Overall, RoboForex is an award-winning broker established in 2009 in Belize regulated by FSC. RoboForex offers a wide range of trading alternatives for retail, corporate solutions, and partnerships, along with customized financial services and investment solutions to its global clientele.
In this in-depth review you’ll find the following information:
- A complete RoboForex broker review
- RoboForex minimum deposit amount details
- An overview of RoboForex Account Types
- Details regarding RoboForex Demo account
- Steps to sign up for RoboForex account
- Steps to make withdrawal from RoboForex
- RoboForex vs AvaTrade vs HF Markets
- Is RoboForex a good broker?
And lots more…
Let’s dive right in…
RoboForex at a Glance
| 𝗕𝗿𝗼𝗸𝗲𝗿 | 𝗥𝗼𝗯𝗼𝗙𝗼𝗿𝗲𝘅 |
|---|---|
| 📜 Regulated | FSC |
| 🎁 Sign Up Bonus | $30 USD |
| 🕖 Time to open an account | 1 day |
| 🔥Live support | Yes |
| 🗺️ Country of regulation | Belize |
| 📊Trading Islamic Account | yes |
| 💳 Demo Trading Account | yes |
| 💰Spreads | Floating from 1.3 pips |
| 💰Leverage | 1:2000 |
| 💰 Minimum deposit | $10 USD |
| 💵 Account currencies | USD, EUR |
| 🥇 Trading Instruments | 9 (Stocks, Indices, ETFs, Currencies, Commodities, Energies, Metals, Cryptocurrencies, CFDs on futures) |
| 📈 Trading Platforms | 5 (MetaTrader 4, MetaTrader 5, R WebTrader, R MobileTrader, R StocksTrader) |
| 🎓Partnership Program | Yes |
| 🚀 Open a account | 👉Click Here |
Overall Rating
- 4.7/5
Min Deposit
USD 10
Regulators
IFSC
Trading Desk
MT4
Crypto
Yes
Total Pairs
32
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
RoboForex Review – 20 Keypoint Overview
- ☑️RoboForex at a Glance
- ☑️RoboForex Overview
- ☑️Is RoboForex Regulated?
- ☑️RoboForex Minimum Deposit
- ☑️Types of RoboForex Accounts
- RoboForex Sign-Up Bonus
- RoboForex Demo Account
- RoboForex Islamic Account
- How to Open an RoboForex Account – Step-by-Step Guide
- RoboForex Pros and Cons
- RoboForex VS AvaTrade VS FBS – Comparison Table
- RoboForex Customer Reviews
- Deposits and Withdrawal
- Steps to Withdraw Funds from RoboForex Account
- RoboForex Fees, Spreads, and Commission
- RoboForex Partnership Options
- RoboForex Product Portfolio
- RoboForex Broker Trading Platforms
- Conclusion
- Frequently Asked Questions
RoboForex Overview
| 🔎 𝗕𝗿𝗼𝗸𝗲𝗿 | 🚀 𝗢𝗽𝗲𝗻 𝗮𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁 | 💰 𝗠𝗶𝗻𝗶𝗺𝘂𝗺 𝗗𝗲𝗽𝗼𝘀𝗶𝘁 | 🌎 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘀 |
|---|---|---|---|
| RoboForex | 👉Click Here | $10 USD | FSC |
RoboForex is an award-winning online broker that makes extensive use of both innovative technologies paired with many years of experience in the trading industry to provide comprehensive trading solutions.
RoboForex was established in 2009 and only holds offices in Belize City with 214 employees that are currently employed at the Belize headquarters.
Top 10 Forex Brokers
Broker
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Top 10 Forex Brokers
Broker
Rating
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Is RoboForex Regulated?
