Roboforex review 2022

RoboForex web trading review - Table of contents

RoboForex Company information

Forex trading with the most innovative technology? It is possible with RoboForex. The brokerage was founded in 2009 as a global forex trading broker focused on providing great service and innovative technology.

The online broker offers a wide portfolio of trading instruments and assets on 2 investments and 4 trading platforms. With millions of live accounts opened since its founding the broker has earned a stable reputation of a trustworthy institution.

The company has also made some strategic partnerships with companies like BMW and elite athletes who help it stand out from the crowd. The brand has a global presence offering the latest services to its customers such as copy and crypto trading.

RoboForex forex banner
RoboForex forex banner

What is Web Trading

Before we look at this forex broker in more detail let's see what online trading and webtrader mean. Forex trading takes place online. Traders access the forex web trading platform provided by the broker.

The online trading environment allows the users to trade on the financial markets with all the instruments that the brokerage has on offer. The online trading platform can be a web-based, mobile app or a downloadable solution, or a combination of all.

In the forex, web trading platform users can also follow the latest news and trading calendars and take advantage of various features and functionality.

RoboForex Web Trading Platform

RoboForex offers a broad range of options and features to meet the needs and requirements of both retail and professional traders. With more than 12 000 instruments to choose from and several popular web trading platform options, this forex broker is a good choice.

Advanced automated trading is one of the advantages of this online broker. It helps traders optimize their profits and strategy through the R Trader account.

The web trading platform at Robo Forex allows every trader to take advantage of a great selection of tools for technical analyses. Here users will find the fastest charts in the industry, unique watchlists as well as other options.

Another great feature is the free automated strategy building tool, where traders can work with test trading strategies and implement them directly in the web trading platform. They get the tools to build more efficient trading algorithms to decrease manual trading times.

RoboForex is providing trading assets on their Pro-Standard, Pro-Cent, and RAMM real accounts. The company offers an impressive selection of trading platforms including the popular MT4 and 5 and more.

RoboForex MT4

In this, web trading platform beginners, as well as advanced traders, will find all the essential features they would need to start trading.

The platform offers great features and can be downloaded as a desktop version or an easy-to-use webtratder accessible through a browser.

The forex web trading platform offers great features and is available as a downloadable desktop client or a convenient webtrader right in your browser.

RoboForex MT5

MT5 is a cutting-edge platform for professional traders. The system is pretty flexible and has great capabilities, a lot of graphical tools, and technical indicators. Again, accessible for trading either via the web version or the downloadable solution.

RoboForex cTrader

The cTrader is a good choice for experienced traders who are looking for an alternative to the MetaTrader.

Here users will find more advanced options such as access to not that popular types of orders, specific charts, and various technical indicators. Automation and creating trading robots are also available. The platform can be accessed from a browser or downloaded.

cTrader- This app offers quite handy features such as double-tap action, recent charts, fling scrolling, pinch-to-zoom, and many others.

RoboForex RTrader

R Trader is an easy-to-use platform with convenient trading options and classic design. It is available both as a webtrader and desktop application and features real stock trading.

R Trader – The R-Trader is a fully-featured all-in-one solution with secure bonus management and in-app account deposits. Here traders can find quotes, live charts, trading indicators (14), and other features.

RoboForex Mobile App

Mobile traders will be happy to know that with this broker they can take advantage of apps for all their trading platforms.

MetaTrader – The MT4 and MT5 have access to the same features, desktop apps, features as well as full trading history, trading robots, charting tools, and more.

The mobile platforms are accessible through the same members’ client login.

All platforms are available in more than 20 languages for Android and iPhone users. MT4 and 5 are the most popular choices for mobile apps.

RoboForex Markets and Products

With this broker, traders get access to a large number (almost 12,000) trading instruments (including foreign currency trading) in 8 asset classes. These can be accessed on 2 investment and 4 trading platforms.

Clients can enjoy trading with more than twelve thousand global stocks, 40+ currency trading pairs, 100 commodities like ETFs and oil, and more than 10 indices. There is a broad range of foreign currency trading options.

For the fans of crypto trading here you can trade 26 cryptocurrencies and indices at once.

RoboForex Spreads and Fees

Pricing is linked to the type of account but spreads are competitive. The Pro (cent and standard) accounts have the spreads included in the fees. The Prime and ECN accounts have tighter spreads, with zero pip spreads available for some instruments and asset classes.

