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Roboforex Review

4.5
Rated 4.5 out of 5
  • — September 1, 2023
Visit Roboforex.com
There is a high level of risk involved when trading leveraged products such as CFDs. 77.13% of retail investor accounts lose money when trading CFDs with this provider. You should not risk more than you can afford to lose, it is possible that you may lose the entire amount of your account balance. You should not trade or invest unless you fully understand the true extent of your exposure to the risk of loss. When trading or investing, you must always take into consideration the level of your experience. Copy-trading services imply additional risks to your investment due to nature of such products. If the risks involved seem unclear to you, please apply to an outside specialist for an independent advice. RoboForex Ltd and its affiliates do not target EU/EEA/UK clients. The marketing material on this website is not intended for UK residents. The advertisements of RoboForex Ltd are not intended for Malaysian residents. RoboForex Ltd and it affiliates don’t work on the territory of the USA, Canada, Japan, Australia, Bonaire, Brazil, Curaçao, East Timor, Indonesia, Iran, Liberia, Saipan, Russia, Sint Eustatius, Tahiti, Turkey, Guinea-Bissau, Micronesia, Northern Mariana Islands, Svalbard and Jan Mayen, South Sudan, and other restricted countries.

Roboforex.com

roboforex
Highlights
  • Established History: Founded in 2009, RoboForex has over a decade of experience in the forex and CFD market.
  • Global Presence: RoboForex serves a diverse international client base with regulatory licenses from the FSC in Belize. The broker caters to a wide range of traders.
  • Regulatory Compliance: RoboForex is regulated by the FSC (Belize) and is an official participant of The Financial Commission, ensuring compliance with financial regulations and client fund security.
  • Trading Platform Variety: RoboForex offers MetaTrader 4 and 5 platforms, along with the proprietary R StocksTrader and R MobileTrader, catering to both novice and experienced traders.
  • Advanced Features: RoboForex provides features such as negative balance protection, free VPS hosting, and advanced trading tools.
  • Comprehensive Educational Resources: RoboForex supports traders with a range of educational materials, including quizzes, ebooks, and detailed market analysis.
About
  • History: Since its inception in 2009, RoboForex has grown significantly, focusing on providing a secure, reliable, and innovative trading environment. It has built a strong reputation for offering competitive trading conditions and extensive educational resources.
  • Domicile: The company is headquartered in Belize City, Belize.
  • Ownership: RoboForex is a private entity with multiple operating entities regulated across different regions.
  • Regulatory and Security Measures: RoboForex is regulated by the IFSC of Belize (license No. 000138/7) and is a category “A” member of The Financial Commission, with compensation protection up to €20,000 per case. The broker also has Civil Liability insurance coverage up to €2,500,000 and undergoes regular order execution audits by Verify My Trade.
Rating
4.5
Rated 4.5 out of 5
Visit Roboforex.com
There is a high level of risk involved when trading leveraged products such as CFDs. 77.13% of retail investor accounts lose money when trading CFDs with this provider. You should not risk more than you can afford to lose, it is possible that you may lose the entire amount of your account balance. You should not trade or invest unless you fully understand the true extent of your exposure to the risk of loss. When trading or investing, you must always take into consideration the level of your experience. Copy-trading services imply additional risks to your investment due to nature of such products. If the risks involved seem unclear to you, please apply to an outside specialist for an independent advice. RoboForex Ltd and its affiliates do not target EU/EEA/UK clients. The marketing material on this website is not intended for UK residents. The advertisements of RoboForex Ltd are not intended for Malaysian residents. RoboForex Ltd and it affiliates don’t work on the territory of the USA, Canada, Japan, Australia, Bonaire, Brazil, Curaçao, East Timor, Indonesia, Iran, Liberia, Saipan, Russia, Sint Eustatius, Tahiti, Turkey, Guinea-Bissau, Micronesia, Northern Mariana Islands, Svalbard and Jan Mayen, South Sudan, and other restricted countries.
Review By
Picture of Brendan Walsh

Brendan Walsh

Seasoned macro trader, managed billions from the Credit Crunch to COVID-19 and everything in between. Traded most assets you’ve heard of and a few you haven’t, and still alive to tell the tale. A student of history, markets, and psychology and a lover of risk and weirdness.

