Roboforex Review: Pros, Cons, And How It Stacks Up | Updated for 2022
This Roboforex review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about Roboforex to give you the most comprehensive guide available.
Roboforex is a professional broker that was founded in 2009. They have around 220 staff that help the company provide An international broker, a winner of prestigious awards with 10+ years of experience on the market. 7 asset classes and more than 12,000 instruments for trading., to 10,000+ clients through MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps.
Roboforex Guide – Read our In-Depth Roboforex Review
Roboforex Rating: 7.85 / 10
This Roboforex review page contains information about investing with Roboforex. It is intended for educational purposes only and should never be considered financial advice. comparebrokers.org is not a brokerage or advisory service. We do not recommend or advise that investors buy or sell securities or stocks.
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Please note that due to regulations, the content in this review of Roboforex does not apply to users in United States of America, and Japan.
This Roboforex review contains the most recent details surrounding Roboforex.
If you are a new entrant in the realm of online trading and brokerages, so many details will no doubt be perplexing for you. Getting into the area of online trading requires expert assessing skills and comprehensive knowledge. You will get adept at all the concepts of online trading and brokers while you continue trading. For starters, you need to choose the right agent who will constantly be transparent with you.
In the fast-paced world of financial markets and trading, you'll need advice to make educated decisions. A professionally lead investment plan could help you in minimising any potential losses and maximising any returns. Roboforex is one such stage that will help you. It's important that you understand all you can about any broker until you trust them with your cash.
Roboforex Review for 2022 – Brief Overview
| Roboforex Telephone: | +65 3158 8389 |
| Roboforex Support Email: | info@roboforex.com |
| Roboforex Address: | Soboh House 377, 28th October Street, office #1, Limassol, Limassol 3107 |
| Year Founded: | 2009 |
| Regulated By: | Cyprus Securities and Exchange Commission (CySEC), IFSC Belize license No. 000138/210, Member of the Financial Commission Compensation Fund. |
| Hedquarters: | Cyprus |
| Minimum Deposit: | $1 |
| Number Of Clients: | 10,000+ Roboforex users and traders |
| Roboforex TrustPilot: | https://uk.trustpilot.com/review/roboforex.com |
| Roboforex LinkedIn: | https://www.linkedin.com/company/roboforex/ |
| Roboforex Facebook: | https://www.facebook.com/RoboForexOfficial |
| Roboforex Facebook Likes: | 306,746 |
| Roboforex Twitter: | @RoboForexGlobal |
| Roboforex Twitter Followers: | 335 |
| Roboforex Instagram: | https://www.instagram.com/roboforex/ |
| Roboforex Instagram Followers: | 26,400 |
| Roboforex Youtube: | https://www.youtube.com/user/TheRoboForex |
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58.42% of retail investor accounts lose money when trading CFDs with this provider. |
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Our entire Roboforex review for beginners covers all you will need to know about trading with Roboforex. A good agent can take your initial investments and help to protect it from losses but also give you a platform that can help to provide you profits. If you want to make profits, you must trade with a broker service that contrasts with your investment goals.
Of course, there's absolutely no sure-fire method to ensure profits; thus, you must carefully analyze your agent before you select them. It's a common misconception that all agents are the same, but that is not true. Wrong judgment, in the beginning, can set your investments at risk.
Roboforex is a trading partner which has forged its way successfully into the brokerage world. In this review, we have tried to collate a number of the vital aspects of Roboforex. This guide will help you to learn whether Roboforex is a good fit for your own investments or not. We have tried to breakdown all the features and charges for your advantage.
Who are Roboforex?
Roboforex is a foreign exchange broker with its head office in Cyprus and provides a range of tools for trading. Since its establishment in 2009 they have emerged as a leading player in the industry of online trading. Roboforex has a highly competitive and full-featured trading website that is focused on forex, indices, metals, stocks , commodities.
Over the past 13 years, Roboforex has become one of the leading online brokers available to the public.
After establishing itself in 2009, their customer base has increased to 10,000+ clients.
