RoboForex Review 2024: Pros & Cons

Besides trading conditions, in RoboForex there is a solid range of trading platforms available including the well-known MetaTrader platform, algorithmic oriented cTrader. RoboForex offers unlimited demo accounts for MT4, MT5, cTrader, and its proprietary trading platform. The RoboForex demo accounts allow traders to recreate trading conditions close to but not the same as those experienced in a live account. RoboForex offers access to different markets and instruments that can be used for the implementation of various trading strategies.

Forbidden trading techniques

Its diverse range of offerings caters to a wide clientele, including STP and ECN accounts, derivatives, investment products, copy trading, and multiple platforms. There are affiliate versions of the pro-standard and ecn-pro accounts that have increased spreads and commissions for clients who are receiving additional services from RoboForex partners. I was really impressed with very large selection of over 12,000+ trading instruments from multiple markets including Forex, Commodities, Stocks, Shares, Indices, Metals, Energies, ETFs & CFDs.

Several options to trade

This is something that you don’t see many brokers do, which is another thing that helps set them apart from the competition and shows how confident they are with their service. This is especially attractive to high-frequency traders because it will lower trading costs hugely. The pro standard account is the most loved account type with traders, and is fitting for both beginners and more experienced traders.

Does Roboforex have Research and Education services?

I am a frequent user of trading apps just because I like to check my trades throughout the day and see what is happening around the markets as and when I feel like it. This really is an excellent choice of platforms, up there with what Pepperstone offer. If you are new to trading, I feel MT4 could be a good choice due to its simplicity. The brokers proprietary platform is also a very good option but you would need to learn another platform from scratch if you decide to switch brokers down the line. I personally use the MT4 platform, primarily because it was the first platform that I mastered and have never felt the need to change over to anything else. Apart from the three platforms we just went through, RoboForex offers R Trader, which gives access to a complete selection of assets.

RoboForex’s Partner Program is another standout feature, open to traders, fintech developers, and content creators. Participants attract new clients and can earn up to 84% of the company’s revenue. RoboForex offers web platforms for MT4 and MT5, ensuring that traders can access their accounts and trade directly from their browsers without necessitating any software download or installation. The R StocksTrader platform is not only comprehensive but also convenient and easy to use, providing traders with a user-friendly experience. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. RoboForex is suitable for beginners thanks to its offering of a wide range of trading assets, user-friendly platforms, and low minimum deposits.

This account has a range of 36 currencies, CFD and U.S. stocks, CFD on oil, and Metals. Though trading with offshore brokers is not advised due to the lack of regulations, the additional license helps position RoboForex as a safe bet. RoboForex applies negative balance protection which secures your deposits from losses. This means that finding a regulated, trustworthy broker should be at the top of your list.

Stupid traders invest 200 bucks and take 120% bonus and then they wonder, why there is margin call after some running bad trades and cancelled bonus. The broker provides multiple payment methods most of which are commission-free. On the first and third Tuesdays of the month, traders can deposit and withdraw funds from their accounts charge-free.

I always recommend that traders check them before evaluating the total trading costs. RoboForex offers a positive swap on EUR/USD short positions, meaning traders get paid money. RoboForex’s mobile trading apps are well-regarded and provide a good choice for traders who need on-the-go access to the markets. The minimum deposit is a mere $100, so everyone may try their luck. After starting to work, the investor has access to expert traders’ ratings, which reflect the account’s lifespan, profitability, maximum drawdown level, and other facts.

Ensuring effortless and secure financial transactions, RoboForex provides a user-friendly deposit and withdrawal process to accommodate traders. Venturing further, RoboForex integrates advanced trend exploration tools, honing traders’ ability to identify and act upon emerging market trajectories. Furthermore, the platform enriches the trading environment with instrument-specific insights, offering in-depth analyses that assist traders in making strategic choices. That said, RoboForex does trail the industry’s cheapest brokers with relatively high commissions in some accounts and rebates that require significant trading volumes to offset costs. For simpler queries, I also find the website’s forum and FAQ section to be valuable resources.

1. This type of account has 36 currency pairs, Metals, CFD on US stocks, CFD on Indices, CFD on Oil.
2. In this instance, they will automatically put the account balance to zero without the client needing to pay anything for this service.
3. In this section you can find up to date economic data and trade recommendation based on key parameters.
4. RoboForex’s licensing and regulation from reputable agencies ensure clients’ credibility and dedication to industry protocols.
5. If you are a beginner and you don’t know much about forex trading , after creating your RoboForex account you will get access to educational videos.

I found them to be perfect for analysing charts, placing and managing trades without any hassle. This is a multi-asset account with over 12,000 assets including Real stocks, CFD on stocks, Indices, forex, and ETFs. This account is best suited to more experienced traders looking for more access to a wider financial market. The fees charged will be based on the account type chosen and the options, as well as the spread list, minimum deposit required, commissions, and leverage.

Current trading opportunities are examined from multiple angles, providing traders with a multilayered understanding of what, how, and when can be traded. I appreciated that market research is available in different formats, including in written form and videos. RoboForex offers demo accounts that introduce https://traderoom.info/what-to-expect-from-roboforex-broker/ traders to the broker’s services and allow them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment. You can set up a demo account for yourself alongside your live CFD account.

I’ve used this broker for 5 years now, and they have yet to disappoint. Been using this broker for 4 years along side others of course and have never had a single issue. If you’re a profitable trader you won’t be making hilarious complaints like the ones I’m seeing here.

I do like how MT5 has more chart timeframes and indicators for market analysis. I also like how it supports backtesting multiple instruments at the same time on tick data. Either way, both MetaTrader platforms are a popular choice for many traders and it is easy to see why. RoboForex Ltd offers clients negative balance protection which can prevent accounts from going https://traderoom.info/ into a negative balance during volatile market conditions. In this instance, they will automatically put the account balance to zero without the client needing to pay anything for this service. Client funds are held separate from the company funds in segregated account to ensure that they are safe and not used for any other purpose such as the companies running costs.