Overview of RoboForex
RoboForex is a well-established forex and CFD broker that has been operating since 2009. Headquartered in Belize, RoboForex has grown into a global trading platform, offering a diverse range of trading instruments, competitive spreads, and high-leverage options. It has earned a reputation among traders for its wide variety of account types, innovative trading technology, and automation-friendly platforms.
| Broker Name | RoboForex Ltd |
| Year Established | 2009 |
| Headquarters Location | Belize City, Belize |
| Regulated By | (FSC) of Belize |
| Minimum Deposit | $10 |
| Account Types Offered | Pro-Cent, Pro, ECN, Prime, R Stocktrade |
| Leverage Range | Up to 1:2000 |
| Spread Type | Variable (On Raw account spreads is from 0.0 pips) |
Roboforex Pros and Cons
Regulation and Security
RoboForex is regulated by the International Financial Services Commission (IFSC) of Belize, under license number 000138/32. While IFSC regulation provides some oversight, it is not as stringent as top-tier regulators like the FCA (UK), ASIC (Australia), or CySEC (Cyprus). However, RoboForex enhances client security by:
- Member of The Financial Commission, providing up to €20,000 compensation per case in case of disputes.
- Insurance, implemented a Civil Liability insurance program for a limit of 2,500,000 EUR, which includes market-leading coverage against omissions, fraud, errors, negligence, and other risks that may lead to financial losses of clients.
- Negative balance protection, preventing traders from going into debt.
- Segregated accounts, ensuring clients’ funds are separate from the company’s operational funds.
Despite its longevity in the market, some traders may prefer brokers with stronger regulatory frameworks for added security.
Key Trading Features of RoboForex
1. Trading Platforms
RoboForex offers multiple trading platforms, catering to different trading styles and strategies:
- MetaTrader 4 (MT4) – Industry-standard for forex trading with advanced charting tools.
- MetaTrader 5 (MT5) – A more powerful version of MT4 with additional timeframes and market depth.
- R StocksTrader – A web-based multi-asset trading platform with zero commissions on stock trading.
- cTrader – Ideal for high-speed trading and scalping with advanced order execution.
- CopyFX – A copy trading platform that allows users to mirror successful traders.
2. Trading Instruments
RoboForex provides access to over 12,000 trading instruments, including:
- Forex: 40+ currency pairs (majors, minors, and exotics)
- Stocks & ETFs: Trade real stocks and CFDs on leading global companies.
- Indices: US30, NASDAQ 100, S&P 500, DAX, FTSE 100, and more.
- Commodities: Gold, silver, crude oil, and soft commodities.
- Cryptocurrencies: Bitcoin, Ethereum, Litecoin, Ripple, and more with 24/7 trading.
3. Spreads, Leverage, and Fees
- Spreads: Variable spreads starting from 0.0 pips on ECN accounts and from 1.3 pips on standard accounts.
- Leverage: Up to 1:2000, depending on the account type and trader’s experience level.
- Commissions: ECN accounts have low commissions starting at $2 per lot, while standard accounts have zero commission trading.
4. Account Types
RoboForex offers five different account types to suit various trading styles:
- Pro-Cent Account: Ideal for beginners, allows trading with cents.
- Pro Account: Standard conditions with no commission.
- ECN Account: Tight spreads and low commissions for professional traders.
- Prime Account: Best for high-volume traders with premium trading conditions.
- R StocksTrader Account: Specialized for stock and ETF trading.
5. Deposit and Withdrawal Methods
RoboForex supports a variety of fast and secure payment methods:
- Bank transfers
- Credit/Debit cards (Visa, Mastercard, UnionPay)
- E-wallets (Skrill, Neteller, WebMoney, Perfect Money)
- Cryptocurrencies (Bitcoin, Ethereum, USDT, etc.)
Withdrawals are processed within 24 hours, and some methods offer instant withdrawals with no fees on selected days.
RoboForex vs. Competitors
| Feature | RoboForex | Fxview | FP Markets | JustMarkets |
|---|---|---|---|---|
| Regulation | IFSC Belize | CySEC, FSCA | ASIC, CySEC, FSCA | FSA, FSCA |
| Leverage | Up to 1:2000 | Up to 1:1000 | Up to 1:500 | Up to 1:3000 |
| Trading Fees | Low | Very Low | Low | Low |
| Platforms | MT4, MT5, cTrader, R StocksTrader | MT4, MT5, cTrader | MT4, MT5, cTrader, TradingView | MT4, MT5 |
| Copy Trading | Yes | Yes | Yes | Yes |
| Minimum Deposit | $10 | $50 | $100 | $10 |
RoboForex excels in low-cost trading, automation, and high leverage, making it a strong competitor against major brokers. However, it lacks top-tier regulation, which may be a drawback for security-conscious traders.
Final Verdict: Should You Trade with RoboForex?
RoboForex is a feature-rich broker with diverse account options, low spreads, and multiple platforms, making it a great choice for both beginners and professional traders. Its copy trading, automation tools, and high leverage are standout features. However, the lack of tier-1 regulation may be a concern for those who prioritize strict oversight.
Recommendation:
- Best for: Traders seeking low spreads, high leverage, automated trading, and stock trading.
- Not ideal for: Traders who prioritize tier-1 regulation and enhanced security measures.
If you’re looking for a cost-effective and feature-packed broker, RoboForex is a strong choice. However, if stronger regulation is a priority, consider brokers like FP Markets or Fxview.
RoboForex
Zero Commission & Spreads from 0.0 Pips
Trade with ultra-low spreads and zero commission on key accounts. Enjoy leverage up to 1:2000 for maximum capital efficiency across forex, indices, and crypto.
