Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
*Please note that the information in this table is subject to change and you should always refer to the broker's official website for the most up-to-date information.
Overview of Roboforex
Roboforex, the trading name of Roboforex Cy Ltd, is a forex broker that has been around for over a decade and has made a name for itself in the industry. Founded in 2009, Roboforex is based in Belize, and then became a member of the FSCL, launched a negative balance guarantee service, later added CFD instruments, and introduced gold and CNY trading accounts. Roboforex offers a wide range of trading instruments, including forex, commodities, stocks, indices, and cryptocurrencies, with over 10,000 instruments available for trading. In 2016, Roboforex started creating a proprietary investment platform with a professional analysis centre RAMM and released stock trading. In 2019, the forex broker's tradable instruments reached 11,700, with global updates for the Android and iOS versions of R WebTrader and R MobileTrader, and won more than 20 awards in the financial industry.
One of the key features of Roboforex is its variety of account types. The broker offers several different account options, including Prime, ECN, R StocksTrader, Procent, Pro and Demo Accounts.
In addition to its diverse account types and trading instruments, Roboforex also offers several different trading platforms. The broker supports both the popular MetaTrader 4 and MetaTrader 5 platforms, as well as their own proprietary platform, R Trader and cTrader. These platforms are available for desktop, web, and mobile devices, ensuring that traders can access the markets wherever and whenever they want.
Roboforex also offers various educational resources, including webinars, video tutorials, and market analysis, to help traders improve their trading skills and knowledge. In terms of customer support, Roboforex provides 24/7 multilingual support via phone, email, live chat, and social media.

Is Roboforex legit or a scam?
Roboforex is regulated by the International Financial Services Commission of Belize (IFSC) under license number IFSC/60/271/TS. This means that the broker is required to adhere to strict regulations and guidelines to ensure the safety of its clients' funds and the integrity of its operations. Additionally, Roboforex is a member of the Financial Commission, an independent organization that provides a neutral dispute resolution process for its members and their clients.

Another entity, RoboMarkets, LLC, is authorized and regulated by the National Bank of the Republic of Belarus under the license number of 15.

RoboForex Ltd. is authorized and regulated by the Financial Services Commission (FSC) under license number of IFSC/60/271/TS/17.

Pros and Cons
Some of the pros of trading with RoboForex include its low minimum deposit requirement, high leverage options, and multiple account types. The broker also provides a variety of trading platforms, including the popular MetaTrader 4 and 5 platforms, and has a useful selection of educational materials for beginners.
However, some of the cons of trading with RoboForex include its limited research tools, lack of transparency in pricing, and the potential for high trading fees. Customer support is not available 7/24 and sometimes, it is slow for them to answer clients' inquiries.
Market Intruments
RoboForex offers a diverse range of market instruments, including Forex, Stocks, Indices, CFDs on Futures, Energies, Commodities, Cryptocurrencies, and ETFS.
Forex - RoboForex offers trading in over 40 currency pairs, including majors, minors, and exotic pairs. They also offer access to the interbank market, which can provide better pricing and execution.
Stocks - RoboForex offers trading in a wide range of stocks from some of the world's biggest companies, including Apple, Google, Amazon, and Facebook. They also offer access to stocks from emerging markets, providing traders with opportunities for diversification.
Indices - RoboForex offers trading in a range of global indices, including the S&P 500, NASDAQ, FTSE 100, and DAX. This allows traders to gain exposure to the performance of a range of different markets.
CFDs on Futures - RoboForex offers trading in a range of futures contracts, including those based on commodities like gold, silver, and crude oil. This provides traders with opportunities to profit from movements in commodity prices.
Energies - RoboForex offers trading in energy markets, including crude oil, natural gas, and heating oil. This provides traders with opportunities to profit from changes in energy prices.
Commodities - RoboForex offers trading in a range of commodity markets, including gold, silver, and copper. This allows traders to gain exposure to the performance of different commodity markets.
Cryptocurrencies - RoboForex offers trading in a range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. This provides traders with opportunities to profit from the volatility of these markets.
ETFs - RoboForex offers trading in a range of exchange-traded funds (ETFs), providing traders with opportunities to gain exposure to different markets and sectors.


