RoboForex Review 2024 Everything you need to trade forex

As a leading financial brokerage firm, RoboForex provides access to nine asset classes and 12,000 trading instruments. In this review, we’ll examine how RoboForex caters to diverse trader levels with its variety of account types, trading platforms, and educational resources. One notable feature of RoboForex is its variety of account types designed to cater to different trading needs. It provides different account options, including Pro-Standard, ECN, and Prime accounts, each tailored to suit different trading strategies and priorities. Additionally, RoboForex offers Islamic accounts for traders who adhere to Sharia principles.

Торговые счета ECN и STP

PayPal has become a popular funding option for many forex traders – find out which brokers support it as a payment method by reading our PayPal guide for forex traders. Clients can also partake in copy trading through the CopyFX platform, which works similarly to ZuluTrade. This allows you to imitate the positions of successful investors and traders, taking roboforex broker review much of the manual labour out of investing. RoboForex also offers significant flexibility in terms of account types and the potential to use very high leverage where permitted. Most notably though, the company lets you create and test your own trading robot on the R StocksTrader platform with extensive historical data going back half a century.

RoboForex Trading Assets and Features

The platform has received over 30 industry awards and is well known amongst online traders, aided by high-profile sponsorship deals with BMW M Motorsport and German Bundesliga side Eintracht Frankfurt. All clients get 24/7 customer support via email, live chat, and phone. The support is available in over fifteen languages, including Spanish, Arabic, German, Japanese, Portuguese, Chinese, Russian, Malay Thai, Asian, Polish, and English. However, their services are restricted in the United States due to the country’s restrictions. Therefore, United States residents can’t trade assets on Roboforex.

Should You Trade With RoboForex?

The only notable absence in the RoboForex offering is the increasingly popular cTrader app, that’s favored by many traders. I rank RoboForex as one of the best brokers operational today, where the trade execution remains superb. RoboForex is also home to one of the most intuitive proprietary web-based trading platforms, with full support for algorithmic trading. It includes a strategy builder, allowing traders to program automated trading solutions without needing to code.

Yes, RoboForex’s spreads might change between trading sessions, especially during moments of extreme market volatility or low liquidity. The stop-out threshold has been set at 10%, with bonuses and rebates available. The account allows one-click trading and provides Islamic account choices. For skilled traders seeking rapid order execution via an electronic communication network, RoboForex’s ECN Account is a fitting choice. The company also employs modern security mechanisms, such as SSL encryption, to protect customer data during transmission.

Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points. Part of the larger RoboForex Group, the broker’s HQ and head office are in Belize and provide services to more than one million global clients. There are several account types available to cover different investing needs, each offering different execution methods, margin options and trading platforms. RoboForex is a Belize-based Forex and CFD broker offering 8 asset classes and over 12,000 instruments for trading.

The authors of the articles or RoboForex company shall not be held liable for the results of the trades arising from relying upon trading recommendations and reviews contained herein. As our in-depth RoboForex review has demonstrated, this broker cares a lot about the safety of its clients. It features licenses from two separate regulators and abides by strict financial rules imposed by the European Union. RoboForex is among the few brokers who clearly state every detail about every important aspect of their trading services. All funding methods and fees are given transparently on the broker’s website.

Opening a trading account at RoboForex is a fast and simple process. You simply complete the short online registration form to get access to the members area. Upon completion you can then apply for a trading account which will require you to upload some documentation for KYC purposes. These documents can be a proof of identification such as a passport or drivers license and a proof of address such as a utility bill. Once your documents have been verified, you will be able to fund your trading account and commence trading. MT5 is available for download on both Android and iOS devices so you can access your trading account whilst on the go. adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about.

If you learn how to use one of them, you shouldn’t have any problem using the other. I do like how MT5 has more chart timeframes and indicators for market analysis. I also like how it supports backtesting multiple instruments at the same time on tick data. Either way, both MetaTrader platforms are a popular choice for many traders and it is easy to see why. This account is suitable for different trading levels, too, and allows traders to test their trading strategy. Using Pro-Cent accounts, beginners and experienced traders can test their trading strategies.

  1. Despite MT5 being the newer version of the MetaTrader platforms, I am still using MT4 because I don’t really need all of the extra bells and whistles that MT5 has.
  2. If you are new to trading, I feel MT4 could be a good choice due to its simplicity.
  3. Its intuitive user interface and extensive trading tools provide traders with diverse financial products to trade in, such as Forex, equities, indices, and commodities.
  4. The site also has videos and guides to assist you in opening an account, how to start trading, and access to the Forex community forum.
  5. There are several account types available to cover different investing needs, each offering different execution methods, margin options and trading platforms.
  6. The RoboForex demo accounts allow traders to recreate trading conditions close to but not the same as those experienced in a live account.

You also can reach RoboForex’s customer service by telephone on a 24/7 basis where the company’s support personnel are readily available to answer your questions. You can also contact the company through Facebook, Telegram, and Instagram. RoboForex has been favorably recognized by some of the most respected financial experts. For example, the company has won over 40 prestigious industry awards, including “Best Mobile Trading App” from “GFA – B2B” in 2023.

RoboForex emerges as a commendable broker, offering an expansive suite of trading instruments and platforms suited for both novice and seasoned traders. The broker strives to curate a user-centric trading experience, exemplified by its versatile account types, varied platform offerings, and diligent customer support. Notably, its efforts to enhance and diversify educational content, alongside offering competitive trading conditions, speak to its commitment to cater to a broad spectrum of traders. RoboForex is an award-winning online brokerage that offers forex, CFD and equity investing services to clients both in the UK and internationally.

So The possibility of losing money in forex is much more than earning money which i think it is the main purpose of letting Retailer investor enter these types of market. So i think 90% of retailers lose their money at the end of the day. A vital part of any trader’s experience, a broker’s trading platform can make or break any trading experience. That being said, the firm does take several measures to protect its traders, such as negative balance protection, an anti-fraud system and stringent KYC identity verification checks. The broker is also signed up to a fund protection scheme that covers up to €20,000 per client. Additionally, clients can set up two-factor authentication (2FA) to further protect their accounts.

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