Let use review what RoboForex offers for trading this interesting instrument. As an example, we will use conditions of Pro-Standard account and compare it to conditions of the competitors. We will calculate the costs for the purchase of a lot of USD 5,000 including spread and commission. The broker’s distinguishing feature is the large number of trading accounts that differ in the selection of instruments and trading conditions.

RoboForex has operated for over 12 years, is serving over 1 million clients, and has received over 30 awards, demonstrating its corporate stability. The broker is also very transparent, making all relevant information easily accessible and understandable. On the one hand, RoboForex’s civil liability insurance and membership in The Financial Commission signify its commitment to protecting its clients’ funds.

What is Roboforex?

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This broker does not charge commissions fees on its Pro account, which is its most popular. As per the roboforex review, it provides negative balance protection. The first step to open an account or a demo account on RoboForex for a new account user is to register themselves in the Member’s Area. The type of account you choose will determine the maximum leverage you can get RoboForex and I will review these trading accounts so you can choose the one that suits you better.

Overall, RoboForex is a very good broker that caters to the needs of beginners and advanced traders alike. The five primary account types differ in the number of instruments they afford, the maximum leverage, and the underlying trading costs. Prime and ECN accounts have commissions, but spreads start from 0 pips, while the other accounts afford commission-free trading but with higher spreads.

Opening an Account

Thankfully CopyFX have a huge number of active traders, and more are joining all the time. Traders can find profitable traders, based on trading history, assess performance and set up alerts or signals. When copied traders open or close trades, followers have 100% flexibility on whether to copy the trade immediately or not. The option to trade shares via both traditional methods, but also via CFD derivatives, offers traders more flexibility than they will get anywhere else.

The broker also complies with other standard industry requirements, such as having negative balance protection and segregation of client funds. Perhaps most noteworthy, RoboForex regularly undergoes quality auditing review of order execution on the Verify My Trade service. Verify My Trade audited a sample of 5000 order executions and certified RoboForex for its trade execution precision. This is particularly useful for traders seeking quick and precise order filling, mitigating the risk of slippage. This is made possible by the fact that the broker has 8 liquidity providers, which is well above the industry average.

Worst trading conditions ever

Traditionally, on ECN accounts the financial companies benefit from the commissions on the traded volume. Despite being licensed by a tier-3 offshore regulator (FSC), RoboForex goes above and beyond to ensure the protection of its clients’ funds. The broker has issued civil liabilities insurance and is also a member of the Financial Commission. And there are additional advantages to working with RoboForex, such as its wide range of available account types and trading platforms.

• Additionally, clients of these accounts can credit up to 120% in the Classic Bonus scheme.
• Traders need to be cautious that the CFD on leverage does not amount more than the accounts deposits on RoboForex.
• Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
• The spreads have an aggregate value exchange rate of 1.4 pips for EUR USD.
• Overall, RoboForex is a very good broker that caters to the needs of beginners and advanced traders alike.
• At the same time, we cannot fail to point to a small number of trading instruments on all standard accounts.

The RoboForex R Trader account partners have the accessibility feature of their financial markets recorded in one individual platform. R Trader is a multi-asset web platform, which combines modern technologies, a classic but taken to a new level design, and access to the world’s major financial markets. With the multi-asset R Trader platform, users get the opportunity to take their market exchanges to a whole new level. The cTrader is suitable for Forex traders with advanced trading experience. As per the RoboForex reviews, it also offers a Swap privatized account. Clients can open a fiscal exchange account from the RoboForex homepage and initiate an exchange in an active market.

The 11-year experience on the market that RoboForex has is its biggest argument in favor of reliability. As of May 22, Germany, Russia, Ukraine, Malaysia and Indonesia accounted for the lion’s share of the customers. You can sign up for a real account by clicking Open An Account on the right-hand side of the website.

While RoboForex has several advantages, it also has some potential disadvantages. These include the lack of availability of its services in certain countries, limited research and analysis tools, and occasional server issues that may impact trading. Additionally, while RoboForex offers competitive trading conditions, some traders may find that the spreads and commissions are slightly higher than those of other brokers.

These are ECN-account and R-Trader account with good trading conditions for Forex and stock markets, respectively. Overall RoboForex is a good broker for all levels but their zero-spread ECN accounts and RAMM platforms will be particularly attractive to professional traders. The ECN and Prime accounts are ideal for professional traders looking for spreads from zero pips, whilst the R StocksTrader account supports multi-asset stock trading. Pro-Cent and Pro-Standard accounts are designed for beginners and casual traders. In turn, the R StocksTrader, Pro, and ProCent accounts are a better fit for high-volume traders who execute fewer trades.

For reference, the value of Bitcoin at the moment of calculation (end of September 2020) was around $10,400, Ethereum – $300. The company does not work with residents of the USA, Australia, Canada and Japan. Also, the broker’s disclaimer reads that RoboForex does not target the residents of the EU and EEA – Switzerland, Norway, UK.

If you’re a forex or multi-asset trader currently seeking an online broker that would fill all your needs, then RoboForex could be the forex broker you’ve been looking for. With RoboForex, you have your choice of trading platforms, seven asset classes, a variety of account types and low minimum deposit requirements. In this review, Benzinga describes the many benefits traders can expect from this award-winning international broker. Yes, RoboForex offers mobile trading apps for both Android and iOS devices, allowing traders to access their trading accounts and place trades on the go.

Despite these shortcomings, the mobile app achieves its primary purpose – affording traders access to the market while on the go. They may not be able to carry out comprehensive technical analyses on small-screened devices, but they can monitor the performance of their running trades and make corrections if necessary. The broker incorporates five platforms, including one for investors.

The broker has also been recognized favorably by some of the most respected financial experts. The broker offers a large number of permanent and temporary bonus programs. Noteworthy, you can view web platform of R Trader even without registration. The platform offers 50 indicators for simplified technical analysis. The main instruments of graphical analysis are built into the platform. As we’ve already noted, the majority of brokers working with Muslim countries have swap-free accounts.

Contracts for difference (CFDs) are derivatives used to speculate on the price of the underlying without physical delivery. For example, a long position on gold would generate a profit as the price rises or incur a loss as it falls. One of the biggest advantages of trading CFDs https://forexhero.info/ is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative. The second prominent feature of RoboForex’s MT5 platform is the ‘Strategy Tester’, which can be found at the bottom part of the window.

All the account types listed above can be opened first in a demo account version so you can check out the account’s features before funding a live account of that type. This is a more advanced proprietary platform offered to the holders of ECN and Pro-Standard accounts. It offers a set of instruments that supplements the typical features of MT4 platform.