Forex Swing Profit

RoboForex Regulation

RoboForex is a well-established online broker that has been operating since 2009. It offers a wide range of trading services for forex and other financial instruments, catering to novice and experienced traders.

This review will thoroughly examine RoboForex’s offerings, including account types, trading platforms, fees, and regulatory status.

 

• Founded: 2009
• Regulation: RoboForex is regulated by the International Financial Services Commission (IFSC) in Belize under the Securities Industry Act 2021, license number 000138/7, reg. number 000001272. It is also a member of the Financial Commission, providing additional client protection through a compensation fund.

• Registered address: 2118 Guava Street, Belama Phase 1, Belize City, Belize.
• Business address: Belize Marina Towers, Barrack Rd., Newtown Barracks, Belize City, Belize.

RoboForex Deposit & Withdrawal

RoboForex Deposits and Withdrawals on RoboForex brokers are not subject to fees or commissions. Usually, commissions or fees are charged from the bank or electronic transfer methods such as Neteller and others. However, the fee’s merchant is not big.

For example, if we withdraw $ 10 via Neteller, we will usually only receive $ 9, xx, because the Neteller fee is around 1.45%. And for the withdrawal method via Electronic payments, it is usually very fast, even instant. That’s from my experience of withdrawing funds trading forex at RoboForex.

There are various options for RoboForex Deposit Methods, such as:

Bank Payments:

• Local Bank Transfer

Electronic payments :

• AstroPay
• Skrill
• Neteller
• Perfect Money
• STICPAY

Bank Cards : 

• VISA/MasterCard/JCB/CUP

QR & Vouchers :

• QR & Vouchers
• Western Union

RoboForex Minimum Deposit

We can start real account trading with only $10 capital.

To ensure the amount of fees charged on each merchant withdrawal method, you can visit the RoboForex Deposit and Withdrawals page.

If you encounter any problems including delays, for example, more than 24 hours after the deposit and withdrawal process has not been executed, you can directly contact via chat support with 24/7 Customer Support on the RoboForex Contact page. RoboForex Live Support specialists are ready to answer your questions at any time convenient for you.

• +593 964 256 286

RoboForex Account Types

RoboForex offers several account types to cater to different trading styles:

1. Pro Account:
   • Minimum Deposit: $10
   • Leverage: Up to 1:2000
   • Spreads: Starting from 1.3 pips
   • Ideal for experienced traders seeking high leverage.
2. Prime Account:
   • Minimum Deposit: $10
   • Leverage: Up to 1:300
   • Spreads: From 0 pips with a commission structure.
   • Suitable for traders looking for low spreads and reasonable commissions.
3. ECN Account:
   • Minimum Deposit: $10
   • Leverage: Up to 1:500
   • Spreads: Average spreads from 0.1 pips.
   • Suitable for high-frequency traders who require tight spreads.
4. Pro-Cent Account:
   • Minimum Deposit: $10
   • Leverage: Up to 1:2000
   • Allows trading in cents, making it accessible for beginners.
5. R StocksTrader Account:
   • Focused on stock trading with unique commission structures.
   • Minimum Deposit: $100 for stock trading.

To learn more about the specifications and offers available on each type of RoboForex account, read the RoboForex Account Types page.

Roboforex Trading Platforms

RoboForex provides access to several trading platforms:

• MetaTrader 4 (MT4) and MetaTrader 5 (MT5): Both platforms are popular among forex traders for their advanced charting tools, automated trading capabilities, and user-friendly interfaces. With 28 currency pairs, Metals, CFD on US stocks, CFD on Indices, CFD on Oil, CFDs on Futures
• R StocksTrader: A proprietary platform designed for stock trading that offers advanced features such as Level II pricing and comprehensive backtesting options. More than 12,000 stocks, Indices, and ETFs on bonds, securities, commodities, etc.
• Web Terminal: Allows traders to access their accounts from any device with an internet connection without downloading software.

Trading Instruments

RoboForex offers a diverse range of instruments:

• Over 8,400 tradable symbols, including:
  • Forex pairs (major, minor, and exotic)
  • CFDs on stocks, indices, commodities, and cryptocurrencies.

RoboForex Spreads

Roboforex spreads are quite tight, to learn more details including Roboforex XAUDUSD spreads and currency pairs on each account type, visit the RoboForex Spreads and contract specifications page.

Fees and Commissions

RoboForex has competitive pricing structures:

• Spreads:
  • Pro accounts start from 1.3 pips.
  • Prime accounts can have spreads from 0 pips but involve commissions.
• Commissions:
  • The Prime account may incur commissions up to $10 per lot.
  • ECN accounts can have commissions as low as $15 per million traded.
• Non-Trading Fees: RoboForex charges inactivity fees for accounts that remain dormant for an extended period.

RoboForex Open Live Account

By opening a new account specifically for the first time on the standard account type or a cent account on the RoboForex broker, you are entitled to a welcome bonus of $ 30.

Simple steps to get a Roboforex welcome bonus of 30 USD :

Funds may only be deposited using China UnionPay, Maestro, MasterCard, and VISA cards. Deposits made through virtual cards issued by payment systems or prepaid cards will not be accepted.

Register with RoboForex to receive a Welcome Bonus of $30 to kickstart your trading journey, with no withdrawal restrictions or hidden fees. This is an excellent opportunity to begin trading and explore the financial markets with a trustworthy and reputable broker!

RoboForex Copy Trading Features

As a form of complete service to all clients, one of these veteran forex brokers also provides RoboForex Copy Trade facility services.

As a customer, if you want to subscribe to trading signals from top forex traders, you just have to choose from the list of top traders available on the RoboForex forex copy service. Of course, the things you must check are the maximum drawdown, trading duration, and commissions charged by them.

It’s different if you want to join as a signal service provider and of course, you will also get a share of the commission that you previously determined for the signal customers you provided, so that they can follow your copy signals service.

In addition, if you want to join RoboForex Copy Trading, of course as a suggestion, you must first test your strategy on a Pro Cent account to see how much the maximum drawdown you produce and the success rate of the speed of your funds growing. If your maximum drawdown is below 30% and your return or capital growth rate is above 50% each month, of course, you are eligible to join the forex copy trade program organized by RoboForex.

RoboForex Pros and Cons

Pros:

• High leverage options up to 1:2000, appealing to aggressive traders.
• Low minimum deposit requirement starting at just $10, making it accessible for beginners.
• Fast and even instant withdrawal process on several fund withdrawal method options.
• A wide variety of account types adapted to different trading strategies.
• Access to advanced trading platforms like MT4, MT5, and R StocksTrader.
• Participation in the Financial Commission’s compensation fund provides additional security for traders.

Cons:

• Limited educational resources and research content were available on the platform.
• The demo account is restricted to a 90-day trial, which may not be sufficient for comprehensive testing of strategies.
• Some account types have higher commissions compared to competitors like IC Markets.
• RoboForex Ltd and its affiliates don’t work on the territory of the USA, Canada, Japan, Australia, Bonaire, Brazil, Curaçao, East Timor, Indonesia, Iran, Liberia, Saipan, Russia, Sint Eustatius, Tahiti, Turkey, Guinea-Bissau, Micronesia, Northern Mariana Islands, Svalbard and Jan Mayen, South Sudan, Ukraine, Belarus, and other restricted countries.

Conclusion

RoboForex offers a solid trading environment with a variety of account types and competitive features suitable for both novice and experienced traders. While it excels in providing high leverage and diverse trading instruments, potential clients should consider the regulatory landscape and the availability of educational resources before opening an account. RoboForex remains a solid choice for those looking to engage in forex trading with flexibility and competitive conditions.