Reviews About Roboforex From Clients From The Netherlands
RoboForex is a Belize-based company that was founded in 2009 and offers a wide range of over 12,000 tradable assets in different classes. They are among the best offshore brokers in the Netherlands, delivering a well-rounded service portfolio and effectively serving retail and professional traders. This article entails a Roboforex review in the Netherlands to help potential traders know what to expect when using this online trading platform.
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Is RoboForex legal in the Netherlands?
Yes. RoboForex is a legal broker in the Netherlands. RoboForex accepts clarinets from this jurisdiction even though the broker is not regulated in the Netherlands. RoboForex is regulated by FSC in Belize.
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Does RoboForex accept clients from the Netherlands?
Yes. RoboForex accepts clients from the Netherlands. This broker is a popular trading platform for new traders seeking for a friendly platform to start their trading profession.
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Can I start trading on RoboForex with $10?
Yes. Traders can start trading with $10, which by default is the minimum deposit stipulated by RoboForex for trading on real accounts.
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Does RoboForex allow scalping?
Indeed. In fact, RoboForex offers the best trading conditions for scalping, and they permit it. RoboForex provides traders with the tools they need to develop profitable trading strategies that work over the long and short terms. You can scalp at any time by using this platform's technical analysis and indicators to estimate short-term trends, whether you are trading with or against the trend or in a flat. Because of roboforex's low deposits, cent accounts, and leverage, you can open sizable positions and generate profits even with a modest deposit. Scalping is suited for trading with small deposits.
RoboForex reviews from traders in the Netherlands
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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.
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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
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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.
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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
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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 the Netherlands? Is it safe?
RoboForex stands out as a leading offshore trading platform for novice traders in the Netherlands. It maintains a stellar reputation and adheres to regulatory standards set by the Financial Services Commission (FSC) in Belize, ensuring a secure and reliable trading environment (license No. 000138/437; reg. number 000001272; registered address: 2118 Guava Street, Belama Phase 1, Belize City, Belize).
In this part of Western Europe, RoboForex ensures high-quality services by adhering to financial standards. RoboForex is a respectable broker that abides by EU rules set forth by the European Securities and Markets Authority (ESMA). Moreover, it upholds an extensive civil liability insurance policy that offers coverage up to €2,500,000, offering substantial defense against potential hazards like mistakes, fraud, and carelessness that might cause financial losses for policyholders.
RoboForex falls within the "A" category as a member of the Financial Commission's Compensation Fund. This guarantees that if there are breaches of Financial Commission regulations, clients could be eligible for compensation of up to €20,000 per case. The broker places a strong emphasis on safeguarding client funds by maintaining them in segregated accounts. Moreover, RoboForex employs extra security measures like two-factor authentication and mobile number verification to enhance the security of clients' member areas.
With an intuitive trading interface, favorable trading conditions, swift order execution, and instant withdrawals, RoboForex offers a user-friendly experience. Traders can leverage their positions to amplify profits, benefiting from zero commissions, no inactivity charges, and no fees on deposits or withdrawals, making it a cost-effective choice for beginners. Additionally, RoboForex provides a $30 welcome bonus, access to over 12,000 financial instruments, a free virtual private server (VPS), negative balance protection, and rapid order execution across various asset classes, including stocks, indices, commodities, energy, futures, cryptocurrencies, and currency pairs.
Is RoboForex good for traders in the Netherlands?
Yes. RoboForex is among the best forex trading apps for beginners in the Netherlands. This broker is a regulated trading platform that has won numerous prestigious awards. The RoboForex group of companies has an international license to provide services from FSC Belize (license No. 000138/437). For new and experienced traders, the platform provides attractive trading conditions with quick order executions, instantaneous withdrawals, and competitive spreads starting at 0 pip.
RoboForex provides up to five real account types in addition to demo and Islamic account options. There are no fees for inactivity, withdrawals, or money deposited into trading accounts. Traders can open positions using leverage.
New traders at RoboForex are greeted with a $30 welcome bonus along with access to an extensive selection of 12,000 financial instruments. Additionally, they can benefit from a complimentary virtual private server (VPS), negative balance protection, and rapid order execution. Opening an account is simple for traders, as you only need to deposit $10 into your trading account. Furthermore, they have the opportunity to hone their skills on a demo account, enabling them to practice trading with various instruments without any restrictions.
How to start trading on RoboForex?
You must open and verify a trading account before you can start trading on RoboForex. To open a trading account on RoboForex, you need a PC or smart device with a reliable internet connection. Opening an account on RoboForex will be a quick and easy process that could take as little as seven minutes. Once you are done with registering, verifying your account, and downloading the trading platform, if you choose the third-party trading platforms, you can start trading.
RoboForex provides excellent trading conditions and quick order fulfillment via a user-friendly Members Area. Traders can choose from a vast array of 12,000 financial instruments, including CFDs on stocks, energy, indices, commodities, cryptocurrencies, and currency pairs.
Below are steps on how to open a RoboForex account.
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Visit the official RoboForex investment platform website.
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Click on "Open Account" to begin registration, then follow the prompts to access the RoboForex membership area.
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Once logged in, choose between demo or real accounts.
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Enter details such as account type, preferred trading platform, leverage, initial deposit amount, and password. Confirm your choices.
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Depending on your chosen platform, you may need to download the MT4 or MT5 trading software.
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Open your trading platform and log in using the email address provided for the demo account.
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Select the trading symbol or currency pair, specify the trade execution type and volume, set stop loss and take profit levels, and determine whether to buy or sell based on your strategy. Finally, execute the trade.
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.