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 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.
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- 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 - 28, for accounts: Pro, Pro-Cent, ECN
TU Expert Advice
Author, Financial Expert at Traders Union
RoboForex offers a wide range of trading services with access to over 12,000 financial instruments encompassing Forex and CFDs on stocks, and ETFs. It supports popular MetaTrader 4, MetaTrader 5, and R StocksTrader platforms, and provides ProCent, Pro, ECN, and Prime accounts, with a minimum deposit of $10. RoboForex appeals to traders with competitive trading conditions, including leverage up to 1:2000, tight spreads from 0 pips, and the innovative CopyFx investment program. The broker also emphasizes efficient fund management through instant withdrawals.
Despite its advantages, RoboForex faces some drawbacks. These include a limited number of 28 currency pairs for certain account types, withdrawal fees, and medium-tier regulation by the FSC. The absence of PayPal and minimal educational resources may disadvantage some users. Nonetheless, RoboForex can be suitable for both novice and experienced traders seeking diverse financial instruments and leverage but may not be the ideal choice for those prioritizing Tier-1 regulation and extensive educational tools.
- 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 Trading Conditions
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 |
|---|---|
| 📊 Accounts: | ProCent, Pro, ECN, Prime, R StocksTrader |
| 💰 Account currency: | USD, EUR, GOLD |
| 💵 Deposit / 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 |
| 💱 EUR/USD spread: | 0,2 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 |
| 📋 Order 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 28 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
Share your experience
- Best
- Last
- Oldest
Mohsin 
Verified
Germany Görlitz Help ful for people..
Lose alot of money..
VICTORIA EBONG
Verified
South Africa Cape Town Roboforex is very much recommendable to anyone
To my best observation it has no weakness
Zintle
Verified
South Africa Fast and Good security
Someone getting hold of passwords but safe
Михайло
UA Dnipro 
Dee Ann
Verified
North West RoboForex provides traders with a variety of platforms, including MetaTrader 4 and 5, as well as advanced trading tools to enhance the experience.
Its educational resources are somewhat limited, which can make it challenging for beginners looking to expand their trading knowledge.
Enock Kimitei
Verified
South Africa Gauteng The spreads are fairly tight — especially on major pairs like EUR/USD — and there are no hidden fees, everything is transparent.
I would appreciate if the spreads were lower.
Aiman Hakim
Malaysia Johor Bahru Huge selection of instruments and the CopyFx platform
Regulation is in place, and that’s enough for confident trading
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 has a safety score of 4.9/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Track record over 16 years
- Not tier-1 regulated
RoboForex Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 FSC (Belize) |
Financial Services Commission of Belize | Belize | No specific fund | Tier-3 |
 The Financial Commission |
The Financial Commission | International | Up to €20,000 | Tier-3 |
RoboForex Security Factors
| Foundation date | 2009 |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker RoboForex have been analyzed and rated as Low with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- Withdrawal fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of RoboForex with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, RoboForex’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
RoboForex Standard spreads
| RoboForex | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,5 | 0,5 | 0,1 |
| EUR/USD max, pips | 2 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,5 | 0,4 | 0,1 |
| GPB/USD max, pips | 1,5 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
RoboForex RAW/ECN spreads
| RoboForex | Pepperstone | OANDA | |
| Commission ($ per lot) | 2 | 3 | 3,5 |
| EUR/USD avg spread | 0,2 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,4 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with RoboForex. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
RoboForex Non-Trading Fees
| RoboForex | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0-4 | 0 | 0 |
| Withdrawal fee, USD | 0-1,3 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
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
RoboForex received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
RoboForex provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Low minimum withdrawal requirement
- No deposit fee
- Bank card deposits and withdrawals
- Minimum deposit below industry average
- Only major base currencies available
- BTC not available as a base account currency
- Wise not supported
What are RoboForex deposit and withdrawal options?
RoboForex provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller.
RoboForex Deposit and Withdrawal Methods vs Competitors
| RoboForex | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | No | No | No |
What are RoboForex base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. RoboForex supports the following base account currencies:
What are RoboForex's minimum deposit and withdrawal amounts?
