RoboForex Review

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RoboForex
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Overview

Company Information Having made enormous strides from the outset, the RoboForex Financial Group, a reputable international Forex brokerage, grew to become one of the foremost services providers on the competitive… more

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Details

BrokerRoboForex
Website URLhttp://www.roboforex.com/
HeadquartersLimassol, Cyprus
Support Number+357 25 262660 (Cyprus); +65 3158 8389 (Belize)
Support Emailinfo@robofx.com
Support TypesPhone, Live Chat, E-mail
LanguagesEnglish, Russian, Chinese, Indonesian, Malay, Thai, Portuguese, Polish, Ukrainian, Spanish, Arabic, Italian, Taiwanese, German, Lithunian
Minimum 1st DepositNo
Minimum Trade Amount0.01 lots
Maximum Trade Amount100 lots
BonusUp to $30
PayoutUp to 1,000:1
Free Demo AccountYes
Regulated Yes
RegulationCySEC; IFSC
Account TypesStandard, ECN, Cent, Affiliate
Deposit MethodsVisa, MasterCard, Skrill, Neteller, Fasapay,Skrill, FasaPay, Bitcoin, NETELLER, VISA, Carta Bleue, Maestro (UK), CartaSi, PostePay, Dankort, MasterCard, Bank Transfer, Fast Bank Transfer, Neosurf, Lobanet, iDeal, Multibanco, Sofort, EPS, Trustly, Nordea Solo, Qiwi, AstroPay, Paysafecard, Boleto, Todito Cash, Dinero Mail, Euteller, Yandex.Money, ITAU, Banco Do Brasil, Bradesco, Webpay, ePay.bg
Withdrawal MethodsVisa, MasterCard, Skrill, Neteller, Fasapay
Types of AssetsForex, Metals, CFDs
Account CurrencyUSD, EUR, CNY, GOLD
ECN Broker Yes
Scalping Allowed Yes
Managed Yes
Lowspread Yes
Forex Demo Contests Yes
Forex Live Contests No
US Traders Allowed No

Full Review

Company Information

Having made enormous strides from the outset, the RoboForex Financial Group, a reputable international Forex brokerage, grew to become one of the foremost services providers on the competitive financial markets and “conquered” the trust of myriads of customers. The Financial Group comprises of RoboForex LP, RoboForex Ltd, and RoboForex (CY) Ltd.

Since the very moment of its inception, the enterprise has always been motivated by the drive to craft convenient conditions for trading and to provide its enthusiastic clients with wonderful services of the highest grade. Nowadays, RoboForex has an offline office presence in several countries, spread across the globe, and it is punching above its already impressive weight by extending the field of activities by adding new areas. What RoboForex prides itself on is the same quality of services it provides to each and every of their keen depositors – irrespective of his or her invested cash or expertise.

Winner of countless rewards, RoboForex also takes great pride in being a member of several trustworthy regulatory authorities, including the IFSC, the International Financial Commission, the Investor Compensation Fund, the CySEC, and the FCA.

Trading Information

RoboForex has the most comprehensive set of trading accounts in the ever-expanding Forex niche.

Let’s start with the Standard accounts – the FIX-Standard and the PRO-Standard. For both of these accounts, there is no minimum deposit, their maximum leverage is 500:1, and the accounts’ base currencies are USD, CNY, EUR, and GOLD. In addition, both trading accounts derive benefit from no limits in the maximum number of positions, one-click trading, free withdrawals, and Margin Call and Stop Out levels that are 50% and 20% respectively. Both accounts are swap free, but the FIX-Standard’s execution is instant and the spreads are fixed (from 2 points) while the PRO-Standard’ execution is market and the spreads are floating (from 0.4 points).

The two (2) ECN accounts – the ECN-PRO NDD and the ECN-FIXSPREAD NDD – have the same base currencies as the Standard ones, require no minimum deposit, possess up to 300:1 max leverage, and utilise market execution. These accounts are non-swap free, but benefit from free withdrawals, one-click trading, Stop Out and Margin Call levels of 40% and 60% respectively, and extended quotes (up to 5 digits after the comma).

The Cent accounts at RoboForex are the FIX-CENT and the PRO-CENT. USD, GOLD, CNY, and EUR are their base currencies and they necessitate no min deposits. Their maximum leverage is set to 500:1, their Margin Call and Stop Out levels are 40% and 10% respectively, and they derive advantage from free withdrawals, one-click trading, and swap-free accounts. FIX-CENT’s account differs from the PRO-CENT account by the fact that its execution is instant (market for the other) and the spread is fixed from 2 points (floating from 0.4 points for the other).

