RoboForex Review and Rating
Name: RoboForex Review
Description: Several different agencies strictly regulate RoboForex. They are a member of CIF. Because of that, each client can claim a maximum of 20,000 for any discrepancy. The best part of this broker is multiple trading platforms and trading accounts. They also have the right bonus amount for their loyal customers.
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Support - 70%
70%
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Platform - 80%
80%
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Insights - 60%
60%
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Leverage - 80%
80%
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Commission - 70%
70%
Summary
RoboForex represents and extremely well-managed broker and is positioned for more market-share moving forward. Furthermore, it offers MetaTrader 4, MetaTrader 5, MT Mobile, and cTrader forex online trading top platforms. RoboForex.com offers over 30 currency pairs, cryptocurrencies, stocks, indices, gold, silver, commodities, and CFDs for personal investment and trading options. As the name suggests, automated trading occupies a vital role at this international broker. Read RoboForex forex broker review, rating, and detailed information for their services below.
User Review
( vote)Pros
- Strict regulation
- Low minimum deposit amount ($10)
- A good amount of Bonus
- Scalping & Hedging is Available
Cons
- Don’t accept clients from the US, Canada, Australia, or Japan.
- No fixed spread accounts
RoboForex founded in 2009 operated by RoboForex Group. They are based in Cyprus, and their head office is located at Soboh House 377, 28th October Street, office #1, Limassol. They also have their office in Belize City.
Regulation
RoboForex is regulated by the Cyprus Securities Exchange Commission (CySEC), Cyprus. It has a license under the Cyprus Investment Firm (CIF) license number 191/13. Also, RoboForex authorized by Markets in Financial Instruments Directive (MiFID). Because of that, RoboForex is authorized for the entire Eurozone. Furthermore, RoboForex is also regulated by the Belize International Financial Services Commission (IFSC). They are the only forex broker who matched all the strick policies of IFSC.
Awards
RoboForex is an award-winning global forex and CFDs broker. They won the following awards for its product offerings and services.
- An award in the category “The best ECN broker” according to IAFT Awards 2016, organized by the International Association of Forex Traders.
- Global Brand award in the category “Fastest Growing Forex Brand Asia” from Global Brands Magazine.
- The award “Best Standard Forex Broker 2014” in the international exhibition “Mena 13th Forex Show” in Dubai, UAE.
- An award in the category “The best ECN broker” 2013 according to Masterforex-V, the Academy of exchange trading, one of the most successful European educational forex projects over the last years.
- Award in the category “Best Forex News & Analysis Provider 2013” at “Mena 12th Forex Show”, an international exhibition in Dubai (UAE).
Trading Platforms
RoboForex provides MetaTrader 4 and MetaTrader 5 platforms developed by MetaQuotes Software to its clients for efficient and reliable trading experience. Even more, they also provide a cTrader platform for STP/ECN solution and direct access to interbank quotes. Their MetaTrader 4 provides 50 types of technical indicators, where cTrader provides 54 types of Technical Indicators. RoboForex also provides a Umstel trading platform for stock trading. Umstel platform is also available for the web with most of the features as a desktop. They also provide Mobile trading app R MobileTrader onto the smartphone. The app is free and can be downloaded from Google PlayStore and Apple App Store.
Investment Platforms
RoboForex additionally provides two more Investment Platforms, named CopyFX and RAMM platforms. By using these platforms, traders can copy single orders or entire trading strategies.
Automated trading
RoboForex made StrategyQuant as automated trading tools. Using a desktop version or EA Wizard web platform, traders can able to create, backtest, and optimize trading robots for MetaTrader 4 terminal without having programming knowledge. RoboForex asks $1000 deposit to use StrategyQuant.
Commissions & Spreads
Like other online Forex brokers, Roboforex also has fixed and floating spreads. The commission rates for Roboforex vary from 2 cents per stock to $20 per $1 million traded. The spreads are floating like other ECN brokers for Roboforex. They have a minimum spread of 0.1 pips for EUR/USD pair. The maximum leverage rates RoboMarkets is 1:1000 for real account.
Payment options
Roboforex Supports Wire transfer, VISA, MasterCard, China UnionPay, Firstchoice Pay MasterCard, Fasapay, Skrill, Neteller, WebMoney, QIWI, ePayments, bitcoins, Webpay.cl for deposits, and withdrawal. Withdrawals are also imitated through the same methods used for depositing the funds. Roboforex has an automatic withdrawal scheme. A trader can process the withdrawal request within a minute.
