RoboForex Broker Review

Is RoboForex a scam?

RoboForex is an online broker that provides trading services in various financial markets, including forex, stocks, indices, and cryptocurrencies. As a regulated broker, RoboForex operates under strict guidelines to ensure the safety and security of its clients’ funds and the integrity of its trading services.

Regulation:

RoboForex operates under several regulatory authorities, including the International Financial Services Commission (IFSC) in Belize, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, and the Financial Services Authority (FSA) in Seychelles. These regulatory bodies are responsible for overseeing the operations of the broker and ensuring that it complies with the relevant laws and regulations.

Safety:

To ensure the safety of its clients’ funds, RoboForex segregates client funds from its operational funds and maintains them in separate accounts with reputable financial institutions. Additionally, the broker provides negative balance protection, ensuring that clients’ account balances cannot go below zero, even during periods of extreme market volatility.

RoboForex also employs advanced security measures to protect its clients’ personal and financial information, including SSL encryption and two-factor authentication. The broker also undergoes regular security audits to identify and address potential vulnerabilities.

Overall, as a regulated broker, RoboForex prioritizes the safety and security of its clients’ funds and information, providing a reliable and trustworthy trading environment.

RoboForex Trading Platforms

RoboForex offers a variety of trading platforms that cater to the needs of different types of traders, including beginners and experienced traders. The broker provides both proprietary and third-party trading platforms, each with its unique features and advantages.

Here are the main trading platforms offered by RoboForex:

1. MetaTrader 4 (MT4): MT4 is a popular trading platform used by millions of traders worldwide. It offers a wide range of features, including advanced charting tools, technical indicators, and automated trading capabilities through expert advisors (EAs). MT4 is available in desktop, web, and mobile versions, making it easy for traders to access the markets from anywhere.
2. MetaTrader 5 (MT5): MT5 is the successor to MT4 and offers several advanced features, including more technical indicators, a wider range of order types, and the ability to trade on multiple markets from a single platform. MT5 is also available in desktop, web, and mobile versions.
3. cTrader: cTrader is a powerful trading platform that offers advanced charting tools, customizable interface, and a range of order types, including market, limit, and stop orders. It also features advanced risk management tools and social trading capabilities.
4. R Trader: R Trader is a proprietary trading platform developed by RoboForex. It offers a user-friendly interface, advanced charting tools, and the ability to trade a range of assets, including stocks, ETFs, and cryptocurrencies. R Trader also offers a range of useful tools, including economic calendars, trading signals, and risk management tools.

In conclusion, RoboForex provides a range of trading platforms that cater to the needs of different traders. Whether you are a beginner or an experienced trader, you can find a platform that suits your trading style and preferences.

Products RoboForex provides

RoboForex provides a wide range of financial products that allow traders to invest in various markets, including forex, stocks, indices, commodities, and cryptocurrencies. Here are the main products offered by RoboForex:

1. Forex: RoboForex offers a wide range of forex currency pairs, including majors, minors, and exotic pairs. Traders can use leverage up to 1:2000 and trade with low spreads.
2. Stocks: RoboForex provides access to more than 12,000 stocks from various global exchanges, including NYSE, NASDAQ, LSE, and more. Traders can invest in individual stocks or trade CFDs on a range of indices, such as S&P 500, NASDAQ, and others.
3. Indices: RoboForex allows traders to invest in a range of global stock indices, including Dow Jones, S&P 500, NASDAQ, FTSE 100, and others.
4. Commodities: RoboForex offers a range of commodities, including gold, silver, oil, and others. Traders can trade with low spreads and leverage up to 1:125.
5. Cryptocurrencies: RoboForex allows traders to invest in a range of cryptocurrencies, including Bitcoin, Ethereum, Ripple, Litecoin, and more. Traders can use leverage up to 1:50 and trade with low spreads.

In addition to the above products, RoboForex offers a range of account types and trading platforms that cater to the needs of different traders. The broker also provides educational resources, trading tools, and excellent customer support to help traders succeed in the markets.

RoboForex account types

RoboForex provides a range of account types that cater to the needs of different types of traders, including beginners, experienced traders, and institutional clients. Here are the main account types offered by RoboForex:

1. Pro-Standard: This account is suitable for experienced traders who want to trade with raw spreads from 0 pips and a commission of $20 per lot. The minimum deposit for the Pro-Standard account is $10.
2. ECN-Pro NDD: This account is suitable for traders who want to trade with tight spreads from 0 pips and a commission of $20 per lot. The minimum deposit for the ECN-Pro NDD account is $10.
3. Prime: This account is designed for institutional clients who want to trade with deep liquidity, fast execution, and low spreads. The minimum deposit for the Prime account is $5,000.
4. R Trader: This account is suitable for traders who want to trade a range of assets, including stocks, ETFs, and cryptocurrencies. The R Trader account provides access to advanced trading tools, including economic calendars, trading signals, and risk management tools. The minimum deposit for the R Trader account is $100.
5. Pro-Cent: This account is suitable for beginner traders who want to trade with small volumes and low risks. The Pro-Cent account offers low minimum deposit requirements of $10, and traders can use micro-lots to manage their risks effectively.
6. Demo Accounts: RoboForex offers demo accounts that allow traders to practice their trading skills and test their strategies in a risk-free environment. Demo accounts are available on all trading platforms offered by RoboForex.