RoboForex’ affiliate accounts are three (3) – a FIX-AFFILIATE, a PRO-AFFILIATE, and an ECN-PRO AFFILIATE. The first one has instant execution and fixed spreads (3 points) while the other two – market execution and floating spreads (1.4 points for the PRO and 0 for the ECN-PRO). The max leverage for the first two accounts is 500:1 and they are swap free while for the ECN-PRO, the leverage is 300:1 and it is not swap-free.

At newbie traders’ disposal are also four (4) demonstration accounts which help them to polish their trading strategies – only available in USD.

RoboForex Trading platforms

When it comes to trading platforms, RoboForex is again one of the pacesetters in the field, having numerous platforms with convenient features.

We don’t need to dive into a lot of detail about MT4, so we will just mention the unique RoboForex’s features. They comprise of 9 time frames for trading, 3 types of order execution, 50 integrated indicators for elaborate technical analysis, a variety of order types, as well as a free base of experts for automating analytical procedures. MT4 is also accessible through any mobile device to trade on the go using amazing tools, such as Market Depth, 24 analytical objects, 30 technical indicators, etc.

The younger brother of MT4 – MT5 – flexes its stronger muscles with a classy platform with more advanced features. These include 6 types of pending orders, virtual hosting, MQL5 market, multi-currency tester, 4 types of order execution, and market depth. In addition, it has 21 time frames, as well as more graphic objects, netting, an economic calendar, and technical indicators.

RoboForex also provides the cTrader platform which is appropriate both for newbies and for professional experts. With it, there are no re-quotes, no dealers, and no delays in order execution (around 1 second on average). Users also benefit from charting, one-click trading, and the ability to construct their own indicators.

 

Security and Customer Services

RoboForex outshines its competition also in the security it provides to all its avid investors. First of all, it cooperates ardently with the largest banks on a global scale (such as Barclays) and holds clients’ moneys in segregated accounts from its own cash. Secondly, it utilises the Bridge algorithm which is based on the STP technology without any interference and Non-Dealing Desk. Thirdly, not only is RoboForex a proud member of the Investor Compensation Fund (shielding money up to €20,000) but it is also strictly regulated by the CySEC and the FCA. And last but not least, the enterprise provides negative balance protection.

RoboForex’s centre of operations is in Limassol, Cyprus, and it can be reached through a live help, a Call Back option, an e-mail, and several telephone lines.

RoboForex speaks English, Russian, Indonesian, Chinese, Malay, Thai, Portuguese, Polish, Spanish, Ukrainian, Arabic, Lithuanian, Italian, Taiwanese, and German.

 

Deposits and Withdrawals of RoboForex

RoboForex’s deposit options are comprised of Skrill, FasaPay, Bitcoin, NETELLER, VISA, Carta Bleue, Maestro (UK), CartaSi, PostePay, Dankort, MasterCard, Bank Transfer, Fast Bank Transfer, Neosurf, Lobanet, iDeal, Multibanco, Sofort, EPS, Trustly, Nordea Solo, Qiwi, AstroPay, Paysafecard, Boleto, Todito Cash, Dinero Mail, Euteller, Yandex.Money, ITAU, Banco Do Brasil, Bradesco, Bitcoin, Webpay, ePay.bg,  and Rapid Transfer. Depositing money on RoboForex is not associated with any fees whatsoever.

Withdrawals can be processed via NETELLER, FasaPay, Skrill, China UnionPay, WebMoney, and Bank Wire for RoboForex Ltd while RoboForex (CY) also additionally allows withdrawing through Qiwi, Yandex.Money, MasterCard, and VISA. All withdrawal options necessitate a fee which varies from 0.5% to 2%.

The base currencies at the Forex enterprise are USD, MYR, EUR, INR, PLN, IDR, GBP, and AED.

 

Deposit Bonus and Loyalty Programmes

All clients of RoboForex who have successfully fulfilled the complete verification process will be bestowed with a $30 bonus.

In addition, the company provides its keen traders with up to 10% additional profit, up to 50% tradable protection, VIP programme (for trade balances of over $3,000), gratuitous VPS server, Forex Rebates, and Funds autowithdrawal.

RoboForex also offers a number of Demo Forex contests which are held monthly and come with great prizes.

 

 

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