RoboForex Review

Minimum Deposit: $10 VISIT BROKER
58.42% of retail investor accounts lose money when trading CFDs with this provider.

RoboForex Review

Summary

Roboforex is an established online CFDs and forex broker and has over a decade of experience in providing trading services. The broker was founded in 2009 in Belize and registered and regulated by the IFSC of Belize.

RoboForex has a huge product portfolio of over 12000 trading instruments over various asset classes such as forex, CFDs, stocks, commodities, indices, cryptocurrencies, and ETFs. With minimal trading costs, the broker offers multiple account types. RoboForex offers well-known MetaTrader 4 & 5, cTrader, and RoboForex (R Trader) terminals.

RoboForex has a ton of educational resources and research tools. In addition, CopyFX provides the opportunity for investors who want to invest in professional traders’ portfolios.

8.6Expert Score
RoboForex Rating

Winner of multiple prestigious awards, RoboForex has been recognized by some of the most respected experts of the financial industry. Get access to exclusive trading platforms and technologies, 8 asset classes, more than 20 payments systems and 24/7 support.

Investment Products
9
Commissions and Fees
8.5
Platforms and Tools
9
Research and Education
8
Deposit and Withdrawal
8.5

RoboForex Review

Pros and Cons

RoboForex is a regulated broker and has over a decade of expertise in the industry. More than 12000 trading assets 8 asset classes. There are multiple trading platforms and account types to choose from. Lots of educational and research resources make it a good option for both beginner and professional traders. There are over 20 payment options for processing deposits and withdrawals. Low minimum deposit and no inactivity fee can provide an edge to its clients as well. In addition, the broker has multiple insurances and negative balance protection in terms of safety.

On the other hand, RoboForex does not accept clients from many countries, including the US. The company is currently not traded on a stock exchange and does not hold a banking licence.

Here is the summary of the advantages and disadvantages of RoboForex:

Positives
  • 12000+ trading instruments
  • MT4, MT5, cTrader, R Trader
  • Multiple account types
  • Spreads from zero pips
  • ECN accounts
  • Market analysis
  • Low minimum deposit
  • Multiple funding options
  • No inactivity fee
  • Negative balance protection
  • Segregated client funds
  • Educational resources
  • CopyFX
  • Demo accounts
  • Islamic accounts
  • Multiple awards
Negatives
  • US clients not accepted
  • No fixed spread accounts

RoboForex Review

Investment Products

RoboForex offers a massive product portfolio of over 12000 trading instruments over various asset classes. The asset classes offered by the broker are forex, CFDs, stocks, commodities, cryptocurrencies, indices, and ETFs. However, the broker does not offer other popular asset classes such as options and bonds.

RoboForex Instruments Summary

InstrumentsRoboForex
Forex
Stocks
Indices
Commodities
Cryptos
Optionsx
Bondsx
ETFs
CFDs
RoboForex Instruments

RoboForex Review

Commission and Fees

Commission and Spread Fees

RoboForex has multiple account options to suit the needs of every trader.

  • Traders with Cent Accounts can trade with tight spreads starting from 1.3 pip without any commission.
  • Traders with Pro Accounts can trade with spreads as low as zero pip with commissions starting from $20 per standard lot per round.
  • Huge traders with Prime Accounts can enjoy trading with zero pip and commissions as low as $10 per standard lot per round.
Fee Cent Account Pro Account Prime Account
Commission (per standard lot per side)$0$10$5
Spreads from1.30.00.6
RoboForex Fees

Deposit and Withdrawal Fees

RoboForex does not charge any deposit and withdrawal fee from its clients. However, it would be good if you check with your service provider whether they charge any fee per transaction.

Inactivity Fees

RoboForex does not charge an inactivity fee.

RoboForex Review

Platforms and Tools

RoboForex has a ton of trading platforms and tools for all sorts of traders.

RoboForex offers MetaTrader 4 and MetaTrader 5 for the traders who want simplicity and reliability. In addition, the broker offers the popular and advanced cTrader. Moreover, RoboForex also offers access to its state-of-the-art proprietary RoboForex Trading Terminal on web browsers and mobile devices.

In addition, RoboForex provides powerful trading tools like strategy builder and CopyFX.

Let’s discuss each trading platform and tool briefly.

