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RoboForex Review 2024

Last updated Oct 14, 2024
Roboforex is trusted. Tested via live trading.
Roboforex №6 in the Forex brokers list

Highlights of RoboForex

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Roboforex is an international Forex and CFD broker regulated by the FSC of Belize.

The broker provides quality services with low spreads and commissions, as well as loyalty programs and bonuses. Customer service is provided around the clock, and a demo account is available for beginners.

Roboforex stands out for its variety of trading platforms and more than 12,000 trading instruments, which makes it attractive for traders of all levels.

Pros and Cons of RoboForex

Pros

  1. A variety of trading platforms.
  2. Over 12,000 trading assets.
  3. Different types of trading accounts.
  4. Competent 24/7 customer support.
  5. Loyalty programs and bonus offers for clients.
  6. Low spreads and fees.

Cons

  1. Regulation in an offshore jurisdiction.
  2. Beginner traders may find a lack of educational materials.

Roboforex reviews

Логотип Roboforex4.63 из 5На основе 54 отзывов
О чем пишут трейдеры в отзывах о Roboforex?
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Kazakhstan
"I have been trading with Roboforex for a year now and can only leave a positive review about this broker"I have been trading with Roboforex for a year now and can only leave a positive review about this broker. Everything operates smoothly, and the online chat is always available for assistance. They also provide a personal manager from the same country as the client, whom you can contact via phone, WhatsApp, Telegram, and other messaging apps. The website itself is user-friendly and easy to navigate. The leverage on accounts can go up to 1:2000, offering significant trading opportunities. Previously, Roboforex had one of the best forums with excellent payouts and regular contests, but after they stopped making payments, the forum activity plummeted. The bonuses they offered on the forum were truly generous, and I frequently withdrew funds from them. Withdrawals are processed automatically, with delays occurring very rarely, at most an hour. The trading terminals are stable and fast, and their mobile application works flawlessly. Currently, I participate in the broker's contests every week and once won $50.
Support ServiceBonusesWithdrawal of FundsTrading PlatformMobile Application
L
Ukraine
"a completely reliable company"RoboForex is a completely reliable company. I have never encountered any issues with withdrawals, except for one instance related to bonuses. Otherwise, everything operates smoothly and without complaints.
Withdrawal of FundsBonuses
S
Russia
"There are better conditions"I know brokers with better conditions, Robo can be used, but I advise you to look for more favorable conditions, I won't refer to others here, it's not nice
Trading Accounts and ConditionsGeneral Impression
A
Russia
"Overall, everything is okay"Overall, everything is okay, it was a bit unusual at first, but I seem to have figured out the interface. The withdrawal process is also straightforward.
Withdrawal of FundsGeneral ImpressionPersonal Area
IY
Ukraine
"Roboforex is a trustworthy and regulated broker"Roboforex is a trustworthy and regulated broker. The quality of their services is continuously improving. Their spreads are highly competitive. With a solid strategy, you can achieve success without unnecessary obstacles. Profit withdrawals are processed smoothly.
RegulationSpread and CommissionWithdrawal of Funds
Kazakhstan
"Excellent choice for traders"I have been actively trading on Forex with Roboforex for a year now and can confidently say that it is an excellent choice for traders. From the very beginning of our partnership, Roboforex demonstrated a high level of service and professionalism. They offer a wide range of accounts with floating spreads, including cent accounts, which are perfect for beginners. Additionally, the broker provides referral links for their affiliate programs and numerous other bonuses. For those not ready to invest large sums immediately, cent accounts are a great starting point. I have tested all available account types and can recommend any of them — they all operate flawlessly. The support service is always ready to help and responds quickly, except when I am redirected to RoboForexOfficialBot. Roboforex offers competitive spreads, and order execution is instant and without slippage. Withdrawals are processed without delays, including transfers to Visa bank cards. The only downside is the withdrawal fee, but it is standard among most brokers. It is a bit disappointing that my earnings haven't increased significantly yet, but I am confident this will change over time. Overall, Roboforex is a reliable offshore broker that deserves trust.
General ImpressionTrading Accounts and ConditionsSupport ServiceSpread and CommissionOrder ExecutionWithdrawal of Funds
Ukraine
"Reliable Broker with Some Challenges"I engage in independent trading and utilize bonuses earned from participating in contests. I've been trading with RoboForex for over six months — during this time, no one has ever opened or closed my trades without my consent. There were some issues with withdrawing funds, but I never had to contact support.
Trading AssetsWithdrawal of Funds
R
Netherlands
"Good and Reliable Broker"Good and reliable broker. However, communication with the support service could be faster. Spreads on the ECN account are twice as high as, for example, at ICmarkets. They are acceptable, but the difference is noticeable. As a result, the profit is slightly less. I chose Roboforex because of the good service. They warned me about the changed leverage rules in Europe. Because of this, I switched in time. I have been with Roboforex for many years and have been very satisfied. 11-04-2023. A small update, communication with the support service is excellent. They respond quickly, help, and are friendly. I have been with them since 2016 and have never had any problems. They do not have aggressive advertising. They will never force you to trade, but they will not give you trading advice either. Thus, they will never deceive you. For me, Roboforex remains one of the most reliable brokers that have existed for a very long time.
General ImpressionSupport ServiceSpread and CommissionAnalytics
Uzbekistan
"Broker with a Wide Range of Tools and Excellent Support"Roboforex is a commendable broker by modern standards. They offer a wide array of trading instruments, various methods for depositing and withdrawing funds, and excellent customer support. Notably, they provide cent accounts, allowing traders to test their strategies without the risk of losing large sums. Order execution is generally smooth, but during news events or the opening of trading sessions, spreads can widen significantly, which should be taken into account to avoid unexpected stops. So far, I haven't encountered any issues with withdrawing funds (I have withdrawn small amounts ranging from $100 to $500). One downside is the internal currency exchange rate, which isn't always as favorable compared to bank rates.
Trading AssetsAccount FundingWithdrawal of FundsSupport ServiceOrder ExecutionSpread and Commission
MS
Belarus
"Reliable Broker with Fast Service"I have been using RoboForex for some time now and can say that this broker has become my favorite! I am especially impressed by the speed of depositing and withdrawing funds, particularly when using cryptocurrency - all transactions are completed in less than 10 minutes. I mainly trade currencies, and in this area, RoboForex is truly an excellent broker! Spreads and commissions are lower compared to other companies. There's no difference between real-time charts and what I see on the RoboForex platform; the broker doesn't manipulate prices. Whenever I had any questions, I always reached out to their support service. The specialists know their business and are always ready to help quickly, unlike some other companies where you wait for a response for days! Of course, no broker is perfect, and RoboForex has some drawbacks. Sometimes, in the first hour after the exchange opens, there are minor delays in order execution, lasting only a few seconds. But this isn't critical for me, as such issues last no longer than an hour after the market opens. Overall, if you're looking for a reliable broker with fast operations, a wide selection of trading instruments, and responsive technical support, I confidently recommend RoboForex.
Account FundingWithdrawal of FundsTrading AssetsSpread and CommissionSupport ServiceTrading PlatformGeneral Impression
RN
Belarus
"Reliable Broker with Favorable Conditions"I have been trading with RoboForex for over two years and cannot find any negative aspects of this broker. Their trading conditions are better than those of larger companies. Spreads on ECN accounts are minimal, making scalping EUR/USD a true pleasure. Yes, sometimes during high volatility, spreads widen, but I do not trade during news events, so this is not a concern for me. I use the free VPS provided by the company and am unsure if other brokers offer the same conditions. Algorithmic trading is also possible – I have two robots running on my VPS, generating a small but stable profit. The broker does not create obstacles, funds are withdrawn on time, and if you withdraw money on the first and third Tuesday of the month, it is done without commission.
Trading Accounts and ConditionsSpread and CommissionWithdrawal of FundsSupport ServiceVPS/VDS ServersTrading AssetsGeneral Impression
RN
Netherlands
