It doesn’t matter if you’re a newbie or seasoned trader, finding the best trading platform to meet your unique trading requirements is vital.
Since the creation of trading platforms, there have been over 20 media created to offer clients an opportunity to multiply their investments. One of the most seasoned trading platforms is RoboForex.
RoboForex Limited1 is part of the RoboForex Group. It was launched in 2009, and the firm has in time grown in leaps and bounds, surpassing even the most recognized platforms. Since it’s the establishment, RoboForex has offered its consumers, eight asset classes, with more than 9,400 assets available for trading from four platforms. They also provide services in 19 languages across about 169 nations.
The RoboForex LTD regulated in Belize is the most recognized part of the group, and it’s traders are usually treated to the most creative and unique trading environments. Moreover, the incredible asset-selection across eight classes enables for a diversified asset portfolio.
To dig deeper into RoboForex and it’s an array of benefits, account options and features, here’s a comprehensive RoboForex Review.
RoboForex Regulation Systems
RoboForex Limited is under the control of the International Financial Services Commission Belize (IFSC)2. IFSC, is, in turn, governed by the Ministry of Belize Securities and the International Financial Service Commission Act (IFSC Act)3. It also heeds to the international AML guidelines4. When you make any deposits, they’re kept in the segregated bank account as directed by the IFSC.
As a member of RoboForex, unlike other trading platforms, you get protection provided by the Compensation Fund that secures deposits to a maximum of €20,000 (enough to cover most of the retail deposits).
As per most trading platforms, one of the most recognizable RoboForex awards is Verify My Trade(VNT) execution quality certificate, and it follows regulation quite earnestly. The trading platform also provides you with traders who manage leveraged account a Negative Balance Protection Policy.
What Are RoboForex Fees?
The RoboForex trading platform collects its fees via spreads and commissions charged on over 9,400 investments.
The RoboForex broker also establishes a hybrid forex business model where it functions as a market creator on all Cent Accounts since the small trade size is under the least required for straight-through processing model (STP).
In the trading accounts where the broker acts as the market creator, RoboForex directly benefits fro traders’ losses. In a different place, RoboForex brokers use a bridge to the liquidity lender to process market guidelines, and it gets a commission from the lender and a percentage of the spreads.
Overnight financing expenses on leveraged positions apply, and so do swap rates and corporate actions – they’re passed onto the traders’ accounts.
What Can You Trade with Roboforex?
Well, as mentioned, RoboForex provides you with more than 9,400 assets across eight classes which include:
- Soft Commodities
It makes sure that each portfolio can be appropriately diversified across investments and enables traders to take advantage of the trading options across the fiscal spectrum. More than 30 currency pairs are provided for trading at RoboForex with the topmost leverage of 1:2000.
RoboForex traders can get over 9,400 resources via the R Trader, but MT5 and MT4 platforms only feature 50 of the most preferred stock CFDs accessible. The trading platform’s selection of index CFDs is somewhat restricted, but it also includes the most standard mechanisms.
Passive investing through ETFs is also becoming a client favourite, and today RoboForex provides over 1,000 ETFs to its consumers.
What Are the Roboforex Trading Platforms?
The most popular RoboForex trading platforms are:
It’s accessible on your desktop and via the web browser. It also offers clients features such as:
- One-click trading
- Opportunity to utilize trading robots
- Three types of order execution
- Over 40 ready-to-use technical pointers
- Algorithmic trading serviceability
You can download it on your desktop and via the web browser. It also offers its consumers with features like:
- Access to MetaTrader Market
- Six forms of pending orders
- Four types of order execution
- Market depth tools
- Supplementary timeframes and chart forms
RoboForex C Trader
The trading platform provides you with features like:
- Level II pricing
- 14 timeframes
- 54 technical pointers
- Rare forms of order functionality
RoboForex R Trader
The platform offers you features like:
- Level II market depth, time and sales
- Trading robot builder
- Track corporate actions
- No downloads needed
- Trade on over 11,000 market platforms
RoboForex R Web Trader for MT4 Accounts
It involves features like:
- One-click trading
- Analytics from RoboForex specialists
- Nine tools for graphical analysis
- 13 technical indicators
RoboForex also offers its clients the opportunity to use mobile trading platforms on the go. So you can access MetaTrader 5, MetaTrader 4, cTrader, and even R Web Trader’s apps for you Android and IOS devices. You can find the app download links on the RoboForex broker’s website, the Members’Platform or through the Google or Apple AppStore.
