RoboForex Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $10
- MT4
- MT5
- R StocksTrader
- R MobileTrader
- R WebTrader
- FSC
- 2009
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $10
- MT4
- MT5
- R StocksTrader
- R MobileTrader
- R WebTrader
- FSC
- 2009
Our Evaluation of RoboForex
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
RoboForex is one of the top brokers in the financial market with the TU Overall Score of 9.71 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by RoboForex clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews prove that the broker’s clients are fully satisfied with the company.
The minimum deposit in RoboForex is $10. Leverage up to 1:2000. Traders choose RoboForex for reliability, favorable trading conditions, minimum spreads, and commission fees. The company is recommended for beginner traders and experienced investors.
Brief Look at 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, and futures - RoboForex provides a versatile trading environment.
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 CopyFx investment program, 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 prioritizes reliability and client satisfaction, establishing itself as a trusted partner for traders worldwide.
- Availability of favorable trading conditions and a minimum deposit
- Unique investment program CopyFx
- Highest affiliate payments: up to 84% of the fee paid by the referral
- Market launch - STP and ECN
- Instant withdrawal of funds
- Minimum deposit - $10
- A small number of currency pairs - 36, for accounts: Pro, Pro-Cent, ECN, Prime
- Lack of tools when trading on the R StocksTrader platform
TU Expert Advice
Financial expert and analyst at Traders Union
Over the years, this broker has shown itself to be a reliable and trusted partner. RoboForex provides clients with the best conditions: tight spreads from 0 pips, the highest execution speed, and micro-accounts with a lot of 0.01. The positive feedback from real traders about RoboForex, instant withdrawal of funds, and operational support are what impress me about this broker.
The brokerage company offers quality services to both beginners and seasoned traders. Over the years of cooperation with RoboForex, the broker has not received any significant claims against it. Therefore RoboForex is quite popular among Traders Union clients. All financial issues and claims on the broker's work are resolved by the company's representatives as quickly as possible and within minimum time. RoboForex always meets its clients and partners halfway.
Following the mass of positive reviews about the work of roboforex.com, Traders Union recommends this company as a trusted broker with a high trust rating.
- You need a wide choice of assets. The broker’s pool includes 12,000 financial instruments, including currency pairs, CFDs on stocks, such as: Nvidia stock, Apple stock, Google stock, Tesla stock etc. , indices, metals, energies, futures.
- You are interested in a minimum deposit. To open most accounts with RoboForex, a minimum deposit of $10/€10 is required. The minimum deposit on the R StocksTrader account is $100/€100.
- You want to trade with a regulated broker that provides the best protection of its clients’ funds. RoboForex is regulated by the FSC (the Belize Financial Services Commission). The company uses segregated accounts, is a member of compensation funds, and provides negative balance protection.
- You are looking for a broker regulated in the USA. RoboForex does not provide its services on the U.S. territory.
RoboForex Summary
Your capital is at risk. 79.43% of retail investor accounts lose money when trading CFDs with this provider. RoboForex Ltd and its affiliates do not target EU/EEA/UK clients. It is the user's responsibility to ensure that any use of the website or services adhere to local laws or regulations. Please be aware that you are able to receive investment services at your own exclusive initiative only, ensuring you fully understand all the risks involved.
💻 Trading platform: | МТ4, МТ5, R StocksTrader, R MobileTrader, R WebTrader |
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📊 Accounts: | ProCent, Pro, ECN, Prime, R StocksTrader |
💰 Account currency: | USD, EUR, GOLD |
💵 Replenishment / Withdrawal: | SEPA, Bank transfer, Skrill, Neteller, AdvCash, Perfect Money, Visa/Mastercard, AstraPay, NganLuong Wallet, JCB. |
🚀 Minimum deposit: | $10 |
⚖️ Leverage: | 1:2000 |
💼 PAMM-accounts: | No |
📈️ Min Order: | 0.01-100 |
💱 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% |
🏛 Liquidity provider: | n/a |
📱 Mobile trading: | Yes |
➕ Affiliate program: | Yes |
📋 Orders execution: | Market execution |
⭐ Trading features: | Negative Balance Protection; No swaps on Islamic accounts, a pleasant affiliate program: each market participant gets up to 20% loyalty; One Click Trading. |
🎁 Contests and bonuses: | Welcome Bonus |
RoboForex bonus programs are the company's strong points. Every trader gets a $30 Welcome Bonus, if they deposit $10 or more to their account. Additional bonuses include 5%-15% cash back on the fees depending on the trading volume, as well as additional 10% extra funds for more than 1,000 traded.