RoboForex is regulated by the regulated by the Financial Services Commision (FSC) , license No. 000138/437, in Belize
| 🥇 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘀 | 📌 𝗔𝗯𝗯𝗿𝗲𝘃𝗶𝗮𝘁𝗶𝗼𝗻 | 🔎 𝗟𝗶𝗰𝗲𝗻𝘀𝗲 𝗻𝘂𝗺𝗯𝗲𝗿 |
|---|---|---|
| 🥉 Financial Services Commission | 🖋 FSC | 000138/437 |
RoboForex Minimum Deposit
Generally, $10 USD is the minimum deposit for a Prime account; however, this can vary based on the payment method used. The minimum ZAR deposit is equal to the difference in trading value between USD and ZAR.
| 💻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁 | 🚀 𝗢𝗽𝗲𝗻 𝗮𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁 | 💰 𝗠𝗶𝗻𝗶𝗺𝘂𝗺 𝗗𝗲𝗽𝗼𝘀𝗶𝘁 |
|---|---|---|
| 🔎 Prime | 👉Click Here | $10 USD |
| 🔎 ECN | 👉Click Here | $10 USD |
| 🔎 R Stocks Trader | 👉Click Here | $100 USD |
| 🔎 ProCent | 👉Click Here | $10 USD |
| 🔎 Pro | 👉Click Here | $10 USD |
Types of RoboForex Accounts
Prime & ECN Accounts
Prime Account
This option caters to more advanced forex traders who wish to add a competitive edge to their trading.
ECN Account
The ECN account caters to professional forex traders who want the best trading conditions offered by RoboForex.
| 💻 𝗔𝘀𝗽𝗲𝗰𝘁𝘀 | 🥇 𝗣𝗿𝗶𝗺𝗲 𝗔𝗰𝗰𝗼𝘂𝗻𝘁 | 🥉𝗘𝗖𝗡 𝗔𝗰𝗰𝗼𝘂𝗻𝘁 |
|---|---|---|
| Maximum leverage | 1:300 | 1:500 |
| Minimum deposit | $10 USD | $10 USD |
| Spread | Floating from 0 pips | Floating from 0 pips |
| Instruments | 28 currency pairs, Metals, CFD on US stocks, CFD on Indices, CFD on Oil, Cryptocurrencies, CFDs on Futures | 36 currency pairs, Metals, CFD on US stocks, CFD on Indices, CFD on Oil, Cryptocurrencies, CFDs on Futures |
| Swap-free | No | No |
| Loyalty bonuses | All offers | All offers |
| 🚀 𝗢𝗽𝗲𝗻 𝗮𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁 | 👉Click Here | 👉Click Here |
R StocksTrader & ProCent Accounts
R StocksTrader Account
The R Trader Account is a unique option offered in conjunction with the use of the multi-asset web trading platform, R Trader, which is designed specifically for use by experienced forex traders, with access to all financial markets, all from one account.
ProCent Account
The key feature of this account surrounds the base currency unit, which is represented in cents, making this account type perfect for beginner forex traders and forex traders who want to test their strategies in a live, but the low-risk trading environment.
| 💻 𝗔𝘀𝗽𝗲𝗰𝘁𝘀 | 🥇 𝗥 𝗦𝘁𝗼𝗰𝗸𝘀𝗧𝗿𝗮𝗱𝗲𝗿 𝗔𝗰𝗰𝗼𝘂𝗻𝘁 | 🥉𝗣𝗿𝗼𝗖𝗲𝗻𝘁 𝗔𝗰𝗰𝗼𝘂𝗻𝘁 |
|---|---|---|
| Maximum leverage | 1:500 | 1:2000 |
| Minimum deposit | $100 USD | $10 USD |
| Spread | from 0.01 USD | Floating from 1.3 pips |
| Instruments | More than 12,000: Indices, Real stocks, CFD on stocks, Currencies and ETF, CFDs on Oil, CFDs on Metals, Cryptocurrencies, CFDs on Futures | 36 currency pairs, Metals, Cryptocurrencies |
| Swap-free | Yes | Yes |
| Loyalty bonuses | Not available | All offers |
| 🚀 𝗢𝗽𝗲𝗻 𝗮𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁 | 👉Click Here | 👉Click Here |
Pro Accounts
Pro Account
This account is the most popular of all offered by RoboForex and offers optimal trading conditions suitable to both beginners and experienced forex traders.
