RoboForex review and ratings

Company information

RoboForex is a forex broker located in Belize, regulated by the International Financial Services Commission of Belize (IFSC).

RoboForex is a part of Robo Holding Group that also includes RoboMarkets company, which operates in Cyprus and is regulated by the CySEC.

Availability

RoboForex group accepts clients from all over the world, excluding USA, Canada, Japan, Australia and some other countries where restrictions apply.

Distinctive features

• Own pool of PAMM trading accounts and advanced Social Trading Network (CopyFX).
• Thousands of stocks and hundreds of ETFs available for trading.
• Lots of different deposit/withdrawal options.
• Tight spreads on major currency pairs.

Trading instruments

Forex broker offers the following underlying assets for trading.

Most of the Stock CFDs and ETF СFDs are available on the R StocksTrader platform.

Comprehensive review

RoboForex is an online forex & CFD broker registered and regulated in Belize that was set up in 2009 to serve traders globally. With the exception of the four countries USA, Canada, Japan and Australia the broker continues to serve clients from all around the world to this day.

RoboForex made headlines in the forex trading industry when they as recently as in 2018 received the ‘Best Broker’ and ‘Safest Broker’ awards from the Manchester and London investor show, respectively. RoboForex is also the official sponsor of Muay Thai fighter Andrei Kulebin, and the ‘Starikovich-Heskes’ team at the Dakar 2017 championship.

There is a total of 8 categories of trading instruments offered by the broker – forex, CFDs based on blue-chip stocks, indices, metals, energies, ETFs, and various commodities.

Forex traders can look forward to trading more than 40 currency pairs with RoboForex. Spreads are as tight as zero pips, with leverage available for forex traders going as high as 1:2,000 depending on account type.

For trading in CFDs based on stocks and exchange traded funds (ETFs), the available leverage is capped at 1:20, and there is a wide range of markets available for trading, with a focus on American, German, and Swiss stocks.

To trade indices, the minimum deposit amount is 10 USD, and 100 USD for ETFs. There are more than 10 indices available for trading on RoboForex, including major international stock indices such as the S&P 500, NASDAQ, and Dow Jones Index.

Platforms available for trading on RoboForex include the standard MetaTrader 4 and 5, cTrader (not provided anymore) and R StocksTrader. cTrader caters to expert traders partly because of the huge number of technical indicators available. R StocksTrader, however, is a web-based platform with charting from the leading charting service TradingView. This makes for an extremely powerful and user-friendly platform suitable for traders at every stage of their trading journey. The initial minimum deposit to get started trading with R StocksTrader is USD 100.

RoboForex offers the following account types for trading:
– Standard Account
– ECN Account
– Prime Account
– Cent Account
– Affiliate Account

There are two types of Standard accounts – Fixed and Pro. The Pro account offers a wider variety of account base currencies, with even gold available as the base currency of the trading account. The Pro account also comes with more available trading instruments, as well as tighter floating spreads.

The ECN accounts also has two types, one with fixed and one with floating spreads. Here, the fixed spread ECN account has fewer trading instruments available than its floating spreads counterpart.

Switching over to promotions and bonuses, RoboForex has a pretty good offering for new clients, including a welcome bonus of 30 USD for standard and cent accounts with USD/EUR as their base currency. The bonus will be deposited into the account as soon as it is verified, and after the trader has deposited at least 10 USD.

There are no fees for depositing money into a RoboForex trading account. The broker will cover all charges incurred, while offering clients more than 20 payment options to choose from.

Customer service is available in 11 languages via phone, and there are live support specialists ready 24/7 to answer to clients. There is also a callback service where clients can send in their problem and their phone number to schedule a phone call with customer support. Clients are also free to leave a message online, as an alternative to sending emails.