Roboforex Review 2020

Roboforex Rated 4/5
Roboforex Review Screenshot

Roboforex Guide - Read our In Depth Roboforex Review

This Roboforex review was written by industry experts with over 20 years of financial experience in Forex, CFDs.
The content in this Roboforex review does not apply to US users.

What is Roboforex?

Roboforex are an a global online financial trading platform and multi asset broker founded in 2009

Over 11 years later Roboforex has grown to offering retail investors Forex trading, and CFDs trading.

Roboforex are a global broker and have a head office in Cyprus.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

We will dive deep in this Roboforex review and assess how well the Roboforex platform functions in its role as an international multiple financial asset trading platform for traders in 2020.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like Roboforex can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of Roboforex we breakdown the pros and cons. What Roboforex are able to offer, what countries Roboforex are available in. Who Roboforex are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this Roboforex review useful.

This review of the Roboforex platform is very detailed. If you are interested in trading with Roboforex in any capacity please take the time to read and research the whole Roboforex review.

We have tried to explain the ins and outs of financial trading through the Roboforex platform as plainly as possible so that you the trader are as informed as possible before you start to use the Roboforex trading tools and depositing and withdrawing funds from Roboforex.

Benefits of trading with Roboforex

Open Roboforex's Website

Losses can exceed deposits

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with Roboforex like Forex trading, and CFDs trading. you should have confidence in Roboforex and know that the management of your financial investments on the Roboforex platform is in good hands.

At the bottom of this Roboforex review you can also learn about some pretty good alternatives to Roboforex

With this Roboforex review we hope to help you see if Roboforex is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Roboforex that will help you get off to a good start in the world of online trading.

Roboforex Review Table of Contents

Roboforex review
Roboforex is a Multi-Assets Trading Platform with over 100+ Assets

Learn more about Roboforex. Roboforex is a multi asset platform with 100+ tradable Assets. Assets available on Roboforex include Forex, CFDs.

Roboforex trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex, CFDs are considered financial assets.

Roboforex review
Features of Roboforex

Roboforex review
What you should know

Roboforex offer two ways to trade: Forex, CFDs.

With Roboforex you will need a minimum deposit of $1. You can sign up for a demo account to acquaint yourself with Roboforex platform.

Roboforex are able to accommodate various levels of traders whether you are experienced or a beginner.

Roboforex review
Are Roboforex safe?

When choosing a broker like Roboforex the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2009, and in operation for 11 years Roboforex have a head office in Cyprus.

Roboforex is regulated. This means Roboforex are supervised by and is checked for conduct by the Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Roboforex, this will be honored. If Roboforex violate any regulatory rules their regulated status could be stripped.

Roboforex review
Is my money safe with Roboforex?

Any payments funded to Roboforex accounts by traders are held in a segregated bank account.

For added security Roboforex use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

What are Tier 1 banks and why should Roboforex use them?

A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.

What does it mean to have your funds in Roboforex deposited in a Tier 1 bank?

Having any money you deposit with Roboforex means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if Roboforex goes out of business for some reason.

Therefore, we can safely conclude that Roboforex is secure and safe.

That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.

While trading in financial investments, losing money rapidly due to trading Forex, CFDs is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. Roboforex also clearly state on their platform that Losses can exceed deposits.

Now that we have answered some important questions regrding Roboforex. let us look at the Roboforex features in more detail.

Try creating two accounts when you are working with Roboforex. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit Roboforex

Losses can exceed deposits

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How Roboforex as a Company Compare Against Other Brokers

Broker Roboforex eToro IC Markets XTB
Year Established 2009 2006 2007 2002
Head Office Cyprus Cyprus, UK Australia Poland
Regulation Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)
Used By 10,000+ Roboforex users 12,000,000+ eToro users 60,000+ IC Markets users 250,000+ XTB users
Negative balance protection No Yes Yes Yes
Guaranteed Stop Loss No No No No
Learn More Visit Roboforex Visit eToro Visit IC Markets Visit XTB
Risk Warning Losses can exceed deposits 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Roboforex review
Roboforex Pros and Cons

What we like about Roboforex

  • Used by over 10,000 Roboforex users and traders
  • Established in 2009
  • Regulated by Cyprus Securities and Exchange Commission (CySEC)
  • Min. deposit from $1

What we don't like about Roboforex

Roboforex review
Roboforex Regulation and Licensing in more detail

We have checked and Roboforex is regulated and supervised by reputable organisations. You are able to check every Roboforex supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with Roboforex. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect Roboforex traders and provide a safe trading environment.