"Decent broker"Decent broker. Although I tested some advisors on different brokers and got different results. Not sure if they have the best trading conditions among all brokers, but the withdrawal of money is fast. There is one drawback: the swap fee. You can't hold a position for a long time because of the swap. This concerns the nature of Forex and how banks, major players manipulate the market. Thus, the likelihood of losing money in Forex is much higher than making money, which, in my opinion, is the main goal of involving a retail investor in this type of market. Therefore, I think that 90% of retail investors ultimately lose their money, despite their experience.
Trading Accounts and ConditionsWithdrawal of FundsSpread and CommissionGeneral Impression
GB
United Kingdom
"I am very satisfied"I am very satisfied. They were very informative and explained everything to me in detail. They provide excellent customer support service
Support Service
JVD
Netherlands
Проверен"Copy-trading didn't work out"Simple account setup. A manager is available for assistance, but still got a stop-out a month after investing in a promising copy-trader. The results were unsatisfactory, but the broker is not at fault.
Personal AreaCopy Trading
Ответ Roboforex:
Dear Jan van Dijk, Thank you for your feedback. We deeply regret your trading setbacks. When trading or investing, one should always consider their level of experience. Copy-trading entails additional risks to your investment portfolio due to the nature of such products. If the risks seem unclear to you, please seek independent advice from a specialist. Sincerely, RoboForex
ASK
Turkey
"The price of XAUUSD differs from other brokers"Roboforex is the worst and most manipulative broker I have ever used. Anyway, my ID is 9319050. Today (August 9, 2021), I received a margin call on gold, whereas the price did not reach the standard price as with other brokers. Why is the gold price not the same as with other brokers? All other brokers have a price range of 1678.00-1687.00 (Hextra Prime, Bold Prime, Tradingview, etc.), while your price is 1610? (what is this?) Please give me your response as soon as possible, otherwise, I will be forced to file a complaint with FINRA.
General ImpressionQuote Pricing
Ответ Roboforex:
Dear Amir Soheili khah, if you have any questions regarding order execution or the operation of the trading platform, please contact the company's dealing department via a ticket from your Personal Account. Ticket responses are provided with high priority within the timeframes established by the regulations. Sincerely, RoboForex
AM
Russia
"Generous Bonuses and Fast Withdrawals"Roboforex is truly one of the most generous dealing centers I've worked with! They frequently offer bonuses and hold contests where you can win trading funds. There are two no-deposit bonuses of $15 each available for new traders. I have been trading with this company for almost 10 years and am completely satisfied with our collaboration. During this time, I have won several contests that are held regularly. The variety of trading accounts is extensive, ensuring that every trader can find a suitable option. I have tested all types of accounts and can confidently recommend any of them – all operate at a high level. The support service is convenient and responds promptly to inquiries. Roboforex offers competitive spreads, and order execution is instant with no slippage. I have made multiple withdrawals, and the funds always arrived immediately. Undoubtedly, Roboforex is one of the best offshore brokers in the market.
General ImpressionBonusesTrading Accounts and ConditionsSupport ServiceSpread and CommissionOrder ExecutionWithdrawal of Funds
JB
United States
"Very good broker"Very good broker, I like their rate plans
General ImpressionTrading Accounts and Conditions
CB
France
"High-Level Broker"High-Level Broker
General Impression
SP
India
"My experience with this broker"I have worked with several brokers, but Roboforex provides faster withdrawals... this is a next-generation broker.
Withdrawal of FundsGeneral Impression
MA
Belgium
"good support"Good support, very fast withdrawals, good trading platform, best place for long-term investments, various types of accounts, and normal spreads...
Support ServiceWithdrawal of FundsTrading PlatformTrading Accounts and ConditionsGeneral ImpressionSpread and Commission
EB
Russia
"Reliable Broker with Flexible Terms and Fast Withdrawals"I have been trading with Roboforex since 2012 and can confidently say that it is one of the most reliable dealing centers in the market. From the very beginning, the company provided a high level of service and professionalism. A wide range of different account types with floating spreads allows every trader to find a suitable option. There are no-deposit bonuses available for new clients, making the start of trading even more attractive. Roboforex does not require large deposits, offering the possibility to open accounts with minimal investments. Even on ECN accounts, you can start trading with $10, which is rarely found with other brokers. The long-standing copy trading system and the presence of many experienced managers confirm the company's seriousness. Withdrawals are processed without delays, regardless of whether you are withdrawing your own funds or profits from bonuses. The money arrives instantly upon your request. I operate with offshore registration, and the verification was quick and hassle-free. A wide selection of payment systems makes it easy to fund and withdraw accounts. For example, if you deposit $50 via WebMoney, you can only withdraw it to the same WebMoney account until the full withdrawal is made. Overall, Roboforex is trustworthy and an excellent choice for traders seeking flexible terms and a reliable partner.
General ImpressionBonusesTrading Accounts and ConditionsCopy TradingWithdrawal of FundsAccount FundingVerification
Ukraine
"A Reliable Broker with Fast Execution and Favorable Conditions"I have been trading with RoboForex for a year now and can confidently say that it is a reliable brokerage company. All accounts offer market execution, eliminating requotes and ensuring quick opening and closing of positions. I have had no issues with withdrawals — all transactions are processed without delays. When I opened my account, I received a no-deposit bonus and managed to earn a small profit. I had some doubts about whether the funds would be withdrawn, but RoboForex fulfilled all requests without any questions. Later, I participated in numerous contests, won several prizes, and successfully withdrew the profits again. The main advantages of RoboForex are the reasonable spreads and low commissions, making trading profitable. Although the spreads are not the smallest in the market, the commissions compensate for this. I also appreciate the stability of the trading terminals and the excellent performance of the mobile application. Participation in contests continues, and I occasionally win additional funds. I recommend setting take profit orders in advance, especially during high volatility or the release of important news, to avoid terminal delays. The only downside is the small withdrawal fee, but this is standard practice among brokers.
General ImpressionOrder ExecutionWithdrawal of FundsBonusesSpread and CommissionTrading PlatformMobile Application
RQ
Spain
"Good broker with low commissions"This is a good broker with low commissions and the ability to open cent accounts for testing real trading with a small capital. Complaints are about trade copying, not the broker itself. If people do not read the terms of the trade copying system, it is not the broker's fault.
Trading Accounts and ConditionsCopy TradingGeneral ImpressionSpread and Commission
JF
Spain
"Excellent Broker"Negative reviews come from clients who copied the operations of certain traders. Of course, if a BOT or trader loses their capital, then the clients will too. (just like in eToro). Everything else is excellent - fast withdrawals, low commissions, and a wide range of instruments.
Withdrawal of FundsTrading AssetsSpread and CommissionCopy Trading
FV
Spain
"I was able to withdraw all my profits"I managed to withdraw all my profits. I tried 3 types of withdrawals: bank transfer, card, and cryptocurrency. The money arrived very quickly. I am very satisfied and will continue to work with this broker. Greetings to all!
Withdrawal of FundsGeneral Impression
RS
Ecuador
"Support service does not respond"The Support Service department keeps sending me messages that a manager will call me. Your website states that support operates 24/7, and I call, but no one answers. I have been facing this issue for three days now, and all I get is the message: "My name is ****, Technical Support Manager. As we have already mentioned, we have forwarded the information to the manager. He will call you as soon as possible. Please wait for the call." I have already waited all day, and I cannot log into my MT4. Please provide me with guidance, not just messages that my information has been forwarded to the manager. You call yourself a Technical Manager, but you cannot provide proper guidance. I have already deposited money into my account. Today, 18/06/2021, manager Alberto Lado called me and helped me with the issue of logging into my MT4, thank you. I have a lot of evidence that you are not a serious company. I have screenshots that prove my words, and they still have not responded from their support service department. There is no way to upload screenshots showing that I called your support service department today, yesterday, and 3 days ago. It is disrespectful that they make me wait for 3 days in a row. They only write that my information is being reviewed by the manager... how long, damn it. On 18/06/2021, finally, a RoboForex manager contacted me regarding my complaint about the lack of sufficient technical support to transfer my balance to another RoboForex account. They said that "they cannot just call me from the same number that contacted me when opening an account in Forex Robo… Today, after several emails and 3 days after requesting this transaction, I was helped, today everything was resolved thanks to a 10-minute call... Anyway, thanks to the support service department for finally helping me. Thank you, Alberto Lado
