Since there is a big chunk of forex traders are available in the market, you will find many forex brokers as well. Every one of them is offering lots of features and advantages. Therefore, it is getting challenging to choose the best forex broker that can match up with your expectations.
I believe RoboForex is one of the few reliable forex brokerage platforms. The goal of this RoboForex review is to introduce you to their facilities that will create a significant positive impact on your forex trading journey.
So, let’s begin the journey to get a more in-depth idea about RoboForex that how it can be the best mate for every trader in the industry.
What is RoboForex?
RoboForex is another well-known forex broker in the trading industry that is founded in 2009. With a massive capacity and growth rate, the forex broker is running its activities in 169 countries.
Not just that, the company already gained interest and reliability from over 800,000 clients all over the world.
The RoboForex Group is currently responsible for RoboForex operation. IFSC is regulating the company under license number IFSC/60/271/TS.
Detailed Review of FBS
Indeed, this section will help you to understand the maximum feasibilities behind RoboForex’s acceptance. So, it would help you to find out what are values you will get on that platform.
At A Glance
RoboForex got people’s attention when they first announced that users would get up to a 50% bonus of your deposit, which is nearly 10,000 USD. Besides, there are flexible conditions while investing in indices. Let’s find out more about its facilities.
Trader Account Type
There are bunches of account opening options on RoboForex. You can trade with USD, EUR, CNY, and gold with the Pro-Standard, Prime, ECN-Pro, and Pro-Cent accounts. All of them will require at least $10 of the opening deposit. But the Prime account should have 5000 USD to start trading.
Make sure to catch up with the facilities of the R-Trader account also. It entails 100 USD to open an account. But remember, you can only trade with USD and EUR currencies.
Here on RoboForex, maximum leverage is 1:2000 for Pro-Cent and Pro-Standard accounts. ECN-Pro consisted of with1:300 of maximum leverage. For Prime clients, it’s 1:100. You can also hook up with the R-Trade account that is offered with up to 1:200 of leverage.
Both of the Pro-Standard and Pro-Cent users can achieve a spread that starts from 1.3 points. I would say the platform can be a good start for those who wants to get Prime and ECN-Pro because these have floating start points from 0 points.
And lastly, I highly recommend starting your trading business on RoboForex if you want to get more than 50% on your deposits. Plus, there is no commission on withdrawal whatever currency you are trading.
I always prefer trading with a broker that gives you the eligibility to hold minimum order volume. Indeed, that is the reason RoboForex caught my eyes when I started forex trading.
Minimum Order Volume
- 01 lots for Pro-Standard, ECN-Pro, and Prime accounts
- 1 Lot for Pro-Cent accounts
- 1 Stock for R-Trader accounts
Maximum Order Volume
- 100 lots for Pro-Standard accounts
- 50 lots for ECN-Pro, Prime accounts
- 500 lots for Pro-Cent accounts
- 2000 Stocks for R-Trader accounts
Available Trading Instruments
Another reason, it could be the best forex trader platform because of its access to a versatile and wide range of trading instruments. With the Pro-Standard account, you can trade up to 36 currency pairs, metals, and CFDs. The same limit goes for ECN-Pro and Pro-Cent account holders.
However, Prime users will be restricted to trade with up to 28 currencies and cryptocurrencies, metals, and CFDs. Here, I found the R-Trader account could be more beneficial since there are more than 11,700 trading instruments available for the particular account holders.
RoboForex is a quite user-friendly forex broker with its large number of trading platforms. You can choose to trade between MetaTrader 4, MetaTrader 5, cTrader, and R-Trader. Each of these comes up with different offerings. Let’s jump into them one by one.
MetaTrader 4 Platform
MT 4 is one of the most acquainted platforms in the industry. Nonetheless, to traders, it is the unquestionable leader right now. It is included with necessary features and tools for starter and pro traders. Advantages are –
- 3 categories of order execution
- 50 built-in indicators for analysis
- Graphical analysis tools
- Eligibility to program own trading robot
MetaTrader 5 Platform
If you are like-minded to adapt the utmost advanced terminal for trading, then MT 5 is the coolest platform to hope in. With the upgraded and distributed order execution technology, you can accomplish aspiring trading ideas.
It also helps you to create and trial trading plans and robots. Besides, the trading platform is the best suit if you are fond of speed and reliability. Advantages are –
- 4 categories of order execution
- Market analysis
- Multi-currency tester
- Trading flexibilities
- 6 types of pending orders
I will prefer only experienced traders to look for this platform. Because experience traders want more speed for order implementation. And they also require a vast range of unconventional instruments to succeed in trading. Advantages are –
- Level 2 pricing
- Built-in 54 upgraded indicators
- 14 timeframes
- Unique types of orders
- Customizable personal robot
- Advance market analytics
Web Platform for R-Trader
And lastly, RoboForex has a web platform that allows you to access global markets from only one account. With cutting-edge technologies and adaptive design, you can get access to any market analytics and build your own trading strategy. Advantages are –
- Easy to use
- Only 100 USD deposit requires to start
- Up to 1:20 stock leverage
- Improved watch lists
- Can build a trading robot
- Access to 11,700 instruments
Why You Should Trade With RoboForex
The first reason you should choose RoboForex is you will get 30 USD just after signing up. So, there is no risk with your money. What more can we expect from a forex broker? Besides, you will see a different bonus program in 365 days on RoboForex, which allows the users to grab maximum seasonal opportunities.
Reasons You Should Trade on RoboForex
- 30 USD bonus after sign up
- Leverage value up to 1:2000
- Up to 115% bonus
- Profit share bonus program
- Professional analytical service
- The payment process for multiple currencies
The best thing about RoboForex is there are lots of opportunities available for their clients across the year. You will get versatile and localized trading, cashback, easy to adapt trading conditions if trading with RoboForex. Definitely, that shows their concern about the traders who are investing their lifelong savings in trading.
I have tried to share those features, and my fractional thought about the platform that I have I experienced through my journey. For sure, the RoboForex review helped you to reach your decision. Let me know your view in the comment section. Good luck.
|Regulated By||CySEC, IFSC|
RoboForex Trading Features
Customer Support Languages
|Supported Trading||cTrader, MT4, MT5|