While there are 5 main trading accounts on RoboForex (Pro, ProCent, Prime, ECN, and R StockTrader accounts), there are other additional accounts (Pro affiliate, Cent affiliate, ECN affiliate, and demo accounts) that a trader can use on this platform for trading purposes.
RoboForex Account Types Compared
Updated: May 01, 2024
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RoboForex provides excellent trading conditions, quick order execution, and a user-friendly Members Area for handling real and demo accounts. Before you can begin trading with RoboForex, you must register in the Members Area and select the account type that best suits your requirements. The RoboForex account types include ProCent, Pro, ECN, Prime, Pro Affiliate, ECN Affiliate, Cent Affiliate, and Demo accounts. However, it is important that you compare and understand what features are available in each account before you make your choice.
So, in this article, TU experts will present traders with a comprehensive review of the RoboForex account types. You will learn about the minimum deposit, spread, commissions, and other features of each RoboForex account type.
RoboForex ProCent Account
Minimum deposit: $10; €10
Account currency: USD, EUR, GOLD
Tradable instruments: 36 currency pairs, and metals
Trading platforms and terminals: MT4 / MT5; R MobileTrader
Spread: from 1.3 pips
Max Leverage: 1:200
Commission: zero commission for order execution
Minimum order volume (lots): 0.01
Swap-Free accounts: Yes
The ProCent Account gives customers access to several currency pairs, and metals, and is the best option for testing strategies and EAs. With this account, you can also take advantage of a deposit bonus and have a seamless transition from a demo account to real trading.
RoboForex Pro Account
Minimum deposit: $10, €10
Account currency: USD, EUR, GOLD
Tradable instruments: 36 currency pairs, metals, CFDs on Futures, CFDs on US stocks, and CFDs on Indices
Trading platforms and terminals: MT4 / MT5; R MobileTrader
Spread: from 1.3 pips
Max Leverage: 1:2000
Commission: Zero commission
Minimum order volume (lots): 0.01
Swap-Free accounts: Yes
The RoboForex Pro Account is the most well-liked option for novice traders and is appropriate for traders with experience as well. Order execution does not incur a commission fee.
RoboForex ECN Account
Minimum deposit: $10, €10
Account currency: USD, EUR, GOLD
Tradable instruments: 36 currency pairs, CFD on US stocks, Metals, CFD on Indices, CFD on Oil, and CFDs on Futures
Trading platforms and terminals: MT4 / MT5
Spread: from 0 pips
Max Leverage: 1:500
Commission: Zero commission
Minimum order volume (lots): 0.01
Swap-Free accounts: No
The RoboForex ECN Account offers the fastest order execution speed (starting at 0.3 seconds in the Market Execution mode) along with extremely competitive trading conditions; it is best suited for seasoned traders.
RoboForex Prime Account
Minimum deposit: $10, €10
Account currency: USD, EUR, GOLD
Tradable instruments: 28 currency pairs, metals, CFDs on futures, CFDs on US stocks, CFDs on Indices, and CFDs on oil
Trading platforms and terminals: MT4 / MT5, R MobileTrader
Spread: from 0 pips
Max Leverage: 1:300
Commission: From 0.1%
Minimum order volume (lots): 0.01
Swap-Free accounts: No
The RoboForex Prime account is appropriate for both currency and other markets. Among all the account types at RoboForex, this one has the lowest weighted average spread and is best suited for trading with expert advisors, particularly for scalping techniques.
RoboForex R StocksTrader Account
Minimum deposit: $100
Account currency: USD, EUR, GOLD
Tradable instruments: More than 12,000: Indices, Currencies and ETFs; Real stocks, CFDs on stocks, CFDs on Futures, CFDs on Oil, and CFDs on Metals
Trading platforms and terminals: R MobileTrader
Spread: from 0.01 USD
Max Leverage: 1:500
Commission: depends on assets
Minimum order volume (lots): -
Swap-Free accounts: Yes
RoboForex provides an exclusive R-Trader account with exclusive terms for traders who like to use advisors and bots. For deposits exceeding $10,000, this account provides a variety of trading instruments, standard commissions, and spread commissions on US stocks.