In conclusion, RoboForex offers a range of account types that cater to the needs of different types of traders. Whether you are a beginner or an experienced trader, you can find an account type that suits your trading style and preferences.

RoboForex trading fees

RoboForex offers competitive trading fees that are transparent and easy to understand. The broker charges trading fees in the form of spreads and commissions, depending on the account type and trading instrument. Here are the main trading fees charged by RoboForex:

1. Spreads: RoboForex charges variable spreads on forex, commodities, and cryptocurrencies. The spread is the difference between the bid and ask price and represents the cost of trading. Spreads start from 0 pips for some account types, and the average spread for major currency pairs is around 1-2 pips.
2. Commissions: RoboForex charges commissions on some account types, such as the Pro-Standard and ECN-Pro NDD accounts. The commission is charged per lot traded and varies depending on the trading instrument. The commission is $20 per lot for forex trading on these accounts.
3. Overnight swap: RoboForex charges overnight swap fees for holding positions overnight. The swap fee can be positive or negative, depending on the trading instrument and the direction of the trade. The swap fee is displayed in the trading platform and can be calculated using the swap calculator.
4. Inactivity fee: RoboForex charges an inactivity fee of $5 per month for accounts that have been inactive for more than 90 days. This fee is charged to cover the costs of maintaining the account.

It is important to note that trading fees may vary depending on the account type, trading instrument, and market conditions. Traders should always check the trading fees before opening a trade to avoid any surprises. Overall, RoboForex offers competitive trading fees that are transparent and easy to understand.

RoboForex Funding and Withdrawal Options

RoboForex offers a wide range of funding and withdrawal options to allow traders to deposit and withdraw funds easily and securely. The broker supports a range of payment methods, including bank transfers, credit/debit cards, electronic payment systems, and cryptocurrencies. Here are the main funding and withdrawal options offered by RoboForex:

1. Deposit Options: RoboForex offers a range of deposit options, including bank transfers, credit/debit cards (Visa, Mastercard), electronic payment systems (Skrill, Neteller, WebMoney, Perfect Money, and others), and cryptocurrencies (Bitcoin, Ethereum, Litecoin, and more). The minimum deposit amount depends on the payment method and the account type, but it is generally $10 or $100.
2. Withdrawal Options: RoboForex supports a range of withdrawal options, including bank transfers, credit/debit cards, electronic payment systems, and cryptocurrencies. Traders can withdraw funds to the same payment method used to deposit funds. The minimum withdrawal amount depends on the payment method and the account type, but it is generally $10 or $50.
3. Fees: RoboForex does not charge any deposit or withdrawal fees for most payment methods. However, some payment methods may have fees charged by the payment provider or the bank. For example, bank transfers may have fees charged by the intermediary banks. Traders should check with their payment provider to confirm any fees that may apply.
4. Processing Time: The processing time for deposits and withdrawals depends on the payment method and the account type. Generally, deposits are processed instantly or within 1-2 business days. Withdrawals may take longer, depending on the payment method and the withdrawal request processing time. Withdrawals are usually processed within 1-7 business days.

It is important to note that some payment methods may not be available in certain countries or regions. Traders should check the payment options available in their region before depositing or withdrawing funds. Overall, RoboForex offers a wide range of funding and withdrawal options, with competitive processing times and no or low fees.

RoboForex’ promotions

RoboForex offers several promotions and bonuses to its clients, including deposit bonuses, cashback programs, and trading contests. Here are some of the current promotions offered by RoboForex:

1. Welcome Bonus 30 USD: This promotion is available to new clients who open a verified account with RoboForex. Eligible clients can receive a $30 bonus to their trading account, which can be used for trading purposes. There are certain terms and conditions that apply to this promotion, such as a minimum deposit requirement and a trading volume requirement.
2. Cashback program: RoboForex offers a cashback program that rewards traders for their trading activity. The program is available to all clients, and the cashback amount depends on the trading volume and the account type. The cashback is credited to the client’s trading account on a daily basis, and there are no restrictions on how the cashback can be used.
3. Demo trading contests: RoboForex offers several demo trading contests that allow traders to compete against each other for cash prizes. The contests are available to all clients, and the prize pool can vary from $1,000 to $3,000. The winners are determined based on the highest profit percentage over a certain period of time.
4. Rebate commission: RoboForex offers a rebate commission to its clients who refer new traders to the broker. The commission is calculated based on the trading volume of the referred clients, and it can be used for trading or withdrawn from the trading account.

