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. For seasoned traders, the allure of zero-pip spreads in the ECN and Prime accounts will be appealing, while the R StocksTrader account caters specifically to those interested in stock trading. Each trader will receive the necessary information for successful trading — from the basics of the Forex market to analytics, reviews of trading strategies, advisors, and indicators.
Regulated by an Offshore Regulator
Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets. He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016. Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries. He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages. Steven holds a Series III license in the US as a Commodity Trading Advisor (CTA). RoboForex ensures global accessibility and high responsiveness through its 24/7 multilingual support.
- It facilitates secure in-app account deposits and efficient bonus management.
- I would suggest that if you are a very experienced trader looking for a high-risk broker with very high offshore levels of leverage to give it a try.
- We are glad to know that you feel safe trading with us, and we look forward to meeting your future expectations.
- Perhaps the biggest downside of RoboForex is that it’s regulated by an offshore regulator.
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Online investing with Roboforex can be just as risky as traditional offline investments. Therefore, conducting thorough research on the company you plan to invest with is crucial.If considering trading financial assets with Roboforex, evaluating the Roboforex platform is important. Evaluation includes researching the Roboforex management team, track record, and services. When it comes to online trading with brokers like Roboforex, carefully review Roboforex as your broker can make or break your success. Choosing the right broker is essential to ensure your Roboforex investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders.
- You can trade 28currency pairs, metals and CFDs on this type of account.
- As part of our Roboforex review, we review customer service options, response times and problem resolution effectiveness on the Roboforex trading platform.
- I measured RoboForex’s average execution speed at around 45 milliseconds, ranking it among the fastest brokers.
- RoboForex was established in 2009, so they have already had quite a few years in operation.
Download the Metaquotes MetaTrader 4 Program free of charge from Apple’s App Store. Roboforex customers have instant access to the financial market and can completely manage a Portfolio on the go. The Roboforex R StocksTrader Watchlists come in handy when researching and monitoring the financial markets. You can see the Top Winning financial assets and the Top losing financial assets by class and asset type and build your custom watchlists. These R StocksTrader watchlists allow you to quickly watch certain groups of financial assets of your choosing.
It strikes an effective balance between global standards and regional responsiveness. During the “Free Funds Withdrawal” promotional days, all transactions are processed without commission. RoboForex provides full transparency regarding applicable charges on non-promotional days.
Cashback depends on the trading turnover for the month on already closed orders. Here at TopBrokers, we’re committed to helping you in your trading endeavors. Whether that means starting from scratch or continuing your journey, we’re there for you every step of the way, with research to help you make an informed decision.
They are also a participant within the Financial Commissions Compensation Fund that provides eligible traders insurance cover. I think it is important that traders are giving the choice to access the features that matter the most to them. From the moment of its foundation in 2009, RoboForex has always been focused on providing the best trading conditions using innovative technologies and many years of experience. They are an international broker who are very proud to provide a variety of services to clients, which are of the same quality for all, regardless their experience and amount of their investments.
RoboForex provides Negative Balance Protection, ensuring that traders cannot lose more than their deposited funds. If an account balance goes negative due to extreme market volatility, the broker resets it to zero at no cost to the trader. RoboForex provides clients with access to a diverse range of financial markets, enabling traders to diversify their portfolios across various asset classes. With Negative balance protection, traders cannot lose more money than they have deposited. Trading CFD trades on the Roboforex platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.
Clients can contact RoboForex specialists in several ways:
It also maintains segregated accounts, distinct from the company’s own funds, adding a layer of protection for clients’ investments. Every trader getsa $30 Welcome Bonus, if they deposit $10 or more to their account. Additional bonuses include 5%-15% cash back on the feesdepending on the trading volume, as well as additional 10% extra funds for more than 1,000 traded. RoboForex has considerable work experience in many countries, which allows you to find a sufficient number of traders’ reviews online.
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Roboforex have their bespoke custom-built trading platform called Roboforex R StocksTrader. R StocksTrader has been designed from the ground up and allows trading over 12,000 multiple financial asset types on live markets worldwide. The RoboForex CopyFX platform enables traders to monitor, follow, and copy the Forex trades of more experienced traders who have a history of profitable trading within the RoboForex CopyFX community. However, it’s important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it’s essential to research and compares different brokers to determine which best suits your trading needs and budget.
The R StocksTrader account stands out, requiring a slightly higher initial deposit of 100 USD/EUR but still maintaining a competitive edge. RoboForex provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller. R StocksTrader – Formerly known as R Trader, the R StocksTrader app offers a comprehensive, all-in-one solution. It facilitates secure in-app account deposits and efficient bonus management. With 14 trading indicators, live charts, quotes, and additional mobile-friendly features, R StocksTrader ensures a fully-featured trading experience on the go.
Up to 10% on RoboForex account balance
Roboforex have won numerious industry awards over the 16 years they have been operating as a financial broker. We have listed the most notable awards and mentions for Roboforex below. Reliability in terms of platform performance as well as customer service. 9/10 They are professionals, fair spreads for the amout of leverage 2000x, fair basket of currencies. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.
Of course, you should do your research into account types and find the best fit for you. Pricing varies across each account, roboforex review so it’s vital to make sure that all conditions benefit you. Remember to review prices and compare it with your trading strategies and budget.