RoboForex is an international broker trading all types of financial products (over 12,000 markets). The company was founded in 2009 and has a great history to this day. RoboForex Ltd has a special brokerage license IFSC Belize “Trading in financial and commodity-based derivative instruments and other securities” under the number IFSC000138/107TS. The address is 2118 Guava Street, Belama Phase 1, Belize City, Belize.

The broker Roboforex is headquartered in Belize and is regulated multiple times (more on that later). According to the website, it can be seen that it is a rapidly expanding company with more than 900,000 customers worldwide. Furthermore, it has multiple awards since 2009 and official sponsorship such as the Kickboxing World Champion Andrei Kulebin.

At first glance, it looks like a very diverse broker, because the offer with over 7 asset classes and 12,000 markets is overwhelming. Also, the conditions for traders are looking very impressive.

 

Facts of the broker:

  • Founded in 2009
  • A huge diversity of markets and account types
  • International online broker
  • RoboForex belongs to a big company group based in the EU
  • Sponsors and awards for the best broker
ADRESS: PHONE: EMAIL: SUPPORT:
2118 Guava Street, Belama Phase 1, Belize City, Belize +65 3158 8389 info@roboforex.com 24/7 Phone, Email, Chat

 

RoboForex regulation and safety of customer funds

Regulations and licenses are a very important topic in online trading. A trusted Forex Broker should have a license from an official/government regulator. This creates trust in the customer. The broker must adhere to certain criteria and perform tasks to obtain such a license. A violation of the rules would mean an immediate loss of the license. Fraud with regulated brokers is almost impossible.

As described above, RoboForex is regulated and licensed. The broker holds a brokerage license from IFSC in Belize for trading in financial derivative instruments and securities numbered IFSC 000138/107 TS. In addition, Roboforex is regulated by the TFC with the “category A”. This is an international license based in Hong Kong and England. This commission provides neutral arbitration and insurance coverage of up to € 20,000 in the event of an unlikely bankruptcy of the Company. The TFC reviews order execution, trading platforms, and other features of the broker.

Not to be forgotten is the security of customer funds. The company strictly keeps its funds separate from client funds from large international and liquid banks. In addition, there is no additional funding and the account is protected against negative balance.

RoboForex is regulated: 

Negative balance protection at RoboForex

As mentioned above, there is negative balance protection at RoboForex. Although the broker is not regulated within the EU, it guarantees its clients protection from the negative account balance. Since the leverage at RoboForex can be very high, it is possible to open large positions with little margin. In case of gaps or extreme volatility, market risks can cause high losses. RoboForex will stop you out of all positions beforehand if you have too little margin.

Fast execution of trades verified

The Financial Commission is not only an independent regulator. It also monitors execution at brokers. Over 5,000 order executions are analyzed every month. RoboForex also has the Verify My Trade certificate and openly advertises it. From my personal experience with this broker, I can also confirm that the execution is very fast and reliable. Even with high volume, you can rely on RoboForex.

REVIEW OF THE TRADING CONDITIONS FOR TRADERS

In total, over 12,000 financial products and 7 asset classes are in the broker’s portfolio. This makes a first good impression on us because only a few other brokers in this category offer such a wide range. With 6 trading platforms, the broker is also very broad.

RoboForex offers different account models customized to the trader’s request (read later on this page). From higher deposits (5,000 €) you can, for example, get cheaper fees when trading in the Prime Account. There are 7 different account currencies available. Another great advantage is that you can create an account and create multiple trading accounts within it. The transfer of funds is very easy.

In our experience, the order execution on many assets is very fast. The liquidity is always given, so opening large positions is not a problem. The costs of trading are pretty low and sting the competition. For example, trade forex from 0.0 pip spread. The trading fees always deviate from the account type. The maximum leverage of 1:2000 is extremely high but can be adjusted independently.

In summary, the fees and costs of trading compared to other providers in the low range. In addition, RoboForex scores with free and automatic cash withdrawals. From my experience, this broker is one with the best offer for private traders.