Support ServiceGeneral Impression
Ответ Roboforex:
Dear robertninja silva, unfortunately, your message does not contain the necessary data for processing and responding to it. Please provide your account number or the request number that you submitted to our support service in real-time. If you have not yet created a request, you can do so in your Personal Account and describe all the details of the situation you encountered. We are constantly striving to improve the efficiency of our work, and your feedback will certainly help us in this. Sincerely, RoboForex
RNN
Iran
"I am very satisfied with the work of this company"I am very satisfied with the work of this company in refunding the commission withheld by WebMoney from my account during the deposit. They have good support... The only drawback of this company is the weak servers, which sometimes go down for a few minutes.
Account FundingSupport ServiceVPS/VDS Servers
Ответ Roboforex:
Ramin Nik nam, thank you for your feedback. We have added two new servers for the MetaTrader 4 platform. If you have any questions, please contact our 24/7 customer support service. We will be happy to assist you! Sincerely, RoboForex
MK
Austria
"No issues with fund withdrawals"No issues with fund withdrawals! I don't understand some of the reviews! Perhaps some people are missing documents?!
Withdrawal of Funds
Ответ Roboforex:
Hello, Mario Koller! Thank you for your review and attention to our company's activities. Sincerely, Your RoboForex
E
Venezuela
"Everything is fine with me"Everything is excellent with me, I was able to earn a profit and withdraw it without any issues. I am satisfied.
General ImpressionWithdrawal of Funds
Ответ Roboforex:
Good morning, Edgard! Thank you very much for taking the time to write such a positive review. We are very pleased that our services left a good impression on you. Sincerely, RoboForex.
M
Germany
"Low commissions, but significant slippage"Spreads are fine, rather narrow... only occasionally quite large. Commissions are super low. That's cool. Order execution speed can be quite slow, leading to slippage on trades of 1M or 5M volume. In my opinion, this is a drawback. If this problem were resolved, I would use Roboforex as my primary broker. Financially, I had no issues. Support was always available. I only give 4 stars due to occasional delays in order execution.
Spread and CommissionOrder ExecutionWithdrawal of FundsSupport Service
Ответ Roboforex:
mmiller, thank you for your feedback. If you have any questions regarding our company's services, please contact our 24/7 online support. Sincerely, your RoboForex.
K
Germany
"Withdrawal works without problems"Withdrawal works without problems, and it is completely commission-free on the first and third Tuesday of each month.
Withdrawal of Funds
Ответ Roboforex:
Hello, dear client. Thank you for taking the time to leave an honest review about our company. Sincerely, your RoboForex.
C
United Kingdom
"Honest review after almost a year"I have been using this broker since August 2020, and here is my honest review. Support - Very often they do not provide live support, but ask to submit a ticket so that a specialized expert can respond. Withdrawals - Quite expensive, but always arrive on time as per the regulations. Selection of assets for trading - Poor, only the main set of stocks, very rarely something new is added. CopyFX - Excellent service, although the statistics displayed on the trader ratings are not very accurate. So, in short - I would trust them with an amount up to $10,000, but I would be cautious with larger sums.
Support ServiceWithdrawal of FundsTrading AssetsCopy TradingGeneral Impression
Ответ Roboforex:
Dear Curly, thank you for taking the time to write such a detailed review about our company. We always strive to improve the efficiency of our work, and this message will help us in that. Regarding the points you mentioned, we would like to note the following: Requesting contact with our support service through a ticket from your Account - because in some cases, resolving the issue requires contacting specialized experts from other departments of the company - for example, the payment department, the trading department, etc. Free withdrawals are available to traders once a day on the first and third Tuesday of each calendar month. Full information about the promotion can be found in the 'Free Withdrawals' section (Promotions -> Funds -> Commission-free Withdrawal). On our R Trader platform, traders have the opportunity to choose from more than 12,000 assets for trading, and new assets are constantly being added. Sincerely, RoboForex
AM
Ukraine
"Reliable Broker with Fast Withdrawals and Excellent Conditions"I have been trading for a long time and continue to do so to this day. The main advantage of this broker is the fast withdrawal of funds, regardless of the amount. Withdrawals often occur automatically, including on weekends, which I have not encountered with other brokers. In addition to quick withdrawals, excellent trading conditions are provided. ECN accounts are offered with a minimum deposit of just $10, floating and low spreads, often reaching zero on major currency pairs and market spreads on cross-currencies. Order execution is very fast. There is a welcome bonus of $30 and bonuses for account deposits, but be aware that some bonuses do not participate in drawdown reduction. Besides trading, there are several additional advantages, such as the ability to create trading robots on a special platform without programming skills. There is also an analytical portal with materials useful for trading. My review is positive, I recommend working with this broker.
Withdrawal of FundsTrading Accounts and ConditionsSpread and CommissionOrder ExecutionBonusesGeneral Impression
C
Zimbabwe
"I can't understand why people complain about this broker"I can't understand why people complain about this broker. This broker has the fastest withdrawals I have ever seen. I really adore it. I haven't encountered any problems with this broker so far.
Withdrawal of FundsGeneral Impression
Ответ Roboforex:
Dear Calvin, we would like to thank you for your positive feedback on our work and activities, and we hope to continue meeting your expectations in the future. Sincerely, RoboForex
C
Germany
"Roboforex - reliable broker"Most of the negative reviews about Roboforex, in my opinion, make no sense. The broker is very reliable, and deposit and withdrawal operations take no more than two days. I personally use an ECN account to avoid any limitations on how much a trader can earn and to prevent conflicts with the broker. My acquaintance withdrew about 200,000 euros from Roboforex over 10 years, and everything went smoothly and without issues. So far, I can recommend RBFX without any reservations. Regards.
General ImpressionWithdrawal of FundsTrading Accounts and ConditionsAccount Funding
Uzbekistan
"Leading CIS Broker with User-Friendly Interface and Excellent Support"In my opinion, Roboforex is the best company in the CIS market today. Everything is well-balanced and harmonious. The personal account is very user-friendly. The verification process is straightforward: it requires phone number confirmation and uploading scans of your passport and registration, which happens quickly. I trade on a standard account myself. The spreads are average for the market, ranging from 1 to 3 pips. However, during major economic news releases, spreads can widen significantly, so it's better to avoid limit orders during these times. Overall, I have not experienced any slippages or requotes. The platform offers all popular trading software and a wide range of trading instruments. Customer support is of high quality, always available, and strives to resolve most issues immediately. In the personal account, you can view your personal manager’s information and how to contact them. When registering a new client, you can receive a $30 no-deposit bonus. The catch is that to receive it, you must first deposit $10 exclusively using a personal bank card. After receiving the bonus, you can immediately withdraw your own funds and trade purely on the no-deposit bonus. I would also like to mention the contests held by the company. There are several, each with its own unique features. To participate, a client must complete full verification and register on the forum. I want to note that securing a prize-winning position in any of these contests is very challenging due to high competition and substantial prizes that attract professionals. Withdrawals are perfect—just a few seconds. As soon as you confirm the withdrawal request, the money is already in your wallet, at least on WebMoney. One thing is missing. For some reason, the Russian-language forum has disappeared. The forum still exists, but there is no Russian segment or translation option. I asked in the chat, and they said it would come back someday. Overall, the company's forum is quite interesting. I recommend the company to everyone without exception.
Personal AreaVerificationSpread and CommissionTrading AssetsSupport ServiceBonusesWithdrawal of Funds
Kazakhstan
