RoboMarkets Overview 2024

Key information about RoboMarkets

RoboMarkets Review

RoboMarkets website

RoboMarkets emerged in 2012 and gained its European broker license in 2013. It operates under the regulation of the Cyprus Securities and Exchange Commission (CySEC) with license No. 191/13. The company caters to both institutional and retail clients across Europe, offering a diverse range of financial services. With a portfolio of over 3,000 trading instruments, RoboMarkets is recognized as a multi-asset broker. Notably, the minimum deposit across all account types is set at $100, without constraints on subsequent deposits.

Accessible round the clock, RoboMarkets offers customer support through a team of multilingual specialists available via Live Support. This service ensures prompt assistance for any inquiries or issues that may arise.

To enhance convenience for its clients, RoboMarkets facilitates transactions through more than 20 payment systems, enabling seamless deposit and withdrawal of funds. Moreover, clients gain access to six major global markets through RoboMarkets accounts and platforms, broadening their trading opportunities.

RoboMarkets further accommodates diverse client needs by supporting seven account currencies, including USD, EUR, GOLD, CHF, GBP, PLN, and CZK. This feature allows clients to conduct transactions using their preferred national currency, streamlining their collaboration with the broker.

Trade with RoboMarkets if:

• You seek a broker offering an extensive selection of tradable assets, with over 12,000 instruments available across various classes.

• You prefer a broker with competitive trading fees, particularly beneficial for high-volume and long-term trading strategies, notably through its Prime account.

• Security of funds is paramount to you, and you value a broker with a robust safety system despite being regulated by an offshore regulator.

• Access to comprehensive educational resources and research materials is important to you, aiding in making well-informed trading decisions.

• You desire a broker offering a diverse range of trading platforms, including MetaTrader 5, R WebTrader, and R StocksTrader.

Do not trade with RoboMarkets if:

• Concerns regarding offshore regulation by the International Financial Services Commission (IFSC) in Belize are significant to you.

• You require access to a larger number of currency pairs, as certain account types may offer a relatively limited selection.

• Trading cryptocurrencies is a priority for you, as the R StocksTrader platform does not support cryptocurrency tools, potentially limiting your trading options.

• Availability of customer support in multiple languages is essential, as RoboMarkets predominantly focuses on English support.

• You seek a broker offering a broader range of deposit and withdrawal methods, as the available options may be limited.

Investment programs, available markets and products of the broker

Trading conditions for RoboMarkets user

The minimum deposit required across all RoboMarkets accounts stands at $100. Specifically, for trading stocks via the R StocksTrader platform and copying trades through the CopyFx platform, the minimum deposit remains at $100. Depending on the type of account, the spread varies: floating from 0 pips on Prime and ECN accounts, and floating from 1.3 pips on Pro and ProCent accounts. These accounts offer the opportunity to trade 36 currency pairs, metals, and CFDs.

RoboMarkets provides access to various trading applications, including MetaTrader 4, MetaTrader 5, R StocksTrader, TradingView, R WebTrader, and R MobileTrader. Additionally, users can utilize the web terminal for both real and demo accounts.

Leverage ratios range from 1:300 to 1:500, contingent upon the account type, in compliance with regulatory requirements. Notably, the cent account offers leverage of up to 1:2000. While standard accounts allow manual leverage increase up to 1:2000 during registration, this option is subject to specific regulations.

Comparison with competitors

Service for copying trades

RoboMarkets offers a copy trading service known as CopyFx, allowing users to replicate trades made by seasoned traders. This service is tailored to assist traders, especially beginners, in generating passive income by mirroring the trades of experienced counterparts. Utilizing a fully automated system, CopyFx minimizes user intervention, ensuring efficient access to funds.

A notable advantage of RoboMarkets CopyFx is its low minimum deposit requirement, set at $10, catering to traders with diverse investment capacities. Moreover, the platform extends various bonuses for new traders, including a $30 Welcome Bonus and a classic bonus of up to 120% on initial deposits. Additional incentives include cashback on fees and an extra 10% in funds for significant trading activity.

To facilitate stable income generation, the platform offers a comprehensive suite of features, including professional analytics and technical tools, empowering users to make well-informed decisions amidst the dynamic Forex market. CopyFx is accessible across multiple trading applications, such as MetaTrader 4, MetaTrader 5, CTrader, R StocksTrader, and a web terminal catering to both real and demo accounts.

The CopyFX system enhances trading opportunities for both investors and traders alike. For investors, it offers the flexibility to copy orders from selected traders, paying them commissions based on either volume or performance fees, depending on the agreement. Traders, on the other hand, can opt for various commission schemes, including volume-based fees or performance-based fees, tailored to their preferences. Additionally, traders can choose to forego commissions, focusing on building investor loyalty through competitive advantages.

