RoboForex Mobile App: Main Features And Functionality
The RoboForex Mobile App is designed to cater to the needs of traders who require flexibility and efficiency in their trading activities. Main features of RoboForex Mobile app:
User-friendly interface
Comprehensive trading tools
Real-time data and alerts
Portfolio management
Security and stability
Copy trading
Deposit and withdrawal options
RoboForex mobile app is available for both Android and iOS, it provides a comprehensive suite of features that make it a powerful tool for both novice and experienced traders. In this article we explain its main features, and how to start using it.
Main features of RoboForex mobile app
User-friendly interface
The app has an intuitive design, making it easy for users to navigate through various features and tools. This includes a customizable market watchlist, which allows traders to monitor multiple assets simultaneously. For example, users can easily customize their market watchlists to monitor their preferred assets, such as adding or removing currency pairs, stocks, or commodities based on their trading interests.
Comprehensive trading tools
The app supports trading across various instruments, including Forex, stocks, indices, commodities, and cryptocurrencies. It integrates with MetaTrader 4 and MetaTrader 5 platforms, providing access to advanced charting tools, real-time quotes, and over 50 technical indicators. For instance, traders can use the Bollinger Bands and MACD indicators to perform technical analysis directly on their mobile devices.
Real-time data and alerts
Traders can receive real-time updates on market conditions, economic events, and trading signals. This helps in making better trading decisions and staying ahead of market movements. An example of this feature is the app's ability to send push notifications for significant market movements or economic news, helping traders keep track of important levels for their trading setup.
Portfolio management
Users can manage their portfolios directly from the app, allowing for quick adjustments to open positions and the ability to track performance metrics. For example, a trader can view their current holdings, check profit and loss statements, and execute trades to rebalance their portfolio as needed.
Security and stability
RoboForex ensures the security of user data and transactions through encryption and other security measures. The app also provides a stable trading environment with minimal downtime, ensuring that traders can execute their strategies without interruption.
Copy trading
The integrated copy-trading system allows users to follow and replicate the trades of successful traders. For instance, a novice trader can choose to copy the trades of an experienced trader with a proven track record, thereby leveraging their expertise to potentially improve their own trading outcomes.
Deposit and withdrawal options
The app supports various payment methods for deposits and withdrawals, including instant withdrawal systems for certain payment methods. For example, traders can deposit funds using credit cards, e-wallets, or bank transfers, and can expect withdrawals to be processed quickly, often within minutes for some payment options.
How to install the RoboForex mobile app: step-by-step guide
Screenshot from Google play
Installing the RoboForex Mobile App is a straightforward process. Follow these steps to get started:
For Android devices
1. Visit Google Play Store. Open the Google Play Store on your Android device.
Screenshot from Google play
2. Search for RoboForex Mobile app. Type "RoboForex Mobile App" in the search bar and press enter.
Screenshot from Google play
3. Select the app. Find the RoboForex Mobile App from the search results and tap on it.
Screenshot from Google play
4. Install the app. Click on the "Install" button. The app will begin downloading and installing on your device.
Screenshot from Google play
5. Open the app. Once installed, open the app and sign up for a new account or log in with your existing credentials.
For iOS devices
1. Visit the App store. Open the App Store on your iPhone or iPad.
Screenshot from App store
Search for RoboForex mobile app. Enter "RoboForex Mobile App" in the search bar and press search.
Screenshot from App store
3. Select the app. Locate the RoboForex Mobile App from the search results and tap on it.
Screenshot from App store
4. Install the app. Tap the "Get" button to download and install the app on your device.
Screenshot from App store
5. Open the app. After installation, open the app and either create a new account or log in with your existing RoboForex account details.
How to use Roboforex mobile app
Create an account. If you are a new user, sign up by providing the necessary personal information and completing the verification process.
Familiarize yourself with the interface. Spend some time exploring the app's interface to understand where everything is located. This includes tabs for trading, portfolio management, and market analysis tools.
Fund your account. Navigate to the deposit section, choose your preferred payment method, and fund your account to start trading.
Begin trading. Once your account is funded, you can start trading by selecting your preferred instruments, setting up your trading profile, and executing trades.
Pros and cons
These features, along with their pros and cons, make the RoboForex Mobile App a robust tool for traders looking to manage their investments and execute trades efficiently while on the move.
Pros and cons of the RoboForex mobile app
| Pros | Cons |
|---|---|
Comprehensive trading tools | Learning curve for beginners |
User-friendly interface | Dependence on internet connection |
Real-time data and alerts | Limited screen size for detailed chart analysis |
Effective portfolio management | Potential for over-trading |
Strong security measures | Battery and data consumption |
Copy trading capabilities | Notification overload |
Flexible deposit and withdrawal options |
Considerations for traders
Learning curve. New traders might find the app’s extensive features overwhelming at first. It's advisable to start with a demo account to familiarize yourself with the interface and trading tools.
Internet dependency. Ensure a stable and reliable internet connection to avoid issues with real-time data and trade executions.
Screen size. Trading on mobile devices can be challenging due to the smaller screen size. Detailed chart analysis might be better suited for larger screens.
Risk and warnings
Trading via the RoboForex Mobile App involves significant risk, especially when dealing with leveraged products such as Forex and CFDs. It's essential to understand that a high percentage of retail investor accounts lose money when trading CFDs. Always consider the level of risk you are willing to take and never trade with money you cannot afford to lose.
Copy trading with Tickmill can be a valuable tool
As a trader who uses the RoboForex mobile app, I find its range of features particularly useful for maintaining a dynamic trading strategy. The real-time data and extensive analytical tools enable me to make quick, well-thought decisions. Additionally, the app's stability and security features give me confidence in managing my trades on the go.
I would suggest you use the app’s features like customizable charts, real-time quotes, and technical indicators to analyze market trends before taking trades. Additionally, take advantage of the educational resources and demo account to practice and refine your strategies without financial risk.
FAQs
Is there a demo account available on the RoboForex app?
Yes, the app provides an option to open a demo account for practice trading.
Can I trade cryptocurrencies on the RoboForex Mobile App?
Yes, the app supports trading a variety of cryptocurrencies.
What are the minimum deposit requirements?
The minimum deposit varies depending on the account type, starting from as low as $10.
How can I access customer support through the app?
The app includes options for contacting customer support via chat, email, or phone.
Team that worked on the article
Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.
As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.
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.
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).