RoboForex
4.6

RoboForex

Massive number of Instruments. Low withdrawal fee. High-quality charting.

Risk Warning:ย CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.ย 65.68% of retail investor accounts lose money when trading CFDs with this provider.

Explore our in-depth RoboForex review to uncover key insights about their trading platforms, account options, and competitive fees. Learn how RoboForex stacks up in the Forex trading industry to make an informed decision about your trading partner.

Quick Overview:

Website:roboforex.com
License:๐Ÿ‡ฒ๐Ÿ‡บ FSC
Established:2009
Broker Type:ECN, MM
Instruments:12000+
Max Leverage:1:2000
Min Deposit:10$
Fees:Low
Support:24/7
Segregated accounts
Compensation Fund
Algo Trading
Copy Trading
PAMM Accounts
Signals
Demo Account
Cent Account
Bonuses & Contests
Trading Fees
LowHigh
Execution Speed
LowHigh
Spreads
LowHigh
Pros
  • More then 12000 Instruments
  • Leverage up to 1:2000
  • Comprehensive platform selection, including MT4, MT5, and cTrader
  • Competitive pricing with transparent fee structures
  • 24/7 multilingual customer support
Cons
  • Doesn’t offer Cryptocurrencies
  • Some withdrawal methods incur fees

RoboForex Review 2024: Is It the Best Forex Broker for You?

Introduction

Since its establishment in 2009, RoboForex has become a leading Forex broker, offering a wide range of trading instruments, competitive fees, and multiple platforms. Serving clients globally, the broker is renowned for its innovative features and tailored trading solutions. But is RoboForex the right choice for you? This detailed RoboForex review will explore everything you need to know, from account types to customer support.

Regulation and Safety: Is RoboForex a Safe Broker?

RoboForex Ltd operates under the regulation of the International Financial Services Commission (IFSC) of Belize, license N.000138/7 , ensuring a basic level of oversight and client fund protection. The broker’s commitment to security is further demonstrated through segregated accounts and advanced encryption technologies, safeguarding client data.

RoboForex Regulation Page

Civil Liability Insurance:

RoboForex has implemented a Civil Liability insurance program with coverage up to โ‚ฌ2,500,000 (View Certificate), protecting clients against potential financial losses due to omissions, fraud, errors, and negligence, at no additional cost. This comprehensive insurance ensures that traders can focus on trading without concerns about the safety of their capital.

See more RoboForex’s Regulatory Compliance

Compensation Fund:

As an โ€œAโ€ category member, RoboForex participates in the Financial Commissionโ€™s Compensation Fund (View Certificate), which provides significant financial protection up to โ‚ฌ20,000 per case. This fund serves to compensate traders if RoboForex fails to comply with a judgment favoring the client. The fund is supported by monthly fees from member companies, ensuring a robust safety net for traders.

Verify My Trade Certification:

RoboForex has earned the Verify My Trade (VMT) execution quality certificate (View Certificate), affirming its adherence to the Financial Commissionโ€™s stringent standards. The partnership with VMT allows for the regular assessment of service quality through post-trade analysis of order executions. RoboForex submits 5,000 depersonalized client trades monthly for analysis, ensuring continuous compliance with industry standards.

RoboForex Account Types: Which is Right for You?

RoboForex offers a variety of account options to meet diverse trading strategies and preferences:

  • Prime Accounts: Designed for advanced traders, featuring low spreads from 0 pips and competitive commissions.
  • ECN Accounts: Preferred by experienced traders for direct market access and minimal spreads.
  • Standard Accounts: Attractive to beginners for their no commission structure and low initial deposits.
  • Cent Accounts: Ideal for newcomers and low-volume traders, allowing them to trade with minimal risk.
  • Islamic Accounts: These accounts cater to traders who need to adhere to Sharia law, offering no swaps.
  • CopyFX Accounts: Ideal for traders who wish to capitalize on the expertise of other successful traders
See more RoboForex’s Account Type details
  • Prime Account
  • ECN Account
  • R StocksTrader
  • ProCent Account
  • Pro Account

Trading account type with the best conditions available at the company. It is suitable for both currency and other types of markets.

Account currencyUSD, EUR, GOLD
Trading instruments28 currency pairs, Metals, CFD on US stocks, CFD on Indices, CFD on Oil, CFDs on Futures
Minimum deposit10 USD / 10 EUR
Commission for trading volume of 1 million USDYes
Accurate data on the commission for instruments can be found on “Contract specifications” page.
Execution typeMarket Execution
SpreadFloating from 0 pips
QuotesExtended (5 digits after comma)
Maximum leverage1:300
Minimum order volume (lots)0.01
Maximum order volume (lots)500
Maximum number of positionsNo restrictions
Minimum step volume0.01
Stop Out100%
“Cashback(Rebates)”Up to 10% of commission
% on account balanceUp to 10%
Free funds withdrawalYes
Swap-Free accountsNo
One-Click TradingYes
Trading account historyFor 1 year 
View More

The choice of experienced traders, which combines the highest order execution speed and competitive trading conditions.

