RoboForex
Content
- 1 RoboForex overview
- 2 RoboForex Regulation
- 3 RoboForex countries
- 4 RoboForex Platforms
- 4.1 MetaTrader4 (MT4)
- 4.2 MetaTrader 4 (MT4) Mobile Application
- 4.3 MetaTrader 4 (MT4) Web Platform
- 4.4 MetaTrader5 (MT5)
- 4.5 MetaTrader 5 (MT5) Mobile App
- 4.6 MetaTrader 5 (MT5) web platform
- 4.7 R Trader
- 4.8 R MobileTrader
- 4.9 R WebTrader
- 4.10 cTrader
- 4.11 cTrader Mobile
- 4.12 cTrader Web
- 4.13 RAMM platform
- 4.14 CopyFX Platform
- 5 RoboForex trading tools
- 6 RoboForex Education
- 7 RoboForex Instruments
- 8 RoboForex Accounts and Fees
- 9 RoboForex Support
- 10 RoboForex deposit and withdrawal
- 11 RoboForex account opening
- 12 Summary About RoboForex Broker
RoboForex is an award-winning online Forex broker offering over 9.400 trading instruments across multiple asset classes. They provide a range of flexible trading platforms and accounts, along with in-depth market analysis and trading tools.
In this in-depth RoboForex review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your trading needs.
Pros / Cons
- Segregated client funds
- Negative balance protection
- Member of the Financial Committee
- Copy Negotiation
- More than 9.400 trading instruments
- Multiple trading platforms
- Flexible account types
- Analytical Center
- multiple awards
- Does not accept US customers
- No fixed spread accounts
RoboForex overview
Founded in 2009, RoboForex is an award-winning online broker offering traders worldwide access to trade over 9.400 trading instruments across multiple asset classes including Forex, Commodities, Cryptocurrency, Stocks, Equities, Indices, Metals, Energies , ETFs and CFDs.
RoboForex uses 8 liquidity providers (LPs), offering spreads starting from just 0 pips, good execution speeds and leverage up to 1:1000. They claim to have over 800.000 clients in 169 countries with over 2 million accounts open commercials.
RoboForex offers popular MetaTrader platforms, professional cTrader platform and its own unique R Trader platforms, providing comfortable trading experience and meeting the needs of different traders. Platforms are available for desktop, web and mobile.
The experienced team at RoboForex is focused on implementing the latest innovative technologies to offer the best possible trading conditions to all clients, regardless of their experience level or investment size.
RoboForex clients have access to a variety of trading tools, educational materials, market analysis, promotions and trading signals. Support is offered 24/7 and there are 20 flexible financing options to choose from.
RoboForex is a rapidly expanding online broker and has been recognized by the financial industry with over 20 awards and titles, including:
- Safe Broker 2018 (London Investor Show)
- Best Crypto Broker 2018 (Manchester Investor Show
- Best Investment Products 2017 (London Forex Show),
- Best ECN Broker 2016 (IAFT Awards)
- Best Retail Forex Broker 2015 (Mena 15 th Forex Show).
RoboForex Regulation
RoboForex Ltd is an international broker, a member of the RoboMarkets / RoboForex Group. RoboForex is based in Belize.
RoboForex Ltd is regulated from International Financial Services Commission (IFSC), IFSC / 60/271 / TS license. IFSC is the Belizean government agency that regulates financial market services and enforces regulations to protect investors and ensure companies operate transparently and responsibly.
IFSC Belize follows international anti-money laundering (AML) policies.
RoboForex Ltd is a category “A” member of the Financial Commission, an international organization that aims to resolve disputes between its members and their clients before judgment through alternative arrangements.
They are also participants in the Financial Commission Compensation Fund, which provides eligible dealers' insurance coverage of up to €20.000.
Since 2018, RoboForex Ltd has regularly used the Verify My Trade (VMT) service, which provides an order execution quality audit review to assess how well they are executing client orders.