The minimum deposit on RoboForex is $10, while the minimum withdrawal amount is $10. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact RoboForex’s support team.
Markets and tradable assets
RoboForex offers a wider selection of trading assets than the market average, with over 12000 tradable assets available, including 40 currency pairs.
- 40 supported currency pairs
- ETFs investing
- Indices trading
- Bonds not available
- Crypto trading not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by RoboForex with its competitors, making it easier for you to find the perfect fit.
| RoboForex | Plus500 | Pepperstone | |
| Currency pairs | 40 | 60 | 90 |
| Total tradable assets | 12000 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | No | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products RoboForex offers for beginner traders and investors who prefer not to engage in active trading.
| RoboForex | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | Yes | Yes | Yes |
| Copy trading | Yes | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Trading platforms & tools
RoboForex received a score of 9.8/10, indicating a strong offering in terms of trading platforms and tools. The broker provides broad access to popular platforms and supports a variety of features designed to enhance both manual and automated trading.
- Proprietary platform with unique features
- API access for automated trading
- MetaTrader is available
- One-click trading
- No TradingView integration
- No access to cTrader and its advanced tools.
Supported trading platforms
RoboForex supports the following trading platforms: MT4, MT5, Proprietary platform, WebTrader. This selection covers the basic needs of most retail traders. We also compared RoboForex’s platform availability with that of top competitors to assess its relative market position.
| RoboForex | Plus500 | Pepperstone | |
| MT4 | Yes | No | Yes |
| MT5 | Yes | No | Yes |
| cTrader | No | No | Yes |
| TradingView | No | Yes | Yes |
| Proprietary platform | Yes | Yes | Yes |
| NinjaTrader | No | No | No |
| WebTrader | Yes | Yes | Yes |
Key RoboForex’s trading platform features
We also evaluated whether RoboForex offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.
Supported features
| 2FA | Yes |
| Alerts | No |
| Trading bots (EAs) | Yes |
| One-click trading | Yes |
| Scalping | Yes |
| Supported indicators | 32 |
| Tradable assets | 12000 |
Additional trading tools
RoboForex offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.
RoboForex trading tools vs competitors
| RoboForex | Plus500 | Pepperstone | |
| Trading Central | Yes | No | No |
| API | Yes | No | Yes |
| Free VPS | Yes | No | Yes |
| Strategy (EA) builder | Yes | No | Yes |
| Autochartist | Yes | No | Yes |
Mobile apps
RoboForex supports mobile trading, offering dedicated apps for both iOS and Android. RoboForex received 8/10 in this section, reflecting strong user engagement and well-developed functionality. High ratings, solid download numbers, and the presence of advanced mobile features contributed to the high score.
- Indicators supported
- Strong Android user ratings, currently at 4.7/5
- Supports mobile 2FA
- Fewer charting tools
We compared RoboForex with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
| RoboForex | Plus500 | Pepperstone | |
| Total downloads | 1,000,000 | 10,000,000 | 100,000 |
| App Store score | 4.7 | 4.7 | 4.0 |
| Google Play score | 4.7 | 4.4 | 4.0 |
| Mob. 2FA | Yes | Yes | Yes |
| Mob. Indicators | Yes | Yes | Yes |
| Mob. Alerts | Yes | Yes | Yes |
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.
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 |
|---|---|
| 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
|
Comparison of RoboForex with other Brokers
| RoboForex | Eightcap | XM Group | Exness | LiteFinance | AMarkets | |
| Trading platform |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MT5, MultiTerminal, Sirix Webtrader | MT4, MT5, AMarkets App |
| Min deposit | $10 | $100 | $5 | $10 | $10 | $100 |
| Leverage |
From 1:1 to 1:2000 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:3000 |
| Trust management | No | No | No | No | Yes | No |
| Accrual of % on the balance | 10.00% | No | No | No | 7.00% | No |
| Spread | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0.5 points | From 0 points |
| Level of margin call / stop out |
60% / 40% | 80% / 50% | 100% / 50% | 60% / No | 50% / 20% | 50% / 20% |
| Order Execution | Market Execution, Instant Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution, Instant Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | Yes | No | No | Yes | 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.
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