How to Open RoboForex Account - TU Expert review
When choosing a broker to trade financial markets, it is important to consider how difficult it is to open an account. RoboForex is quite popular and many novice traders consider this brokerage company. Therefore, it is important to find out how difficult it is to open an account with this broker and know in advance what kind of information you will need to provide. Traders Union experts prepared a guide on How to Open RoboForex Account. The article explains what a trader needs to open an account and what information the broker requests traders to provide.
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.
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 Copy Trading service, 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 partners earn from: spreads on closed positions: up to 85%, equal to $10 partner payout per lot on instruments such as EURUSD and XAUUSD; swaps on open positions: 30% of the swap value—a unique feature rarely offered in partner programs, enabling earnings from clients who maintain longer-term trades. 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 Pros and Cons
👍 RoboForex Pros:
•Availability of favorable trading conditions and a minimum deposit
•Unique Copy Trading service
•Highest affiliate payments: up to 84% of the fee paid by the referral
•"Withdrawal without Commission" program
•Market launch - STP and ECN
•Instant withdrawal of funds
•Minimum deposit - $10
👎 RoboForex Cons:
•A small number of currency pairs - 40, for accounts: Pro, Pro-Cent, ECN
Things to know about registering an account with a broker?
Only users who registered with a broker can trade financial markets. A trading account determines conditions (brokers may offer several account types), serves as a wallet and stores trader’s settings. It is impossible to work in financial markets without a personal account.
Brokers have different registration procedures. Some companies ask only for general information, while others request more detailed personal information that involves filling out several forms.
Basic information requested by all brokers includes the following:
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First name and last name;
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Date of birth;
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Email;
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Password (can be sent to your email);
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Place of residence (country, city, address).
Brokers also may request additional information, such as marital status, sources of income, etc.
Is verification mandatory?
It is important that you carefully fill out all the forms and provide truthful information, because you will need to pass verification next. ID verification is an important requirement of brokers registered in reliable jurisdictions. The companies that are licensed in the U.S., the EU, Australia, etc., operate in compliance with AML/KYC.
Therefore, they require traders to provide the following:
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Proof of Identity. It could be a national ID or a foreign passport. Some brokers also accept a driver’s ID;
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Proof of Address. It could be utility bills, bank statements, etc.
If a trader plans to work with a reliable and trustworthy broker, he will need to pass verification. As a rule, it takes 24-48 hours.
How to Open RoboForex Account and Review of the User Account
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.
You can enter your RoboForex personal account from the main page on the broker's website by clicking the "Sign In" button.
Authorization on the site must be carried out by entering the registered email address and password and confirming the login.
In your RoboForex personal account, you will have access to the main sections allowing you to:
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open a trading account and fund it;
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download the trading platform;
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take advantage of the broker's bonuses;
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take part in the broker's investment programs, make a Deposit.
Besides, in your account on the RoboForex website, you will find:
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fresh analytics;
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valuable educational information;
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access to viewing the history of account transactions;
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up-to-date quotes of trading instruments and a section for account verification;
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and you can also get professional advice from the RoboForex support service.
Brokers similar to RoboForex
In order to choose the right broker, it is necessary to compare its conditions with those offered by other brokers and review the rules of different companies for opening an account. Traders Union experts prepared a comparison of trading conditions of companies and features of their trading accounts.
Comparison of RoboForex with other Brokers
| RoboForex | IUX | XM | Pepperstone | Vantage Markets | LBX | |
|---|---|---|---|---|---|---|
|
Trading platform |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
MetaTrader5, IUX Trade App, IUX WebTerminal |
MT4, MT5, Mobile Trading, XM App |
MT4, Mobile Trading, WebTrader, cTrader, MT5, TradingView |
MT4, MT5, TradingView, ProTrader, Vantage App |
MT4, MT5 |
|
Min deposit |
$10 |
$10 |
$5 |
$1 |
$50 |
$20 |
|
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
|
Trust management |
No |
No |
No |
No |
No |
No |
|
Accrual of % on the balance |
10.00%% |
No |
No |
No |
No |
No |
|
Spread |
From 0 points |
From 0 points |
From 0.8 points |
From 0 points |
From 0 points |
From 0 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 |
|
No deposit bonus |
No |
No |
$30 |
No |
No |
No |
|
Cent accounts |
Yes |
No |
No |
No |
No |
No |
An international Forex and CFD broker licensed by IFSC (Belize) and offering negative balance protection. Provides access to more than 40 currency pairs and 12,000 instruments, including stocks, indices, commodities, and ETFs. Supports trading through MetaTrader 4, MetaTrader 5, R StocksTrader, and mobile apps. Features include algorithmic trading, Copy Trading service, trading robots, and VPS. Cent accounts start from a $10 deposit. Leverage is up to 1:2000. A demo account is provided.
A global Forex broker regulated by CySEC and other financial authorities. Provides access to more than 1,000 instruments, including currency pairs, stocks, commodities, indices, and cryptocurrencies. Trades are executed on MetaTrader 4 and 5 platforms with fast execution speeds, tight spreads, leverage up to 1:1000, and negative balance protection. The broker also offers copy trading, educational webinars, Trading Central tools, an economic calendar, and a demo account.
A broker licensed by ASIC, FCA, CySEC, and BaFin, offering access to 1,200+ instruments including Forex, indices, commodities, metals, stocks, ETFs, and cryptocurrencies. Trading is available through MetaTrader 4, MetaTrader 5, cTrader, TradingView, and a proprietary platform. Features include algorithmic trading, copy trading, VPS hosting, a demo account, educational webinars, and analytics. The minimum deposit starts from $1. Negative balance protection and 24/7 support are included.
A regulated broker licensed by ASIC, FCA, and FSCA, offering more than 50 currency pairs and over 1,000 CFDs. Trading is available through MT4, MT5, ProTrader, TradingView, and a mobile app. ECN and STP models are supported, along with account variety, negative balance protection, VPS, copy trading, an educational “Academy,” swap-free accounts, and multilingual 24/7 support.
Conclusion
Opening a trading account is something every trader goes through. This is why it is important to know how it works and what kind of information needs to be provided. In this article, traders were given an opportunity to learn about conditions and rules for opening a trading account with RoboForex, and also compare broker’s conditions with competitors. This information is important to have when you are choosing a company to trade financial markets with.
FAQs
How do I verify my account?
A trader uploads images, scanned copies or screenshots of his documents. As a rule, brokers accept .jpg or .pdf formats.
What methods of account security do brokers employ?
All brokers protect accounts with a password. Some companies also use two-factor authentication.
Do you choose a trading account when you register?
Choosing the type of a trading account and trading account settings usually happen during registration, although not always.
Can I trade with a broker or on an exchange without an account?
No. You need to have a trading account to trade, make deposits, withdraw funds, etc.
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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.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