Roboforex Account Types
The trading platform provides you with a simple account opening process for its five primary forms of trading accounts. Every account provides you with different asset categories to trade on with various minimum deposits and leverage:
It’s designed for advanced traders to trade on various asset categories with up to 300:1 leverage. It also features floating spreads that range from 0 pips with some commissions payable. The account’s minimum deposit’s €10 or $10.
It’s aimed at professionals who are looking for the best spreads, and high executions speed to trade on several asset categories with up to 500:1 leverage, floating spreads that range from 0 pips and commissions payable. The account’s minimum deposit’s about €10 or $10.
It’s designed for users who need to use cents as the base currency, mainly beginners. It offers maximum leverage of 2000:1, floating spreads that range from 1.3 pips and a minimum account deposit of €’10 and $10.
It’s ideal for multi-asset category stock trading for skilled traders to gain over 11,000 markets with a maximum leverage of 300:1. It also has commissions payable and a minimum deposit of $100.
It’s designed for the ideal trading circumstances to trade on various asset categories with a maximum leverage of 2000:1 and floating spreads from 1.3 pips. It also includes a minimum deposit of $10 and €10.
Unlike other accounts which require a minimum deposit of $10 or a currency equivalent, this account requires a $5,000 deposit.
Roboforex Payment Methods
The trading platform provides you with several commission-free deposit options which consist of credit and debit cards, AdvCash, Skrill, QIWI, FasaPay, Bank Wire Transfer, China UnionPay, Neteller, among others. Most payment plans offer prompt funding with the exclusion of bank transfers.
Many withdrawal options are commission-based, and you can find the fees on the RoboForex website. It consists of a Neteller withdrawal fee of 1.9% and a SEPA Bank Transfer withdrawal charge of 1.5%.
Bonuses & Promotions
There are four bonus programs available at RoboForex, and if employed correctly, they can assist traders in accessing a trading edge. Some of these include:
- Free VPS Server
- Welcome Bonus of $30 – it’s designed for clients who authenticate their information for cent and basic MT4/MT5 accounts with USD and EUR as the approved currency. It also requires a $10 or €10 deposit via a valid bank card
- Classic Bonus – this is where a trader can get up to 120% for the first and other deposits if the trading volume measures are met
- Profit Share Bonus – one can use it during the ‘drawdown ‘and can help in increasing the deposited sum from the initial deposit
- Cashback (rebates) – it’s where one can get rebates for trading volume
Roboforex Customer Support
RoboForex is a successfully managed brokerage, and it’s stacked with several outstanding services and customer support. Traders who need help can have access to the RoboForex support team via the ‘green chat button’ that’s accessible on all sections of the website.
RoboForex support is usually available 24/7 and clients can write an email, use the webform, call directly and request a callback. Support is also offered in 11 languages, including English, Malay, Thai, Chinese, Arabic, Spanish, and much more.
One can also contact customer support via Telegram, WhatsApp, Live Chat, Skype, Telegram, and Viber.
RoboForex General Information
Official RoboForex Website: https://www.roboforex.com/
Regulated By: IFSC
Year of Establishment: 2009
Headquarters: 2118 Guava Street, Belama Phase 1, Belize City, Belize
Minimum deposit: $10 for the Pro-Cent, ECN and Pro-Standard Accounts
Max Leverage: 1:2000
Publicly Traded: No
Accepts US Clients: No
Account Deposit Options: Credit Card, QIWI, Skrill, Webmoney, Wire Transfer
Account Withdrawal Options: Credit Card, Neteller, Wire Transfer
Tradable Assets: Currencies, Cryptocurrencies, Commodities, Indices, Stocks
Trading Platforms: cTrader, MT4, MT5
Commission on Trades: Yes
Trading Desk Type: ECN, Dealing Desk, Market Maker, STP
OS Compatibility: Desktop platform (Windows and Mac)
Mobile Trading Platforms: Android, iOS
Frequently Asked Questions
Yes, it’s. Roboforex is controlled by the International Financial Services Commission Belize (IFSC) under the license number IFSC/60/271/TS/19.
Yes, it’s. It’s available in over 193 countries including the UK, Australia, South Africa, Thailand, China and the US. The trading platform also boasts of hosting a total of more than 1,000,000 clients.
Well, the minimum amount that you can deposit depends on your account type. Typically, Pro-Cent, Pro-Standard and ECN require you to make a minimum of $10 or £10 or an equivalent amount in your account. Prime, on the other hand, requires you to make a $5,000 0r £5,000 deposit.
There are several ways of depositing into your Roboforex account. You can choose GiroPay, Nordea SOLO, Skrill, Yandex, Santander, Mobile Money, ITAU, Banco Do Brasil, Perfect Money, AdvCash, among others.
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