Roboforex is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as Roboforex you should be sure they're legitimate online agent.

Roboforex review
Is Roboforex Global?

Yes, Roboforex is global as Roboforex is available in over 193 countries.

Roboforex is a global trading platform in the sense that it operates in 193 nations including nations in Europe, Asia, Oceania, and Africa. Major countries Roboforex covers include the UK, Germany, Australia, South Africa, Thailand, the United States and China. Roboforex has a total of more than 10,000 users. Commendable figures from Roboforex.

Roboforex review
Roboforex Awards

Roboforex have won numerious industry awards over the 11 years they have been operating as a financial broker. We list the most notible awards and mentions for Roboforex below.

  • Best Global Forex 2019 Award winner
  • Manchester Investor Show Best Crypto Broker Winner 2018
  • London Investor Show Safest Broker 2018
  • IAFT The Best ECN Broker 2016
  • Fastest Growing Forex Brand Asia 2014
  • Best Standard Forex Broker Award in 2014
  • Best ECN Broker Award in 2013
  • Best Forex News and Analysis Provider Award in 2013
  • Best Retail Forex Brand in Russia Award in 2013
  • Best Retail Forex Broker Award in 2013
  • Best Execution Broker in Eastern Europe Award in 2013
  • Fastest Growing ECN Broker in Eastern Europe Award in 2012
  • Best Forex Broker for Automated Trading Award in 2012
  • Best Broker for Forex Robots and Advisors Award in 2012

Roboforex review
Roboforex Fees Explained

  • Roboforex withdrawal fees varies on payment method
  • Roboforex does not charge a fee for inactive accounts.
  • Roboforex doesn't charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company, brokers may charge clients various fees.

How Roboforex Fees Compare Against Other Brokers

Broker Roboforex eToro IC Markets XTB
Min Deposit 1 200 200 0
Withdrawal Fees Yes Yes No varies
Inactivity Fees No Yes No No
Deposit Fees No No Varies No
CFD Commission Fees No No Yes Yes

Roboforex review
Roboforex Minimum Deposit

Roboforex require a minimum desposit of 1 GBP/USD when opening an Roboforex trading account.

A minimum deposit is the minimum amount of money required by Roboforex to open a new online brokerage account with them.

Dont be scared off by brokers like Roboforex charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

Roboforex review
Roboforex Withdrawal Fees

Roboforex withdrawal fees vary depending on your selected withdrawal payment method.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees and processing times.

Roboforex for example allow you to withdraw your funds to a Payoneer account, a Neteller account, a UnionPay account, and a bank account via a wire transfer.

Roboforex review
Roboforex Inactivity Fees

Roboforex does not charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

Roboforex review
Roboforex Desposit Fees

Roboforex does not charge deposit fees.

Some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

Roboforex review
Roboforex Commission Fees

Roboforex does not charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

Roboforex review
What can you trade with Roboforex?

Be aware that Different entities under Roboforex Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

You can trade a wide variety of instruments with Roboforex over 100 instruments infact.

If you are looking at trading currency pairs Roboforex offer over 35 currency pairs.

Compare Roboforex with eToro and IC Markets below.

Losses can exceed deposits

How Roboforex Trading Options Compare Against Other Brokers

Broker Roboforex eToro IC Markets XTB
Instruments Available 100 2000 232 4000
Platforms MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 35 50 65 50
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs Yes Yes Yes Yes
Exotic Forex pairs Yes Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs        
Commodities Offered 0 0 19 21
Metals Yes Yes Yes Yes
Energies No Yes Yes Yes
Agricultural No Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 0 957 100 1696
UK Shares No Yes No Yes
US Shares No Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit Roboforex
Losses can exceed deposits
Visit eToro
71% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit XTB
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Roboforex review
Trading on Roboforex web platforms and other applications

Roboforex is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here.

Roboforex is one of a handful of brokers that offer the cTrader platform developed for traders. For a list of forex brokers that offer the cTrader platform, check out our comparison of MT4 brokers.