| 💻 𝗔𝘀𝗽𝗲𝗰𝘁𝘀 | 🥇 𝗣𝗿𝗼 𝗔𝗰𝗰𝗼𝘂𝗻𝘁 |
|---|---|
| Maximum leverage | 1:2000 |
| Minimum deposit | $10 USD |
| Spread | Floating from 1.3 pips |
| Instruments | 36 currency pairs, Metals, CFD on US stocks, CFD on Indices, CFD on Oil, Cryptocurrencies, CFDs on Futures |
| Swap-free | Yes |
| Loyalty bonuses | All offers |
| 🚀 𝗢𝗽𝗲𝗻 𝗮𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁 | 👉Click Here |
Overall Rating
- 4.7/5
Min Deposit
USD 10
Regulators
IFSC
Trading Desk
MT4
Crypto
Yes
Total Pairs
32
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
RoboForex Sign-Up Bonus
RoboForex Trade and Exchange Platform has promotional offers for existing and new forex trading account owners. These promotional offers are listed below.
- Welcome, Bonus.
- Profit Share Bonus
- ssic Bonus.
- Cashback (Rebates).
- Up to 10% on Account Balance
| 𝗙𝗲𝗮𝘁𝘂𝗿𝗲𝘀 | 𝗗𝗲𝘁𝗮𝗶𝗹𝘀 |
|---|---|
| 🥈Broker | RoboForex |
| 💰 Sign Up Bonus | Yes |
| 📝Partnership Option | Yes |
| 🚀 𝗢𝗽𝗲𝗻 𝗮𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁 | 👉Click Here |
RoboForex Demo Account
This free demo account allows forex traders to explore what RoboForex has to offer in addition to providing forex traders with a risk-free way to explore the broker’s offer, range of markets, trading platforms, etc., and to offer forex traders the freedom to test and backtest their trading strategies.
| 𝗙𝗲𝗮𝘁𝘂𝗿𝗲𝘀 | 𝗗𝗲𝘁𝗮𝗶𝗹𝘀 |
|---|---|
| 🥈Broker | RoboForex |
| 💰 Demo Account | Yes |
| 📝Virtually Funded | Not Indicated |
| 💻Terminal Access | Full |
| 🚀 𝗢𝗽𝗲𝗻 𝗮𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁 | 👉Click Here |
RoboForex Islamic Account
RoboForex offers Muslim forex traders the option of converting the R Trader, ProCent and Pro Account into that of an Islamic Account. This option can only be used for religious purposes and there may be additional charges when this option is applied.
To apply for the account, and to obtain more information, forex traders must contact RoboForex Customer Support.
| 𝗙𝗲𝗮𝘁𝘂𝗿𝗲𝘀 | 𝗗𝗲𝘁𝗮𝗶𝗹𝘀 |
|---|---|
| 🥈Broker | RoboForex |
| 💰 Islamic Account | Yes |
| 📝Accounts Offered | R StocksTrader / ProCent / Pro |
| 💻Terminal Access | Full |
| 🚀 𝗢𝗽𝗲𝗻 𝗮𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁 | 👉Click Here |
How to Open an RoboForex Account – Step-by-Step Guide
1. Step 1: Start your Registration
Navigate to the RoboForex website and select “Open an Account” from the homepage.
2. Step 2: Complete Information
Complete the short online registration form to obtain access to the member’s area.
3. Step 3: Select your account preference
Apply for an account by selecting “Open a new account” from the member’s area or login with your details, select whether it is a real, demo, CopyFX Trader, Partner, or Contest account.
Choose the trading platform, account type, currency, leverage level, user-selected password, country of residence, address, and postcode.
4. Step 4: Account Verification
Check your email account for verification address and details to which you would need to send the necessary documentation namely proof of identification and residence.