RoboForex Ltd sends 5.000 trades from depersonalized clients to VMT to review and compare with other brokers each month. To obtain a certificate of quality, the results must correspond with the average market values.
RoboForex Ltd has received an execution quality certificate that confirms compliance with the strict requirements of the Financial Commission for its member brokers.
RoboForex Ltd offers clients negative balance protection that can prevent accounts from going into a negative balance during trading conditions. volatile market. In this case, they will automatically reset the account balance to zero without the customer having to pay anything for this service.
Customer funds are kept separate from company funds in a segregated account to ensure they are safe and not used for any other purpose such as company running costs.
RoboForex countries
RoboForex does not provide services to residents of USA, Canada, Japan and Australia. Some RoboForex brokerage features and products mentioned in this RoboForex review may not be available to investors from specific countries due to legal restrictions.
RoboForex Platforms
RoboForex has taken into account the needs of different traders and provides a flexible range of platforms to suit individual needs. Each trading platform offers a comfortable and efficient trading environment.
RoboForex offers the popular and widely used trading platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet).
There is the cTrader platform for professional traders who need direct STP access to the markets. They also offer their own built-in platforms: R Trader for desktop, R WebTrader and R MobileTrader.
In addition to the trading platforms offered, there are 2 platforms to provide and copy signals. These are the CopyFX and RAMM platforms, respectively.
MetaTrader4 (MT4)
MT4 is one of the most popular platforms used by new and experienced traders around the world. It has an intuitive interface, many features and built-in tools for convenient trading.
There are 3 types of order execution, 9 graphical timeframes, 50+ built-in technical indicators, graphical objects, auto trading capabilities, strategy tester, one-click trading, marketplace, news, alert and much more.
There is a large online MetaTrader community where users share ideas, models, indicators and automated systems. The MetaTrader marketplace has a number of expert advisors (EAs), indicators and signals to choose from. Some are available for free and others can be purchased.
MetaTrader 4 (MT4) Mobile Application
MT4 is available for download on both Android and iOS devices so users can trade from anywhere in the world. It has the same familiar desktop platform interface with the same features and built-in tools for flexible trading in the palm of your hands.
MetaTrader 4 (MT4) Web Platform
The MT4 web platform runs directly on the most popular browsers, without the need to download or install any additional software. It retains the same features, tools and performance as the desktop platform with the freedom to use it from anywhere in the world with an internet connection.
MetaTrader5 (MT5)
MT5 is a newer and more advanced version of MetaTrader platform with a similar interface, some additional tools and features including 4 order execution types, 6 pending order types, more timeframes, more technical indicators, market depth, multi-currency strategy and more.
Users have access to the MetaTrader market with over 1.500 expert advisors (EAs) and technical indicators to choose from. MT5 also has flexible network and coverage capabilities.
MetaTrader 5 (MT5) Mobile App
MT5 is available for download on Android and iOS devices so you can access your trading account while you are on the go. The mobile app contains the same functions and features as the desktop platform.
MetaTrader 5 (MT5) web platform
The MT5 web platform allows you to trade on the platform via the most popular web browsers from anywhere in the world with an internet connection.
You don't need to download or install any additional software and it contains the same features as other MT5 platforms.
R Trader
RoboForex has its own unique RoboForex platform for trading multiple assets on financial charts with advanced trading tools for technical analysis built in.
Users have access to over 9.400 trading instruments and many features to satisfy the different needs and skill levels of the trader. The platform is user-friendly and easy to navigate.
OR Trader is designed for convenient trading and can be fully customized. It includes level II market depth, unique watch lists, multiple windows, multiple chart layouts, customizable viewing methods, trading from charts, template strategies, technical indicators, market news and one-click trading.
There is an automated strategy builder to create and test trading strategies with historical data since 1970.
There are no minimum cost or volume requirements to use the R Trader platform and 24/7 online support is available to help you.
R MobileTrader
OR MobileTrader is available for download on Android and iOS and is useful for those who want the convenience of trading on their mobile devices from anywhere in the world with an internet connection.