An Roboforex IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device

Roboforex also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.


See Roboforex's platforms

Roboforex review
Is the Roboforex Trading Platform Secure?

Roboforex safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. Roboforex also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating Roboforex.

Roboforex review
Roboforex Trading Platform Options

Once you have logged into your Roboforex account you will see the below trading platform options available to you.

  • MetaTrader 4 (MT4)
  • MetaTrader 5 (MT5)
  • cTrader

Lets explore each of these trading platforms in detail and what options Roboforex gives you.

Roboforex review
Roboforex MetaTrader 4 (MT4)

Roboforex MetaTrader 4

MetaTrader 4 also known as MT4 is the number one trading platform on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to ful fill all of your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.

Understand that the MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements with Roboforex. You can learn more about the MT4 Platform here.

You can start using the MetaTrader 4 platform with Roboforex in multiple formats including through an online web platform, Through a downloadable application for Windows PC's and Apple Macintosh computers. Roboforex MetaTrader 4 is compatible with the latest macOS Mojave. Roboforex allows traders to trade on mobile devices through Android and IOS devices like the iPhone.

Metatrader 4 Webtrader on Roboforex

MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators. You can enjoy our Raw Pricing trading environment without a Dealing Desk from anywhere in the world.

Trade Roboforex MetaTrader 4 on IOS Devices

You can download the Roboforex app or also trade with Roboforex through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program for free of charge from Apple's App Store. IC Markets customers have instant access to this Financial markets, with the ability to completely manage a Portfolio on the go.

Trade Roboforex MetaTrader 4 on Android Devices

Andorid mobile devices and tablets are used by millions of people globally. Roboforex provides its clients access to the MetaTrader 4 platform on Android supported devices so that customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android Roboforex MetaTrader 4 Android application enable traders to make the most of multiple advanced trading features which enables them to monitor and trade Forex quickly on the go, simply and securely.

Trade Roboforex MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators is a Bundle of three Major indicators including:

  • Analyst Perspectives - A go-to resource for leadership and key levels.
  • Adaptive Candlesticks - Identifies chart patterns which illustrate important changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Much like MACD however useful at shorter lengths and provides more timely signs.

Roboforex MetaTrader 4 Advanced Trading Tools

The Roboforex advanced trading tools for MetaTrader 4 are aimed at improving the total trading experience and providing traders with a competitive advantage. Roboforex offers access to 20 exclusive tools which includes feature rich trade execution & management programs, sophisticated notification alarms, messaging facilities, innovative market data & more.

Trade Roboforex MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal provides a intuitive easy to use dashboard where traders can administer and supervise several trading accounts. MultiTerminal will let you manage over 100 Accounts simultaneously allowing you to place market orders, pending orders, view live market prices and track all accounts and equity at real time. All Trading accounts must be in on the same MetaTrader server. MultiTerminal doesn't support Automated Trading scripts like Expert Advisors.

Roboforex MetaTrader 4 & MetaTrader 5 AutoChartist

Roboforex Autochartist provides the world's first Market Scanner available for MT4 & MT5 using a non-trading Expert Advisor script. Scan markets for trading opportunities while viewing all symbols and time intervals from a single graph. Gone are the days of launching a lot of graphs on which you can't remember which currency you're taking a look at. Autochartist offers a simple user interface that can be customized to suite how you like to trade.

Roboforex review
Roboforex MetaTrader 5 (MT5)

Roboforex MetaTrader 5

MetaTrader 5 also known as MT5 is a multi asset trading platform that provides a wide range of trading features and financial research tools, MT5 also allows the use of automated trading systems (trading robots) and copy trading. New features like additional timeframes and advanced charting tools can give you a competitive advantage in the financial markets.

MetaTrader 5 was released in 2010 and is the updated version of MetaTrader 4.

MetaTrader 4 was built specifically to trade Forex and CFDs, MetaTrader 5 on the other hand facilitates trading of Forex, Futures, Stocks, Algorithmic Trading, ETFs and Indices.

IC Markets MetaTrader 5 Instruments

IC Markets MetaTrader 5 Charting

You can learn more about the MT5 Platform here. You can also learn more about the differences between MT5 and MT4 here.

