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RoboForex Review

RoboForex Review

 

ROBOFOREX GENERAL INFORMATION

Founded: ROBOFOREX was founded in 2009

Headquarters: ROBOFOREX maintains headquarters in Belize

US Residents: ROBOFOREX does not accept US traders –No-

Islamic Accounts: ROBOFOREX provide Islamic Accounts, Instead of the swap, the owners of Swap-Free accounts are charged a fixed commission –Yes-

Regulated: ROBOFOREX is regulated by FSC 000138/437

ROBOFOREX offer MT4 and MT5 WebTrader versionsWeb-Site Languages: English, Arabic, Chinese, German, Spanish, Russian, Indonesian, Italian, Malay, Portuguese, Polish, Thai, and more

■ Customer Support Languages: English, Chinese, Spanish, Russian, Indonesian, Malay, and Portuguese

 

ROBOFOREX TRADING INFO SUMMARY

■ Broker Type: ECN (DD/NDD)

■ CFD Trading: -Yes-

Platforms: MetaTrader4 (MT4) and a MetaTrader-5 (MT5), RoboForex RTrader, Copy-Trading

Trading Time Zone: GMT+2

■ Demo Account: Yes-

■ Typical Spread EUR/USD:

  • 1.3 pip (Standard account, no commissions)

■ Leverage: 30:1 (EU) and higher for other regions

Scalping/Hedging: are both allowed at ROBOFOREX Yes-

■ Bonus: ROBOFOREX offer several types of credit bonuses and a $30 welcome bonus

■ Minimum Account: only $10

Visit the RoboForex Website

 

ASSET INDEX

RoboForex offer a wide asset index including several Forex pairs and cryptocurrencies.

36 Forex pairs

□ Metals

□ CFD on US stocks and on Indices

□ CFD on Oil

□ Cryptocurrencies

□ CFDs on Futures

 

TRADING PLATFORMS & MOBILE

■ Roboforex offer MetaTrader4 (MT4) and a MetaTrader-5 (MT5), WebTrader, and R StocksTrader

Scalping, Hedging, and Automated Trading are all fully allowed

■ A demo account is available

■ Copy-Trading Platforms

Roboforex offer CopyFX and RAMM platforms:

  • Copy single orders or entire copy trading strategies
  • Create trade strategies of cooperation with other traders

 

ROBOFOREX DEPOSIT/WITHDRAWAL METHODS

ROBOFOREX Fund Methods:

Credit/Debit Cards (Visa / Mastercard / Maestro)

Bank Wire

■ Bitcoin & Bitcoin Cash

■ Ethereum & Litecoin

MoneyBookers Skrill

■ Neteller

■ CashU

■ giropay 

■ Liqpay

■ iDEAL

■ Perfect Money

■ UnionPay

■ WebMoney

-Very small withdrawal fees, but instant withdrawals

 

VIP Services

  • Personal VIP Manager
  • Additional Cashback (Receive up to 40% of additional cashback rebates)
  • Increased % on account balance (You have an opportunity to receive up to 40% of additional payouts)
  • Access to VPS server with no restrictions (if there is at least 1 transaction over the previous calendar month)

 

ROBOFOREX CORPORATE INFO

RoboForex Ltd

RoboForex Ltd is regulated by the FSC 000138/437, registered in Belize (No 128.572)

Contact address: 2118 Guava Street, Belama Phase 1, Belize City, Belize

Contact telephone: +593 964 256 286

 

 

ROBOFOREX REVIEW PROS & CONS (According to competition)

ROBOFOREX REVIEW CONCLUSIONS

ROBOFOREX PROS

ROBOFOREX CONS

√ Tight spreads when trading Forex

√ 35+ Forex Currencies and in total more than 12,000 financial instruments

√ Cryptocurrency trading

√ Instant withdrawals via Internet wallets

√ Many different platforms, Automated Trading, Scalping, and Copy-Trading

√ Fast execution and a small minimum distance when placing a stop-loss order

√ CFD on Futures (a useful feature for swing-traders)

X Expensive swaps, which are not good for traders maintaining their positions overnight


 RoboForex Review Conclusions

Launched in 2009, RoboForex is a DD/NDD Forex broker headquartered in Belize and regulated by FSC 000138/437. The broker offers multilingual customer support via phone, live chat, and email. The Roboforex asset index contains 36 Forex Currencies, many shares, indices, precious metals, energies, and cryptocurrencies. As concerns trading platforms, RoboForex offers MT4, MT5, and RStocksTrader. There are mobile traders and 2 platforms for copy trading (CopyFX and RAMM platforms).

Trading Accounts

RoboForex offer many different account types. there are three simple accounts (Standard, Cent, ECN Pro) requiring just a $10 deposit. There is a wide selection of deposit methods including cards, wire, many internet wallets, and even several cryptocurrencies. The account currencies include USD, EUR, CNY, BTC, ETH, and Gold.

As concerns trading promotions at the time of the review, there is a welcome bonus promotion, loyalty rebates, and free contests. There is also a $30 welcome bonus. From all that the only promotion that matters is the 'loyalty rebates'. Don't select any credit bonuses because they actually work as extra leverage, and nothing more.

Tested Real RoboForex Trading Conditions

The tested account type was Standard Pro. The trading spreads start as low as 1.3-1.4 pip on EURUSD and the order execution is quite fast. After trading with RoboForex for a while, I must point out that the broker is suitable for intraday trading. The spreads are ok, the slippage is low and it is quite interesting that the minimum distance of placing a stop-loss is very tight. But note that these nice conditions may change significantly during a news release, and the slippage may be considerably higher. Another point I would like to make is that the SWAP interest rates charges are high and therefore I would not recommend RoboForex for swing, carry, and position traders. Overall, RoboForex is suitable for 'intraday' advanced and semi-advanced traders.

Visit the ROBOFOREX Website

 

 

ROBOFOREX.com Review

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