RoboForex does not levy internal costs for deposits or withdrawals, and the secure Members Area handles all financial transactions. 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. The volume-based cash rebate program lowers the competitive costs further, and there is no inactivity fee at RoboForex. RoboForex received the Verify My Trade (VMT) certificate, confirming its compliance with the strict requirements of the Financial Commission.

• There’s also a useful video section that has 5-7-minute currency overviews for major pairs.
• The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.
• Traders also want to be able to trade the market from Unterwegs.
• Unlike a market maker, RoboForex rules out fraud, and 100% of the broker earns only through trading fees.
• Also, RoboForex is based in Belize so we recommend verifying all safety rules since it is not top-tier regulation.

The negative reviews here are weird in the sense that most of them are from people that didnt read TOS or don’t understand the broker policies. I’ve used this broker for 5 years now, and they have yet to disappoint. I made an account in this company and was trying to put in a little money and trade before I completely trusted the company. When I withdrew money, They began asking me for documents and proof to provide.

It is also a great place to diversify holdings with its more than 12,000 different available assets. If you prefer to trade without having to download anything, you can use the web platform R Trader, which gives you access to all global markets with a single account. This multi-asset terminal combines cutting-edge technologies and a classing design, which takes trading to a completely new level. At RoboForex, those using Islamic accounts are free from paying swaps. However, they do have to pay a fixed commission, which depends on the currency pair and number of open lots but not on the issuing banks’ interest rates.

Similar to the live account, you can always create a new demo account in the customer area. The verification takes only a few hours and is done with the upload of a passport and proof of residence. RoboForex’s RTrader is suitable for trading all offered assets. Over 12,000 instruments are available on this trading platform. RTrader is completely free and offers you universal charting similar to MetaTrader and cTrader.

MetaTrader 5

This platform requires no download or installation and offers a simple, user-friendly interface for trading. RoboForex is a popular International  Forex Broker recognized by the experts in the Financial Market, while operating since 2009 with service around the world. The reason that Roboforex asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Roboforex has to be careful that they don’t breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Roboforex must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law. If you sign up to get a demo account with Roboforex, you may set out using a decent amount of virtual currency.

The broker also offers excellent customer support, with multiple channels available for assistance. Overall, I am really impressed by so many aspects of this brokers. They tick a lot of important boxes including a great range of platforms, lots of instruments and excellent support. You can trade a vast array of markets with excellent trading conditions.

It will require you to fill in details pertaining to the credibility and security of your account. You will probably also have top go through the standard KYC (Know Your Customer) checks but Roboforex are normally pretty quick with this. If trading currency pairs is of interest to you then Roboforex offer over 35 forex pairs.

But you should first remember the higher your trading volume, the higher the bonus. Roboforex clearly wants to incentivize the client to trade more and invest more money. With the CopyFX platform, you can access more than thousands of different traders. If you sign up as a trade you can receive high additional commissions. In total 5 various trading platforms based on the Metatrader are offered for trading. The right apps are also available for smartphones and tablets.

Among many other things, the Forex broker offers as much as 12,000 trading assets. This way, you can diversify your trading portfolios very easily. The broker also offers phenomenal educational material, which you can use to grow as a Forex trader.

Review of RoboForex – Regulatory status

There are two major types of commodities available, they are hard and soft commodities. Soft commodities are those that are a result of agricultural activities, such as wheat and flour. These include everything from gold and silver to crude oil and energies.

• MT4 is one of the most popular platforms used by new and experienced traders across the world.
• A fantastic agent can use your initial investments and help to protect it from losses but also give you a platform that can help to give you favourable profits.
• From my experience, you should use this platform for trading at RoboForex.
• Another great option for beginner traders is the cent account.

RoboForex commodities incorporate low-risk trading conditions in a Forex market. With these strategies, traders are assured that the company is legit and well-protected. On RoboForex, the payment methods available to forex investors have a minimum compensation cost. The minimum conformity for deposits is 10 EUR USD for standard accounts. The local bank transfer payment method enables you to make fund transfers in the local currency directly from your bank account to your RoboForex Account. Main advantages include payments in a local currency, low fees, quick execution, high degree of security.

