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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

4.8
/ 5

RoboMarkets review

Updated on Jul 26, 2024
|
10 mins read

Overview

RoboMarkets, headquartered in Limassol, Cyprus, was founded in 2012 as RoboForex (CY) Ltd. Since its establishment, the company has provided ideal trading conditions for its partners and clients....
See full overview for RoboMarkets
Countries
+23
Devices
Minimum deposit
$100
Our Verdict
4.8
/ 5
Commissions & Fees
4.9
/ 5
Deposit & Withdrawal
4.6
/ 5
Customer Support
4.6
/ 5
Account Opening
4.8
/ 5
Regulation & Safety
4.9
/ 5

Our 5-step process of verification and evaluation – How do we obtain information?

 

General inspection – 30%

Trading experience – 30%

Technical audit – 20%

Collective experience from collaborations with the broker – 10%

Interviews with real traders – 10%

 

See the entire process here.

Pros

  • Demo account available on all trading platforms

  • Provides 24/7 multilingual customer support, including live chat

  • Offers automated dividend payments

  • No inactivity fee or account maintenance charges

  • Ensures all-round platforms security, including 2-step authentication for funds withdrawal

Cons

  • Demands a high minimum deposit

  • Provides services limited to the EU

  • No spread betting

  • Limited social trading features

General details

Type of accounts
Unlimited Demo Accounts
Standard Accounts
ECN accounts
STP accounts
Cent accounts
Swap free accounts
VIP accounts
Micro accounts
Segregated accounts
Execution Model
NDD
ECN
STP
MM
Deposit currency
EUR
USD
GBP
CHF
PLN
CZK
Regulatory complience
CySEC
Deposit payment systems
Withdrawal payment systems
Support Languges
English
Spanish
Italian
Latvian
Lithuanian
German
Portuguese
Czech
Estonian
Autotrading
MQL.5 Signals
Contact details
+357 25 123275

Customer reviews

Read real reviews from traders all over the world:

T
Tre us
11 April 2024
Advantages: *
Disadvantages: *
The RoboMarkets, i started trading with them just thought an ordinary broker but since my personal experience is gaining i started knowing this broker is top notch in every service they offer, highly satisfied with them.
T
Tere Kamm
16 February 2024
Advantages: Good
Disadvantages: None
I have started since the start of the Feburary and my experience is good because i am new trader so whenever need help, Support always steady to assist me.
See all 60 customers reviews

Accounts

Type of Trading Accounts

RoboMarkets provides a selection of trading accounts to meet the requirements of various traders, from novices to seasoned professionals. Below is an overview of the different account types offered by RoboMarkets:

Demo Account

This account was designed to help newbies familiarize themselves with the trading environment and help experts test new trading strategies. Similarly, the RoboMarkets demo account has all the trading parameters of the broker’s live accounts. Every RoboMarket platform, MetaTrader 4, MetaTrader 5, and R StocksTrader, has a demo account that you can use to up your trading skills. Based on our RoboMarkets forex broker review, we deduced that the account is free.

ECN Account

This account is for experienced traders using interbank spreads directly. The ECN account accepts USD, EUR, GBP, CHF, GOLD, and BTC as account currencies and charges minimal fees. Spreads start at 0 pips; however, trading commissions are charged on this platform depending on the trade volume. For every $1 million traded, there is a $20 commission. The account’s minimum order size is 0.01 lots, while its maximum order size is 50 lots. The ECN account allows for using MT4 and MT5 as trading platforms and requires a minimum deposit of $100.

Prime Account

This account suits long-time traders seeking premium trading conditions and specialized assistance. The Prime account has the lowest spreads and commissions and uses USD, EUR, and GOLD as the account currency. The account raises CHF to a supported base currency and requires a minimum deposit of $100. Spreads start at 0 pips and include a $15 commission fee for every $1 million traded. The minimum and maximum trading sizes are 0.01 and 50 lots, respectively.

Pro-Cent Account

This account is made for novice traders who want to start with less risky transactions or for traders who want to test different trading methods. The Pro-Cent account has a $100 minimum deposit requirement and uses US cents as the account currency. With a minimum trading size of 0.1 lots and a maximum trade size of 500 lots, spreads are fixed at 1.3 pips. The MT4 and MT5 trading platforms are available for the account.