Top 10 Forex Brokers
Broker
Rating
Regulators
Min Deposit
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Website
Top 10 Forex Brokers
Broker
Rating
Min Deposit
Leverage
RoboForex Pros and Cons
| ✅ 𝗣𝗿𝗼𝘀 | ✅ 𝗖𝗼𝗻𝘀 |
|---|---|
| Wide Range of Instruments | Complex Fee Structure |
| Multiple Account Types | Limited Research Tools |
| RoboForex is regulated by FSC | Fees associated with withdrawing funds |
| Platform offers educational materials, webinars, and analysis tools | Limited Cryptocurrency Options |
| RoboForex provides access to popular trading platforms like MetaTrader 4 and MetaTrader 5 | Leverage can amplify potential profits, it also increases the risk of significant losses |
| Platform occasionally offers bonuses and promotions, such as deposit bonuses and cashback programs, providing additional incentives for traders. | Geographical Restrictions |
| 24/7 Customer Support to traders |
RoboForex VS AvaTrade VS HF Markets – Comparison Table
| 𝗔𝘀𝗽𝗲𝗰𝘁𝘀 | 𝗥𝗼𝗯𝗼𝗙𝗼𝗿𝗲𝘅 | 𝗔𝘃𝗮𝗧𝗿𝗮𝗱𝗲 | 𝗛𝗙 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 |
|---|---|---|---|
| Regulation | FSC | Regulated globally. | Regulated by CySEC, FCA, and others. |
| Minimum Deposit | $10 USD | $100 USD | $5 USD |
| Account Types | Prime, ECN, R Stocks Trader, ProCent, Pro | Standard, Islamic, Demo | Micro, Premium, Zero Spread, PAMM, and others |
| Leverage | 1:2000 | Up to 1:400 for retail traders | Up to 1:1000 for Micro, 1:500 for Premium |
| Trading Instruments | 36 currency pairs, Metals, CFD on US stocks, CFD on Indices, CFD on Oil, Cryptocurrencies, CFDs on Futures | Forex, Cryptocurrencies, Stocks, Commodities, Indices, Bonds, and more. | Forex, Cryptocurrencies, Metals, Energies, Indices, Shares, and more. |
| Spreads | Floating from 1.3 pips | Fixed and variable spreads | Variable spreads with tight options |
| Trading Platforms | MT4, MT5, RMobileTrader, RStocksTrader, RWebTrader | MetaTrader 4, MetaTrader 5, WebTerminal | MetaTrader 4, MetaTrader 5, HotForex WebTrader |
| 🚀𝑶𝒑𝒆𝒏 𝒂𝒏 𝑨𝒄𝒄𝒐𝒖𝒏𝒕 | 👉Click Here | 👉Click Here | 👉Click Here |
RoboForex Customer Reviews
Alex from support is top notch answered…
Alex from support is top notch answered really quick and with prompt responses 10/10 if i could put it.
OK broker.
I found RoboForex to be one of the most complete brokers in terms of account types and instruments. Being in the EU, from experience withdrawing a large amount ON THE WRONG DAY, can be terrible expensive. My error? Yes. Still a hard lesson and very annoying. Their banking contact resides in Lithuania and feels kinda scary these days, but research tells Lt. banks are fine though. It's an offshore broker (Belize), and it comes w. the obvious positives but regulators are not to tight.
I have been using Roboforex for more…
I have been using Roboforex for more than a month. I tried to withdraw my initial deposit ($1000) just for the test and I got my money the same day. Currently I use Roboforex together with trading bot, everything is great. Support is fast, there is personal manager available. Thanks for the opportunity to earn more.
Deposits and Withdrawal
➡️ RoboForex offers deposit and withdrawal methods as Bank Payments, Electronic Payments, QR & Vouchers.
