Roboforex Review for 2019

Roboforex Rated 4/5

Roboforex Introduction

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

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of Roboforex we break down 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.

Open Roboforex's Website

As with any investment your capital is at risk, losses can exceed deposits.

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

With this 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 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.


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 10 years Roboforex have a head office in Cyprus.

Roboforex is regulated. This means Roboforex are supervised by and is checked for conduct by the 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.

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.

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

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

What we like

  • Used by over 10,000 traders
  • Established in 2009
  • Regulated by CySEC
  • Min. deposit from $1

What we don't like

Roboforex General Fees

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

Roboforex Commissions

  • Roboforex doesn't charge commission on CFD shares

What can you trade with Roboforex?

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 Interactive Brokers and XTB below.

FX / Currencies Roboforex IB XTB
# of forex pairs offered 35 10 50
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes
Exotic forex pairs Yes Yes
Cryptocurrencies No No Yes
Commodity CFDs Roboforex Interactive Brokers XTB
# of commodities offered 0 0
Metals Yes Yes Yes
Energies No Yes Yes
Agricultural No Yes Yes
Indiced & Stock CFDs Roboforex Interactive Brokers XTB
# of Stocks offered 0 1500
UK Shares No Yes Yes
US Shares No Yes Yes
German Shares No Yes Yes
Japanese Shares No Yes Yes
Roboforex's
Instruments
IB's
Instruments
XTB's
Instruments

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 looking for a STP/ECN solution. 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 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
  • 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

What funding methods do Roboforex accept?

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

  • Credit cards
  • Bank Transfer
  • Payoneer
  • Neteller

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.

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 trader, accounts and instruments, but as a guide, Roboforex offer margin up to 0.001% on currencies.

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 over three languages, email and phone support.

What you will need to open an account with Roboforex

As Roboforex is regulated by 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:

  • 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 10 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 their website 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 12th August 2018.

ROBOFOREX Frequently Asked Questions

Can I try Roboforex before I buy?

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

What funding methods do Roboforex accept?

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

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 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.