"Reliable brokerage company"I have been collaborating with RoboForex for a long time and can say that it is a reliable brokerage company. During trading, I did not encounter significant issues, except in situations of high volatility or when important news is released, causing the terminal to lag slightly, which is undoubtedly a downside. Therefore, I recommend setting take profit orders in advance. The support service on the website responds promptly, and the verification process went smoothly. Deposits are instant, and withdrawals are also problem-free. The website offers various bonuses that require fulfillment of conditions and often exceed the initial deposit amount significantly. Therefore, if possible, it's better to avoid using bonuses.
Trading PlatformSupport ServiceVerificationAccount FundingWithdrawal of FundsBonuses
Uzbekistan
"One of the Top Forex Brokers in the CIS with Excellent Conditions"In my humble opinion, Roboforex is among the best forex brokers in the CIS market. I trade on an ECN account and can highlight outstanding order execution and timely withdrawals. The spreads are tight, and commissions are minimal. Additionally, Roboforex hosts its own contests where participants have the chance to win real prizes. The broker has many advantages, outweighing the few drawbacks. One downside is that technical support can sometimes respond slowly, but this is not a critical issue. Overall, if you are looking for a reliable broker, I recommend Roboforex. I rate the broker 9.5 out of 10.
General ImpressionOrder ExecutionWithdrawal of FundsSpread and CommissionSupport Service
IK
Belarus
"Excellent Broker with Diverse Contests and Fast Withdrawals"I registered with this company in December 2017 and have considered it excellent ever since. I especially appreciate the variety of contests catering to all tastes, lasting from a month to two days. They offer various trading instruments, which led me to start trading CFDs. **The withdrawal process** pleasantly surprised me with its speed and instilled great respect for the company. I simply initiated a withdrawal, and within seconds, the funds appeared in my WebMoney wallet. I want to express my sincere gratitude!
General ImpressionWithdrawal of Funds
SM
Germany
"Roboforex – an excellent broker for trading"Roboforex – an excellent broker for trading. I have had no issues with this broker. I do not understand the bad reviews about it. Unfortunately, my German is not good enough to write more about the advantages.
General Impression
RU
Bangladesh
"Excellent quality of services overall"I have been here since 2015 and I believe the quality of services is good, overall excellent. I don't understand why someone leaves negative reviews. Keep up the good work, bots...
General Impression
A
Belarus
"Reliable Broker roboforex.by: Excellent Conditions and Fast Withdrawals"roboforex.by is one of the reliable brokers I have been working with for over five years. They offer excellent spreads and a high speed of order execution. The withdrawal process takes up to 15 minutes, and I have never encountered a $100 withdrawal limit breach. Moreover, this broker allowed me to grow my account from a $15 deposit to over $1,500 and successfully withdraw my profits. Thanks to the license from the National Bank of the Republic of Belarus, roboforex.by is particularly attractive for Belarusians, as trading with this broker allows you to avoid paying taxes and is fully compliant with our country's legislation. I recommend carefully studying the information about which country's license you are opening your account under, as it mainly pertains to bonus offers, though it can be an important factor for some.
General ImpressionSpread and CommissionOrder ExecutionWithdrawal of FundsRegulation
Uzbekistan
"One of the Most Reliable Brokers in the Market"In my opinion, Roboforex is one of the most reliable brokers in the market. I have been collaborating with them for a considerable amount of time, and all contentious issues that arose were resolved promptly. The broker acknowledged their mistakes and fully compensated for them. The trading conditions are excellent; however, occasional slippages can be noticed, especially during the release of significant news when spreads may widen in one direction. Order execution is fast. Previously, there were many bonuses and promotions, but most of them have been discontinued. However, this has not affected the company's reputation in any way. Withdrawals are processed quite quickly, and there are numerous deposit and withdrawal methods available. Customer support works wonderfully. In addition to the main support, there is a personal manager who is always ready to assist when problems arise.
Support ServiceTrading Accounts and ConditionsOrder ExecutionBonusesWithdrawal of Funds
ST
South Korea
"Traded with RoboForex for about a year"I traded with RoboForex for about a year. Earned some profit and so far had no issues with withdrawing profits and deposits. I only traded in the metals market and the forex market. I don't know what happened with other clients, but in my case - five stars.
General ImpressionWithdrawal of FundsAccount FundingTrading Assets
Ответ Roboforex:
Dear user SyouKe TV. We thank you for your positive feedback on our work and hope to meet your expectations in the future. Sincerely, RoboForex manager.
Kazakhstan
"The company is excellent: fast withdrawals and great conditions"This company stands out for its fast withdrawals and provides very good conditions for trading in the Forex market. I am satisfied with its performance. It would be great to have the ability to trade binary options on MT4. I hope this feature will be available in the future. If the company adds account options for binary options, it will secure the top spot in the global ranking.
Withdrawal of FundsTrading Accounts and ConditionsTrading PlatformGeneral Impression
VF
Australia
"Good Copy FX Service"Good Copy FX service. I used it for 1 month and it didn't make me rich, but I didn't lose everything overnight either. ;-) I think I will continue to use it further.
Copy Trading
PV
Belarus
"Roboforex is undoubtedly the best dealing center I've worked with!"Roboforex is undoubtedly the best dealing center I've worked with! The speed of opening and closing positions is top-notch, with no slippage experienced. During sudden volatility spikes, spreads do not skyrocket like those of other unreliable brokers. Recently, they implemented automated profit withdrawals! Previously, I had to wait several hours for transfers, but now the money arrives almost instantly. Excellent innovation! All my friends who trade with Robo are also satisfied—I haven't heard a single negative review. It's just a pity that they discontinued their bonus promotion for forum participation :( Additionally, Roboforex offers commission-free withdrawals and deposits, whereas other brokers may charge up to 3.5% for withdrawals.
General ImpressionOrder ExecutionSpread and CommissionWithdrawal of FundsBonusesAccount Funding
Iran
"Reliable broker with minor drawbacks"I have been trading on this broker's ECN account for a year now. The spread here is slightly higher, and there is no swap-free account and no overnight commission-free account. The advantages of this broker are a fully functional personal account, convenient and automatic deposits and withdrawals at any time, 24/7 online support, and the copyfx site (a very useful platform, I use it with pleasure). I thank the managers of this broker.
Personal AreaWithdrawal of FundsSupport ServiceCopy TradingSpread and CommissionTrading Accounts and ConditionsAccount Funding
Ответ Roboforex:
Dear ProGMR 1366. We would like to thank you for your positive feedback on our operations and activities and hope to meet your expectations in the future. Sincerely, RoboForex Manager
SS
Indonesia
"The broker is not bad"The broker is not bad. I have won their contests several times, and they always paid me the winnings. When I withdrew my profit, the process was very fast, I used Fasapay, and within a few seconds, the money was in my account.
BonusesWithdrawal of FundsGeneral Impression
Ответ Roboforex:
Dear Sam Samsudin, we would like to thank you for your positive feedback on our work and activities and hope to meet your expectations in the future. Sincerely, RoboForex Manager.
A
Russia
"Low spreads and flawless withdrawals"Low spreads and flawless withdrawals make this broker a reliable trading partner for 8 years.
Spread and CommissionWithdrawal of FundsGeneral Impression
Ответ Roboforex:
Thank you for your review. RoboForex team.
NA
Kazakhstan
"Roboforex - a reliable company"In my opinion, Roboforex is one of the most reliable companies in the market. I have been trading in the Forex market for almost 6 years, and 4 of those years with this company. I can confidently say that the broker fulfills its obligations to traders, and I have never encountered any issues with trading conditions or delays in payments. This is my personal experience.
General ImpressionTrading Accounts and ConditionsWithdrawal of Funds
Uzbekistan
"Roboforex is a commendable broker"Roboforex is a commendable broker offering numerous methods for depositing and withdrawing funds. The company has well-developed services for managers and investors, and it operates its own active forum. However, the spreads could be slightly better. Although there is an automatic spread compensation program, it is not always clear what the actual net spread is. During major news releases, and sometimes even otherwise, order execution can experience significant slippage.
Account FundingWithdrawal of FundsSpread and CommissionOrder Execution
S
Thailand
"Best Broker"Best Broker
General Impression
Denmark
"Honest and transparent broker"Honest and transparent broker. Love it :)
General Impression

