*Please note that the information in this table is subject to change and you should always refer to the broker's official website for the most up-to-date information.
Overview of Roboforex
Roboforex, the trading name of Roboforex Cy Ltd, is a forex broker that has been around for over a decade and has made a name for itself in the industry. Founded in 2009, Roboforex is based in Belize, and then became a member of the FSCL, launched a negative balance guarantee service, later added CFD instruments, and introduced gold and CNY trading accounts.
Roboforex offers a wide range of trading instruments, including stocks, indices, futures, ETFs, soft commodities, energies, metals, and currencies, with over 10,000 instruments available for trading.
In 2016, Roboforex started creating a proprietary investment platform with a professional analysis centre RAMM and released stock trading.
In 2019, the forex broker's tradable instruments reached 11,700, with global updates for the Android and iOS versions of WebTrader and MobileTrader, and won more than 20 awards in the financial industry.
One of the key features of Roboforex is its variety of account types. The broker offers several different account options, including Prime, ECN, R StocksTrader, Pro Cent, Pro, and demo accounts.
In addition to its diverse account types and trading instruments, Roboforex also offers several different trading platforms. The broker supports both the popular MetaTrader 4 and MetaTrader 5 platforms, as well as their own proprietary platform,WebTrader, MobileTrader, StocksTrader.
Pros and Cons
Is Roboforex Legit?
Yes. Roboforex is regulated by CySEC in Cryprus, NBRB in Belarus, and FSC in Belize.
Robomarkets Ltd is authorized and regulated by Cyprus Securities and Exchange Commission (CySEC) under the license number of 191/13.
Another entity, RoboMarkets, LLC, is authorized and regulated by the National Bank of the Republic of Belarus (NBRB) under the license number of 15.
RoboForex Ltd. is authorized and offshore regulated by the Financial Services Commission (FSC) under license number of IFSC/60/271/TS/17.
This means that the broker is required to adhere to strict regulations and guidelines to ensure the safety of its clients' funds and the integrity of its operations.
Additionally, Roboforex is a member of the Financial Commission, an independent organization that provides a neutral dispute resolution process for its members and their clients. It also offer negative balance protection.
Market Instruments
RoboForex offers trading in stocks, indices, futures, ETFs, soft commodities, energies, metals, and currencies.
Account Types
RoboForex understands that each trader is unique and has their own trading needs and preferences. That's why they have created a diverse range of trading accounts to cater to all types of traders. You can find detailed info about account features in the comparison table below:
How to Open an Account?
Opening an account with RoboForex is a straightforward process that can be completed in just a few steps.
Step 1: First, visit the broker's website and click on the “Open an account” button located in the top right corner of the page.
Step 2: Now, you are redirected to a registration page where you can fill out your personal and financial information, including email address, name, and mobile phone number.
Step 3: After completing the registration form, you need to verify your identity by providing a copy of your government-issued ID and a recent utility bill as proof of address. This step is necessary to comply with international anti-money laundering and know-your-customer regulations.
Step 4: Once the account has been verified, you can fund your account through a variety of methods, including local bank transfer, AstroPay, Skrill, Neteller, Sticpay, Visa, MasterCard, JCB, QR & Vouchers, and Western Union. The minimum deposit for most account types is $10, while the R StocksTrader account requires a minimum deposit of $100.
Step 5: After funding your account, you can download the trading platform of their choice and start trading in the markets.
Leverage
The maximum leverage of 1:2000 available for the Pro Account and Pro Cent account type is particularly noteworthy, offering experienced traders a chance to pursue even more profitable trades. The Prime and ECN accounts also offer high leverage, ranging from 1:300 to 1:500.
However, it's important to note that high leverage can magnify both profits and losses, so traders should use it carefully and with proper risk management strategies in place.
Spreads & Commissions
RoboForex charges no commissions, and spreads vary on the account type.
Trading Platforms
RoboForex provides a range of trading platforms to cater to different trading needs and preferences.
The most popular trading platforms offered by RoboForex include MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are available for desktop, web, and mobile devices, allowing traders to access the markets from anywhere at any time.
MT4 is a widely used trading platform that offers advanced charting capabilities, automated trading features, and the ability to customize indicators and trading robots.
MT5, on the other hand, is a more advanced version of MT4, with additional features such as multi-currency strategy testing and more advanced analytical tools.
In addition to these popular trading platforms, RoboForex also offers its own proprietary platforms, including MobileTrader and R StocksTrader.