➡️ Electronic Payments include: AstroPay, Skrill, Neteller, Perfect Money, STICPAY
Steps to Withdraw Funds from RoboForex Account
| 𝗦𝘁𝗲𝗽𝘀 | 𝗪𝗶𝘁𝗵𝗱𝗿𝗮𝘄𝗮𝗹 𝗳𝗿𝗼𝗺 𝗥𝗼𝗯𝗼𝗙𝗼𝗿𝗲𝘅 𝗔𝗰𝗰𝗼𝘂𝗻𝘁 |
|---|---|
| 𝗦𝘁𝗲𝗽 𝟭: | Log in to the RoboForex member’s area and select “Funds”. |
| 𝗦𝘁𝗲𝗽 𝟮: | Select “Withdraw” followed by the trading account, wallet, and the method of payment. Lastly, enter the amount and currency followed by the wallet password before selecting “Withdraw Funds”. |
| 𝗦𝘁𝗲𝗽 𝟯: | Please note that for withdrawals to be successful, forex traders must withdraw funds from their trading account to their trading wallet. |
| 𝗡𝗼𝘁𝗲𝘀 | Forex traders must ensure that when withdrawals are done, they use the same method used to deposit funds. |
RoboForex Fees, Spreads, and Commission
➡️ There are three types of costs with RoboForex. Commission costs are for Prime, ECN and R Trader Account users, spread costs are for all account users, and swap costs are for users that do not hold a swap-free account who choose to hold open positions after the trading day has ended.
➡️ A Forex Trading Cost is the cost incurred by the trader when they use RoboForex’s services. This cost can be applied in several ways such as spreads and commissions.
➡️ Spreads can be defined as the difference between the bid and ask prices, represented in pips, while commissions are charged on round trades, which will not apply to all accounts. Swap, overnight, or rollover fees are those costs that are charged when forex traders hold positions open for longer after the trading day has ended.
| 𝗔𝗰𝗰𝗼𝘂𝗻𝘁 𝘁𝘆𝗽𝗲𝘀 | 𝗦𝗽𝗿𝗲𝗮𝗱𝘀 | 𝗖𝗼𝗺𝗺𝗶𝘀𝘀𝗶𝗼𝗻𝘀 | 𝗠𝗶𝗻𝗶𝗺𝘂𝗺 𝗗𝗲𝗽𝗼𝘀𝗶𝘁 | 𝗟𝗲𝘃𝗲𝗿𝗮𝗴𝗲 |
|---|---|---|---|---|
| 📌 Prime | Floating from 0 pips | Up to 10% of commission | $10 USD | 1:300 |
| 📌 ECN | Floating from 0 pips | Up to 15% of commission | $10 USD | 1:500 |
| 📌 R StocksTrader | from 0.01 USD | 0% | $100 USD | 1:500 |
| 📌 ProCent | Floating from 1.3 pips | Up to 1.5% of the Company’s revenue | $10 USD | 1:2000 |
| 📌 Pro | Floating from 1.3 pips | Up to 15% of the company’s revenue | $10 USD | 1:2000 |
RoboForex Partnership Options
When opening an affiliate Earn up to 70% commission with Affiliate accounts with 24/7 support and daily payments together with simple analytics.
RoboForex Product Portfolio
| ☑️ 𝗙𝗲𝗮𝘁𝘂𝗿𝗲 | ☑️ 𝗥𝗼𝗯𝗼𝗙𝗼𝗿𝗲𝘅 |
|---|---|
| Stocks | Yes |
| Indices | Yes |
| Futures | Yes |
| ETF | Yes |
| Social Trading | Yes |
| Metals | Yes |
| Energy commodities | Yes |
| Commodities | Yes |
| Currencies | Yes |
| Cryptocurrencies | Yes |
RoboForex Broker Trading Platforms
RoboForex offers forex traders the use of a range of powerful, innovative trading platforms namely MetaTrader 4, MetaTrader 5, cTrader, and R Trader.
📈 MetaTrader 4
One of the most popular trading platforms used in the industry offering forex traders with 50 ready-to-use indicators while conducting technical analysis, basic tools for graphic analysis, the opportunity to program trading robots, three types of order execution, and availability across several devices when they register a RoboForex account.
