RoboForex Review: Your Gateway to Exceptional Trading

RoboForex, an esteemed online broker, unlocks a world of trading possibilities on its Pro-Cent, Pro-Standard, and RAMM live accounts. With an expansive repertoire of trading platforms, including MT4 and MT5, robust regulation, enticing bonuses, and flexible deposit options, RoboForex sets a new benchmark in online trading.

RoboForex: Unveiling the Finer Details

Established in 2009, RoboForex operates under the regulation of the Financial Services Commission (FSC) of Belize, boasting license number 000138/437 and registration number 128.572. Situated at 2118 Guava Street, Belama Phase 1, Belize City, Belize, RoboForex exudes trust and credibility.

Diving into the offering, RoboForex flaunts over 12,000 trading instruments across 8 asset classes, coupled with 2 investment platforms and 4 trading platforms. Notably, RoboForex has amassed a commendable reputation over the years, with 3 million live accounts opened since its inception. The brokerage has even clinched partnerships with the likes of BMW M Motorsport and world kickboxing champion, Andrei Kulebin. With a global footprint, RoboForex customizes solutions that cater to the diverse needs of its clients.

Exploring the Trading Platforms

MetaTrader 4 (MT4)

MT4 emerges as the quintessential choice for both novice and experienced traders. Boasting 50 technical indicators, basic graphical tools, and three order execution types, it equips traders for success. Users can even craft their trading robots using StrategyQuant and benefit from one-click trading. MT4 is accessible as a downloadable desktop client or a webtrader, ensuring a seamless trading experience.

MetaTrader 5 (MT5)

Professional traders gravitate toward MT5, which is armed with cutting-edge features for advanced trading. Its versatility shines through with netting and hedging capabilities, Market Depth, four types of order execution, six types of pending orders, and a multitude of technical indicators and graphical tools. MT5 is available as a downloadable PC application and a web-browser version.

R StocksTrader

The user-friendly R StocksTrader platform offers a classic design, making global market investment effortless. It provides access to 13 technical indicators, nine graphical tools, Level II Market Depth, and an automated strategy tester. R StocksTrader facilitates both real stock trading and CFD trading, giving traders the freedom to choose their preferred approach.

CopyFX for Copy Trading

RoboForex presents the CopyFX platform, a haven for those keen on copy trading. It empowers traders to identify profitable counterparts based on their trading history, assess performance, and set up alerts or signals. This platform has garnered substantial popularity, especially the CopyFX Profibot system. With a substantial pool of active traders continually growing, CopyFX stands tall in the realm of copy trading.

RoboForex Assets:

Clients at RoboForex can engage in trading across various asset classes, including over 40 currency pairs, 12,000+ global stocks, 10 indices (including Dow Jones and NASDAQ), 100 commodities (including oil), and a selection of ETFs. Moreover, RoboForex paves the way for cryptocurrency enthusiasts, offering 26 cryptocurrencies and crypto-indices, a unique product that enables trading on multiple cryptos simultaneously. The depth of RoboForex's product offering in 2023 is certainly commendable.

Spreads & Commission:

RoboForex's pricing structure varies based on the chosen account type, but it consistently offers competitive spreads. Notably, the Pro-Cent and Pro-Standard accounts incorporate fees into the spreads. For instance, the EURUSD spread averages around 1.4 pips, while US indices command a spread of approximately 1.75 pips, and XAUUSD (Gold) sports an average spread of around 22 pips. Opting for the Prime and ECN accounts unveils even tighter spreads, with some asset classes featuring zero pip spreads.

Leverage:

RoboForex empowers traders with varying levels of leverage, catering to different account types. The Pro-Cent and Pro-Standard accounts offer a maximum leverage of 1:2000, while the ECN account extends leverage up to 1:500. Meanwhile, the Prime and R StocksTrader accounts present a leverage of 1:300. To calculate margin requirements with ease, RoboForex furnishes a useful margin calculator on its website.

Mobile Apps:

RoboForex keeps pace with modern traders, providing smartphone apps for all its trading terminals, including MT4, MT5, and R StocksTrader. These apps equip users with customizable charting tools, full trading history, and access to trading robots. The mobile platforms align seamlessly with the desktop experience, making on-the-go trading a breeze.

Payment Methods:

Deposits

RoboForex leaves no stone unturned when it comes to deposit methods. With dozens of deposit options across nine different currencies, including USD, EUR, GBP, and ZAR, it caters to international and local bank depositors, card payments, and e-wallet enthusiasts. It's important to note that PayPal is not among the accepted payment methods. Additionally, for Non-EU clients, the option to fund accounts with cryptocurrency is available, granting traders the ability to deposit, trade, and withdraw using digital assets.

Withdrawals

RoboForex offers an extensive range of withdrawal methods, ensuring a seamless experience for clients. Most withdrawal methods boast a swift 1-day processing time, a feature lauded by customers in 2023. While withdrawal commissions vary, the brokerage extends a Free Funds Withdrawal program, permitting two commission-free withdrawals each month. The broker also facilitates cryptocurrency withdrawals for Non-EU clients, demonstrating a commitment to innovation and client flexibility.