Trade Roboforex MetaTrader 5 WebTrader

Access your Roboforex MetaTrader 5 accounts from any web browser. It features a huge range of tools like additional timeframes and the most up to date technical indicators to give you all the trading resources you need to trade on and analyse the financial markets.

Roboforex review
Roboforex MT5 Buying and Selling

IC Markets MetaTrader 5 Buying and Selling

Roboforex MetaTrader 5 on IOS Devices

Roboforex MetaTrader 5 Can Operate on the and newer IOS devices like the iPhone and iPad. MetaTrader 5 requires a mobile internet connection or a connection to Wi-Fi. It's suggested that you upgrade the IOS MetaTrader 5 app regularly. New versions provide improved functionality and increased stability. Roboforex MetaTrader 5 allows traders to look at market statistics of financial instruments traded in the market execution mode.

Roboforex MetaTrader 5 on Android Devices

MetaTrader 5 for Android may be used on a Android smartphone or a tablet powered by the Android 5.0 or higher operating system. Additionally, to connect to Roboforex trading server. Take the time to understand all of the Android MetaTrader 5 features. With Metatrader 5 for Android you can trade a selection of financial instruments at any time, in any place.

Roboforex Metatrader Mobile Application Features

MetaQuotes the developers of Metatrader have listened to the feedback of their millions of users and have built the most popular mobile trading platform in the world. MetaTrader features include :

  • Financial instrument quotes
  • View in depth price charts of financial instruments
  • Manage trades and open positions
  • View your trading history
  • View market news
  • MetaTrader internal messaging
  • View and research market statics of Roboforex financial instruments
  • Position opening and closing
  • Lookup symbols in the quotes section
  • Display of deals on graphs
  • Timeframe selection for graphs and charts
  • Additional vertical scaling of graphs
  • Capability to transfer accounts to other devices using QR codes
  • Information is available only if it's supplied by Roboforex
  • Access the OTP generator through FaceID or fingerprint

Roboforex MetaTrader 5 Advanced Trading Tools

Roboforex MetaTrader 5 has many advanced trading tools for the more advanced users. Understanding these tools can give you a competitive edge.

  • Depth of market bids and asks
  • Price Data
  • Margin Calculation, Futures, Forex
  • Advanced Techincal Analysis
  • One click trading
  • Spreads
  • Futures
  • Trading Reports

Roboforex review
Roboforex cTrader

Roboforex cTrader

CTrader is a comprehensive trading platform solution for Forex and CFD brokerages to provide to their traders. The platform is packed with a complete variety of features to cater to each and every investment taste imaginable.

The cTrader Premium Charting and Manual Trading Platform available on Roboforex

cTrader is a top multi-asset Forex and CFD trading platform. cTrader offers advanced order types, charting tools, amount II pricing, and quick entry and execution. Using a amazing looking layout and dashboard, it is linked to state of the art infrastructure, that can be accessed from many devices.

IC Markets cTrader

cTrader Copy available on Roboforex

CTrader Copy empowers everyone on the platform to share their investment strategy and to share their trading strategy for a fee or commission. Other dealers can search and replicate the approaches available, and revel in a commitment-free investing. Furthermore, traders can use their own risk management configurations.

IC Markets cTrader Copy Trading

cTrader Automate available on Roboforex

CTrader Automate provides traders the ability to create algorithmic trading robots to automate financial trading plans. Dealers can use cTrader's contemporary C# API to write code within the IDE, the IDE allows developers optimize and test their financial robots.

cTrader Open API available on Roboforex

Build your own software using cTraders Open API. It is a free, secure and publicly available API for all. Developers can take advantage of cTraders mature infrastructure to construct desktop, mobile and online software. The open API allows developers to interact and interface with any cTrader account.

You can learn more about the cTrader Platform Here.

Roboforex Trading benefits :

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

Roboforex Trading Accounts Offered :

  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • STP account
  • Islamic account

Can I try Roboforex before I buy?

Roboforex offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Losses can exceed deposits

Roboforex withdrawal and funding methods.

Please note that the list of payment methods below depend on the Roboforex Entity and the Clients Country of Residence.

