RoboForex Review 2025: Pros, Cons & Features

roboforex review

Newer user ratings have greater impact than older ratings and user ratings have no impact after 5+ years old. The more reviews a company receives, the higher the maximum possible aggregate user rating. After 100 reviews a company can receive the highest rating, which is an average of their user ratings. No, since RoboForex does not cater to traders from the USA, it does not have a regulatory license in the USA. A quick online form asking for a name, e-mail, and valid mobile phone number grants access to the back office. Account verification is mandatory, per regulatory requirements, and RoboForex remains in full compliance.

How much does RoboForex charge?

  • fee. Deposit: 0.5% Withdraw: 0.5%
  • Processing time. Deposit: up to 1 day. Withdraw: up to 1 day.
  • limitations. Deposit: 5 – 25,000 USD. Withdraw: from 0.1 USD.

RoboForex Trading Accounts, Deposits, and Withdrawals

However, there are just three trading instruments in this category, with quick charts available to track positions. There are nine asset types available on RoboForex, which is a wide range. You’ll find stocks, indices, CFDs on futures, ETFs, soft commodities, energies, metals, currencies. For the convenience of clients, MetaTrader 4/5, R Trader, and the application for RoboForex allow you to work almost anywhere in the world with an internet connection. All operations are carried out quickly and accurately, which is a huge plus when working with a trading platform of this size. I absolutely like the creative design, the modern and cutting-edge technology used, the eye-catching advertisement by the company, and the wide selection of bonus programs and promotion options.

Since the moment the company was established, its list of products and services significantly expanded keeping excellent quality on each stage. Before you enter foreign exchange and stock markets, you have to remember that trading currencies and other investment products is trading in nature and always involves a considerable risk. As a result of various financial fluctuations, you may not only significantly increase your capital, but also lose it completely. FSC (Financial Services Commission) is a Belizean regulator of the financial services market of the international level.

  1. The broker adheres to all essential safety requirements, such as keeping its client funds in segregated accounts and providing negative balance protection.
  2. The information provided on this website is for informational purposes only and does not constitute financial advice.
  3. As a hosted solution, you don’t need to install any software to use the Web trader.
  4. One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative.
  5. RoboForex’s customer support is available 24/7 and can be reached via the official number present on the site during business days and weekends.
  6. Our data comes from our sophisticated spread analyzer tool, which collects live account information and syncs with our performance analytics system.

Headquartered in Belize City, RoboForex is a brokerage firm that has risen to be one of the biggest within the trading industry. RoboForex is also registered to FSC (Financial Services Commission) Belizean regulatory. Generally, RoboForex inactivity fee is charged if an account is kept dormant for a long period, such as 12 months. It is about $10 per month, which again would depend upon the account type.

Alongside superior order execution with no dealing desk intervention, it provides one of the industry’s most innovative trading experiences. Our reviews are unique in that they do not have any bias for or against any broker and are driven purely on the underlying data we compile from live account testing, regulatory data, and opinions from customers. Read our https://traderoom.info/what-to-expect-from-roboforex-broker/ About Us page to read our editorial guidelines and how we make money.

Where is RoboForex based?

roboforex review

Last but not least, RoboForex’s execution performance is monitored by VerifyMyTrade, ensuring that the broker maintains and adheres to the best execution standards. In our Trust category assessments, we evaluate factors tied to stability and transparency, including the broker’s longevity, company size, and information transparency. However, licenses obtained from regulators in different jurisdictions do not always entail the same degree of protection. We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.

Bad experience… Well recovered

RoboForex has several accounts that support the MetaTrader software. One of the advantages of MetaTrader is it packs over 50 technical indicators. Also, being in the market for a long time, you can buy a range of custom technical indicators for this platform as well as fully automated trading algorithms. In partnership with Claws and Horns, a respected market news aggregator and publisher, RoboForex provides a constant stream of news that impacts the markets.

  1. She is continually expanding her knowledge in Forex trading, staying informed about the latest trends and identifying the best trading environments for new traders.
  2. Together with its history and excellent regulatory track record, RoboForex ranks among the safest brokers.
  3. Nonetheless, most offshore brokers compete in the market by being honest and providing quality services instead of focusing on the regulatory restrictions put on them by an external regulator.
  4. Account verification is mandatory, per regulatory requirements, and RoboForex remains in full compliance.
  5. Last but not least, RoboForex’s execution performance is monitored by VerifyMyTrade, ensuring that the broker maintains and adheres to the best execution standards.
  6. The minimum investment required is $100, and there are thousands of participating traders.

I prefer going through each category so I can streamline what I need for myself according to my trading activities. Another important feature here is the search icon, which helps me navigate the broker’s blog section easily and quickly discover the articles I need. To add to all of these, all investments are stored on specially-generated accounts in well-known banks with excellent reputations. If you’re still in doubt, then you should know that there is a compensation fund which allows you to receive payments in case the broker becomes insolvent — a good sign for security-conscious users. Based on some of RoboForex clients, I found one thing common among them which is the positive look they have of RoboForex and they have all satisfied customers.

Which is the safest forex broker?

  • Best Overall: IG.
  • Best for Low Costs: XTB.
  • Best for Beginners: AvaTrade.
  • Best for Advanced Traders: Pepperstone.
  • Best for Active Traders: CMC Markets.
  • Best for Mobile: FOREX.com.
  • Best for U.S. Traders: tastyfx.
  • Best for Trading Experience: CMC Markets.

Copy trading services are also active and investors can copy successful traders’ performance. The account can be funded using credit/debit cards (except for Maestro), wire transfers, and e-wallets like Skrill and Neteller. But there’s more to RoboForex’s payment methods than we can physically mention.

In the table below we have compiled the key features of the broker, including Trading Platforms, Fees, Available Instrument Range, Minimum Deposits, Education, etc. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis.

A copy of an ID and a proof of residency document generally satisfies this step. The swap rates for leveraged traders are the cheapest I have seen anywhere, and the overall pricing environment for Forex traders is ideal for scalpers and high-frequency traders. I rank the commission-based pricing environment at RoboForex among the best industry-wide.

roboforex review

So if you trade or make deposit withdrawal in different currency auto conversion fees will be applicable too, we advise to select most appropriate base currency then for you to avoid these extra fees. On the other hand, due to its Belize regulation, RoboForex is not a suitable choice for those who are concerned Broker hold top-tier license. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of leverage. Essentially, the broker lends the trader money so that they can open bigger positions.

How old is RoboForex?

RoboForex is a Belize-based financial derivatives broker established in 2009. It offers over 12,000 tradable instruments, focusing on share CFDs. RoboForex stands out for its favorable prices and a choice of trading platforms, including MetaTrader 4, MetaTrader 5, and the broker's proprietary R StocksTrader.

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