RoboForex review

With over 12 years of experience in the Forex brokerage industry, a wide range of 12,000 available instruments, and a collection of more than 40 awards, RoboForex is a highly reputable broker. It is regulated by the Belize Financial Services Commission and holds official membership in the Financial Commission, an international organization dedicated to resolving Forex disputes. RoboForex offers advanced security measures including negative balance protection, which ensures that retail clients cannot lose more than the funds in their trading account. This protection is particularly beneficial for beginners who might engage in trading with excessive leverage. Additionally, the broker is affiliated with the investor compensation fund and utilizes segregated bank accounts to safeguard client funds. RoboForex also provides additional benefits to its clients, including cashback rewards and free VPS services. These features, combined with the broker's attractive promotions, make RoboForex one of the most appealing choices among established brokers.

COUNTRIES

Afghanistan, Albania, Algeria, Andorra

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REGULATIONS

FSC Belize

ACCOUNT CURRENCIES

USD

ASSETS

CFDs on Stocks, Energies, Indices, Precious metals, Soft Commodities

PLATFORMS

MT4

DEPOSIT METHODS

Bank Transfer, Credit Card, Neteller, Perfect Money, Skrill, STICPAY

OTHERS

Segregated accounts, Copy trading, Demo account, ECN, Exotic Pairs, Expert Advisors, Fast withdrawals, Hedging allowed, High leverage, Lowest minimum deposit, Lowest spreads, Micro accounts, Mini lots, Negative balance protection, PAMM, Part of compensation scheme, Provides webinars and seminars, Signals, Swap-free

PROMOS

Free VPS

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RoboForex offers five different types of trading accounts, with the initial deposit requirement starting from just 10 USD. The account types include Prime, ECN, R StocksTrader, ProCent, and Pro accounts. Among these, only the R StocksTrader account requires a higher initial deposit of 100 USD. The rest of the accounts can be opened with as little as 10 USD. Both ProCent and Pro accounts offer leverage up to 1:2000 and spreads starting from 1.3 pips. The Prime account boasts a maximum leverage of up to 1:300, spreads starting from 0 pips, and a commission per million traded. The ECN account has similar conditions to the Prime account but with higher leverage of up to 1:500. All trading accounts support popular trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5). However, the R StocksTrader account stands out as it has dedicated web trading platforms specifically designed for accessing the stock market. This account also offers a wide range of tradable instruments, with over 12,000 assets available. The spreads for shares start from as low as 0.01 USD, and the leverage goes up to 1:500. RoboForex also offers unique benefits for new clients. These include no initial deposit requirement, leverage of up to 1:300, and reduced spreads starting from 0 pips. RoboForex stands out for its comprehensive market research and trading tools, which are provided free of charge. These include an economic calendar, trading calculator, trading blog, market analysis and forecasts, R StocksTrader Strategy Builder, and many more. Overall, RoboForex can be an ideal choice due to its diverse range of trading account types, attractive trading conditions, dedicated stock market access, unique offerings for new clients, and comprehensive market research and trading tools.

FAQS ABOUT ROBOFOREX

Is RoboForex a reliable broker?

Yes. RoboForex is a highly reputable broker with over 12 years of experience, regulation by the Belize Financial Services Commission, and membership in the Financial Commission.

Is RoboForex allowed in the US?

No, RoboForex does not accept clients from the United States as Forex trading is prohibited by the US regulators.

How much is the RoboForex commission fee?

The commission fee charged by RoboForex varies depending on the trading account type. The Prime account has a commission per million traded, while other accounts are commission-free.