RoboForex Review 2024 & Detailed Trading Information

Founded in 2009, RoboForex is headquartered in Belize and regulated by the International Financial Services Commission (IFSC). In a show of good faith, Roboforex also provides all clients with negative balance protection and is a member of the Financial Commission, which provides protection of up to 20,000 EUR per trader. RoboForex also stands out for the number of financial instruments on offer, including over 12,000 stocks, 1,000 ETFs, 100 commodities, 40 Forex pairs, 26 cryptocurrencies, and indices. Support is offered for numerous trading platforms, including industry favourites such as MT4, MT5, and cTrader in addition to its intuitive and easy-to-set up R-trader. However, while RoboForex is a well-known broker with good standing, it does not hold a top-tier license. In this respect, HFM and AvaTrade have the advantage of being heavily regulated, also Education is rather basic and complete beginners might find HFM and FP Markets Education more suitable.

The RoboForex MobileTrader software offers a full range of trading tools, various order types, advanced charting, and technical indicators. Trade execution is fast, enabling traders to quickly react to market changes. Both the MT4 and MT5 apps are available for iOS and Android devices. However, it should be noted that certain automated trading features are more advanced in the desktop versions of MetaTrader. RoboForex is a well-regarded broker known for providing safe and highly favorable trading conditions. The low deposit amount and the wide range of trading instruments offered make Broker an appealing option both for beginner and advanced traders.

It’s a combination of video and text content; I think of this as having something for everyone and it’s in-depth. As a user of RoboForex, you’re entitled to certain bonuses depending on the account you use. It can be an indispensable tool for making trade adjustments, particularly during moments of heightened volatility. However, the app also feels cumbersome, and I found it unsuitable for price action examination.

1. Beginner traders should be aware that there is some loss in functionality when compared to the desktop trading platforms, including reduced timeframes and fewer charting options.
2. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.
3. CFDs are especially risky with 74-89% of retail accounts losing money due to high leverage and complexity.
4. A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates.

Traders can use these resources to learn how to identify trading opportunities, interpret price action, apply tight risk management, and more. It facilitates technical analysis by providing an overview of price action behavior. Chart artists use many analytical tools and chart configuration possibilities to examine it from multiple angles. In my experience, the really important aspect of a chart is how easy it is to scale price action up and down.

RoboForex has several retail trading accounts, including one account for stock trading and a cent account for algo testing. RoboForex charges below-average spreads on instruments like the German DAX 40 index, which are typically used for swing trading. The broker also offers intuitive market research tools, such as its historical volatility indicator. What prevented it from scoring higher is the lack of alternative contract types to CFDs, such as vanilla options. RoboForex stands out for its favorable prices and a choice of trading platforms, including MetaTrader 4, MetaTrader 5, and the broker’s proprietary R StocksTrader. It also offers copy and social trading solutions and impresses with the scope of its research and educational materials.

Roboforex’s customer support is excellent compared to other similar brokers. Other market analysis materials include an up-to-date ‘Forex Analysis and Forecasts’ section, a proprietary RoboForex Analytics Centre available only for RoboForex clients, an Economic Calendar, and a robust blog. The newer version of the MetaTrader platform suite, MT5 is being adopted by more traders all the time. MT5 incorporates all of the key features of MT4 and an optimised environment for EA trading.

1. The platform now offers over 12,000 instruments for trading, including more than 3,000 real stocks listed on NYSE and NASDAQ.
2. Except for the R StocksTrader account, which features more than 12,000 shares and share CFDs, RoboForex’s instruments offering is narrow and lacking diversity.
3. And when it comes to trading terms and conditions, RoboForex does make sure that you’re having the most lucrative trading session in the market, whether it’s because of its leverage or spread offers.
4. First, there is the RoboForex Welcome bonus of $30 for all those who joint the broker for the first time.
5. These findings show that RoboForex is a reliable, solid broker suitable for long-term cooperation and investment.
6. Since its inception in 2009, RoboForex has been gradually gaining popularity among Forex traders.

Customer Support Test

I rank RoboForex as one of the best brokers operational today, where the trade execution remains superb. 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. RoboForex MT4 desktop platform is very popular with its advanced charting options together with a great variety of robots and indicators to back any trading strategy.

Investing: Acceptable Choice

And, RoboForex has earned its name by doing exactly that for over a decade. RoboForex is definitely marketing its services very aggressively and this is a great time to switch gears to make RoboForex your preferred broker if you are already trading with another company. Also, we found the withdrawal processing time to be rather high compared to other brokers.

RoboForex Licenses

All support forms together with the website are multilingual and offer assistance to international traders 24/7. In the rare case when trader lives closer to the broker’s office they can also visit the RoboForex office. Then there’s a whole new trading platform, which is the ECN (Electronic Communication Network). It forms a direct connection between the traders and liquidity providers without the broker meddling.

Which MT4 and MT5 are quite famous for, especially essential for beginners but for traders at any stage too. The broker offers Market analysis, technical analysis, professional trading analytics, and a range of trading tools are available via the Members Area. All in all, the availability of large amounts of tradable assets at RoboForex enables traders to diversify and explore the market further.

She also writes weekly technical analyses and has tested and reviewed over 120 Forex brokers. Investing in assets such as stocks, bonds, cryptocurrencies, futures, options, and CFDs involves considerable risks. CFDs are especially risky with 74-89% of retail accounts losing money due to high leverage and complexity. Cryptocurrencies and options exhibit extreme volatility, while futures can also lead to significant losses. Even stocks and bonds can depreciate quickly during market downturns, and total loss can ensure if the issuing company fails.

For complete beginners we would advise or to opt for Brokers with good Courses https://traderoom.info/what-to-expect-from-roboforex-broker/ or check separate Forex education too. As a Forex trader, RoboForex offers a solid platform with various account types to choose from. The demo account was particularly useful for practicing strategies before committing real funds. The MT4 platform runs smoothly, and downloading the MT5 version was hassle-free. I’m pleased with the competitive spreads and the leverage options available.