RoboForex Review

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RoboForex was founded in 2009 and is an official partner of BMW M Motorsport. The broker is licensed and regulated by the Belize International Financial Services Commission, providing segregated business accounts with negative balance protection. They are also part of the Financial Commission Compensation Fund and provide access to execution quality certificates with Verify My Trade.

The broker offers the ability to trade in eight asset classes covering Forex ECNs and CFDs on stocks, ETFs, indices, cryptocurrencies, and commodities. Users can also invest in real stocks of US companies, bringing the total number of tradable assets to more than 12,000.

There are five different trading accounts available and they are named Prime, ECN, R Trader, Pro-Cent, and Pro-Standard. The broker also provides access to a demo trading account and no-exchange Islamic accounts. Fees vary depending on the type of account opened with a maximum leverage of 2000: 1 on certain accounts.

Users can trade from the globally recognized MetaTrader 4, MetaTrader 5, and cTrader platforms for desktop, web, and mobile. Users can also access the broker’s own multi-asset web terminal called R Trader and its RAMM investment platform, as well as CopyFX for social trading. The broker also offers an impressive array of research and education tools for traders and customer support 24/7 in multiple languages ​​and promotional / bonus offers.

Account Opening

RoboForex offers a simple account opening process for its 5 main types of trading accounts. Each account offers different asset classes to trade with different minimum deposits and leverage, as highlighted below:

  • Prime Account: designed for advanced traders to trade various asset classes with a leverage of up to 300: 1, with floating spreads from 0 pips with commissions to pay. The minimum deposit is 10 USD / EUR.
  • ECN Account – Designed for professionals who want the tightest spreads and high execution speeds to trade multiple asset classes with up to 500: 1 leverage, with floating spreads from 0 pips and commissions to pay. The minimum deposit is 10 USD / EUR.
  • R Trader – Designed for multi-asset class equity trading for experienced traders to access over 12,000 markets with a maximum leverage of 300: 1 and commissions to pay. A minimum deposit of 100 USD.
  • Pro-Cent – Designed for users who want to use pennies as a base currency, mainly beginner traders. The maximum leverage is 2000: 1 with floating spreads of 1.3 pips and a minimum deposit of 10 USD / EUR.
  • Pro-Standard – Designed for the most optimal trading conditions to trade multiple asset classes with a maximum leverage of 2000: 1 and floating spreads of 1.3 pips and a minimum deposit of 10 USD / EUR.

To open an account, users simply need to click on the Open Account tab on the broker’s home page. The application form first consists of entering the email, name, and phone number and accepting the Terms and Conditions. Users are then asked which trading account and platform they would like to open. Users are then redirected to the RoboForex Members Area where users can manage trading accounts and deposit funds.

Standard KYC and AML checks have been implemented and merchants are required to confirm the email address, identity, and address. This can be easily done by uploading photos in the relevant part of the member’s area.

RoboForex MetaTrader 4

The RoboForex MetaTrader 4 trading platform is available for desktop download and via web browser and offers features such as:

  • 3 types of order execution
  • 50 ready-to-use technical indicators
  • Ability to use trading robots
  • One-click trading
  • Algorithmic trading functionality
  • RoboForex MetaTrader 5

The RoboForex MetaTrader 5

Trading platform is available for desktop download and via web browser and offers features such as:

  • 4 types of order execution
  • Depth of Market Tools
  • 6 types of pending orders
  • Access to the MetaTrader market
  • Deadlines and additional chart types
  • RoboForex cTrader

The RoboForex cTrader

Trading platform is available for download on the desktop and through a web browser and offers features such as:

  • Rare types of order functionality
  • Tier II pricing
  • 54 technical indicators
  • 14 deadlines
  • RoboForex R Trader

The RoboForex R Trader

Platform is available through the web browser and offers the following features:

  • No download required
  • Trade-in more than 12,000 markets
  • Monitoring of corporate actions
  • Level II Market Depth, Time, and Sales
  • Builder of trading robots
  • RoboForex R Web Trader for MT4 accounts

The RoboForex R Web Trader

Platform is for MT4 accounts and offers the following features:

  • 13 technical indicators
  • 9 tools for graphical analysis
  • RoboForex Expert Analysis
  • One-click trading

About the author

Nafees Saifi // entrepreneur, author, trainer, and stocks and FX trader. 
Nafees Saifi is a professional FX trader from, India. Nafees has extensive experience trading commodities, bonds, and equity futures in the Asian, European, and US markets. Nafees holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.

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