RoboForex Full Review 2024
Website: https://roboforex.com
RoboForex has been operating since 2009. RoboForex is a leading software developer in the Forex industry and one of the Best Forex Brokers based on client reviews.
In recent years, the company has been developing and growing its market share primarily in the LatAm region. It has been the winner of several prestigious awards, including the “Most Trusted Broker” Award from International Business Magazine, the “Best Investment Products” Award by Global Brands Magazine, and the “Most Transparent Broker” by World Economic Magazine.
Ranked first among 350 companies featured in the TU Ranking, RoboForex has emerged as a leading broker in the financial market. With an impressive TU Overall Score of 9.78 out of 10, the company has outperformed its competitors. Our website’s comprehensive review of RoboForex’s trading opportunities and analysis of client feedback further solidifies its position at the top.
👍 Advantages of trading with RoboForex:
- Availability of favorable trading conditions and a minimum deposit
- Unique investment program CopyFx
- Highest affiliate payments: up to 84% of the fee paid by the referral
- Market launch — STP and ECN
- Instant withdrawal of funds
- Minimum deposit — $10
👎 Disadvantages of RoboForex:
- A small number of currency pairs — 36, for accounts: Pro, Pro-Cent, ECN, Prime
- Lack of cryptocurrency tools when trading on the R StocksTrader platform
Your capital is at risk
One of the standout features of RoboForex is its expansive selection of accounts, designed to cater to traders of all skill levels, ranging from beginners to experts. The offered assets encompass indices, stocks, commodities, metals, and ETFs. Notably, RoboForex does not impose commission fees on its highly sought-after Pro account. Furthermore, the brokerage firm possesses two other notable advantages, including its exclusive copy-trading system, CopyFX, and a Partner program that offers one of the most appealing commission structures in the market. In terms of education, RoboForex surpasses expectations. It provides economic calendars and analytics centers, alongside the multitude of resources available through the MetaTrader suite. Regulated by the Financial Services Commission (FSC) in Belize, RoboForex has implemented a Civil Liability insurance program with coverage up to 2,500,000 EUR, offering exemplary protection against omissions, fraud, errors, negligence, and other risks that might result in financial losses for its clients. Overall, RoboForex stands as a highly acclaimed brokerage firm, offering an extensive range of products, account types, and educational resources to meet the needs of its traders.
- 💰 Account currency: USD🚀
- Minimum deposit: $10
- ⚖️ Leverage: 1:2000
- 💱 Spread: Floating from 0 pips
- 💹 Margin Call / Stop Out: 40% / 10% — 60% / 40%
- 🔧 Instruments: Forex (currency pairs), ETFs, real securities
Your capital is at risk
Who Is RoboForex Recommended For?
Judging from the educational resources offered, as well as the types of accounts, RoboForex is a platform that works for both new and advanced traders. For example, on its website, it includes instructions on how to get started trading, indicating that it can work for even total newbies. Demo accounts are available which signals that RoboForex has no problFull Review of RoboForex in 2023: Uncovering the Core Aspectsem allowing new traders to practice before buying into it. In addition to catering to new traders, RoboForex also has advanced accounts, such as the R StocksTrader and ECN Accounts, which it says are for “experienced” traders. By contrast, the Pro is “suitable for beginning and advanced” traders, as is the ProCent. Bottom line: Don’t be afraid to try RoboForex, no matter your experience level.
Regulated By
- Financial Services Commission (FSC license №000138/7) Belize
Account Options
- Broker: TypeDealing Desk, ECN, STP, Market Maker, Dealing
- Minimum Deposit: $10
- Free Demo Account: Yes
Top RoboForex Features
- Excellent Trading Conditions: When it comes to trading, one of the top features at RoboForex is its trading conditions, which it describes as “unique.” RoboForex offers tight spreads, starting at 0 pips and low commissions. RoboForex also has fast order execution, thanks to its MetaTrader 4 and 5 platforms. The best trading conditions can be found at RoboForex’s ECN, Prime, and R StocksTrader accounts.
- Advanced copy-trading system CopyFX: With CopyFX you can either list your strategies to be copied by participants in the system, or copy the strategies of other traders. It offers lightning-fast and accurate copying of each transaction and a variety of settings to enhance the trading flexibility for traders and their subscribers.
- Partner Program: Any trader, fintech developer or content creator can join it to attract new clients to RoboForex and earn an astonishing amount that can reach 84% of the company’s revenue. RoboForex Partner program also offers one the highest partner commissions per lot on Gold, Oil and Indices.
- Real Stock Investment: RoboForex provides traders access to a wide range of stocks. With this brokerage company, you can choose from over 3,000 stocks listed on NASDAQ and the NYSE. The R StocksTrader platform is cutting edge, and traders will appreciate the low commission fees (from $0.009 per share), spreads starting at 0.01, and a huge variety of products from which to choose.
RoboForex Overview
Trading Platforms
- MetaTrader 4 (MT4)
- MetaTrader5 (MT5)
- R StocksTrader
- R MobileTrader
- R WebTrader
Trading and Investment Tools
RoboForex Compliance & Regulation
RoboForex is regulated by the Financial Services Commission in Belize, where it is headquartered. RoboForex lists its license and regulation number at the bottom of its website. It holds FSC license №000138/437.
Service Details
RoboForex Reliability & Security
RoboForex prioritizes the security of client funds through various measures. As a regulated brokerage company, it holds a special brokerage license from the FSC. The broker offers negative balance protection, ensuring that clients are not held liable for negative balances caused by market volatility. Membership in the Compensation Fund of The Financial Commission provides additional protection, with coverage of up to €20,000 per case. RoboForex has obtained the Verify My Trade (VMT) certification for execution quality, guaranteeing compliance with the strict requirements of the Financial Commission. Furthermore, the broker has implemented a comprehensive insurance program with a market-leading coverage limit of 2,500,000 EUR, safeguarding clients against potential financial losses. These measures demonstrate RoboForex’s commitment to maintaining a secure and reliable trading environment.
RoboForex User Experience
RoboForex prioritizes an exceptional user experience, offering a clean and intuitive website design. With quick and hassle-free account opening, traders can swiftly access the platform. The broker’s live support ensures prompt assistance, while the user-friendly platform provides efficiency and convenience, empowering traders to navigate the markets with ease. Furthermore, it provides numerous educational tools. RoboForex provides video and written guides on the basics of the stock market (“How to Open an Account,” “How to Start Trading,” etc.). The analytics includes RoboForex analysis and forecasts and an economic calendar, as well as a data center. This brokerage company also provides a blog, where in-house experts weigh in on current events and trading strategies. Overall, RoboForex’s emphasis on a clean design, quick account opening, and educational tools demonstrates its commitment to providing an exceptional user experience.
Final Thoughts on RoboForex
All in all, RoboForex is a brokerage company with a lot to offer. There are particularly good trading conditions on the Prime, ECN, and R StocksTrader accounts, and the accounts offered overall are diverse. RoboForex’s copy-trading system CopyFX and bespoke Partner program differentiate the company decently from its competitors. There is also a solid educational system, and the award-winning nature of RoboForex speaks to its reputability.
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That is why you should only invest money that you are prepared — or can afford — to lose at such high risks. Tradersunion.com does not provide any financial services, including investment or financial advisory services. Also, the Traders Union is not a broker and does not get money for trading in the Forex or CFD markets. Our website only provides information on brokers and the markets and helps its users to select the best brokerage company based on detailed information and objective analysis of brokers.
Disclaimer:
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