RoboForex Leverage

The maximum leverage with this broker is 1:2000 for the Pro (standard and cent) accounts. The ECN account comes with 1:500 leverage and Prime and R Trader account holders can get 1:300. The margin calculator on the website can be very helpful in calculating leverage.

RoboForex forex banner
RoboForex forex banner

RoboForex Trading Accounts

With RoboForex traders can choose between 5 live account types: R Trader, Pro-Cent, Prime, Pro-Standard, and ECN. The minimum deposit is 10 USD for all accounts, except the R Trader where it is 100 USD. These are comparatively low deposits compared to other brokers.

While the R Trader is great for multi-asset stock trading, professional traders can choose between ECN and Prime. Beginner traders can opt for Pro-Cent and Pro-Stanard.

The main difference between the accounts is the leverage limits, access to bonuses, minimum margin requirements, etc. All bonuses are accessible with the Pro account, while R Trader account holders have no available bonuses.

Users can also go for an Islamic account as well as investment solutions on the RAMM and CopyFX platforms, where users can invest in long or short-term trading strategies.

It is easy to open an online forex account with this broker from their homepage.

RoboForex Deals and Promotions

Pro-cent and Pro-Standard users will get a welcome forex bonus of 30 USD after they make the initial minimum deposit.

There is also a Profit Share Bonus (60%) and up to 120% on deposits with the Classic Bonus.

There are also other promotions, cashback rebates on volume traded, daily competitions, and up to a 10% bonus credit on forex account balances.

There are no deposit forex bonus deals offered for 2021. Check the website for upcoming opportunities. On the trading website, traders will also find the bonus withdrawal terms and conditions.

RoboForex Deposits and Withdrawals

RoboForex has a wide range of funding methods to choose from in 9 different currencies. Traders can opt for international and local bank deposits and transfers, as well as e-wallets and card payments. Unfortunately, PayPal is not available.

The deposits are fast, reliable, and most importantly- free of charge.

Non-EU clients can also take advantage of deposits in cryptocurrency. They can deposit, withdraw or trade using cryptocurrency.

Depending on the jurisdiction the withdrawal methods can vary but there are 13 of them available to choose from. The withdrawal time for most methods is 1 day, which is a competitive advantage with this broker.

Withdrawal commissions vary from 0.5% to 2.8%. The Free Funds Withdrawal program offers 0 commission withdrawals twice a month. Again cryptocurrency trading withdrawals are available for traders outside the EU.

RoboForex Demo Account

The brokerage offers not one but three demo accounts that can be used on all web trading platforms.

The Demo Pro is a popular choice because it offers the same trading conditions as the standard account with similar spreads (1:3) and maximum leverage (1:2000).

A demo account is great for traders who would like to test trading without risking their funds. Users can open a demo account from the homepage and it will be accessible for 90 days.

RoboForex Crypto Trading

Traders interested in cryptocurrencies can trade them on MT4 and 5 and R Trader platforms. Although in early 2021 the broker decided to cut the list of cryptocurrencies and crypto indexes available for trading, users can still find the most popular cryptocurrencies on offer.

RoboForex Copy Trading

This option is available through the Copy FX platform. Users can find successful traders based on several different factors and can choose to copy the trade. The tool has been very popular among traders.

The key with the copy trading options is the depth of copy traders follow. Thankfully Copy FX offers a huge number of active and profitable traders to choose and copy.

RoboForex Trader Education

This broker has many useful resources for both beginner and pro traders and investors, including on-demand videos, how-to guides, analytics, a community forum, an economic calendar, and a blog.

RoboForex Analytics center is one of the most notable features. Traders can access it with a free subscription which also allows them to use the analytics data.

It is available in more than 10 languages and offers an interactive user experience with a great layout, signals, videos, calendars, and more.

RoboForex Regulation and Licensing

The online forex broker is regulated by Belize’s Financial Commission in an A category. This means the company protects up to 20.000 EUR per trader as part of a Compensation Fund.

The broker also guarantees negative balance protection as part of the special civil liability insurance. This makes RoboForex a regulated, legitimate, and trustworthy online broker.

RoboForex Customer Support

With this broker traders enjoy 24/7 support in more than 10 languages via telephone, email, chat, etc.

The customer support team is knowledgeable, helpful and they can verify users and help with various issues like resetting your password or deleting an account.

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