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RoboForex Broker Review 2022

The calculation is performed for RoboForex-Pro, RoboForex-Prime and RoboForex-ECN servers, to which the namesake account types of the broker match. I do not agree with the negative reviews, because I have never met a better broker than Roboforex. RoboForex is an international forex brokerage company, founded roboforex review in 2009. The company is licensed by the International Financial Services Commission, which allows the broker to provide services to the customers in the majority of countries. The broker is also regulated and provides negative balance protection, adding an extra layer of trust and security for traders.

• The spreads valuations are also very competitive in nature due to the FBS and FXTM broker facilities.
• All bonuses are available with the Pro accounts, whilst no bonuses are available with the R StocksTrader account.
• The easy-to-use proprietary platform, R StocksTrader offers a classic design and convenient trading for those who wish to invest in global markets.
• Traders can learn how to implement specific indicators or well-established trading strategies.
• The number of available instruments is not great but adequate, however, a bigger issue is imbalance.

RoboForex’s Prime and ECN accounts have spreads from 0 pips and others offer very low spreads from $0.01. Again, RoboForex claim to offer tight spreads on indices and over 10 trading instruments, including those with high liquidity. Trade Bitcoin, Dash and other cryptocurrencies though RoboForex as you can invest in them 24/7 and start with a minimum of $10 deposit.

RoboForex Key Takeaways for 2022

The initial deposit mandate at RoboForex for the rTrader platform is just $100. The RoboForex MetaTrader 5 is the most enhanced and high-skilled platform on the market. The platform is a mix of order initiations along with ambitious exchange strategies. However, in the case of the R Trader account, the min deposit is 100 USD.

We have partially discussed learning on RoboForex, when we were talking about the broker’s analytics. Let’s review the main possibilities of how you can improve your professional skills. Using your personal account, you can also access Analytics Center of the broker.

The speed of execution quite good, but sometimes will experience some slippage during high volatility session. They do offer other trading platform if you wish not to use MetaTrader 4/5. If you compare ECN accounts of other brokers, RoboForex has the best trading conditions for scalping. For example, in AMarkets, the minimum Deposit on an ECN account is $ 1,000.

RoboForex Assets

Below are print screens with exhaustive information, where not only the withdrawal fees from RoboForex are specified, but also amount restrictions per transaction as well as timeframes. RoboForex offers several options for base currency of the account and deposit and withdrawal of funds using several dozen payment systems. The main drawback is that there is no perfect method for withdrawal.

The mobile version of RoboForex has the same technical indicators and trading instruments as the desktop version. You can trade on your RoboForex accounts using web versions of the two popular trading platforms Mt4 and Mt5 terminals, from MetaQuotes. They have 11 years of experience and this review will highlight all the good https://forexhero.info/ and bad of RoboForex. RoboForex deposit, withdrawals, leverage, and account types will also be covered in this review. RoboForex is a trusted online broker that provides trading assets on its Pro-Cent, Pro-Standard, and RAMM live accounts. RoboForex offers a wide selection of trading platforms, including MT4 and MT5.

The three-tier VIP program, based on lifetime deposits, increases the value of bonuses and promotions. It makes RoboForex one of the best brokers for high-frequency traders. The FAQ section answers most questions, and RoboForex describes its products and services well.

On the other, it is authorized by a weak offshore regulator the Financial Services Commission (FSC) of Belize. The scope of the research content can be enhanced by including a market-oriented news section, and the number of available instruments can be raised. RoboForex does not levy internal costs for deposits or withdrawals, and the secure Members Area handles all financial transactions. We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. When compared with the ECN-FIX SPREAD NDD with a fixed spread, the difference is obvious in favor of the ECN-PRO NDD account with a floating spread and Commission.

It is refreshing to see a huge effort being made to provide the proper trading environment for different trader mentalities and strategies. I highly recommend the proprietary R StocksTrader, which also supports algorithmic trading. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs.

We conducted our test on the 31st of July via the live chat option, available at the bottom-right corner of the webpage. We requested further clarification regarding the commission structure on a Prime account and were provided with a satisfactory answer shortly afterwards. What we found especially satisfactory was that the agent’s answer was supported with practical examples. This means that RoboForex’s team can explain complex issues even to beginners..

