Also, RoboForex is based in Belize so we recommend verifying all safety rules since it is not top-tier regulation. 58.42% of retail investor accounts lose money when trading CFDs with this provider. A 15% cashback is available to all verified trading accounts with a minimum trading volume of 10 lots per month. RoboForex pays between 2.5% to 10% on the account balance if traders reach minimum volume requirements. RoboForex offers MT4 and MT5, cTrader, and its proprietary R Trader platforms.
Whether it’s their infamous CopyTrader or global outreach that caught your attention, there is no doubt that eToro is a top broker. This review will discuss how to open an account with eToro, regulations, online trading fees, spreads, leverage, verification process, safety measures and deposit & withdrawal methods. With a large selection of products and trading platforms, the provider is well-positioned for online trading and stands out from most competitors. The trading fees are very low, and you get a quick and direct execution. Also, the bonus program is highly recommended and can generate for you additional income. RoboForex adheres to a commendable transparency in its fee structure, ensuring traders can anticipate and strategize their investment actions without undisclosed costs lurking in the shadows.
- The texts on this page are not are not investment recommendations.
- The Prime account has premium conditions just like the spreads, they are floating from 0 pips.
- In addition, RoboForex has a wallet with which you can save money or carry out transactions.
- RoboForex pays between 2.5% to 10% on the account balance if traders reach minimum volume requirements.
- It also has a license from CySEC, Cyprus Securities and Exchange Commission.
Customer service at RoboForex pleasantly surprised this reviewer. When using the live chat support option on RoboForex’s website, the response was almost immediate, which is remarkably fast compared to other online financial brokerage companies in this sector. The staff member who responded was also very helpful and provided thorough answers to all questions. Another remarkable aspect of RoboForex is its responsive customer support. Whenever I’ve had questions or needed assistance, their support team has been prompt and helpful, providing me with the guidance and information I need to make informed trading decisions. This level of customer service is invaluable in the world of online trading.
RoboForex Cent Account
Exchange directly with other traders and develop common strategies. RoboForex exemplifies modern trading platforms with a suite of distinctive features crafted to empower traders and enrich their decision-making experience. This real-time alerting tool ensures that traders remain abreast of market shifts, imminent opportunities, or any pivotal changes in their account. Furthermore, RoboForex extends a demo account offering, a risk-free environment where strategies can be honed with virtual money and without financial implications. Recently, features such as an expanded range of tradable assets and improved interface have enhanced the demo trading experience, showcasing RoboForex’s dedication to fostering trader growth and lxcriticalg. I was looking for a good forex company for a year and I found this broker.
Another advantage of the software is that you can add tools and plugins. MetaTrader is a basic framework and can be xcritical courses scam further expanded. In addition to the many setting options, professional portfolio management is also possible.
Another great resource you can find on RoboForex is their collection of forex educational videos. These videos are detailed for beginners and help new traders break into the world of trading. You can also find pages dedicated to helping beginners understand the broker website and platforms, with FAQs on most pages. RoboForex provides access to indicators like moving average, exponential moving average and tick volume on the mobile application to help traders with their trading analysis. The mobile trading app provides access to copy trading for traders who wish to follow the strategies of experts. All 6 trading platforms are available on the desktop version of RoboForex.
- Moreover, as an ECN trader, you’ll get full access to all the top traded forex currency pairs, Metals, CFDs, and Stocks It includes a $20 commission charge per $1,000,000 traded.
- The verification takes only a few hours and is done with the upload of a passport and proof of residence.
- Another fascinating attribute is the comparative analysis of users’ trading behaviors.
- For equity traders, the broker receives a $200 commission for every $1,000,000 in volume in the ECN account, and $150 on the Prime account.
- Reviews of RoboForex were not as friendly as we had hoped, with more people stating more bad experiences with the platform than good ones.
Please be aware that you are able to receive investment services from a third-country firm at your own exclusive initiative only, taking all the risks involved. While RoboForex encapsulates several trader-friendly features, it’s imperative that potential users embark on their own meticulous research journey. Anchoring its operations in a bedrock of trust and security, RoboForex proves itself not just as a notable entity in trading arenas but also as a secured https://scamforex.net/ environment for traders’ pursuits and assets. Established in 2009, RoboForex has experienced an extraordinary growth rate, as seen in 1,000,000 clients who entrusted their funds to RoboForex. It doesn’t stop there, the broker adds a layer of protection in the form of RoboForex category A membership with The Financial Commission operating outside Hong Kong. Clients will be protected by the Compensation Fund which secures deposits up to a maximum of €20,000.
Open an account
It occurs immediately when the trader’s account balance goes below zero, offering protection against negative account balances. Support is available in more than 17 languages for traders by phone, email, xcritical rezension WhatsApp, chat, and more. It works around the clock (24/7) for RoboForex customers, as some markets are also open 24/7 (e.g., cryptocurrencies). Use the different contact options if you have any questions.
Then you will get access to the customer area (picture below). In the customer area, you can manage your account and then create other different trading accounts. The company strictly keeps its funds separate from client funds from large international and liquid banks. In addition, there is no additional funding, and the account is protected against a negative balance. Regulations and licenses are very important topics in online trading. A trusted Forex Broker should have a license from an official/government regulator.
With the CopyFX platform, you can access more than thousands of different traders. If you sign up as a trade, you can receive high additional commissions. The broker charges fees through spreads and commissions and also deploys a hybrid forex business model where it acts as a market maker on all Cent Accounts. RoboForex charges swap rates for positions held overnight and corporate actions are also passed onto traders’ accounts.
Is RoboForex an expensive broker?
It is always best to trade using regulated brokers to avoid being scammed or experiencing mistreatment. Roboforex can be considered as a trusted and legit trading broker as they are regulated by IFSC. ECN stands for Electronic Communication Network; it is a system meant for carrying out trades on Forex without agents. All applications of market participants trading via ECN are gathered in a database called market depth.
Robust Safeguard in Trading
With the tightest spreads and instant execution facilities, the ECN account brings a perfect trading atmosphere for experienced forex scalpers. The banks and market conditions determine the interest rates, which can be positive or negative. The swap results from the difference between both currencies’ interest rates. The trader pays the fee on the currency sold and earns interest on the currency bought. The new servers are available for clients with Pro, ECN, and Cent Affiliate account types.
Fees for RoboForex deposits – $0
The experts behind the broker have well analyzed the natures and basic needs of the traders which is directly reflected in their innovative account features. The most interesting feature about the RoboForex R Trader is, that its trading platform includes a “robot builder” so that you can create your own automated trading solutions. If you have a fascination with a wide range of trading assets including EAs, R Trader may suit your requirements. Here, you can trade over 12,000 Indices, Real Stocks, CFDs on Stocks, Oil, Metals, and all the forex currency pairs. Binaryoptions.com is not owned by a Binary Options company or is selling Binary Options to customers. Articles and content may not reflect the actual laws and regulations.
RoboForex Review Conclusion
Also, traders will be required to pay some non-trading fees for taking certain actions. Technical Analysis is the world’s most successful and popular method of trading markets. The trading platforms come with an oversupply of indicators, drawing tools, and settings at the start. Thanks to the candlesticks, you can see, for example, high, low, opening, and closing prices in a certain period of time. RoboForex offers a very low spread of 0.5 points on the Dax, for example. The commission depending on the account type, starts from $4.