Support
Customer support at Roboforex is available 24/7. Hence there are several ways in which you can get in touch with the support team such as email, Skype, live chat of the telephone. There is a call back option from contacting Us page of their website. Traders also have the benefit of multi-lingual support for 8 Non-English language.
RoboForex Detail Information
| Company | RoboForex LP | ||||||||||||||||||||||||||||||||||||||
| Founded in | 2009 | ||||||||||||||||||||||||||||||||||||||
| Online since | 2010 | ||||||||||||||||||||||||||||||||||||||
| Offices in | Egypt, Hong Kong, Indonesia, Latvia, Malaysia, Moldova, Republic of New Zealand, Romania, Russian Federation, Taiwan, Thailand, United Kingdom | ||||||||||||||||||||||||||||||||||||||
| Payment options | CashU, Credit/debit cards, Liqpay, Neteller, RBK Money, Skrill, UnionPay, WebMoney | ||||||||||||||||||||||||||||||||||||||
| Demo platforms | MetaTrader 4, MetaTrader 5, Currenex Viking, cTrader | ||||||||||||||||||||||||||||||||||||||
| Account currencies | Chinese yuan, Euro, Russian rouble, United States dollar | ||||||||||||||||||||||||||||||||||||||
| Currency pairs |
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| Regulated by | CySEC, 191/13; FSCL (New Zealand), 4148; FSP (New Zealand), 246525; IFSC (Belize), IFSC/60/271/TS/14; The Financial Commission | ||||||||||||||||||||||||||||||||||||||
| Website available in | Arabic, Chinese, English, Indonesian, Italian, Malay, Polish, Portuguese, Russian, Spanish, Thai, Ukrainian | ||||||||||||||||||||||||||||||||||||||
| Support available in | Chinese, English, Indonesian, Malay, Portuguese, Russian, Spanish | ||||||||||||||||||||||||||||||||||||||
| Support methods | Email, Live chat, Office, Phone, Skype, Webform | ||||||||||||||||||||||||||||||||||||||
| Trading server time zone | EET | ||||||||||||||||||||||||||||||||||||||
| VPS for traders | Free for deposits greater than $300. | ||||||||||||||||||||||||||||||||||||||
| Rebates per 1 std. lot | $3 | ||||||||||||||||||||||||||||||||||||||
| Special notes | Swap-free (Islamic) accounts involve paying a commission of $5-20 per one standard lot. |
RoboForex Features
- The interest rate on funds
- Bonus offers
- Trading contests
- MAM accounts
- Affiliate program
- Islamic accounts available
- Hedging
- Scalping
- Trailing Stop
- Web Based Trading
- Pending Orders
- One-Click Execution
- Mobile Trading
- Automated Trading
Account Types
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Fix-Cent Account
- Hedging
- Overnight interest rates (swaps)
- Cent account
- Trailing stop
- Pending orders
- One-click trading
- Mobile trading
- Browser-based platform
- Automated trading
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Fix-Standard Account
- Hedging
- Overnight interest rates (swaps)
- Trailing stop
- Pending orders
- One-click trading
- Mobile trading
- Browser-based platform
- Automated trading
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Pro-Cent Account
- Hedging
- Overnight interest rates (swaps)
- Cent account
- Trailing stop
- Pending orders
- One-click trading
- Mobile trading
- Browser-based platform
- Automated trading
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Pro-Standard Account
- Hedging
- Overnight interest rates (swaps)
- Trailing stop
- Pending orders
- One-click trading
- Mobile trading
- Browser-based platform
- Trading via API
- Automated trading
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Pro-ECN Account
- Hedging
- Overnight interest rates (swaps)
- Trailing stop
- Pending orders
- One-Cancels-Other (OCO) orders
- One-click trading
- Mobile trading
- Browser-based platform
- Automated trading
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ECN-FixSpread NDD Account
- Hedging
- Trailing stop
- Pending orders
- One-click trading
- Mobile trading
- Browser-based platform
- Automated trading
RoboForex is a very good dealing center. I like its partnership program and the system of trades copying. I’m not yet a highly experienced trader myself, but can select trades to copy from. I try to choose from the top ones and always get some profit as a result.
Sometimes it is very difficult to connect with their server especially when a market is active.
I have been trading with RoboForex since July. I have 8 years’ experience and I have used many brokers. First, this is by far the absolute best customer service I have ever received. I have a personal account manager.. The trading conditions are excellent, I have watched my trades come within a stop loss and not take me out. Therefore,Leverage is high, and hedging is allowed. While hedging is not part of my strategy, high leverage certainly is.