RoboForex

RoboForex Summary

Account Information

Apart from the forex demo account, this broker offers UNITRADER, MT CFD, MT DMA and MT FX. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by RoboForex is up to 1: 400 Meanwhile, you can open an account with a starting capital of $50.

There are 5 account types available to RoboForex clients:

• ProCent: The minimum deposit is rather low at $10 with 0.01 lot minimum trade. ProCent uses variable spreads. The account supports scalping, hedging, Expert Advisors, trailing stop, pending orders, one-click trading,  and browser-based platform, though swap rates are charged for overnight financing.
• Pro: There is a minimum deposit of $10 and a minimum stake size of 0.01 lots. Pro account offers variable spreads, Expert Advisors, and scalping/hedging capabilities. Although this account type boosts advanced tools like trailing stop, pending orders, one-click trading, and browser-based platform, when keeping a position open over midnight (server time), you will be charged a swap fee.
• ECN: The minimum deposit starts from $10 with a minimum lot size of 0.01 lot. Though ECN account has all useful trading tools like trailing stop, pending orders, one-click trading, browser-based platform, and trading with API, sadly, it doesn’t offer scalping nor Expert Advisors capabilities. This account’s spreads are variable.
• R Trader: R Trader requires a $100 minimum initial deposit and minimum transaction size of 0.01 lots with a fixed spread. Key features including pending orders, one-click trading, browser-based platform, mobile trading, and automated trading.
• Prime: The minimum deposit is $10 and the minimum trade size is 0.01 lots. Spreads are variable. You can find features such as scalping, hedging, trailing stop, pending orders, one-click trading, mobile trading, and automated trading through this account.  

Fees

The broker charges fees through spreads and commissions and also deploys a hybrid forex business model where it acts as a market maker on all Cent Accounts. This model directly benefits from traders’ losses. RoboForex charges swap rates for positions held overnight and corporate actions are also passed onto traders’ accounts.

Instruments Traded

Besides lots of currency pairs, RoboForex also offers some instruments you would like to trade on, such as ETF, Energies, Indexes, Stocks, Oil, Gold & silver and Forex for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

RoboForex offers the following markets to trade:

• 40+ currency pairs
• over 12,000 global stocks
• more than 10 indices
• more than 100 commodities
• more than 1,000 ETFs
• 20+ metals
• 4 energies

Payment Methods

RoboForex offers free deposits. Payment remains commission-free, but the broker provides commission-free withdrawals twice per month; on the first and third Tuesday, all withdrawals are automatically free of charge. Deposits are free of charge. Plenty of payment methods are available offering prompt processing. From bank wires, credit cards, even Union Pay.

Availability of deposit and withdrawal options depends on the geographic region, but processing times are instant on most options, but bank wires can take up to 5 working days.

RoboForex accepts payments via:

Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.

Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients’ fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.

RoboForex also provides payment with Western Union, UnionPay, Perfect Money, Local bank transfer, Credit/debit cards, Boleto Bancário, AstroPay and AdvCash.

Trading Platforms

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, a price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitability by placing well-planned trades.

Hereby, RoboForex offers you MetaTrader 4, MetaTrader 5, R StockTrader, Web and Social trading.

• MT4: The MT4 trading platform remains the most popular, especially after the addition of third parties. The many features of automated trading solutions and capabilities explain why this platform is adored by many.
• MT5: As the successor to MT4, MT5, unfortunately, doesn’t allow hedging, thus making it less popular. Traders should use MT5 as an option because brokers often provide special incentives for traders who want to transition to the MT5 platform.
• R Trader: Through R Trader, traders have access to a wide range of assets on offer. Traders who do not have automated trading solutions that require MT4 may consider R Trader as an option. R Trader provides the best trading experience with robot builders so that traders can create their automated solutions.
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  Unique Features

  RoboForex has a range of unique features, including:

  • As more and more brokers offer social trading facilities, the CopyFX platform allows traders to copy trades from other traders. Clients only need a minimum of $100 in order to register. With the addition of the RAMM platform, you are able to manage assets and get automated risk management.
  • With just a minimum deposit of $300, you can enjoy free VPS hosting for all verified accounts. Pro-Standard account traders using MT4 can take advantage of maximum leverage up to 1:2000.

Research and Education

RoboForex has a number of additional education and research materials:

• In-house analytics partnered with independent analytical firm Claws & Horns.
• Video content provided by Claws & Horns on RoboForex blog.
• Charts area that is cluttered with mediocre content.
• Education content is updated daily, and traders can find plenty of quality material.
• Education contents are one part in-house and another part in partnership with Claws & Horns.

Bonuses and Promotions

There are a number of promotions on offer at RoboForex:

• Welcome bonus USD30.
• Profit Share Bonus to increase the deposited amount by 60% starting from your first deposit. Terms & conditions apply.
• Receive Classic bonus of up to 120% for your first and all other deposits that follow.
• Promotion worth $1,100,000 to celebrate RoboForex’s 11-year birthday with over with over 500 prizes.

Customer Support

Do you have any question or find any trouble related to RoboForex? If you do, you should reach RoboForex’s support to get the information that you need. Here is the detail of the broker’s customer support:

Customer support is offered in English. RoboForex provides the customer contact options to the support team via the green chat button which is available on each section of the website 24/7, e-mail, use the webform, call directly or request a callback.