📈 MetaTrader 5
The newer, updated version in the MetaTrader suite which offers four types of order execution, multi-currency tester, market depth, six types of pending orders, more indicators, MQL5 along with a community, a marketplace, and use across several devices when using a RoboForex account.
📈 cTrader
A trading platform designed for use by experienced RoboForex forex traders who prefer order execution speed along with unconventional instruments that can be applied to trading strategies.
📈 R Trader
A web platform that offers Forex traders convenience and ease of use, multiple asset classes, innovative technology, and a classic design while offering high leverage on stocks, advanced watchlists, and access to all global financial markets that RoboForex offers.
Conclusion
In conclusion, RoboForex's user-friendly platform, competitive spreads, and extensive trading choices provide traders of all skill levels with a strong platform. RoboForex Broker positions itself as a reliable resource to assist you in reaching your financial objectives, whether you're interested in social trading, cryptocurrencies, or the Forex markets.
Disclaimer
Trading foreign currencies on margin carries a high level of risk and it may not be suitable for all traders and investors. Forex is a highly leveraged financial instrument and these high-risk stakes can result in you losing a substantial amount of money. Consider your appetite for risk before trading forex using real money on a live account.
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Frequently Asked Questions
Does RoboForex publish an economic calendar?
RoboForex offers an economic calendar.
Does RoboForex have a mobile app for Forex trading?
Yes, RoboForex offers a mobile app for Forex trading on web browsers, iOS, and Android devices
Does RoboForex have a welcome bonus?
Yes, RoboForex offers a welcome bonus. RoboForex’s Welcome Bonus allows forex traders to register for a real account and receive initial funds of 30 USD for trading. This Welcome Bonus is available to new forex traders who have verified their personal information.
Who is RoboForex’s CEO?
RoboForex is the property of RoboMarkets, Ltd, of which Andrei Dziarnovich is the CEO. Dziarnovich has been in his current position from March 2019 until the present and has a master’s degree from the Belaruski Dziarzhauny Universitet in Business/Managerial Economics.
How does leverage work with RoboForex?
RoboForex offers leverage up to 1:2000.
Where are the headquarters of RoboForex?
RoboForex is headquartered in Guava Street, Belama Phase 1, Belize City, Belize.
Does RoboForex have online support?
Yes, RoboForex has an online support team for Forex trade account users. The online support team can be contacted by selecting the green chat banner presented at the bottom right-hand side of any screen on the website.
How many employees do work for RoboForex?
According to official sources, RoboForex has over 214 employees.
Can you start trading with no money at RoboForex?
No, you cannot start trading with no money at RoboForex. This is as a result of the fact that RoboForex does not offer a no-deposit bonus or a $0 minimum deposit requirement. forex traders must pay the minimum deposit amount of $10 before they can start trading.
Is there a commission-free trade bonus in RoboForex?
Yes, RoboForex has two account types on which there are no commissions charged on trades, these accounts are the ProCent and the Pro Account.
What is the minimum deposit in RoboForex?
The minimum deposit in RoboForex is $10 when registering any of the live trading accounts.
Does RoboForex have Nasdaq?
The Nasdaq Stock Exchange is an exchange based in the United state which is dominated by technology stocks.
RoboForex has Nasdaq according to the broker website. As a Nasdaq owner, RoboForex offers forex traders the option of trading a variety of popular stock CFDs on the Nasdaq 100.
Does RoboForex offer demo accounts for Forex trading?
Yes, RoboForex offers a free demo account for all new forex traders.
Does RoboForex Have a Traders Dashboard?
Yes, RoboForex offers a comprehensive forex traders Dashboard that provides forex traders with access to analytics, the economic calendar, blog, education, and a wide variety of trading tools.
Is RoboForex a Good Broker?
Yes. According to the Forex Suggest review, for security, trading speed, online support, and cryptocurrencies, RoboForex is a good broker.
How many days do deposits take with RoboForex?
Deposits with RoboForex take between one minute up to several days, depending on the payment method used and internal processes of the financial institution.
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