Compared to other forex brokers, the choice of markets and instruments can be considered average. However, compared to the global brokers from the U.S. and EU, RoboForex is lagging far behind. Below is a comparative table, where in addition to RoboForex, Exness and Forex4You, we included U.S.-based Interactive Brokers. The license of Belize does not provide 100% guarantee of the broker’s reliability.

How Are You Protected?

A comprehensive commission system, which could consist of spread, floating or fixed fee per trade is a common practice of brokers. A number of brokers benefits only from spreads, while others set low (near-zero) spreads, but charge accompanying commissions. As you can see, the trading plans with near-zero spreads have additional commission on the traded volume. In the trading plans with higher spreads there is no additional commission per trade. This detail needs to be taken into consideration when you are choosing the account type. Pretty nice trading conditions, fast withdrawals and many various trading tools.

Traders need to ensure that they understand their risk exposure and determine whether the risk involved is suited to them before making trading decisions that could result in loss of capital. RoboForex does offer a sign-up, welcome bonus offer of $30 USD on the Pro and ProCent accounts. The RoboForex signup bonus is structured as a +$30 USD bonus program with a minimum deposit required of $10 USD. RoboForex is regulated by the Financial Services Commission a Belizean regulator of the financial services market at the international level.

The mobile app version of MT5 has several components, the main ones being the ‘Charts’ and ‘Orders’ sections and the watch list of available instruments. It is very easy to navigate since everything is one or two clicks away, which is especially important since the app’s main purpose is to allow quick access to the market and order execution. On the other hand, the app’s charts are very rugged, and price action is quite difficult to discern.

A broker is only as glitch-free as its software, and the multiple platforms offered are a good sign of a smooth trading experience. MT4 has three types of order execution, basic graphic analysis tools, and fifty indicators for technical data. It also gives users the opportunity to program their own AI traders. MT5 is a cut above MT4, offering four types of order execution, six types of pending orders, a multi-currency tester, and market depth, in addition to having all the features of MT4. One of RoboForex’s best features is its wide range of accounts, which cater to all levels of trader, from novice to old pro. The assets offered include indices, stocks, CFDs, commodities, metals, and ETFs.

• Comparison of RoboForex accounts showed that ECN and R Trader have the most beneficial conditions.
• Forex4You did not provide information about the possibility of trading cryptocurrencies as of the time this article was being written.
• However, the limitations in withdrawals are dependent on the jurisdiction and governmental banking permits.

This is quite uncommon as other brokers usually pay more attention to the fundamental aspect when analyzing the stock market. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of the leverage. Essentially, the broker lends the trader money so that the latter can open bigger-sized positions. The leverage multiplies the profits a trader generates from winning positions and losses incurred from failed trades. The minimum initial deposit is 10 USD on all accounts except on the ECN, where the minimum is 100 USD. It is worth pointing out that MT4 and MT5 accounts allow hedging (as opposed to netting), meaning that traders can open multiple positions on a single instrument at the same time.

Overall, users will find the most positive online reviews for the MT4 and MT5 mobile apps. Pricing depends on the account you choose but spreads are fairly competitive vs brokers such as FBS and FXTM. The broker also offers 26 cryptocurrencies plus crypto-indicies, a unique product that allows for trading on several cryptos at once. As with other leading copy trading options, such as eToro, the key is depth of copy fx traders to follow. Without a large bank of traders, those looking to copy will find limited choices.

It includes a strategy builder, allowing traders to program automated trading solutions without needing to code. The pricing and fees with this broker depend on the type of account, and fees vary when it comes to minimum deposit requirements, commissions, and withdrawals. For example, the commission-per-trade fee on the Prime account is from $10-$15 per $1 million trade volume. By contrast, that fee is $20 per $1 million trade volume for the ECN account. The R StocksTrader account has fees from $0.0045 per share, while the Pro account (which is RoboForex’s most popular) has zero commission fees. I have been trading with this broker more than 5 years and never have any issue with them, both deposit and withdrawal.

At In-Depth Trading, we view this broker as the best for stock traders and other assets traders but mostly stock traders because of the trading conditions mentioned in this review. Trading with RoboForex will involve fees from $10 USD, spreads from 0.01 pips to 1.3 pips, and commission-free trading depending on the account traders select. RoboForex does offer multiple free demo trading accounts for beginners to practice forex trading in a 100% risk-free environment.