Leave a review of your experience:

Rating:

RoboForex Broker Overview

Foundation Year2009
Official Websitehttps://roboforex.com
Regulated in CountriesBelizeMore Details
Minimum Deposit
  • 10 USD
  • 10 EUR
Spreadfrom 0 points
Max Leverage1:2000
Trading Assets
  • Forex
  • Indices
  • Stocks
  • ETF
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Futures
Trading Platforms
  • MetaTrader 5
  • MetaTrader 4
  • R WebTrader
  • R MobileTrader
  • R StocksTrader
Email Support
  • info@roboforex.com
Hotline Phones
Social Media

RoboForex was founded in 2009, and from the outset, it entered into competition with the most renowned brands in the Forex market, such as Alpari and AMarkets. The company’s first clients were quite favorable in their opinions, so within a couple of years, the RoboForex brand was already a frequent topic on trading forums and blogs.

The rapid rise in popularity had clear reasons. RoboForex offered a flexible range of tariffs: professionals could trade on ECN accounts with market execution, while beginners discovered micro accounts with a minimal entry threshold. Moreover, the broker fulfilled its obligations to clients with integrity, ensuring prompt withdrawal of funds, providing accurate market quotes, and offering high-speed order execution. All this allowed RoboForex to join the top Forex brokers list within just a few years.

Additionally, RoboForex introduced a fundamentally new investment product — CopyFX. This platform allowed the automatic copying of trades from successful traders, providing RoboForex clients the opportunity for passive earnings. The product was so in demand that competitors soon began offering their copy trading services. Nearly 6,000 traders operate on the CopyFX platform, many of whom generate a stable profit.

Today, RoboForex is among the market leaders in Forex. It boasts over 12,000 trading instruments, convenient platforms, and a solid reputation among traders.

RoboForex’s central office is located in Belize. Thus, the broker’s client geography is without territorial limits.

Roboforex is in the top 10 of the following ratings:

RoboForex Review Summary

Below are our assessments of the RoboForex broker based on various criteria:

We applied our methodology to ensure a fair and independent analysis of the broker. We considered various aspects of the broker's activities, including its regulation, products offered, quality of service, and more.

Read on to learn more about the RoboForex broker and why it receives such positive reviews.

Reliability and Regulation

Rating:3.6/5
Legal EntityRegulator

RoboForex is regulated by the financial authority of Belize and has additional protective measures for its clients, making it a sufficiently reliable company. Here are some key aspects:

  1. Regulation. RoboForex is licensed by the Belize International Financial Services Commission (IFSC). This means it adheres to this organization's strict financial standards and regulatory requirements.

  2. The Financial Commission. RoboForex is a Category "A" member of The Financial Commission, an international organization that resolves disputes between its members and clients.

  3. Compensation Fund. RoboForex participates in the FinaCom Compensation Fund, which ensures payouts of up to 20,000 EUR if a member fails to comply with a Financial Commission's ruling.

  4. Civil Liability Insurance. RoboForex has implemented a civil liability insurance program with a limit of 2,500,000 EUR, providing coverage for negligence, fraud, errors, and omissions.

  5. Verify My Trade (VMT). RoboForex has successfully passed the Verify My Trade (VMT) order execution quality certification, affirming its compliance with the high standards set by The Financial Commission.

Thus, RoboForex takes serious measures to protect its clients and ensure compliance with high standards. However, it should be noted that RoboForex does not hold licenses from highly authoritative regulators like the FCA, ASIC, or CFTC, which require stricter adherence to standards and provide greater assurances for investors.

Account Opening

Rating:5/5

Registering on the company's website requires little time or complicated actions. Additionally, the ability to choose the type of account during registration is a plus. This can be useful for those who want to trade on a real account.

How to Open an Account with RoboForex

To open a real or demo account, visit the registration page of the official RoboForex website (https://my.roboforex.com/en/register/).

Fill in your personal information. Note that all data must be entered using Latin letters. If you have a valid international passport, enter your first and last name exactly as it appears in the document — this will be useful when verifying to open a real account.

Creating an account in RoboForex
Creating an account in RoboForex

Next, the broker will offer to choose the type of account — real or demo. If you're unsure of your choice, there's no need to worry: you can later create any other account through the RoboForex personal cabinet. So, confidently select any option and click "Confirm".

Choosing a RoboForex trading account
Choosing a RoboForex trading account

Registration on RoboForex is complete. Don't forget to check your email: a link to confirm your new account will be sent there.

RoboForex Member Area

To log in to your personal cabinet, use the address https://my.roboforex.com/en/login/.

Here's a brief overview of where to find the main features:

  • Accounts — create new and modify existing accounts (and change the account to inactive status, as deleting an account is impossible), view trading history.
  • Funds — deposit and withdrawal, bonuses, internal currency exchange rate.
  • Profile — verification, profile settings and personal data, rebates, and promotions.
  • Partner — section for participants in the RoboForex affiliate program.
  • Investments — the CopyFX service.
  • Help — download trading terminals, and support service.

Identity and Address Verification

After creating an account, RoboForex will ask you to verify your identity and address.

Verification is necessary if you plan to:

  • Trade on a real account;
  • Invest through the CopyFX service. Verification is not needed for a demo account.

In theory, you can also start actual trading without verification documents, but the broker has the right to block such an account. In practice, this is exactly what happens; otherwise, the company risks sanctions from the financial regulator. Furthermore, without a verified profile, the broker will not allow you to withdraw funds from the account.

You can complete the verification anytime, not right after registration. To do this, log in to your account and select "Profile" -> "Verification" from the top menu.

How to proceed to verification at RoboForex
How to proceed to verification at RoboForex

Then, follow the instructions on the "Verification" page.

RoboForex Verification Page
RoboForex Verification Page

Verification takes place in two stages:

  1. Identity confirmation. For this, you must upload a photo of your international passport or, if you don't have one, a copy of your national passport.
  2. Address confirmation. The simplest option is to send a photo of the page with your registration. A bank statement indicating the account owner's address is also accepted for verification. Only statements from the last 6 months are accepted.

Verification usually takes no more than a couple of days.

Minimum Deposit

The minimum deposit on RoboForex depends on the type of trading account you choose.

  • For Pro, Pro-Cent, ECN, and Prime accounts: the minimum deposit is 10 USD.
  • For the R StocksTrader account, the minimum deposit is 100 USD.

Account Types

Rating:4.8/5

RoboForex accounts offer a diverse range of trading conditions to meet the needs of different categories of traders, whether they are beginners, professionals, or those who prefer investing.

While the commission calculation system on the R StocksTrader account may seem complex, it offers the unique opportunity to trade real stocks, which sets RoboForex apart from many other brokers.

Forex and CFD accounts offer various levels of leverage and commissions, allowing traders to choose the most suitable option.

Copy trading through the CopyFX platform can be an attractive opportunity for those looking for passive income.

RoboForex Trading Accounts

RoboForex offers 5 types of accounts, which differ in commissions and trading opportunities.

