RoboForex Review 2024
Minimum
deposit:
  • $10

Trading platform:

  • MT4
  • MT5
  • R StocksTrader
  • R MobileTrader
  • R WebTrader
Regulation:
  • FSC
Bonus for deposit:
  • 60%

RoboForex Review 2024

Updated: March 05, 2024
Updated: March 05, 2024
Your capital is at risk.

9.78

/

10

TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum
deposit:
  • $10

Trading platform:

  • MT4
  • MT5
  • R StocksTrader
  • R MobileTrader
  • R WebTrader
Regulation:
  • FSC
Bonus for deposit:
  • 60%

Note!

We’ve identified your country as US US

Traders Union experts have analyzed all companies providing trading services in your country legally and compiled a rating of the best companies that offer the best working conditions, have reliable reputation and the highest number of positive reviews among traders on our website.

We’ve selected the Top 5 Best Brokers in US for you:

Start Trading with eToro
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest.
Editorial Note: While we adhere to strict Editorial Integrity, this post may contain references to products from our partners. Here's an explanation for How We Make Money. We are unable to verify the validity of reviews and publish all reviews, both positive and negative, in accordance with the Users Reviews Policy.

Summary of RoboForex Trading Company

The Best Broker of the Year

RoboForex is one of the top brokers in the financial market with the TU Overall Score of 9.78 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by RoboForex clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews prove that the broker’s clients are fully satisfied with the company. RoboForex ranks 1 among 396 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.

The minimum deposit in RoboForex is $10. Leverage up to 1:2000. Traders choose RoboForex for reliability, favorable trading conditions, minimum spreads, and commission fees. The company is recommended for beginner traders and experienced investors.

RoboForex is a brokerage company that was founded in 2009. RoboForex is a leading software developer in the Forex industry and one of the best Forex brokers based on client reviews.

RoboForex is recognized as a reliable partner by the most respected financial market experts. The company has won numerous prestigious awards. The RoboForex group of companies has an international license to provide services from FSC Belize (license No. 000138/437).

💰 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%

👍 Advantages of trading with RoboForex:

  • Availability of favorable trading conditions and a minimum deposit
  • Unique investment program CopyFx
  • Highest affiliate payments: up to 84% of the fee paid by the referral
  • Market launch - STP and ECN
  • Instant withdrawal of funds
  • Minimum deposit - $10

👎 Disadvantages of RoboForex:

  • A small number of currency pairs - 36, for accounts: Pro, Pro-Cent, ECN, Prime
  • Lack of tools when trading on the R StocksTrader platform

Evaluation of the most influential parameters of RoboForex

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

9.81

/10

Regulation and safety The score for this parameter is based on the licenses a company holds. The higher the level of the license, the higher the score. Obtaining licenses in other jurisdictions also improves a broker’s score. We divide all licenses into three levels:

Level 1 jurisdictions (high level of trust): CFTC – USA, FINMA – Switzerland, FCA — UK, ASIC – Australia, CBI – Ireland, JFSA — Japan, MAS – Singapore, FMA — New Zealand, IIROC – Canada, SFC – Hong Kong.

Level 2 jurisdictions (medium level of trust): CySEC – Cyprus, FSCA – South Africa, CBRC – China, SEBI – India, ISA – Israel, SECT – Thailand, DFSA – United Arab Emirates

Level 3 jurisdictions (low level of trust): FSC – Belize, FSC – British Virgin Islands, FSC – Mauritius, VFSC – Vanuatu, SCB – The Bahamas, BMA – Bermuda, CIMA – Cayman Islands

8.20

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

9.71

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

8.75

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

8.95

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

9.17

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

6.86

/10

Trade with this broker, if:

  • You need a wide choice of assets. The broker’s pool includes 12,000 financial instruments, including currency pairs, CFDs on stocks, such as: Nvidia stock, Apple stock, Google stock, Tesla stock etc. , indices, metals, energies, futures.
  • You are interested in a minimum deposit. To open most accounts with RoboForex, a minimum deposit of $10/€10 is required. The minimum deposit on the R StocksTrader account is $100/€100.
  • You want to trade with a regulated broker that provides the best protection of its clients’ funds. RoboForex is regulated by the FSC (the Belize Financial Services Commission). The company uses segregated accounts, is a member of compensation funds, and provides negative balance protection.

Do not trade with this broker, if:

  • You are looking for a broker regulated in the USA. RoboForex does not provide its services on the U.S. territory.

NOTE!

Do not miss a chance to get additional monthly bonuses and payouts for trading at RoboForex.

Login preview

Enter the referral code when you register on the website or RoboForex app.

bgo

Login preview

*TU may receive partnership reward for registration of the client on the company’s website on a referral link.

Your capital is at risk.

