RoboForex Review 2021 Pros and Cons Uncovered

roboforex review

Below we take the main parts of any good online broker and compare Roboforex with freetrade, and easyMarkets. You can make use of a choice for 2 Factor Authentications (2FA) with Roboforex for heightened security. You will be required to input this code to log in to your account. These advantages are what sets Roboforex ahead of the rest of the online brokers.

You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. You have to bear in mind that PayPal is not available in all country. The currencies Roboforex accepts for deposit are USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD. We tested communicating with Roboforex support in a variety of languages across multiple countries. We tested the livechat experience with Roboforex and it works well. We made a request to Roboforex livechat via their website and app and recieved a response in less than 20 seconds.

Can you trade UK Shares with Roboforex?

Roboforex traders can navigate the platform and find the information they need to make informed trading decisions. Autochartist on the Roboforex platform is a powerful tool designed to help traders find trading opportunities quickly and easily. The Roboforex R StocksTrader UI is well designed, allowing users to add watchlists and monitor many financial instruments in multiple customisable trading and charting windows. The Roboforex R StocksTrader platforms allow modern traders to trade cryptocurrencies, Indices, CFD Stocks, CFD commodities, Forex and ETFs.

  • Other customer service options include filling out an email request form and addressing mail to their headquarters in Belize City, Belize.
  • R WebTrader is an online trading platform that allows traders to access their accounts from any web browser without the need for downloading or installing any software.
  • The minimum deposit on most RoboForex account types is 10 USD/ 10 EUR, except on R Stocks Trader which has a 100 USD / 100 EUR minimum deposit.

Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms. Brokers that operate under the supervision of regulatory authorities like Roboforex are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits.

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It is always best to trade using regulated brokers to avoid being scammed or experiencing mistreatment. Overall, RoboForex (RoboMarkets) ranks #13 out of the 62 brokers that have been evaluated and scored within our investment types category. Based on our research, we found that RoboForex offers educational and analysis features together with research tools and materials that are especially essential for beginners. So if you adhere to using high leverage levels with the purpose to maximize your gains, RoboForex definitely will assist you. RoboForex is a regulated broker by the FSC license, which means that it can be considered a reliable and socially responsible broker. FSC Belize follows the international AML (Anti-money laundering) policy.

  • Besides the ability to trade Forex and CFDs, Roboforex MT5 offers access to trade Futures, Stocks, Algorithmic Trading, ETFs, and Indices.
  • RoboForex is an award-winning online broker that gives you access to trade an impressive range of more than 12,000+ trading instruments across 8 asset classes.
  • They are a fully regulated and licensed broker, which means that they are subject to strict regulatory standards.
  • The ECN account is a great choice for those who want to trade with low commissions and high leverage.
  • Roboforex is considered good and reputable to trade with Roboforex.

This program has four levels, each with its own benefits and rewards. The platform provides all of the data needed for traders to make an informed decision about which traders to follow. RoboForex offers a service called CopyFx, its own social trading platform. They are a fully regulated and licensed broker, which means that they are subject to strict regulatory standards. They are regulated by the International Financial Services Commission (IFSC), ensuring their clients’ funds and transactions are protected. We have been using this broker for several years now and provide first-hand experience and expertise of what it’s like to use them for CFD and forex trading.

Roboforex Con's

When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss. It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with Roboforex. Familiarizing yourself with the Roboforex trading platform is crucial to use it effectively. The effect of leverage on profits and losses magnifies them in both directions.

At the moment all refunds has been executed and they should be on your bank card. If funds didn't come yet, please, contact with Billing departmnet via ticket from Member area for further investigation. RoboForex is an international forex brokerage company, founded in 2009. The company is licensed by the International Financial Services Commission, which allows the broker to provide services to the customers in the majority of countries.

Is Roboforex a market leading broker?

RoboForex have several flexible account types for different trader requirements. The main difference between the account is that some offer lower variable spreads with a commission charge and others offer marked up variable spreads with no commission charge. You can choose an account depending on if you need tight spreads or would prefer to pay no commission. Either way, I think all of the accounts can provide good trading conditions for all trading strategies. The broker has their very own exclusive RoboForex platform for multi-asset trading on financial charts with advanced trading tools for technical analysis built in.

roboforex review

RoboForex is behind its direct competitors in some positions, while compares favorably with them in terms of accounts with special trading conditions. Pretty nice trading conditions, fast withdrawals and many various trading tools. Sure, this is great, but they have some big problems with slippages. It is fine as long as it is only on news, but it happens on a tranquil market also! I thought i had already found a perfect dc, but these slippage ruined my dreams((( so i am still on a fence.

It's recommended that you check the Roboforex website before signing up. If you decide to close your Roboforex account, it's important to do so with the Roboforex broker customer support and obtain confirmation that no remaining Roboforex fees are due. Roboforex partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their Roboforex clients' funds.

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I found some interesting analysis that helped me become more aware of what is going on in the markets. Despite MT5 being the newer version of the MetaTrader platforms, I am still using MT4 because I don’t really need all of the extra bells and whistles that MT5 has. If you learn how to use one of them, you shouldn’t have any problem using the other.