Roboforex is a favourite for many traders because of its negative balance protection. Our Roboforex account review found that they're a professional platform for online trading options. They are most appropriate for investors that are looking for an assortment of assets. Social and easy to use trading solutions are the heart at Roboforex.
Technology plays a significant role in Roboforex. They offers trading on MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps. Roboforex is fair, transparent, and also a well-regulated agent by the Cyprus Securities and Exchange Commission (CySEC), IFSC Belize license No. 000138/210, Member of the Financial Commission Compensation Fund.. Their outstanding variety of tools will be beneficial for most traders. Third-party partnerships also provide in-house research.
The educational section at Roboforex is quite insightful for new dealers as it permits them to have a closer look at the financial markets. Roboforex caters to all sorts of traders and are a must-have broker for almost any well-diversified approach to online trading.
Roboforex Review Videos
Benefits of trading with Roboforex in 2022
Trading with Roboforex includes many benefits. These advantages are what sets Roboforex apart from the rest of the online agents. You need to check all the benefits listed so you have a better understanding of Roboforex.
The agent goes to great lengths to comprehend what dealers need. As a result, the service, quick, and convenient. The broker also gives a variety of platforms for all kinds of traders. Roboforex ensures that the individual needs of all online traders are met to the best of their ability.
Roboforex also includes excellent trading conditions which are available to all and not only an elite group of institutional clients. The tight spreads and quick executions are a fantastic benefit for all traders. The technology embraced by Roboforex is among the maximum caliber, making sure that it's fast, reliable, and efficient.
Roboforex acknowledges the significance of owning a fast order execution. A fast implementation enables users to exchange without worrying about slippage safely. It is going to also help the traders to catch any opportunities.
Copy trading is another important facet of Roboforex. A new trader can learn from industry experts using the automated copy trading alternative. This means you can monitor well performing traders and instantly copy their trades and benefit from their experience
To build a strong community of traders and investors, and to encourage successful traders to share their wisdom, Roboforex offers social trading which encompasses leading traders sharing their knowledge with the community. Roboforex's social trading platform allows traders to share their expertise with others to build a community of investors and traders. Which stocks they are following, what stocks to buy, and what stocks to sell. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. It is a more independent version of copy trading
Roboforex has over 12000 trading instruments to support all kinds of traders. These instruments are lively and convenient for both new and experienced traders. All traders can set aside all their concerns when trading using Roboforex.
Roboforex Overview
Year Founded: 2009
Regulated By: Cyprus Securities and Exchange Commission (CySEC), IFSC Belize license No. 000138/210, Member of the Financial Commission Compensation Fund.
Hedquarters: Cyprus
Minimum Deposit: $1
Number Of Clients: 10,000+
58.42% of retail investor accounts lose money when trading CFDs with this provider.
If you feel that Roboforex is not right for you then at the bottom of this Roboforex review you will find a lot of alternatives to Roboforex.
Everything you should know about trading using Roboforex
Roboforex is a lively platform that offers various techniques of trading. These tools cover the financial markets considerably. Most of the broker platforms provide fewer procedures than Roboforex
If you wish to exchange with Roboforex, you'll require a minimum deposit of $1. This deposit is required if you wish to begin trading with Roboforex. This 2022 Roboforex review will direct you safely about trading with them.
Roboforex is as flexible as another broker platform. Roboforex is ideal for traders that want a manageable range of low-cost services. The programs offered by Roboforex are third-party, white-label offerings. All traders may pick from MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps
Along with everything, Roboforex has multiple benefits to new and verteran traders and should be investigated. There's no minimum time over which a transaction has to be kept available. The brokers provide premium client service which rewards customers with benefits.
Many unethical brokers try to pressurise consumers into larger funding for premium services. Roboforex, though, is much more concentrated on trading volume. Traders can expect trading conditions to be fair, honest and transparent. The more lots traded by the consumer, the greater advantages will become available.
Roboforex accounts are available around the world and provides outstanding service wherever they have customers. There are only a select few countries where Roboforex accounts are not available. Traders in the following countries cannot open or use a Roboforex account:
United States of America, and Japan.
Is Roboforex Safe To Trade With In 2022?
