RoboForex

RoboForex Review: Is RoboForex Broker Good?

Broker overview and general information

RoboForex is a financial and derivatives broker founded in 2009 with headquarters in Belize. The broker focuses on providing online trading in a wide range of financial instruments, especially in the area of share CFDs. With over 12,000 trading products, RoboForex is popular with traders all over the world, offering a wide range of trading platforms and cutting-edge technologies that provide traders with fast and convenient access to global financial markets.

Licensing and Regulation

If you ask whether RoboForex is good or not, you should start by considering the license and registration factors first, which are detailed as follows:

• RoboForex operates under the supervision of a trusted financial authority. RoboForex Ltd is regulated by the Financial Services Commission (FSC) under license number 000138/32 and registration number 000001272. In addition, RoboForex complies with the requirements of the Securities Industry Act 2021 of Belize.

Trading products and platforms

Trading products

RoboForex offers trading in a wide range of financial instruments covering the following global financial markets:

• Commodities: Supports trading in various commodities such as gold, oil, and agricultural products.

• Currency Pairs: Offers forex trading in major, minor and exotic currency pairs.

• ETFs (Exchange-Traded Funds): You can trade a variety of ETFs.

• Futures: There are trading products available on the futures market.

• Indices: Supports trading of leading stock market indices from around the world.

• Stocks: Individual stocks are traded on different stock exchanges.

Trading platforms and tools

RoboForex offers a wide range of trading platforms to meet the needs of traders of all levels:

1. MetaTrader 4 (MT4): The most popular trading platform among traders worldwide. It offers a full range of technical analysis tools, supports the use of Expert Advisors (EAs) and offers automated trading.

2. MetaTrader 5 (MT5): An enhanced version of MT4 with additional features such as a built-in economic calendar, Depth of Market (DOM) system and a wider range of order types, ideal for traders who demand modern functionality.

3. R WebTrader: Web-based trading platform developed by RoboForex. No download or installation required. Accessible via web browser. Supports trading on MT4 and MT5 accounts.

4. R MobileTrader: a mobile trading application developed by RoboForex that supports both iOS and Android, allowing traders to access the markets and manage their orders anytime, anywhere.

5. R StocksTrader: A stock and ETF trading platform with over 12,000 instruments to choose from. Supports trading via web browser and mobile application. Suitable for traders interested in investing in the stock market.

RoboForex Review: Account Types

RoboForex offers a wide range of account types to meet the needs of traders of all levels:

Prime Account

• Spread: Starting from 0 pips (Floating)

• Leverage: Up to 1:300

• Commission: $2

• Minimum deposit: 10 USD / 10 EUR

ECN Account

• Spread: Starting from 0 pips (Floating)

• Leverage: Up to 1:500

• Commission: $4

• Minimum deposit: 10 USD / 10 EUR

R StocksTrader Account

• Spread: Starting from 0.02 USD or 1.3 pips

• Leverage: Up to 1:500

• Minimum deposit: 100 USD

ProCent Account

• Spread: Starting from 1.3 pips (Floating)

• Leverage: Up to 1:2000

• Minimum deposit: 10 USD / 10 EUR

Pro Account

• Spread: Starting from 1.3 pips (Floating)

• Leverage: Up to 1:2000

• Minimum deposit: 10 USD / 10 EUR

Each account is suited to traders with different experience and trading strategies. The Prime and ECN accounts are suitable for professional traders who want tight spreads and low commissions, while the ProCent and Pro accounts are ideal for beginners with accessible minimum deposits and high leverage.

Deposit-Withdrawal

Deposit channels

• Local Bank Transfer: No fees, processed within 1 day, maximum deposit limit 15,000 USD​

• Skrill: No fees, Processed within 1 day, Deposit limits 10 - 25,000 USD​

• Neteller: No fees, Processed within 1 day, Max deposit limit 50,000 USD​

• AstroPay: No fees, Processed within 1 day, Deposit limit 10 - 10,000 USD​

• STICPAY: No fees, Processed within 1 day, Deposit limit 10 - 49,999 USD​

• VISA/MasterCard/JCB: No fees, Processed within 1 day, Minimum deposit limit 10 USD​
  
  

Withdrawal channels

• Local Bank Transfer: Up to 4% fee, Processed within 1 day, Withdrawal limit up to 20,000 USD​

• Skrill: 1% fee, Processing within 1 day, Withdrawal limits 1 - 100,000 USD​

• Neteller: 1.9% fee, 1 day processing, withdrawal limit 5 - 100,000 USD​

• AstroPay: 0.5% fee, Processed within 1 day, Withdrawal limit 10 - 10,000 USD​

• STICPAY: Fee 2.5% + 0.3 USD, Processed within 1 day, Withdrawal limit 10 - 49,999 USD​

• VISA/MasterCard/JCB: Max. fee 2.6% + 1.3 USD, Processing within 10 days, Withdrawal limit 10 - 10,000 USD​

In addition, RoboForex offers a "Free Withdrawal" program that allows clients to withdraw funds without commission 3 times a month, on the 2nd, 3rd and 4th Tuesday of each month.

**The company will process withdrawal requests within 2 business days from 9:00 am to 6:00 pm (EET).

For more information about deposit and withdrawal methods, visit the official RoboForex website.

Support and Customer Service

Contact channels

• Live Chat: Clients can chat directly with the support team via the official RoboForex website at any time.

• Telephone: Contact number is +66 977 832 560, available 24 hours a day, every day.

• Email: For general questions, email can be sent toinfo@roboforex.comAnd for technical issues,support@roboforex.com​

• Contact form on website: Customers can send messages to the support team directly through a form on the website.

• Social Media: RoboForex provides communication channels through various platforms such as Facebook, Viber, Messenger and Telegram for clients’ convenience.
  
  

Office location

• Registered Address: 2118 Guava Street, Belama Phase 1, Belize City, Belize

• Business Address: Belize Marina Towers, Barrack Rd., Newtown Barracks, Belize City, Belize

Summary: Is RoboForex a good broker?

RoboForex is a broker suitable for traders of all levels, from beginners to professionals. It stands out for its free VPS service, high order execution speeds and low spreads on some instruments, such as the DAX 40 index. In addition, RoboForex offers a wide range of educational materials and research tools, helping traders improve their trading skills and knowledge.

However, RoboForex may not be suitable for those who want high security from strict financial supervision, as the broker is licensed by offshore regulators. Some accounts may have limited access to a variety of trading instruments, and spreads may be high on some products.

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RoboForex Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions, and more with real user reviews to help you decide on the broker that suits your needs.