Their proprietary R Web platform provides access to over 12,000 products and lets you copy the experienced trader and build your trading strategies. On the other hand, the CTrader platform gives you STP access and position management services while the MetaTrader gives you the traditional way of trading the financial eur markets. The trading cost plays an important role when you trade in the financial markets. Although there are many fees associated with online trading, you can determine the cost from the broker’s spread and commission structure. RoboForex’s spreads are very competitive and vary across its different account types.
The main mission of the company – to provide access to retail customers and large corporate investors to the interbank Forex market. RoboForex always keeps pace with the time and uses the latest technologies in trading. It helps the company to show one of the highest speeds of execution of orders among other brokers. This broker justifies its reputation fully as the most promising and young Forex company, and is able to become a reliable partner for every customer.
RoboForex offers 5 different account types to facilitate its clients. These account types are Prime, ECN, R Trader, Pro-Cent, and Pro-Standard.
As an offshore regulator, it provides much less security than, for example, something like the UK’s FCA. As such, it doesn’t push RoboForex into the clear. RoboForex has launched a Civil Liability Insurance program of 5,000,000 EUR, includes coverage against fraud, forex analytics errors, omissions, and other disputes involving financial losses of the clients. The broker is also a member of the Compensation Fund of The Financial Commission. The Financial Commission plays a neutral 3rd party role between the investors and the brokers.
You can also trade major commodities, including Coffee, Cocoa, Wheat, Sugar, Soya bean, and So forth. RoboForex precious metals range is also decent and includes Gold, Silver, Platinum, and Palladium. Finally, RoboForex also provides cryptocurrencies and crypto indices. Roboforex provides a learn forex education section where traders can find tutorials for learn trading, how to start trading, what is trading, Expert Advisors, training videos and online webinars.
Customer support is available 24 hours a day and 7 days a week which is quite rare among the forex brokers. RoboForex offers for trading a really huge number of instruments equal to more than 12,000+. There are available Forex, Indices, Stocks, Commodities, ETFs, and Cryptocurrencies. The wide number of stocks is a dominating part of the instruments list and allows the broker to be among the top brokers in terms of symbols quantity. IFSC Belize is a Belizean regulator of the financial services market of the international level. At RoboForex, we understand that traders should focus all their efforts on trading and not worry about the appropriate level of safety of their capital. Therefore, the company took additional measures to ensure compliance with its obligations to the clients.
The services of the broker are available across 169 countries around the world, and it has more than 1 million active clients. The Forex broker continues to increase in popularity, attracting millions of new clients on daily basis. There are various terminals available in Roboforex that traders can select depending on their experience and trading style.
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There are 13 withdrawal methods available, though this may vary depending on your jurisdiction. Withdrawal times for most methods are just 1 day, which is praised in customer reviews in 2021. The group does offer a Free Funds Withdrawal programme which allows you to withdraw funds twice a month with no commissions.
RoboForex offers a large number of deposit and withdrawal options making sure of the maximum flexibility in transactions for its clients. However, such a fixed spread account also charges commissions separately. The traders who hold eur their positions overnight may be charged a swap fee by the broker. RoboForex is best known as a forex and CFD broker who offers thousands of assets including foreign currencies, stocks, ETFs, indices, energies, metals, and more.
How Do I Get The Roboforex Welcome Bonus?
When our clients deposit their trading accounts, the commission is always 0%. Choose the payment system according to your convenience, not cost effectiveness. R Trader is a multi-asset web platform, which combines modern technologies, a classic but taken to a new level design, and access to the world’s major financial markets. ECN account type is intended for professionals, who prefer the best trading conditions with tight spreads. The company charges 0% commission for deposits and withdrawals and covers all expenses. As a technology-driven company, RoboForex offers their client an extensive range of platforms to choose from, that allows to advance and suit any demands.
RoboForex is providing its clients with “VPS Server” service, 24/7 and free-of-charge access to the remote trading terminal. RoboForex’s support team is one of their services that’s well-organized. There’s a ton of different phone lines covering multiple languages, with email and live chat support to boot. The support team also works 24/7, which is another commendable trait. While most are familiar with MT4 and MT5, it’s worth noting that brokers that provide both are rare. cTrader is a social trading software that allows you to trade by mimicking professionals.
- Each account type provides unique features and varies based on the spread and product range.
- The app offers 14 trading indicators, plus live charts and quotes, and additional mobile-friendly features.
- Traders will also find two formats when it comes to Cents accounts namely, Pro-Cent and Fix-Cent.
- CTrader is a great choice for professional and experienced traders as it provides a clean design and excellent charting tools with a great execution speed.
- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
- Seasonal traders can use MT4 and MT5, while the traders looking to build and test trading strategies can use CTrader and R Trader.
There are standard options, such as MetaTrader4 and MetaTrader5, but also the proprietary cTrader and R Trader. There are also web and mobile options, but they are based on R Trader rather than the more standard platforms. RoboForex’s deposit and withdrawal options are not only numerous but also quite speedy. Fees are absent from most of the cards, e-wallet, and online payment methods as well. I have been actively trading stocks and currencies since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund which has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.
Pros And Cons Of Roboforex
RoboForex is an online broker providing trading assets on their Pro-Cent, Pro-Standard, and RAMM live accounts. The broker offers an impressive selection of platforms, including MT4 and MT5, which we explore in this review, along with regulation, bonuses, and deposits. For example, their R Trader account provides an impressive number of over assets. At the same time, it cuts off access to any platform but the R Trader. The Pro-Cent version has high leverage but is severely limited in the available trading instruments. The Pro-Trader seems the most versatile but has significantly higher spreads than other types. A highly leveraged position can work against the trader when the trade does not work as expected.
The easy-to-use proprietary platform, R Trader offers a classic design and convenient trading for those who wish to invest in global markets. Users can access 13 technical indicators, 9 graphical tools, Level II Market Depth and an automated strategy tester. Professional traders can take advantage of the cutting edge MT5 platform, which provides speed and reliability for advanced trading. The flexible system features netting and hedging capabilities, Market Depth, 4 types of order execution, 6 types of pending orders, and dozens of technical indicators and graphical tools.
Roboforex Broker Review
Various customer support methods allow the customers to get help in multiple ways including very useful Whatsapp, Viber and others. The broker has a CySEC license being one of the most strict and trustable regulations giving a certain level of security for clients that have chosen Roboforex for trading. Support via popular messengers is quite unique because the vast majority of brokers have only phone, live chat, and sometimes phone support. There are no more regulations available, though CySEC should be enough for customers that RoboForex Review are able to open an account in this legislation. It is available mostly for people from the European Union, while for worldwide users Roboforex offers to open accounts mostly with its Belize company. The companies themselves are ‘RoboMarkets Ltd’ being a European entity broker and regulated by the CySEC and ‘RoboForex Ltd’ which is an international company that is registered by the IFSC . FxWirePro™ is a leading analytical company, which provides the participants of financial markets with research reports in the real-time mode.