Established in 2009, Roboforex has been open for 13 years, they have a head office in Cyprus
Roboforex is regulated by Cyprus Securities and Exchange Commission (CySEC), IFSC Belize license No. 000138/210, Member of the Financial Commission Compensation Fund.. These bodies have rules that ensure that trading platforms have measures in place to keep investor's resources secured. This means that Roboforex users do not need to worry about their money as it's segregated and safely stored in banks that are established. SSL encryption secures every user's private information also.
You can make use of a choice for 2 Factor Authentications (2FA) with Roboforex for heightened safety. An SMS with the confirmation code will be sent to a phone. You will be required to input this code to log in to your account.
Another concern with online trading brokers with regards to security may be manipulation of trading. This is highly disadvantageous to users on these platforms. Nonetheless, this is more widespread in the case of Market Maker brokers who compete with users on the platform.
Roboforex Risk Disclaimer
There is a high level of risk involved when trading leveraged products such as Forex/CFDs. 58.42% of retail investor accounts lose money when trading CFDs with this provider. You should not risk more than you can afford to lose, it is possible that you may lose the entire amount of your account balance. You should not trade or invest unless you fully understand the true extent of your exposure to the risk of loss. When trading or investing, you must always take into consideration the level of your experience. Copy-trading services imply additional risks to your investment due to nature of such products. If the risks involved seem unclear to you, please apply to an outside specialist for an independent advice. RoboForex Ltd and it affiliates do not target EU/EEA clients. RoboForex Ltd and it affiliates don't work on the territory of the USA, Canada, Japan, Australia, Bonaire, Curaçao, East Timor, Liberia, Saipan, Russia, Sint Eustatius, Tahiti, Turkey, Guinea-Bissau, Micronesia, Northern Mariana Islands, Svalbard and Jan Mayen, South Sudan, and other restricted countries.
Pro's & Con's Of Trading With Roboforex
Every online trading platform will have a few pros and cons Roboforex review would be complete without having a balanced approach. This Roboforex review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Roboforex Pro's
Roboforex is highly rated by us.
Roboforex is regulated by Cyprus Securities and Exchange Commission (CySEC), IFSC Belize license No. 000138/210, Member of the Financial Commission Compensation Fund..
Roboforex has been trading for 13 years.
Roboforex offers customer support over the phone.
Roboforex provides customer support over email.
Roboforex gives access to customer support over livechat.
Roboforex is an award winning broker.
Roboforex offers negative balance protection.
Roboforex has a low minimum deposit requirement.
Roboforex doesn't charge inactivity fees.
Roboforex has a wide range of trading instruments.
Roboforex has over 100 employees.
Roboforex offers social trading.
Roboforex offers copy trading.
Roboforex allows scalping.
Roboforex allows hedging.
You can trade metals with Roboforex.
Roboforex Con's
Roboforex doesn't offer guaranteed stop loss. Roboforex charges withdrawal fees. You can't trade Cryptocurrencies with Roboforex. Roboforex doesn't allow commodity trading. You can't trade energies with Roboforex.Compare Brokers Similar To Roboforex
Regulation And Licencing In More Detail
Roboforex is regulated by Cyprus Securities and Exchange Commission (CySEC), IFSC Belize license No. 000138/210, Member of the Financial Commission Compensation Fund..
Roboforex, as a company, has a powerful collection of rules for ensuring fair trading onto its own platform. For information encryption purposes, it provides an industry-standard secure socket layer (SSL).
As per the company's privacy regulations, client data is to not be shared with some other institutions or individuals. Including credit history and other financial details.
Roboforex Awards
Roboforex have won numerous industry awards over the years they have been running as an online broker. We detail the most recognised awards for Roboforex here.
- In 2020 Roboforex was awarded Most Trusted Broker.
- In 2020 Roboforex was awarded Most Transparent Asian Forex Broker.
- In 2020 Roboforex was awarded Best Investment Products (Global).
- In 2021 Roboforex was awarded Best Mobile Trading App (Global).
- In 2021 Roboforex was awarded Most Transparent Broker (Global).
Roboforex Trading Platforms
Roboforex are a professional broker that has been open for over 13 years. They offer a wide range of options in their customer accounts.
