RoboForex RoboMarkets Review 2024: Pros, Cons, & Fees

roboforex review

If you are in a country where they dont accept clients, please feel free to browse our broker ratings for an alternative option. On top of its excellent trading conditions and over 10,000 assets, this platform has unique features that separate it from the rest. The platform allows copy-trading, but if this is something you’re particularly interested in, check out eToro’s easy-to-use copy trading platform. Traders seeking automated trading solutions who prefer platforms like MT4 should consider using the R Trader.

roboforex review

Bulshit company

There is no cost or minimum volume requirements to use the R Trader platform and online 24/7 support is on hand to assist you. Roboforex is the broker I know in the few years of trading and difficulties in finding a reliable broker. Lightening fast withdrawals and very good spreads with the ecn account I have not found any issue with their platform or execution. I have also been able to trade during high volatity times like NFP opening and closing orders with no problem of lagging or hanging like most brokers do.

Deposit & Withdrawals

roboforex review

Through these sophisticated tools and insights, RoboForex achieves its aim of fortifying traders with knowledge, amplifying their market comprehension, and refining their trading approaches. TradingView-powered charts provide an extensive array of analytical tools, various timeframes, and effortless zooming capabilities for analyzing price movements. In comparison, the charts on MetaTrader platforms can feel cumbersome and less intuitive to navigate, making the trading experience less seamless. On the other hand, casual traders may find the ProCent and Pro-Standard accounts more suitable, with no commissions but larger spreads starting from 1.3 pips. A VPS allows you to remotely run your trading platform 24/7 so that you do not always need your computer on. They are often used where there is the need to run an automated trading system around the clock or if the local internet connection is unreliable and you need minimal downtime.

Demo Account

It also has received positive feedback from most users, proving it is credible and trustworthy. The charges for withdrawals depend on the payment method selected. RoboForex offers a seamless account opening experience tailored to ensure an efficient and smooth transition for potential traders. Currency conversion fees are applicable and vary depending on the currency pairs traded. Anchoring its operations in a bedrock of trust and security, RoboForex proves itself not just as a notable entity in trading arenas but also as a secured environment for traders’ pursuits and assets.

Unique Features ????

  1. The R StocksTrader platform is not only comprehensive but also convenient and easy to use, providing traders with a user-friendly experience.
  2. I found some interesting looking signals but the risk was too much for my taste.
  3. RoboForex offers traders 33 currency pairs, 22 cryptocurrency pairs, 4 commodities, 9 index CFDs, 12,000+ equity CFDs, and 1,000+ ETFs.
  4. There is 0% commission for deposits and withdrawals as all expenses are covered by the broker.

The stop-out threshold has been set at 10%, with bonuses and rebates available. The account allows one-click trading and provides Islamic account choices. This trading option does not permit Islamic swap-free transactions or cashback rewards, offers one-click trading functionality, or any trade history timeline feature. RoboForex uses modern cybersecurity technologies and processes to safeguard its servers and customer accounts from cyber threats like DDoS attacks, malware, and unauthorized access. Promises to give welcome bonus, but as soon as you go through verifiation prossess and share your info they say you are not eligable and will not be given welcome bonus.

Platforms & Tools

Alongside the above-mentioned live accounts, RoboForex also offers its Muslim traders a swap-free account, which entirely removes interest charges from overnight trades. Otherwise, the Islamic account is identical to its live counterparts. Above all, RoboForex offers negative balance protection for its clients.

To this end, you will be able to access a number of tools through your trading platform like setting stop losses, take profits, limit orders, and trailing stops to manage your positions. Moving to the markets offered, it is important to note that not all assets may be available depending on your location. More specifically within this account type, you will be able to further specify the type of account you need based on what you are trading. You will have 36 FX pairs available to trade and this account type supports base currencies of the USD Cents or Euro Cents. While they offer services to more than 800,000 clients from 169 countries, there are still a few places where trading services are not offered. They also offer negative balance protection as standard and you will have access to a compensation fund of up to $20,000.

The Profit Share Bonus represents a 50% bonus on every deposit over $300 in either the Pro-Standard account, or the Pro-Cent account. To get a better idea of fees, you can do some research to see what other forex brokers are charging in your jurisdiction. Any information contained in this site’s articles is based on the authors’ personal opinion. These articles shall not be treated as a trading advice or call to action. The authors of the articles or RoboForex company shall not be held liable for the results of the trades arising from relying upon trading recommendations and reviews contained herein.

The R StocksTrader account is thus more suitable for more risk-averse traders (stop out at 20%) as well as those interested in stock trading (because of the availability of over 12,000 share CFDs). And the ECN account type occupies the middle ground with respect to fee competitiveness and in-built safety nets. It aids technical analysis by providing an overview of price action behavior and allows traders access to a number of analytical tools and chart configuration possibilities. A good chart should afford easy scaling up and down of price action. Another fascinating attribute is the comparative analysis of users’ trading behaviors. By harnessing this tool, traders can gauge their strategies against collective trends, understand prevalent market sentiments, and re-strategize if necessary.

Your account should reflect your goals, needs, and ambitions on the market. You should take into consideration several factors, such as whether the account type has a minimum deposit requirement, its spreads and commissions, the execution method, and more. My overall impression of RoboForex’s trading and non-trading fees is that they are among the lowest in the industry. Indeed, RoboForex’s fees accommodate all trading strategies – intraday, day, and position trading.