RoboForex Review 2022 Is RoboForex Scam or Legit Broker

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minimum deposit

Further details and restrictions can be found on the website. RoboForex mobile tradingAll platforms are available in 22 languages for both iPhone and Android users. Overall, users will find the most positive online reviews for the MT4 and MT5 mobile apps. MetaTrader – MT4 and MT5 users enjoy the same technical features as desktop apps, including customisable charting tools, full trading history, and access to trading robots. The same members client login area is available on mobile platforms. Pricing depends on the account you choose but spreads are fairly competitive vs brokers such as FBS and FXTM.

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A violation of the rules would mean an immediate loss of the license. We have scanned fees that RoboForex charges when trading popular currency pairs, here is their breakdown in pips. RoboForex is a regulated broker with a responsible attitude to the safety of clients’ funds, operates within the framework of all regulatory and legislative documents and strictly adheres to the AML policy.

My Go-To Broker: Fast & Supportive

6 of accounts are open to clients and they range from a minimum deposit of 10 USD/10 EUR/100 CNY to 5,000 USD. The website mentions that the broker has 800,000 clients in 169 countries. It should not come as a surprise that this Forex broker offers traders the ability to trade Forex with their smartphones. In recent years, trading with mobile phones has become increasingly popular.

Both of these regulatory frameworks are dedicated to making the market safer for traders. No matter where you are, you can be sure that the broker keeps your funds safe on segregated bank accounts. As of today, the number of available trading instruments is at 12,000. In the beginning, the broker offered just a few hundreds of trading assets to traders. Over the last decade, the broker has received as much as 20 awards from industry-leading companies and was named as one of the best operators many times. There is a very high degree of risk involved in trading securities.

  • You can trade cryptocurrencies 24/7, with a minimum deposit of just $10.
  • To do this, you should check your mailbox and make sure you received an email from RoboForex.
  • As you can understand from the previous paragraphs, all the accounts that can be opened in this web broker offer Bitcoin among the Forex trading options.
  • In recent years, trading with mobile phones has become increasingly popular.

The commission-free Pro account features an average spread of 1.4 pips or $14.00 per standard lot. RoboForex shines brighter in its commission-based options, where it ranks among the cheapest brokers. The ECN account shows an average spread of 0.1 pips for a commission of $2.00 per lot, bested in the Prime account, where the commission drops by 50% to $1.00. Equity traders pay $200 per $1,000,000 in volume in the ECN account and $150 in the Prime account, which is in the higher tier of the competitive range. I rank RoboForex as one of the best brokers operational today, where the trade execution remains superb.

It makes RoboForex the only broker offering all three pillars of a well-regulated trading environment where most offer only one or two. Only concern arise when they change something without notice and unprofessional feedback to clients. The only disadvantage, and huge one, is that you MAY have chance 2 times per month for a free withdraw, and the amount is strictly limited. Considering almost every broker allows unlimited free withdraw. This makes me really nervous and I am seriously considering moving away from roboforex. 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.

Demo account

It is also not advisable to work with a broker that has a license from a regulator that is not in the top two tiers. The lower-grade regulator does not provide much scrutiny concerning those they license and do not engage in oversight or deal with consumer complaints efficiently. Therefore, it can be almost as bad as working with a broker with no license. Look at Roboforex’s license and ensure it is up-to-date and from a reliable regulator. If you have any questions about which regulators are the most trustworthy, consult with our experts. We also use different external services like Google Webfonts, Google Maps, and external Video providers.

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The negative reviews here are weird in the sense that most of them are from people that didnt read TOS or don’t understand the broker policies. I’ve used this broker for 5 years now, and they have yet to disappoint. The secret of how to make money in the stock market or in Forex trading is one well kept by specialists, if any. That is why it is best to invest through a safe and experienced broker like RoboForex.

RoboForex Review Conclusion

When copied limefx open or close trades, followers have 100% flexibility on whether to copy the trade immediately or not. The option to trade shares via both traditional methods, but also via CFD derivatives, offers traders more flexibility than they will get anywhere else. The brand have a global presence, delivering tailored solutions, from copytrading, to crypto deposits, Roboforex meet the needs of their customers. RoboForex always welcomes their clients via a 30 USD welcome bonus. Both MT4 and MT5 offer one-click trade execution, algorithmic trading, fundamental analysis, and the MetaTrader market. After conducting some research on various social media platforms , as well as online trading forums, a general theme emerged where users were dissatisfied with their experience with RoboForex.

negative balance protection

Brokers that offer forex trading to retail clients in the U.S. must maintain at least $20 million in regulatory capital as a Retail Forex Exchange Dealer with the Commodity Futures Trading Commission . For deposits, you can utilize debit/credit card payments, a bank transfer deposit, as well as an array of e-wallets such as Skrill, Neteller, POLi, Fasapay, and so on. The minimum deposit is favorable, especially since most of the other brokers set it at $500 or so. No, traders from the USA cannot sign up for a live trading account. Clients from Canada, Japan and Australia are also unable to register for a RoboForex account. Islamic swap-free accounts are also available, as well as investment solutions using CopyFX and RAMM platforms, supporting investment in both short-term and long-term trading strategies respectively.

