As the two are the most prevalent options on the market, most traders lean heavily towards one of them. The broker has also launched a number of courses on specified stocks covering how to trade them, technical and fundamental analysis, and advanced skills. As a registered RoboForex client, you’ll have complete access to its education and learning section.
The primary difference between the two Standard accounts is that traders can enjoy fixed spreads on the Fix-Standard account, while floating spreads can be enjoyed on the Pro-Standard account. Broker RoboForex started its activities in 2009 and registered in New Zealand.
RoboForex MT4 platformThe platform is available as a downloadable desktop client or a convenient webtrader accessible straight from a browser. Once all of the above information is provided, you will need to verify your email address to continue to the next step.
Special Features And Services
Besides trading conditions, in RoboForex there is a solid range of trading platforms available including the well-known MetaTrader platform, algorithmic oriented cTrader. A client will get 5 options to open an account, these are Prime, ECN, R Trader, Pro cent, and Pro standard account. Seasonal traders can use MT4 and MT5, while the traders looking to build and test trading strategies can use CTrader and R Trader. The spread and commission structure is also competitive can help to reduce the overall trading cost.
- RoboForex is a regulated and licensed broker that has been providing its offerings and services since 2009.
- The Forex broker also offers traders a demo trading account, which is a great way to start trading Forex.
- Using and/or implementing any market information to your investment is upon your sole discretion, and Finance Brokerage will not be responsible for any damage and/or loss you may incur.
- Once all of the above information is provided, you will need to verify your email address to continue to the next step.
- The customer support team can help with most queries, from how to delete an account and user verification to clarification on ECN commissions per lot and how to reset your investor password.
- They are a well-regulated broker that offers ECN accounts with super tight spreads and deep liquidity.
The broker is also regulated and provides negative balance protection, adding an extra layer of trust and security for traders. Overall RoboForex is a good broker for all levels but their zero-spread ECN accounts and RAMM platforms will be particularly attractive to professional traders.
RoboForex is providing its clients with “VPS Server” service, 24/7 and free-of-charge access to the remote trading terminal. RoboForex’s support team is one of their services that’s well-organized. There’s a ton of different phone lines covering multiple languages, with email and live chat support to boot. The support team also works 24/7, which is another commendable trait. While most are familiar with MT4 and MT5, it’s worth noting that brokers that provide both are rare. cTrader is a social trading software that allows you to trade by mimicking professionals.
Our Verdict! Is It Worth Opening An Account Here?
Customer support is available 24 hours a day and 7 days a week which is quite rare among the forex brokers. RoboForex offers for trading a really huge number of instruments equal to more than 12,000+. There are available Forex, Indices, Stocks, Commodities, ETFs, and Cryptocurrencies. The wide number of stocks is a dominating part of the instruments list and allows the broker to be among the top brokers in terms of symbols quantity. IFSC Belize is a Belizean regulator of the financial services market of the international level. At RoboForex, we understand that traders should focus all their efforts on trading and not worry about the appropriate level of safety of their capital. Therefore, the company took additional measures to ensure compliance with its obligations to the clients.
RoboForex charges a commission of 0.3% on cryptocurrencies with R Trader, while with other account types, it charges trading strategy a commission of 2000/mio. As a trader, you will get a decent choice of trading platforms with RoboForex.
All transactions that exceed 0.01 lot are sent to the bridge and then to the liquidity provider. The charts are easy to use in R Trader, and support multiple timeframes, four chart types, 31 indicators, and seven drawing tools. RoboForex Group Holding is the owner of two related brands, RoboMarkets Ltd – regulated in Cyprus and RoboForex Ltd – regulated in Belize. In early 2013, the broker obtained regulatory status in Cyprus under its RoboForex Ltd entity as a Cypriot Investment Firm, and is passported throughout other European Union member states. RoboForex has proved over the years that it works tirelessly to offer its clients safe and secure services.
After this simple process, you will be redirected to the member area to manage your account. Note that the RoboForex compliance department will review your application at this stage, and you will have to provide verification documents, including a photo id. Once all that process is completed, your account will be activated, and you can fund your account to start trading.
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. Otherwise below is a more detailed review of some of the main exchanges and broker trading platforms where you can trade different RoboForex Review types of crypto either as real crypto or as CFDs in leverage. Right now, if you are looking to trade cryptocurrencies on leverage, you can opt to trade raw crypto or in CFDs. We found some of the best dedicated cryptocurrency exchanges offering crypto leverage/margin trading as Kraken, Poloniex, Huobi Pro, OKEx, CEX.io, Bitfinex, Coinexx, offering between 2x to 500x . In terms of trading platforms, RoboForex stands tall among its competitors.
Market analysis, technical analysis, with professional trading analytics and range of trading tools available via the Members area. The Forex broker has experienced tremendous growth over the last decade. RoboForex review shows that this broker offers as much as 12,000 trading assets to retail traders among eight different asset classes. Most of them are suitable for beginners and also experienced traders. Both trading platforms offer the same functionality as other platforms with advanced charting and execution. RoboForex Ltd is an international forex broker, regulated by the IFSC.
Among their many platforms are the new MetaTrader5 and the well-established MetaTrader4, they also have cTrader, Web Trader and Mobile Forex. As a RoboForex account holder, you will get full access to its research and analysis tools. Pro-Standard is one of the most popular account types and is suitable for beginners. Ideally, for beginners, MetaTraders provide a very good learning experience. It has all the basic tools as well as the advanced tools that you would need once you learn more and step up the ladder. The broker is also part of IFC , an international organization that mediates between the broker and the client in the event of a dispute.
When our clients deposit their trading accounts, the commission is always 0%. Choose the payment system according to your convenience, not cost effectiveness. R Trader is a multi-asset web platform, which combines modern technologies, a classic but taken to a new level design, and access to the world’s major financial markets. ECN account type is intended for professionals, who prefer the best trading conditions with tight spreads. The company charges 0% commission for deposits and withdrawals and covers all expenses. As a technology-driven company, RoboForex offers their client an extensive range of platforms to choose from, that allows to advance and suit any demands.
You can also trade major commodities, including Coffee, Cocoa, Wheat, Sugar, Soya bean, and So forth. RoboForex precious metals range is also decent and includes Gold, Silver, Platinum, and Palladium. Finally, RoboForex also provides Foreign exchange autotrading cryptocurrencies and crypto indices. Roboforex provides a learn forex education section where traders can find tutorials for learn trading, how to start trading, what is trading, Expert Advisors, training videos and online webinars.
Deposit And Withdrawal
As an offshore regulator, it provides much less security than, for example, something like the UK’s FCA. As such, it doesn’t push RoboForex into the clear. RoboForex has launched a Civil Liability Insurance program of 5,000,000 EUR, includes coverage against fraud, forex analytics errors, omissions, and other disputes involving financial losses of the clients. The broker is also a member of the Compensation Fund of The Financial Commission. The Financial Commission plays a neutral 3rd party role between the investors and the brokers.