Overview

RoboForex, established in 2009, is a multi-asset broker offering a wide range of trading instruments including forex, commodities, indices, shares, and futures. The broker emphasizes client satisfaction through competitive trading conditions, robust research materials, and a variety of account types tailored to different trading needs.
Category Details
Tradeable Assets Forex, Indices, Commodities, Shares, Futures, ETF's
Min Deposit 10
Forex Majors Spread From 0.0 pips (Prime Account)
Regulators Financial Services Commission (FSC) of Belize
Trading Platforms MetaTrader 4, MetaTrader 5, R StocksTrader, R MobileTrader, R WebTrader
Funding Methods Bank transfer, Credit/Debit Card, E-wallets, Western Union, AstroPay
Currency Pairs 33 pairs including majors, minors, and exotics
Available Leverage Up to 1:2000
Broker Type ECN, No dealing desk, STP
Founded 2009
Country Belize
Free Demo Account Yes
Clients Accepted Global, with some exceptions due to regulatory restrictions, for example no US or Japanese clients accepted.
Pricing System Spread-based and commission-based
Inactivity Fee No

Introduction

If RoboForex Were an Animal: it would likely be an octopus. Like an octopus, RoboForex is versatile and capable of handling multiple complex tasks efficiently. The octopus is known for its intelligence and adaptability, capable of navigating challenging environments — qualities that reflect RoboForex’s ability to innovate and adapt to the diverse needs of the global trading community.

In this RoboForex review, we will cover key aspects of the broker including its regulations, founding year, investor protection measures, track record, and distinctive features. We will also explore its various trading platforms, account types, and the breadth of asset classes it offers to provide a transparent and comprehensive review of RoboForex.

Pros

RoboForex offers many advantages:

  • Competitive Fees and Spreads: Known for its transparent and competitive fee structure, RoboForex ensures traders can manage their costs effectively, which is especially beneficial for those looking to minimize trading expenses.
  • Diverse Trading Platforms: With support for MetaTrader 4 and MetaTrader 5, along with its proprietary R StocksTrader platform, RoboForex caters to a wide range of trading preferences and styles.
  • Wide Range of Trading Instruments: The platform boasts a diverse array of trading instruments, allowing traders to diversify their portfolios extensively. This includes access to forex, stocks, indices, commodities, and ETF’s
  • Low Entry Barrier: RoboForex maintains low minimum deposit requirements, making it accessible for traders of all financial capacities.
  • Robust Educational Resources: The broker provides comprehensive educational tools and resources, aiding traders in making informed trading decisions.
  • Innovative Copy Trading Options: RoboForex also offers advanced copy trading services, which allow traders to replicate the positions of experienced traders automatically, enhancing their trading strategies without extensive effort.

 

Cons

However, there are several drawbacks to consider:

  • Execution speeds: are not the focus may affect high-frequency trading strategies.
  • Geographic Limitations: RoboForex is not available in the US or Japan, limiting its accessibility for traders in these major markets.
  • Regulatory Concerns: While RoboForex is regulated by the IFSC of Belize, which is considered less stringent compared to top-tier regulatory bodies like the FCA or ASIC, they enhance client security through membership in The Financial Commission, offering protection up to €20,000 per case, and a Civil Liability insurance program covering up to €2,500,000 against various risks.

History of Roboforex.com

Founded in 2009, RoboForex has developed a strong reputation in the forex and CFD trading industry. Over the years, RoboForex has consistently innovated its offerings to meet the evolving needs of traders, ensuring robust client support and competitive trading conditions.

RoboForex has continuously upgraded its trading platforms to include cutting-edge features like automated trading, copy trading, and mobile trading capabilities. These platforms include popular choices like MetaTrader 4 and MetaTrader 5, as well as RoboForex’s proprietary R StocksTrader, which offers advanced analytical tools and integrated trading strategies.

