Reviews About Roboforex From Clients In Hungary
Hungary, a landlocked country in central Europe, is among the countries where Forex and stock trading are popular among residents who prefer investing with online brokerages. RoboForex is among the reputable brokers traders in Hungary can trust, as evidenced by reviews of RoboForex by previous traders in this jurisdiction. In this article, you learn about RoboForex reviews and what makes RoboForex a top offshore broker for traders in Hungary.
-
What country is RoboForex from?
The small Central American nation of Belize City is home to RoboForex Ltd., which was founded in 2009. 2118 Guava Street, Belama Phase 1, Belize City, Belize, is the address of the company's headquarters.
-
Is RoboForex a true ECN broker?
RoboForex qualifies as a "true" ECN broker since it offers ECN (Electronic Communication Network) trading accounts. RoboForex offers ECN accounts without a minimum deposit requirement but charges a $20 commission for every $1 million traded. Spreads start at 0.0 pips, and ECN accounts only support 36 currency pairs. As a true ECN broker, RoboForex provides transparency in pricing, order execution, and market depth with access to real-time market data.
-
Is RoboForex a trusted broker?
Yes. RoboForex is a reliable broker. RoboForex is authorized and registered with the FSC in Belize City. The company's registered address is 2118 Guava Street, Belama Phase 1, Belize City, Belize, and its business address is 9724 Ramiro Duran Street, Belize City.
-
What is the RoboForex bonus?
RoboForex gives traders a variety of bonuses, but these may not be available in Hungary because of EU regulations on bonus offers. However, traders are likely to get the welcome bonus granted to new traders. Contact customer care to verify if you can get the RoboForex $30 welcome bonus in Hungary.
Roboforex reviews from traders in Hungary
-
Comment
Today,April 11, 2024, I made a deposit using a new payment method to fund my RoboForex trading account. I always received the deposited amount real-time in my previous service provider and was expecting the same this time. That did not happen unfortunately. I waited for five hours before finally contacting the RoboForex customer service just in case it was just a minor glitch in the system. The platform has a number of customer service channels to choose from like Whatsapp, Telegram, Messenger, etc which is convenient. I contacted them through Facebook Messenger at 2 pm local time (+8 GMT) and got a response right after I sent my concern. Website says customer service is 24/7. Was asked to provide my trading account number and made it clear that some transactions can take up to five business days to reflect, depending on the service provider. But somehow the funds made it into my account within the day after the interaction. Happy about their prompt response on this one.
-
Comment
I signed up with RoboForex two weeks ago and the process went smoothly overall. Only one thing to remember: they have a specific requirement on the password format which took a bit of my time. I use the same password on all my trading accounts which RoboForex kept rejecting, so had to come up with a new one which for me is a source of slight inconvenience for my future transactions. After submitting the documents confirming my identification and home address, they sent me an email informing that my MT4 Pro account has been successfully opened. It’s fast. There are four different account types to choose from: Demo, Real, CopyFX Trader, and Partner which appeals to different types of traders and I selected a demo since I am a beginner. From my understanding you can open multiple accounts at once and there can be different types, depending on preference. The demo account has a $10,000 balance and a 1:1000 leverage and I just started playing around. Wish they will be more flexible with th
-
Comment
RoboForex is a beginner-friendly platform. I was able to set up an account by following the instructions I saw in the blogs section. After setting up a demo account, I opened the web trader version of the trading platform, and the educational guides on how to trade I found on this trading platform have helped me in my trading journey. The educational resource explained the importance of studying the price movement of the asset you choose and how to select the order volume, of which 1.0 is the recommended value. Beginner traders can consider the educational resource available on the RoboForex platform as there are provisions for those looking to learn how to trade using major trading pairs like GBP/USD, EUR/USD, USD/JPY, USD/CHF, AUD/USD, USD/CAD, etc.
-
Comment
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
-
Comment
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.
Is RoboForex regulated in Hungary? Is it safe?