RoboMarkets affiliate program

RoboMarkets also offers an affiliate program also referred to as the "Agent" affiliate program, allowing individuals and businesses to earn commissions by referring new clients to the brokerage platform. This program features a multi-level commission system, enabling partners to earn commissions not only for clients they directly attract but also for those acquired by their sub-partners. To participate, individuals can open an affiliate account in their Members Area or register as a Partner. Upon registration, they receive two affiliate accounts for receiving commissions. Agents primarily attract new clients to RoboMarkets by promoting the brokerage through various channels, such as social networks, message boards, or blogs. Commissions are calculated as a percentage of the spread or commission paid by referred clients and are deposited into the affiliate accounts accordingly. The multi-level commission system extends up to Level 5, ensuring partners receive commissions for clients within their referral network.

Investment Education Online

Information

A large training section has been created on the RoboMarkets 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.

Bonuses paid by the Broker

RoboMarkets presents the Classic Bonus program, which entails certain provisions and conditions. This bonus, categorized as a deposit bonus, offers clients a percentage of the deposited amount, accessible through the automatic deposit system in the Members Area. Clients have the flexibility to choose bonus amounts ranging from 25% to 120%. Notably, this bonus is applicable to MetaTrader 4/MetaTrader 5-based cent or standard accounts, provided the account doesn't already have Profit share.

Upon depositing funds, the bonus is automatically transferred to the client's account if they have opted for it during the depositing process. The bonus program operates exclusively through the automatic deposit system in the Members Area, excluding other deposit methods from participation. There are caps on the maximum bonus amount per client, varying based on verification status.

Clients can have a maximum of 20 bonuses on a single account and up to 100 bonuses across all accounts within a single Members Area. The program imposes no restrictions on the total number of bonus accounts or operations, and there are no limitations on partner commissions for bonus accounts, except for clients from Malaysia and Thailand who are ineligible for the "Classic bonus" program.

In terms of utilization, funds on the client's account are segregated into two categories: the client's own funds and bonus funds. The client's own funds, comprising deposits, withdrawals (excluding bonuses), and associated profits, can be freely used for trading. However, bonus funds cannot be utilized during a "drawdown" scenario, where they will be deducted from the account if the Equity falls below the total sum of all active bonuses.

Customer support service

Clients can contact RoboMarkets specialists in several ways:

• By dialing the phone numbers listed on the website.

• Via email, directing queries to the appropriate department.

• Utilizing the online chat feature available on the website.

• Through the ticket service within the LC (Members Area).

• Requesting a callback via the callback service.

• By completing and submitting a feedback form provided on the platform.

Contacts

How to start making profits — Guide for traders

RoboMarkets 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 RoboMarkets, 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 RoboMarkets, both classic MT4 and MT5 platforms and a web browser, and mobile versions, including C Trader and 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.

Review of the personal cabinet

To facilitate your work with RoboMarkets 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.

1. You can enter your RoboMarkets personal account from the main page on the broker's website by clicking the "Sign In" button.

Login and registration on the RoboMarkets website

2. Authorization on the site must be carried out by entering the registered email address and password and confirming the login.

Authorization on the RoboMarkets website

3. In your RoboMarkets personal account, you will have access to the main sections allowing you to:

1 Open a trading account and fund it:

RoboMarket personal account - Account opening

2 Download the trading platform:

RoboMarket personal account - Trading platform

3 Take advantage of the broker's bonuses:

RoboMarket personal account - Bonuses

4 Take part in the broker's investment programs:

RoboMarket personal account - Investment programs

5 Make a Deposit.

Besides, in your account on the RoboMarket website, you will find:

• fresh analytics;

• valuable educational information;

• access to viewing the history of account transactions;

• up-to-date quotes of trading instruments and a section for account verification;

• and you can also get professional advice from the RoboMarket support service.

Deposit and withdrawal

Deposit and withdrawal methods are available to clients through various channels with different fees and processing times. Local bank transfers offer a fee range from 0% to 4% with processing times of up to one day for both deposit and withdrawal, accommodating transactions up to $15,000 for deposits and $20,000 for withdrawals. Electronic payments via payment systems like AstroPay and Skrill incur varying fees, with AstroPay having a 0% fee and Skrill charging 1% for withdrawals. Processing times for these methods are generally up to one day, with limitations on transaction amounts. Bank cards, including VISA, MasterCard, JCB, and CUP, involve a 0% fee for deposits and up to 2.6% plus $1.3 for withdrawals. Processing times range from up to one day for deposits to up to ten days for withdrawals, with deposit and withdrawal limitations ranging from $10 to $10,000. QR codes and vouchers are available with a 0% fee for deposits, processed within a day, accommodating deposits from $10 to $500. These options provide flexibility for clients to man