ProPro-CentECNPrimeR StocksTrader
Account CurrencyUSD, EUR, CNY, GOLDUSD, EUR
Minimum Deposit10 $10 100 $
Trading PlatformsMetaTrader 5MetaTrader 4R WebTraderR MobileTraderR StocksTrader
Spreadfloatingfrom 1.3 pips~ 1.4 pipsfloatingfrom 0 pipsfor EURUSD~ 0.1 pipsfloatingfrom 0 pipsfor EURUSD~ 0.1 pipsfloatingfrom 0 USD
Commission per Tradeper $1M turnover20 $per $1M turnover10 $per $1M turnover~ 15 $
Trading AssetsForexIndicesStocksETFPrecious MetalsEnergy CarriersSoft CommoditiesForexPrecious MetalsForexIndicesStocksETFPrecious MetalsEnergy CarriersSoft CommoditiesForexIndicesStocksETFPrecious MetalsEnergy Carriers
Opened Positions
Leverage1:1-1:20001:1-1:20001:1-1:5001:1-1:3001:1-1:300
Margin Call / Stop Out50% / 20%40% / 20%60% / 40%100% / 100%40% / 20%
Order ExecutionSTPMMECNSTP
Demo Account
Islamic Account
RegisterRegisterRegisterRegisterRegister

The table includes two more points that require explanation for novice traders — Stop Out and Islamic accounts.

Stop Out is the level at which a losing position with leverage is automatically closed. The higher the Stop Out percentage, the deeper the drawdown the broker allows. If you plan to trade aggressively with leverage, choose Prime and ECN rates, as they offer the highest Stop Out levels.

Islamic accounts allow for margin trading without swaps, also called swap-free. Sharia law prohibits the accumulation of interest, so followers of Islam cannot operate with swaps — essentially, these are daily interest rates for using leverage. When opening an Islamic account, the client pays only fixed commissions, compensating the broker for lost profits. RoboForex allows trading without swaps on Pro-Standard and Pro-Cent tariffs.

Two Types of RoboForex Trading Accounts

  1. For trading Forex and CFDs. A numerous category includes 4 types of accounts for traders with different needs.
  2. For access to all instruments, including real stocks. This category includes the single R StocksTrader rate.

The main difference between the two categories is the commission scheme. The R StocksTrader account offers a complex system where the fee per transaction depends on the type of trading instrument. On forex and CFD accounts, commissions are either absent or calculated much more simply. The R StocksTrader account is suitable for stock trading but often falls short of the other rates for forex and CFDs.

Forex and CFD Accounts

RoboForex offers 4 types of accounts for trading currency and CFDs:

  1. Prime — the lowest spreads and accurate quote execution. However, leverage is limited to 1:300, and for every $1 million in trading volume per instrument, a commission of 10 points is charged.

  2. ECN — accounts with direct access to external liquidity providers. Allows trading large lots with 1:500 leverage. The turnover commission is higher than on Prime accounts.

  3. Pro-Standard — a standard account with up to 1:2000 leverage. Spreads are higher than on Prime and ECN, but there is no volume commission.

  4. Pro-Cent — RoboForex's cent account. The lot volume is calculated in dollars and cents, allowing for opening small trades. The Pro-Cent account is convenient for beginners and testing automated strategies with small deposits.

RoboForex commissions on Prime and ECN accounts are calculated considering the leverage. For example, if you open a trade with your own $10 with a 1:300 leverage, the total position size will be $3,000. This figure is used for volume calculation.

Spreads at RoboForex start from 0 points, but in practice, such a value is rarely achieved. Identifying the account with the lowest spreads unequivocally is impossible, but overall, Prime and ECN rates are considered more favorable.

Important: on all rates, transactions are executed in Market Execution mode, i.e., at market quotes. Because of this, the actual purchase or sale price may differ slightly from what the trader sees when creating an order. But overall, the Market Execution mode is most beneficial for the client, as it allows getting real quotes and trading larger volumes.

R StocksTrader Account

The R StocksTrader rate is significantly different from other RoboForex accounts:

  • You can trade real stocks.
  • Withdrawal of funds is free.
  • The commission depends on the specific trading instrument.
  • For most assets, a minimum commission is provided, which is charged for any transaction volume.
  • Only the R StocksTrader trading terminal is supported, trading in MetaTrader is impossible.

Key parameters of the R StocksTrader account are listed in the table.

Orders ExecutionMarket
Account currencyUSD / EUR
Minimum deposit100 USD
Commission:
- US shares

0.02 per share

(min 1.5 USD)

0.0045 USD per share if a deposit of 10 000 USD

(min 0.25 USD)

- US shares CFD

0,015 USD per share

(min 1.5 USD)

- EU shares CFD

0,07%

(min 2.8 EUR / 2.8 GBP / 40 NOK / 40 SEK / 30 DKK)

- Forex15 USD per 1 mln base currency in a pair
- indices

variable commission

(min 1 USD)

Spread:
- US shares0,01 USD
- US shares CFD0,01 USD
- EU shares CFD0 EUR
- Forex0 pips
- Indices0,5 pips
Stop out20%
Islamic accounts (swap-free)Yes

Demo Account

On RoboForex, two demo accounts (ECN and Pro) are available on one of the three trading platforms (MetaTrader 4, MetaTrader 5, and R StocksTrader - more on them later in the article).

 Demo AccountMT4 Demo ProMT4 Demo ECNMT5 Demo ProMT5 Demo ECNR StocksTrader
Max Leverage1:20001:5001:20001:5001:20

CopyFX Trade Copying

The CopyFX platform allows passive income earning by copying the trades of other RoboForex clients. Even those without deep market knowledge can profit; they only need to carefully select and evaluate the traders whose trades they wish to copy.

CopyFX Traders rating
CopyFX Traders rating

How CopyFX Works

  1. An investor selects a trader whose trades they want to copy. Various parameters are available to analyze the trader's performance — profitability, maximum drawdown, chart, account lifetime, etc.

  2. Once a trader is chosen, the investor specifies how much of their deposit to use for copying trades (for example, $1,000).

  3. Trades are automatically copied, and the investor's balance reflects the outcomes. The trader takes a commission from the profits made.

The key difference between CopyFX and Forex PAMM accounts is the regular income payout. With a PAMM, the account needs to be closed to realize a profit. With CopyFX, this is not an issue: income is usually paid weekly, although traders can extend this to a month if they wish. In any case, the investor receives profits regularly—this is the main advantage of the CopyFX service.

VPS

When trading with an advisor or robot, a trader must keep their terminal open continuously. There's no need to use one's PC for this — renting a remote server or VPS is much simpler. This is more convenient and reliable, as the connection to a professional data center is typically more stable than that with a home PC.

RoboForex provides a VPS for free to all clients with a trading turnover of at least 3 standard lots per month. If this condition is not met, the monthly subscription fee for the service is 5 USD.

RoboForex VPS
RoboForex VPS

Commissions

Rating:3.7/5

RoboForex offers fairly low commissions, which can be attractive for many traders.

A significant advantage is the absence of a commission for inactivity and for depositing and withdrawing funds. This is a considerable plus for traders, especially those who do not trade regularly.

Trading commissions vary depending on the type of account, but overall, they are also quite competitive. ECN and Prime accounts mainly offer very low spreads (however, there is a transaction commission).

Spreads

A spread is the difference between the best ask and bid prices for a financial instrument at the exact moment. The lower the spread, the more advantageous it is to trade.

RoboForex has some of the best trading conditions for ECN and Prime accounts - low spreads and a wide choice of instruments and platforms.

But for the Pro account, the spreads are average on the market. As for swaps, they are pretty high on RoboForex.

The table below shows average spreads and swaps for the Pro account.

AssetAverage spreadSwap longSwap short
AUDUSD2.1 pips-4.00 pips-2.00 pips
EURUSD1.4 pips-12.00 pips0.00 pips
GBPUSD2.0 pips-6.00 pips-2.00 pips
NZDUSD1.9 pips-3.00 pips-1.00 pips
USDCAD2.2 pips-4.00 pips-4.00 pips
USDCHF2.3 pips0.00 pips-15.00 pips
USDJPY2.0 pips-0.94 pips-18.68 pips

Commission per lot

In addition to spreads, accounts such as ECN, Prime, and R StocksTrader incur a transaction commission. For instance, on the ECN account, you would pay $20 per $1 million in turnover; on the Prime account - $10 per $1 million in turnover, and R StocksTrader - $15 per $1 million in turnover. These are some of the lowest commissions in the market.

