RoboForex, established in 2009, stands out as a prominent brokerage company and a leading software developer in the Forex industry, earning appreciation from clients and financial market experts alike. The company has received several prestigious awards, reinforcing its reputation as a reliable partner. With an international license from FSC Belize, RoboForex offers a compelling choice for traders seeking a trustworthy platform. Here’s why you should consider using RoboForex.
Popular user’s questions about RoboForex:
Can RoboForex be trusted?
Yes, RoboForex is considered a trusted brokerage firm, regulated by the Financial Services Commission (FSC) with license number 000138/437.
Is RoboForex legal?
Yes, RoboForex is a legal brokerage firm regulated by the Financial Services Commission (FSC).
Is RoboForex good for beginners?
RoboForex offers a Standard Account suitable for both beginners and experienced traders, providing balanced trading conditions.
How long does RoboForex withdrawal take?
The withdrawal time with RoboForex may vary based on factors such as the withdrawal method chosen and processing times.
Top facts about RoboForex beginners need to know
Diverse asset options
RoboForex provides an extensive array of financial instruments, having a pool of 12,000 assets that include currency pairs, CFDs on stocks, indices, metals, energies, futures, and cryptocurrencies.
Low minimum deposit
For those looking for accessibility, RoboForex offers a minimal entry requirement with a minimum deposit of $10/€10 for most accounts. The R StocksTrader account has a slightly higher deposit of $100/€100.
Regulatory compliance and fund protection
As a regulated broker under the FSC (Belize Financial Services Commission), RoboForex prioritizes the safety of clients’ funds. The company employs segregated accounts, participates in compensation funds, and ensures negative balance protection, aligning with the best practices in client fund security.
Is RoboForex safe?
RoboForex stands out as a secure and reputable brokerage firm, distinguished by its commitment to safety and regulatory compliance. Here are key considerations that emphasize the safety of RoboForex
Regulatory oversight
RoboForex operates under the regulatory umbrella of the Financial Services Commission (FSC) with license number 000138/437, instilling confidence in its adherence to established financial standards and protocols.
Civil liability insurance
The implementation of a robust Civil Liability insurance program underscores RoboForex’s commitment to risk management. With a coverage limit of 2,500,000 EUR, this insurance shields clients against omissions, fraud, and various risks, contributing to a secure trading environment.
Negative balance protection
RoboForex prioritizes client protection by offering automatic top-ups to clients’ accounts in the event of market volatility causing a negative balance. This proactive measure ensures that clients are not burdened with any financial responsibilities resulting from such market fluctuations.
Compensation fund membership
As a member of the Compensation Fund of the Financial Commission, RoboForex provides an additional layer of financial security. In cases where a member fails to comply with a judgment from the Financial Commission, this fund offers protection of up to €20,000 per case, reinforcing the commitment to safeguarding clients’ interests.
Verify My Trade (VMT) certificate
RoboForex’s receipt of the Verify My Trade (VMT) certificate attests to its commitment to execution quality. This certification, endorsed by the Financial Commission, signifies RoboForex’s adherence to stringent requirements, further validating its credibility in the industry.
SSL technology
Ensuring the confidentiality and integrity of clients’ personal information is very important for RoboForex. The use of state-of-the-art Secure Sockets Layer (SSL) technology exemplifies the platform’s dedication to safeguarding data, preventing unauthorized access and enhancing overall cybersecurity.
RoboForex pros and cons
Pros
Favorable trading conditions
RoboForex offers advantageous trading conditions, providing traders with a platform that supports their financial goals.
Minimum deposit requirement
The platform has a low entry barrier with a minimum deposit requirement, making it accessible to a wide range of traders.
CopyFx advantage
RoboForex stands out with its unique investment program, CopyFx, allowing users to leverage the strategies of successful traders.
High affiliate payments
The platform provides lucrative opportunities for affiliates, offering high payments of up to 84% of the referral fee.
Market launch – STP and ECN
RoboForex has a market launch with Straight Through Processing (STP) and Electronic Communication Network (ECN) capabilities, enhancing the trading experience.
Instant fund withdrawal
Traders benefit from the convenience of instant fund withdrawal, ensuring efficient access to their funds.
Low minimum deposit
With a minimum deposit requirement of $10, RoboForex accommodates traders with varying investment capacities.
Cons
Limited currency pairs
Some account types, including Pro, Pro-Cent, ECN, and Prime, have a drawback of a relatively small number of available currency pairs (36).
Lack of cryptocurrency tools on R StocksTrader platform
For users of the R StocksTrader platform, there is a limitation in terms of cryptocurrency tools, which may impact trading options in this regard.
Why choose RoboForex?
RoboForex stands out as the preferred choice for those venturing into Forex investment, offering a comprehensive range of features to ensure a stable income. Here’s why RoboForex is a favored broker for many users
Professional analytics and technical functionality
The broker’s commitment to providing robust analytical tools helps users to make informed decisions in the dynamic Forex market.
