RoboForex Review

RoboForex is an award-winning forex broker established in 2009. They offer 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 their 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.

RoboForex Broker Details

BrokerRoboForex
Established2009
Head Office2118 Guava Street, Belama Phase 1,
Belize City, Belize
RegulationsIFSC (International Financial Services Commission) Belize
Trading Desk TypeDealing Desk, No Dealing Desk, ECN, STP, Market Maker
Trading PlatformsMetaTrader4, MetaTrader5, cTrader, R WebTrader,
R Mobile Trader, R Trader
Mobile TradingiOS and Android
PC TradingWindows, Mac and Web Trading
Minimum deposit$10
Maximum Leverage1:2000
Minimum trade size0.01
Demo AccountAvailable – Open Demo Account
US ClientsNo
Account CurrenciesUSD, EUR, RUB, CNY, GOLD
Payment/ Withdrawal MethodsVisa, MasterCard, Neteller,
Skrill, PayPal, Poli, Bank Transfer
ScalpingYes
HedgingYes
InstrumentsForex, CFDs
Available AssetsCurrencies, Stocks, Indices, ETFs, 
Commodities, Energies, Metals, Cryptocurrencies
Investment ProductsCopyFX, RAMM
LanguagesEnglish, Spanish, Chinese, Indonesian, Italian,
Thai, Malaysian, Arabic, Portuguese, Polish,
Ukrainian, Malaysian and Russian

RoboForex Pros & Cons

Pros

  • Licensed and Regulated under IFSC (International Financial Services Commission) Belize
  • Fast account registration.
  • Wide range of assets classes including forex, stocks, indices, ETFs, soft commodities, energy, metals and cryptocurrencies.
  • Clients 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.

RoboForex 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.

RoboForex 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 TypePrime Account
Trading PlatformsMetaTrader4, MetaTrader5, R WebTrader,
R Mobile Trader, R Trader
Trading instrumentsCurrency Pairs, Metals, US stocks, Indices,
Oil, Cryptocurrencies
Minimum deposit10 USD / 10 EUR
SpreadFloating from 0 pips
Maximum leverage1:300

ECN Account Details

Account TypeECN Account
Trading PlatformsMetaTrader4, MetaTrader 5, cTrader,
R WebTrader, R Mobile Trader, R Trader
Asset ClassesCurrency Pairs, Metals, Stocks, Indices,
Oil and Cryptocurrencies
Minimum deposit10 USD / 10 EUR
SpreadFloating from 0 pips
Maximum leverage1:500

R Trader Account Details

Account TypeR Trader Account
Trading PlatformsR Trader
Trading instrumentsIndices, Cryptocurrencies, Real stocks,
stocks, Forex and ETF, Oil and Metals
Minimum deposit100 USD
Spread
Maximum leverage1:300

Pro-Cent Account Details

Account TypePro-Cent Account
Trading PlatformsMetaTrader4, Metatrader5, R WebTrader,
R Mobile Trader, R Trader
Trading instrumentsCurrency Pairs, Metals and Cryptocurrencies
Minimum deposit10 USD / 10 EUR
Spread
Maximum leverage1:2000 

Pro-Standard Account Details

Account TypePro-Standard Account
Trading PlatformsMetaTrader 4, MetaTrader 5, cTrader,
R WebTrader, R Mobile Trader, R Trader
Trading instrumentsCurrency Pairs, Metals, US stocks,
Indices, Oil, Cryptocurrencies
Minimum deposit10 USD / 10 EUR
Spread
Maximum leverage1:2000 

RoboForex Islamic Account

RoboForex offers an Islamic swap-free account for traders with Islamic beliefs, as the 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 number of open lots, but not on the issuing banks’ interest rates.

RoboForex Demo Account

RoboForex offers demo trading accounts to their clients which shares similar 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 follows a similar structure to the broker account types, these includes;

  • 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 Offered By RoboForex

Pepperstone offers a wide range of over 8 markets 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.

RoboForex Payments: 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.

RoboForex 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 brokers 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.

RoboForex 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.

RoboForex FAQ

Is RoboForex regulated?

RoboForex is licensed and regulated under the IFSC – International Financial Services Commission with license number 000138/107.

Is RoboForex a good broker?

RoboForex is a great broker all around and stands among other industry-standard brokers with the great trading services they offer, these include; great trading conditions, advanced trading platforms, fast trade executions, among others. They are also licensed and regulated under the IFSC (International Financial Services Commission) Belize with license number 000138/107.

Is RoboForex an ECN broker?

RoboForex is an STP/ECN broker, this means they offer both trading desk types through the different account types.

What is RoboForex minimum deposit?

RoboForex accepts a minimum deposit of $10. This applies to all account types they offer except the R Trader account which accepts a minimum deposit of $100.

How long do withdrawals take on RoboForex?

Withdrawal applications on RoboForex are processed within two business days from 9:00 AM to 6:00 PM (EET). 

Does RoboForex accept US traders?

No, RoboForex does not accept US traders.

How do I open a RoboForex live account?

To open a RoboForex account, you need to;

  • Visit their official website.
  • Click on Register on the top right corner of the homepage
  • Decide your choice of; trading terminal, account base currency, and leverage value, after which you can now open a corresponding trading account.

Does RoboForex allow scalping?

Yes, RoboForex allows scalping.

Does RoboForex allow hedging?

Yes, RoboForex allows hedging.