In the following table we take the main parts of any good online trading platform and compare Roboforex with freetrade, and easyMarkets.
Roboforex MetaTrader 4 (MT4)
MetaTrader 4 also known as MT4 is one of the top trading platforms on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to cover all your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.
The MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements.
You can start using the MetaTrader 4 platform with Roboforex in multiple formats including through an online web platform, or through a downloadable application for Windows PC's and Mac's. Roboforex MetaTrader 4 is compatible with the latest macOS. Roboforex allows traders to trade on mobile devices through Android and iOS devices.
Metatrader 4 Webtrader and Roboforex
MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators.
Trading With Roboforex MetaTrader 4 On iOS Devices
You can download the Roboforex app or also trade with Roboforex through the MetaTrader 4 application on the Apple app store.
Download the Roboforex MetaTrader 4 Program free of charge from Apple's App Store. Roboforex customers have instant access to the Financial markets, with the ability to completely manage a Portfolio on the go.
Trading With Roboforex MetaTrader 4 On Android Devices
Andorid mobile devices and tablets are used by millions of people globally. Roboforex provides its clients access to the MetaTrader 4 platform on Android supported devices so that their 10,000+ customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android Roboforex MetaTrader 4 application enables traders to make the most of multiple advanced trading features which enables them to monitor and trade quickly on the go, simply and securely.
Minimum Deposit Required
The minimum deposit you need to get started on Roboforex is $1. This is an adequate amount for those just starting out. It's possible to make more complex residue as you cooperate. But, make certain you understand how to make the most of your money before investing larger amounts.
Commission And Fees Explained
Roboforex is an online broker platform, and many online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled better. In other words, an online broker isn't necessarily influenced by the number of customers they have.
However, this doesn't necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for various services to earn money. There are primarily three different types of penalties for this objective.
The first sort of fees to keep an eye out for are trading fees. When you make a genuine trade, like purchasing a stock or an ETF, you are billed trading fees. In these instances, you are spending a spread, funding speed, or even a commission. The sorts of trading charges and the prices vary from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the flip side, a spread refers to the gap between the buying and selling cost. Financing or overnight prices are people that are charged when you hold a leveraged position for more than daily.
Apart from trading charges, online brokers also bill non-trading fees. These are dependent on the actions you undertake in your account. They are charged for services like depositing cash, not investing for long periods, or withdrawals.
Generally, Roboforex does not charge high fees compared to other online brokers. For operations other agents fee for, they either do not charge a broker fee, or they charge a smaller sum. This can be beneficial for people who regularly trade, for example daily or weekly trading.
But, non-trading fees billed by Roboforex are comparatively competitive. As a result, you are billed more for non-trading actions on your trading account, like deposits and withdrawal. These are not related to the purchase and sale of resources.
This Roboforex review breaks down every one of the relevant non-trading charges for you in detail.
Compare Broker Fees Of Roboforex
Roboforex Withdrawal Fees Explained
Roboforex charges a withdrawal fee when you create a bank transfer. Every time you move money back into your bank account, these withdrawal charges become applicable.
Withdrawal of money is possible at any moment from the Roboforex account. You can draw up sums to the sum of your account balance, keeping aside the margin utilized. 1 thing to keep in mind is that you don't always need to have any cash in your accounts.
Moreover, the withdrawn money will be transferred directly to the accounts you use to make deposits. Thus, in the event that you used a credit card for deposits, the withdrawn money will be sent into the cardRoboforex will ask you to provide other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you're withdrawing cash in various currencies from USD, a conversion fee is also important. The conversion fee will depend on the currency you are choosing to withdraw in.
Roboforex Inactivity Fees Explained
Roboforex doesn't charge inactivity fees so you are free to utilize your account as needed
Even if no fees have been implied by Roboforex, it is best that you close the account if you're inactive. Inactivity fees are not only charged by brokerage firms but also many financial services.
For additional trading platforms, the inactivity fee depends on the sort of account you have chosen. The inactivity fee is subjected to a lot of conditions and should be disclosed clearly by the broker beforehand.
