Roboforex Review

Regulation

Roboforex’s compay is registered as ‘RoboForex Ltd’ which is an international company that is registered by the IFSC (regulator from Belize).

There are no more regulations available while for worldwide users Roboforex offers to open accounts mostly with its Belize company.

Feature	Condition
Foundation year	2009
Publicly Traded on Exchange	❌
Tier-1 Licenses	❌
Tier-3 Licenses	IFSC

Instruments

RoboForex offers for trading a really huge number of instruments equal to more than 12,000+. There are available Forex, Indices, Stocks, Commodities and ETFs. 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.

Feature	Condition
Major forex pairs	✅
Minor forex pairs	✅
Exotic forex pairs	✅
Cryptocurrencies	❌
CFD
Metals	✅
Energies	✅
Agricultural	✅
Shares
UK shares	✅
US shares	✅
German shares	✅
French shares	✅

Trading platforms

RoboForex offers a truly wide range of different trading platforms. Most of them are suitable for beginners and also experienced traders.

MetaTrader 4

The mainstream MetaTrader 4 platform is available for desktop and as a web version (called WebTerminal) via a browser. Among the features there are:

• 3 types of orders (Market, Stop, Limit)
• 50 built-in technical indicators (with the ability to use 3-party indicators also)
• Algorithmic trading functionality (using MQL4 language)
• One-click trading

MetaTrader 5

The next version of the MetaTrader terminal has a strong set of updates like a 64-bit platform, up to 10 times faster execution 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:

• 4 types of orders (Stop, Limit, Stop-Limit, Market)
• Market depth tools (for instruments where Depth of Market is available)
• Access to MetaTrader Market with robots and other tools
• Additional timeframes and chart types
• Direct deposits and withdrawals support in terminal

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R Trader

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:

• More than 12,000+ assets available
• Corporate news feed
• R Web Trader for MetaTrader 4 Accounts
• Level II Depth of Market and time and sales
• Proprietary trading robots builder

Mobile Trading Platforms
RoboForex respects the widely spread mobile devices and therefore offers its customers to access mobile applications of MetaTrader 4, MetaTrader 5 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.

Feature	Condition
MetaTrader 4	✅
MetaTrader 5	✅
MetaTrader 4/5 iOS/Android	✅
Proprietary Mobile Application	✅
Proprietary Web Terminal	✅
cTrader	❌

Account types and conditions

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.

Feature	Condition
Demo account	✅
Professional account	✅
ECN account	✅
Standard account	✅
Cent account	✅

Commissions and spreads

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.

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 $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.

Deposits and Withdrawals

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), China UnionPay, AdvCash, 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.

Feature	Condition
Bank wire	✅
Debit/Credit cards	✅
Skrill	✅
Neteller	✅
Paypal	❌
WebMoney	❌
China UnionPay	✅

Customer Support

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:

• Email
• Phone
• Live chat
• Skype
• Whatsapp
• Telegram
• Facebook Messenger
• Viber

Support via popular messengers is quite unique because the vast majority of brokers have only phone, live chat, and sometimes phone support.

Feature	Condition
Live Chat	✅
E-mail	✅
Phone	✅
Messengers	✅

Roboforex Overview

Roboforex could be considered one of the well-known brokers that has a high grade in each of the overviewed aspects. Though it has only Belize license it’s still trusted by many traders.

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.