MobileTrader is a mobile trading platform that provides access to trading accounts, real-time market data, and order execution.
R StocksTrader, as mentioned earlier, is a unique trading account that offers commission-based trading on US and EU stocks.
For traders who prefer to trade directly from their web browser, RoboForex offers the WebTrader platform. This platform requires no download or installation and offers a simple, user-friendly interface for trading.
Deposit & Withdrawal
Deposit
Withdrawal
Customer Support
Roboforex's customer support can be reached 24/7 by live chat, contact form, and telephone: +593 964 256 286.
Additionally, the company's website has an extensive FAQ section, which provides answers to many common questions about trading accounts, deposit and withdrawal methods, trading platforms, and more.
Besides, you can also follow up with Roboforex on some social media platforms, such as Facebook, Twitter, Youtube, Telegram, and Instagram.
Registered address: 2118 Guava Street, Belama Phase 1, Belize City, Belize
Business address: Belize Marina Towers, Barrack Rd., Newtown Barracks, Belize City, Belize
Registered address: Suite 16, Watergardens 5, Waterport Wharf, GX11 1AA Gibraltar
Conclusion
To summarize, RoboForex is a renowned online brokerage firm that provides a diverse range of account options catering to various trading requirements. The broker offers an extensive range of tradable instruments, competitive trading fees, and high leverage options. The user-friendly trading platforms come equipped with advanced trading tools. The broker also offers excellent customer support, with multiple channels available for assistance.
While RoboForex presents an excellent trading opportunity, it is crucial to exercise caution while trading with leverage and implement proper risk management strategies.
FAQs
Is RoboForex a regulated broker?
Yes, RoboForex is regulated by several financial authorities, including CySEC, NBRB, and FSC (Offshore).
What trading platforms does RoboForex offer?
RoboForex offers a variety of trading platforms, including MetaTrader 4, MetaTrader 5, WebTrader, MobileTrader, and StocksTrader.
What is the minimum deposit required to open an account with RoboForex?
The minimum deposit required varies depending on the account type, $100 to open the R Stockstrader account, while only $/€10 for other four account types.
What trading instruments can I trade with RoboForex?
RoboForex offers 12,000 trading instruments covering stocks, indices, futures, ETFs, soft commodities, energies, metals, and currencies.
MANH DAO VAN
Vietnam
I opened an account and deposited money, but the money did not go in, even though the transfer order was successful. I cannot contact support and have not received a response. Is a long-standing platform a scam for investors? If I deposit $10,000 into this platform, I will definitely lose everything.
Exposure
2024-10-10
FX1152145575
Nigeria
Robot22Trade is a SCAM! Aside from not paying, automatically, it is not as transparent as it purports! I invested $50 with Package A. I only earned $29! And no, the $1854.00 encircled on image 3 is monopoly money! When I requested to withdraw my unpaid balance of $1829, Admin informed me that I must upgrade by paying 20% of my $1854.00 ([3d]$370)! There is no disclosure of that 20% payment requirement presented anywhere in the frequently asked questions (FAQ) web page of Robot22Trade.
Exposure
2024-04-12
FX1005094587
Vietnam
Account: 7315373. The order which should be closed at 1902 was closed ar 1870. I need an explanation. It's unfair.
Exposure
2024-04-12
Siothoy
Germany
As a trader in a different time zone, I feel good that the support is not limited to just "9 to 5". They respond to chats even late at night. This is great for me.
Positive
Two days ago
Messiah21
Indonesia
Mostly, I trade indices like DAX, NASDAQ, S&P. The spreads are tight and what's impressive is that the platform remains stable even during busy times. There are no delays or surprises.
Positive
Three days ago
Nicolas Navarro
Argentina
It is a very good Broker, I really like the customer service, if for any reason you cannot trade, they do not charge you a fee for inactivity, they resolve doubts and technical support very quickly, recommended, I have not withdrawn yet but I hope to do so soon, I will give my opinion as soon as I do.
Positive
In a week
Gallo5
Italy
I always open my trades manually, without bots. I like that all parameters can be set — stop loss, take profit, trailing — even before executing the order. It may seem like a detail, but it helps a lot.
Positive
In a week
DecoLero
France
I have separate accounts for testing, main trading, and another one that copies signals. Switching between them is easy, nothing gets stuck. All under a single access — convenient for working and testing.
Positive
In a week
Sansukara
Luxembourg
I care about being able to keep my positions open for several days without technical surprises. I have never experienced platform failures or unexpected requotes. I highly value that reliability.