RoboForex Platforms
RoboForex Platforms

MetaTrader 4 (MT4)

The traditional MetaTrader 4 terminal is still the undisputed leader among retail traders. It includes all of the features and tools that are required for both novice and expert financial market traders. Furthermore, the terminal provides embedded features and opportunities that are only found on MQL systems. Here are the salient features of MT4:

  • 3 types of order execution
  • 3 chart types
  • 11 timeframes
  • Account history
  • One-click trading
  • Price alerts
  • Market watch
  • Strategy tester
  • Full functionality for Expert Advisors (EAs)
  • 50 technical indicators
  • Drawing objects
  • MetaQuotes Marketplace
  • Available on desktop and mobile devices and web browsers
RoboForex MT4 Platforms
RoboForex MT4 Platforms

MetaTrader 5 (MT5)

MetaTrader 5 (MT5) is a trading terminal that combines enhanced order execution and distributed compute technology to accomplish the most ambitious trading concepts. MetaTrader 5 is a cutting-edge platform for developing and testing trading robots and strategies. If you value speed and dependability while dealing with trading robots and wish to employ cutting-edge technology, the MetaTrader 5 platform is the ideal option. Here are the cool features of MT5:

  • 4 types of order execution
  • 3 chart types
  • 21 timeframes
  • 100 charts at once
  • One-click trading
  • Multi-currency tester
  • Push notifications
  • Full functionality for EAs and algorithmic trading
  • Market watch
  • 6 types of pending orders
  • Available on desktop and mobile devices and web browsers
RoboForex MT5 Platform
RoboForex MT5 Platform

cTrader

RoboForex provides professional traders with the cTrader platform, which provides direct STP access to worldwide markets. cTrader is frequently used by skilled traders who demand unusual order types, partial filling orders, level II pricing, and faster execution times.

Over 50 technical indicators, 9 types of sophisticated interactive charts, 14 timeframes, alerts, and other features are available in cTrader. cTrader Automate allows you to construct your own trading robots and indicators in C#.

The mobile version of cTrader has the same capabilities as the desktop version and can be downloaded on both Android and iOS smartphones. You may set up notifications inside the mobile app and manage your account from anywhere in the world.

The cTrader online platform is compatible with most browsers and does not require the installation of any additional software. It has almost the same features as the desktop platform but with the added freedom and independence of a web interface.

RoboForex cTrader Platform
RoboForex cTrader Platform

R Trader

RoboForex has its own proprietary RoboForex platform for multi-asset trading on financial charts, along with comprehensive trading tools for technical analysis. Users have access to over 12000 trading instruments and several tools to meet the demands and ability levels of all traders. R Trader is simple and easy to use.

R Trader is intended for easy trading and maybe extensively customised. Market depth, unique watchlists, multiple windows, different chart layouts, customizable viewing techniques, one-click trading (trading from charts), strategies, technical indicators, and market news are all included. An automated strategy builder is available for developing and testing trading strategies using historical data.

The R MobileTrader is available for download for both Android and iOS devices, and it is excellent for individuals who want to trade from their mobile devices from anywhere in the globe with an internet connection. It has the same functionality as the desktop platforms and is available for free download from the appropriate app stores.

The R WebTrader offers the same capabilities and features as the desktop version, but it operates on most modern desktop and mobile web browsers. This is beneficial for folks who need to trade when travelling from any place in the world. There are no software downloads or upgrades required for the web terminal.

RoboForex R StocksTrader Platform
RoboForex R StocksTrader Platform

CopyFX Platform

The CopyFX platform allows traders to duplicate the transactions of other traders or to give techniques for others to imitate. Within the RoboForex Members Area, users may define criteria and establish subscriptions. It is critical to remember that past results and performance are in no way an indicator or guarantee of future success.

Virtual Private Server (VPS)

A virtual private server (VPS) allows you to remotely run your trading platform around the clock, so you don’t have to leave your computer turned on all the time. They are frequently employed when it is necessary to run an automated trading system around the clock or when the local internet connection is poor and minimal downtime is required. VPSs may be accessed simultaneously through desktop, laptop, and mobile devices. RoboForex provides qualifying clients with a free VPS.

RoboForex Platforms Summary

PlatformRoboForex
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary
Desktop
Web
Mobile
Social Trading
Other
RoboForex Platforms

RoboForex Review

Research and Education

RoboForex has various educational resources and research tools. Let’s discuss each resource briefly.

RoboForex Analysis & Forecasts

The analysis and forecasts area offers constantly updated and thorough technical and fundamental analysis across several markets.

RoboForex Analytics
RoboForex Analytics

R StocksTrader Strategy Builder

RoboForex offers a free and simple strategy builder tool that allows you to develop your own automatic trading systems without the need for sophisticated coding. The strategy builder has an easy-to-use point-and-click interface for designing, backtesting, and deploying automated trading systems based on your own techniques.

Because the automated techniques are saved and executed from the server, there are no execution delays. There is no need for a VPS because the tactics are hosted on a secure cloud server and can be viewed from anywhere at any time. There are pre-designed templates available that you may use to get acquainted with the builder or expand on. Backtesting your methods on several markets and periods is possible. Backtesting data dating back to 1970 is available for long-term testing.

Economic Calendar

RoboForex has an economic calendar that shows the most recent forthcoming financial news events. This is frequently employed as part of basic analysis. News stories, price indices, and financial indicators, as well as the most recent inflation and unemployment figures, are shown as key events and highlights. You may see the dates and times of speeches and reports made by global financial regulators. News can be sorted according to its effect (low, medium, or high), date, and country.