It retains the same functionality as the desktop platforms and can be downloaded for free from the Google app stores and the App Store.
R WebTrader
OR WebTrader has the same features and capabilities as the desktop version but runs directly on most modern desktop and mobile browsers. This is useful for anyone who needs to trade anywhere in the world. The web terminal does not require any software downloads or updates.
cTrader
RoboForex offers the cTrader platform to professional traders, providing them with direct STP access to global markets. cTrader is often the choice for experienced traders who demand rare order types, tier II prices and superior execution speeds.
cTrader's features include 50+ technical indicators, 9 advanced interactive chart types, 14 timeframes, alert and more. You can create your own trading robots and indicators in C# using cTrader Automate.
cTrader Mobile
cTrader mobile has the same features as the desktop version and is available for download on Android and iOS devices.
You can set notifications on the mobile app and conveniently manage your account from anywhere in the world.
cTrader Web
The cTrader web platform works on most modern browsers without the need to download any additional software. It works the same as the desktop platform running with the flexibility and independence of a web interface.
RAMM platform
The RAMM platform allows traders to invest in other trading strategies with greater control over risks and proportional distribution of profits.
It has an intuitive user interface where you can choose to sign up or provide your own strategies. You can choose how much you want to invest and remove or add strategies at any time.
It is important to note that past results and performance are in no way any indication or guarantee of future performance.
CopyFX Platform
The CopyFX platform allows traders to copy other traders' trades or offer strategies for them to others copy them.
Users can specify conditions and create subscriptions from within the RoboForex Members Area. It is important to note that past results and performance are in no way any indication or guarantee of future performance.
RoboForex trading tools
RoboForex has a vast collection of standalone trading tools available to clients. This includes market analysis tools, calculators, calendars and a VPS service.
RoboForex Analytics Center
RoboForex analysis center provides all analysis in one place and is free for all RoboForex clients. It can be accessed from your browser or you can download the Android and iOS apps to conduct analysis from your mobile device.
The analysis center supports 13 languages and features a large selection of up-to-date information for analyzing financial markets, including market sentiment, technical and fundamental analysis.
It is accessed independently of the trading terminal with a user-friendly compact display, interactive data layout and fully customizable filters.
Feed
The feed section provides an overview of the market showing fundamental, technical and wave analysis, Fibonacci retracements, Ichimoku, one-week forecasts and trading news.
RoboForex Analytics Center Feed
In this section, you can find up-to-date economic data and trade recommendations based on key parameters.
Calendar
The economic calendar displays up-to-date fundamental data and indicators, including the latest market news, holiday dates, bank interest rates, world economic indicators, trading sessions and the dates when the world's leading companies' records are fixed. Each subsection can be filtered and searched according to user requirements.
Signs
The signals section displays the signals in table format along with available data in 7 time intervals from 1 minute to daily.
Technical indicators used include various moving averages, Bollinger Bands, Ichimoku, Stochastics, William`s, ZigZag and market sentiment charts.
Tools
This section contains tools such as historical volatility chart, pivot point level calculations, Fibonacci retracements and more.
The data is conveniently displayed to assist in performing market analysis based on the calculations of each of the tools.
Chat
There is a chat section where you can read questions and answers from other users, as well as ask your own questions to experienced analysts.
Education
The education section has ready-made trading strategies for different trading styles and video tutorials from MetaQuotes for insights into expert advisors, signals, hosting and more.
Video
The video section contains weekly video predictions for some of the most popular trading instruments.
R Trader Strategy Builder
RoboForex has a free and easy-to-use strategy building tool where you can create your own automated trading systems without the need to do any complex coding.
The strategy builder has a simple to use point and click interface where you can design, test and implement automated trading systems based on your own strategies.
Automated strategies are saved and executed from the server, so there are minimal execution delays.
As the strategy maker hosts the strategies on a secure cloud server, there is no need for a VPS and they can be accessed from anywhere at any time.
There are pre-designed templates that you can use to familiarize yourself with the builder or expand.