The minimum deposit on all accounts except R StockTrader is $10. The minimum deposit for trading stocks on the R StocksTrader and copying trades on the CopyFx platform is $100. The spread on Prime and ECN accounts is floating, from 0 pips, on Pro and ProCent accounts – floating from 1.3 pips. You can trade 36 currency pairs, metals and CFDs on this type of account.
For trading, RoboForex has available the following applications: MetaTrader 4, MetaTrader 5, and R StocksTrader, as well as its web terminal, on which you can work on real and demo accounts.
Leverage is up to 1:300-1:500 depending on the account type, as required by the regulatory authorities. The leverage on the cent account is up to 1:2000. On standard accounts, manual increase of leverage to 1:2000 is possible during registration, but this option is subject to certain rules. This parameter is appreciated by experienced traders and amateurs of aggressive trading. With RoboForex, you can earn not only on trading but also on the affiliate program, making a profit from users you have referred to a broker. Multilingual support helps market participants solve their pressing problems 24/7.
RoboForex Key Parameters Evaluation
Video Review of RoboForex
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Trading Account Opening
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.
Regulation and safety
RoboForex is regulated by the International Financial Services Commission - FSC Belize (license 000138/7).
FSC Belize is an international financial regulator. The commission sets strict requirements for all its members, and only those companies that meet the regulator's standards and comply with all its requirements are licensed by the organization.
Thus, RoboForex carries out financial activities under its regulations and their requirements, which provide traders with clearly defined rights and obligations and thereby safely secure their monetary assets.
Advantages
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Clear regulations for trading operations
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Governs the relationship between a broker and a trader
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Ability to file claims in the case of a dispute
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Governs trading NASDAQ and NYSE stocks
Disadvantages
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A large number of regulatory documents, which must be studied before starting cooperation with RoboForex
Commissions and fees
Account type | Spread (minimum value) | Withdrawal commission |
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Pro | $13 | No |
Pro-Cent | $13 | No |
ECN | $3 | No |
Prime | $1 | No |
We also analyzed the size of trading commissions in RoboForex and compared it with similar indicators of the company's main competitors. Based on the data obtained, the broker's trading fees were established as low, medium, or high compared to other brokers.
Broker | Average commission | Level |
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$1 | |
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$1.5 | |
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$8.5 |
Account types
RoboForex offers several types of accounts to choose from. Standard options are EUR, USD, and you can also choose a non-standard option, like gold. Working with a deposit replenished with the gold instrument, a trader earns not only from trading but also from changes in gold quotes, a protective asset.
To start working with RoboForex, you need to open an account.
The broker also offers Islamic accounts, where the standard swap fee is replaced with a fixed fee without the link to bank interest rates.
For trading in RoboForex, both classic MT4 and MT5 platforms and a web browser, and mobile versions, including R StocksTrader, are provided.
For a more comfortable start, the broker offers several bonus programs at once. Although the bonuses accrued to the deposit cannot be withdrawn, they can be used in trading. And the money already earned on bonuses can be withdrawn without any problems.
RoboForex - How to open a trading account? | Firsthand experience of Alex Smith by Traders Union
Deposit and Withdrawal
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RoboForex makes instant withdrawals without a commission. RoboForex does not impose a commission on its other services.
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Eight electronic payment systems are available for withdrawals in RoboForex: AstraPay, NganLuong Wallet, Skrill, Neteller, AdvCash, Perfect Money, as well as VISA/Mastercard and JCB bank cards.
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All withdrawal requests are processed by the RoboForex back office instantly. The receipt of funds can take from one minute to 1 day when withdrawing to EPS and from 1 to 10 days when withdrawing to bank cards.
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Withdrawing funds at RoboForex is available in these currencies: depending on the chosen payment method.
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Withdrawal to RoboForex is available from one cent and to verified clients. Withdrawals are usually carried out on trading days, so you can check the RoboForex schedule.
How to withdraw money from RoboForex | Firsthand experience of Oleg Tkachenko
Investment Options
RoboForex is the ideal broker for those looking to invest their money in the Forex market. This company has everything to earn a stable income — from professional analytics to technical functionality and optimal trading conditions. It is especially worth noting its investment program like RoboForex CopyFx which allows you to receive passive income without doing anything. According to customer reviews, RoboForex is the most popular brokerage company.