Typical spreads in ECN account: 

ASSET: SPREADS FROM:
EUR/USD 0.0 pips
GBP/USD 0.3 pips
USD/JPY 0.4 pips
OIL 0.04 points
GOLD 0.030 points

Forex

Trade over 40 different currency pairs from 0.0 pips spread at RoboForex. The leverage can be as high as 1:2000. However, it should be noted that this high leverage is not available in every account model. You can also set the leverage on your own when opening an account. Commissions start from $3 per traded 1 lot in the best account model. However, you will need a higher deposit for this. Trading fees may be higher for lower deposits.

Stocks

RoboForex offers trading in stocks via CFD with leverage up to 1:20 and via real exchange execution without leverage. More than 12,000 stocks are available at RoboForex. You get a very wide selection at this broker. A total of 3,000 real stocks and 8,400 CFDs on stocks are available. With CFDs, you can also easily go short. The spreads are also very favorable and start from just 1 cent. The minimum commissions are at least 0.25 USD per trade high. Another advantage is that you can trade the stocks 24/7.

Stock indices

Indices are very popular with most traders. RoboForex offers a very low spread of 0.5 points on the Dax for example. The commission depending on the account type starts from $4. In total, over 10 indices from around the world are offered.

ETFs

ETFs are an exchange-traded asset that includes many different markets. If you buy an ETF, it will invest in the underlying assets. RoboForex offers more than 1,000 ETFs for trading. Buy real ETFs or trade them via CFD with a leverage of up to 1:20. The spreads start from 0.0 pips and the minimum commission is 0.25 USD per trade.

Metals

Of course, you can also trade metals at RoboForex. Over 20 different markets are offered in this segment. The fees are very low here as well. Trade gold, silver, copper, and many more.

Commodities

Commodities are available with a leverage of up to 1:20. There are even more than 100 ETFs on agricultural commodities. This requires a minimum deposit of 100€. Spreads start as low as 0.01 in wheat, for example. RoboForex has a great offer here as well.

The best conditions for traders:

  • Trade over 12,000 products in 7 asset classes (stocks, commodities, forex, CFDs, and more)
  • Spreads from 0.0 pip and 6 different account models
  • Maximum leverage 1: 2000
  • Protection against the negative account balance
  • No fees on deposit and withdrawal (20 different payment methods)
  • Scalping and Expert Advisors are allowed
  • There is an own social trading platform
  • Bonus program

The trading platforms offer universal charting and many options for technical analysis. Use indicators, drawing tools, and chart plots to follow successful trading strategies. Also, benefit from fast order execution and deep pool liquidity.

These platforms are available:

  • Metatrader 4 (Forex and CFDs)
  • Metatrader 5 (Forex and CFDs)
  • cTrader (Direct STP for Forex Trading)
  • R Trader (Stock Trading)
  • RoboForex Terminals (Mobile Trading)

MetaTrader 4 and MetaTrader 5

MetaTrader 4/5 (pictured above) is best suited for the private trader to trade the markets at RoboForex. You can use this software for desktop, web browser, and mobile devices. You only need one access for it.

MetaTrader supports automated trading. You can use an “Expert Advisor” and run strategies automatically. Extensive charting features are offered. Use multi-charting, indicators, and drawing tools. With MetaTrader, you can design the trading according to your ideas.

Another advantage of the software is that you can add tools and plugins. MetaTrader is a basic framework and can be further expanded. In addition to the many setting options, professional portfolio management is also possible. From my experience, you should use this platform for trading at RoboForex.

cTrader

The cTrader is quite similar to the MetaTrader 4/5 but offers the trader more advantages in scalping (short-term trading). In cTrader, you get a more accurate insight into the liquidity and order flow of the market. Also, this software is very user-friendly and available for any device. Depending on your needs, this software may be the better choice.

RoboForex offers cTrader only in conjunction with a demo account, ECN account, or Pro-account. With it, you will get the fastest execution with high liquidity.

RTrader

RoboForex’s RTrader is suitable for trading all offered assets. Only with RTrader you can trade real stocks and ETFs. Over 12,000 instruments are available on this trading platform. RTrader is completely free and offers you universal charting similar to MetaTrader and cTrader.