RoboForex

To that, we can very proudly say that RoboForex is a legit broker. The broker has, however, taken out insurance against civil liability claims to help protect both its clients and itself. To start the registration process, simply click on the green open trading account button on the official RoboForex website.

Commissions could be fixed or determined by the traded volume. On the other hand, a spread refers to the gap between the buying and selling cost. Funding or overnight rates are those who are billed when you maintain a leveraged position for more than a day. You can download the Roboforex app or also trade with Roboforex through the MetaTrader 4 application on the Apple app store. If you feel that Roboforex is not right for you then at the bottom of this Roboforex review you will find a lot of alternatives to Roboforex. After establishing itself in 2009, their consumer base has increased to 10,000+ clients.

You will get access to 54 technical indicators and 14 timeframes, in addition to the rare types of orders. ECN accounts are mostly intended for professional traders, who prefer the best trading conditions. It offers traders the tightest spreads and high execution speed. Most importantly, access to higher leverage and more than 35 currency pairs. Prime Account is also a very good choice for experienced traders.

At RoboForex, clients of the Pro-Cent and Pro-Standard accounts are credited with a welcome bonus reward of $30. This RoboForex bonus comes with a minimum deposit of $10 through any bank card payment offering. To receive these bonus funds, the user needs to sign up with RoboForex. Forex broker RoboForex – is an experienced financial company that offers clients trading in different assets, training materials, analytics, professional trading terminals, etc. And yet, despite the large number of its own developments for clients, it does not look the best when studying its activities and agreement details in depth.

Mobile Trading completes the broker’s portfolio and is another plus. Funding options include bank wire, credit card and online payment systems such as Neteller and Skrill. I like that there are digital wallets for quick and easy funding. This can be important if you want to move funds around quickly to try and capitalise on some market news. There is a vast frequently asked questions area on the RoboForex website that covers a range of topics from the services and products they provide to general trading questions.

So, let’s dive deep into the offerings of RoboForex broker and learn everything that there is to know about this well-known Forex broker. For your convenience, Benzinga has compiled a chart comparing RoboForex with some of its online https://forexhero.info/ broker competitors shown below. Overall, RoboForex can be summarised as a safe broker that is fully regulated by the Financial Services Commission. However, in the case of the R Trader account, the min deposit is 100 USD.

You can also learn how to deal with your emotions while putting a very little amount of money at risk. As our review of RoboForex FX broker shows, there are more than 12,000 trading instruments available for traders. No matter what you are looking for in Forex trading, you are most likely to find it at this Forex broker. Overall, this award-winning broker is very competitive and well worth checking out to see if it will meet your needs. You can even open an account at RoboForex and start trading within five minutes. Trading with RoboForex will involve fees from $10 USD, spreads from 0.01 pips to 1.3 pips, and commission-free trading depending on the account traders select.

The trading fees are very low and you get a quick and direct execution. Also, the bonus program is highly recommended and can generate for you additional income. VPS’s can be accessed via desktop, laptop or mobile devices at the same time.

I have my own VPS which is ideal for running my MT4 accounts without needing my laptop switched on all the time. I can easily login to my VPS or check the progress of trades from my phone using the MT4 app. The CopyFX platform allows traders to copy other traders’ transactions or to offer strategies for others to copy.

The minimum investment required is $100, and there are thousands of participating traders. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade.

Thanks to the wide range of trading platforms available at RoboForex, everyone can find something that they like. As our review of RoboForex shows, the company is based in Belize, which means that it is regulated by the Internationa Financial Services Commission of Belize. It also is part of the Financial Commission and Compensation Fund, which means that your funds will be safe with this Forex broker. The Forex broker offers more than 12,000 trading instruments, across 8 different asset types.

We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. Opening a trading account at RoboForex is a fast and simple process. You limefx simply complete the short online registration form to get access to the members area. Upon completion you can then apply for a trading account which will require you to upload some documentation for KYC purposes.