Geographic Distribution of RoboForex Traders

Popularity in

20%
BR
Brazil
18%
VN
Vietnam
15%
CO
Colombia
10%
TH
Thailand
10%
UA
Ukraine
6%
MX
Mexico
5%
AR
Argentina
4%
RU
Russian Federation
4%
KZ
Kazakhstan
4%
BY
Belarus
4%
Others
Others

Video Review of RoboForex i

Expert Opinion

Johnathan Maverick about RoboForex

Financial Markets Expert
111

RoboForex pretty much checks all the boxes for being a good Forex broker. It offers a variety of account types to choose from, the highest leverage available with any Forex broker, excellent trading platforms, and lots of helpful trading tools for investors.

Among the most attractive features of RoboForex are the following:

  • Leverage as high as 2000:1.
  • The ability to trade all the major financial markets (Forex, stocks, commodities and bonds).
  • A wide selection of trading platforms – including CTrader, MetaTrader 4 and 5, and RoboForex’s own proprietary trading platform – the R Stocks Trader platform.

RoboForex also rates well as a trustworthy, reliable broker to use. Just the fact that it’s been in business for nearly 15 years now (founded in 2009) is a plus in itself. Untrustworthy brokers don’t usually last nearly that long before they’re found out and go out of business.

RoboForex provides its clients with a couple of notable extras that aren’t found at every Forex broker. First, it offers a generous “cash back rebates” program. The program cash back rewards are based on a client’s trading volume for the month, and go as high as 15% of the client’s trading fees charged that month. Another nice extra is negative balance protection, which means that an investor can’t lose more money than they have invested in their account. If market action takes a client’s account balance into negative territory, RoboForex simply zeros out the account.

Richard Best about RoboForex

Forex and Crypto Expert
238

Since its founding in 2009, Belize-based RoboForex has worked its way to the top of a highly competitive industry with the tools and resources to cater to the needs of most types of traders. Novice traders can soak up its vast library of content to improve their knowledge and skills, while experienced traders, both retail and pros, benefit from RoboForex's versatile trading platforms with some of the lowest spreads, commissions, and swaps in the industry.

All traders benefit from the broker's offering of more than 12,000 trading instruments across a multitude of asset classes and its negative balance protection feature, which zeros out a client's account when it turns negative. You can't lose money!

Some of the features that make RoboForex stand out include:

  • Its 2000:1 leverage is among the highest in the industry.
  • A solid selection of platforms, including the user-friendly R StocksTrader desktop platform as well as CTrader and MetaTrader 4 and 5 platforms. It also provides a mobile trading app.
  • The capacity to trade all major financial markets, including Forex, CFDs, stocks, bonds and commodities.
  • A CopyFX option for copy trading.
  • Free VPS hosting is available for advanced traders and those using automated trading strategies.
  • Low account minimum.
  • No deposit of inactivity fees.

The one glaring negative for RoboForex is its lack of regulatory oversight. RoboForex operates as a single entity overseen by the FSC of Belize. But, to boost protections, it has issued civil liabilities insurance and participates in the Financial Commission. It has also implemented a comprehensive system of safety measures to safeguard its clients' funds.

RoboForex has a 15-year history of reliability, and it has garnered a solid 4.2 Trustpilot rating.

RoboForex Latest Comments for 2024 i

434 comments
Total score:
8.4 /10
  • Best
  • Last
  • Oldest
Avatar
Avatar
Pro DanielBaig
Location Netherlands
Dignity

minimal spread, fast platform, free VPS

Shortcomings

sometimes the spread can widen

I've been trading with Roboforex for over 2 years now, and I can't say anything bad about the broker. Their trading conditions are better than those of larger companies. The spreads on ECN accounts are minimal; it's a pleasure to scalp on the EUR/USD pair. Yes, during increased volatility, spreads may widen, but I don't trade the news, so it's not essential for me. Also, I take advantage of Roboforex's free VPS for automated trading. I recommend this company

Avatar
Avatar
investorsukses

The analytical section of RoboForex is of very high quality. It provides strategies, market analysis, and advice from experienced professionals. It is clear that they paid much attention to analytical data. I have been working with this company for a long time and am completely satisfied with the services it provides. For experienced traders, this is a completely suitable option! RoboForex has a high quality service, without any problems or delays. Slippages are extremely rare.

Avatar
Avatar
hobacelf

RoboForex is a good broker with the appropriate license. I have been working with it for the second year now and have seen no reason to change it. The conditions offered by RoboForex are optimal and I make profits. The company as a whole is client-oriented. Fees are within reasonable limits, and withdrawals take little time. I recommend RoboForex.

Avatar
Avatar
dhnawarathna
Location PL Bydgoszcz

I've been trading with Roboforex for over 2 years now, and I can't say anything bad about the broker. Their trading conditions are better than those of larger companies. The spreads on ECN accounts are minimal; it's a pleasure to scalp on the EUR/USD pair. Yes, during increased volatility, spreads may widen, but I don't trade the news, so it's not essential for me. Also, I take advantage of Roboforex's free VPS for automated trading. I recommend this company.

