RoboForex Review 2019 | Is RoboForex a Scam or Legit Forex Broker?

Read our RoboForex review to find out if RoboForex is a scam or a reliable forex broker. Unbiased Forex brokers reviews combined with user comments.

Average broker rating

3.2/ 5

Rating breakdown

Protection & Regulations
40% Complete (danger)
2.0/5
Trading platforms
60% Complete (danger)
3.0/5
Tradable Products
100% Complete (danger)
5.0/5
Deposit and withdrawal
100% Complete (danger)
5.0/5
Trading Fees
20% Complete (danger)
1.0/5
Support
60% Complete (danger)
3.0/5
RoboForex
RoboForex Overview

RoboForex Ltd is an online broker that offer low spreads, multiple trading instruments, multiple platforms and limited bonuses.

# Broker's Features ROBOFOREX Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review RoboForex.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. RoboForex offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Crypto.

Tradable Products: Choose from over 9,000 trading instruments available on the RoboForex trading platforms, across 50 currency pairs, 26 cryptocurrencies, 8600 stocks and 9 indices.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. RoboForex is Dealing Desk, DMA, ECN, Market Maker, No dealing d.

Features: Choose from several available trading platforms on RoboForex including MT4 and MT5 plus R Trader. Use the RoboForex VPS and trading calendar.

Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. RoboForex recommended minimum capital is $10.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. RoboForex is regulated by IFSC. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Investor Protection & Regulations: Regulated by the IFSC, investor funds are protected by account segregation and Financial Commissions’ compensation. RoboForex provides security through industry best security practices and compliance to the regulatory provisions of IFSC. These include segregated accounts and encryption technology.

Languages Available: Next lets have a look at each broker's different Language options. RoboForex offers Arabic, Chinese, Czech, English, German, Italian,.

Payment methods: Next lets have a look at each broker's payment options. RoboForex offers China UnionPay, Credit Card, FasaPay, Neteller, Poli, QIWI, Skrill different payment methods for each account types.

Deposit and withdrawal: Roboforex offers several payment options, depending on country of domicile. These include e-wallets, credit/debit cards and bank wire. Withdrawals are processed within 1 day and are charged.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, RoboForex makes cTrader, MetaTrader 4, MetaTrader 5, Proprietary available to clients.

Web & Desktop Trading Platforms: Multiple trading platforms are provided by RoboForex, which include MT4, MT5, cTrader, R webtrader and the R Trader.
Mobile Trading Platforms: RoboForex platforms are all available on the mobile platforms. The MT4, MT5 and cTrader all have downloadable android and iOS versions. They can be downloaded from their respective stores or from the link on the RoboForex website.

Other

Trader Education
For trader education, several instructional videos are available as well as walk-through guides and tutorials.

Promotions
RoboForex offers several bonuses to its client including a welcome bonus of $30 for every new client, a profit share bonus and a classic bonus

Support
Very fast, reliable and efficient customer support is available in 12 languages 24/7

Recup
RoboForex is regulated by the IFSC and provides adequate security and protection of investor funds. The brand’s own platforms are suitable for every level of trader. Trading charges are low and you can get access to over 6,000 trading instruments.

Final Thoughts
Customers are rewarded with bonuses and are also provided with technical analysis, market news and signals. RoboForex can be described as a good and efficient brokerage brand.

Trading Experience
The overall experience is rich for traders of all levels, it includes a variety of resources and a wide selection of trading technology.

People Also Asked

Is RoboForex regulated?
Yes, RoboForex is regulated by top-tier regulators, IFSC inclusive.
Where is RoboForex based?
RoboForex is based in Belize
How does RoboForex make money?
RoboForex charges a spread between the bid price and ask price. In some instances it also charges a commission.
How do I deposit in RoboForex account?
With RoboForex you can deposit money via the following means; China UnionPay, Credit Card, FasaPay, Neteller, Poli, QIWI, Skrill.
How do I withdrawal in RoboForex account?
RoboForex lets you request a withdrawal of funds from your account via the following means; N/A.
What is the minimum deposit for RoboForex?
RoboForex has $10 minimum deposit.
What are the available account base currencies with RoboForex?
RoboForex trading accounts are offered in N/A. If your country's currency isn't included in the list, you will need to open an account with another currency base.
What is the max leverage in RoboForex?
RoboForex has a maximum leverage is 1:2000 for professional traders.
How do I open an account with RoboForex?
Opening an account with RoboForex is a three-step process. First fill out the registration form, second is to send verification details to the verification department and lastly is to fund your account.
Does RoboForex use MetaTrader?
RoboForex platforms: Yes, RoboForex use MetaTrader as well as the following platforms: cTrader, MetaTrader 4, MetaTrader 5, Proprietary
What type of broker is RoboForex?
RoboForex appears to be a Dealing Desk, DMA, ECN, Market Maker, No dealing d broker which offers market access to a variety of traders.
Does RoboForex accept US clients?
No
Does RoboForex offers Islamic accounts ?
Yes
What financial instruments can I trade?
You can trade a wide variety of instruments with RoboForex: You can trade a wide variety of instruments with RoboForex: Currencies, Commodities, Indices, Stocks, Crypto