RoboForex: Your guide in the world of trading

RoboForex is an advanced software developer in the Forex industry. It is one of the best brokers for new traders. The minimum deposit in RoboForex is only 10 dollars. This is very useful, but it is not enough to understand the peculiarities of trading and functioning in the Forex market in general. RoboForex features a wide range of trading instruments. Clients can trade not only Forex but also stocks, indices, commodities, and CFDs. This variety allows traders to diversify their portfolios and use multi-asset trading strategies. The company is the winner of numerous prestigious awards. RoboForex Group of Companies has an international license to provide services from the FSC of Belize (000138/7). 
In this detailed Roboforex review, you will learn all the necessary information about this broker, from account types to pros and cons. We will also go into detail about the bonuses provided by this broker, including the Roboforex welcome bonus.

Foundation	2009
RoboForex license	000138/7
Trading platforms	MetaTrader 4, MetaTrader 5, RWebTrader, RMobileTrader, R StocksTrader
Accounts	Demo accounts, Standard accounts, Cent accounts, ECN accounts, RTrader, VIP, Prime, RoboForex affiliate accounts
Instruments	Forex, ETFs, CFDs on indices, CFDs on oil, CFDs on European and US stocks, real stocks
Account Currencies	USD, EUR, GOLD
Deposit/withdrawal	Bank and electronic transfers (Skrill and Neteller systems, AdvCash, Perfect Money), bank cards (Visa and Mastercard, AstraPay, NganLuong Wallet, JCB)
Restricted countries RoboForex	Australia, Brazil, Guinea-Bissau, Indonesia, Iran, Japan, Liberia, Russia, and Turkey, among others
Bonuses	Welcome bonus, profit sharing bonus, classic bonus
Minimum deposit	10$
Leverage	1:2000
Minimum order	0.01-100
Mobile trading	Yes
Affiliate Program	Yes
PAMM Accounts	No

Benefits

• Narrow spread from 0 pips. The broker offers such favorable conditions due to direct access to liquidity providers in ECN systems. 
• Instant market execution of orders. Traders’ orders are instantly sent to the Forex market. There are no delays on the RoboForex Ltd trading platform. 
• There is no commission for the withdrawal of funds and account replenishment. 
• There are no restrictions on the amount and frequency of withdrawals. You make a request and it will be executed as soon as possible. 
• There are no trading restrictions. The duration of open trades is not limited, the use of hedging and closing trades is allowed. You can also use any number and type of trading advisors.
• There is a function of trading in one click. 
• Leverage is one of the highest in the industry (up to 1:2000). 
• There is protection against negative balance (gap protection).
• Free RoboForex VPS server for those who trade 3 or more monthly standard lots. If the volume of trades is insufficient, the monthly fee will be $5.
• There is a free constructor of trading advisors, which does not require programming knowledge.

Accounts

RoboForex offers different account types to choose from. Standard options are EUR and USD, and you can also choose a non-standard option, such as gold. You can open as many accounts as you want with the broker, both demo and real accounts.

Account type	Description
Demo	Roboforex demo account is available for all types of broker accounts and offers risk-free access to start trading. This is ideal if you are new to the broker or want to test the broker before you start trading. You will also be able to access all trading platforms. The demo account itself is limited to a 90-day trial period, but you can open as many demo accounts as you need over time.
Pro	Classic accounts for beginners and professionals, suitable for small-volume trading. The spread starts from 1.3 pips here and you will be able to choose from 36 currency pairs, metals, US Stock CFDs, Indices CFDs, and Oil CFDs.The minimum order size here is 0.01 lots, while the maximum is 500 lots.
Pro-Cent	Cent accounts with spreads as low as 1.3 pips are ideal for testing strategies and trading advisors. Top up your account with $10 and you can open positions of 1000 base units.
Prime	The Prime account is the best option for many traders on Roboforex. Like most accounts, you’ll find a very affordable minimum deposit of just $10. With this account, you will be able to trade a total of 28 currency pairs, metals, US stock CFDs, index CFDs, and oil CFDs. The Prime account operates with market execution and spreads start from 0 pips with a commission of 10 dollars per million traded in currencies. The minimum order size is very affordable, at only 0.01 lots with a maximum of 500 lots.
ECN	Electronic communications networks (ECN) is a professional trading account with zero spreads and maximum liquidity. It is suitable for trading large amounts of assets. The Roboforex ECN account has a low minimum deposit of only $10 and the spread also starts from 0 pips, this time with a commission of $20 per million traded in currencies.
R StocksTrader	It is an account that allows you to trade real stocks on the stock market. The minimum deposit is $100, and the amount of available assets is over 12,000. Specific fees depend on the number of shares involved in a trade.
VIP	With a Roboforex VIP account, you can qualify for several different benefits depending on which of the 3 program levels: Silver, Gold, or Platinum you can access. These benefits include up to 40% additional cashback, a possible increase in your account balance of up to 40%, unlimited VPS access, and your personal account manager.