RoboForex Pro Affiliate Account
Minimum deposit: $10, €10
Account currency: USD, EUR, GOLD
Tradable instruments: 28 currency pairs, Indices, and Metals
Trading platforms and terminals: MT4, R MobileTrader
Spread: from 2.4 pips
Max Leverage: 1:2000
Affiliate commission rate: 70%
Minimum order volume (lots): 0.01
Swap-Free accounts: Yes
Pro Affiliate accounts are best suited for partners who provide trading signals or expert advisors to their clients because they are intentionally designed with a higher spread or commission. These affiliate accounts assist you in increasing your partner payouts by 2.5 times, and there is no commission for trading volumes up to $1 million. In addition to providing prompt order execution, it offers each order the best possible level of processing.
RoboForex ECN Affiliate Account
Minimum deposit: $10, €10
Account currency: USD, EUR, GOLD
Tradable instruments: 36 currency pairs, Indices, and metals
Trading platforms and terminals: MT4, R MobileTrader
Spread: from 0 pips
Max Leverage: 1:500
Affiliate commission rate: 70%
Minimum order volume (lots): 0.01
Swap-Free accounts: No
The ECN affiliate account offers commission-free market execution and One-Click Trading up to a trading volume of one million USD, or sixty USD. Up to 15% of the company's revenue is paid back in cashback, with a minimum margin requirement of 3.33 units of the base currency.
RoboForex Cent Affiliate Account
Minimum deposit: $10, €10
Account currency: USD, EUR, GOLD
Tradable instruments: 28 currency pairs, Metals
Trading platforms and terminals: MT4, R MobileTrader
Spread: from 2.4 pips
Max Leverage: 1:2000
Affiliate commission rate: 70%
Minimum order volume (lots): 0.01
Swap-Free accounts: Yes
The RoboForex Cent affiliate account enables RoboForex partners to earn more within the Partner program's parameters. Partners who offer additional services to their clients, such as signals or expert advisors, find this kind of account very convenient. For transactions involving units of the base currency, the minimum margin is 0.1. Additionally, there is no commission for trading volumes up to $1 million, and up to 1.5% of the company's revenue can be leveraged.
RoboForex Demo Account
Minimum deposit: Free
Account currency: USD
Tradable instruments: Over 12,000: Stocks, CFDs on Stocks, ETFs, Indices, Forex, Metals, CFDs on Futures, CFD on US stocks, CFD on Indices, and CFDs on Oil
Trading platforms and terminals: MT4 / MT5, R MobileTrader
Spread: from 0 to 1.3 pips
Max Leverage: 1:200 to 1:2000
Commission: -
Minimum order volume (lots): 0.01
Swap-Free accounts: No
RoboForex provides several free demo trading accounts so that novices can practice Forex trading in a risk-free environment. The RoboForex demo accounts have the same features as the primary RoboForex account types (ECN, Prime, and Pro accounts). However, they have a 30-day expiration date. Traders who wish to try out their strategies and abilities in real-time, cost-free markets can do so with great success by using the RoboForex demo.