Avatar
Avatar
hilmi

At RoboForex, you can withdraw funds without any commission. There are promotions for reduced fees on certain payment systems for withdrawals. This is regarding withdrawals. As for trading, I have been collaborating with RoboForex for over five years. During this time, I experienced deposit losses, especially when I was just starting to trade. However, I have no complaints against the broker. On the contrary, they often resolved certain issues in my favor.

Avatar
Avatar
4rch3n3my

I've been trading with Roboforex for almost six months and there are no problems. The broker is time-tested and has a high rating among traders. The platform is excellent and order execution is fast. I trade according to my strategy using currency pairs. On the Roboforex platform, the conditions are very suitable for my strategy.

Avatar
Avatar
Rabbani

I have been working with RoboForex for almost a year, and all withdrawal requests are approved almost instantly. There is an option to withdraw funds without any commission, which is great. You can trade manually or with the help of robots. There are no delays in quote deliveries, and all trading terminals work very quickly! Collaborating with RoboForex is very beneficial, especially when trading on an account with zero spreads.

Responses to a comment
iriekazhaski to Rabbani

I recommend using the ECN account with RoboForex, especially if the trader is active. The commission on these accounts is lower than with other brokers.

Expert Review of RoboForex

Over the years, this broker has shown itself to be a reliable and trusted partner. RoboForex provides clients with the best conditions: tight spreads from 0 pips, the highest execution speed, and micro-accounts with a lot of 0.01. The positive feedback from real traders about RoboForex, instant withdrawal of funds, and operational support are what impress me about this broker.

The brokerage company offers quality services to both beginners and seasoned traders. Over the years of cooperation with RoboForex, the broker has not received any significant claims against it. Therefore RoboForex is quite popular among Traders Union clients. All financial issues and claims on the broker's work are resolved by the company's representatives as quickly as possible and within minimum time. RoboForex always meets its clients and partners halfway.

Following the mass of positive reviews about the work of roboforex.com, Traders Union recommends this company as a trusted broker with a high trust rating.

Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

Latest RoboForex News

29.09.2023
​Broker RoboForex has informed its clients that trading conditions for some account types will be changed. The changes will be effective on October
17.06.2023
Broker RoboForex has announced that its mobile app, R MobileTrader, has won the title "Best Mobile Trading App" from the international expert community,
14.06.2023
Brokerage RoboForex has launched a promotion for its partners with a prize fund of $1,000,000.The event will run from June 1, 2023, to March 31, 2024, and
07.06.2023
Broker RoboForex has informed its users that it has decided to stop servicing cTrader accounts.This decision was made in accordance with RoboForex's
25.05.2023
The broker RoboForex informs that due to the Memorial Day holiday in the USA and the spring holidays in the UK, the schedule of trading sessions has been
04.05.2023
The RoboForex brokerage company has announced that it has expanded its range of trading products to include CFDs on futures.CFDs on futures trading is

Dynamics of RoboForex’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Investment Programs, Available Markets and Products of the Broker

RoboForex is the ideal broker for those looking to invest their money in the Forex market. This company has everything to earn a stable income — from professional analytics to technical functionality and optimal trading conditions. It is especially worth noting its investment program like RoboForex CopyFx which allows you to receive passive income without doing anything. According to customer reviews, RoboForex is the most popular brokerage company.

RoboForex CopyFx is a service for copying deals

RoboForex CopyFx is a passive investment option that involves connecting an investor's account to a professional trader's account and then copying his transactions. In this case, all trader's transactions are automatically opened on the investor's account. A specific trader's commission is deducted from the investor's profit in case of a successful transaction. The entire service is fully automated which minimizes your work to almost 0%. Learn More about CopyFX From RoboForex

CopyFX at RoboForex - how to choose a trader | Firsthand experience of Oleg Tkachenko

RoboForex tested by Rinat Gismatullin

The minimum deposit is only $100, so everyone can test the waters. Having started working, the investor gets access to professional traders' ratings, which indicates the period of the account's existence, profitability, maximum drawdown level, and other statistics. Also, the investor can contact the trader directly.

An investor can connect to an unlimited number of traders, provided that his deposit can withstand such a load. Such diversification of risks makes it possible to form a full-fledged investment portfolio from traders' transactions.

An investor can disconnect from a trader at any time if he doesn't like something in his trading methods. It is a serious tool for protecting a deposit from RoboForex, which not all brokerage companies provide.

Separately, it should be noted that any person can simultaneously act as both an investor and a trader. All statistics on the effectiveness of copying transactions are displayed in the client's account.

Algorithm of working with the CopyFx copy trading platform:

  • Once you register and pass verification, open a trading account. Investors can open any account, except for accounts with the MT5 and R StocksTrader platforms. Traders planning to provide signals open a separate account by choosing Open FxCopy Trader Account.

  • In the Investment menu, open MT4 Trader Rating. Traders must meet minimum requirements of the broker in order to be included in the rating, such as the number of trades, the number of days the account has been active, and profitability. You will need to contact Customer support to learn about specific requirements.