Positive
05-30
Artur77
Germany
I'm still learning how the markets work, so I appreciate a platform that's easy to navigate. I can open trades, track performance, and not feel overwhelmed by the interface.
Positive
05-30
Dereona
South Africa
Volatile news events used to stress me out, but execution here stays impressively stable — even when the market spikes. That reliability gives me real peace of mind.
Positive
05-28
Felixx99
South Africa
Trading short timeframes demands smooth execution, and that’s exactly what I get here. Orders go through fast, with minimal delay, and spreads are tighter than I expected.
Positive
05-26
FX1914432836
India
I recently had an experience with RoboForex that truly highlighted their commitment to customer satisfaction. While my initial deposit of $31 was denied by my payment provider, the RoboForex support team went above and beyond to assist me in recovering my funds. I was genuinely surprised by the level of seriousness and professionalism they displayed for such a small amount. What impressed me most was their proactive approach and persistent effort in resolving the issue. They communicated clearly and regularly, keeping me informed of their progress. It's rare to see such dedication for a relatively minor transaction. Furthermore, I've found their withdrawal process to be remarkably fast. In my experience, withdrawals are processed almost instantly,
Positive
03-21
achmad1012
Malaysia
Best robo forex, alhamdulillah I have been a user for 3 years
Positive
02-08
FX3940597009
Malaysia
I already 5year using this broker deposit and withdrawal was no issue and problem.. In Malaysia withdrawal take less than minutes.. U can count second for withdrawal.. Withdrawal 1000GLD currency only take 2-4minutes arrived on your account bank.. For me so far this broker is very2 good..
Positive
01-15
Robert Yvk
Australia
Customer support at RoboForex is awesome! 😉Whenever I have a question or issue, they're always quick to respond and super helpful. Plus, their educational resources are also amazing!
Positive
2024-08-07
Carlos González G
Spain
Roboforex is the best forex broker I've come across since I started trading forex. An amazing feature is that they give a welcome bonus. It's not a huge amount, but enough for me to practice dealing. Besides, RoboForex has great copy trading, and I have successfully followed some good experts thus far.
Positive
2024-08-07
Sunnar
Peru
RoboForex stands out with its tight minimum spreads, offering traders excellent value for their money. Plus, being a well-regulated broker gives me peace of mind when it comes to my investments. Overall, a solid choice for serious traders.
Positive
2024-07-10
Dar2814
Philippines
Finding a reliable forex broker in the Philippines can be tough. You need a platform with fast execution speeds to ensure your trades go through at the quoted price, and easy deposit and withdrawal options to manage your funds smoothly. RoboForex stands out in both these areas. Here's why: Sharp Execution: RoboForex boasts excellent trade execution. Orders are filled quickly and efficiently, minimizing slippage (the difference between your desired price and the actual execution price). This is crucial for active traders who rely on precise entries and exits. Hassle-Free Philippine Transactions: Depositing and withdrawing funds is a breeze for Philippine residents. They offer a variety of popular local payment methods, allowing you to transfer funds quickly and securely. Whether it's your bank account, e-wallets like GCash or PayMaya, or debit/credit cards, you'll find a convenient option to suit your needs.
Positive
2024-06-24
FX2941043452
United Kingdom
Phone verification is required when registering. The first withdrawal after one month is credited instantly. Not bad.
Positive
2024-06-05
lee97479
Malaysia
Deposits are Easy-peasy, but withdrawals... reams of paperwork and personal info needed, felt like I was applying for a visa! And don't get me started on the spreads - yikes! 😱 Commission fee for paying out my own hard-earned money - well, I didn't see that coming!
Neutral
2024-04-19
FX7359315392
Bangladesh
I COME TO DENOUNCE THE BROKER ROBOFOREX ACCOUNT 22231436 WHICH ON JANUARY 18, 2021 AT 01:35 HRS FROM THE ROBOFOREX SERVER IN FULL HOURS ASIAN MARKET, AUSTRALIAN STOCK EXCHANGE OPEN WITHOUT HOLIDAY, THE BROKER STOPULA MELLIS SELLING APPLICATION OF APPLICATION MANIPULA MELLIS PRICES AT VALUES VERY DIFFERENT FROM THE PRICES WE ORDER FOR ME.
Exposure
2024-04-12
心如止水6957
Hong Kong
I deposited on RoboForex but was unable to withdraw because the application was under review.
Exposure
2024-04-12