You can test your strategies in different markets and timeframes. Backtesting data from 1970 is available for longer term testing, although it is important to note that historical results are by no means a guarantee of future performance.
Support is available to help you with strategy builder-related questions.
Trading Calculator
The trading calculator allows you to calculate your position parameters based on the instrument, leverage, lot size and account currency. This can help with business planning and decisions.
Economic Calendar
RoboForex has an economic calendar that displays the latest financial news events. This is often used as part of fundamental analysis.
Key events and highlights are displayed, such as news reports, price indices and financial indicators, the latest inflation and unemployment readings.
You can view dates and times of speeches and reports given by heads of global financial regulators. News can be filtered by impact (low, medium, high), date and country.
Virtual Private Server (VPS)
A VPS allows you to remotely run your trading platform 24/7, so you don't always need your computer on.
They are often used when there is a need to run an automated trading system 24 hours a day or if your local internet connection is unreliable and you need minimal downtime.
VPS can be accessed via desktop, laptop or mobile devices at the same time.
RoboForex offers a free VPS to eligible customers. To qualify for a free VPS, clients need to maintain an account balance of at least $300 and produce a monthly trading volume of at least 3 standard lots.
RoboForex Education
RoboForex has some educational material suitable for different skill levels of traders. There are market analyses, video tutorials, FAQs and trading tips.
Analysis and Forecasts
The analysis and forecasts section contains frequently updated and detailed technical and fundamental analysis on different markets.
Educational Videos
RoboForex clients have free access to various video tutorials from the analysis center. They are especially useful for beginners as subjects covered include market fundamentals, technical and fundamental analysis, trading psychology and risk management.
FAQ
There is a vast FAQ area on the RoboForex website that covers a variety of topics from the services and products they provide to general trading questions.
trading tips
There is a trading tips section on the RoboForex website that contains some useful tips for trading safely, minimizing risk and getting ready.
RoboForex Blog
The frequently updated RoboForex blog has a wealth of articles covering different topics such as analysis, education, markets and more.
RoboForex Instruments
RoboForex has a very large selection of over 9.400 trading instruments from various markets including Forex, Commodities, Crypto, Stocks, Indices, Metals, Energies, ETFs and CFDs.
Forex
RoboForex offers forex trading on over 40 major, minor and exotic currency pairs including EURUSD, GBPUSD, USDJPY, EURGBP and USDCHF.
Leverage of up to 1:1000 is available with 0 pips spreads and 0,1 second execution speeds.
Share
RoboForex offers contract trading for difference (CFD) on American, German and Swiss stocks. Customers have access to over 9.400 stocks like Apple, Amazon, Facebook, Google, Tesla and more. There are real-time online quotes, stock market charts and leverage up to 1:20.
Indices
RoboForex clients have access to popular indices with 0 pips spreads and 0,1 second execution speeds. Instruments offered include Dow Jones, NASDAQ, TSX and SPX.
ETFs
RoboForex offers over 1.000 exchange-traded funds (ETFs) for trading with leverage up to 1:20 and spreads of 0 pips.
Soft Commodities
RoboForex clients can invest in ETFs with 1:20 leverage in over 100 light commodities such as cocoa, coffee, corn, wheat, sugar, soybeans and fruits.
metals
RoboForex offers traders gold (XAU/USD), silver (XAG/USD) and ETFs in gold, palladium, platinum and silver. Spreads start at just 0 pips with execution speeds on the order of 0,1 seconds.
Energy
Clients can trade ETFs and CFDs in energy commodities, including oil (WTI, Brent), natural gas and ethanol. Spreads start at 0 pips and leverage up to 1:100 is available.
Crypto
RoboForex clients can trade CFDs in over 26 cryptocurrencies, including Bitcoin, Bitcoin Cash, Dash, EOS, Ethereum, Litecoin and Ripple. Cryptos are available for trading 24/7 with leverage up to 1:50.