It is important to note that all promotions and bonuses offered by RoboForex have certain terms and conditions that must be met in order to qualify for the promotion. Traders should carefully read and understand the terms and conditions before participating in any promotion or bonus program.

RoboForex customer support

RoboForex provides a range of customer support options to help traders with their inquiries and issues. The broker’s customer support team is available 24/7 and can be reached through several channels, including:

1. Live Chat: Traders can chat with a customer support representative in real-time through the live chat feature on the RoboForex website or trading platforms. The live chat feature is available in several languages and is the quickest way to get in touch with customer support.
2. Email: Traders can also send an email to the customer support team at support@roboforex.com. The customer support team typically responds to emails within 24 hours.
3. Phone: RoboForex offers phone support in several languages. Traders can find the phone numbers for their region on the RoboForex website.
4. Social Media: Traders can also contact RoboForex through its social media channels, including Facebook, Twitter, and Instagram.

In addition to these support channels, RoboForex also provides an extensive FAQ section on its website. The FAQ section covers a wide range of topics, including account registration, trading platforms, funding and withdrawal options, and more.

Overall, RoboForex provides a range of customer support options to help traders with their inquiries and issues. The customer support team is available 24/7 and can be reached through several channels, making it easy for traders to get the help they need.

RoboForex Educational Resources

RoboForex offers a variety of educational resources to help traders improve their skills and knowledge about financial markets. Here are some of the educational resources provided by RoboForex:

1. RoboForex Academy: This is an online educational platform that offers a wide range of materials for traders of all levels. The Academy includes video tutorials, educational articles, webinars, and more.
2. Analytics Center: RoboForex provides a wide range of market analysis and research materials, including daily technical and fundamental analysis, market news, and economic calendars.
3. Trading Strategies: RoboForex provides a variety of trading strategies and ideas for traders to use in their own trading. These strategies include trend-following, range trading, and breakout trading, among others.
4. Webinars: RoboForex hosts regular webinars on various trading topics, including technical analysis, fundamental analysis, trading psychology, and more. The webinars are conducted by experienced traders and are available to all clients.
5. Trading Calculators: RoboForex offers several trading calculators to help traders with their risk management and trade planning. These calculators include margin calculators, pip calculators, and profit/loss calculators.

Overall, RoboForex provides a comprehensive set of educational resources to help traders improve their skills and knowledge about financial markets. These resources are available to all clients and cover a wide range of topics, from beginner to advanced.

Pros and cons of RoboForex

Pros of RoboForex:

• Multiple account types and trading platforms to choose from, giving traders flexibility in their trading.
• Low trading fees and tight spreads, which can help traders save money on trading costs.
• A wide range of financial instruments to trade, including forex, cryptocurrencies, stocks, and more.
• Educational resources available, including webinars, trading guides, and video tutorials, to help traders improve their skills and knowledge.
• A responsive and helpful customer support team that is available 24/7.
• Fast and easy deposit and withdrawal processes, with multiple funding options available.

Cons of RoboForex:

• Some customers have reported technical issues with the trading platforms, such as delayed order execution or platform freezing.
• A few customers have reported difficulties with the account verification process.
• Some customers have expressed frustration with the withdrawal process, citing long processing times or unexpected fees.
• Limited research and analysis tools compared to other brokers.
• Some account types require a high minimum deposit, which may be a barrier for some traders.

It’s important to note that experiences with RoboForex may vary depending on individual circumstances, and traders should consider their own needs and preferences when choosing a broker. Overall, RoboForex offers a range of features and benefits for traders, but it’s important to do thorough research and consider a range of factors before making a decision.

Frequently asked questions about RoboForex

Is RoboForex a regulated broker?

Yes, RoboForex is a regulated broker. It is regulated by the International Financial Services Commission (IFSC) in Belize, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, and the Financial Services Authority (FSA) in Seychelles.

What types of accounts are available at RoboForex?

RoboForex offers several account types, including Pro-Standard, ECN-Pro NDD, Prime, and R Trader accounts. Each account type has its own features and trading conditions, and traders can choose the account type that best suits their needs.

What trading platforms are available at RoboForex?

RoboForex offers a range of trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, and R Trader. Each platform has its own unique features and benefits, and traders can choose the platform that best suits their needs.

What financial instruments can be traded at RoboForex?

RoboForex offers a wide range of financial instruments, including forex, cryptocurrencies, stocks, indices, commodities, and more.

Does RoboForex offer educational resources?

Yes, RoboForex offers a range of educational resources, including webinars, trading guides, video tutorials, and more. These resources can help traders improve their skills and knowledge of financial markets.

What are the deposit and withdrawal options at RoboForex?

RoboForex offers a range of deposit and withdrawal options, including bank transfer, credit/debit cards, electronic payment systems, and cryptocurrencies. Processing times and fees may vary depending on the payment method.

Is customer support available at RoboForex?

Yes, RoboForex offers 24/7 customer support via email, phone, and live chat. The support team can assist with account-related inquiries, technical issues, and other questions or concerns.