Account currencyUSD, EUR, GOLD
Trading instruments28 currency pairs, Metals, CFD on US stocks, CFD on Indices, CFD on Oil, CFDs on Futures
Minimum deposit10 USD / 10 EUR
Commission for trading volume of 1 million USDYes
Accurate data on the commission for instruments can be found on “Contract specifications” page.
Execution typeMarket Execution
SpreadFloating from 0 pips
QuotesExtended (5 digits after comma)
Maximum leverage1:500
Minimum order volume (lots)0.01
Maximum order volume (lots)500
Maximum number of positions for MT4 accounts
Maximum number of open positions for MT5 accounts1000
Maximum number of active orders for MT5 accounts500
Minimum step volume0.01
Stop Out50%
“Cashback(Rebates)”Up to 10% of commission
% on account balanceUp to 10%
Free funds withdrawalYes
Swap-Free accountsNo
One-Click TradingYes
Trading account historyFor 1 year 
View More

A specific account type for trading through the R StocksTrader web platform and mobile app of the same name.

Account currencyUSD, EUR
Trading instrumentsMore than 12,000: Indices, Real stocks, CFD on stocks, Currencies and ETF, CFDs on Oil, CFDs on Metals, CFDs on Futures
First deposit100 USD
Commission
US Stocks (Deposit from 10,000 USD)0.009 USD per share
US Stocks0.025 USD per share
CFD on US stocks0.02 USD per share
CFD on EU stocks0.07%
Currencies15 USD per 1 million base currency
IndicesVariable
Minimum Commission
US Stocks (Deposit from 10,000 USD)0.5 USD
US Stocks2 USD
CFD on US stocks2 USD
CFD on EU stocks2.8 EUR / 2.8 GBP / 40 NOK / 40 SEK / 30 DKK
Currencies
Indices1 USD
Spread
US Stocks (Deposit from 10,000 USD)from 0.01 USD
US Stocksfrom 0.01 USD
CFD on US stocksfrom 0.01 USD
CFD on EU stocksfrom 0.000
Currenciesfrom 0
Indicesfrom 0.5
Leverage
US Stocks (Deposit from 10,000 USD)up to 1:20 (or by request)
US Stocks1:20
CFD on US stocksup to 1:20
CFD on EU stocksup to 1:5
Currenciesup to 1:500
Indices1:100
Maximum number of positionsNo limitations
Minimum price change0.01 USD
Swap-Free accountYes
Stop out20%
Free withdrawal of fundsYes
View More

An account type for testing strategies and EAs, as well as smooth transitioning from a demo account to real trading.

Account currencyUSD, EUR, GOLD
Trading instruments28 currency pairs, Metals
Minimum deposit10 USD / 10 EUR
Commission for trading volume of 1 million USDNot available
Execution typeMarket Execution
SpreadFloating from 1.3 pips
QuotesExtended (5 digits after comma)
Maximum leverage1:2000
Minimum order volume (lots)0.1 
Maximum order volume (lots)1,000
Maximum number of positions for MT4 accounts200
Maximum number of open positions for MT5 accounts1000
Maximum number of active orders for MT5 accounts500
Minimum step volume0.01
Stop Out30%
“Cashback(Rebates)”Fixed Rebates Payout
% on account balanceUp to 10%
Free funds withdrawalYes
Swap-Free accountsYes
One-Click TradingYes
Trading account historyFor 1 month 
View More

The most popular trading account type with beginners. It helps to โ€œflow intoโ€ real currency and CFD trading quickly.

Account currencyUSD, EUR, GOLD
Trading instruments28 currency pairs, Metals, CFD on US stocks, CFD on Indices, CFD on Oil, CFDs on Futures
Minimum deposit10 USD / 10 EUR
Commission for trading volume of 1 million USDNot available
Execution typeMarket Execution
SpreadFloating from 1.3 pips
QuotesExtended (5 digits after comma)
Maximum leverage1:2000
Minimum order volume (lots)0.01
Maximum order volume (lots)500
Maximum number of positions for MT4 accounts
Maximum number of open positions for MT5 accounts1000
Maximum number of active orders for MT5 accounts500
Minimum step volume0.01
Stop Out40%
“Cashback(Rebates)”Fixed Rebates Payout
% on account balanceUp to 10%
Free funds withdrawalYes
Swap-Free accountsYes
One-Click TradingYes
Trading account historyFor 1 year 
View More

Explore RoboForex Trading Platforms: MT4, MT5, R StockTrader, and More

RoboForex offers an extensive selection of trading platforms tailored to fit a variety of trading styles and needs:

  • MetaTrader 4 (MT4) and MetaTrader 5 (MT5): These platforms are renowned for their robust features and reliability. Highly preferred by traders for technical analysis and automated trading strategies, they are ideal for both novice and experienced traders.
  • R StockTrader: Specifically designed for traders who need access to global stock markets alongside traditional Forex trading, R StockTrader includes advanced analytical tools for comprehensive market analysis.
  • R MobileTrader: For traders on the move, R MobileTrader enables effective mobile trading directly from smartphones, facilitating real-time decision-making and trading.
  • R WebTrader: This web-based platform requires no downloads and offers a straightforward interface with advanced trading capabilities. R WebTrader is perfect for traders who need quick and easy access to their portfolios from any internet-connected device.
Screenshot of R WebTrader Platform
Custom RoboForex’s platform: R WebTrader

RoboForex Trading Instruments: How many Markets You can Trade?

