Reviews about Roboforex from Clients in Argentina
While Forex trading is legally permitted in Argentina, overseen by the Comisión Nacional de Valores (CNV), the national securities commission regulating the domestic Forex market, there are no restrictions on the utilization of services provided by offshore brokers. RoboForex, recognized as a well-established and beginner-friendly offshore broker, is among the trusted options for traders in Argentina. This broker has earned acclaim as a top choice, garnering positive reviews and opinions from professional traders using RoboForex in Argentina and neighboring countries. Many professional traders in Argentina view RoboForex as a reputable and rapidly expanding broker that excels in providing excellent services, featuring a top-notch trading platform with an extensive selection of instruments, cost-effective transaction fees, and swift withdrawal processes.
TU experts will enlighten you about the regulation of RoboForex and feedback about RoboForex from previous users in Argentina.
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Is Roboforex popular in Argentina?
Yes. RoboForex is renowned for its affordable trading plans, distinctive trading interface, and advanced trading tools, making it the perfect choice for novice and seasoned traders.
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How much money do you need to start trading with Roboforex?
You can start trading with $10 on a real account, but if you choose to use a demo account, there are no fees associated with it.
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Is RoboForex good for beginners?
Yes. Considering the easy-to-navigate user interface, interaction of a demo account, copy trading system, and low minimum deposit, RoboForex is among the best beginner-friendly brokers in Argentina.
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Is RoboForex a Scam or not?
Given their license and FSC in Belize, RoboForex is not a scam broker.
Roboforex reviews from Argentinian traders
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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 Argentina? Is it Legit?
RoboForex is considered an offshore broker since it is not based in Argentina or governed by Argentine law. Although this broker is subject to foreign regulation, it does not influence the validity of the goods and services it offers in Argentina. The Financial Services Commission (FSC) of Belize has granted RoboForex a license to operate as an investment platform under license number 000138/437 and registration number 000001272. The International Financial Commission has strict requirements for its members, and only companies that meet the standards of FSC Belize, the regulator, are granted licenses.
Although it is generally advised that investors deal with brokers who have licenses issued in Argentina to guarantee local laws and government oversight, traders from Argentina are free to select a brokerage that is overseen by respectable organizations in the broker's home jurisdiction. RoboForex, although not licensed in Argentina, accepts clients within this jurisdiction.
The regulatory framework and license held by RoboForex are deemed fair by the Argentine financial agency, allowing RoboForex services to remain accessible. The broker conducts regular audits, monitoring, and certification of its members, offering effective, trustworthy, and transparent services. RoboForex offers traders protection of up to €20,000 per case if the broker disobeys Financial Commission rulings as a category "A" member of the Commission's Compensation Fund.
Professionals in the financial industry view RoboForex as a trustworthy and legitimate partner, and the business has won numerous prestigious accolades for its outstanding offerings.
How to open a trading account on RoboForex?
Before considering opening a trading account with RoboForex, you should become acquainted with the broker's offerings. Read the broker's trading terms and conditions, evaluate the distinctions between the accounts available on this brokerage, learn about the trading and non-trading fees, and read reviews. Once you are convinced that this broker service is what you need to invest in the financial market, proceed to open a trading account.
Before you start, there are typically two types of accounts (real or demo) to open. A demo account is free, while the minimum deposit to trade on a real account is $10. It is recommended that novice traders open a demo account before opening a real one. The free demo account allows traders to master the art of trading on RoboForex and some intricate parts of the platform. trade a variety of instruments just like they would with a real account, which explains why. Once more, it is the ideal account for traders who wish to understand how to use RoboForex for purchases and sales. Let's look at how to open an account (demo or real) on RoboForex.
Step 1: Visit the official page of the RoboForex investment platform
RoboForex website
Step 2: Click open account, enter your details, and click register when you are done accessing the RoboForex membership area .
RoboForex website
If you are already registered, you simply need to click the sign-in button, provide your login information, and log in.
Step 3: In your membership area, click on accounts
Since we are opening a demo account first, for now, select demo accounts. But you will follow the same procedure to open a real account when you are ready to trade on a live account.
Step 4: Click on confirm when you are done to start trading, but you will have to download the MT4 or MT5 trading platforms depending on your choice
RoboForex website
Step 5: Launch your trading platform and enter the demo login details sent to your email. Choose the asset you wish to trade and create a buy or sell order.
RoboForex website
Before you place the trade, select the symbol or currency pair to trade, set the volume and stop loss and take profit limits, set the market execution, type, and choose to buy or sell depending on your strategy.
RoboForex website
Pros and cons of RoboForex
Below are the pros and cons of RoboForex.
👍 Pros
• RoboForex is a safe CFD and Forex trading platform that is licensed and supervised by FSC in Belize.
• Investors get the chance to trade over 12,000 trading instruments.
• RoboForex offers a variety of account types, such as standard accounts, ECN accounts, and Islamic (swap-free) accounts, to give different types of traders flexibility.
• MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are widely used trading platforms that are well-known for their rich feature sets for charting and intuitive user interfaces. RoboForex is compatible with these platforms.
• As a resource for traders of all experience levels, the broker provides webinars, market analysis, and tutorials.
• RoboForex provides quick, flexible communication channels along with round-the-clock, helpful customer service.
• RoboForex offers the ideal platform for testing out novel strategies and EAs.
• You can profit from referred customers through RoboForex's excellent affiliate program.
• It offers beginners tools to help them trade, like a demo account and the unique CopyFx, a copy trading system.
• With RoboForex's strategy builder, traders can create automated trading strategies without any prior coding experience.
👎 Cons
• Some account types may widen during periods of market volatility because they have variable spreads. This may affect trading expenses, particularly for traders who make short trades.
• Accounts that remain inactive for a predetermined amount of time are subject to inactivity fees from RoboForex.
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.
Tobi Opeyemi Amure is an editor and expert writer with over 7 years of experience. In 2023, Tobi joined the Traders Union team as an editor and fact checker, making sure to deliver trustworthy and reliable content. The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options.
Tobi Opeyemi Amure motto: The journey of a thousand miles begins with a single step.