RoboForex was founded in 2009 and is based in Belize, where it is licensed by the International Financial Services Commission (IFSC number 000138/210). According to the broker, over 12,000 trading instruments are available across eight asset classes, as well as two investing platforms and four trading platforms.
The company has built a solid reputation over the years, having opened over 3 million live accounts since its establishment. The company has struck a sponsorship agreement with Muay Thai boxer and world kickboxing champion Andrey Kulebin as an official partner of BMW M Motorsport.
The organization has a global presence and provides tailored solutions to its clients, ranging from copywriting to crypto deposits.
With 50 technical analysis indicators, basic charting tools, and three order execution methods, MT4 has everything a beginner or advanced trader needs. Users can also use StrategyQuant to program their trading robots and take advantage of one-click trading.
The platform is offered as a desktop program that can be downloaded or as a user-friendly online trader that can be accessed directly from your browser.
Professional traders have access to the enhanced MT5 platform, which delivers speed and dependability for advanced trading. Netting and hedging capabilities, market depth, four order execution kinds, six pending order types, and dozens of technical indicators and charting tools are all included in the adaptable system.
A cTrader terminal is a viable solution for experienced traders searching for an alternative to MetaTrader. Rare order types, Tier II pricing, and 54 technical indicators are available over 14 periods and 9 chart formats for users. cTrader Automate also allows you to develop trading robots and indicators.
The platform can be downloaded or accessed through a web browser.
For individuals wishing to invest in worldwide markets, the easy-to-use, unique R StocksTrader platform offers a traditional design and a convenient trading experience.
13 technical indicators, 9 charting tools, Level II market depth, and an automatic strategy tester are available to users. Account models such as netting and hedging are also supported.
R StocksTrader is accessible as a desktop application as well as a web platform.
In addition to CFD trading, the site allows you to trade real equities. As a result, clients can directly own assets. It also gives traders direct access to Nasdaq listings, allowing them to keep tabs on their orders.
Clients can trade over 40 currency pairings, 12,000 worldwide equities, 10 indexes, including the Dow Jones ($30) and the NASDAQ, and 100 commodities, including oil, as well as exchange-traded funds (ETFs).
In addition, the broker offers 26 cryptocurrencies as well as crypto indications, a one-of-a-kind product that allows you to trade numerous cryptocurrencies at the same time.
The costs vary depending on the account you choose, but the spreads are reasonable.
The spreads, which average about 1.4 pips for EURUSD, 1.75 for US Indices, and 22 for XAUUSD, include Pro-Cent and Pro-Standard account fees (Gold).
On prime and ECN accounts, spreads will be tighter, with some asset classes offering zero pip spreads.
The maximum leverage available for Pro-Cent and Pro-Standard accounts is 1:1000. The leverage on the ECN account is up to 1:500, while the leverage on the Prime and R StocksTrader accounts is up to 1:300.
A good margin calculator is available on the internet.
For iPhone and Android users, all platforms are available in 22 languages. The MT4 and MT5 mobile apps have received the most positive web evaluations in general.
There are dozens of deposit options available in nine different currencies, including USD, EUR, GBP, and ZAR. Deposits from international and local banks are accepted, as well as card and electronic wallet payments. PayPal isn’t an option.
On ordinary accounts, all deposit methods are commission-free and quick, and most methods require a minimum deposit of $10/EUR.
Non-EU consumers can likewise make cryptocurrency deposits. Traders can use cryptocurrencies to deposit, trade, and withdraw funds.
There are 13 different withdrawal methods to choose from, albeit they may differ according to your jurisdiction. The majority of procedures have a one-day withdrawal period.
Withdrawal fees range from 0.5 percent to 2.8 percent. The company does provide a no-fee withdrawal option that allows you to withdraw money twice a month. On the website, you may find further information and restrictions.
Non-EU consumers can make cryptocurrency withdrawals.
The Demo Pro, Demo, and Demo R StocksTrader are the firm’s three demo accounts available for all platforms.
The Pro demo account is the most popular option because it mimics the trading circumstances of ordinary account packages with a maximum leverage of 1: 2000 and floating spreads starting at 1.3 pips.
Users can practice trading methods without having to pay or risk any money.
On the broker’s webpage, you can sign up for a demo account. The practice account is free to use for 90 days, after which it will expire.
New Pro-Cent and Pro-Standard account users receive a $30 welcome bonus after depositing at least $10 with a credit card.
Cent and Standard customers can earn a 60% profit-sharing bonus, as well as up to a 120 percent bonus on deposits made with the Classic Bonus.
Other bonuses and promotions offered by the broker include a 10% bonus on account balance, cashback discounts depending on trading volume, daily contest possibilities with ContestFX, and a free VPS server.
The broker’s website has the full terms and conditions for withdrawing the bonus.
Under license No. 000138/210, the firm’s activities are governed by Belize’s International Financial Services Commission (IFSC).
The broker is a member of the Compensation Fund as a category “A” member of the Financial Commission, which gives protection of up to 20,000 euros per case.
In addition, the broker is covered by liability insurance and offers negative balance protection. Overall, RoboForex is a trustworthy and secure online broker.
Prime, ECN, R StocksTrader, Pro-Cent, and Pro-Standard are the five categories of live accounts offered by the organization. Except for the R StocksTrader account, which requires a $100 deposit, all accounts require a minimum deposit of $10/EUR.
Professional traders will like the ECN and Prime accounts, which offer spreads as low as 0 pips, while the R StocksTrader account allows for multi-asset stock trading. Beginner traders should use the Pro-Cent and Pro-Standard accounts.
The primary differences between accounts, according to this analysis, are minimum margin requirements, leverage restrictions, margin call/stop out levels, and bonus access. On Pro accounts, all bonuses are available. However, bonuses are not available on the R StocksTrader account.
Swap-free Islamic accounts, as well as investment solutions based on the CopyFX and RAMM platforms, are available, covering both short-term and long-term trading strategies.
The broker provides multilingual help in English, Malaysian, Indonesian, Arabic, and Spanish, among other languages. Help is provided 24 hours a day, 7 days a week through the following channels:
Head office address: 2118 Guava Street, Belama Phase 1, Belize City, Belize.
Traders from the United States, Canada, Japan, Australia, and the Russian Federation are not permitted to use RoboForex.
RoboForex is a well-known online broker that offers a diverse selection of assets using reliable trading platforms like MT4 and R StocksTrader.
The broker is also licensed and offers negative balance protection, providing traders with an additional degree of confidence and security.
Non-EU trading account deposits and withdrawals in cryptocurrencies demonstrate a clear commitment to innovation and offer clients a variety of trading possibilities.