roboforex review

Deposits are instant, however, there are withdrawal fees depending on the system used. If you’re not sure about which account you should choose, just register for RoboForex and you will be able to create any type of account available. RoboForex is one of the reliable and trusted brokers when it comes to trading. Forex Admin is a blog where you can find an in-depth analysis of Forex Brokers, Stocks, CFDs, ETFs, and other financial instruments to make informed decisions.

Web Trading Apps

It employs various security measures, including SSL encryption and negative balance protection, to safeguard client funds​​​​. When it comes to funding your account, this is yet another area in which the broker really excels. They have vast range of over 20 payment systems that you can use for depositing and withdrawing funds to and from your trading account. There is 0% commission for deposits and withdrawals as all expenses are covered by the broker. They also compensate clients commission for funds withdrawal twice a month.

Several options to trade

It necessitates a minimum deposit of $10 and boasts numerous offerings, such as 36 forex pairs and CFDs. The spreads are flexible, with the starting point at 0.0 pips, but require a fee of $20 per million transacted. The firm’s clientele comprises novice and experienced traders who benefit from their diverse selection of trading platforms and products. Overall, RoboForex can be summarised as a trustworthy and highly regulated Forex Broker that provides excellent trading services. RoboForex offers access to top-tier customer support and has a trust score of 94 out of 99.

  1. Why do people write false negative reviews of a company like these and mislead clients who are desperate for a good and genuine broker like Roboforex???.
  2. If you have experience trading with RoboForex please share your personal review of the broker and what you think are strong and weak points.
  3. This includes powerful tools for market analysis , calculators, calendars and a handy VPS service for running your platform remotely.
  4. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.

RoboForex Fees & Spreads 🤝

Conversely, a scam broker can easily undermine your safety and profitability in the market. Again ETFs can be traded with all account types except the ProCent account. There are more than 1,000 ETFs to choose from and the spread starts from rock bottom at 0 pips. The R StocksTrader account has spreads from 0 pips on forex, and from 0.01 USD on US stocks. The commissions on each asset class with the account are also noted below. Though these fees apply, you can benefit from the special “withdraw without commission” program.

RoboForex Trading Accounts, Deposits, and Withdrawals

roboforex review

We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team. It should be emphasized that anybody may function as both an investor and a trader simultaneously. In the client’s account, all data on the efficacy of copying trading are presented.

roboforex review

RoboForex Review – Analysis of Brokers’ Main Features

Currency conversion fees might be imposed when traders deposit money in currencies other than the base currency of their trading account. Traders should be aware of these costs and consider them before making deposits or withdrawals. The Pro Account offered by RoboForex targets a clientele of professional traders seeking trading platforms free from commission and boasting tight spreads. Customer support along with other conditions is excellent at RoboForex. Clients can access live chat and connect with the broker within seconds.

The spreads can also be 1.2 pips, depending on the trading account selected. At the moment of this review, there are 3 active promotions available for all registered clients. Namely, they are a Welcome Bonus of 30 USD, a Tradable Bonus of Up to 50%, and a Deposit Bonus of up to 115%. This further enhances the appeal of RoboForex’s trading platform for pretty much anyone, although, we should point out that a Forex bonus should never be the deciding factor of your broker choice.

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. Users can specify conditions and create subscriptions from within the RoboForex Members Area. I found some interesting looking signals but the risk was too much for my taste.

RoboForex offers multilingual support, providing assistance in over 12 languages, including English, Malaysian, Indonesian, Arabic, and Spanish. One standout tool is the economic calendar, which provides insights into key global economic events and indicators, aiding in predicting market movements based on forthcoming economic data. RoboForex has a strong investment offering relative to the industry standard, although its 12,000+ instruments appear modest when compared to giants like Blackbull (26,000+) and IG (17,000+). Having said that, withdrawals executed through electronic payment options are typically much faster, often processed within minutes to a maximum of one day.

Yes, RoboForex gives traders access to worldwide stock markets, enabling them to trade CFDs on equities from big firms listed on multiple international exchanges. Traders may use the platforms and conduct transactions at no extra cost. Yes, current RoboForex customers can request to alter account types by contacting the customer care service. This regulatory framework ensures traders’ compliance with established norms and standards, providing additional protection.

Finally, there is are the Roboforex Terminals that are available via web trader (R WebTrader) and mobile trading app (R MobileTrader) . Here you will have access to an additional 13 technical indicators and 9 graphic and charting tools to help with trading. The spread here starts from 0 pips depending on your account type. An overnight fee is charged here, as it is with other brokers, on all CFD assets offered.