Roboforex Deposit Fees Explained
When you move money in your trading account by your bank account, a deposit fee can be charged by the broker. Most brokers do not charge too much money for this operation.
Roboforex doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash onto the Roboforex trading platform is simple. You simply have to finish a single-user profile survey to start depositing money into your trading account. You'll have to give an identity evidence and proof of residency to deposit large amounts.
Compare Roboforex Vs Other Broker Deposit Methods
What Can You Trade With Roboforex in 2022?
Note: Roboforex offers many different trading instruments due to regulatory restrictions in a few countries. Trading instruments offered will differ depending on the country of residence of the client.
Roboforex has a wide variety of over 12000 instruments available for you to trade with.
If trading currency pairs is of interest to you then Roboforex offer over 35 forex pairs.
Compare Roboforex, freetrade & easyMarkets below.
Roboforex Trading App Review
Note: Roboforex's mobile app has a lot of functions and is being constantly improved. What follows was accurate at the time of writing this Roboforex broker review.
Understand the capabilities of the mobile apps of Roboforex, freetrade & easyMarkets below.
Trading Education Available At Roboforex
Understand the trading resources available with Roboforex, freetrade & easyMarkets below.
Roboforex Customer Support
As part of our Roboforex broker review we examined the options for customer service as well as response times. on the Roboforex trading platform problems solution effectiveness. Roboforex provides support in various languages including English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian
Roboforex Live Chat Support
We have tested the live chat on Roboforex and it worked flawlessly. We have sent messages via Roboforex livechat through their app and website and received a response in less than 20 seconds. There was sometimes no response.
We have tested communication via Roboforex support in a variety of languages across multiple countries. Roboforex were capable of resolving our customers' problems.
Roboforex Phone Support
We called Roboforex and the call was answered extremely quickly. We were able to have the call answered in less than 5-10 minutes.
The Roboforex phone support team was able to successfuly answer our queries and problems over the phone. We tested the multilingual Roboforex team by calling them in various languages. Roboforex made an effort to ensure our queries were answered.
The overall support via phone from Roboforex was okay.
Roboforex Email Support
We sent several messages to Roboforex and the response times were all satisfactory. The fastest email response from Roboforex was 5 hours and the slowest response was 12 days! There were times when there wasn't a response. Support response times may vary for you with Roboforex, however, we've had the experience of sending 10 emails at varying times.
The team was able to resolve and answer our queries. Average email support from Roboforex was acceptable.
Alternatives To Roboforex
If, after studying this Roboforex review, they do not quite meet your needs check out these Roboforex alternatives.
We've scoured the internet to find the best alternatives to Roboforex. Click the links below to learn more.
Frequently Asked Questions
Can I try Roboforex before I buy?
Yes, you can most definitely try Roboforex before you buy. Roboforex provides demo accounts for the convenience of beginner traders. You can use this feature to build your faith in the machine and yourself and your trading strategies.
If you sign up to get a demo account with Roboforex, you may set out with a decent amount of virtual currency. It's to establish a feeling of security and confidence in you until you decide to invest your own money.
With a virtual Roboforexdemo account, you can experiment at all, to whatever length you wish. You might also open positions, examine different trading strategies, and much more.
Roboforex specifies on its official site how you can trade real time stocks in a demo account.
Is Roboforex safe?
You can drop all of your worries since we believe that Roboforex is completely safe to use. It's in compliance with the rules of Cyprus Securities and Exchange Commission (CySEC), IFSC Belize license No. 000138/210, Member of the Financial Commission Compensation Fund..
Even so, Roboforex doesn't provide assured stop-loss protection.
Why does Roboforex ask for my passport?
The reason that Roboforex asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Roboforex has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Roboforex must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with Roboforex?
The process to start trading with Roboforex is super simple. You need to begin by signing up on the Roboforex website. It will require you to fill in details pertaining to the credibility and security of your account. You will probably also have top go through the standard KYC (Know Your Customer) checks but Roboforex are normally pretty quick with this.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with Roboforex is $1. You should have a good {understanding of|hold over} the {details|nuances} of online trading before you set out and trade with real money as losses can exceed deposits.
If you are confident of your knowledge and understanding, you can open an account with Roboforex.
