RoboForex has established itself as a major player in the online trading industry. With a wide range of financial instruments and innovative trading solutions, this broker has attracted traders from around the globe. In this article, we'll take a look at RoboForex, examining its key features, platforms, account types, and more to help you determine if it's the right choice for your trading needs.
Overview of RoboForex
RoboForex is a global financial brokerage company that has been operating since 2009. Headquartered in Belize City, Belize, the company's registered address is 2118 Guava Street, Belama Phase 1, while its business address is 9724 Ramiro Duran Street. It is a multi-asset broker that offers access to a variety of financial markets, including forex, stocks, indices, commodities, and cryptocurrencies.
The company is regulated by the International Financial Services Commission (IFSC) of Belize, which provides a level of oversight and protection for traders.
One of RoboForex's standout features is its extensive selection of trading instruments. With over 12,000 assets available, traders have plenty of options to diversify their portfolios. The broker also prides itself on providing competitive trading conditions, including tight spreads, high leverage (up to 1:2000 for some account types), and fast execution speeds.
| Key feature | Details |
|---|---|
| Regulations | IFSC (Belize) |
| Supported Languages | English |
| Products | Currencies, Stocks, Indices, Commodities, Futures |
| Min Deposit | $10 |
| Max Leverage | 1:2000 (IFSC) |
| Trading Desk Type | ECN, No dealing desk, STP |
| Trading Platforms | R Mobile Trader, R StocksTrader, MT5, R WebTrader, MT4, MT4 Multiterminal |
| Deposit Options | Western Union, Local Transfer, PerfectMoney, Wire Transfer, Skrill, Neteller, Credit Card, International Bank Transfer, AstroPay, Visa, Mastercard, SticPay |
| Withdrawal Options | Wire Transfer, Local Transfer, Neteller, International Bank Transfer, Skrill, Credit Card, AstroPay, PerfectMoney, Giropay, Visa, Mastercard, SticPay |
| Demo Account | Yes |
| Foundation Year | 2009 |
| Headquarters Country | Belize |
RoboForex’s Trading Platforms
RoboForex offers a variety of trading platforms to cater to different trader preferences and needs:
1. MetaTrader 4 (MT4)
MT4 remains one of the most popular trading platforms in the forex industry, and RoboForex provides full support for this classic terminal.
Key features include:
2. MetaTrader 5 (MT5)
For traders looking for more advanced features, RoboForex offers the MetaTrader 5 platform.
MT5 builds upon the success of its predecessor with additional capabilities:
3. R StocksTrader
RoboForex has developed its own proprietary web-based trading platform called R StocksTrader. This platform is designed for trading stocks, indices, ETFs, and other instruments.
Key features include:
4. R WebTrader and R MobileTrader
For traders who prefer web-based or mobile trading, RoboForex offers R WebTrader and R MobileTrader.
These platforms provide:
The Five Flexible Account Types
RoboForex caters to different trading styles and experience levels with various account types:
- Pro Standard: A popular choice for beginners, offering balanced conditions for trading currencies and other markets.
- Pro-Cent: Ideal for testing strategies and transitioning from demo to real trading.
- ECN: Designed for experienced traders, offering high execution speed and competitive conditions.
- Prime: The premium account type with the best available trading conditions.
- R StocksTrader: Specifically for trading through the R StocksTrader platform.
| Account Type | Minimum Deposit | Spread (from) | Maximum Leverage |
|---|---|---|---|
| Pro Standard | $10 | 1.3 pips | 1:2000 |
| Pro-Cent | $10 | 1.3 pips | 1:2000 |
| ECN | $500 | 0.0 pips | 1:500 |
| Prime | $5000 | 0.0 pips | 1:100 |
| R StocksTrader | $100 | 0.01 USD | 1:20 (for stocks) |
How do Deposits and Withdrawals Work?
RoboForex offers a variety of payment methods for deposits and withdrawals, including bank transfers, credit/debit cards, and e-wallets. The company prides itself on not charging any commissions for deposits and even covers the fees charged by payment systems.
