RoboMarkets Review

Established in the year 2009, RoboMarkets is currently regulated in Cyprus.

Trading accounts

Clients have the option of trading with five types of trading accounts. All of them have been tailor-made to satisfy the different needs of the various RoboMarkets forex traders.  The five account types include Pro-Standard, Pro-cent, ECN-Pro NDD, Prime and the Demo account.

Pro-Standard

This account has been specially designed for experienced traders. It is characterized by a healthy competitive trading environment with outstanding quality. Additionally commissions do not exist leading to the minimization of cost.  

Features of Pro-Standard trading account

1. Floating spread
2. Market execution mode
3. 5-digit quotes

Pro-Cent

 Are you a beginner and mostly interested in trading micro lots? Pro-Cent trading account is most suitable for newbies that require to make minimum investments to get the opportunity to test the broker’s trading conditions. The features of this account are:

1. Floating spread.
2. If you trade on MetaTrader4 platform, the order volume varies from 0.001 lots (0.1 cent lots).
3. In a MetaTrader5 platform, the order volume is from 0.0001 lots (0.01 cents lots).
4. Marketing execution mode.
5. Floating spreads.
6. 5-digit quote.

ECN-Pro NDD

The Pro- ECN NDD trading account has been designed for the proficient traders. These traders hold preference to lower spreads, speedy order execution and the best types of executions present across all types of accounts at the company. The characteristics of the trading account are:

1. 5-digit quotes
2. Floating spreads
3. Market Execution Mode
4. NDD (Non-Dealing Desk)

Prime

The Prime trading account is preferred most by traders who like forward looking features. The account offers similar trading conditions as those of liquidity providers, fast execution of transactions and a brand new MT4 server. The elements of this trading account include:

1. Market execution mode
2. Floating spreads
3. 5-digit quotes
4. NDD (Non-Dealing Desk)

Demo account

Are you new to forex trading? The demo account should be the account to work with during the early days: which also depends on how fast you find your way around the trade. Demo accounts are an opportunity to put the trade to the test before you work with a real account. The features of a demo account include:

1. No funds are invested
2. Customized competent advisors
3. Trading on demo accounts is the same as doing it in real accounts.

Security of funds

The broker has taken an interest in ensuring that the assets of its clients are safe in the following ways.

1. STP-execution of orders. This model restricts the broker from being the counterparty to any transaction. Instead, the broker remains to be the intermediary between the liquidity providers and the clients.
2. Protection of negative balance. The broker gives all its clients the opportunity to benefit from negative balance protection: that is, in alignment to the legislative requirements. This way, the clients are safe from being overcharged: that is, being asked more than they intend to invest in the market.
3. The customers are given membership for the Investor Compensation Fund (ICF). This way, members who are insured are provided with up to 20,000 EUR coverage by the fund.
4. Segregated accounts. RoboMarkets keeps their clients’ funds away from those of the company’s. This way, they are protected from any form of fraud.
   
   

Trading conditions

Initial minimum deposit

The minimum amount of the first deposit that is required for Cent, Standard, ECN and R Trader accounts is 100 USD / 100 EUR / 100 GBP respectively.

For Prime accounts the minimum deposit you can make is 5,000 USD. The subsequent deposits have no restrictions.

Spread

The lowest spread starts from 0 pips.

Trading platforms

MetaTrader4

MetaTrader4 is a popular platform that has gained authority in forex market. The platform is preferred thanks to its user-friendly interface, a variety of financial instruments to trade and opportunities. The major benefits of trading with the platform include:

1. It allows three types of order execution
2. Three types of interactive charts
3. Ability to develop and employ trading robots
4. 50 indicators for purposes of analysis

MetaTrader 5

It is so far the best platform in the market. What makes the platform stand out in the crowd is the fact that it is an advanced trading platform. The aspect of the platform being advanced technology-wise has made it possible to meet the growing needs and demands of the traders. If you are a trader who looks for reliability and speed, then MetaTrader5 will give you the best trading experience. The other advantages of working with the platform are that the market has:

1. Market Depth
2. Four types of order executions
3. Multi-threading tester
4. Six types of pending orders 

Multi-asset platform R Trader

This platform gives the trader power and control over the waves of forex. R Trader is new to the block yet it has been able to earn itself a good reputation. The perks that come with using the platform are:

1. It allows the trader to have advanced charting capabilities
2. Traders can formulate trading strategies that are automatic
3. It is responsive, easy to use and flexible
4. Provides access to the global market through just one terminal
5. The stocks leverage up to 1:20

 RoboMarkets Terminals

The platform has been specifically designed for the mobile traders. The perks of using the platform are that it has:

1. 13 indicators
2. Free access
3. Convenient account management
4. Nine tools for graphic analysis
5. Exclusive analytics straight from the broker

 Promotions

1. Clients can make deposits commission-free.

Deposits/withdrawal methods

The customers are able to easily access their funds as the broker has made the deposits and withdrawals possible via a wide range of options. It includes electronic payments, use of payment terminals and banks cards. More so, the broker takes care of all transaction costs: for instance, commission is not charged on deposits made to clients’ accounts.

BRIEFLY ABOUT RoboMarkets Forex

With the rising cases of fraud and scam, you might have a hard time trying to locate a legitimate broker. Look no further. RoboMarkets is a broker you can trust with your assets. Visit Robomarkets reviews and comments to get first-hand feedback on the reliability of the broker, from traders and clients.