Crypto-Indices
RoboForex clients can access the global cryptomarket with Cryptoindexes, Crypto.TOP and Crypto.ALT. By purchasing Cryptoindexes, you are investing in the growth of the entire cryptocurrency market, rather than just individual instruments.
RoboForex Accounts and Fees
RoboForex has several flexible account types for different trader requirements. The main difference between the accounts is that some offer lower variable spreads with a commission charge and others offer marked variable spreads with no commission charge.
Demo accounts are available to test different trading platforms and conditions before opening a real account. Free Islamic account exchanges that comply with Sharia law are available upon request.
Pro-Standard Account
This account requires a minimum deposit of $10, has variable spreads of 1,3 pips and does not charge a commission fee. Maximum leverage is 1:1000 with minimum order size 0,01 lots and maximum order size 100 lots.
ECN-Pro account
This account requires a minimum deposit of $10, has variable spreads of 0 pips and a commission fee of $20 per 1 million traded volume. Maximum leverage is 1:300 with minimum order size of 0,01 lots and maximum order size of 50 lots.
Main Account
This account requires a minimum deposit of $5.000, has variable spreads of 0 pips and a commission fee of $15 per 1 million traded volume.
Maximum leverage is 1:100 with minimum order size of 0,01 lots and maximum order size of 50 lots.
Pro-Cent Account
This account is similar to the pro account, but uses cents instead of dollars. It requires a minimum deposit of $10, has variable spreads of 1,3 pips and does not charge a commission fee. Maximum leverage is 1:1000 with minimum order size 0,1 lot and maximum order size 500 lots.
affiliate account
There are affiliated versions of the pro-standard and ecn-pro accounts that have increased spreads and commissions for clients who are receiving additional services from RoboForex partners.
R Trader Account
This account offers over 9.400 instruments and requires a minimum deposit of $100. It has variable spreads of $0,01 pips and a minimum commission fee of $1,5.
The maximum leverage available varies and goes up to 1:200 with minimum order volume of 1 share and maximum order volume of 2.000 shares.
As broker fees can vary and change, there may be additional fees that are not listed in this RoboForex review. It is imperative to ensure that you check and understand all the latest information before opening a RoboForex broker account for online trading.
RoboForex Support
RoboForex offers professional support 24/7 in 11 languages. Support is ready to answer your questions via live chat, phone and email.
There is also a callback service where you can leave your number for them to contact you directly.
RoboForex deposit and withdrawal
RoboForex has 20+ payment systems that you can use to deposit and withdraw funds to and from your trading account.
You can choose the method that is most convenient for you. There is 0% commission for deposits and withdrawals as all expenses are covered by RoboForex. They also compensate customers' commission for withdrawing funds twice a month.
Financing options include bank transfer, credit card and online payment systems such as Neteller and Skrill. Please note that some methods may only be available for specific countries.
Withdrawal requests are processed the same day or the next if outside working hours. Withdrawal time may vary depending on payment provider and method.
Bank transfers can take a few business days to clear, while some methods can be instant.
Some payment systems may have transaction limits, restrictions and requirements which are stated on their respective websites. You may need to verify your account to remove limits for specific methods in some countries.
Accounts can be opened in EUR, USD, CNY, RUB, BTC, ETH, GOLD. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.
Accounts have two-step authentication for extra security. This helps protect your personal information and funds using SMS verification and backup codes.
RoboForex account opening
Opening a trading account at RoboForex is a quick and simple process. Simply fill in the short online registration form to gain access to the members area.
Upon completion, you can sign up for a trading account which will require you to upload some documentation for KYC purposes. These documents can be proof of identification, such as a passport or driver's license, and proof of address, such as a utility bill.
Once your documents are verified, you can fund your trading account and start trading.
Summary About RoboForex Broker
RoboForex is an award-winning online broker offering a wide range of trading instruments across multiple asset classes. They offer a good choice of flexible trading platforms and account types as well as funding options.
There are a range of trading tools to assist with trading and many frequently updated detailed market analyzes are provided.