RoboForex Account Types Comparison
| ProCent | Pro | ECN | Prime | R StocksTrader | Pro Affiliate | ECN Affiliate | Cent Affiliate | Demo | |
|---|---|---|---|---|---|---|---|---|---|
|
Minimum deposit |
$10, €10 |
$10, €10 |
$10, €10 |
$10, €10 |
$100 |
$10, €10 |
$10, €10 |
$10, €10 |
Free |
|
Platforms |
MT4 / MT5, R MobileTrader |
MT4 / MT5, R MobileTrader |
MT4 / MT5 |
MT4 / MT5, R MobileTrader |
MT4 / MT5, R MobileTrader |
MT4 / MT5, R MobileTrader |
MT4 / MT5, R MobileTrader |
MT4 / MT5, R MobileTrader |
MT4 / MT5, R MobileTrader |
|
Markets |
Forex, Metals |
Forex, Metals, Futures, Indices, US stocks |
Forex, Metals, Futures, Indices, US stocks |
Forex, Metals, Futures, Indices, US stocks |
Forex, Metals, Future, ETFs,Indices, stocks |
Forex, Metal, ETFs, Indices |
Forex, Metal, ETFs, Indices |
Forex, Metal, ETFs, Indices |
Forex, Metals, Futures, Indices, US stocks |
|
Trade size |
0.01 |
0.01 |
0.01 |
0.01 |
- |
0.01 |
0.01 |
0.01 |
0.01 |
|
Commissions |
$0 |
$0 |
$0 |
From 0.1% |
varies |
- |
- |
- |
- |
|
Max leverage |
1:200 |
1:200 |
1:500 |
1:300 |
1:500 |
1:2000 |
1:500 |
1:200 |
1:200 |
|
EURUSD average spread |
1.4 |
1.4 |
0.0 |
0.0 |
0.2 |
1.3 |
1.3 |
1.3 |
0.10 |
|
Special features |
Best for testing trading strategies and EAs; deposit bonus |
Best fo all traders; traders can trade CFDs on Us stocks, indexes, oil, etc. |
Best fr seasoned trader; Fastest order execution; |
Best for trading with expert advisors |
Best for traders using advisors and bots |
There is no commission for trading volumes up to $1 millio; |
up to 1.5% of the company's revenue can be leveraged. |
up to 1.5% of the company's revenue can be leveraged. |
Best for testing trading strategies, free trading account |
RoboForex Account Types vs Competitors
| Admiral Markets | Forex.com | RoboForex | |
|---|---|---|---|
|
Islamic (swap free account) |
Yes |
Yes |
Yes |
|
Cent Account |
No |
No |
Yes |
|
Demo |
Yes |
Yes |
Yes |
How to Open RoboForex Account
Below are steps on how to open a RoboForex account.
1
Step1: On the official RoboForex website, just click the green "open trading account" button to begin the registration process.
Image: RoboForex website
2
Step 2: Click the register button under the online form after completing the simple registration form.
Image: RoboForex website
3
Step3: The applicant can now begin trading after making their first deposit.
FAQs
What are the different accounts in RoboForex?
Pro, ProCent, Prime, ECN, R StockTrader account, Pro affiliate, Cent affiliate, ECN affiliate, and demo accounts are the types of trading accounts on RoboForex.
What is a prime account in RoboForex?
The prime trading account type is appropriate for markets involving currencies as well as other kinds of markets. It incorporates the top trading terminals and platforms. Among the trading instruments are metals, 28 currency pairs, CFDs on US equities, CFDs on indices, CFDs on oil, and CFDs on futures.
Which account type is best for Forex?
Even though trade commissions may apply, an Electronic Communication Network (ECN) account is the best option for Forex as it offers direct access to the interbank Forex market.
What is the spread of ECN accounts in RoboForex?
The spread of ECN accounts in RoboForex starts at 0 pips.
Team that worked on the article
Peter Emmanuel Chijioke
Contributor
Peter Emmanuel Chijioke is a professional personal finance, Forex, crypto, blockchain, NFT, and Web3 writer and a contributor to the Traders Union website. As a computer science graduate with a robust background in programming, machine learning, and blockchain technology, he possesses a comprehensive understanding of software, technologies, cryptocurrency, and Forex trading.
Having skills in blockchain technology and over 7 years of experience in crafting technical articles on trading, software, and personal finance, he brings a unique blend of theoretical knowledge and practical expertise to the table. His skill set encompasses a diverse range of personal finance technologies and industries, making him a valuable asset to any team or project focused on innovative solutions, personal finance, and investing technologies.
Dr. BJ Johnson
Developmental English Editor
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.