For withdrawals, RoboForex offers a unique “Free Funds Withdrawal” promotion, allowing clients to withdraw funds without commission twice a month on specific days.
| Payment Method | Currencies | Deposit Fee | Withdrawal Fee | |
|---|---|---|---|---|
| Bank Transfer | USD, EUR | 0% | Varies | 1-5 business days |
| Credit/Debit Cards | USD, EUR | 0% | 0% | Instant (deposit), 1-5 days (withdrawal) |
| Skrill | USD, EUR | 0% | 0% | Instant |
| Neteller | USD, EUR | 0% | 0% | Instant |
What are the Asset Classes Provided by RoboForex?
RoboForex offers a diverse range of assets for trading, catering to various investor preferences and strategies.
- Forex (Currency Pairs):
RoboForex provides access to more than 40 currency pairs, including major pairs like EURUSD, USDJPY, GBPUSD, and EURGBP. The forex market is known for its high liquidity and 24/5 trading availability.
- Stocks:
Investors can trade CFDs on stocks of world-famous companies such as Amazon, Google, and Netflix. RoboForex offers access to stocks from major markets, including the United States, United Kingdom, Germany, and Switzerland.
- Indices:
RoboForex allows trading on various stock market indices, which reflect price fluctuations of a group of stocks, providing a broader view of the stock market.
- Futures:
Traders can access US Futures markets through CFDs, offering advanced trading options without the complexities of traditional futures contracts.
- ETFs (Exchange-Traded Funds):
RoboForex offers more than 1,000 different ETFs for trading. These instruments allow investors to trade a basket of assets as a single stock, helping to diversify portfolios with minimal expenses.
- Commodities:
The broker provides access to various commodity markets:
- Energy: Including natural gas, ethanol, and other energy resources.
- Soft Commodities: Access to more than 100 instruments in this category.
| Asset Class | Number of Instruments | Platforms | Minimum Deposit | Max Leverage |
|---|---|---|---|---|
| Forex | 40+ pairs | MT4/MT5, R StocksTrader | $10 | Up to 1:2000 |
| Stocks | 12,000+ | MT4/MT5, R StocksTrader | $100 | Up to 1:20 |
| Indices | Multiple | MT4/MT5, R StocksTrader | $10 | Varies |
| Futures (CFDs) | Multiple | MT4/MT5, R StocksTrader | $10 | Varies |
| ETFs | 1,000+ | R StocksTrader | $100 | Up to 1:20 |
| Commodities | 100+ | MT4/MT5, R StocksTrader | $10 | Varies |
Common Queries
What is The RoboForex Members Area and what can I do there?
RoboForex Members Area is your investment control center. In your Members Area, you can: Open new real and demo accounts, Configure trading accounts, Change account settings (e.g., leverage), etc.
How can I open a New Trading Account with RoboForex?
To open a new trading account: Go to the “Live Account” page in your Members Area, Choose suitable parameters and the account type, and Follow the instructions provided.
How can I change The Leverage on My Trading Account?
You can change the leverage value on the “Change leverage” page in your Members Area: Select the necessary trading account in the right panel, Choose a new leverage value, and Click “Change leverage”.
Can I change The Base Currency of My Existing Account?
No, you cannot change the base currency of an existing account. However, you can always open a new account with a different base currency.
How is The Margin calculated for Trading Positions?
The margin is calculated using the formula: Margin = Contract size / Leverage.
What are The different types of Pending Orders available?
There are four types of pending orders: Buy Limit, Sell Limit, Buy Stop, and Sell Stop.
How are Swap Rates (rollovers) determined for Overnight Positions?
Swap rates depend on the difference between bank rates of the base currency and secondary currency in a currency pair.
To Conclude
RoboForex stands out as a leading financial brokerage company that offers an extensive range of trading opportunities across various markets, including stocks, ETFs, indices, futures, commodities, and currencies.
With its diverse account types catering to traders of all levels, competitive trading conditions, and user-friendly platforms like R StocksTrader and MetaTrader 4/5, RoboForex provides a comprehensive and accessible trading experience. The company's commitment to zero deposit commissions, withdrawal fee compensations, and the innovative CopyFX system further demonstrates its dedication to client satisfaction.