BrokerIC MarketsRaw SpreadPepperstoneRazorRoboforexECNFxProRaw+AMarketsECN
Commission per lot$3.5$3.5$2.16$3.5$2.5

RoboForex Rebates

A rebate is a partial refund of the commissions paid. In other words, it's a program that allows you to recover some of your funds due to active trading. Rebates are sometimes referred to as cashback for simplicity. The higher your monthly trading turnover, the more cashback you'll receive.

Depending on the account, a portion of the broker's profit or commission percentage is subject to rebate. The exact rebate conditions for different tariffs are provided in the table.

AccountCalculation method10 – 1 000 lots1 000 – 3 000 lotsOver 3,000 lots
Pro-CentPercentage of brokerage income5%10%15%
Pro-Standard
ECN-ProPercentage of commission5%10%15%
Prime5%7%10%

Deposit and Withdrawal

Rating:5/5

RoboForex offers very favorable conditions for account deposits and withdrawals. The absence of fees for deposits and withdrawals is a significant advantage. Additionally, the broker covers payment system commissions twice a month, which helps to reduce clients' expenses.

A wide selection of deposit and withdrawal methods, including bank transfers, credit cards, and electronic wallets, makes depositing and withdrawing money convenient and flexible for traders.

The rapid processing of withdrawal requests within one day is also a plus, allowing traders to access their funds quickly.

How to Deposit Funds at RoboForex

First-time visitors to the "Deposit and Withdrawal Methods" section on the RoboForex website may be surprised by the sparse selection of options. In reality, the broker works with all popular payment methods.

To make a deposit, go to the "Funds" -> "Deposit Funds" tab in your account.

How to Deposit Funds at RoboForex
How to Deposit Funds at RoboForex

Choose the account or wallet you want to fund and one of the transfer methods.

Deposit Methods

Payment SystemCurrenciesDeposit FeeOperation Limit
SkrillSkrill
USDEUR
0%
from 10 USD
NetellerNeteller
USDEUR
0%
up to 50000 USD
AdvCashAdvCash
USDEURGBP
0%
from 10 to 49999 USD
Perfect MoneyPerfect Money
USDEUR
0%
from 5 to 25000 USD
Касса24Касса24
KZT
0%
from 3000 to 500000 KZT
SEPASEPA
EUR
0%
from 500 to 100000 EUR
VisaVisa
USDEURGBP
0%
from 10 to 20000 USD
MastercardMastercard
USDEURGBP
0%
from 10 to 20000 USD
JCBJCB
USDEURJPY
0%
from 10 to 20000 USD

There is no commission for depositing into a RoboForex account. The minimum deposit depends on the selected account: 100 USD for R StocksTrader and 10 USD for other tariffs.

Important: If the deposit currency does not match the account currency, RoboForex will convert the payment independently. This can result in small losses, so depositing in the same currency as the account where possible is advisable. The internal currency conversion rate can be found on the account deposit page.

How to Withdraw Funds

The number of withdrawal payment systems is not as extensive as for deposits. However, the most popular payment systems, including cards and electronic wallets, are available.

Withdrawal Methods

Payment SystemCurrenciesWithdrawal FeeOperation Limit
SkrillSkrill
USDEUR
1%
from 1 to 100000 USD
AdvCashAdvCash
USDEURGBP
1%
from 0.1 to 49999 USD
Perfect MoneyPerfect Money
USDEUR
0.5%
from 0.1 USD
NetellerNeteller
USDEUR
1.9%
from 5 USD
SEPASEPA
EUR
1.5%
from 500 to 50000 EUR
MastercardMastercard
USDEURGBP
2.6%
up to 10000 USD
VisaVisa
USDEURGBP
2.6%
up to 10000 USD

Commission-Free Withdrawal

Twice a month, RoboForex clients can withdraw funds without commission. This offer is valid on the first and third Tuesday of each month. Free withdrawal is available for all payment systems.

RoboForex Calendar for commission-free withdrawals
RoboForex Calendar for commission-free withdrawals

The calendar for commission-free withdrawals is available at the given link.

On regular days, the commission for withdrawing funds from RoboForex depends on the payment method. A full list of payment systems, commissions, and limits is provided in the table.

Withdrawal Timings

It should be noted that RoboForex processes withdrawals very quickly. The request is processed almost instantly, and the payment is made within 1 business day.

RoboForex Wallet

The wallet is a virtual storage of money inside the personal cabinet.

Why Use a Wallet?

  • For quick transfers between your accounts;
  • To save on commissions by storing free funds;
  • To accumulate profits and protect funds from risks.

Wallet Currencies:

  • USD
  • EUR
  • GOLD

Deposit Bonuses

When depositing into a RoboForex account, clients can receive a bonus and even more than one.

RoboForex offers a range of deposit bonuses for new clients. Promotions are valid when opening Pro-Standard and Pro-Cent accounts. After registration and verification, the user can take advantage of the Welcome Bonus of 30 USD. This bonus can be activated with a deposit of 10 USD or more.

If you trade in profit, the bonus USD can be withdrawn. When the profit reaches the size of the bonus, it becomes available for withdrawal.

Markets and Products

Rating:5/5

RoboForex offers an impressively broad range of trading instruments, amounting to over 12,000. This allows traders to trade classic Forex instruments, CFDs, and even real stocks.

What markets are available?

BrokerIC MarketsRoboforexPepperstone
Forex613397
Precious Metals7520
Energy Carriers524
Soft Commodities8416
Indices251226
Stocks21758400986
ETF3819108
Bonds10
Cryptocurrency2130

Also, all Roboforex products can be divided into three asset categories:

  1. Forex Classic Instruments — currencies, gold, and silver.

  2. CFDs — contracts for stocks, indices, and other exchange-traded instruments.

  3. Real Stocks — securities on US stock exchanges.

Forex

On all RoboForex accounts, you can trade currency, gold (XAUUSD), and silver (XAGUSD). In total, 33 currency pairs are available to clients. Commissions and spreads depend on the chosen tariff.

AUDCADAUDCHFAUDJPYAUDNZDAUDUSDCADCHFCADJPYCHFJPYGBPAUD
GBPCADGBPCHFGBPJPYGBPNZDGBPUSDEURAUDEURCADEURCHFEURGBP
EURJPYEURNZDEURPLNEURUSDNZDCADNZDCHFNZDJPYNZDUSDUSDCAD
USDCHFUSDCNHUSDJPYUSDMXNUSDPLNUSDZAR  

CFDs

CFDs, or contracts for difference, are available on all accounts except cent accounts. It's important to understand that a CFD is not the asset itself but rather a derivative that tracks the exchange price of the asset, though it may differ slightly at certain times.

With CFDs on RoboForex, you can trade the following assets:

  • American company stocks;

  • CFDs on indices, for example, S&P 500;

  • ETFs or exchange-traded funds;

  • Exchange-traded commodities (wheat, soy, corn, etc.);

  • Raw materials (CFDs on oil, natural gas);

  • Metals.

An essential advantage of CFDs is the ability to trade with leverage. By Forex standards, it's not very large: for example, stocks offer a margin of 1:20, while indices offer 1:100. However, the standard leverage for real stocks is just 1:2, making CFDs an extremely convenient instrument under these conditions.

Real Stocks

Unlike most Forex brokers, RoboForex allows trading CFDs and actual stocks.

This option can be helpful in several situations:

  • You plan to engage in short-term stock trading and need the most accurate quotes;

  • You're investing money for the long term;

  • You want to invest a small amount in American stocks, and the minimum deposit at popular US brokers is $10,000;

  • You wish to trade stocks and currency within a single account.

In these cases, it is advised to use the R StocksTrader account from RoboForex, which allows trading real stocks on American exchanges. RoboForex's catalog includes over 3,000 securities.