The best way to kickstart your trading career with Roboforex is to open a demo account facility before risking any real money
What funding methods do Roboforex accept?
There are a number of ways to fund your account with Roboforex. The process is effortless and quick, with different payment methods in your fingertips.
You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing money. You must bear in mind that PayPal isn't available in every country. The monies Roboforex accepts for deposit are USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD.
Other deposit techniques you can adopt are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is a possibility as well, even though it takes approximately 4-7 days.
Is my money safe with Roboforex?
Yes, your money is safe and protected with Roboforex. As you already know, Roboforex operates with good conformation to regulations. It has established lots of measures to guard all its investors.
Roboforex protects its customers' private and sensitive information under SSL encryption. Your capital will be kept highly secure in top-tier banks.
If you wish to further protect your accounts, it is possible to enable Two-Step Verification also. It requires an SMS confirmation for you to access your account.
Is Roboforex trading good?
Yes, trading through Roboforex is a pleasant and decent experience indeed. It's an excellent and intuitive platform with helpful features for your ease. Moreover, you can also obtain access to a huge selection of educational tools and assistive material to kickstart your trading experience.
If you are still skeptical, it is possible to start a eToro demo account and assess the trustworthiness of the platform on your own.
Which Countries do Roboforex support?
Roboforex operates across the globe. However, due to regulations Roboforex doesn't accept clients resident in United States of America, and Japan.
Is Roboforex legit?
Roboforex is a legit company headquarted in Cyprus since 2009. They are regulated by Cyprus Securities and Exchange Commission (CySEC), IFSC Belize license No. 000138/210, Member of the Financial Commission Compensation Fund.. Roboforex is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is Roboforex a good broker?
Roboforex is a great agent, and its own users can vouch for this. The highlight of the platform is its quick order execution on transactions.
You'll find the clean layout of the platform along with the commendable features are pleasant to work with.
Is Roboforex a trustworthy broker?
Yes, Roboforex is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can affirm to their trustworthy nature.
Click here to see the Roboforex TrustPilot page
What is the minimum deposit for Roboforex?
The minimum deposit to open a live account with Roboforex is $1
How long do Roboforex withdrawals take?
Normally, withdrawal of money from Roboforex is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for a withdrawal from Roboforex to show in your bank account and withdrawls are available in any of the following currencies.
USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD
Is Roboforex regulated?
Roboforex are regulated by Cyprus Securities and Exchange Commission (CySEC), IFSC Belize license No. 000138/210, Member of the Financial Commission Compensation Fund.
Is Roboforex a market leading broker?
Roboforex is indisputably among the industry leaders. It has over 10,000+ registered customers and over 13 years of experience on its own record. They're among the world's top trading platforms and also a prominent figure in the Fintech revolution.
It majorly owes this status to its unbelievable platform and wide selection of tools plus resources so you may invest in capital markets.
Is Roboforex a con?
No, Roboforex is not a con. They are regulated by Cyprus Securities and Exchange Commission (CySEC), IFSC Belize license No. 000138/210, Member of the Financial Commission Compensation Fund. and must adhere to their rules. Thus, it is safe to say that Roboforex is not a scam.
Can you make money with Roboforex?
Using Roboforex, several traders earn a lot of money. But, just like all online brokers, it is important to note that traders can also lose money. In particular, 58.42% of retail investor accounts lose money when trading CFDs with this provider.
This can look to be a small number, but within the entire year, it quickly adds to a substantial amount of gains. Even though Roboforex supply you all of the tools to make money, they cannot guarantee that you will profit.
Does Roboforex have fees?
Yes. To start trading using Roboforex, you need to deposit $1. Certain commissions while trading also apply. Any processing fees from your bank might have to be incurred by you.
When was Roboforex founded?
Roboforex was founded in 2009 in Cyprus. Roboforex is regulated by Cyprus Securities and Exchange Commission (CySEC), IFSC Belize license No. 000138/210, Member of the Financial Commission Compensation Fund..
How many people use Roboforex?
Roboforex is a globally recognised agent with 10,000+ customers.
Where is the Roboforex head office?
