Who Are Roboforex?
Why Do Most Traders Prefer RoboForex.
The most reputable financial market professionals see RoboForex as a trustworthy partner. Several significant accolades have been bestowed upon the company. The RoboForex group of firms holds an international licence from FSC Belize to provide services and a European licence from CySEC (licence No. 191/13 Robomarkets Ltd).
RoboForex is a brokerage firm that was established in 2009. It serves the financial markets in 169 countries. RoboForex has over 3.5 million customers. RoboForex also has the industry's leading online broker site.
Users in various marketplaces can be assured of a smooth trading experience at RoboForex. It presently serves international Forex clients, and over a million traders have registered for a demo account on the platform. RoboForex gives its clients the best promotional deals in the financial markets. RoboForex is a broker with a global presence that provides specialised solutions ranging from copy trading to crypto deposits.
When clients establish a demo account with RoboForex, they can take advantage of various profitable offerings, including trading robots and trading signals. The Forex platform's headquarters are at 2118 Guava Street, Belama Phase 1, Belize City. It was founded and presented to CFD and Forex investors in 2009. RoboForex has experienced a rising trajectory in the forex expanse since its entry into the market and serves 1,000,000 business partners today.
RoboMarkets Ltd is the official sponsor partner of the BMW M Motorsport automotive brand. RoboForex's systems support USD, EUR and other market currencies. It is regulated by the International Financial Services Commission Belize (IFSC), making it a trustworthy financial markets platform. RoboForex allows customers to copy trade leveraged market exchange techniques. Users can open demo accounts in Micro, Mini, Standard, ECN, and Islamic Funding Methods. RoboForex offers tighter trading spreads with 0 pip assessments to asset class customers. Furthermore, the highest leverage available for all main asset classes is 1:2000.
MetaTrader 4, MetaTrader 5, cTrader, and rTrader are the trading platforms available to users. RoboForex is a market exchange that is technically automated. The spreads, trading fees, platforms, and trading features make RoboForex an appealing offer to worldwide brokers and a preferred choice among traders. RoboForex offers host market services that make use of trading robot functionality.
Why do most traders prefer RoboForex
RoboForex offers trading services on a global basis. The company's headquarters are at 2118 Guava Street Belama Phase 1 Belize City. RoboForex currently has clients in the EU and EEA who are quite active in trading assets.
Many evaluations are favourable to the platform's features. The RoboForex platform, an exceptional trading environment, is available for various trading styles for investors.
Advanced trading is also offered on the cTRader and R Trader trading alternatives. For best results, the client can choose from various trading instruments. It also provides trading solutions to customers through the "ContestFX" function.
A Forex trader can use this to open a legitimate trading account and begin their overseas investment activities. The commission is always 0% when clients deposit funds into their trading accounts. RoboForex pays for all expenditures. Clients can install one of the industry's most popular trading systems on their PCs or mobile devices.
Is RoboForex a regulated platform?
The International Financial Services Commission (IFSC) of Belize regulates RoboForex under permit number 000138/210. The Financial Commission's platform regulation compliance is a grade "A" accredited branch.
RoboForex is a member of the Compensation Fund facility, which guarantees a grant of up to 20,000 Euros for each instance.
Advantages of using RoboForex
- Market Makers in RoboForex can trade with a low minimum deposit and no commission trades.
- RoboForex offers more robust trading spreads starting at 0 Percentage In Point (PIP), based on the specific trading conditions.
- The order execution types are accelerated on the RoboForex platform.
- RoboForex provides currency pairs such as EUR USD CNY and commodities such as gold.
- When traders register an account with RoboForex, they gain access to 7 trading asset classes and multi-asset functionality.
- The minimum share size for micro account holders is 0.01.
- RoboForex users benefit from a "partners affiliate system."
- RoboForex offers Copy Trading for currency pairs and commodities.
RoboForex's disadvantages
- The minimum deposit is $10.
- Thirty-six currency pairs are available for accounts: Pro, Pro-Cent, ECN, and Prime.
- No cryptocurrency tools are available when trading on the R Trader platform.
- There are no set spread accounts.
- They accept no clients from the United States, Canada, Australia, or Japan.
RoboForex Accounts
RoboForex trading accounts include ECN, Prime, R Trader, Pro-Cent, and Pro-Standard. The minimum deposit for all account types at RoboForex is 10 EUR, which is lower than that of other Australian forex brokers and the best forex brokers in the UK. The maximum leverage amount climbs to 1:300 with a Prime Account.
However, the minimum deposit for the R Trader account is 100 EUR. Even yet, it is shockingly low in comparison to other websites.
The ECN and Prime Trading Accounts serve C-Suite foreign exchange investors. These accounts help highly competent traders by providing experienced insights and data from trading signals, spreads, and trading features such as zero pips. The Forex platform prefers stock asset services for exchanges in the event of the R Trader account. Novice traders with a RoboForex account can use its Pro-Cent and Pro Account trading tools.
According to RoboForex reviews, the company also provides a Swap privatised account. From the RoboForex webpage, clients can open a fiscal exchange account and begin trading in an active market.
Fees for RoboForex
According to the RoboForex review, trading account exchanges have no commission fees. RoboForex's 0% trading cost leverage applies to all deposits and withdrawals.
Options for Deposits and Withdrawals
RoboForex deposit options
Payment methods are not restricted at RoboForex. Money deposited to your RoboForex account through the Skrill and NETELLER systems is sent instantly and without commissions. Card payments and e-wallets are the global and local bank deposit alternatives available on RoboForex.
The payment methods available to forex investors on RoboForex have a low compensation cost. For basic accounts, the minimum deposit conformity is 10 EUR USD. The local bank transfer payment method allows you to transfer funds straight from your bank account to your RoboForex account in the local currency. The main benefits include payments in local currency, cheap fees, speedy execution, and a high level of security.
RoboForex withdrawal options
Customers can choose from 13 different withdrawal methods on the platform. However, withdrawal limits are determined by the jurisdiction and governmental banking permissions.
Compared to other platforms, the withdrawal process at RoboForex takes only one day. The trading costs for withdrawals at this forex broker range from 0.5% to 2.8%. RoboForex users can take advantage of a promotion dubbed "Free Funds." More information on its fee structure can be found here.
RoboForex Security
According to the RoboForex review, it offers negative balance protection. Suppose market volatility prevents clients from maintaining a positive balance on their trading account. In that case, RoboForex Ltd immediately tops up the amount to 0, and the client is not charged for this. According to the explanation of this negative balance protection on the RoboForex official website, it refers to market conditions that prevent traders from keeping their balance in the black owing to volatility. As a result, RoboForex can only reset the balance to zero.
Customer Service at RoboForex
RoboForex's customer support staff is dedicated to providing clients with attentive service and excellent solutions. Customer service at RoboForex is available in 12 different languages, including Arabic, English, Malaysian, and Spanish, to name a few.
Customer service is available 24 hours a day, seven days a week via email, social media, live chat features, and WhatsApp messages. There have also been some excellent evaluations of the customer service personnel.
Roboforex Guide – Read our In-Depth Roboforex Review
Roboforex Rating: 7.85 / 10
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58.42% of retail investor accounts lose money when trading CFDs with this provider.