RoboForex is an award-winning forex broker established in 2009. It offers access to a variety of asset classes and over 12,000+ instruments to trade including; currencies, stocks, indices, ETFs, commodities, energies, metals, and cryptocurrencies.
RoboForex provides its clients with a number of great trading tools and services some of which includes; access to an advanced proprietary trading platform and third-party trading platforms; low latency and fast order execution; quality educational material and research tools, 24/7 online client support team and more.
Table of Contents
RoboForex Overview
| Broker | RoboForex |
|---|---|
| Established | 2009 |
| Head Office | 2118 Guava Street, Belama Phase 1, Belize City, Belize |
| Regulations | IFSC (International Financial Services Commission) Belize |
| Trading Desk Type | Dealing Desk, No Dealing Desk, ECN, STP, Market Maker |
| Trading Platforms | MetaTrader4, MetaTrader5, cTrader, R WebTrader, R Mobile Trader, R Trader |
| Mobile Trading | iOS and Android |
| PC Trading | Windows, Mac, and Web Trading |
| Minimum deposit | $10 |
| Maximum Leverage | 1:2000 |
| Minimum trade size | 0.01 |
| Demo Account | Available – Open Demo Account |
| US Clients | No |
| Account Currencies | USD, EUR, RUB, CNY, GOLD |
| Payment/ Withdrawal Methods | Visa, MasterCard, Neteller, Skrill, PayPal, Poli, Bank Transfer |
| Scalping | Yes |
| Hedging | Yes |
| Instruments | Forex, CFDs |
| Available Assets | Currencies, Stocks, Indices, ETFs, Commodities, Energies, Metals, Cryptocurrencies |
| Investment Products | CopyFX, RAMM |
| Languages | English, Spanish, Chinese, Indonesian, Italian, Thai, Malaysian, Arabic, Portuguese, Polish, Ukrainian, Malaysian, and Russian |
Pros & Cons
Pros
- Licensed and Regulated under IFSC (International Financial Services Commission) Belize
- Fast account registration.
- Wide range of asset classes including forex, stocks, indices, ETFs, soft commodities, energy, metals, and cryptocurrencies.
- The client’s funds are segregated.
Cons
- Does not accept US traders.
- The broker is regulated but not in a jurisdiction with strong client protection.
- Limited range of instrument types.
License and Regulation.
RoboForex is licensed and regulated under the IFSC – International Financial Services Commission with license number 000138/107. As a financial regulatory body, IFSC regulates and ensures that financial institutions comply with the set law and orders that protect consumers.
Account Types
Using RoboForex, clients have the option of choosing from multiple account types, designed to suit different trading needs. The account types available on RoboForex are the;
- Prime Account – Best for advanced traders who want the best trading conditions on the brokerage platform.
- ECN Account – Best for professionals, who prefer the best trading conditions available (tightest spreads, high execution speed, etc).
- R Trader Account – Best for experienced traders who want to trade different markets from a single account.
- Pro-Cent Account – Best for beginners and expert traders who want to test strategies on the live market using very little capital.
- Pro-Standard Account – Suitable for beginner and expert traders who want optimal trading conditions.
Prime Account Details
| Account Type | Prime Account |
|---|---|
| Trading Platforms | MetaTrader4, MetaTrader5, R WebTrader, R Mobile Trader, R Trader |
| Trading instruments | Currency Pairs, Metals, US stocks, Indices, Oil, Cryptocurrencies |
| Minimum deposit | 10 USD / 10 EUR |
| Spread | Floating from 0 pips |
| Maximum leverage | 1:300 |
ECN Account Details
| Account Type | ECN Account |
|---|---|
| Trading Platforms | MetaTrader4, MetaTrader 5, cTrader, R WebTrader, R Mobile Trader, R Trader |
| Asset Classes | Currency Pairs, Metals, Stocks, Indices, Oil and Cryptocurrencies |
| Minimum deposit | 10 USD / 10 EUR |
| Spread | Floating from 0 pips |
| Maximum leverage | 1:500 |
R Trader Account Details
| Account Type | R Trader Account |
|---|---|
| Trading Platforms | R Trader |
| Trading instruments | Indices, Cryptocurrencies, Real stocks, stocks, Forex and ETF, Oil, and Metals |
| Minimum deposit | 100 USD |
| Spread | |
| Maximum leverage | 1:300 |
Pro-Cent Account Details
| Account Type | Pro-Cent Account |
|---|---|
| Trading Platforms | MetaTrader4, Metatrader5, R WebTrader, R Mobile Trader, R Trader |
| Trading instruments | Currency Pairs, Metals, and Cryptocurrencies |
| Minimum deposit | 10 USD / 10 EUR |
| Spread | |
| Maximum leverage | 1:2000 |
Pro-Standard Account Details
| Account Type | Pro-Standard Account |
|---|---|
| Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader, R WebTrader, R Mobile Trader, R Trader |
| Trading instruments | Currency Pairs, Metals, US stocks, Indices, Oil, Cryptocurrencies |
| Minimum deposit | 10 USD / 10 EUR |
| Spread | |
| Maximum leverage | 1:2000 |
Islamic Account
RoboForex offers an Islamic swap-free account for traders with Islamic beliefs, as Islamic Sharia law prohibits the accumulation of interest. Instead of the swap, the account holder is charged a fixed commission, which depends only on the type of currency pair and the number of open lots, but not on the issuing banks’ interest rates.