The broker is regulated by the IFSC of Belize, which has allowed it to offer competitive trading conditions such as leverage up to 1:2000, spreads starting from 0 pips, and a wide range of trading instruments, including forex, stocks, indices, ETF’s, and commodities. This regulatory framework provides a balance between flexible trading conditions and the oversight necessary to ensure operational compliance and client security.

RoboForex has also focused heavily on accessibility and user education, offering a low entry barrier with minimum deposits starting at just $10 and providing a wealth of educational resources and trading tools to help both novice and experienced traders enhance their trading skills.

Where does Roboforex.com Operate

RoboForex, regulated by the Financial Services Commission (FSC) of Belize, operates internationally. This broad operational scope is guided by a strategic focus on adapting to diverse market needs and regulatory environments.

Geographical Reach and Limitations:

  • Exclusions: Importantly, RoboForex does not operate in the United States and Japan due to the stringent financial regulations and licensing requirements in these countries. The exclusion from these major markets is a significant aspect of its operational geography, focusing instead on markets with more flexible regulatory frameworks that align with its business model under the IFSC.

Regulatory Environment:

  • The broker’s regulation by the IFSC allows more flexible leverage options—up to 1:2000—and promotional bonuses that are often restricted in jurisdictions with tighter financial oversight. This regulatory flexibility is attractive in emerging markets and among traders looking for high-leverage opportunities.

Infrastructure and Accessibility:

  • RoboForex invests heavily in technological infrastructure to ensure robust and reliable trading services. This includes deploying servers in key locations around the world to minimize latency and maximize execution speed, which is critical for the effectiveness of trades, especially for day traders and those using automated trading systems.

The broker’s platforms are designed to be accessible on multiple devices, catering to the increasing demand for mobile trading solutions globally. This is particularly relevant in regions where mobile usage surpasses traditional desktop computing

Investment Offering

RoboForex provides a diverse range of investment opportunities:

  • Forex Trading: With over 33 currency pairs, RoboForex offers extensive forex trading options with competitive spreads.
  • Commodities: Trade CFDs on commodities like Gold, Silver, Crude Oil, and Brent Oil with favorable trading conditions.
  • Indices: Access major global indices such as the Germany 40, Dow Jones 30, Nasdaq 100, Japan 225, and S&P 500 with competitive spreads.
  • Shares: Over 53 stock CFDs from major global exchanges, including Apple, Tesla, General Electric, and more.
  • Futures CFDs: Diversify your portfolio with futures CFDs, including Dow Futures Mini, Nasdaq 100 E-Mini, and SP 500 E-Mini.

Trading Platforms

RoboForex offers a range of trading platforms designed to cater to the diverse needs of its clients:

  • MetaTrader 4 (MT4): Known for its user-friendly interface, extensive technical analysis tools, and automated trading capabilities.
  • MetaTrader 5 (MT5): Offers advanced features such as an economic calendar, additional order types, and enhanced charting tools.
  • R StocksTrader: Provides a seamless trading experience with real-time market data, advanced charting, and easy trade execution.
  • R MobileTrader: A mobile trading app for on-the-go trading, featuring real-time data and advanced charting.

Additional Tools:

  • Economic Calendar: Stay informed about important economic events and their potential market impact.
  • Market News: Real-time news feeds and updates from leading financial news sources.
  • Technical Signals: Comprehensive technical analysis insights to help inform trading decisions.
  • VPS Hosting: Free VPS hosting for eligible traders, ensuring low latency and uninterrupted trading.

Roboforex.com Account Types

RoboForex offers several account types tailored to meet the diverse needs and experience levels of its clients. The main account types include Prime, ECN, R StocksTrader, ProCent, and Pro accounts. Demo and swap-free Islamic accounts are also available.

RoboForex Account Types and their Benefits:

Account Type Spread Com Account Currency Platforms Max. Leverage Min. Deposit Execution Type Stop Out Swap-free Accounts  

 
Prime Raw from 0.0