Roboforex offer the below funding payment methods. learn more about Roboforex

  • Credit cards
  • Bank Transfer
  • Payoneer
  • Neteller
  • UnionPay
Broker Roboforex eToro IC Markets XTB
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer Yes No No Yes
Neteller Yes Yes Yes Yes

How can I start trading with Roboforex?

When opening a trading account with Roboforex, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Roboforex trading platforms here.

Losses can exceed deposits

Performing trades with Roboforex

Roboforex allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. Roboforex allow you to execute a maxium trade of 100 Lot. As Roboforex offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the instruments.

Roboforex Leverage and Roboforex CFDs Explained

let's take a look at some of the basics of using Roboforex leverage.

Roboforex offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

Roboforex leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the Roboforex trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The Roboforex leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

Roboforex CFDs are typically used for short to medium term trades. For example Roboforex intraday trading.

Limit Risk When Trading with Roboforex Stop Loss, Roboforex Stop Limit Orders

A stop-loss order is an order placed with a broker like Roboforex to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position.

Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage. Circumstances differ depending on the trade and the markets.

Education resources at Roboforex

To trade effectively with Roboforex, it's important to get a have a good understanding of the Roboforex trading tools and the markets.

Roboforex offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Roboforex.

Take time to look around the Roboforex platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at Roboforex

Roboforex support a wide range of languages including English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian

Roboforex have a double AA grade support rating because Roboforex offer live chat and email support in multiple languages.

Livechat Support at Roboforex

Roboforex does not offer LiveChat Support.

Email Support at Roboforex

We sent several emails to Roboforex and answer times overall were excellent. The fastest response from Roboforex was less than 15 minutes and the slowest response was 7 hours. Support response times may vary for you with Roboforex, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall very good email support from Roboforex.

Phone Support at Roboforex

We called Roboforex and the call was answered very quickly. The call was answered in less than 5 minutes.

The Roboforex phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual Roboforex team by calling in varying languages. Roboforex made an effort to make sure our queries were answered.

Overall great phone support from Roboforex.

See how Roboforex Support Compares Against Other Brokers

Broker Roboforex eToro IC Markets XTB
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian English, German, Spanish, French, Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Learn More Visit Roboforex Visit eToro Visit IC Markets Visit XTB
Risk Warning Losses can exceed deposits 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What you will need to open an account with Roboforex

As Roboforex is regulated by Cyprus Securities and Exchange Commission (CySEC), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under Roboforex Brand may be different.

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore Roboforex's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Roboforex you can visit the Roboforex trading platform here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from http://www.roboforex.com/ on October 23, 2020.

Roboforex review
Watch this Roboforex Explainer Video

Roboforex review
Is Roboforex A Good Broker?

We spent over 3 months examining Roboforex in depth. Although Roboforex are not perfect we found many really useful aspects with the overall offering from Roboforex. Our personal experience of trading with Roboforex was very good. Weighing up many points Roboforex is a good broker.

  • Roboforex have a good track record of offering Forex, CFDs.
  • Roboforex has a history of over 11 years.
  • Roboforex has a reasonable sized customer support of at least 10.
  • Roboforex are regulated by Cyprus Securities and Exchange Commission (CySEC). This means Roboforex fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • Roboforex have regulation from a Tier 1 reputable country.
  • Roboforex has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • Roboforex have an international presence in multiple countries. This includes local Roboforex seminars and training.
  • Roboforex are able to hire people from various locations in the world who can better communicate in your local language.

Roboforex Risk Disclaimer

Losses can exceed deposits

Roboforex review
Roboforex not quite right?

If after reading this Roboforex review, Roboforex does not fulfill your needs check out these Roboforex Alternatives.

Click here to view the best Roboforex Alternatives

We have spent years researching the best alternatives to Roboforex. Click the links below to learn more.

If you feel some of the above Roboforex are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Roboforex alternatives below.

Roboforex review
Related Roboforex Vs Comparisons

We have covered allot in this Roboforex review, If you want to see how Roboforex compares side by side with other brokers check out our Roboforex Vs pages.

If you would like to see how Roboforex stands up against other brokers you can read some of our Roboforex comparisons below. We compare side by side some of our top rated Roboforex versus comparisons. Read our indepth Roboforex VS pages below.

Roboforex review
ROBOFOREX Frequently Asked Questions

Can I try Roboforex before I buy?