RoboForex stands out for its extensive range of over 12000 trading instruments. Traders can engage in markets that include:

  • Forex: A wide array of major, minor, and exotic currency pairs.
  • Stocks and ETFs: Access to global stock exchanges and a variety of ETFs.
  • Indices and Futures: Trade on major world indices such as the S&P 500, NASDAQ, and more.
  • Commodities: Options include precious metals like gold and silver, along with energy commodities such as oil and gas.

View More about RoboForex Trading Instruments here

RoboForex Spreads, Fees, and Commissions: Transparent and Competitive

RoboForex is transparent about its commission and fee structure, which varies depending on the account type and trading platform used:

  • Prime and ECN Accounts: These accounts typically incur a commission fee based on the trade volume. The rates are competitive in the industry and are designed to benefit high-volume traders.
  • Standard and Cent Accounts: These accounts are mostly commission-free, but traders may encounter wider spreads as a trade-off.
  • R Trader: Commission fees on this platform can vary by asset class, with specific details provided on RoboForex’s website. The broker also occasionally offers promotions that include reduced commissions or rebates on certain trades, which can further enhance trading conditions for active traders.

View More about RoboForex Spreads and Fees here

RoboForex Customer Service and Support: 24/7 Availability

RoboForex excels in providing exceptional customer support, available 24/7. The support team is accessible via live chat, email, and phone, ensuring that assistance is always at hand. The multilingual support staff can handle inquiries in several languages, which is invaluable for a global user base. Traders frequently commend the prompt and knowledgeable responses, which enhance their overall trading experience and decision-making confidence.

RoboForex Support Page

Educational Resources and Tools: Learning with RoboForex

Education is a cornerstone of RoboForexโ€™s offerings. The broker provides a comprehensive suite of educational materials that cater to both novices and seasoned traders:

  • Training Videos and Webinars: Cover fundamental and technical trading strategies, market analysis, and the use of trading platforms.
  • Articles and E-books: Extensive guides on trading concepts, risk management, and psychological factors in trading.
  • Demo Accounts: An essential tool for beginners to practice strategies without financial risk and for experienced traders to test new ideas.
  • Analytical Tools: Includes advanced charting tools, economic calendars, and real-time market news, helping traders make informed decisions. These resources are crafted to enhance trading knowledge and skills, supporting traders through their journey in the Forex market.
Claws & Horns’s platform branded for RoboForex education

Our Conclusion: How RoboForex Measures Up in the Forex Brokerage Industry

"RoboForex distinguishes itself as a comprehensive broker equipped with advanced technological solutions and a wide range of trading instruments. Its commitment to providing robust educational resources and exceptional customer support reflects its dedication to supporting traders at all levels of experience. By maintaining a strong regulatory framework and offering a variety of platform choices, RoboForex ensures a reliable and efficient trading environment for those looking to engage with the Forex and CFD markets."

whatsthebestbroker.com

From 10$
Leverage up to 1:2000
License: ๐Ÿ‡ง๐Ÿ‡ฟ

12000+ instruments, fast trade execution, and low trading fees.

4.9
Trust & Safety
4.9
Platform & App
4.5
Trading Fees
4.2
Customer Service
4.6 Overall Rating

Best Brokers

Unmatched trading fees, generous bonuses, top notch Regulation Frame.

T&Cs Apply

Risk disclosure: All investments involve a degree of risk of some kind. Trading financial derivative products comes with a high risk of losing money rapidly due to leverage.

Top-Tier Regulations. Unmatched Spreads and Commissions. Trading View is available.

T&Cs Apply

Financial Spread Trades and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.7% of retail investor accounts lose money when trading CFDs with this provider.

Modern and Intuitive Interfaces, Solid Regulatory Frame, and excellent Trading Fees.

T&Cs Apply
Risk warning: Trading derivatives is highly speculative, carries an inherent risk of loss and is not suitable for all investors. Before trading, you are strongly advised to read and ensure that you understand the relevant risk disclosures and warnings.

Highly Regulated. Low Spreads and Commissions. Vast Account Options.

T&Cs Apply

Risk Warning: Trading derivatives carries significant risks. It is not suitable for all investors and if you are a professional client, you could lose substantially more than your initial investment.

RoboForex
4.6/5