Pro Account

This account is made for currency market traders with greater expertise who wish to trade more frequently and in higher amounts. The Pro account has minimal spreads and costs and employs a variety of base currencies as the account currency, including USD, EUR, GBP, CHF, GOLD, and BTC. On this platform, the minimum deposit is $100. This account has no further fees, and spreads start at 1.3 pips. The minimum and maximum trading sizes are 0.01 and 100 lots, respectively. Customers have a choice of two trading platforms: MT4 and MT5.

R Trader Account

This account suits investors who wish to buy stocks, ETFs, and other assets from many international exchanges. The R Trader account blends traditional design, usability, modern technology, and access to the biggest international financial markets. It provides a variety of trading instruments and cheap commissions and employs USD and EUR as the account currency. The account has a $100 minimum deposit and operates on commissions, with spreads starting at 0 pips.

R Trader - RoboMarkets
Swap-free account
Scalping
Hedging
Trading with expert advisers
Trading 24 hours a day
Trailing stop
Deposit currency
USD
EUR
GBP
CHF
Trading instruments
Forex
1:200
Number of currency pairs: 8
AUD
CHF
EUR
GBP
NOK
NZD
SEK
USD
1:20
1:20
1:20
Stop Out
20 %
Minimum position size
0.01 units
Maximum position size
100 units
Execution type
market
Spread type
Floating
Decimal places
5
Margin Call
100 %
Commission
15$/mio; Crypto 0.3%; 0.02 USD per stock
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents
Prime - RoboMarkets
Swap-free account
Scalping
Hedging
Trading with expert advisers
Trading 24 hours a day
Trailing stop
Mailing the documents
Trading Platforms
METATRADER 4 Meta Trader 4 Mobile MetaTrader 4 MultiTerminal
Deposit currency
USD
EUR
GBP
CHF
Trading instruments
Forex
1:100
Number of currency pairs: 6
AUD
CHF
EUR
GBP
NZD
USD
1:100
1:50
1:100
Stop Out
100 %
Minimum position size
0.01 units
Maximum position size
50 units
Execution type
market
Spread type
Floating
Decimal places
5
Margin Call
100 %
Locked Margin Level
25 %
Commission
15$/mio
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents
ECN - RoboMarkets
Scalping
Hedging
Trading with expert advisers
Trading 24 hours a day
Trailing stop
Mailing the documents
Trading Platforms
METATRADER 4 METATRADER 5 Meta Trader 4 Mobile MetaTrader 4 MultiTerminal MetaTrader 5 Mobile
Deposit currency
USD
EUR
GBP
CHF
Trading instruments
Forex
1:300
Number of currency pairs: 7
AUD
CAD
CHF
EUR
GBP
NZD
USD
1:100
1:150
1:100
Stop Out
50 %
Minimum position size
0.01 units
Maximum position size
50 units
Execution type
market
Spread type
Floating
Decimal places
5
Margin Call
100 %
Locked Margin Level
25 %
Commission
20$/mio
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents
Pro-Standard - RoboMarkets
Swap-free account
Scalping
Hedging
Trading with expert advisers
Trading 24 hours a day
Trailing stop
Mailing the documents
Trading Platforms
METATRADER 4 METATRADER 5 Meta Trader 4 Mobile MetaTrader 5 Mobile MetaTrader 4 MultiTerminal
Deposit currency
USD
EUR
GBP
CHF
Trading instruments
Forex
1:500
Number of currency pairs: 7
AUD
CAD
CHF
EUR
GBP
NZD
USD
1:100
1:250
1:100
Stop Out
50 %
Minimum position size
0.01 units
Maximum position size
100 units
Execution type
market
Spread type
Floating
Decimal places
5
Margin Call
100 %
Locked Margin Level
25 %
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents
Pro-Cent - RoboMarkets
Swap-free account
Scalping
Hedging
Trading with expert advisers
Trading 24 hours a day
Trailing stop
Mailing the documents
Trading Platforms
METATRADER 4 METATRADER 5 Meta Trader 4 Mobile MetaTrader 4 MultiTerminal MetaTrader 5 Mobile