Demo Account:

RoboForex welcomes traders to explore its offerings risk-free with three demo account options: Demo Pro, Demo, and Demo R StocksTrader. Among these, the Demo Pro account is particularly popular, replicating the trading conditions of standard accounts. It features a maximum leverage of 1:2000 and floating spreads from 1.3 pips. This no-cost practice account is accessible directly from the broker's homepage and remains valid for 90 days.

Bonuses:

RoboForex extends a warm welcome to new users with a $30 welcome bonus upon depositing a minimum of $10 via a bank card for Pro-Cent and Pro-Standard account holders. In addition, Cent and Standard account users can avail themselves of the 60% Profit Share Bonus and claim up to 120% on deposits with the Classic Bonus. RoboForex also presents a diverse array of promotions, including a 10% bonus credit on account balances, cashback rebates tied to trading volume, daily competition opportunities through ContestFX, and a complimentary VPS server. The broker's website houses the comprehensive bonus withdrawal terms and conditions.

Regulation:

RoboForex Ltd operates under the regulation of the Financial Services Commission (IFSC) of Belize, holding license No. 000138/437 and registration number 128.572. As an "A" category member of the Financial Commission, RoboForex Ltd participates in the Compensation Fund, offering protection of up to €20,000 per case. Moreover, the broker provides Civil Liability insurance and enforces negative balance protection, reinforcing its position as a legitimate online broker.

Additional Features

RoboForex's educational suite comprises a wealth of resources for traders of all levels. It includes how-to guides, on-demand videos, forex analysis, a community forum, blog, and an economic calendar. Notably, the RoboForex Analytics center steals the spotlight, providing a free subscription to analytical data and trading tools within a user-friendly interface, accessible in 13 languages. Traders can access signals, videos, calendars, and trading tools with ease.

Diverse Account Options

RoboForex offers a range of live account types, namely Prime, ECN, R StocksTrader, Pro-Cent, and Pro-Standard. The broker keeps the entry barrier low, setting a minimum deposit of $10 USD/EUR for all accounts, except the R StocksTrader account, which mandates a $100 USD deposit. This places RoboForex favorably against other brokers, such as HotForex, Tickmill, and Exness. The accounts cater to distinct trader profiles, with varying minimum margin requirements, leverage limits, margin call/stop-out levels, and bonus eligibility.

Trading Hours:

Forex trading at RoboForex is open 24 hours a day, five days a week, with specific active trading sessions contingent on the time zone. All times are in UTC+2 (Eastern European Time, EET), with regional trading schedules accommodating the following:

• Japan & Singapore: 02:00 - 10:00
• Hong Kong: 03:00 - 11:00
• Frankfurt: 08:00 - 16:00
• London: 09:00 - 17:00
• New York: 15:00 - 23:00
• Chicago: 16:00 - 24:00
• New Zealand & Sydney: 22:00 - 06:00 RoboForex also proactively communicates trading schedule changes during national holidays.

Customer Support:

RoboForex takes pride in offering multilingual support in over 12 languages, including English, Malaysian, Indonesian, Arabic, and Spanish. The support team remains at your service 24/7 through various communication channels:

• Email: info@roboforex.com
• Telephone number: +65 3158 8389
• Online callback form: Visit the Contact Us page
• Live chat, Telegram, Facebook Messenger, Skype, Whatsapp, and Viber: Find these icons at the bottom right-hand corner of the website The customer support team is well-equipped to assist with a wide array of inquiries, ranging from account deletion and user verification to clarifications on ECN commissions per lot and guidance on resetting your investor password. The broker's head office is situated at 2118 Guava Street, Belama Phase 1, Belize City, Belize.

Security and Safety

RoboForex places a premium on security, employing SSL encrypted systems and dual-factor authentication protocols across all its platforms. Additionally, withdrawals and transfers are fortified with SMS confirmation codes, fortifying the safety of financial transactions. The broker has anti-fraud systems in place for its bonus programs, guarding against fraudulent fund transfers.

Pros and Cons

Pros:

• Commission-free trading on US stocks
• Choice of leading platforms, including MT4 and MT5
• ECN and Prime accounts for active traders with low fees
• Automated trading permitted with user-friendly robot builders
• Accessible payment methods, excluding PayPal
• VPS server for uninterrupted trading
• Two free withdrawals each month
• Low deposit requirement for newer traders

Cons:

• Instruments and fees may vary between platforms
• Demo account expires after 90 days
• Limited range of currencies available

RoboForex emerges as a well-established online broker, offering a plethora of assets on reliable trading platforms, including MT4 and R StocksTrader. With robust regulation and negative balance protection, RoboForex stands as a trusted and secure platform for traders of all levels. Notably, professional traders can leverage the zero-spread ECN accounts and RAMM platforms. The CopyFX platform is another standout feature, rivaling leading copy trading options like eToro.

RoboForex stands out for offering commission-free trading on US stocks, a choice of leading platforms, accessible payment methods including PayPal, and a VPS server for uninterrupted trading. With two free withdrawals each month and low deposit requirements, RoboForex caters to both seasoned traders and newcomers.

Despite some variations in instruments and fees between platforms, RoboForex's diverse account options and investment solutions, coupled with accessible trading hours and robust customer support, solidify its status as a reputable and well-rounded online broker.

RoboForex Broker Details

Disclaimer: - We at forexoverflow do not endorse neither refer anyone to trading broker websites. The information is for educational purpose and source of information is from the broker website.