RoboForex Ltd is an online broker that offer low spreads, multiple trading instruments, multiple platforms and limited bonuses.
|#||Broker's Features||ROBOFOREX Availability|
|#||Accepts US traders||❌|
|#||24 hour trading||❌|
|#||Trading by phone||❌|
|#||1st deposit bonus||❌|
|#||Forex contests competitions||❌|
|#||Interest charges on the balance||❌|
|#||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, Cryptocurrency.
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.
RoboForex allows you to execute a minimum trade of 0.01. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As a market maker, RoboForex may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.
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 English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, Ukrainian.
Payment methods: Next lets have a look at each broker's payment options. RoboForex offers Credit/Debit Cards, Bank Transfer, Payoneer ,Neteller 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, MT4, MT5, 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.
For trader education, several instructional videos are available as well as walk-through guides and tutorials.
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
Very fast, reliable and efficient customer support is available in 12 languages 24/7
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.
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.
The overall experience is rich for traders of all levels, it includes a variety of resources and a wide selection of trading technology.