  • You will see main criteria in the list of traders: maximum drawdown, number of copy traders, profitability, account existence period, etc.

Algorithm of working with the CopyFx copy trading platform
Algorithm of working with the CopyFx copy trading platform
  • Click on the profile of each trader to view trading statistics. You can activate the copy trading option in the profile of the trader you’d like to copy.

Copy trading is available on real accounts, subject to the deposit in the amount higher than the one specified in the trader’s profile. You can disconnect from a trader’s account at any time.

How to start investing in copy trading with RoboForex | Firsthand experience of Oleg Tkachenko

RoboForex tested by Rinat Gismatullin
Important!

If you are a large investor and plan on investments over $ 10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.

RoboForex affiliate program

It is not necessary to be familiar with trading to make money with RoboForex. Attract customers and earn up to 50% of the company's income. It works like this:

  • You register as a partner, after which you receive information materials for posting on your website/blog, forums, or social networks. You also get a referral link.

  • The person follows your referral link and deposits capital in his account.

  • The broker receives the spread and credits a part of his profit to the partner's account in the referral trades.

Also, each partner can participate in the loyalty program with the possibility of receiving up to 20% additional partner remuneration every month.

Depending on the chosen partnership program and account type, the total amount of partner rewards can exceed 50% of the fees paid by the referral. For example, on Affiliate accounts, rewards are up to 70%. Taking into account the general fee of the VIP program with the loyalty reward, the total rewards of a partner could be as high as 84%.

Trading Conditions for RoboForex Users

RoboForex bonus programs are the company's strong points. Every trader gets a $30 Welcome Bonus, if they deposit $10 or more to their account. Additional bonuses include 5%-15% cash back on the fees depending on the trading volume, as well as additional 10% extra funds for more than 1,000 traded.

The minimum deposit on all accounts except R StockTrader is $10. The minimum deposit for trading stocks on the R StocksTrader and copying trades on the CopyFx platform is $100. The spread on Prime and ECN accounts is floating, from 0 pips, on Pro and ProCent accounts – floating from 1.3 pips. You can trade 36 currency pairs, metals and CFDs on this type of account.

For trading, RoboForex has available the following applications: MetaTrader 4, MetaTrader 5, and R StocksTrader, as well as its web terminal, on which you can work on real and demo accounts.

Leverage is up to 1:300-1:500 depending on the account type, as required by the regulatory authorities. The leverage on the cent account is up to 1:2000. On standard accounts, manual increase of leverage to 1:2000 is possible during registration, but this option is subject to certain rules. This parameter is appreciated by experienced traders and amateurs of aggressive trading. With RoboForex, you can earn not only on trading but also on the affiliate program, making a profit from users you have referred to a broker. Multilingual support helps market participants solve their pressing problems 24/7.

Learn More About RoboForex MT4 Platform

$10

Minimum
deposit

1:2000

Leverage

24/7

Support

💻 Trading platform: МТ4, МТ5, R StocksTrader, R MobileTrader, R WebTrader
📊 Accounts: ProCent, Pro, ECN, Prime, Pro Affiliate, ECN Affiliate, Cent Affiliate, Demo
💰 Account currency: USD, EUR, GOLD
💵 Replenishment / Withdrawal: SEPA, Bank transfer, Skrill, Neteller, AdvCash, Perfect Money, Visa/Mastercard, AstraPay, NganLuong Wallet, JCB.
🚀 Minimum deposit: $10
⚖️ Leverage: 1:2000
💼 PAMM-accounts: No
📈️ Min Order: 0.01-100
💱 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%
🏛 Liquidity provider: n/a
📱 Mobile trading: Yes
➕ Affiliate program: Yes
📋 Orders execution: Market execution
⭐ Trading features: Negative Balance Protection; No swaps on Islamic accounts, a pleasant affiliate program: each market participant gets up to 20% loyalty; One Click Trading.
🎁 Contests and bonuses: Welcome Bonus, Profit Share Bonus, Classic Bonus
Your capital is at risk.

Comparison of RoboForex with other Brokers

RoboForex Exness FxPro Eightcap Pocket Option Gerchik&Co
Trading
platform
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MT4, MobileTrading, MT5, cTrader, FxPro Edge MT4, MT5 Pocket Option, MT5, MT4 MetaTrader4, MetaTrader5
Min deposit $10 $10 $100 $100 $5 $100
Leverage From 1:1
to 1:2000
From 1:1
to 1:2000
From 1:1
to 1:500
From 1:30
to 1:500
From 1:1
to 1:1000
From 1:1
to 1:100
Trust management No No No No No Yes
Accrual of % on the balance No No No No No No
Spread From 0 points From 1 point From 0 points From 0 points From 1.2 point From 0 points
Level of margin call
/ stop out
60%  /  40% No  /  60% 25%  /  20% 80%  /  50% 30%  /  50% 100%  /  50%
Execution of orders Market Execution, Instant Execution Market Execution, Instant Execution Market Execution Market Execution Market Execution Market Execution
No deposit bonus No No No No No No
Cent accounts Yes No No No No No

