RoboForex Review

ABOUT ROBOFOREX

RoboForex is an online broker that was founded in. They provide trading assets on their Pro-Standard, Pro-Cent and RAMM live accounts. This amazing broker offers some impressive selection of platforms including MT4 and MT5.

Moreover, RoboForex is regulated by the IFSC (International Financial Services Commission) and has their headquarters in Belize. They offer more than 12000 trading instruments in about 8 classes and also 4 trading platforms and 2 investment platforms.

Subsequently, over the years, RoboForex has earned a good reputation with up to 3 million live accounts that has been opened since inception. The company has also secured a sponsorship deal with world kickboxing champion, Andrei Kulebin and Muay Thai Fighter. They have also made the news as the official partner of BMW M Motorsport.

ROBOFOREX REGULATIONS

RoboForex is regulated by the IFSC of Belize under 000138/107 license number. Due to the fact that they are an ‘A’ category member of the Financial Commission, RoboForex Ltd is a participant of what is known as the Compensation Fund. This group provides protection up to €20,000 per case. Besides, the broker also has the Civil Liability Insurance and provides negative balance protection.

In all, RoboForex is an online broker that safe and legitimate.

ROBOFOREX PLATFORM&TOOLS

RoboForex has 4 trading platforms. They are:

Metra Trader 4

This trading platform has all the features that a beginner and even an advanced trader will need. It has basic graphical tools, 50 indicators for technical analysis, 3 order execution types. Besides, users would also be able to use StrategyQuant to program their trading robots and take advantage of the one-click trading capability.

Typically, this platform is available as a convenient webtrader accessible straight from a browser or a downloadable desktop client.

Meta Trade 5

Professionals in the trading industry can take advantage of the cutting edge feature of the MT5 platform which provides reliability and speed for advanced trading. As a flexible system, MT5 features Market Depth, netting and hedging capabilities, dozens of graphical tools and technical indicators, 4 types of order execution, and 6 types of pending orders.

Users can fully enjoy the web-browser version of the platform or the downloadable PC application.

c Trader

This trading platform is for experienced clients that are looking for an alternative to MetaTrader. With c Trader, users are able to access plus 54 technical indicators on 14 timeframes, Level II pricing, and 9 types of charts. Moreover, you can create indicators and robots using c Trader Automate.

The platform can be easily accessed straight via a browser or downloaded. The web version is quite ideal for MacOS PC users.

R Trader

This is an easy-to-use trading platform that offers convenient trading and a classic design for individuals who are interested in global markets. With R trader, users can access 9 graphical tools, 13 technical indicators, an automated strategy tester, Level II Market Depth. Hedging and Netting accounts models are also very much supported.

The R trader platform is available as a desktop application and also a web-platform.

ROBOFOREX LATEST AWARDS

Roboforex has been awarded severally. Some of them are:

• Best investment products 2019 – Global Brands magazine
• Best Stock Broker Asia 2019 – International Business Magazine Awards
• Best Education Forex-Center CIS 2019- IAFT Awards
• Best Investment platform 2019- IAFT Awards
• Best Broker of the CIS 2019- IAFT Awards
• Best Global Mobile Trading App 2020- Global Forex Awards B2B

ROBOFOREX EDUCATION MATERIALS

The Education suite of Roboforex contains so many useful resources that would be beneficial to both professional investors and casual traders. It includes on-demand videos, how-to guides, a helpful community forum, forex analysis, a blog and an economic calendar.

One of the most notable feature is the Roboforex Analytics centre. It is a free subscription to trading instruments and analytic data from within one window. It is available in up to 13 languages and offers an interactive data layout. This isn’t all as users can also gain access to tools for traders, videos, signals, and calendars.

ROBOFOREX TRADING INFORMATION

As aforementioned, Roboforex is an online broker that offers a wide variety of assets on trading platforms that are quite reliable including MT4, MT5 and R Trader. The broker is not only regulated, it also provides negative balance protection which is an extra layer of security and trust for traders.  RoboForex is an amazing broker for all levels but their zero spread RAMM platforms and ECN accounts will be exceptionally attractive to professional traders.

Subsequently, all Roboforex platforms make use of SSL encrypted security systems and also dual-factor authentication protocols. Both transfers and withdrawals can be protected through the SMS confirmation code that comes with each transaction. As for their bonus programs, they also have anti-fraud systems to protect against a repeated transfer of funds.

ROBOFOREX ACCOUNT TYPES

Roboforex have 5 different account types namely Prime, R Trader, Pro-Cent, Pro-Standard and ECN. For all accounts the minimum deposit is 10USD/EUR, except R Trader that requires up to 100 USD deposit. These are actually low minimum deposits compared to Exness, Tickmill and HotForex.

The Prime and ECN accounts are beneficial to professional traders that are looking for spreads ranging from 0 pips while the R Trader supports account fully supports trading multi-asset stock. Pro-Standard and Pro-Cent accounts are typically designed for both casual and beginner traders.

Basically, this review found that the significant difference between the accounts are access to bonuses, margin call/stop-out levels, minimum margin requirements and leverage limits. There are no bonuses available with the R Trader but with the Pro accounts, all bonuses are available.

Islamic swap-free accounts are also very much available including investment solutions that uses RAMM platforms and CopyFX platforms, supporting investment in both long-term and short-term trading strategies. From the Roboforex homepage, you can also open a real-money trading account and start trading immediately in live markets.

ROBOFOREX CUSTOMER SERVICE

One of the things Roboforex is known for is their top-notch customer service. They offer multilingual support in more than 12 languages including Spanish, Indonesian, Arabic, Malaysian and English language. Help to their customers is available 24 hours a day and 7 days a week via telephone number, email, online callback form, and live chat, WhatsApp, Skype and Viber. 

Their customer support team can help with most queries from user verification to how to delete an account to clarification on ECN commission per lot and also ways to reset your investor password. They are always available to render help and service.