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RoboForex Review | MT5 Broker
- Broker Type: ECN, STP
- Leverage: 1:1000
- Regulation: CySEC, IFSC
- Min. Deposit: 10 US$
- HQ: Belize
- Platforms: MT4, MT5, cTrader, RTrader
- Found in: 2009
Licenses of RoboForex
- RoboMarkets Ltd – authorized by CySEC (Cyprus) registration no. 191/13
- RoboForex Ltd – authorized by IFSC (Belize) registration no. IFSC/60/271/TS/17.
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Company Overview:
RoboForex Group is operating since 2009.
The company serves around 800,000 clients, from 170 countries and provides support in 18 languages,
they put a lot of focus on innovative technology solutions and multiple tools for trading.
The market range includes Cryptocurrencies (with leverage up to 1:10) Forex, Stocks, Indices, ETFs, Soft Commodities, Energies, Metals and over Roboforex trading costs on institutional spreads range from 0 points and are available with leverage up to 1:1000 (for currencies).
RoboForex Offers a particular contest called ContestFX
There are Monthly, and Weekly demo contests and they deposit the winnings straight to the Prizes are deposited to real trading accounts.
Contest winners have already received prizes for more than 1,500,000 USD.
Licenses, Regulations & Security of funds:
There are two companies registered by RoboForex Group
- RoboMarkets Ltd is a European broker, regulated by the CySEC,
- RoboForex Ltd is an international forex broker, regulated by the IFSC.
The broker is registered as a legal investment company in 29 European countries.
The company has implemented negative balance protection, while they keep all client funds in the banks in segregated accounts at all times.
Cryptocurrencies you can trade with Roboforex
Trading Platforms & Tools:
Trading Platforms & Tools:As a technology-driven company, RoboForex offers their client an extensive range of platforms to choose from, that allows to advance and suit any demands.
The main offer is known for broker activity MT4 and MT5.
However, RoboForex developed its proprietary platform called R Web Trader and R Mobile Trader.
Both trading platforms offer the same functionality as other platforms with advanced charting and execution.
– MT4 is the most popular platform, which includes advanced chart features along with robots and indicators, that allows traders to automate and implement their trading strategy. The integration of unique Indicators is one of the benefits of this platform.
– MT5 is the latest version of MetaTrader that offers the choice between n four types of executions.
-MT5 features comprehensive analysis tools, market depth as well as a multi-currency tester.
CopyFX platform is a copy trade version (much like Etoro) and is a perfect choice for beginners that look to invest. You have the ability to invest by following over 1,000 traders.
RoboForex RAMM platform allows profiting not only from Copy trading but from improved risk management systems with dedicated optimization tools.
The R trader Strategy builder is a free and convenient tool for trading automation in R Trader platform.
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Accounts Types
Fix-Standard account – No minimum deposit, spread fixed from 2 points, maximum leverage 1000:1, tradable deposit bonus up to 50%, classic deposit bonus up to 115%, and up to 10% on account balance, 31 currency pairs, and metals.
Pro-Standard account – No minimum deposit, 1000:1 leverage, spread floating from 0.4 points, 34 currency pairs and metals, and all the bonuses that are mentioned for the Fix-Standard account.
ECN-Pro NDD account – No minimum deposit, commission for 1 million USD of trading volume $20, maximum leverage 300:1, minimum order volume 0.01 lots, cashback rebate of up to 15% of commission, up to 10% bonus on account balance, 34 currency pairs, metals, and CFDs.
ECN-FixSpread NCC account – No minimum deposit, spread fixed from 1.6 points, maximum leverage 300:1, minimum order volume 0.01 lots, 13 currency pairs and metals.
Fix-Cent account – No minimum deposit, spreads fixed from 2 points, maximum leverage 1000:1, minimum order volume 0.01 lots, cashback of up to 1.5% of spread, tradable deposit bonus up to 50%, classic deposit bonus up to 115%, up to 30% on account balance, 31 currency pairs and metals.
Pro-Cent account – No minimum deposit, spreads floating from 0.4 points, maximum leverage 1000:1, minimum order volume 0.1 lots, cashback and bonuses are the same as those mentioned for the Fix-Cent account, 34 currency pairs and metals.
Demo accounts – There are several different demo accounts available, giving new clients the chance to try out a range of different trading platforms and the features of several different accounts. We’d advise all new traders to try with a demo account first, before risking real money, and definitely before taking advantage of the considerable leverage offered by RoboForex.
Deposits and Withdrawals:
The company charges 0% commission for deposits and withdrawals and covers all expenses.
There are over 20 different options for depositing funds to your account
including Skrill, Neteller, ePayments, POLi and many more.
Conclusion:
RoboForex takes the beginners by the hand every step of the way. From registering and opening an account and explaining the principles of how to trade, right up to more complex subjects such as analysis and how best to use Expert Advisors.
Customer support is offered on a 24/7 basis, and the team can be reached using email, telephone, live chat, or by requesting a callback. There are many country-specific telephone numbers, and the website is available in 13 other languages, so most traders will be able to get the help they need.
