General Information
RoboForex presents itself as a Belarusian brokerage that provides its clients with various trading assets and supreme trading platforms. RoboForex hypes that it offers up to 100:1 leverage, no commission for any type of account, and 24×7 customer support services.
Market Instruments
RoboForex advertises that it offers various trading instruments, including currency pairs, CFD on indices and US stocks, cryptocurrencies. Some other trading assets like metals and crude oil are also available.
Account Types
There are five live trading accounts offered by RoboForex, apart from demo accounts, namely Prime, ECN, R Stocks Trader, Pro Cent and Pro. The minimum initial deposit to start any type of account is 100 USD / 100 EUR, except the R Stocks Trader account is 100 USD.
Leverage
In terms of trading leverage, the maximum level offered by RoboForex is up to 100:1. Keep in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.
Spreads & Commissions
Spreads and commissions are significantly affected by what type of accounts you are holding. The spreads in Prime and ECN accounts is floating from 0 points, while the spreads in R Stocks Trader, Pro Cent and Pro accounts is floating from 1.3 points. All accounts dont require any commission.
Trading Platform Available
When it comes to trading platforms available,RoboForex gives traders only one choices Meta Trader 4 - one of the most popular platforms on the OTC forex market. Meta Trader 4 classic terminal is still an unquestionable leader among retail clients. It has all features and tools that are necessary for both beginners and experienced traders of the financial markets to invest in forex, stocks, indices and other assets. Moreover, MT4 includes embedded functionality and opportunities, which are typical only for MQL platforms.
Deposit & Withdrawal
RoboForex provides its clients with four payment systems, including Alfa Bank, Priorbank (RBI Group), VISA and MasterCard. It is important to note that investment accounts can't be deposited by means of electronic wallets, banks accounts, and cards, which do not belong to the trading account owner. It allows clients to withdraw funds from their accounts without paying any commission on the first and the third Tuesday of each calendar month, while deposit is always without commission.
Customer Support
RoboForexs customer support can be reached at 9a.m.–6p.m. (UTC+3) through phone: +375336976379, email: info@roboforex.by. Besides, you can also follow this broker on some social media platforms like Facebook (@RoboForex). Company address: 220030, Belarus, Minsk, st. Myasnikova, 70, off. 308