Is it worth choosing RoboForex? Full review of the broker's services and features

06, Jan - REVIEWS

RoboForex, founded in 2009, is rapidly gaining popularity and attracting traders from all over the world. Today the number of client accounts has exceeded 3 million, and this figure is growing by more than 100,000 every year. The broker is notable for its high reliability, confirmed by the IFSC Belize licence, as well as participation in the Compensation Fund of the Financial Commission with protection up to 20,000 euros.

Despite its relatively young age, RoboForex successfully demonstrates an innovative approach to providing financial services. The broker has developed a flexible system of trading accounts and offers a wide range of trading platforms suitable for both novice traders and professionals. Clients get access to a unique range of assets, which sets RoboForex apart from its competitors. In addition to the variety of instruments, RoboForex clients enjoy a number of benefits, including welcome bonuses, commission-free deposits and withdrawals, cashback programmes and coupons. The company actively invests resources in the development of training materials, investment ideas and services that simplify trading.

RoboForex trading conditions

RoboForex offers trading conditions that will suit both beginners and professional traders. It is noteworthy that for a number of instruments the broker provides no spreads, high leverage up to 1:2000 and lightning-fast order execution in just 0.1 seconds. For those who prefer the currency market, more than 40 currency pairs are available.

If you are attracted to stocks of the world's largest companies, there are over 10,000 instruments with leverage up to 1:20. In addition, clients can trade ETFs, commodities, precious metals and energy, including fuel oil, gas and oil. The minimum lot size is just 0.01, making trading accessible even for beginners. For accurate calculations up to 5 decimal places are provided, and EUR, USD, RUB and even GOLD are available as base currencies for accounts.

RoboForex trading platforms

RoboForex provides its clients with a wide range of trading terminals to satisfy both beginners and professional traders. Let's start with the established market favourites - MetaTrader 4 and MetaTrader 5. MetaTrader 4 (MT4) is a classic for Forex traders. This terminal offers three order execution modes, about 50 built-in indicators and the ability to automate trading using algorithms.

MetaTrader 5 (MT5) is a more modern and advanced solution that includes 4 order execution modes, 6 types of pending orders, a wide range of trading robots, a multi-currency strategy tester and virtual hosting for uninterrupted operation of the systems. Mobile and browser-based versions are also available for flexibility and convenience. For those who are looking for new opportunities, RoboForex offers R Trader - a universal platform for the stock market. This terminal includes more than 50 technical indicators, 14 timeframes, smart charts, rare order types, as well as a mobile app and web version.

In addition, the company has developed its own platforms - R WebTrader and R MobileTrader. They are designed for easy access to MT4 trading accounts from any device. These solutions are equipped with 13 technical indicators, 9 chart analysis tools and functionality for quick deposit, switching between accounts and receiving analytics.

RoboForex account types

RoboForex provides its clients with a wide range of trading accounts designed to meet the experience and needs of different categories of traders. Pro-Standard is a universal choice for traders with any experience. With a minimum deposit of only 10 USD/EUR, the account offers over 33 currency pairs, metals and CFDs. Orders are executed on the market, with a floating spread starting from 1.3 pips, and leverage reaches 1:2000. A pleasant addition will be bonuses, flexible conditions on orders and trading volumes.

Cent accounts are an excellent start for beginners who want to minimise risks. With a deposit of 10 USD/EUR, the equivalent of 1,000 cents is credited to the account, which allows you to hone your skills on the real market with minimal expenses. ECN-accounts are designed for experienced traders who are interested in narrow spreads (from 0 pips) and favourable trading conditions. The initial deposit is only 10 dollars, and the commission for trading volume of 1 million dollars is 20 dollars.

Prime accounts are a choice for VIP-clients, offering maximum privileges: spreads from 0 pips, instant execution of orders, commission-free withdrawal of funds and even cashback up to 10%. Accounts are available in USD, EUR, RUB or GOLD currencies, with a dedicated MT4 server and improved conditions for professionals. Swap-free (Islamic) accounts are ideal for clients who are not allowed to use swaps due to their religious beliefs. Instead, a fixed commission is provided, making trading easier.

Withdrawals at RoboForex

The broker offers deposit/withdrawal of funds via more than 20 payment systems, including banks, electronic payment systems (WebMoney, Perfect Money, ecoPayz, etc.) and bank cards. All commissions for depositing funds are withdrawn by the broker. Cash withdrawal without commission is possible twice a month - on the first and third Tuesday. Besides, there is a possibility of quick deposit/withdrawal via Skrill and NETELLER.

Traders training

RoboForex actively develops several platforms for training the new generation of traders. The company's blog regularly publishes news articles for traders with different skills and experience, as well as reviews of Expert Advisors, indicators and trading strategies. The same information is published on the company's YouTube channel in the form of videos. 

In addition to creating educational videos, the company's analysts analyse the Forex market on a weekly basis. These two platforms and the company's profiles in social networks help traders to share their experience, communicate with each other, interact with colleagues and representatives of the company. The copy-trading service deserves special attention. If you have no trading experience, you can make profit by copying trades of successful traders and paying them a small commission.

Is it worth trading with RoboForex?

In the review, we briefly looked at different aspects of working with the broker and made sure that it creates a powerful trading and investment platform for traders with completely different preferences, goals, experience and skills. The broker offers its clients to choose a suitable trading account and trade through a user-friendly platform with the most profitable trading assets. You can get started with minimal investments, but your prospects will be far from minimal. It is up to you, but if you choose this broker, we wish you a successful cooperation with RoboForex!