Deposit currency
USD
EUR
GBP
CHF
Trading instruments
Forex
1:500
Number of currency pairs: 7
AUD
CAD
CHF
EUR
GBP
NZD
USD
1:250
Stop Out
50 %
Minimum position size
0.1 units
Maximum position size
100 units
Execution type
market
Spread type
Floating
Decimal places
5
Margin Call
100 %
Locked Margin Level
25 %
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents
R Trader - RoboMarkets
Swap-free account
Scalping
Hedging
Trading with expert advisers
Trading 24 hours a day
Mailing the documents
Deposit currency
USD
EUR
GBP
CHF
Trading instruments
Forex
1:200
Number of currency pairs: 13
AUD
CAD
CHF
JPY
NZD
SGD
USD
NOK
SEK
CZK
DKK
HKD
RUB
1:20
1:20
1:20
Stop Out
20%
Minimum position size
0.01 units
Maximum position size
100 units
Execution type
market
Spread type
Floating
Decimal places
5
Margin Call
100%
Commission
15$/mio; Crypto 0.3%; 0.02 USD per stock
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents
Prime - RoboMarkets
Swap-free account
Scalping
Hedging
Trading with expert advisers
Trading 24 hours a day
Trailing stop
Mailing the documents
Trading Platforms
METATRADER 4 Meta Trader 4 Mobile MetaTrader 4 MultiTerminal
Deposit currency
EUR
USD
GBP
CHF
Trading instruments
Forex
1:100
Number of currency pairs: 6
AUD
CAD
CHF
JPY
NZD
USD
1:100
1:50
1:100
Stop Out
100%
Minimum position size
0.01 units
Maximum position size
50 units
Execution type
market
Spread type
Floating
Decimal places
5
Margin Call
100%
Locked Margin Level
25%
Commission
15$/month
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents
ECN - RoboMarkets
Scalping
Hedging
Trading with expert advisers
Trading 24 hours a day
Trailing stop
Mailing the documents
Trading Platforms
METATRADER 4 METATRADER 5 Meta Trader 4 Mobile MetaTrader 4 MultiTerminal MetaTrader 5 Mobile
Deposit currency
USD
EUR
GBP
CHF
Trading instruments
Forex
1:300
Number of currency pairs: 13
AUD
CAD
CHF
JPY
NZD
USD
EUR
GBP
PLN
TRY
MXN
RUB
ZAR
1:100
1:150
1:100
Stop Out
50%
Minimum position size
0.01 units
Maximum position size
50 units
Execution type
market
Spread type
Floating
Decimal places
5
Margin Call
100%
Locked Margin Level
25%
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents
Pro-Standard - RoboMarkets
Swap-free account
Scalping
Hedging
Trading with expert advisers
Trading 24 hours a day
Trailing stop
Mailing the documents
Trading Platforms
METATRADER 4 METATRADER 5 Meta Trader 4 Mobile MetaTrader 5 Mobile MetaTrader 4 MultiTerminal
Deposit currency
USD
EUR
GBP
CHF
Trading instruments
Forex
1:500
Number of currency pairs: 13
AUD
CAD
CHF
JPY
NZD
USD
EUR
GBP
PLN
TRY
MXN
RUB
ZAR
1:100
1:250
1:100
Stop Out
50%
Minimum position size
0.01 units
Maximum position size
100 units
Execution type
market
Spread type
Floating
Decimal places
5
Margin Call
100%
Locked Margin Level
25%
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents
Pro-Cent - RoboMarkets
Swap-free account
Scalping
Hedging
Trading with expert advisers
Trading 24 hours a day
Trailing stop
Mailing the documents
Trading Platforms
METATRADER 4 METATRADER 5 Meta Trader 4 Mobile MetaTrader 4 MultiTerminal
Deposit currency
USD
EUR
GBP
CHF
Trading instruments
Forex
1:500
Number of currency pairs: 13
AUD
CAD
CHF
JPY
NZD
USD
EUR
GBP
PLN
TRY
MXN
RUB
ZAR
1:25
Stop Out
50%
Minimum position size
0.1 units
Maximum position size
100 units
Execution type
market
Spread type
Floating
Decimal places
5
Margin Call
100%
Locked Margin Level
25%
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents

Tradable instruments

Tradable instruments on Robo Markets trading platforms include:

Currencies
40
Stocks
3000
Indices
3
Commodities
3
Cryptocurrencies
N/A
ETF
100

Frequently asked questions

Find the right answer to your question below.