RoboForex CopyFx is a service for copying deals
RoboForex CopyFx is a passive investment option that involves connecting an investor's account to a professional trader's account and then copying his transactions. In this case, all trader's transactions are automatically opened on the investor's account. A specific trader's commission is deducted from the investor's profit in case of a successful transaction. The entire service is fully automated which minimizes your work to almost 0%. Learn More about CopyFX From RoboForex
CopyFX at RoboForex - how to choose a trader | Firsthand experience of Oleg Tkachenko
The minimum deposit is only $100, so everyone can test the waters. Having started working, the investor gets access to professional traders' ratings, which indicates the period of the account's existence, profitability, maximum drawdown level, and other statistics. Also, the investor can contact the trader directly.
An investor can connect to an unlimited number of traders, provided that his deposit can withstand such a load. Such diversification of risks makes it possible to form a full-fledged investment portfolio from traders' transactions.
An investor can disconnect from a trader at any time if he doesn't like something in his trading methods. It is a serious tool for protecting a deposit from RoboForex, which not all brokerage companies provide.
Separately, it should be noted that any person can simultaneously act as both an investor and a trader. All statistics on the effectiveness of copying transactions are displayed in the client's account.
Algorithm of working with the CopyFx copy trading platform:
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Once you register and pass verification, open a trading account. Investors can open any account, except for accounts with the MT5 and R StocksTrader platforms. Traders planning to provide signals open a separate account by choosing Open FxCopy Trader Account.
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In the Investment menu, open MT4 Trader Rating. Traders must meet minimum requirements of the broker in order to be included in the rating, such as the number of trades, the number of days the account has been active, and profitability. You will need to contact Customer support to learn about specific requirements.
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You will see main criteria in the list of traders: maximum drawdown, number of copy traders, profitability, account existence period, etc.
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Click on the profile of each trader to view trading statistics. You can activate the copy trading option in the profile of the trader you’d like to copy.
Copy trading is available on real accounts, subject to the deposit in the amount higher than the one specified in the trader’s profile. You can disconnect from a trader’s account at any time.
How to start investing in copy trading with RoboForex | Firsthand experience of Oleg Tkachenko
RoboForex affiliate program
It is not necessary to be familiar with trading to make money with RoboForex. Attract customers and earn up to 50% of the company's income. It works like this:
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You register as a partner, after which you receive information materials for posting on your website/blog, forums, or social networks. You also get a referral link.
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The person follows your referral link and deposits capital in his account.
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The broker receives the spread and credits a part of his profit to the partner's account in the referral trades.
Also, each partner can participate in the loyalty program with the possibility of receiving up to 20% additional partner remuneration every month.
Depending on the chosen partnership program and account type, the total amount of partner rewards can exceed 50% of the fees paid by the referral. For example, on Affiliate accounts, rewards are up to 70%. Taking into account the general fee of the VIP program with the loyalty reward, the total rewards of a partner could be as high as 84%.
Additional Trading Tools
As useful tools, RoboForex offers the following solutions:
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R StocksTrader Strategy Builder
This tool allows traders to create automated trading systems in a few clicks, without the knowledge of coding, and uploading additional software. The R StocksTrader Strategy Builder can be used to turn manual trading strategies into Expert Advisors and optimize several strategies.
How the builder works:
create your own strategy or use a ready-made template on the R StocksTrader platform;
fill out the required fields: technical indicators to be used, rules for opening/closing a position, etc.
test the EA in different markets;
save the software with the best settings.
The access to the builder is free.
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Trading calculator
A trading calculator is a universal tool that can be used to calculate the following parameters:
point value;
spread in pips and account currency;
swap short/swap long in pips and account currency;
fixed fee on ECN accounts.
The values are calculated for three account types: Prime, Pro, ECN. The required input data includes: asset type (currency pair, metals), lot size, leverage and account currency.
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Financial charts
The charts provide up-to-date statistical data on main trading instruments.
Customer support
RoboForex customer support works 24/7, and the company's specialists are ready to answer questions from their clients in 11 languages.
Advantages
- Multilingual support
- Available 24/7
- Online chat
- Ticket system when using your personal account
- "Callback" service is available
Disadvantages
- The speed of responses can be improved
Clients can contact RoboForex specialists in several ways:
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By phone numbers, as indicated on the website
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By email — depending on the required department
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Online chat on the website
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Through the ticket service in the LC
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Callback service
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By filling out a feedback form
Contacts
Foundation date | 2009 |
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Registration address | 2118 Guava Street, Belama Phase 1, Belize City, Belize |
Regulation |
FSC
Licence number: FSC Belize / 000138/7 |
Official site | https://www.roboforex.com/?a=bgo |
Contacts |
+593 964 256 286
|
Education
A large training section has been created on the RoboForex website. Each trader will receive the necessary information for successful trading — from the basics of the Forex market to analytics, reviews of trading strategies, advisors, and indicators.