Broker comparison table of trading instruments

RoboForex Exness FxPro Eightcap Pocket Option Gerchik&Co
Forex Yes Yes Yes Yes Yes Yes
Metalls Yes Yes Yes Yes Yes Yes
Crypto No Yes Yes Yes Yes Yes
CFD Yes Yes Yes Yes Yes Yes
Indexes Yes Yes Yes Yes Yes Yes
Stock Yes Yes Yes Yes Yes Yes
ETF Yes No No No No Yes
Options No No No No No No

RoboForex Commissions & Fees

Information
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

We also analyzed the size of trading commissions in RoboForex and compared it with similar indicators of the company's main competitors. Based on the data obtained, the broker's trading fees were established as low, medium, or high compared to other brokers.

Broker Average commission Level
RoboForex $1 Low
IC Markets $1.5 Medium
Pocket Option $8.5 High
Logo RoboForex
$1
$1.5
$8.5

Detailed Review of RoboForex

The company is responsible for fulfilling its tasks by offering its clients: the latest trading products, unique developments in data transmission, and trading functionality.  The company has won numerous prestigious awards. The RoboForex group of companies has an international license to provide services from FSC Belize (license No. 000138/437). 

The FSC Belize is one of the most reputable regulators. Additionally, RoboForex is a member of The Financial Commission with a guaranteed compensation fund of 20,000 euros, which guarantees reliability for a trader.

RoboForex is the best broker for a beginner trader

RoboForex is one of the best brokers for novice traders. Practice shows that newcomers choose this company primarily for its reliability and comfortable trading conditions. The minimum deposit at RoboForex is only $10. It is a small amount, but it is enough to understand the trading specifics and understand how the Forex market generally works.

Orders of RoboForex clients are immediately brought to the international market, working according to the "A-Book" principle, excluding a possible conflict of interest with the broker within the system itself.

RoboForex offers its clients the opportunity to invest in ETFs through its proprietary innovative trading platform - R StocksTrader. In it, you will find a variety of charts and quotes updated online for the following instruments: 12,000 stocks, currency pairs, indices, and ETFs. The minimum deposit to get started with R StocksTrader is $100. Additionally, an accessible constructor is built into the platform, which allows you to create trading robots on your own without programming skills. You can test the created Expert Advisor on a demo account.

ETF trading at RoboForex is available with leverage up to 1:20, depending on the selected account type. The minimum commission is 0.25 USD, and the spread is 0.01 USD. These instruments are traded 24/7, and the Stop Out level is 20%. The maximum number of ETF instruments available for investment through R StocksTrader is over 8400.

Another competitive advantage of the RoboForex broker is its innovative liquidity aggregation technology. It is also worth noting that RoboForex uses direct entry of orders to the market - STP, ECN. Advanced technologies for bringing client transactions to international platforms allowed the company to achieve excellent results in order execution speed (90-100 ms) with an average value of this parameter elsewhere in the market is 500 ms. In general, there are no negative reviews on the processing speed in RoboForex.

Advantages:

1

Narrow spread from 0 pips. The broker has the opportunity to offer such favorable conditions due to direct access to liquidity providers in ECN systems.

2

Instant market execution of orders. Traders’ orders are instantly sent to the Forex Market. There are no delays on the broker's servers or platform.

3

There is no commission for withdrawing money and replenishing the account. There are no restrictions on the number of withdrawals or the frequency of withdrawals. You leave a request, and it will be completed as soon as possible.

4

There are no trading restrictions. There is no limit on the duration of open trades, and the use of hedging and locking is allowed. Also, any number and any type of trading advisors can be used.

5

There is a one-click trading function

6

There is a free constructor of trading advisors that do not require programming knowledge

7

Leverage is one of the highest possible in the industry (up to 1:2000)

8

Negative balance protection is provided (gap protection)

9

Free VPS-сервер subject to the number of transactions equal to at least 3 standard lots per month. In the case of an insufficient trading volume, the monthly fee is $5.

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.

Account Type
Description
Pro
Classic accounts for beginners and professionals are suitable for small volume trading.
Pro-Cent
Cent accounts with spreads from 1.3 pips are ideal for testing strategies and trading advisors. Top up your account with $10 and you can open positions of 1000 base units.
ECN
ECN (electronic communications networks) is a professional trading account with zero spreads and maximum liquidity. This is suitable for trading large amounts of assets.
Prime
This is a new type of account developed by broker specialists for experienced traders. The account combines the best characteristics of ECN accounts, which are: minimum deposit of $10; spreads from 0 pips; and popular trading instruments like 28 currency pairs, metals, CFDs.
R StocksTrader
is an account for trading real stocks on the stock market. The minimum deposit is $100; the number of available assets is more than 12,000. There are specific fees based on the number of shares in a trade.

