RoboForex Fees and Minimum Deposit - TU Expert review
While reliability is paramount, fees and minimum deposits are crucial factors when choosing a broker. Lower fees with diverse options make a broker more attractive for trading. The minimum deposit is another important factor for new traders who may not have a substantial amount to invest immediately.
Traders Union analyzed RoboForex fees, minimum deposit requirements, and commission structure to assess their suitability for beginner traders.
Short introduction of RoboForex
RoboForex is a well-established brokerage company offering a broad spectrum of trading opportunities for active traders and investors alike. With an impressive selection of over 12,000 financial instruments - including currency pairs, CFDs on stocks, indices, metals, energies, and futures - RoboForex provides a versatile trading environment.
The broker boasts competitive trading conditions: tight spreads starting from 0 pips, high leverage up to 1:2000, and fast execution speeds. The broker also offers the CopyFx investment program, which allows traders to copy the strategies of successful investors and earn passive income. Additional perks include instant fund withdrawals and some of the industry’s highest affiliate payments (up to 84%).
RoboForex prioritizes reliability and client satisfaction, establishing itself as a trusted partner for traders worldwide.
| 💰 Account currency: | USD, EUR, GOLD |
| 🚀 Minimum deposit: | $10 |
| ⚖️ Leverage: | 1:2000 |
| 💱 Spread: | Floating from 0 pips |
| 🔧 Instruments: | Forex (currency pairs), ETFs, index CFDs, oil CFDs, CFD on European and U.S. stocks, real securities |
| 💹 Margin Call / Stop Out: | 40% / 10% - 60% / 40% |
RoboForex Commissions and Fees
Our experts have checked this company for trading and non-trading commissions. In the trading commission category, the broker's spread was considered, and as a non-trading commission, it charges an additional fee for withdrawing funds.
| Account type | Spread (minimum value) | Withdrawal commission |
| Pro | $13 | No |
| Pro-Cent | $13 | No |
| ECN | $3 | No |
| Prime | $1 | No |
A broker is an intermediary between a trader and an exchange. Therefore, brokers charge fees for their services. The fees may have different structure.
There are the following fees in the Forex market:
-
Spread – the difference between the buy and the sell price of an asset.
-
Commission per lot.
-
Commission per trade.
Broker fees may differ depending on the trading account type. For example, on some accounts spread is used as a trading fee, and on others – commission per lot.
RoboForex Minimum deposit
How to Start Making Profits — Guide for Traders
RoboForex offers several types of accounts to choose from. Standard options are EUR, USD, and you can also choose a non-standard option, like gold. Working with a deposit replenished with the gold instrument, a trader earns not only from trading but also from changes in gold quotes, a protective asset.
To start working with RoboForex, you need to open an account.
The broker also offers Islamic accounts, where the standard swap fee is replaced with a fixed fee without the link to bank interest rates.
For trading in RoboForex, both classic MT4 and MT5 platforms and a web browser, and mobile versions, including C Trader and R StocksTrader, are provided.
For a more comfortable start, the broker offers several bonus programs at once. Although the bonuses accrued to the deposit cannot be withdrawn, they can be used in trading. And the money already earned on bonuses can be withdrawn without any problems.
RoboForex - How to open a trading account? | Firsthand experience of Alex Smith by Traders Union
Brokers similar to RoboForex
When analyzing RoboForex, it is important to compare it with other similar companies. Before you choose a broker, it is important to compare its trading conditions with competitors. Traders Union analysts have prepared a comparison of the minimum deposit and other trading conditions of RoboForex and other brokers.
Comparison of RoboForex with other Brokers
| RoboForex | Pocket Option | Exness | Eightcap | FBS | Libertex | |
|---|---|---|---|---|---|---|
|
Trading platform |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
Pocket Option, MT5, MT4 |
Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 |
MT4, MT5 |
MT4, Mobile Trading |
Libertex, MT5, MT4 |
|
Min deposit |
$10 |
$5 |
$10 |
$100 |
$1 |
$100 |
|
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:30 |
From 1:1 |
From 1:1 |
|
Trust management |
No |
No |
No |
No |
No |
No |
|
Accrual of % on the balance |
No |
No |
No |
No |
No |
No |
|
Spread |
From 0 points |
From 1.2 point |
From 1 point |
From 0 points |
From 0.2 points |
From 0.1 points |
|
Level of margin call / stop out |
No |
No |
No |
No |
No |
No |
|
Execution of orders |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution |
Market Execution, Instant Execution |
|
No deposit bonus |
No |
No |
No |
No |
$5 |
No |
|
Cent accounts |
Yes |
No |
No |
No |
Yes |
No |
| RoboForex | Pocket Option | Exness | Eightcap | FBS | Libertex | |
|---|---|---|---|---|---|---|
|
Forex |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Metalls |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Crypto |
No |
Yes |
Yes |
Yes |
No |
Yes |
|
CFD |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Indexes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Stock |
Yes |
Yes |
Yes |
Yes |
No |
Yes |
|
ETF |
Yes |
No |
No |
No |
No |
Yes |
|
Options |
No |
No |
No |
No |
No |
Yes |
Could I recommend RoboForex to a beginner trader?
Analysis of the RoboForex trading conditions has shown that it is beneficial to work with the broker. The level of fees is low. Also, the company offers a low minimum deposit, which makes RoboForex a good choice for beginners. The company offers good trading conditions even compared to competitors.
FAQs
What deposit amount should a beginner start with?
Some brokers offer a minimum deposit of $1. However, it is recommended to deposit at least $300-500 to the account to be able to trade fully.
Can you cover the fees with bonuses?
Yes, it is possible. Some brokers offer a welcome or deposit bonus that can be used to cover the fees.
If the fees are low, how does a broker make money?
As a rule, brokers with low fees earn on the fees thanks to high trading volume and also non-trading fees.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.