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Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks

4.9
/ 5

RoboForex review

trusted
By azeshan
Updated on Aug 26, 2024
|
14 mins read

Overview

There are many brokers on the market, and choosing the right one for your needs is key. Getting your choice wrong could lead to a negative experience. However,...
See full overview for RoboForex
Countries
+134
Devices
Minimum deposit
$10
Withdrawal fee
1%
Deposit fee
$0
Max insured
Yes
Our Verdict
4.9
/ 5
Commissions & Fees
4.8
/ 5
Deposit & Withdrawal
5
/ 5
Customer Support
4.9
/ 5
Account Opening
4.9
/ 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

  • Extensive Range of Tradable Instruments

  • Competitive Trading Conditions & Accounts

  • Versatile Trading Platforms

  • Multilingual Customer Support

  • Excellent Customer Protection

  • Copy Trading Option

  • 0% Commission on Withdrawals

  • Educational Resources

Cons

  • Regulated by an Offshore Regulator

  • Limited Demo Account

General details

Type of accounts
ECN accounts
Execution Model
ECN
Deposit currency
USD
Regulatory complience
Deposit payment systems
Withdrawal payment systems
Support Languges
English
Autotrading
CopyFX MT5 EA MT4 EA R StocksTrader RAMM
Contact details
+593 964 256 286

Customer reviews

Read real reviews from traders all over the world:

H
Helena Scholes
10 May 2024
Advantages: ok
Disadvantages: non
“If you have experienced substantial financial loss as a result of fraudulent investments, it is crucial to take prompt action. Prioritize conducting comprehensive research, validating the credential of any recovery service you may be considering, and obtaining recommendations from reliable sources before proceeding with their assistance. I have come across positive feedback about B s b F o r e n s i c. c 0 m , which may be worth exploring.”
D
Datr Detre
9 May 2024
Advantages: Spread
Disadvantages: None
I like to to trade my trading style on small time entrance and exits and this broker never regret me so i am with RoboForex for now...
See all 102 customers reviews

Accounts

RoboForex Trading Account Types

RoboFX offers five types of accounts: Prime, ECN, R StocksTrader, ProCent, and Pro. These five types offer both demo trading and real trading. Real trading is for traders who want to start trading immediately with real money. The demo trading is for beginners and traders who want to experiment with new trading strategies. Trading is open 24 hours a day from 12:00:01 AM (Eastern European Time) Monday to 11:58:59 PM (Eastern European Time) Friday.

Prime

The prime trading account is ideal for beginners and experienced traders. It offers trading instruments in 28 currency pairs, metals, CFDs on US stocks, indices and oil. The RoboForex minimum deposit is 10 USD/10 EUR and a floating spread starting from 0 pips. The account provides a commission for a trading volume of 1 million USD and offers maximum leverage of 1:300

ECN

The Robo Forex ECN trading account is ideal for experienced traders who want competitive trading conditions and high trading execution speed. It offers trading instruments in 36 currency pairs and metals. The minimum deposit is 10 USD/10 EUR and a floating spread starting from 0 pips. The account provides a commission for a trading volume of 1 million USD and offers a maximum leverage of 1:500

R StocksTrader

The R StocksTrader is a trading account type only accessible via the R WebTrader and R MobileTrader. It offers over 12,000 trading instruments in forex, indices, stocks, CFDs, EFTs and metals. It is ideal for traders using automated (algorithmic) trading strategies. The RoboForex minimum deposit is 100 USD, and a spread starts from 0.01 USD. The account offers maximum leverage of 1:300.

ProCent

The Robo Forex ProCent trading account is for beginners transitioning from demo account trading to real trading with small sums of money. It offers trading instruments in 36 currency pairs and metals. The RoboForex minimum deposit is 10 USD/10 EUR, and a floating spread starts from 1.3 pips. The account offers maximum leverage of 1:2000.

Pro

The Pro trading account is the perfect choice for beginners. It allows them to trade on a wide range of assets. It offers trading instruments in 28 currency pairs, metals, CFDs on US stocks, indices and oil. The RoboForex minimum deposit is 10 USD/10 EUR, and a floating spread starts from 1.3 pips. The account offers maximum leverage of 1:2000.