The broker also offers Islamic accounts, where the standard swap rate is replaced by a fixed rate not linked to bank interest rates.

Trading conditions

The RoboForex minimum deposit for all accounts except R StockTrader is $10. The minimum deposit to be able to trade shares on R StocksTrader and copy transactions on the CopyFx platform is $100. The spread on Prime and ECN accounts is floating and starts from 0 points; for RoboForex Pro and ProCent accounts it is also floating and starts from 1.3 points. Depending on the account type, the leverage is up to 1:300-1:500, which is allowed by regulatory authorities. On a cent account – up to 1:2000. For standard accounts, upon registration, you can manually increase your leverage to 1:2000, but this option is subject to certain rules. Experienced traders and novice aggressive traders will appreciate this option. With RoboForex broker you earn not only from trading but also from the RoboForex affiliate program, receiving profits from users you invite to the broker. For trading there can be used both classic RoboForex MT4 and MT5 platforms, as well as a web browser, and mobile versions, including C Trader and R StocksTrader.

The trading hours for currencies will be 24 hours a day, 5 days a week when the market is open. Commodities usually have a schedule of 23 hours a day, 5 days a week, with a one-hour break, while for other assets it will depend on the asset itself and the market schedule of the exchange where it is traded.

Withdrawal options and fees

RoboForex provides instant withdrawal of funds without commission. The broker does not charge commission for its other services. Withdrawal of funds in RoboForex is available from 1 cent for verified clients. Eight electronic payment systems are available for withdrawal of funds in RoboForex: Skrill, AstraPay, NganLuong Wallet, Neteller, AdvCash, Perfect Money, as well as VISA and Mastercard bank cards. All withdrawal requests are processed instantly. Withdrawal of funds can take from one minute to one day when withdrawing to EPS and from 1 to 10 days when withdrawing to bank cards.

Pros and Cons

Bonuses and promotions

RoboForex offers many bonus programs:

1. Welcome bonus. Each trader receives a $30 welcome bonus if they deposit $10 or more into their account.
2. First deposit. The broker also offers a classic bonus of up to 60% on the first deposit and subsequent deposits.
3. Loyalty program. Every trader in RoboForex can receive up to 10% of the total balance of his accounts in the form of surcharges for a withdrawable account.
4. Cash back. As part of this RoboForex bonus, the company shares its profits with each client. The higher the trading volume, the higher the compensation for the spread. To get a 5% spread rebate, you need to spend at least ten lots per month.
5. Profit Sharing. This type of bonus can reach up to 60%, which can be used during a withdrawal.

Useful tools

1. R StocksTrader – strategy builder.

This tool allows traders to create automated trading systems in a few clicks, without requiring coding knowledge or additional downloadable software. 

2. Trading calculator.

The calculator determines values for three types of accounts: Prime, Pro, and ECN. You need to enter the following data: asset type (currency pairs, metals), lot size, leverage, and account currency. It can be used to calculate the following parameters:

• commodity price;
• spread in pips and account currency;
• short and long swap in points and account currency;
• fixed rate on ECN accounts.

3. Financial charts.

The charts provide up-to-date statistical data on the main trading instruments.

Educational material

• Tutorial on how to start trading Forex and how to open a trading account.
• Free video courses on Forex basics, technical and fundamental analysis, psychological trading, etc.
• Information on how to trade NASDAQ and NYSE stocks.

Security

The broker is authorized by the FSC, one of the main regulators of the Belize financial market. The company is transparent, efficient, and honest with its customers. RoboForex has been known from the very beginning as a very reliable and technologically advanced financial intermediary, you can be sure that your funds are safe. The company also participates in the Financial Commission, an international organization dedicated to resolving problems between brokers and their clients.

Fees and Commissions

RoboForex stands out the most for its commission offers, which are among the cheapest among brokerages.

Account type	Commission	Withdrawal fee
Prime	$1	No
Pro-Cent	$13	No
Pro	$13	No
ECN	$2	No

Registration process

1. Go to the broker’s website and click “Register”.
2. Fill in the online registration form with the data requested by the company. It is important to use real data, as it is later necessary to confirm both the identity and the current residential address. This form asks for basic information about the person, including their full name, current address, phone number, and email address, which will also be verified.
3. Click on the Next Step button, which will redirect you to the second and last part of the form. 
4. Enter account information with username and password (username is the email used to open the account), wallet information with password and account currency, and the type of trading account you want to open. 
5. Once you have filled in all the data, click the Confirm button. 
6. Now you can download roboforex mt4 platform or roboforex mt5.

To login RoboForex, open the main page of the RoboForex website, and then enter the email address and password that you specified when registering your account in the special fields.