The company's specialists recommend opening a demo (practice) account and educating yourself by obtaining and later applying theoretical knowledge in practice by actually trading on the demo account, thereby combining theory and practice. Thus, you will gain valuable experience and the necessary skills to work on a real account.
Comparison of RoboForex with other Brokers
RoboForex | Exness | TeleTrade | Pocket Option | XM Group | Tickmill | |
Trading platform |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MT5 | Pocket Option, MT5, MT4 | MT4, MT5, MobileTrading, XM App | MT4, MT5, Tickmill Mobile App |
Min deposit | $10 | $10 | $10 | $5 | $5 | $100 |
Leverage |
From 1:1 to 1:2000 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:1000 |
From 1:1 to 1:30 |
From 1:1 to 1:500 |
Trust management | No | No | No | No | No | Yes |
Accrual of % on the balance | 1.00% | No | No | No | No | No |
Spread | From 0 points | From 1 point | From 0.8 points | From 1.2 point | From 0.6 points | From 0 points |
Level of margin call / stop out |
60% / 40% | 60% / No | 70% / 20% | 30% / 50% | 100% / 50% | 100% / 30% |
Execution of orders | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution | Market Execution | Market Execution |
No deposit bonus | No | No | No | No | No | $30 |
Cent accounts | Yes | No | No | No | Yes | No |
Detailed Review of RoboForex
The company is responsible for fulfilling its tasks by offering its clients: the latest trading products, unique developments in data transmission, and trading functionality. The company has won numerous prestigious awards. The RoboForex group of companies has an international license to provide services from FSC Belize (license No. 000138/7).
The FSC Belize is one of the most reputable regulators. Additionally, RoboForex is a member of The Financial Commission with a guaranteed compensation fund of 20,000 euros, which guarantees reliability for a trader.
RoboForex is the best broker for a beginner trader
RoboForex is one of the best brokers for novice traders. Practice shows that newcomers choose this company primarily for its reliability and comfortable trading conditions. The minimum deposit at RoboForex is only $10. It is a small amount, but it is enough to understand the trading specifics and understand how the Forex market generally works.
Orders of RoboForex clients are immediately brought to the international market, working according to the "A-Book" principle, excluding a possible conflict of interest with the broker within the system itself.
RoboForex offers its clients the opportunity to invest in ETFs through its proprietary innovative trading platform - R StocksTrader. In it, you will find a variety of charts and quotes updated online for the following instruments: 12,000 stocks, currency pairs, indices, and ETFs. The minimum deposit to get started with R StocksTrader is $100. Additionally, an accessible constructor is built into the platform, which allows you to create trading robots on your own without programming skills. You can test the created Expert Advisor on a demo account.
ETF trading at RoboForex is available with leverage up to 1:20, depending on the selected account type. The minimum commission is 0.25 USD, and the spread is 0.01 USD. These instruments are traded 24/7, and the Stop Out level is 20%. The maximum number of ETF instruments available for investment through R StocksTrader is over 8400.
Another competitive advantage of the RoboForex broker is its innovative liquidity aggregation technology. It is also worth noting that RoboForex uses direct entry of orders to the market - STP, ECN. Advanced technologies for bringing client transactions to international platforms allowed the company to achieve excellent results in order execution speed (90-100 ms) with an average value of this parameter elsewhere in the market is 500 ms. In general, there are no negative reviews on the processing speed in RoboForex.
Advantages:
Narrow spread from 0 pips. The broker has the opportunity to offer such favorable conditions due to direct access to liquidity providers in ECN systems.
Instant market execution of orders. Traders’ orders are instantly sent to the Forex Market. There are no delays on the broker's servers or platform.
There is no commission for withdrawing money and replenishing the account. There are no restrictions on the number of withdrawals or the frequency of withdrawals. You leave a request, and it will be completed as soon as possible.
There are no trading restrictions. There is no limit on the duration of open trades, and the use of hedging and locking is allowed. Also, any number and any type of trading advisors can be used.
There is a one-click trading function
There is a free constructor of trading advisors that do not require programming knowledge
Leverage is one of the highest possible in the industry (up to 1:2000)
Negative balance protection is provided (gap protection)
Free VPS-сервер subject to the number of transactions equal to at least 3 standard lots per month. In the case of an insufficient trading volume, the monthly fee is $5.
User Satisfaction i