Roboforex has its head office in Cyprus
Does Roboforex offer negative balance protection?
Yes, Roboforex has Negative Balance Protection. It is especially offered while the industry volatility keeps clients from allowing their accounts go into the red. In a situation like this, Roboforex provides the ability to reset a customers account balance to zero.
You can go through the important terms and conditions on Roboforex's site to understand their policies.
Does Roboforex offer guaranteed stop loss?
Roboforex, regrettably, does not offer guaranteed stop loss. Roboforex gives a chance to its dealers to close their trade in their given price. Aside from that, Roboforex does not offer guaranteed stop loss.
Does Roboforex allow scalping?
Yes, Roboforex does permit scalping. Several traders throughout the world select Roboforex for their scalping services. They offer trading on MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps which let this.
Does Roboforex allow hedging?
Yes, Roboforex does allow hedging.
Can you trade energies with Roboforex?
No, unfortunately you cannot trade energy stock with Roboforex
Can you trade agricultural shares with Roboforex?
No, unfortunately you cannot trade agricultural stock with Roboforex
Can you trade cryptocurrency with Roboforex?
No, unfortunately you cannot trade cryptocurrency with Roboforex
Can you trade metals with Roboforex?
Yes, you can trade metals with Roboforex
Can you trade UK Shares with Roboforex?
No, unfortunately you cannot trade UK shares with Roboforex
Can you trade US Shares with Roboforex?
No, unfortunately you cannot trade US shares with Roboforex
Can you trade Japanese Shares with Roboforex?
No, unfortunately you cannot trade Japanese shares with Roboforex
Can you trade German Shares with Roboforex?
No, unfortunately you cannot trade German shares with Roboforex
Does Roboforex accept bank transfers?
Yes, Roboforex accepts bank transfers for depositing money.
Does Roboforex accept credit cards?
Yes, Roboforex accepts credit cards for depositing money.
Does Roboforex accept PayPal?
No, Roboforex does not accept PayPal.
Does Roboforex accept Skrill?
No, Roboforex does not accept Skrill.
Does Roboforex accept Payoneer?
Yes, Roboforex accepts Payoneer for depositing money.
Payoneer, an American financial services company, offers online money transfer and digital payment services. It also provides working capital to customers.
Account holders can send and receive funds using an e-wallet, a virtual bank account number in a local currency or a re-loadable prepaid MasterCard debit card. The Payoneer debit card allows money to be used online or at point-of-sale with the Payoneer debit cards. The company specializes in facilitating cross-border B2B payments. It provides cross-border transactions in 200 countries and territories and more than 150 local currencies, with its cross border wire transfers, online payments, and refillable debit card services.
Payoneer is used by companies like Airbnb, Google, Amazon and Upwork to send large-scale payouts all over the globe. It is also used by eCommerce marketplaces such as Rakuten, Walmart and Wish.com, freelance marketplaces such as Fiverr and Envato, and works with ad networks to connect these firms with publishers based outside of their headquartered country.
Payoneer is a content creator and works with Pond5, iStock, Pond5 and other companies as well as the freelance market.
Payoneer's customer service team includes 320 employees that support 4,000,000 customers in 70 languages and in 150 currencies.
In October 2019, the company launched a service aimed for small and medium-sized businesses to send payments anywhere in the world quickly and cheaply.
Does Roboforex accept Neteller?
Yes, Roboforex accepts Neteller for depositing money.
Does Roboforex offer Live Chat customer support?
Yes, Roboforex offers customer support through live chat.
Does Roboforex offer phone customer support?
Yes, Roboforex offers customer support over the telephone.
Does Roboforex offer email customer support?
Yes, Roboforex offers customer support through email.
What languages can Roboforex communicate in?
Roboforex has the ability to communicate and support customers who speak: English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian
Does Roboforex have a wikipedia page?
No, Roboforex does not have an official wikipedia page.
Does Roboforex offer demo accounts?
Yes, Roboforex offers virtual portfolio accounts so you can test your trading strategies before risking any real capital. Newbie traders can open a virtual portfolio account in order to better understand the areas of Forex trading and test out some of the features before signing up for a live account.
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