Introduction

RoboForex is a well-established online brokerage firm that provides a wide array of trading services for retail and institutional clients worldwide. Founded in 2009, it has grown to become a popular choice for traders seeking access to various financial markets, including Forex, stocks, indices, commodities, and cryptocurrencies. The broker prides itself on offering cutting-edge trading platforms, diverse account types, and competitive trading conditions, catering to both novice and experienced traders.

Key Features

• Diverse Trading Platforms: RoboForex supports popular platforms like MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and its proprietary R WebTrader and R MobileTrader, ensuring flexibility and advanced tools for all traders.
• Wide Range of Instruments: Traders can access over 12,000 trading instruments, including more than 40 currency pairs, stocks, indices, commodities, ETFs, and cryptocurrencies.
• Multiple Account Types: A variety of account types are available, such as Pro-Standard, ECN-Pro, Prime, Cent, and R StocksTrader accounts, each designed with different trading conditions, spreads, and commission structures to suit various trading styles and capital levels.
• Competitive Spreads and Commissions: RoboForex offers tight spreads starting from 0 pips on ECN accounts and low commissions, aiming to reduce trading costs for its clients.
• High Leverage Options: Depending on the account type and jurisdiction, traders can access high leverage ratios, up to 1:2000, which can significantly amplify potential gains (and losses).
• CopyFX Social Trading Platform: RoboForex provides its own social trading platform, CopyFX, allowing clients to copy trades of successful traders or become strategy providers themselves.
• Comprehensive Analytics and Education: The broker offers extensive analytical tools, market insights, webinars, and educational materials to help traders make informed decisions and improve their skills.
• 24/7 Customer Support: Multi-lingual customer support is available around the clock through live chat, email, and phone.
• Bonuses and Promotions: Regular promotions, including welcome bonuses, deposit bonuses, and cashback programs, are offered to clients.

Pros

• Extensive Market Access: A vast selection of trading instruments allows for diverse portfolio management.
• Multiple Platform Choices: The availability of MT4, MT5, cTrader, and proprietary platforms caters to different trader preferences and needs.
• Flexible Account Options: Suitable account types for all levels, from beginners (Cent accounts) to professional traders (ECN/Prime accounts).
• Low Trading Costs: Competitive spreads and low commissions on ECN accounts can be very beneficial for active traders.
• Robust Social Trading: CopyFX provides a valuable tool for both new traders seeking guidance and experienced traders looking to monetize their strategies.
• Reliable Customer Service: 24/7 multi-lingual support ensures assistance is always available.
• Strong Educational Resources: Helpful for both new traders learning the ropes and experienced traders staying updated.
• Fast Execution Speeds: RoboForex emphasizes fast order execution, crucial for volatile markets.

Cons

• Regulation Varies: While regulated by the IFSC in Belize, some traders might prefer brokers regulated by Tier-1 authorities (e.g., FCA, CySEC) for enhanced security.
• High Leverage Risks: While advantageous for some, very high leverage can lead to significant losses, especially for inexperienced traders.
• Geographical Restrictions: RoboForex services are not available in all countries, including the USA and Canada.
• Withdrawal Fees: While deposits are typically free, some withdrawal methods may incur fees, which can eat into profits.
• Complexity for Beginners: The sheer number of options and features might be overwhelming for absolute novices without proper guidance.

Pricing

• Spreads:
  • Pro-Standard / Cent Accounts: Variable spreads, typically starting from 1.3 pips.
  • ECN-Pro / Prime Accounts: Raw spreads starting from 0 pips, with commissions.
• Commissions:
  • ECN-Pro / Prime Accounts: A commission is charged per lot traded (e.g., $10 per lot round turn for ECN accounts, $5 per lot for Prime accounts).
  • Pro-Standard / Cent Accounts: Commission-free trading (spreads are wider to compensate).
• Swap Fees: Overnight holding fees (or credits) apply to positions held open past the market close. These vary based on the instrument and market conditions.
• Deposit Fees: Generally, RoboForex does not charge fees for deposits.
• Withdrawal Fees: While many withdrawal methods are free, some may incur a percentage-based or flat fee (e.g., certain e-wallets or bank transfers). RoboForex offers a “0% Commission” promo for withdrawals on specific days of the month.
• Minimum Deposit: Varies by account type, typically starting as low as $10 for Cent and Pro-Standard accounts, and $100 for ECN-Pro and Prime accounts.