Trading Calculator

You may use the trading calculator to compute position characteristics depending on the instrument, leverage, lot size, and account currency. This can aid in strategic planning and trading choices.

Educational Videos

Clients of RoboForex receive free access to a variety of video lessons from the analytics centre. These are especially beneficial for novices since they cover market fundamentals, technical and fundamental analysis, trading psychology, and risk management.

FAQ

On the RoboForex website, there is a large frequently asked questions section that covers a wide range of issues, from the services and products they offer to general trading inquiries.

Trading Tips

The RoboForex website provides a trading tips section with some important suggestions for trading safely, minimising risk, and preparing yourself.

RoboForex Blog

The RoboForex blog, which is updated on a regular basis, contains a plethora of articles covering a variety of themes such as analysis, education, markets, and more.

RoboForex Research and Education Summary

ResourcesRoboForex
Market Analysis
Guides
Videos
Webinarsx
Autochartistx
Trading Centralx
Economic Calendar
Other
RoboForex Resources

RoboForex Review

Deposit and Withdrawal

RoboForex offers over 20 payment options for deposits and withdrawals in multiple base currencies. The payment methods include wire transfer, debit/credit cards, electronic payments, and cash & vouchers. However, the broker does not offer or accept payments in cryptocurrencies.

RoboForex Funding Summary

Payment MethodDepositWithdrawal
Wire Transfer
Credit/debit Card
Electronic Wallets
Cryptosxx
RoboForex Funding Options

RoboForex Review

Regulation and Safety

RoboForex Ltd is authorised and regulated by the International Financial Services Commission Belize (IFSC). However, the broker is not regulated by any other government regulatory body.

RoboForex Regulation Summary

RegulatorRoboForex
ASIC (Australia)x
IIROC (Canada)x
CySEC (Cyprus)x
SFC (Hong Kong)x
JFSA (Japan)x
MAS (Singapore)x
FINMA (Switzerland)x
FCA (UK)x
CFTC (USA)x
Other (IFSC)
RoboForex Regulators

RoboForex Safety

RoboForex Ltd provides clients with negative balance protection, which prevents accounts from being negative during turbulent market circumstances. In this case, they will immediately reset the account balance to zero, and the customer will not be charged for this service. Client funds are kept in separate accounts from the broker’s operational funds in order to guarantee their safety and that they are not utilised for any other reason, such as the firm’s operating expenses.

RoboForex Review

Client Support

RoboForex provides 24/7 customer support via live chat, email, phone, and “ask a question.”  

RoboForex Review

Conclusion

RoboForex is an online broker that provides a diverse range of trading instruments across numerous asset classes. They provide a good selection of adaptable trading platforms, accounts, and payment methods. There are a variety of trading instruments available to help with trading, as well as a nice collection of often updated thorough market research. Overall, RoboForex is a reliable broker.

Everything that you find on InvestingBrokers.com is based on information and data that is readily available from each broker that we have reviewed. We combine our 15+ years of industry experience with research, analysis and user feedback. This enables us to give an impartial and reliable broker rating. You can read more about our broker review process here.

RoboForex Review

FAQs

When was RoboForex founded?

RoboForex was founded in 2009.

Where is RoboForex located?

RoboForex is located in Belize.

Is RoboForex regulated?

RoboForex is regulated by the International Financial Services Commission Belize (IFSC).

What trading instruments does RoboForex offer?

RoboForex offers over 12000 trading instruments from various asset classes such as forex, CFDs, commodities, cryptocurrencies, indices, stocks, and ETFs.

What is RoboForex’s minimum deposit?

RoboForex requires a minimum deposit of $10.

What investing platforms does RoboForex offer?

RoboForex offers MT4, MT5, cTrader, and R Trader on multiple devices and environments.

What is RoboForex’s commission fee?

RoboForex charges a variable commission fee. You can choose to pay zero commission or bear a minimum $10 commission fee.

Does RoboForex charge an inactivity fee?

RoboForex does not charge an inactivity fee.

What are RoboForex’s spreads?

RoboForex offers trading with variable spreads starting from 1.3 pip on cent accounts. However, you can also choose to bear zero pip, but you’ll have to pay a commission fee then.

What funding options does RoboForex offer?

RoboForex offers wire transfers, debit/credit cards, e-wallets, and cash & vouchers as funding options.

Does RoboForex offer demo trading?

Yes, RoboForex offers demo trading.

Does RoboForex offer Islamic accounts?

Yes, RoboForex offers Swap-free Islamic accounts.

How do I contact RoboForex customer support?

RoboForex’s customer support can be reached 24/7 via live chat, phone, email, and the “Ask a question” section.
RoboForex Review
RoboForex Review
Minimum Deposit: $10
Richard Montana

Richard Montana

Richard has spent many years researching, testing, comparing and reviewing brokers. He has an extensive knowledge when it comes to understanding what to look for in a broker for trading and investing online.

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