RoboForex Review​ | What is RoboForex?

RoboForex Review

  • Leverage:  From 1:30 | Up To 1:1000
  • Regulation: CySEC, IFSC
  • Min. Deposit: 10$
  • HQ: Belize
  • Platforms: MT4, MT5, cTrader, RTrader
  • Found in: 2009

RoboForex Licenses

RoboMarkets Ltd – authorized by CySEC (Cyprus) registration no.  191/13

RoboForex Ltd – authorized by IFSC (Belize) registration no. IFSC/60/271/TS/17.

4.5/5
RoboForex Total Reating 92%

What is RoboForex?

RoboForex is approved by the leading respected of the Financial Market operating from 2009. RoboForex services around the world and RoboMarkets Ltd located in Cyprus that support countries of the EU and therefore the EEA.R Robo forex has over 3,523,000 clients from nearly 169 countries, and it’s been the winner of several prestigious awards, including the worldwide Brands Magazine Awards’ “Best Investment Products,” the worldwide Forex Awards “Most Transparent Asian Forex Broker,” the International Business Magazine’s “Most Trusted Broker,” and therefore the IAFT Awards’ “Best Broker of the CIS,” among others.

During the history of its development, the broker serves many clients around the world and got a variety of recognition for its advanced trading proposal, including tailored conditions suitable as various styles, trading sizes, and portfolio traders. Additionally, one among the good things in the RoboForex proposal may be a good range of trading software or platforms where you’ll select between industry-powerful MetaTrader, cTrader, or proprietary R Trader.

Furthermore, aside from the various developed technologies, which supply solutions through trading, RoboForex performs a ContestFX – a contest project of a replacement type. Wherever Contests on demo accounts are held weekly including monthly while prizes are deposited to real trading accounts allowing you to start a large trading carer.

Is RoboForex legit?

Two companies are registered by RoboForex Group, which are, RoboMarkets Ltd an EU entity broker regulated by the CySEC, and RoboForex Ltd a world forex brokerage registered by the IFSC, Belize.

Is RoboForex safe or a scam?
While checking if the broker is legit, safe, or not you ought to check on its regulatory status, and just in case it’s solely an offshore firm better to remain away, as risks are high.

Leverage

RoboForex can support you if you adhere to use high leverage levels with a plan to maximize your earnings.
Leverage may increase your potential gains sensible through its possibility to multiple initial accounts, yet confirm to find out the way to use leverage correctly, as leverage may increase your potential losses too.

RoboForex leverage levels are defined by many measures and are set following regulatory requirements. you’ll use for leverage 1:400, 1:500, or maybe a maximum of 1:2000 by confirming your status.
However, just in case you’re a resident of Europe or trading with the Cyprus entity of RoboForex, you’ll suits ESMA regulation, which lowered leverage to the utmost ratio of 1:30 on Forex instruments and 1:5 for Cryptocurrencies.

RoboForex offers 6 account types, to suit the various needs and requirements of their clients, also you’ll use a state currency as your account base currency, which includes USD, EUR, RUB, CNY, GOLD, BTC.


The range includes Cent Account as an excellent choice to start or test robots or those that feature floating spread or even to use tight spreads from 0 pips with a further commission. it’s a fact the start of either sophisticated professional will find correct conditions to use, alongside Islamic traders who are ready to apply for a swap-free account.

Instruments

The market range includes the world’s key markets with 8 asset classes like Forex, Stocks, Indices, ETFs, Soft Commodities, Energies, Metals, and over 6 Cryptocurrencies also with an opportunity to trade through leverage.

 

Deposit and Withdrawal

With RoboForex the possible payment methods let you transfer money with support and include over 20 options like bank transfer, card payment, and a large number of e-wallets like Skrill, Neteller, POLi, Fasapay, and more.

To start you’ll choose the extent of your account while opening, and you’ll trade for free of charge with a Demo account. With a minimum deposit of 10$, it’ll convert to a live account, Pro-standard or Pro-cent.


RoboForex rewards and implements a 0% commission policy for all deposits and many withdrawals where all fees are covered.

Trading Platforms

CopyFX

CopyFX platform may be a perfect choice for a simple yet reliable investment with the selection among over 1 000 traders. The copyFX platform could also be an ideal choice for an easy yet reliable investment with the choice among over 1,000 traders and therefore the RoboForex RAMM platform allows profiting non only from Copy trading but improved risk management policies including optimization tools.

RoboForex features a wide selection of platforms to settle on from, that might suit any trading demands and suits your style.
the most offering is that the MT4 and MT5 platforms, and cTrader. RoboForex also developed an exclusive platform as a Web Trader and Mobile Trader.

R Trader
R trader Strategy builder may be a free and convenient tool available for traders with a purpose to automate performance, which may be a great solution since it doesn’t require any programming skills.
Both offer full control over positions and orders, featuring an equivalent functionality with the fastest in industry charts and advanced analysis tools.

MetaTrader4 and MetaTrader5
MT4 is that the hottest platform, which incorporates advanced chart features alongside robots and indicators that permits you to perform powerful technical analysis.
If you favor the newest version of MetaTrader – MT5 will allow the selection between net and hedge systems through four sorts of executions.
MT5 features comprehensive analysis tools, market depth as a well multi-currency tester with data from sources like FxWirePro and Claws & Horns companies.

Customer Support

The broker works 24/7 customer service available through live chat, emails, global phone lines, also offering callback service and assisting 11 languages.

FAQ

Overall, on our RoboForex review, the broker scores an outstanding 4.8 out of 5.0 because it may be a great choice for traders trying to find diversity of trading platforms and, mainly, due to the broker’s trading accounts in cents.

If you compare ECN accounts of other brokers, RoboForex has the simplest trading conditions for scalping.

RoboForex is an STP/ECN broker, meaning they provide both sorts of accounts. The accounts are designed for various trading styles and levels of experience and expertise.

According to an investigation in South Africa, RoboForex regulated by the IFSC has been operating since 2009 in a couple of worlds presented entities namely RoboForex, including services around the world, and RoboMarkets Ltd, located in Cyprus that support countries of the EU and therefore the EEA.

Leave a Comment

Your email address will not be published.