Is RoboMarkets a trusted broker?

Yes, RoboMarket is a trusted broker. RoboMarket was established in 2012 and has since maintained its standard as a reputable and reliable broker. Its regulatory license and impeccable reputation over a decade prove the broker can be trusted. Online reviews and ratings also suggest that RoboMarket is a reliable broker.

Is RoboMarkets good for beginners?

Yes, a great demo account is offered by the broker. RoboMarket was designed with beginners in mind, so there are accounts suited to new traders. But be sure to pay attention to which account you pick, as some accounts are better for non-novices. The RoboMarkets demo account is a good place to begin your trading journey as a novice. The account will help sharpen your skills and familiarize you with the settings of the trading environment at no cost.

What is the minimum deposit for RoboMarkets?

RoboMarkets broker has a minimum deposit of 100 USD/EUR/GBP or its equivalent in other currencies. If you are open to trading and have this minimum deposit, then Robo Market is the place to begin your journey. The minimum deposit will help you maximize the trading opportunities on the platform.

What's the difference between RoboForex vs RoboMarkets?

RoboForex, the leading international multi-asset broker, is the parent company of RoboMarkets. Roboforex has created multiple subsidiaries on different continents to extend its reach to clients in different parts of the world. Thus, RoboMarkets is the EU subsidiary of RoboForex. Therefore, both entities share an identical core trading environment and offerings.

Is RoboMarkets regulated in the USA?

No, RoboMarkets is regulated by CySEC under license No. 191/13. The broker is subject to CySEC; hence, it’s the responsibility of CySEC to regulate and control RoboMarkets, its subsidiaries, offices, and operations. CySEC is also in charge of developing and implementing laws that ensure the activities of RoboMarkets remain transparent.

RoboMarkets compared with alternative brokers

To see the full broker review click “See review”, to see the complete table and compare more brokers visit our Comparison page.

  • Overall verdict
  • Trading
  • Minimum deposit
  • Maximum leverage
  • Fees
  • Withdrawal fee
  • Deposit fee
  • Safety
  • Top-tier regulators
  • Investor protection
  • 4.8
    / 5
  • 4.6
    / 5
  • $100
  • 1:2000
  • 4.9
    / 5
  • N/A
  • N/A
  • 4.9
    / 5
  • N/A
  • No
  • See review
Exness
  • Specialized trading accounts
  • 24/7 instant money withdrawal
  • Free VPS hosting
  • 4.9
    / 5
  • 4.9
    / 5
  • $10
  • 1:2000
  • 4.8
    / 5
  • $0
  • $0
  • 4.6
    / 5
  • FCA, CYSEC
  • No
  • See review
Alpari
  • Specialized trading accounts
  • Free VPS hosting
  • 24/7 instant money withdrawal
  • 4.5
    / 5
  • 4.5
    / 5
  • $5
  • 1:1000
  • 4.5
    / 5
  • $0
  • $0
  • 4.5
    / 5
  • No
  • No
  • See review
XM
  • Specialized trading accounts
  • Free VPS hosting
  • 24/7 instant money withdrawal
  • 4.5
    / 5
  • 4.6
    / 5
  • $5
  • 1:888
  • 4.3
    / 5
  • $0
  • $0
  • 4.7
    / 5
  • ASIC, FSC, CYSEC
  • Yes
  • See review
FxPro
  • 24/7 instant money withdrawal
  • Specialized trading accounts
  • Free VPS hosting
  • High leverage
  • 4.8
    / 5
  • 4.9
    / 5
  • $100
  • 1:10000
  • 4.7
    / 5
  • $0
  • $0
  • 4.8
    / 5
  • FCA
  • Yes
  • See review
Choose brokers to compare RoboMarkets to
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