RoboForex is a forex and CFD broker founded in 2009 and headquartered in Cyprus. It is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Commission (FSC) of Belize. RoboForex offers a wide range of trading instruments, including forex, CFDs on stocks, indices, commodities, and cryptocurrencies. It also offers a variety of trading platforms, including MetaTrader 4 and MetaTrader 5.
RoboForex is a popular broker among traders of all levels of experience. It is known for its competitive trading conditions, including low spreads and commissions, and its wide range of educational resources. The broker also offers a variety of features to help traders manage their risk, such as stop losses and take profits.
RoboForex offers a wide range of trading instruments, including forex, CFDs on stocks, indices, commodities, cryptocurrencies, and metals. It also offers a variety of trading platforms, including MetaTrader 4 and MetaTrader 5, as well as its own proprietary platform, R StocksTrader.
RoboForex offers a variety of account types, including standard, cent, and ECN accounts. The standard account has a spread of 1-3 pips, while the cent account has a spread of 0.01-0.1 pips. The ECN account has a floating spread, which can be as low as 0 pips.
RoboForex also offers a variety of trading features, including margin trading, leverage up to 1:500, and a variety of order types. It also offers a free demo account, which allows traders to practice trading without risking any real money.
RoboForex has a good reputation among traders. It has been awarded several awards, including the “Best Forex Broker” award by the International Finance Magazine in 2020.
However, RoboForex is banned in some countries, including the United States, Canada, Japan, and Australia.
Here are some of the pros and cons of RoboForex:
Advantages of Roboforex (Pros)
- Competitive trading conditions
- Wide range of trading instruments
- Variety of trading platforms
- Educational resources
- Risk management features
- 24/7 customer support
- Quick deposit and withdrawal
Disadvantages of Roboforex (Cons)
- Not available in all countries
- Some fees may be hidden
- Customer support can be slow at times
RoboForex is a reputable forex and CFD broker that offers a good value for money. It is a good choice for traders of all levels of experience.
Here is a more detailed overview of Roboforex’s features:
- Trading accounts: RoboForex offers a variety of trading accounts, including a Standard account, a Pro account, and a VIP account. The different accounts have different features and trading conditions.
- Spreads: RoboForex’s spreads are some of the lowest in the industry. The spreads on the EUR/USD currency pair start at 0.0 pips.
- Commissions: RoboForex does not charge any commissions on its Standard accounts. However, there are commissions on its Pro and VIP accounts.
- Deposits and withdrawals: RoboForex accepts a variety of deposit and withdrawal methods, including credit cards, debit cards, bank transfers, and e-wallets.
- Education: RoboForex offers a comprehensive education center that includes tutorials, webinars, and articles.
- Customer support: RoboForex offers 24/7 customer support in multiple languages.
Here is Roboforex’s rank in some popular broker rankings:
- ForexBrokers.com: RoboForex is ranked 1st out of 62 brokers in the “Best Forex Brokers” category.
- Traders Union: RoboForex is ranked 1st out of 100 brokers in the “Best Forex Brokers” category.
- Myfxbook: RoboForex is ranked 2nd out of 367 brokers in the “Best Forex Brokers” category.
- Capital.com: RoboForex is ranked 4th out of 200 brokers in the “Best Forex Brokers” category.
- Investopedia: RoboForex is ranked 5th out of 100 brokers in the “Best Forex Brokers” category.
These rankings are based on a variety of factors, including regulation, trading conditions, customer support, and educational resources.
More Details About Roboforex:
- Head office: 2118 Guava Street, Belama Phase 1, Belize City, Belize
- Regulation: Financial Services Commission (FSC) of Belize, license 000138/437
- Trading platforms: MetaTrader 4, MetaTrader 5
- Trading instruments: Forex, commodities, indices, stocks, cryptocurrencies
- Educational resources: Trading tutorials, webinars, e-books
- Customer support: 24/7 live chat, email, phone
Overall, RoboForex is a reputable forex and CFD broker that offers a good value for money. It is a good choice for traders of all levels of experience.
If you are considering trading with RoboForex, please read the broker’s terms and conditions carefully before opening an account. You should also do your own research to make sure that the broker is right for you.
