RoboForex Review: A Comprehensive Look at the Broker
- RoboForex, a global brokerage firm established in 2009, offers a wide range of trading instruments across various asset classes.
Trading Instruments:
- RoboForex provides access to over 12,000 instruments spanning 9 asset classes with trade sizes as small as 0.01 lots and competitive spreads starting from 0 pips.
- Their advanced copy trading tool allows users to connect with thousands of active traders.
- Forex traders can choose from popular platforms including MT4, MT5, and an in-house web trader.
- The CopyFX system enables users to replicate the strategies of experienced currency traders with a minimum investment of $100.
Stock Trading:
- RoboForex offers the option to buy real stock equities or trade via CFDs, including DMA to the NASDAQ.
- Traders have access to thousands of shares and can use the free robot builder for automated trading strategies.
CFD Trading:
- The broker offers a vast selection of CFDs, covering more than 12,000 assets, and provides high leverage of up to 1:2000.
- Micro lot trading is available, along with access to interbank liquidity providers for low fees.
Cryptocurrency Trading:
- RoboForex offers trading in over 30 leading cryptocurrencies against the USD and EUR.
- Cryptocurrencies can be traded on the user-friendly R StockTrader platform, making it accessible for new users.
Awards and Recognition:
- RoboForex has received several accolades, including the "Best Global Mobile Trading App 2020" at the Global Forex Awards B2B.
- They were also recognized as the "Best Broker of the CIS 2019" by IAFT Awards and received awards for the "Best Investment Platform," "Best Educational Forex-Center CIS," and "Best Stock Broker Asia" in 2019.
Leverage and Account Types:
- RoboForex offers maximum leverage of 1:2000 with Pro-Cent and Pro-Standard accounts.
- ECN accounts provide leverage up to 1:500, while Prime and R StocksTrader accounts offer 1:300 leverage.
Deposits:
- RoboForex offers a wide range of deposit methods in 9 different currencies, including USD, EUR, GBP, and ZAR.
- Deposits can be made via international and local bank transfers, card payments, and e-wallets.
- Cryptocurrency deposits are available for non-EU clients, providing a convenient alternative.
Withdrawals:
- The broker provides 13 withdrawal methods, with withdrawal times typically taking just 1 day.
- Withdrawal commissions vary, ranging from 0.5% to 2.8%.
- RoboForex offers a Free Funds Withdrawal program, allowing two commission-free withdrawals per month for eligible accounts.
- Cryptocurrency withdrawals are an option for non-EU clients, adding flexibility to the withdrawal process.
Conclusion:
- RoboForex is a well-established broker offering a diverse range of trading options and platforms.
- With competitive spreads, advanced tools, and accolades in the industry, it caters to a wide range of traders.
- Their extensive deposit and withdrawal options make it convenient for users around the world.
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