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

RoboForex tested by Rinat Gismatullin

Useful tools

As useful tools, RoboForex offers the following solutions:

  • R StocksTrader Strategy Builder

This tool allows traders to create automated trading systems in a few clicks, without the knowledge of coding, and uploading additional software. The R StocksTrader Strategy Builder can be used to turn manual trading strategies into Expert Advisors and optimize several strategies.

Useful tools - R StocksTrader Strategy Builder
Useful tools - R StocksTrader Strategy Builder

How the builder works:

1

create your own strategy or use a ready-made template on the R StocksTrader platform;

2

fill out the required fields: technical indicators to be used, rules for opening/closing a position, etc.

3

test the EA in different markets;

4

save the software with the best settings.

The access to the builder is free.

  • Trading calculator

Useful tools - Trading calculator
Useful tools - Trading calculator

A trading calculator is a universal tool that can be used to calculate the following parameters:

1

point value;

2

spread in pips and account currency;

3

swap short/swap long in pips and account currency;

4

fixed fee on ECN accounts.

The values are calculated for three account types:  Prime, Pro, ECN. The required input data includes: asset type (currency pair, metals), lot size, leverage and account currency.

  • Financial charts

The charts provide up-to-date statistical data on main trading instruments.

Useful tools - Financial charts
Useful tools - Financial charts

Bonuses Paid by the Broker

Welcome Bonus up to US$30

Start-up funds for newly verified clients of the broker.

Welcome Bonus on the RoboForex website
Welcome Bonus on the RoboForex website

RoboForex Cashback

As part of this bonus, the company shares its profit with each client - the higher the trading volume, the greater the compensation for the spread. To get a rebate from 5% of the spread, you need to spend at least ten lots per month.

Cashback program on RoboForex website
Cashback program on RoboForex website

Loyalty program

Each trader at RoboForex can receive up to 10% of the total balance of their accounts in the form of charges to an account with the possibility of withdrawal.

Loyalty program on the RoboForex website
Loyalty program on the RoboForex website

Learn More about RoboForex Bonus and Programs

Investment Education Online

Information

A large training section has been created on the RoboForex website. 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.

Information available in the Analysis and Education section
Information not available at the RoboForex website
Free video course on the basics of Forex, technical and fundamental analysis, trading psychology, etc.
Detailed theory on each issue. The broker focuses on practice
How to open a trading account
 
How to begin Forex trading
 
How to trade NASDAQ and NYSE stocks
 

The company's specialists recommend opening a demo (practice) account and educating yourself by obtaining and later applying theoretical knowledge in practice by actually trading on the demo account, thereby combining theory and practice. Thus, you will gain valuable experience and the necessary skills to work on a real account.

Security (Protection for Investors)

Information

RoboForex is regulated by the International Financial Services Commission - FSC Belize (license 000138/437).

FSC Belize is an international financial regulator. The commission sets strict requirements for all its members, and only those companies that meet the regulator's standards and comply with all its requirements are licensed by the organization.

Thus, RoboForex carries out financial activities under its regulations and their requirements, which provide traders with clearly defined rights and obligations and thereby safely secure their monetary assets.

👍 Advantages

  • Clear regulations for trading operations

  • Governs the relationship between a broker and a trader

  • Ability to file claims in the case of a dispute

  • Governs trading NASDAQ and NYSE stocks

👎 Disadvantages

  • A large number of regulatory documents, which must be studied before starting cooperation with RoboForex

Deposit Options and Fees

  • RoboForex makes instant withdrawals without a commission. RoboForex does not impose a commission on its other services.

    Withdrawal of funds to RoboForex without commission
    Withdrawal of funds to RoboForex without commission
  • Eight electronic payment systems are available for withdrawals in RoboForex: AstraPay, NganLuong Wallet, Skrill, Neteller, AdvCash, Perfect Money, as well as VISA/Mastercard and JCB bank cards.

  • All withdrawal requests are processed by the RoboForex back office instantly. The receipt of funds can take from one minute to 1 day when withdrawing to EPS and from 1 to 10 days when withdrawing to bank cards.

  • Withdrawing funds at RoboForex is available in these currencies: depending on the chosen payment method.

  • Withdrawal to RoboForex is available from one cent and to verified clients. Withdrawals are usually carried out on trading days, so you can check the RoboForex schedule.

How to withdraw money from RoboForex | Firsthand experience of Oleg Tkachenko

RoboForex tested by Rinat Gismatullin

Customer Support Service

Information

RoboForex customer support works 24/7, and the company's specialists are ready to answer questions from their clients in 11 languages.

👍 Advantages

  • Multilingual support
  • Available 24/7
  • Online chat
  • Ticket system when using your personal account
  • "Callback" service is available

👎 Disadvantages

  • The speed of responses can be improved

Clients can contact RoboForex specialists in several ways:

  • By phone numbers, as indicated on the website

  • By email — depending on the required department

  • Online chat on the website

  • Through the ticket service in the LC

  • Callback service

  • By filling out a feedback form

Contacts

Foundation date
Registration address 2118 Guava Street, Belama Phase 1, Belize City, Belize
Regulation
Official site
Contacts
Your capital is at risk.

