RoboForex is an international broker trading all types of financial products (over 12,000 markets). The company was founded in 2009 and has a great history to this day. RoboForex Ltd has a special brokerage license IFSC Belize “Trading in financial and commodity-based derivative instruments and other securities” under the number IFSC000138/333TS. The address is 2118 Guava Street, Belama Phase 1, Belize City, Belize.
The broker Roboforex is headquartered in Belize and is regulated multiple times (more on that later). According to the website, it can be seen that it is a rapidly expanding company with more than 900,000 customers worldwide. Furthermore, it has had multiple awards since 2009 and official sponsorship such as the Kickboxing World Champion Andrei Kulebin.
At first glance, it looks like a very diverse broker, because the offer with over 7 asset classes and 12,000 markets is overwhelming. Also, the conditions for traders are looking very impressive to us.
Facts of the brokers:
Founded in 2009
A huge diversity of markets and account types
International online broker
RoboForex belongs to a big company group based in the EU
Sponsors and awards for the best broker
Account Types
there are more than 6 different account models adapted to the wishes of the trader. This is another big plus for RoboForex, as the selection offers traders the opportunity to optimize their trading. However, it should be noted that not every financial product, such as cryptocurrencies, is available in every account. So it is worth the account models to go through before opening an account.
In the following points we give you an overview of the account types:
1.Pro-Accounts:
Fix spreads starting at 2.0 pips or variable spreads starting at 1.3 pips
Minimum deposit 10$
Maximum leverage 1:2000
Cashback up to 15% of the broker commission
Free withdrawals
2.ECN-Accounts:
Fix spreads starting at 1.6 pips and variable spreads starting at 0.0 pips (+commission 4$ per 1 lot+)
Minimum deposit: 10$
Maximum leverage 1:300
Cashback up to 15% of the broker commission
Free withdrawals
3.Prime-Account:
Variable spreads starting at 0.0 pips
Commission 3.5$ per 1 lot
Minimum deposit 100$
Maximum leverage 1:300
Cashback up to 15% of the broker commission
Free withdrawals
4.ProCent-Account:
This account is for small investments. The position size is 10 x smaller
Fix spreads starting at 2.0 pips and variable spreads starting at 1.3 pips
Minimum deposit 10$
Maximum leverage 1:2000
Cashback up to 15% of the broker commission
Free withdrawals
5.RTrader (Stock Trading)
Spreads starting at 0.0001 USD
0.015 USD commission
Maximum leverage 1:200 (Trading hours)
Maximum leverage 1:4 (After trading hours)
Deposits and withdrawals
There are over 20 methods available for deposits and withdrawals. Capitalizing on the account should not be a problem. The deposits and withdrawals are also completely free! For those who are not satisfied, Roboforex also offers automatic instant payouts. In less than 60 seconds, the application is processed and released. You have 24/7 access to your capital at the broker.
Use credit cards, bank transfers, online transfers, and e-wallets (Neteller, Skrill, etc.) to capitalize on the trading account. In addition, RoboForex has a wallet with which you can save money or carry out transactions. The transactions are very safe and pleasant. There are no hidden costs.
These payment methods are available:
Credit Cards (VISA, Mastercard)
bank wire
E-Wallets (Skrill, Neteller, ePayments)
WebMoney
Online banking
Some deposit and withdrawal methods are depending on your country of residence
RoboForex Trading Platforms
RoboForex offers traders a choice between these trading platforms:
️ MetaTrader 4
️ MetaTrader 5
️ cTrader
️ R Stocks Trader
️ R MobileTrader
MetaTrader 4
Retail traders still gravitate toward using the time-tested MetaTrader 4 platform the most. Our platform is designed to accommodate investors of all experience levels, from novices to seasoned professionals.
In addition to this, the terminal has the MQL platform-specific features and opportunities.
MetaTrader 5
The order execution and distributed computing that is integrated into the MetaTrader 5 (MT5) trading interface make it possible to execute even the most complex trading strategies with relative simplicity.
cTrader
RoboForex offers a Straight Via Processing (STP) access solution for professional traders through its cTrader platform. cTrader is the platform of choice for seasoned investors who want access to a wide variety of order types, level II pricing, and lightning-fast execution.
Spreads
According to RoboForex's trading costs, Namibian traders may expect different spreads based on the account type and trading instrument they choose. Traders might expect the following EUR/USD spreads depending on their account type.
Traders can expect the following:
️ Prime Account – from 0.0 pips
️ ECN Account – 0.0 pips
️ R StocksTrader Account – from $0.01
️ ProCent Account – from 1.3 pips
️ Pro Account – from 1.3 pips
Commissions
Traders might anticipate commission fees based on the trading account they use. Consequently, Namibians might anticipate the following commission fees:
️ ECN Account – $20 per million traded
️ Prime Account – $10 per million traded
Conclusion of the Review
RoboForex gets a very good rating from us on this page. We tested the provider extensively with real money and were surprised by the good conditions.
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.
In summary, we can recommend the provider, since no fraud has been noticed. Regulations, licenses, and sponsorships make the broker a trusted partner.
The advantages:
A regulated and reliable company
International clients are accepted
High leverage is possible (1:2000)
A huge range of markets and assets (More than 12,000)
Free Demo Account
Start with a small amount of money
Program Bonus
Low spreads and commissions
Professional Support
