RoboForex Review

RoboForex is an ECN Forex broker that offers tight spreads and a wide range of financial assets. The broker focuses on providing the best conditions for automated trading and scalping (fast execution, free VPS).

ROBOFOREX GENERAL INFORMATION

■ Foundation: RoboForex was founded in 2009

■ Headquarters: RoboForex maintains its headquarters in Belize

■ US Residents: RoboForex does not accept US traders –No-

■ Islamic Accounts: RoboForex provides Islamic Accounts. Instead of the swap, the owners of Swap-Free accounts are charged a fixed commission –Yes-

■ Regulated: RoboForex is regulated by the FSC of Belize (license No. 000138/7)

■ Website Languages: English, Arabic, Chinese, German, Spanish, Russian, Indonesian, Italian, Malay, Portuguese, Polish, Thai, and more

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

ROBOFOREX TRADING INFO SUMMARY

■ Broker Type: ECN/CFD (DD/NDD)

■ CFD Trading: -Yes-

■ Platforms: MetaTrader4 (MT4) and a MetaTrader-5 (MT5), RStocksTrader, and Copy-Trading

■ Trading Time Zone: GMT+2

■ Demo Account: –Yes-

■ Typical Spread EUR/USD:

• 1.3 pip (Standard account, no commissions)
• Zero-Spread Account is available

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

■ Scalping/Hedging: are both allowed at ROBOFOREX –Yes-

■ Promotions: There is a loyalty program and promotions such as a Free VPS, Cash Rebates, and up to 10% Interest on the Client's Balance

■ Minimum Account: only $10

🔗 Visit the RoboForex Website

 

💱 ASSET INDEX

RoboForex offers a wide asset index, including 40 Forex pairs and several CFD instruments.

□ 40+ Forex pairs

□ Metals & Energies

□ US stocks and Indices

□ CFDs on Futures (a useful financial instrument for swing and carry traders)

 

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

■ Free VPS Hosting is available

■ Copy-Trading is available

 CopyFX features:

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

 

 

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 a VPS server with no restrictions (if there is at least 1 transaction over the previous calendar month)

 

ROBOFOREX CORPORATE INFO

 

⚖️ ROBOFOREX REVIEW PROS & CONS (According to competition)

ROBOFOREX REVIEW CONCLUSIONS
ROBOFOREX PROS	ROBOFOREX CONS
√ Tight spreads and fast order execution (also a small minimum distance on stop-loss ) √ 40+ Forex Currencies and in total more than 12,000 financial instruments √ Participating in the Compensation Fund, which offers protection up to €20,000 per investor √ Instant withdrawals via Cards and Internet wallets √ Automated Trading, Scalping, and Copy-Trading √ Free VPS (automated trading) √ CFD on Futures (a useful feature for swing traders) √ Cash Rebates and up to 10% Interest on the Client's Balance (more info here)	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 the FSC (No. 000138/7). RoboForex Ltd participates in the Financial Commission's Compensation Fund, which covers up to €20,000 per investor in case of insolvency.

The broker offers multilingual customer support via phone, live chat, and email. RoboForex’s asset index includes over 40 Forex pairs, as well as shares, indices, precious metals, and energies. The broker provides MT4, MT5, and RStocksTrader platforms, along with mobile trading and copy-trading features through CopyFX.

Trading Accounts & Promotions:

RoboForex offers a variety of account types, including three simple accounts—Standard, Cent, and ECN Pro—each requiring a minimum deposit of $10. Account currencies include USD, EUR, and Gold. Deposit methods include cards, wire transfers, and various internet wallets. Trading Promotions include:

• Free VPS

• Cash rebates

• Up to 10% interest on client balances

Testing RoboForex on Real Conditions

Before writing this review, the broker’s trading conditions were tested on a real account. The tested account type was Standard Pro, with fixed spreads and fast order execution. The trading experience was positive, particularly as concerns the quality of order execution and the ability to place very narrow stop-loss orders during scalping trades. The only drawback was the overnight rates for positions held overnight. For day trading, the broker is more than fair.

• RoboForex is well-suited for intraday trading, offering competitive spreads, low slippage, and tight stop-loss placement, although trading conditions can change significantly during news releases.
• Overall, RoboForex is a solid choice for advanced and semi-advanced intraday traders, including scalpers and those using Expert Advisors (EAs).

 

🔗 Visit the RoboForex Website

 

 

■ ROBOFOREX Review

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