For order flow, RTrader offers Level 2 market depth and even Time & Sales. A complete analysis is thereby possible. Automated trading is also supported. There is a construction kit for trading robots. From my experience, there is advanced portfolio management with multiple analysis options in RTrader. This platform is really universal and has the most features.

ECN and STP Trading Accounts

ECN / STP is direct access to the foreign exchange market through banks or liquidity providers. There are no conflicts of interest between brokers and traders. In addition, the fees are extremely low. RoboForex offers ECN or STP access depending on the type of account. Real shares can also be bought from the broker because the company has direct access to the stock market. Unlike a market maker, RoboForex rules out fraud, and 100% of the broker earns only through trading fees.

Mobile Trading for any device

Mobile trading is becoming increasingly important in the era of digitization. Traders also want to be able to trade the market from Unterwegs. With Roboforex apps, you can easily open and close positions with your smartphone or tablet. The apps are available for Android and iOS. Mobile Trading completes the broker’s portfolio and is another plus.

Professional charting and analysis with RoboForex

Technical Analysis is the world’s most successful and popular method of trading the markets. To do this you need a lot of different tools. The trading platforms come with an oversupply of indicators, drawing tools, and settings at the start. Use the candlestick display for advanced analysis. Thanks to the candlesticks, you can see, for example, high, low, opening, and closing prices in a certain period of time.

The platforms are so flexible that the analysis of each time unit is possible. There are also a number of technical analysis drawing tools available (horizontal, vertical, and trend lines). Even user-defined indicators, which can be downloaded on the Internet or programmed by oneself, can be integrated into the trading platforms.

Use different tools:

  • Indicators
  • Technical drawing tools
  • Different charts
  • Automatic trading
  • Social trading

CopyFX (Social Trading) for traders is a good opportunity

Also, copy trading is offered at RoboForex. This is a rarity for Forex and CFD brokers nowadays. With the CopyFX platform, you can access more than thousands of different traders. The minimum investment here is 100 $. Either you copy other traders or you are copied yourself. If you sign up as a trade you can receive high additional commissions.

The advantage of this platform is the exact transparency of the participants. Discover which trader performs best and assess the risk. You have full control of your account and deposits at all times.

RoboForex social trading:

  • Copy other traders for free
  • Registers as a trader and earn additional money
  • Full control about your money

Which account type I should choose? – There is a huge diversity

As already mentioned in the text above, there are more than 6 different account models adapted to the wishes of the trader. This is another big plus for RoboForex, as the selection offers traders the opportunity to optimize their trading. It should be noted, however, that not every financial product, such as cryptocurrencies, is available in every account. So it is worth the account models to go through before opening an account.

In the following points we give you an overview of the account types:

Pro-Account:

  • Fix spreads starting at 2.0 pips or variable spreads starting at 1.3 pips
  • Minimum deposit 10$
  • Maximal leverage 1:2000
  • Cashback up to 15% of the broker commission
  • Free withdrawals

ECN-Account:

  • Fix spreads starting at 1.6 pips and variable spreads starting at 0.0 pips (+commission 4$ per 1 lot+)
  • Minimum deposit: 10$
  • Maximal leverage 1:300
  • Cashback up to 15% of the broker commission
  • Free withdrawals

Prime-Account:

  • Variable spreads starting at 0.0 pips
  • Commission 3.5$ per 1 lot
  • Minimum deposit 100$
  • Maximal leverage 1:300
  • Cashback up to 15% of the broker commission
  • Free withdrawals

ProCent-Account:

  • This account is for small investments. The position size is 10 x smaller
  • Fix spreads starting at 2.0 pips and variable spreads starting at 1.3 pips
  • Minimum deposit 10$
  • Maximal leverage 1:2000
  • Cashback up to 15% of the broker commission
  • Free withdrawals

RTrader (Stock Trading)

  • Spreads starting at 0.0001 USD
  • 015 USD commission
  • Maximal leverage 1:200 (Trading hour)
  • Maximal leverage 1:4 (After trading hour)