Client support

Pepperstone – Pepperstone offers CFD trading to both retail and professional traders. Clients can trade FX, indices, commodities and shares on MT4, MT5, cTrader and TradingView platforms. Technical Analysis is the world’s most successful and popular method of trading the markets.To do this you need a lot of different tools. The trading platforms come with an oversupply of indicators, drawing tools, and settings at the start. Thanks to the candlesticks, you can see, for example, high, low, opening, and closing prices in a certain period of time.

money when trading

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Here’s how RoboForex fares in providing clients with the most common types of educational content. 92% of the brokers in our database (60+) offer Visa/Mastercard, 78% offer Skrill, 71% offer Neteller, and 43% offer PayPal. PayPal has become a popular funding option for many forex traders – find out which brokers support it as a payment method by reading our PayPal guide for forex traders. Traders are constantly on the hunt for low-cost forex brokers – you can learn more about low-cost forex trading by checking out our guide to zero-spread forex brokers.

There are several types of accounts that you can create at RoboForex. This includes regular trading account, Cent account, ECN account, Prime account, Demo account, and Islamic account. This Forex broker has something for every type of trader. The Forex broker also is a part of the Compensation Fund.

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Also, benefit from fast order execution and deep pool liquidity. The most popular account type in RoboForex is the pro-standard account, which opens the game for both professional and less experienced investors. It offers the same trading options as the ETN account, with more platforms available and welcome bonuses.

To that, we can very proudly say that RoboForex is a legit broker. You can start investing in CFDs on more than 25 cryptocurrencies. It includes Bitcoin, Dash, EOS, Ethereum, Litecoin, Ripple, and others. You can trade cryptocurrencies 24/7, with a minimum deposit of just $10. You can trade cryptocurrencies against fiat currencies, such as BTC/USD and ETH/USD among others. A vital part of any trader’s experience, a broker’s trading platform can make or break any trading experience.

If your broker lacks regulation, and you are scammed in any way, you often have no recourse for recovering your funds. That being said, not all regulator licenses carry the same weight. There are various account types and features – the image below summarizes them in detail.

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Of which my lawyer is contacting Interpol and my lawyer asked me to contact this Mr. Tem B. Please create a withdrawal request only to your AstroPay account, after the request will be executed, your members area will be blocked. If you have any doubts, please contact our round-the-clock Support Service for assistance, or you can also send an E-mail to Yet, check carefully since some of the methods apply an additional fee for withdrawal, e.g. Skrill and AdvCash add on a 1% processing fee, while Visa withdrawal adds 2.6% +1.3USD.

An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. With that said, the broker does receive mixed reviews on websites such as Trustpilot. As an “A” category member of the Financial Commission, RoboForex Ltd is a participant of the Compensation Fund, which provides protection up to €20,000 per case. Pro-Cent and Pro-Standard new account users receive a welcome bonus of 30 USD after depositing a minimum of 10 USD via bank card.

The Roboforex spreads are designed at the levels of accounts you use, which means that the higher your account is, the better spread offering is included. We also recommend considering a rollover or overnight fee as a cost. All contents on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalised advice before you make any trading or investing decisions. may receive compensation from the brands or services mentioned on this website. Skilling – Skilling are an exciting brand, regulated in Europe and beyond, offering 900+ instruments and spreads from 0.1 pips.

The flexible system features netting and hedging capabilities, Market Depth, 4 types of order execution, 6 types of pending orders, and dozens of technical indicators and graphical tools. There are good platforms and number of property and accounts with numerous choices both by way of robotic programs or funding, in addition to powering buying and selling by the facility of developed instruments. With a large selection of products and trading platforms, the provider is well-positioned for online trading and stands out from most competitors. The trading fees are very low and you get a quick and direct execution. Also, the bonus program is highly recommended and can generate for you additional income. Another great bonus is the Cashback program from RoboForex.

  • While conducting our evaluations of online forex brokers, we’ve collected over 360 data points that track the research-specific features that are most important to traders and investors.
  • The secret of how to make money in the stock market or in Forex trading is one well kept by specialists, if any.
  • In the beginning of this Roboforex review, let’s just say that it is a brokerage company established in 2019 and provides services to financial markets in 169 countries, with more than 3.5 million users.
  • One of the biggest advantages of this Forex broker is the amazing trading platforms that it offers to retail traders.
  • Pepperstone – Pepperstone offers CFD trading to both retail and professional traders.

RoboForex is also home to one of the most intuitive proprietary web-based trading platforms, with full support for algorithmic trading. It includes a strategy builder, allowing traders to program automated trading solutions without needing to code. We learned that RoboForex’s flexibility in terms of platforms, currency pairs, and a number of provided solutions is another key advantage to its positive side. The broker offersgood educational materials and research tools suitable for traders of different levels. Concluding the RoboForex review, we admit a safe broker offers quality trading solutions. RoboForex provides expanded trading strategies and a certain way of dealing with markets and traders that gained a reliable and respected reputation.

Cent and Standard users can also benefit from the 60% Profit Share Bonus, as well as up to 120% on deposits by claiming the Classic Bonus. The tool has proved very popular, with the CopyFX Profibot system the most researched. RoboForex cTrader Web platformThe platform can be downloaded or accessed straight from a browser. You will always get special promotions and contests from them.