Account Types
RoboForex understands that each trader is unique and has their own trading needs and preferences. That's why they have created a diverse range of trading accounts to cater to all types of traders.
Prime Account: The Prime Account, one of RoboForex's offerings, is an excellent choice for traders who are looking for low spreads and reasonable commission rates. To start trading, clients only need to deposit a mere $10 into their account. This account type provides traders with access to a maximum leverage of 1:300, which is a great advantage for those who want to make the most of their capital. With this account, traders can enjoy trading 28 currency pairs, precious metals, and CFDs on stocks and cryptocurrencies.
ECN account: RoboForex's ECN account is an exceptional choice for traders who are looking for a trading account with low spreads, high leverage, and a wide range of tradable instruments. With a modest minimum deposit requirement of only $10, traders can take advantage of the account's maximum leverage of 1:500. The ECN account offers an impressive 36 currency pairs, metals, and CFDs on stocks and cryptocurrencies to choose from.
R StocksTrader account: The R StocksTrader account is a lucrative option for traders who are looking to invest in a broad range of global stocks with a minimum deposit of $100. The account offers a generous maximum leverage of 1:500, which provides ample opportunity for traders to capitalize on their investments. The R StocksTrader account offers access to more than 12,000 stocks from around the world, including the major US and European exchanges, making it an excellent choice for traders who are looking to diversify their portfolio.
Procent account: The Procent account offered by RoboForex is a versatile and well-rounded option for traders of all levels, and particularly appealing to those who prefer a more conservative approach to trading. With a minimum deposit requirement of just $10, this account type offers accessibility to a wider range of traders. Moreover, the maximum leverage of 1:2000 allows traders to exercise greater control over their positions. The Procent account offers access to 36 currency pairs and metals.
Pro account: The Pro Account is a sought-after trading account offered by RoboForex. With a modest minimum deposit requirement of only $10, it provides traders with access to an impressive maximum leverage of 1:2000. This means that traders can take larger positions in the market. This trading account grants traders access to 36 currency pairs, including major, minor, and exotic pairs, as well as metals, CFDs on indices, stocks, and cryptocurrencies.


How to open an account?
Opening an account with RoboForex is a straightforward process that can be completed in just a few steps.

From there, they will be redirected to a registration page where they can fill out their personal and financial information, including emails, name, mobile phone number and more.

After completing the registration form, clients will need to verify their identity by providing a copy of their government-issued ID and a recent utility bill as proof of address. This step is necessary to comply with international anti-money laundering and know-your-customer regulations.
Once the account has been verified, clients can fund their account through a variety of methods, including bank transfers, credit/debit cards, and electronic payment systems such as Skrill and Neteller. The minimum deposit for most account types is $10, although the R StocksTrader account requires a minimum deposit of $100.
After funding their account, clients can download the trading platform of their choice and start trading in the markets.
Leverage
The maximum leverage of 1:2000 available for the Pro Account and Procent account type is particularly noteworthy, offering experienced traders a chance to pursue even more profitable trades. The Prime and ECN accounts also offer high leverage, ranging from 1:300 to 1:500.
However, it's important to note that high leverage can magnify both profits and losses, so traders should use it carefully and with proper risk management strategies in place.
Here is a table displaying the maximum leverage offered by four popular brokers - RoboForex, FP Markets, IC Markets, and Exness, which can help traders evaluate their options based on their preferred leverage:
*It's important to note that leverage can vary by account type, instrument, and regulatory requirements.
Spreads & Commissions (Trading Fees)
RoboForex offers a variety of trading accounts that determine the spreads and commissions charged. For instance, the Procent and Pro accounts provide average spreads starting at 1.4 pips, whereas the ECN account offers an average spread from as low as 0.1 pips. On the other hand, the Prime account entails up to 10% commissions, while the ECN account provides up to 15% commissions. It's essential to note that the trading fees may vary based on the trading instruments used and market conditions. As such, it's advisable to check the spreads and commissions charged for each trading account before making any trading decisions.




The R stockstrader account stands out as a distinctive trading account option offered by RoboForex, which entails a unique commission structure for trading various instruments. For instance, trading US stocks under this account attracts a commission of 0.009 USD per share, while EU stocks command a commission of 0.025 USD per share. CFDs on US stocks are charged a commission of 0.02 USD per share, while for CFDs on EU stocks, the commission is 0.07%. As for trading currencies, a commission of 15 USD is applied for every 1 million base currency traded. The commission for trading indices is variable and subject to changes based on market conditions.

Non-Trading Fees
RoboForex also charges non-trading fees, which include fees for deposits and withdrawals, as well as account inactivity fees. Inactivity fees are also charged for accounts that have been inactive for more than 90 days, with a fee of $10 per month applied until the account becomes active again.
RoboForex charges overnight interest, also known as swap, on positions held overnight on certain instruments. The overnight interest rates for long and short positions vary depending on the instrument and the trading account type. The rates can be found on the trading platform or on the broker's website.
Trading Platform
RoboForex provides a range of trading platforms to cater to different trading needs and preferences. The most popular trading platforms offered by RoboForex include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. These platforms are available for desktop, web, and mobile devices, allowing traders to access the markets from anywhere at any time.
MT4 is a widely used trading platform that offers advanced charting capabilities, automated trading features, and the ability to customize indicators and trading robots. MT5, on the other hand, is a more advanced version of MT4, with additional features such as multi-currency strategy testing and more advanced analytical tools.




cTrader is a trading platform designed for ECN trading, with advanced charting tools and fast trade execution speeds. The platform is popular among traders who prefer a more streamlined trading experience.

