RoboForex Review 2021

RoboForex Review  Overview: 

RoboForex Review Company was founded in 2009. They are providing Forex trading services for more than a decade with great reputations, this broker is recognized by the most respected experts of financial markets and claiming to serve more than 800,000 clients from 169 countries. RoboForex Limited is an organization of RoboMarkets Group. Roboforex is regulated by IFSC, Belize, also a member of The Financial Commission. They are offering more than 12000 trading instruments with 40+ currency pairs including Forex, stock, indices, soft commodities, energies, metals, and cryptocurrencies these 8 classes. As base currency. Roboforex is best known for its wide range of trading platforms, copy trading services, and its own free VPS service (minimum deposit $300). They have already won 25awards, including “Most Trusted Broker 2020” by International Business Magazine.

RoboForex Homepage

  12,000+ Trading instruments with more than 40 currency pairs

  Regulated by IFSC Belize, and member of The Financial Commission.

  High leverage 1:2000

  International proposal performed via Offshore entity

Fees and Commissions

RoboForex has a hybrid business model, they act like a market maker for all cent accounts, the small trade sizes straight-through processing (STP) model. where it directly benefits from traders’ losses. And for all other accounts it uses the ECN business model, where they act as a bridge to the liquidity provider. They receive a commission from the liquidity provider plus a portion of the spread. Overnight cost, so do swap rates, and corporate actions are also passed onto traders’ accounts. RoboForex offers a total of six different types of accounts, depending on the account type fees and commissions are different, for some account only spreads are deducted and no commission fee charges ever. Although they charge a little higher spreads than other popular forex brokers, they do not charge any fees for deposits, withdrawals, and inactive accounts, so you can call it a somewhat affordable broker.

RoboForex Review:Tradable Instruments

RoboForex offers over 12,000 Stocks, Indices, FX, ETFs, Cryptocurrencies, Soft Commodities, Energies, and Metals. Because of a wide range of trading instruments, traders have the opportunity to diversify their portfolios. MT4/MT5 platforms have only 50 of the most common stock CFDs available, and traders can have access to all the stock through the R trader platform.

RoboForex trading assets

Forex

With Roboforex broker you can take advantage of super high leverage, as high as 1:2000. (remember trading with high leverage increase trading risk, profit/loss) and some account types spread start from 0 pips, plus 1 Android 40+ currency pairs. These include majors currency pairs as well as minors and exotics.

Stocks

Roboforex can give you access to more than 12000 instruments to trade, with leverage up to 1:20. you can start trading stocks R trader with just a minimum of $100 deposit.

Indices trading

Trading Indices offers tight spreads and a commission of 4 USD for the trading volume of 1 million USD. You can trade a minimum 0.01 lot size, and each trade execution time 10th of a second only.

ETFs & Soft Commodities

Traders have the opportunity to trade more than  1,000 different ETFs using the R Trader platform. the Minimum deposit only 100 USD and the maximum leverage is 1:20. More than 100 ETFs on soft commodity markets including cocoa, coffee, corn, wheat, sugar, soybean, and fruit.

Energies

For day traders Energies could be a good option, you can start trading Energies with only $10 and RoboForex support up to 1:100 leverage while trading Energies. You can invest in ETFs and CFDs on energy commodities, such as heating oil, oil, natural gas, and ethanol.

Metals Trading

You can also trade one of the more than 20 ETFs on Gold (XAU/USD), Silver (XAG/USD), and ETFs on gold, palladium, platinum, and silver. also, enjoy spreads from 0 pip and fast order execution from just 0.1 seconds, leverage support as high as 1:1000, and a minimum deposit of only $10.

Cryptocurrencies

RoboForex supports 26 cryptocurrencies with major pairs such as Bitcoin, Etherium, Light Coin, EOS, and much more. In the case of cryptocurrency trades, they offer a maximum of 1:50 leverage. Customers can access cryptocurrency trading using any platform (MT4, MT5, R Trader).

