RoboForex Broker Review: A Complete Guideline for Investors

RoboForex is a well-established online forex and CFD broker that has been serving traders since 2009. The company is regulated by several reputable financial authorities, including CySEC and IFSC, and offers a wide range of trading instruments, competitive trading conditions, and a variety of account types to suit different trading styles and experience levels.

Summary Table

FeatureRoboForex
Founded2009
RegulationFSC, FC, VMT, 
Account Types5
Minimum Deposit$10
LeverageUp to 1:2000
SpreadsFrom 0.0 pips
Trading PlatformsMetaTrader 4, MetaTrader 5, R Trader, Mobile and Web trader
Asset CoverageForex, commodities, indices, cryptocurrencies
Educational ResourcesWebinars, tutorials, articles
Customer Support24/5 live chat, email, phone

Company Overview

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RoboForex is a global financial services provider with a strong focus on online trading. The company offers a variety of products and services, including forex and CFD trading, copy trading, and investment solutions. RoboForex has a strong track record of innovation and has been recognized for its high-quality services by numerous industry awards.

Account Types and Features

RoboForex offers a variety of account types to suit different trading styles and experience levels. The main account types include:

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Prime:

  • Best conditions available
  • Suitable for currency and other markets
  • MetaTrader4, MetaTrader5, RTrader, Mobile apps
  • 28 currency pairs, Metals, CFDs
  • $10 min deposit
  • Floating spreads from 0 pips
  • 1:300 max leverage

ECN:

  • Experienced traders’ choice
  • MetaTrader4, MetaTrader5, RTrader, Mobile apps
  • 36 currency pairs, Metals, CFDs
  • $10 min deposit
  • Floating spreads from 0 pips
  • 1:500 max leverage

R StocksTrader:

  • R StocksTrader web platform and mobile app
  • 12,000+ instruments
  • $100 min deposit
  • Spreads from 0.01 USD
  • 1:500 max leverage

ProCent:

  • Strategy testing and EA testing
  • MetaTrader4, MetaTrader5, RTrader, Mobile apps
  • 36 currency pairs, Metals
  • $10 min deposit
  • Floating spreads from 1.3 pips
  • 1:2000 max leverage

Pro:

  • Popular for beginners
  • MetaTrader4, MetaTrader5
  • 36 currency pairs, Metals, CFDs
  • $10 min deposit
  • Floating spreads from 1.3 pips
  • 1:2000 max leverage

How To Open An Account With RoboForex?

Opening a RoboForex account is a simple process. 

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  • You need to go to the homepage of RoboForex and click on the “Open An Account” button.
  • Then you can see the registration form and you need to fill the form with the required details.
  • After you submit the form, you will get an email to your email address with the essential validation link
  • After you verify your account, you need to deposit funds to start trading with RoboForex.

How To Deposit Money In RoboForex?

How to deposit into your account at RoboForex

RoboForex offers a variety of deposit methods, including bank transfers, credit/debit cards, and e-wallets. Deposits are typically processed within 24 hours.

How To Withdraw From RoboForex?

Withdrawals from RoboForex are processed quickly and efficiently. Most withdrawals are processed within 48 hours.

Trading Platforms

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RoboForex offers a variety of trading platforms, including MetaTrader 4, MetaTrader 5, and their proprietary platform, R Trader. All of the platforms are user-friendly and easy to navigate, and they offer a variety of features to help traders make informed trading decisions.

Asset Coverage

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RoboForex offers a wide range of trading instruments, including forex pairs, commodities, indices, and cryptocurrencies. The company also offers a variety of exotic instruments, such as metals and energy.

Regulatory Compliance and Security

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RoboForex is regulated by several reputable financial authorities, including FSC and IFSC. The company is also a member of the Investor Compensation Fund (ICF), which protects clients in the event of the company’s insolvency.

Fees and Commissions

RoboForex’s fee structure is competitive and transparent. The company charges spreads on all trades, and there are no commissions on most account types.

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Customer Support

RoboForex offers 24/5 customer support through live chat, email, and phone. The company’s support team is knowledgeable and responsive, and they are always happy to help.

Educational Resources

RoboForex offers a variety of educational resources to help traders improve their trading skills. These resources include webinars, tutorials, and articles.

Pros and Cons

Pros

  • Wide range of trading instruments
  • Competitive trading conditions
  • Variety of account types
  • User-friendly trading platforms
  • Strong regulatory compliance
  • Excellent customer support

Cons

  • Not all account types are available in all jurisdictions
  • Limited selection of educational resources

Client Feedback and Reviews

RoboForex has a strong reputation for providing excellent customer service. The company has been awarded several industry awards for its customer service, and client reviews are generally positive.

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Comparison Between RoboForex and Other Brokers

RoboForex is a good choice for traders of all experience levels. At this point in this review, we are going to compare RoboForex with two other brokers available in the market. The brokers are ATFX and eToro. You can check the full ATFX broker review and eToro broker review on our website.

CompareRoboForexATFXeToro
Year Founded200920172007
Forex Pairs364452
Inactivity feeNoNoYes
Minimum deposit$10$500$10-$10,000
Execution: Market Maker YesYesYes

If Anything Unwanted Happens, Contact Us

RoboForex is a reputable broker and they have a good base of customer satisfaction. They will help you if you face any problems with your trading. But, sometimes things happen and there is nothing to do from your side but a professional can help you.

If you face any problem with RoboForex or any other broker and you think something is not right, you can contact us. We a scam reporting platform where people can submit their incidents and we will analyze the cases. Then you schedule a free consultation call to guide the client professionally and suggest some good recovery services if needed.

Final Thought

RoboForex is a reputable and reliable online forex and CFD broker that offers a wide range of trading instruments, competitive trading conditions, and a variety of account types to suit different trading styles and experience levels. The company is also well-regulated and offers excellent customer support. Overall, RoboForex is a good choice for traders of all experience levels.

If you have lost money to companies like KuCoin, Bitfininx, or BitForex, please report it today by the below form.

    Online Trading Complaint Form


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