RoboForex CopyFx
This service allows users to effortlessly earn passive income by copying transactions from professional traders. The fully automated nature of CopyFx minimizes user involvement, making it an attractive option for those who seek simplicity and the potential for consistent returns.
Bonus programs
New traders can kickstart their journey with a $30 Welcome Bonus, requiring a minimum deposit of just $10. Additionally, the platform offers a classic bonus of up to 120% on initial deposits, providing users with extra capital to enhance their trading strategies. Further bonuses include cashback on fees, ranging from 5% to 15%, based on trading volume, and an additional 10% in extra funds for substantial trading activity.
Low minimum deposit
Accessibility is a key feature of RoboForex, as evidenced by its low minimum deposit requirements. For most accounts, a mere $10 is sufficient to open an account. However, for those opting for the R StocksTrader account or engaging in copy trading through CopyFx, the minimum deposit is set at $100.
Diverse trading options
The broker supports a variety of trading applications, including MetaTrader 4, MetaTrader 5, CTrader, R StocksTrader, and a web terminal that caters to both real and demo accounts. With the ability to trade 36 currency pairs, metals, and CFDs, users have a diverse set of instruments to build and diversify their portfolios.
Flexible leverage
Understanding the diverse needs of its user base, RoboForex provides flexible leverage options. Leverage ranges from 1:300 to 1:500, depending on the account type, aligning with regulatory standards. For those seeking higher leverage, the cent account offers an impressive leverage of up to 1:2000, catering to both experienced traders and those inclined towards aggressive trading strategies.
Multilingual support
RoboForex recognizes the global nature of the Forex market and ensures that its users have access to round-the-clock support in multiple languages. This commitment to multilingual support means that traders can get assistance with their queries and concerns promptly, irrespective of their geographical location.
Favorable trading conditions
RoboForex enables conducive trading conditions through the following offerings
Narrow spread
RoboForex takes pride in offering a narrow spread from 0 pips. This favorable condition is made possible by the platform’s direct access to liquidity providers in ECN systems.
Instant market execution
Traders experience instant market execution of orders, with no delays on the broker’s servers or platform. This ensures that traders can capitalize on market opportunities without unnecessary delays.
Commission-free transactions
In a user-friendly move, RoboForex does not charge commissions for withdrawing or replenishing accounts. Moreover, there are no restrictions on the number or frequency of withdrawals, providing users with flexibility in managing their funds.
No trading restrictions
Users enjoy the freedom of unlimited duration for open trades, and the platform allows the use of hedging and locking strategies. Traders can deploy any number and type of trading advisors, enhancing the versatility of their trading approach.
One-click trading and free EA constructor
To enhance the overall trading experience, RoboForex facilitates one-click trading, streamlining the execution process. Moreover, the platform offers a free EA constructor, allowing users to create trading advisors without the need for programming knowledge. This feature helps traders to customize their strategies according to their preferences and market conditions.
High leverage and negative balance protection
RoboForex caters to the varying risk appetites of traders by offering one of the highest leverage options in the industry, reaching up to 1:2000. This is in accordance with regulatory authorities and aligns with the preferences of both experienced and aggressive traders. The platform further reinforces its commitment to user protection with negative balance protection, mitigating the risk of substantial losses.
Free VPS-server
Traders can benefit from a free VPS-server, provided they achieve a trading volume of at least 3 standard lots per month. In the event of insufficient trading volume, a nominal monthly fee of $5 is applicable. This feature ensures uninterrupted access to the virtual private server, enhancing the efficiency of automated trading strategies.
RoboForex account types
RoboForex caters to a diverse range of traders by offering various types of trading accounts, each tailored to specific trading preferences and experience levels. The available account types are:
Standard account
Ideal for both beginners and seasoned traders, the Standard Account provides balanced trading conditions. With spreads starting from 1.3 pips, a maximum leverage of 1:2000, and a stop-out level of 20%, it offers a well-rounded trading experience.
ProCent account
Designed for beginners and those wanting to test trading strategies, the ProCent Account stands out with its unique feature of using cents as the base currency unit. It includes a stop-out level of 10% and the flexibility to trade currency pairs and metals.
Prime account
Tailored for experienced traders seeking advanced trading conditions, the Prime Account boasts spreads starting from 0 pips, a maximum leverage of 1:300, and a stop-out level of 60%, providing a sophisticated trading environment.
ECN account
Suited for traders desiring direct access to liquidity providers, the ECN Account features spreads from 0 pips, a maximum leverage of 1:300, and a stop-out level of 60%. This account type caters to those valuing transparency and direct market access.
R Trader account
Specifically crafted for trading stocks, ETFs, and cryptocurrencies, the R Trader Account offers access to a vast array of over 12,000 instruments. With customizable charts and advanced order types, it provides a comprehensive platform for diversified trading strategies.