Remember, trading cryptocurrency involves higher risk compare to Forex because cryptocurrency does not have any central authority to control its price. Therefore cryptocurrency price fluctuates easily, and the Market Cap is very small compared to Forex, so the crypto market can be easily manipulated.

Social Trading

CopyFX (Social Trading)

RoboForex is known for its amazing copy trading functionality, CopyFX lets you copy individual trades, while RAMM lets you copy trading strategies. You can also take advantage of social trading via trading signals and expert advisors across all platforms. Newbies can easily copy successful traders’ transactions in the CopyFX platform. User can copy any experts trades for a certain percentage of profit-sharing, Traders have to share only dividends with the experts. if there is a loss then nothing has to be shared. However, the user has full control of the account and the user can copy the expert’s trades as long as he wants, or stop coping anytime he wants.

Account Openings

Creating a trading account with a broker is a very simple process and almost all the broker’s account opening is the same. The user just has to fill a quick online form, and all the client’s information are manually checked and granted access from the back-office. To verify the account, a copy of an ID and a proof of residency document is required.

Deposits & Withdraws Methods

RoboForex supports almost all popular payment gateways Bank payments, Electronic payments, Bank cards, Chinese Union pay, cash, and vouchers also supported. They don’t charge deposit fees and, they provide cost-free withdrawal twice a month. However, some payment methods may charge a small fee for withdrawal, but most systems are completely free. Although there are the minimum and maximum limits for their deposits, we think that there will be no problem for beginners and advanced traders as the amount of the limit is sufficient. Withdrawals are completed instantly for electronic wallets, but bank transfers can take a maximum of 5 business days.

Account Types

Our review team happy to share that RoboForex offers 5 different account types, Different account types offer different combinations of access to instruments, trading conditions, and commissions. So, you should have no problem finding one that suits you, whether you are a beginner or an experienced trader.

Islamic Accounts

RoboForex does offer Swap-Free accounts, but with a condition. Instead of the swap, the owners of Swap-Free accounts are charged a fixed commission, which depends only on the type of currency pair and number of open lots, but not on the issuing banks’ interest rates. This account type was created especially for the clients of Muslim belief, who are not allowed to trade with swaps because of Sharia laws. To create a swap-free account you have to get in touch with customer support and ask for a swap-free option. Swap-Free service is only available for cent and standard MetaTrader4-based accounts, as well as for Pro-Affiliate accounts.

When you change your account type to Swap-Free, all other trading conditions remain intact, and the overnight commission depends only on the instrument and the volume of open positions.

Demo Accounts

Demo account plays an interesting role while testing your trading strategies and become familiar with the platforms. RoboForex broker offers 5 different types of demo account same as live accounts. Demo accounts give you access to the same assets that you will find on the real accounts.

Research & Education

RoboForex broker offers a range of research tools for traders, such as trading calculators, an economic calendar, news, analysis, and more.

Customer Support

Their customer service is highly responsive, instantly replies, and provides customer service seven days a week and 24 hours a day whereas other major forex brokers offer customer service 5 days a week 24 hours a day. Live chat, email, phone, also they have a call back service to contact customer service. Robo Forex offers customer service in a total of 11 languages.

Conclusion

Our expert team used the broker before reviewing it, after our extensive RoboForex review, we can confidently recommend this broker, the broker is reputable and a strong choice for many traders. RoboForex offers a wide range of Forex, CFDs, commodities, etc. RoboForex providing its service for more than a decade has created a safe environment for traders. Traders can feel safe while trading with RoboForex as long as it regulated by IFSC, Belize. and also a member of The Financial Commission. So, if anything goes wrong traders have a chance to compensate the funds from The Financial Commission.

RoboForex information

• Year Founded: 2009
• Company Trading Names: RoboForex Ltd
• Licenses: IFSC Belize
• Headquarters Address: 2118 Guava Street, Belama Phase 1, Belize City, Belize
• Phone Number: +65 3158 8389
• Facebook: https://www.facebook.com/RoboForexCom
• Twitter: https://twitter.com/roboforex_com