Roboforex offer a demo account so you can try the Roboforex platform before you put down a payment. Learn more here

What funding methods do Roboforex accept?

Please note that the list of payment methods below depend on the Roboforex Entity and the Clients Country of Residence.

Roboforex offer the following funding payment methods accept Credit cards, Bank Transfers, Payoneer, Neteller, Wire Transfer, among other payment methods.
Learn more here

Losses can exceed deposits

Is Roboforex safe?

Roboforex are considered safe as they are regulated by and checked for conduct by the Cyprus Securities and Exchange Commission (CySEC). Any payments funded to Roboforex accounts by traders are held in a segregated bank account. For added security Roboforex use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is Roboforex trading good?

Roboforex is considered good and reputable to trade with Roboforex. Roboforex is used by over 10000 active traders and Roboforex users. Roboforex offers Forex trading, and CFDs trading. Minimum deposit with Roboforex is 1.

Is Roboforex trading Legit?

Roboforex was founded in Cyprus in 2009. Roboforex has been facilitating trade on the financial markets for over 11 years. Roboforex offers clients Forex trading, and CFDs trading. All funds deposited to Roboforex are held in segregated tier 1 bank accounts for security. Roboforex is regulated by Cyprus Securities and Exchange Commission (CySEC) so can be considered legit.

Is Roboforex a good broker?

Roboforex is overseen by the top tier financial regulators Cyprus Securities and Exchange Commission (CySEC) so can be considered a good broker. Roboforex allows Forex trading, and CFDs trading.

Is Roboforex trustworthy broker?

Roboforex can be considered trustworthy. All money funded to Roboforex is placed into a segregated tier 1 bank account. this means your money in not held by Roboforex directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also Roboforex is regulated by Cyprus Securities and Exchange Commission (CySEC).

What is the minimum deposit for Roboforex?

The minimum deposit to trade with Roboforex is 1.

How long do Roboforex withdrawals take?

Withdrawing money from Roboforex processing time varies but averages 2-5 days.

Is Roboforex regulated?

Roboforex is regulated by Cyprus Securities and Exchange Commission (CySEC).

Is Roboforex a market maker?

Roboforex is a market maker. Stocks, currency and other commodities and instruments will be purchased by Roboforex even if no buyer is lined up.

How can I start trading with Roboforex?

When opening a trading account with Roboforex, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Roboforex trading platforms here.

Is my money safe with Roboforex?

Roboforex is regulated by Cyprus Securities and Exchange Commission (CySEC). One of the most important criteria for traders when choosing a broker like Roboforex is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Roboforex, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is Roboforex a con?

Roboforex is regulated and well established having been in business for over 11 years. Roboforex is definitely not a con.

Can you make money with Roboforex?

Although traders have had great success with Roboforex. Trading on the financial markets with Roboforex is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Losses can exceed deposits.

Does Roboforex have fees?

Roboforex withdrawal fees varies on payment method. Roboforex doesn't charge inactivity fees. Roboforex doesn't charge deposit fees.

When was Roboforex founded?

Roboforex was founded in 2009.

How many people use Roboforex?

Roboforex is used by over 10000 registered Roboforex users.

What is Roboforex Headquarters country?

Roboforex has its head quarters office in Cyprus.

Does Roboforex offer negative balance protection?

Roboforex does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does Roboforex offer guaranteed stop loss?

Roboforex does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does Roboforex allow scalping?

Roboforex offers scalping.

Does Roboforex allow hedging?

Roboforex offers hedging.

Does Roboforex offer CFD trading?

Roboforex offers CFD trading.

Does Roboforex offer STP?

Roboforex offers STP trading.

How many people use Roboforex?

Roboforex is used by over 10000 Roboforex users and traders.

Is Roboforex an ECN broker?

Roboforex offers ECN trading.

Does Roboforex offer a demo account?

Roboforex offers a demo account.

Does Roboforex offer an Islamic account?

Roboforex offers a Islamic accounts.

What are the funding methods for Roboforex?

Roboforex accept the following funding methods : Credit cards, Payoneer, Neteller, UnionPay, Bank Transfer.

Roboforex review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Roboforex brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

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 experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

Roboforex review written by Mark Hansen of Comparebrokers.co