Operating since 2009, Roboforex is an international broker covering 8 financial markets and over 12,000 tradable assets using its proprietary platform, cTrader, and MetaTrader platforms. Roboforex is IFSC regulated and has an investment platform as well.
Read this broker review in full and find out everything you need to know about Roboforex’s trading services.
Roboforex Background & Safety
Roboforex has started operation since 2009 with its headquarters situated in Belize City, Belize. Roboforex is operated by RoboMarkets Ltd. To date, Roboforex has over 800,000 clients from 169 countries around the globe. The broker has one of the largest (if not the largest) liquidity providers in the industry with 8 liquidity providers. In essence, the broker covers 8 financial markets to offer its traders. Roboforex also has an investment platform in CopyFX for investors.
Regulation and Safety of Fund
If you ask about Roboforex’s safety as an investment firm, fret not as the broker is regulated by the International Financial Services Commission (IFSC) Belize. Aside from this, the company is affiliated with The Financial Commission, an international organization that resolves disputes between its participants and their clients, to give fund protection to its clients of up to 20, 000 euros per case.
Apart from the firm’s regulation certification and affiliation with an international financial institution, Roboforex also has Negative Balance Protection to protect its clients from having negative balances on their trading accounts. To top it off, Roboforex also implemented the Civil Liability insurance program to prevent its clients from acquiring risks leading to financial losses. With all these in place, Roboforex is a market leader when it comes to client funds security through employing these several insurance programs.
Awards and Recognitions
Roboforex is also a certified champion, racking up international awards and recognitions from prestigious award-giving bodies of the financial industry.
To name a few, Roboforex is the recipient of “Most Transparent Asian Forex Broker” and “Best Global Mobile Trading App” by the 2020 Global Forex Awards (Retail/B2B). It also won “Best Broker of the CIS” and “Best Investment Platform” by the IAFT Awards 2019, and “Best Stock Broker Asia” by the International Business Magazine Awards 2019.
Roboforex Features & Fees
Roboforex’s main asset is its wide market coverage, having 8 financial markets for traders to venture into, giving them over 12,000 financial instruments to choose from. (By far, this is the widest range of financial instruments from a broker out of hundreds of brokers we’ve covered in our reviews.)
Roboforex offers trading services in forex, stocks, indices, ETFs, commodities, energies, metals, and cryptocurrencies.
With five account types to choose from, there is no shortage of options with Roboforex to suit your trading condition preferences. The account types are Prime, ECN, R Trader, Pro-Cent, and Pro-Standard.
Prime and ECN are the startup account types as they only require a minimum initial deposit of $10. Prime provides its users access to 28 currency pairs, while ECN with 36. Both accounts have floating spreads starting from 0 pips and no deposit bonuses.
Pro-Cent and Pro-Standard accounts are also similar in terms of its featured conditions, including their initial minimum deposit requirement at $10. They also share the same range of market access with 36 currency pairs, floating spreads from 1.3 pips, and maximum leverage level at 1:2000. All deposit bonuses apply for these account types.
R Trader is a cut above the rest as it showcases the largest range of financial instruments to trade with over 12,000. However, currency pairs are not covered in this account type. For a minimum initial deposit of $100, you are given access to spreads starting from 0.01 USD, and maximum leverage of 1:300
With the many options for funding accepted by Roboforex, you get to choose the most convenient for you from its array of choices. These include bank transfers, electronic payments, bank cards, and cash and vouchers – pick your poison.
The good news is that Roboforex does not charge any fees for deposit and withdrawal transactions for any method.
Opening a Pro-Standard or Pro-Cent account leads you to deposit bonuses. One of which is the Welcome Bonus worth $30. Profit Share Bonus gives you a 60% increase in the total deposit amount of your first deposit. Classic Bonus gives you a 120% bonus for your first and all other deposits that follow.
Roboforex Trading Platforms & Tools
Even in trading platform offerings, Roboforex does not run out of options. It offers MetaTrader 4, MetaTrader 5, cTrader, and its proprietary platforms R Trader in 3 versions including R Web Trader, R Mobile Trader, and R Trader.
cTrader is available in 22 languages, has a mobile operating system interface, powered with convenient chart management, and equipped with notifications. cTrader has two versions in cTrader Web and cTrader Mobile.
R Trader is a multi-asset platform that combines cutting-edge technologies and classic design. It provides over 12, 000 tradable assets, corporate actions support, Level II Market Depth, and Trading robots builder.
With an impressive market coverage, account type offerings, and funding methods accepted, and platform options, you can’t go wrong in choosing Roboforex. Its regulatory affiliation, market-leading insurance programs, and established brand give you peace of mind concerning your fund safety.