R Trader - RoboForex
test 124124
Swap-free account
Scalping
Hedging
Trading with expert advisers
Mailing the documents
Deposit currency
USD
EUR
Trading instruments
Forex
1:200
Number of currency pairs: 9
AUD
CAD
CHF
EUR
GBP
NOK
NZD
SEK
USD
1:20
Stop Out
20 %
Minimum position size
0.01 units
Maximum position size
100 units
Execution type
market
Spread type
Floating
Decimal places
4
Margin Call
100 %
Commission
15$/mio; Crypto 0.3%; 0.02 USD per stock
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents
Prime - RoboForex
Swap-free account
Scalping
Hedging
Trading with expert advisers
Trading 24 hours a day
Trailing stop
Mailing the documents
Trading Platforms
METATRADER 4 Meta Trader 4 Mobile MetaTrader 4 MultiTerminal
Deposit currency
USD
EUR
Trading instruments
Forex
1:100
Number of currency pairs: 7
AUD
CAD
CHF
EUR
GBP
NZD
USD
1:100
1:50
1:100
Stop Out
100 %
Minimum position size
0.01 units
Maximum position size
50 units
Execution type
market
Spread type
Floating
Decimal places
5
Margin Call
100 %
Locked Margin Level
25 %
Commission
15/mio
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents
ECN Account - RoboForex
Scalping
Hedging
Trading with expert advisers
Trading 24 hours a day
Trailing stop
Mailing the documents
Trading Platforms
METATRADER 4 METATRADER 5 Meta Trader 4 Mobile MetaTrader 4 MultiTerminal MetaTrader 5 Mobile cTrader
Deposit currency
USD
EUR
Trading instruments
Forex
1:300
Number of currency pairs: 7
USD
EUR
NZD
GBP
CAD
AUD
CHF
1:100
1:150
1:100
Stop Out
40%
Minimum position size
0.01 units
Maximum position size
50 units
Execution type
market
Spread type
Floating
Decimal places
5
Margin Call
60%
Locked Margin Level
25%
Commission
20$/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 - RoboForex
Test 12
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 cTrader
Deposit currency
USD
EUR
Trading instruments
Forex
1:2000
Number of currency pairs: 7
USD
EUR
CAD
CHF
GBP
NZD
AUD
1:100
1:500
1:100
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
50%
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 - RoboForex
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
Trading instruments
Forex
1:2000
Number of currency pairs: 7
AUD
CAD
CHF
EUR
GBP
NZD
USD
1:500
Stop Out
10%
Minimum position size
0.01 units
Maximum position size
100 units
Execution type
market
Spread type
Floating
Decimal places
5
Margin Call
40%
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 RoboForex trading platforms include:

  • Metals
  • Energy commodities
Currencies
40
Stocks
12000
ETF
1000
Commodities
100
Indices
N/A

Frequently asked questions

Find the right answer to your question below.

What regulatory bodies oversee RoboForex?

RoboForex is regulated by an offshore regulator, the Financial Services Commission (FSC) of Belize. While choosing an offshore regulator may not be for everyone, this broker does have additional measures in place for client safety. These include negative balance protection and it is part of the Financial Commission’s Compensation Fund.

What trading platforms does RoboForex offer?

You can choose from a range of trading platforms. These include industry-standard MetaTrader 4 & 5, along with R StocksTrader and R Mobile Trader. You can use these platforms across multiple devices, and they’re available on both iOS and Android. 

This diverse range of platforms gives you the choice of trading either at your desk or on-the-go. It also means you’ll never miss a great trading opportunity.

What account types does RoboForex offer?

RoboForex offers several types of accounts that cater for different trading levels and styles. The Prime account is the best option for beginners, which offers raw spreads at 0.0 pips and low commissions. However, the R StocksTrader is an ideal option for more experienced or professional traders. This account allows you to choose from more than 12,000 CFDs.

What funding and withdrawal options are available with RoboForex?

A big advantage of choosing RoboForex is its fast withdrawal services. It also offers several withdrawal options, including credit and debit cards, bank transfers, and e-wallets. This ensures you can access your earnings quickly and without additional red-tape.

Therefore before you trade with RoboForex, contact the broker’s customer support to ascertain the withdrawal fees of your preferred withdrawal method. You can also read through our Robo Forex review above for valuable information about this broker.

Does RoboForex offer educational resources for traders?

Yes, RoboForex has a range of educational resources available for all trading levels. These include e-books, videos, and articles. There is also a very in-depth FAQs section, if you simply need a quick answer to a common question. 

Some RoboForex reviews state that there could be more resources on offer compared to other brokers. However, the range available is sufficient for beginner and experienced brokers.

RoboForex 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
RoboForex
  • Free VPS hosting
  • 24/7 instant money withdrawal
  • Specialized trading accounts
  • 4.9
    / 5
  • 5
    / 5
  • $10
  • 1:2000
  • 4.8
    / 5
  • 1%
  • $0
  • 4.9
    / 5
  • No
  • Yes
  • 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
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
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
Libertex
  • Specialized trading accounts
  • 24/7 instant money withdrawal
  • Proprietary platform
  • Mobile trading
  • 3.7
    / 5
  • 4.8
    / 5
  • €100
  • 1:600
  • 4.2
    / 5
  • $0
  • $0
  • 2.6
    / 5
  • CySEC
  • Yes
  • See review
Choose brokers to compare RoboForex to
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