RoboForex Review 2023 Fees, Platforms, Apps, Pros & Cons

In terms of payment methods, they offer more options such as credit/debit cards and e-wallets, while FXPrimus only offers a bank transfer. MetaTrader 4 (MT4), the globally renowned trading platform, is accessible at RoboForex. By using this user-friendly platform, traders are sure to have an enjoyable and successful experience as it grants them access to top-of-the-line charting tools and technical indicators. RoboForex offers a range of retail investor accounts for traders, including the popular MetaTrader 4 and 5. They also have cTrader and the R Trader platform, as well as their own proprietary CopyFx platform which allows traders to follow expert traders without having to do any work themselves. With this copy trading tool, you can easily attain financial success by simply emulating the strategies of proven professionals!

Of the 1,218 Roboforex reviews on Trustpilot, RoboForex receives a “Great” rating, with an average of 4.4 out of 5 stars. Plus, the CopyFx platform is a great way to automate trading and profit from the work of others. If you want to refer people to them, you can easily do so by sharing the link from your own trading account. RoboForex has an affiliate program for those who want to earn extra income by referring new clients to the broker. We’ve used Roboforex with many trading strategy bots and EAs for several years now and found them to be very reliable and trustworthy. However, they should keep in mind that high leverage also increases their risk level, as any losses will be amplified.

They also offer traders a civil liability insurance program that provides financial compensation for up to €2,000,000 in case of any losses due to negligence or fraud. RoboForex also offers a loyalty program that rewards traders for their long-term investing. This program has four levels, each with its own benefits and rewards.

• Roboforex are held accountable for their actions and may face severe consequences if they violate any financial regulations.
• The charges for withdrawals depend on the payment method selected.
• This account is the most popular of all offered by RoboForex and offers optimal trading conditions suitable to both beginners and experienced forex traders.
• RoboForex adheres to a commendable transparency in its fee structure, ensuring traders can anticipate and strategize their investment actions without undisclosed costs lurking in the shadows.

To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by Roboforex terms and conditions. It’s important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them. Please be aware that trading in financial assets with Roboforex carries a risk of loss. Roboforex trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex, CFDs due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.

Deposit Methods

Note detailed contract specifications can be found on the broker’s website. Buy real stock equities or trade via CFDs – with DMA to the NASDAQ. Thousands of shares are available and you can use the free robot builder to automate strategies. They have very fast execution times and work very well with EAs for automating forex scalping. As a beginner in forex trading, it is recommended to start with a small amount of capital.

Apart from stocks, you can also trade indices, forex, ETFs, CFDs on Metals, CFDs on Oil, and Cryptocurrencies. The web trader platform has an easy-to-use interface for beginners and professional traders to customize different features to their tastes. Mobile Trading PlatformsRoboForex respects the widely spread mobile devices and therefore offers its customers to access mobile applications of MetaTrader 4, MetaTrader 5, cTrader, and R Web Trader also.

The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. They are one of few brokers who support crypto accounts, along with Hugos Way and KOT4X. You can access the global cryptomarket with Cryptoindexes, Crypto.TOP and Crypto.ALT. When buying Cryptoindexes, you are investing in the growth of the whole cryptocurrency market, rather than just individual instruments.

• MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts.
• As we explored RoboForex, several features stood out to our team of expert traders.
• When you have shortlisted a few potential CopyFX traders that match your investment strategy, setting up copy trading can be done in a matter of seconds.
• For instance, using CFDs, you use the Roboforex trading platform to buy/sell $10,000 worth of Apple Computer Inc.

When you have shortlisted a few potential CopyFX traders that match your investment strategy, setting up copy trading can be done in a matter of seconds. Each CopyFX trader charges differing fees, usually a % of any profit they make you. Also, CopyFX traders have a minimum deposit requirement that you must meet to copy their trades. Check you are happy with all the terms and set your trading limits. As a result, selecting the right trading platform like Roboforex requires a deep understanding of the market, trading strategies, and platform functionality.

RoboForex Deposit and Withdrawals

It allows the trading of stocks, forex, ETFs, indices, soft commodities, metals, energies, and cryptocurrencies. It also allows multiple payment methods, including bank transfers, debit/credit cards and digital wallets. Online reviews of RoboForex show that it is one of the best brokers for beginners.

RoboForex CopyFX Leverage Trading

You will constantly be aware of the market position, will be able to conduct trading activities, and will be able to trace the history. Download the portable version of MetaTrader 5 to your mobile device and trade from any convenient location – the terminal will always be with you. In accordance with our research, RoboForex is a broker licensed and regulated by the IFSC. In order to be sure that RoboForex is not a scam, read our trader reviews and check other popular trading related websites and forums. Overall RoboForex is a good broker for all levels but their zero-spread ECN accounts and RAMM platforms will be particularly attractive to professional traders.

There are a number of trusted brokers available, such as RoboForex, that offer traders a secure and regulated environment. It is recommended to research the different brokers available to find one that meets your individual needs. Their mobile trading app offers full access to all web-based platform features and enables on-the-go account management. RoboForex also offers an account protection service, which covers traders in case their accounts are hacked or compromised. This service is free of charge and can help to minimize any losses the trader may incur. They also accept payments in various currencies such as USD, GBP, EUR, RUB, CAD and AUD.

My experience with roboforex is…

Customer service is not immediate but the best that you can get and they won’t leave you unseen. I am currently testing Roboforex, the deposit is fast but I have not yet made a withdrawal. Customer support via chat or Telegram is quite responsive, I don’t have to wait long. I will come back to add an additional star when I have completed 4 weeks of trading and a quick withdrawal. Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe,
Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting,
and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities.

Roboforex MetaTrader 5 Advanced Trading Tools

RoboForex collects low commissions, making it one of the best forex brokers in this regard. The commission is even better on the Prime account, where the commission is 50% lower, i.e. $1. For equity traders, the broker receives a $200 commission for every $1,000,000 in volume in the ECN account, and $150 on the Prime account. Spread is the difference between the bid and ask price of a financial instrument.

Copying the trades of a CopyFX trader with a max drawdown over 50% is considered high risk. CopyFX trades with a max drawdown of around 30% are considered moderate risks. These values are roboforex review just indicators; you must do your due diligence regarding the real risk levels. If you want to trade currency pairs on global Forex markets, Roboforex offer over 35 currency pairs.

Does RoboForex have a demo account?

However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders. CopyFX is the social trading platform on RoboForex that allows you to copy trades of successful traders. All you have to do is register, specify your investment amount, and either copy someone’s trades or share your trading strategies with others.