through the contact form for any particular case, where traders can input their name, email, and message. The details of their offices are mentioned below.
Review Summary
In summary, we have found RoboForex is a reliable forex broker that allows numerous trading instruments from forex, stocks, ETFs, commodities, indices, cryptos, etc.
Based on the safety of funds, the broker provides negative balance protection and insurance up to 20,000 euros. Therefore, this broker passed all qualities to be considered as a top-tiered broker. Moreover, this broker has only two regulations while other brokers with similar facilities provide service from more than 4 to 5 regulations.