RoboForex is a safe and reliable broker regulated by the FSC in Belize (license No. 000138/437; reg. number 000001272; registered address: 2118 Guava Street, Belama Phase 1, Belize City, Belize.). This broker is not regulated in Hungary, but that does not pose a problem, as traders can legally trade Forex and stocks online using this trading platform.
RoboForex provides traders in this jurisdiction with high-quality services by adhering to the financial standards set forth by the FSC to provide investment services. As a reliable broker, RoboForex follows the EU reading standards set by ESMA. It has a cap of 2,500,000 EUR for an established civil liability insurance program that offers industry-leading protection against mistakes, fraud, omissions, carelessness, and other risks that could cause clients to suffer financial losses.
RoboForex belongs to the Financial Commission's Compensation Fund as a category "A" member. As a result, if traders violate Financial Commission rulings, they offer compensation of up to €20,000 per case. This broker stores all user funds in a segregated account to guarantee the security of the user's investments. RoboForex ensures maximum security by allowing two-factor authentication and mobile number verification. Therefore, customers can protect their Members Area by using a two-step authentication feature, even if their email address is compromised. To ensure their clients are not victims of potential losses resulting from market fluctuations, brokers offer protection against negative balances.
In a nutshell, RoboForex maintains a stringent code of reliability and integrity, significantly reducing the likelihood of fraudulent activity. RoboForex strives to keep its services efficient, dependable, and accessible via regular audits, operational oversight, and member certification. Together with clear instructions on their service terms and conditions, RoboForex provides users with a vast library of educational resources to learn more about asset trading on the platform.
Is RoboForex good for beginners?
RoboForex is among the top-rated offshore trading platforms for beginner traders in Hungary. They are a reputable brokerage adhering to the regulatory standards set by the Financial Services Commission (FSC) in Belize, making it a safe and trustworthy broker.
RoboForex has an intuitive trading interface, favorable trading conditions, fast order execution, instantaneous withdrawals, competitive spreads beginning at 0 pip, low minimum deposits, and the inclusion of a demo and cent account. RoboForex diversifies its account offerings by providing traders with up to five real account types in addition to demo and Islamic account options. For novice traders trying to understand the subtleties of buying and selling on RoboForex, a demo account serves as a playground to learn to trade.
Traders can expand their profits by trading with leverage. Also, the zero commissions, zero inactivity charge, and no fees or withdrawal deposits make it even a low-cost trading platform for beginners. RoboForex provides traders with a $30 welcome bonus, a vast array of 12,000 financial instruments, a free virtual private server (VPS), negative balance protection, and fast order fulfillment. Traders can trade stocks, indices, commodities, energy, futures, cryptocurrency, and currency pairs.
The multitude of noteworthy awards the company has won in the trading industry attest to its dedication to excellence.
Main features of trading on RoboForex
The main features of trading on RoboForex in Hungary include:
-
RoboForex provides traders with access to a wide array of trading instruments, enabling them to diversify their portfolios. These instruments include Forex, stocks, commodities, indices, cryptocurrencies, and more.
-
Traders in Hungary can choose from various trading platforms, such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, each offering advanced charting tools, technical indicators, and automated trading capabilities.
-
RoboForex offers a variety of account types, including standard accounts, ECN accounts, and swap-free Islamic accounts, to accommodate the preferences and trading styles of different traders.
-
A trader's ability to increase trading positions and possible profits is made possible by the availability of flexible leverage options.
-
With RoboForex's CopyFx platform, novice traders can trade without any prior trading experience. With this tool, traders can mimic the trading strategies of seasoned traders, drawing from their knowledge to enhance their trading results.
-
RoboForex offers a range of educational materials, including tutorials, webinars, and trading guides.
-
RoboForex offers traders a range of analytical tools to help them make well-informed trading decisions, such as economic calendars, technical analysis indicators, and market news updates.
-
RoboForex offers multilingual customer support services via live chat, email, and phone.
Team that worked on the article
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 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.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.