RoboForex Review

3.5
Rated 3.5 out of 5
Trading forex and CFDs on margin carries a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Highlights
  • Cheap raw accounts: ECN and Prime accounts start from 0 pips with commissions of $4 and $2 per round-turn lot.
  • $10 minimum deposit: on Pro, ProCent, ECN and Prime accounts, with cent accounts for very small trades.
  • Huge range through R StocksTrader: over 12,000 instruments, including real stocks and 1,000+ ETFs.
  • Belize license only: RoboForex Ltd is regulated by the FSC of Belize and does not target UK, EU or US clients.
About
  • Founded: 2009
  • Regulation: Financial Services Commission of Belize, plus Financial Commission membership
  • Platforms: MetaTrader 4, MetaTrader 5, R StocksTrader and the RoboForex app
  • Not available in: the US, Canada, Australia, Japan, Brazil and several other countries; UK and EU clients are not targeted
Rating
3.5
Rated 3.5 out of 5
Trading forex and CFDs on margin carries a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Overview

RoboForex is an offshore MetaTrader broker with very low costs on its raw accounts, a $10 minimum deposit and a huge range of stocks and ETFs through its own R StocksTrader platform. It is only regulated in Belize, its withdrawal fees are high, and its leverage goes up to 1:2000, so it suits experienced traders who accept the trade-offs.
Category Details
Tradeable Assets Forex, metals, energies, indices, stocks, ETFs, soft commodities, crypto CFDs
Min Deposit $10 ($100 for R StocksTrader)
Forex Majors Spread From 0 pips plus commission (ECN, Prime); from 1.3 pips (Pro)
Regulators FSC (Belize); member of the Financial Commission
Trading Platforms MetaTrader 4, MetaTrader 5, R StocksTrader, RoboForex app
Funding Methods Cards, Skrill, Neteller, STICPAY, bank transfer and local methods
Currency Pairs 28 currency pairs on MetaTrader accounts
Available Leverage Up to 1:2000 on Pro and ProCent (equity under $10,000); up to 1:500 on ECN; 1:300 on Prime
Broker Type Market maker and ECN-style accounts
Founded 2009
Country Belize (RoboForex Ltd)
Free Demo Account Yes
Clients Accepted Many countries, but not the US, Canada, Australia, Japan, Brazil, Russia, Ukraine, Turkey, Iran, Indonesia and others. UK and EU clients are not targeted.
Pricing System Spread only (Pro, ProCent) or raw spread plus commission (ECN, Prime)
Inactivity Fee No

Introduction

RoboForex has been operating since 2009 and is best known for two things: very cheap raw-spread accounts and very high leverage. It runs MetaTrader 4 and 5 alongside its own R StocksTrader platform, which opens up thousands of real stocks and ETFs.

It is also an offshore broker. Retail clients deal with RoboForex Ltd in Belize, and its European sister company stopped serving retail clients in 2025. This review covers what that means for you, plus costs, accounts and platforms, based on RoboForex’s own pages and independent reviews from October 2026.

History of RoboForex

RoboForex started in 2009 and built its business on low-cost MetaTrader accounts with small minimum deposits. It added its own multi-asset platform, R StocksTrader, and a copy trading service originally called CopyFX.

The group’s Cyprus company, RoboMarkets Ltd, held a CySEC license but stopped serving retail clients on 1 January 2025. A German company, RoboMarkets Deutschland GmbH, is BaFin regulated but only offers EU retail clients stocks, bonds and ETFs, not forex or CFDs.

Where does RoboForex Operate

All RoboForex trading accounts covered in this review are with RoboForex Ltd, licensed by the Financial Services Commission of Belize. RoboForex is also a member of the Financial Commission, an independent dispute resolution body whose compensation fund covers up to €20,000 per case if a member refuses to follow its ruling, and it carries civil liability insurance up to €2.5 million.

RoboForex does not operate in the US, Canada, Japan, Australia, Brazil, Russia, Ukraine, Belarus, Turkey, Iran or Indonesia, among others, and does not target UK or EU clients.

Investment Offering

  • Forex: 28 currency pairs on MetaTrader accounts
  • Stocks and ETFs: thousands of stocks and over 1,000 ETFs through R StocksTrader
  • Metals and energies: gold and silver CFDs, plus other metals through ETFs
  • Indices: over 10 index CFDs
  • Crypto CFDs: a handful of coins on Pro and ProCent accounts

In total RoboForex lists over 12,000 instruments, most of them on R StocksTrader. The forex list is short compared with most brokers.

Trading Platforms

  • MetaTrader 4 and MetaTrader 5: the main platforms for forex and CFD trading, with Expert Advisor support.
  • R StocksTrader: RoboForex’s own web and mobile platform for stocks, ETFs and CFDs, with a built-in strategy builder.
  • RoboForex app: for account management and trading on the go.

RoboForex Account Types

  • ProCent: $10 minimum, cent account for tiny trade sizes, spreads from 1.3 pips.
  • Pro: $10 minimum, spread only from 1.3 pips on EUR/USD, leverage up to 1:2000.
  • ECN: $10 minimum, spreads from 0 pips plus $4 per round-turn lot, leverage up to 1:500.
  • Prime: $10 minimum, spreads from 0 pips plus $2 per round-turn lot, leverage up to 1:300.
  • R StocksTrader: $100 minimum, for stocks and ETFs.

All accounts are available swap-free. Leverage drops to 1:1000 on Pro and ProCent once equity passes $10,000, and may be cut over weekends.

Accepted Countries

RoboForex accepts clients from many countries, but its excluded list is long: the US, Canada, Japan, Australia, Brazil, Russia, Ukraine, Belarus, Turkey, Iran, Indonesia and a number of smaller territories. It also does not target UK, EU or EEA residents. Check the list on RoboForex’s site before you sign up.

Copy Trading Features

RoboForex’s copy trading service, formerly CopyFX, lets you follow traders on MT4, MT5 (with hedging enabled) and R StocksTrader accounts. Traders set their own fees for followers. Given the high leverage available on these accounts, copy carefully, cap how much you allocate and check each trader’s worst drawdown.

Deposit & Withdrawals

Deposits are free across all methods, including cards, Skrill, Neteller, STICPAY and local options. Base currencies are USD, EUR and gold.

Withdrawals are where RoboForex gets expensive. Independent reviewers list fees of about 1% for Skrill, 1.9% for Neteller, up to 2.6% plus $1.30 for cards, 2.5% plus $0.30 for STICPAY and up to 4% for local bank transfers. Factor these in, especially if you plan to withdraw often.

RoboForex Spread and Commissions

  • Pro and ProCent: spread only, from 1.3 pips on EUR/USD
  • ECN: from 0 pips plus $2 per lot per side ($4 round trip)
  • Prime: from 0 pips plus $1 per lot per side ($2 round trip)
  • R StocksTrader: spreads from $0.02 on stocks and ETFs, no commission

The Prime and ECN accounts are among the cheapest ways to trade forex anywhere. The Pro account, by contrast, is expensive at 1.3 pips.

RoboForex Fees and Costs

  • Withdrawal fees: roughly 1% to 4% depending on the method
  • Inactivity fee: none
  • Swaps: charged unless you use a swap-free account
  • Currency conversion: your bank may charge if you fund in another currency

Unique Features

  • R StocksTrader: one account for thousands of stocks and ETFs as well as CFDs, which most offshore MetaTrader brokers do not offer.
  • Prime account pricing: $2 round-trip commission is unusually low.
  • Civil liability insurance: cover up to €2.5 million against errors, fraud and negligence, which adds a layer of protection the Belize license alone does not provide.