In addition to these popular trading platforms, RoboForex also offers its own proprietary platforms, including R MobileTrader and R StocksTrader. R MobileTrader is a mobile trading platform that provides access to trading accounts, real-time market data, and order execution. R StocksTrader, as mentioned earlier, is a unique trading account that offers commission-based trading on US and EU stocks.


Lastly, for traders who prefer to trade directly from their web browser, RoboForex offers the WebTrader platform. This platform requires no download or installation and offers a simple, user-friendly interface for trading.
Bonuses Offered
RoboForex offers an impressive range of bonus programs that cater to the needs of different types of traders. The 30 USD welcome bonus is a great incentive for new traders looking to test the waters of live trading. The classic bonus program offers up to 120% bonus on deposits, giving traders additional funds to trade with. The profit share bonus program allows traders to earn up to 60% of the profit generated by their referrals, making it an attractive option for traders who have a large network of contacts. The up to 10% on account balance program is another great way for traders to boost their account equity. The cashback rebate services offer traders the opportunity to earn cashback for each trade they make, reducing their trading costs.



Deposit & Withdrawal
RoboForex offers a variety of deposit and withdrawal options, including VISA, MasterCard, bank transfer, Skrill, Neteller, Perfect Money, AdvCash, VISA, MasterCard, QR & Vouchers, Western Union. Deposits can be made in USD, EUR, GBP, and CHF, and there are no deposit fees charged by the broker. Withdrawals can also be made in the same currencies and are processed within one business day. The processing time for bank transfers can take up to five business days. The minimum deposit amount varies depending on the account type, ranging from $10 for the Prime, ECN, Procent, and Pro accounts to $100 for the R StocksTrader account.
There are no deposit fees, but withdrawal fees may apply depending on the payment method used. For example, withdrawals through AstroPay are subject to a fee of 0.5%, and withdrawals through Skrill and Neteller are subject to a fee of 1% and 1.9%, respectively. Withdrawal fees through VISA, MasterCard/JCB/CUP are subject to a fee of up to 2.6 % +1.3 USD.

Customer Support
Roboforexs customer support can be reached by telephone: +65 3158 8389 (English), +88 6277414290 (HK), +66 65 965 6091 (Thailand), email: info@roboforex.com, info@roboforex-cn.org. The online chat function is available 24/7, allowing clients to connect with a representative in real-time and receive assistance promptly. Additionally, the company's website has an extensive FAQ section, which provides answers to many common questions about trading accounts, deposit and withdrawal methods, trading platforms, and more.
Besides, clients can also follow up with this broker on some social media platforms, such as Facebook, Twitter, Instagram and Youtube.
Company address: 2118 Guava Street, Belama Phase 1, Belize City, Belize; 9724 Ramiro Duran Street, Belize City, Belize.

Educational Resources
RoboForex offers some educational resources to help traders improve their skills and knowledge, including a wide range of analytics, comprehensive educational materials, trading tools such as a trading calculator and financial charts, and much more. These resources are designed to help traders stay up-to-date with the latest market trends and make informed trading decisions, but it's important to note that additional independent research may be necessary for more advanced strategies.

Conclusion
To summarize, RoboForex is a renowned online brokerage firm that provides a diverse range of account options catering to various trading requirements. The broker offers an extensive range of tradable instruments, competitive trading fees, and high leverage options. The user-friendly trading platforms come equipped with advanced trading tools, enabling traders to make informed trading decisions. The broker also offers excellent customer support, with multiple channels available for assistance.
While RoboForex presents an excellent trading opportunity, it is crucial to exercise caution while trading with leverage and implement proper risk management strategies.
FAQs
Q: Is RoboForex a regulated broker?
A: Yes, RoboForex is regulated by several financial authorities, including FSC, CySEC and NBRB.
Q: What trading platforms does RoboForex offer?
A: RoboForex offers a variety of trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, WebTrader, R MobileTrader, and R StocksTrader.
Q: What is the minimum deposit required to open an account with RoboForex?
A: The minimum deposit required varies depending on the account type, $10 to open most account types, and $100 to open the R Stockstrader account.
Q: What trading instruments can I trade with RoboForex?
A: RoboForex offers a range of trading instruments, including forex, stocks, indices, commodities, Futures, ETFs, cryptocurrencies, and more.
Q: Does RoboForex offer any bonuses or promotions?
A: Yes, RoboForex offers various bonuses and promotions to its clients, such as a welcome bonus, deposit bonus, and cashback.
Q: Does RoboForex offer any educational resources for traders?
A: Yes, RoboForex provides a range of educational resources, including trading tools, financial news and analysis, webinars, and a demo account for practice trading.