Review of the Personal Cabinet of RoboForex

To facilitate your work with RoboForex and to become comfortable using its terminal, we will give you step-by-step instructions for entering the broker's account and we will give you an online tour of its platform.

1

You can enter your RoboForex personal account from the main page on the broker's website by clicking the "Sign In" button.

Login and registration on the RoboForex website
Login and registration on the RoboForex website
Login and registration on the RoboForex website
2

Authorization on the site must be carried out by entering the registered email address and password and confirming the login.

Authorization on the RoboForex website
Authorization on the RoboForex website

In your RoboForex personal account, you will have access to the main sections allowing you to:

3

1. Open a trading account and fund it:

RoboForex personal account - Account opening
RoboForex personal account - Account opening

2. Download the trading platform:

RoboForex personal account - Trading platform
RoboForex personal account - Trading platform

3. Take advantage of the broker's bonuses:

RoboForex personal account - Bonuses
RoboForex personal account - Bonuses

4. Take part in the broker's investment programs:

RoboForex personal account - Investment programs
RoboForex personal account - Investment programs

5. Make a Deposit.

1. Open a trading account and fund it:

RoboForex personal account - Account opening
RoboForex personal account - Account opening

2. Download the trading platform:

RoboForex personal account - Trading platform
RoboForex personal account - Trading platform

3. Take advantage of the broker's bonuses:

RoboForex personal account - Bonuses
RoboForex personal account - Bonuses

4. Take part in the broker's investment programs:

RoboForex personal account - Investment programs
RoboForex personal account - Investment programs

5. Make a Deposit.

Besides, in your account on the RoboForex website, you will find:

  • fresh analytics;

  • valuable educational information;

  • access to viewing the history of account transactions;

  • up-to-date quotes of trading instruments and a section for account verification;

  • and you can also get professional advice from the RoboForex support service.

Disclaimer:

Your capital is at risk. 79.43% of retail investor accounts lose money when trading CFDs with this provider. RoboForex Ltd and its affiliates do not target EU/EEA/UK clients. It is the user's responsibility to ensure that any use of the website or services adhere to local laws or regulations. Please be aware that you are able to receive investment services at your own exclusive initiative only, ensuring you fully understand all the risks involved.

User Reviews of RoboForex i

Register on the website and sign in to submit a review about your experience of working with a broker. Everyone is welcome to post a review.

Avatar
Avatar
rakibulislam420

I like the lighting-fast verification on the RoboForex website and the quick withdrawal of profits following a welcome bonus. There are no problems with withdrawals, which I completed within 15 minutes. If a trader is competent and intelligent, he understands that it is necessary to verify each person’s identity, so you need to go through the verification process as soon as possible. The verification process is also beneficial for the trader. It is a mandatory requirement for normal trading and for access to all functions for all trusted companies. I completed my verification within a few hours. In general, I am very satisfied with this broker.

Avatar
Avatar
joshuahw69

Less than six months ago I started trading with RoboForex. This broker is very famous. There is even regulation, although I could be wrong. But during the time of cooperation, I had no reason to make claims to the RoboForex broker. Everything here is fair and transparent. What about trading, what about withdrawing money.

Avatar
Avatar
liliagx69

I am very pleased with the work of RoboForex. Their educational materials are very helpful and I learned a lot about Forex trading thanks to them. Moreover, they have a variety of tools and indicators that help me make the right trading decisions. I also appreciate the fast and professional client support, who is always ready to help me with any questions.

Avatar
Avatar
DonaldRaf

RoboForex is great for beginner traders. The broker offers both demo accounts and micro accounts. Personally, I really liked this because after practicing on a demo account, I had the opportunity to hone my skills on a micro account, where real trading was already taking place, but with minimal risk. A micro account doesn't require a large initial deposit, but you certainly shouldn't expect to make much money with $10. However, by investing a little more, for example 60-70 dollars, you can start training, gain experience and develop the right strategy. Overall, this is a great opportunity. If you have any questions, support is always ready to help. They treat customers in a friendly and patient manner, providing a high level of service. I recommend RoboForex for trading.

Avatar
Avatar
Ogovorviage

At RoboForex, registration is fast, payment requests for both deposits and withdrawals are executed quickly and on time, trading takes place under normal conditions with good technical support. All this about the RoboForex broker. There are not many companies that have been on the brokerage services market for a long time and that everyone knows about, even those who do not trade there. I recommend RoboForex.

Avatar
Avatar
herdian

I have been successfully trading with RoboForex for the last two years. Before that, I worked on another platform and lost everything. I can't say that I didn't make mistakes in trading, but my previous broker manipulated quotes. With RoboForex, everything is fine. All quotes correspond to the market. Trades open quickly, and slippage is very rare.

