RoboForex Review 2024: Is This the Right Broker for You?

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roboforex review

These sections provide answers to common questions, covering a wide range of topics such as account deletion, details on upcoming trading contests, and guides for navigating trading platforms. Lastly, staying updated on the latest market developments is intuitive through the news feed provided by RoboForex. Each article presented a blend of technical and fundamental analysis, shedding light on the initial market response and the current trading configuration. The platform allows you to view participants by key metrics like profit/loss, yield and maximum drawdown. Each participant has the flexibility to choose their own commission structure, investment period and minimum deposit, giving them full control over their account.

About the Editorial Team

Commissions are $20 per million traded on forex with an ECN account and $10 for the same amount through a Prime account. There is a huge number of deposit methods catered for, more than 20 in total. With a Roboforex VIP account, you can qualify for a range of different benefits based on which of the 3 program levels, Silver, Gold, or Platinum, that you qualify for. The minimum order volume is very accessible at only 0.01 lots with a maximum of 500 lots. The demo account itself is limited to a 90-day trial period but you can open as many demo accounts as you need over time.

Very good support

  1. RoboForex is not a scam – though the broker has been impersonated by potential scammers in the past.
  2. The other thing worth mentioning is that RoboForex affords very low trading fees.
  3. The education section at Roboforex includes a selection of video tutorials on trading in general that can be useful to those starting out in the industry.
  4. There is the US Stocks Pro version though it has a $10,000 minimum deposit.

This is all backed by excellent 24/7 support, making them one of my best forex brokers. Overall, I am really impressed by so many aspects of this brokers. They tick a lot of important boxes including a great range of platforms, lots of instruments and excellent support. You can trade a vast array of markets with excellent trading conditions.

Great broker for the experience…

If education is important to you, then IronFX also have a great selection. You will notice that the broker has a vast collection of independent trading tools available which is great. This includes powerful tools for market analysis , calculators, calendars and a handy VPS service for running your platform remotely. R Trader is designed for convenient trading and can be fully customised.

roboforex review

All sorts of payment methods are available including wire transfers, bank cards, online wallets, and even vouchers. This makes it super easy to deposit and withdraw funds from your trading account. Although i tested some EA on different Brokers and get Different Result. One more thing is about the nature of Forex and how Banks, Big players manipulate the Market. 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.

Is RoboForex FCA regulated?

Here, you’ll find everything from the financial license to trading platforms, spreads, fees, and payment methods, so, stick around to decide on your own. Ok, the spread is not the best in market, but you get bonus and cashback.Roboforex is a broker I trust since years. I think the bad reviews here comes from some inexperienced traders who made himeself some mistakes and then they rate the broker bad.

The range of index CFDs offered is lacking but you will get all the standard instruments. Yes, RoboForex supports automated trading systems, such as Expert Advisors (EAs), available on the MetaTrader platforms. To automate their trading tactics, traders might create their own EAs or employ pre-existing ones.

roboforex review

Some are commission-free, while others afford raw spreads starting from 0.0 pips. The R StocksTrader account is geared towards stock traders with more than 12,000 share CFDs. The CopyFX account type is tailored for those interested in copy trading.

The Prime Account from RoboForex has been designed to cater to new and experienced traders by offering favorable trading conditions. With a mere $10 investment, traders can avail themselves of 28 FX pairs, spot metals, and several CFDs. There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.

The leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades. Deposits and withdrawals can be completed using bank wires, credit or debit cards, e-wallets, or prepaid cards and vouchers (only for depositing). The broker never charges deposits, though using the PerfectMoney option entails a service fee. All withdrawals are charged a processing fee of up to 2.6%, though this does not apply on the first and third Tuesdays of each month. While MT5’s charts feel rather cumbersome and not particularly suited to accommodate the execution of comprehensive technical analysis, RoboForex also incorporates charts from TradingView on its website.

They are always prompt to respond and it is great that they are even available on weekends. Swap free Islamic accounts that comply with Sharia law are available upon request. It is always great to see a broker that will support clients with different religious beliefs. This is something I have come to expect from all brokers nowadays. RoboForex offer traders Gold (XAU/USD), Silver (XAG/USD), and ETFs on gold, palladium, platinum and silver. Spreads start from as low as 0 pips with order execution speeds from 0.1 seconds.

Online chat just keep telling me to email support but they never respond.Since writting review Roboforex have offered to refund the money I had deposited into my account. I have altered score to 2 stars because of their communication, and will alter score again when money has actually been received. I have also asked for a call back to understand why they did what they did, which may lead me to alter my score again.

Please note that some methods may only be available to specific countries. The frequently updated RoboForex blog has a wealth of articles covering different topics such as analysis, education, markets and more. The video section contains weekly video forecasts for some of the most popular trading instruments.


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