✅ Lifetime of the broker
✅ 12,000 instruments available
✅ Extra customer support methods
✅ Proprietary R-trader trading platform
Roboforex is a multi-asset broker company that was founded in 2009. For more than 10 years Roboforex has been offering for trading Forex pairs, CFDs for indices, metals, and other asset classes. So far the broker is an official Partner of BMW M Motorsport company.
Roboforex operates multiple entities and its headquarters is in Cyprus. The broker has numerous clients all around the world. It is so popular and gained the recognition of the brand name for its advanced trading conditions for scalping, day trading, and long-term trading styles. Besides trading conditions, in RoboForex there is a solid range of trading platforms available including the well-known MetaTrader platform, algorithmic oriented cTrader. or proprietary platform RTrader.
Roboforex’s two companies are registered under RoboForex Group. The companies themselves are ‘RoboMarkets Ltd’ being a European entity broker and regulated by the CySEC and ‘RoboForex Ltd’ which is an international company that is registered by the IFSC (regulator from Belize).
There are no more regulations available, though CySEC should be enough for customers that are able to open an account in this legislation. It is available mostly for people from the European Union, while for worldwide users Roboforex offers to open accounts mostly with its Belize company.
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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.
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|Minor forex pairs||✅|
|Exotic forex pairs||✅|
RoboForex offers a truly wide range of different trading platforms. Most of them are suitable for beginners and also experienced traders.
The mainstream MetaTrader 4 platform is available for desktop and as a web version (called WebTerminal) via a browser. Among the features there are:
The next version of the MetaTrader terminal has a strong set of updates like a 64-bit platform, up to 10 times faster execution, native cryptocurrency support, nominated crypto accounts, and many more. As well as MT4, the MetaTrader 5 platform is available for both desktop and web versions. The features of the MT5 are:
The RoboForex company, being an algo-friendly broker, gives the ability for the customers to use the cTrader trading platform. As well as MetaTrader platforms, it is available for desktop and in the Web, using a browser. and offers features such as:
The easy-to-use proprietary platform called R Trader is available only in a way of a web application using a browser. The features of the platform are:
Mobile Trading Platforms
RoboForex respects the widely spread mobile devices and therefore offers its customers to access mobile applications of MetaTrader 4, MetaTrader 5, cTrader, and R Web Trader also. All the trading applications are available for both Android and iOS.
The mobile trading applications are slightly limited in terms of functionally in comparison to desktop platforms though the main features like the ability to trade, view real-time prices, open trades with various order types and monitoring charts are accessable.
|MetaTrader 4/5 iOS/Android||✅|
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|Proprietary Web Terminal||✅|
The registration process and the account opening in RoboForex are fairly simple and in total there are available 5 types of trading accounts. The main difference between them is the offered asset classes for trading, different minimum deposits, variable leverage, and some more.
Prime Account – An account type for advanced traders who prefer to trade on several asset classes. The leverage on the account is up to 300:1 and the minimum deposit is 10 USD or equivalent in other currencies.
ECN Account – So popular nowadays pure ECN account types created for professionals who are willing to get the tightest possible spreads. On this account type, the execution speeds are the highest in comparison to others, multiple instrument classes are available and the leverage might be up to 500:1. The minimum deposit is 10 USD or equivalent as well as on Prime Account.
Pro-Cent – An account type created mainly for beginners where the main feature is cents as the base currency. The maximum account leverage is up to 2000:1 and the minimum deposit is equal to 10 USD or another currency that will be converted into 1,000 cents on the account.
Pro-Standard – An account, that could be considered an average one in terms of optimal trading conditions, available asset classes, and leverage up to 2000:1, with an accessible amount for a deposit equal to 10 USD or its equivalent.
R Trader – created purely for the proprietary trading platform, this account type allows us to get access to several asset classes including stocks and in total there are more than 12,000+ markets available. The maximum leverage on the account is 300:1, and the commissions are applied also, while the minimum deposit on this account type is a bit higher than on other types and is equal to 100 USD.
Trading costs depend on the chosen account type and platform that is used. Here are some examples:
Pro Standard and Pro Cent are commission-free accounts (commissions are included in spreads), while on ECN Accounts the commission equal to $20 per 1 million in base currency on Forex pairs, $200 per 1 million traded on US Stocks, $5 per 1 million on CFD Indices and Energies, $2,000 per 1 million on Cryptocurrencies.
On Prime Accounts the commissions are the following: $10 per 1 million on Forex pairs, $4 are charged for 1 million on CFD Indices and Energies, same $2,000 per 1 million as on ECN accounts on Cryptocurrencies and $150 per 1 million traded on US Stocks.
R Trader Platform has a slightly different commissions structure and US Stocks Pro is equal to 0.0045 USD commission per 1 share while there is also a minimum commission equal to 0.25 USD. US Stocks are charged with 0.02 USD per 1 share and there is also a minimum equal to 1.5 USD. Finally, the commission for US Stock CFDs is 0.015 per 1 share and a minimum for these assets is 1.5 USD.
RoboForex being a world-wide broker offers a big set of zero-commission deposit methods. Among them are debit/credit cards, bank wire transfers, Skrill and Neteller (lately being under one company group), QIWI and Webmoney that are popular in Eastern Europe, China UnionPay, AdvCash, Fasapay, POLiPay, and some other payment system providers.
For withdrawals, the commissions are charged though they are even below the industry standard so the European SEPA transfers have a 1.5% fee.
RoboForex has multilingual customer support and there are more than 12 languages available. Among them are standard English, Spanish, and Arabic as well as Indonesian and Malaysian. Customer support is available 24 hours a day and 7 days a week which is quite rare among the forex brokers.
Among the support methods are:
Support via popular messengers is quite unique because the vast majority of brokers have only phone, live chat, and sometimes phone support.
Roboforex could be considered one of the top brokers that has a high grade in each of the overviewed aspects.
The broker has a CySEC license being one of the most strict and trustable regulations giving a certain level of security for clients that have chosen Roboforex for trading.
There are various terminals available in Roboforex that traders can select depending on their experience and trading style.
There are more than 12,000 instruments available for trading in Roboforex that puts the broker into the leader’s list also.
Various customer support methods allow the customers to get help in multiple ways including very useful Whatsapp, Viber and others.