Demo Account
RoboForex offers demo trading accounts to their clients which share similar characteristics to a real trading account. This is vital as traders can familiarise themselves with the broker or test trading strategies in real time without the need to risk real capital on the live markets.
Unlike most brokers, RoboForex demo trading accounts come in different versions, which follow a similar structure to the broker account types, these include;
- Demo Pro – Similar trading conditions as the Pro-Standard account.
- Demo R Trader – Similar trading conditions as the R Trader account.
- Demo Pro-Cent. Similar trading conditions as the Pro-Cent account.
- MT4 Demo – Similar trading conditions as the Prime account.
- MT5 Demo – Similar trading conditions as the ECN account.
Asset Classes
Pepperstone offers a wide range of over 8 market classes which is great for traders who are looking to diversify into different markets but from the comfort of a single account. Assets offered on Pepperstone include;
- Forex
- Stocks
- Indices
- ETFs
- Soft commodities
- Energy
- Metals and
- Cryptocurrencies.
Deposit & Withdrawals
RoboForex offers a bunch of deposit and withdrawal methods which is great for traders who want to fund their trading account using their preferred deposit method. The payment systems covered include bank payments, card payments (credit & debit), electronic payments, cash, and vouchers.
- Bank Payments – Bank transfer, Local bank transfers, Sofort, Giropay, iDEAL, EPS, Rapid Transfer, Trustly, Nordea SOLO, Santander, HSBC, Caixa, Boleto, Santander Rio, Bancolombia, PSE, China UnionPay, Banco Do Brasil, Bradesco, ITAU, POLi, Webpay, Tinkoff, Local Banks, Multibanco, Spei.
- Electronic Payments – Webmoney, Skrill, Neteller, Perfect Money, AdvCash, Fasapay, QIWI Wallet, Yandex.Money, Mobile Money, WeChat Pay, ecoPayz, AstroPay.
- Card Payments – VISA, Mastercard, JCB China UnionPay.
- Cash and Vouchers – Efecty, Davivienda, Almancense Exito, Carulla, Edeq, (Empresa De Energia Del Quindio), Surtimax, Pago Facil, Rapi Pago, ServiPag, Red Pagos, Barnote, Bancomer, OXXO, Pago Efectivo, Western Union.
Trading Platforms
RoboForex provides its users with an advanced proprietary trading platform (R Trader), along with a variety of other industry-standard third-party trading platforms. This is great for traders who want to choose their preferred third-party trading platform or stick with the broker’s proprietary trading platform. The trading platforms available on RoboForex include;
- R Trader (Proprietary trading platform)
- MetaTrader 4
- MetaTrader 5
- cTrader
RoboForex Trading Platform Details
| PC Platform: | Yes |
| Mobile Platform: | Yes |
| Web Platform: | Yes |
| Social Trading: | Yes |
| Copy-Trading: | Yes |
| Proprietary: | Yes |
| MetaTrader4 (MT4): | Yes |
| MetaTrader5 (MT5): | Yes |
| cTrader: | Yes |
| ZuluTrade: | No |
| Order Types: | Market, pending and stop and trailing stop orders. |
Customer Support
RoboForex offers a 24/7 customer support team with support in over 15 languages around the world including English, Chinese, Thai, Malay, Taiwanese, Ukrainian, Russian, Arabic, Indonesian, Czech and Kazakh. The support team can be reached via live chat, e-mail and telephone.
Summary
RoboForex has grown to be a well-rounded Forex and CFD broker since it was established in 2009 which can be seen from the several awards they’ve won over the years along with their ever-growing client base.
The broker is suitable for all levels of traders as they offer a flexible structure of account types, industry-standard trading platforms, a massive range of over 12,000+ instruments along with tight spreads and fast order execution.
Speaking of safety and reliability, RoboForex is fully regulated by the IFSC, which indicates the reliability and safety of the broker as the IFSC functions on a special code of conduct, which is aimed at protecting the interest of consumers, by enforcing safety and standards as well ensuring compliance.