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.
RoboMarkets review
Overview
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
Customer reviews
score
Read real reviews from traders all over the world:
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.
Tradable instruments
Tradable instruments on Robo Markets trading platforms include:
Frequently asked questions
Find the right answer to your question below.
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.
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.
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.
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.
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
-
4.9/ 5
-
4.9/ 5
- $10
- 1:2000
-
4.8/ 5
- $0
- $0
-
4.6/ 5
- FCA, CYSEC
- No
-
See review
-
4.5/ 5
-
4.5/ 5
- $5
- 1:1000
-
4.5/ 5
- $0
- $0
-
4.5/ 5
- No
- No
-
See review
-
4.5/ 5
-
4.6/ 5
- $5
- 1:888
-
4.3/ 5
- $0
- $0
-
4.7/ 5
- ASIC, FSC, CYSEC
-
See review
-
4.8/ 5
-
4.9/ 5
- $100
- 1:10000
-
4.7/ 5
- $0
- $0
-
4.8/ 5
- FCA
-
See review