Avatar
Avatar
prajapati

The RoboForex broker will be a good option for collaboration, both for novice and experienced traders. The pros include fast and user-friendly platforms, a wide range of trading assets, numerous payment systems for financial transactions, and swift processing of withdrawal requests. The cons involve the possibility of slippage and spread widening on certain account types during significant news releases. RoboForex is a reputable broker that does not engage in manipulative practices.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
RoboForex Review RoboForex Review

Articles that may help you

RoboForex Fees Review
For Beginners
RoboForex Fees Review
Grant Adlington - January 2023
Is RoboForex Legit? Is it Safe or Scam?
For Beginners
Is RoboForex Legit? Is it Safe or Scam?
Jack Moore - January 2023
RoboForex Reviews From Clients In Kenya
For Beginners
RoboForex Reviews From Clients In Kenya
Peter Emmanuel Chijioke - December 2023
RoboForex Bonus - How to Get Forex Bonus for Free
For Beginners
RoboForex Bonus - How to Get Forex Bonus for Free
Grant Adlington - January 2023
RoboForex MT4 Review - How to Download and Set Up MetaTrader 4
For Beginners
RoboForex MT4 Review - How to Download and Set Up MetaTrader 4
Grant Adlington - January 2023
Roboforex Reviews From Clients In India
For Beginners
Roboforex Reviews From Clients In India
Peter Emmanuel Chijioke - November 2023
RoboForex Minimum Deposit And Payment Methods
For Beginners
RoboForex Minimum Deposit And Payment Methods
Grant Adlington - January 2023
What Is The Best Forex Trading Robot? Free Download
For Beginners
What Is The Best Forex Trading Robot? Free Download
Vuk Martin - January 2024
Best RoboForex Strategies For Beginners
For Beginners
Best RoboForex Strategies For Beginners
Peter Emmanuel Chijioke - November 2023
Best social trading platforms for copy trading in 2024
For Beginners
Best social trading platforms for copy trading in 2024
Andrey Mastykin - January 2023
Best Free Expert Advisor for MT4 - Best Forex EA for 2024
For Beginners
Best Free Expert Advisor for MT4 - Best Forex EA for 2024
Andrey Mastykin - January 2023
RoboForex Account Types - Which Is Better For Me?
For Beginners
RoboForex Account Types - Which Is Better For Me?
Peter Emmanuel Chijioke - November 2023
How To Withdraw Funds From RoboForex
For Beginners
How To Withdraw Funds From RoboForex
Alamin Morshed - September 2023
Which Countries Accept RoboForex?
For Beginners
Which Countries Accept RoboForex?
Peter Emmanuel Chijioke - November 2023
How To Verify RoboForex Account: Comprehensive Guide
For Beginners
How To Verify RoboForex Account: Comprehensive Guide
Peter Emmanuel Chijioke - November 2023
How To Make Money On RoboForex
For Beginners
How To Make Money On RoboForex
Peter Emmanuel Chijioke - December 2023
RoboForex Mobile App
For Beginners
RoboForex Mobile App
Peter Emmanuel Chijioke - November 2023
Does RoboForex Offer Stock Trading?
For Beginners
Does RoboForex Offer Stock Trading?
Peter Emmanuel Chijioke - November 2023
RoboForex Trading Hours (Market Open And Close)
For Beginners
RoboForex Trading Hours (Market Open And Close)
Peter Emmanuel Chijioke - November 2023
RoboForex Customer Support: Contacts And Detailed Information
For Beginners
RoboForex Customer Support: Contacts And Detailed Information
Peter Emmanuel Chijioke - November 2023
Roboforex Reviews From Clients In Nigeria
For Beginners
Roboforex Reviews From Clients In Nigeria
Peter Emmanuel Chijioke - November 2023
Roboforex Reviews From Clients In The UK
For Beginners
Roboforex Reviews From Clients In The UK
Peter Emmanuel Chijioke - November 2023
RoboForex Reviews From Clients In Germany
For Beginners
RoboForex Reviews From Clients In Germany
Peter Emmanuel Chijioke - December 2023
How To Buy/Sell On RoboForex
For Beginners
How To Buy/Sell On RoboForex
Peter Emmanuel Chijioke - December 2023
RoboForex Reviews From Clients In Singapore
For Beginners
RoboForex Reviews From Clients In Singapore
Peter Emmanuel Chijioke - December 2023
Roboforex Reviews From Clients In South Africa
For Beginners
Roboforex Reviews From Clients In South Africa
Peter Emmanuel Chijioke - December 2023

FAQs

Do reviews by traders influence the RoboForex rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about RoboForex you need to go to the broker's profile.

How to leave a review about RoboForex on the Traders Union website?

To leave a review about RoboForex, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about RoboForex on a non-Traders Union client?

Anyone can leave feedback about RoboForex on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

Traders Union Recommends: Choose the Best!

Logo IG Markets
Logo eToro
Open an account
Your capital is at risk. 
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest.
Logo OANDA
Open an account
Your capital is at risk.