Leverage

The table shows the maximum leverage values for each category of assets. Note that you can set a lower value or trade without leverage if desired. The latter is particularly relevant if you plan to open long-term positions, as the broker charges a daily interest (swap) for the use of credit.

Trading InstrumentMax. Leverage for Retail Traders
Forex
1:2000
Precious Metals
1:1000
Energy Carriers
1:100
Soft Commodities
1:20
Indices
1:100
Stocks
1:20
ETF
1:20

Trading Platforms

Rating:5/5

One of RoboForex's main advantages is its variety of trading platforms. There are so many options that it can sometimes be challenging for newcomers to decide which is best suited for their purposes. Let's see which platform is best for which goals.

MetaTrader (MT4 and MT5)

MetaTrader 5
MetaTrader 5

If you're starting your trading journey and are unsure what to choose, confidently opt for MetaTrader. The program has long been established as the gold standard in Forex.

Main Advantages of MetaTrader from RoboForex

  • Stable operation. Custom broker solutions are usually less reliable than the MetaTrader terminal.
  • Developed community. Most Forex brokers support MetaTrader, so a considerable community has formed around the program. If you have any questions about the terminal, there is likely an answer on Google or Yandex.
  • Free installation of extensions. MetaTrader allows for downloading new indicators, trading robots, and other add-ons without any restrictions.
  • A multitude of trading robots and advisors. Paid and accessible solutions for automated trading are available in the MetaTrader catalog and on third-party resources. RoboForex supports versions of the MT4 and MT5 terminals. The older version is still popular, but it's wiser for beginners to start trading with MetaTrader 5 immediately.

On which platforms are MT4 and MT5 available?

  • Windows.
  • iOS.
  • Android.
  • Web terminal in the browser.
It's important to note that only the hedging account system is available for MT4 (which allows opening as many positions in different directions on the same instrument as desired). In contrast, for MT5, in addition to hedging, the netting system is also available (which allows having only one position in any direction per instrument).

After installing the terminal, connect your account to the correct RoboForex server IP addresses. The MT4 and MT5 server addresses list can be found at this link.

R WebTrader and R MobileTrader

R WebTrader
R WebTrader

RoboForex offers clients two proprietary online terminals — R WebTrader and R MobileTrader. Essentially, they are the same platform: WebTrader works in the browser on a PC, while MobileTrader is available as an app on iOS and Android.

The platforms are designed for beginners. Compared to MetaTrader, RoboForex terminals have noticeably fewer functions and indicators. On the other hand, they offer convenient access to analytics and a pleasant interface. Overall, RoboForex platforms don't provide definitive advantages, so their choice remains a matter of taste.

R StocksTrader

R StocksTrader
R StocksTrader

The R StocksTrader platform can be easily confused with R WebTrader, but they are different terminals. Trading via R StocksTrader is only available on the eponymous account, which provides access to real stocks.

In this case, traders have no alternative: other terminals cannot work with the stock market. Nonetheless, R StocksTrader is quite convenient and can compete on equal footing with platforms from other brokers. It includes a market depth view, various pending orders, and a tool for creating automated strategies — Strategy Builder.

The R StocksTrader terminal works only in the browser.

Both hedging and netting account systems are available for the R StocksTrader terminal.

Analytics

Rating:5/5

RoboForex offers a comprehensive suite of analytical tools and resources, including an analytics center, market forecasts, an economic calendar, and a trading calculator, which can significantly enhance a trader's ability to make informed decisions.

  • Analytics Center: This portal provides analytical data from the company's experts for clients. It is accessible only from the personal cabinet and provides various market insights and information to help traders plan their strategies.

  • Expert Lessons and Forecasts on YouTube: RoboForex experts share their knowledge and predictions on the company's YouTube channel, offering a range of educational content and market analysis.

  • Forex Market Forecasts: Daily technical analysis of trading instruments provided by the company's analysts, offering insights into market trends and potential movements for the current day and beyond.

  • Economic Calendar: This tool indicates the date and time of important news releases. Traders often prefer to close active trades before economic events since markets can behave volatilely and unpredictably on the news.

  • Trading Calculator: A tool for calculating trade parameters, considering the asset, lot size, trading leverage, and currency. This helps traders to manage their risk and to estimate the potential profit or loss for their trades.

RoboForex Analytics
RoboForex Analytics

Education

Rating:3.5/5

While RoboForex offers educational materials like webinars, videos, and FAQs, the absence of in-depth courses, seminars, and extensive articles could pose a learning challenge for new traders.

The educational materials are free, but they are only accessible after registration, which may limit access for those who are still evaluating whether to commit to a particular brokerage.

The learning tools are categorized into:

  • Free webinars;

  • Educational videos;

  • Frequently Asked Questions (FAQs).

The most substantial information is offered through webinars, but these do not occur often. The video tutorials can be a valuable resource for those looking to understand the Forex market. These educational offerings are designed to help traders at all levels improve their trading skills and knowledge.

RoboForex Video Courses
RoboForex Video Courses

Customer Support

Rating:4.7/5

RoboForex's customer support offers several communication methods, including online chat, email, and telephone. The 24/7 online chat is convenient for clients in different time zones. The option to contact support via Telegram bot is an innovative feature. However, making an international call may be costly for some clients.

For assistance, you can also use:

  • info@roboforex.com for general inquiries;
  • The Telegram support bot - @RoboForexOfficialBot.

Additionally, there's a phone line available at +593 964 256 286, but as it's an international call, it may incur substantial charges.

Lastly, you can contact customer service representatives via a support ticket in your account. This method is beneficial for detailed inquiries where you may need to provide sensitive information securely.

Conclusion

RoboForex is recognized as one of the few Forex brokers with an impeccable reputation. The company strictly adheres to its regulations, does not delay payments, and provides fair quotes. RoboForex can be a good choice for both novice and professional traders due to its robust offerings, which include a variety of trading instruments, account types, platforms, and competitive trading conditions. The broker's commitment to transparency and customer service further solidifies its standing in the Forex community.

FAQ

Is RoboForex legit?

Yes, RoboForex is a legitimate broker. It is regulated by the Belize Financial Services Commission (BFSC) under license number 000138/7.

Which country is RoboForex from?

RoboForex is based in Belize, with its headquarters located in Belama Phase 1, Belize City, Belize.

Is RoboForex an ECN broker?

Yes, RoboForex offers ECN (Electronic Communication Network) accounts, which provide direct access to the interbank market and allow for tight spreads and fast execution speeds.

How does RoboForex make money?

RoboForex primarily makes money through the spread, which is the difference between the bid and ask prices of the assets traded. They may also charge commission fees on some account types.

Is RoboForex good for beginners?

Yes, RoboForex can be a good choice for beginners. They offer a user-friendly trading platform, educational resources, and a demo account to practice trading without risk.

Does RoboForex offer a demo account?

Yes, RoboForex provides a free demo account that allows traders to practice trading strategies and familiarize themselves with the trading platform without risking real money.

How can I open an account with RoboForex?

To open an account with RoboForex, visit their website and click on the "Open Account" button. Follow the registration process by providing the required personal information and documentation.

How can I delete my RoboForex account?

To delete your RoboForex account, contact their customer support team via email or live chat and request account deletion. You may need to provide identification documents to complete the process.

What is the minimum deposit for RoboForex?

The minimum deposit for RoboForex is $10.

What is the maximum leverage on RoboForex?

The maximum leverage offered by RoboForex is 1:2000. However, leverage limits may vary depending on the instrument traded and the client's jurisdiction.

How do I deposit funds in a RoboForex account?

RoboForex offers various deposit methods, including credit/debit cards, bank wire transfers, and e-wallets such as Skrill, Neteller, and AdvCash. Log in to your account and follow the deposit instructions.

How do I withdraw money from RoboForex?

To withdraw funds from your RoboForex account, log in and navigate to the withdrawal section. Choose your preferred withdrawal method, enter the amount, and submit the request. Withdrawals are typically processed within 24 hours.

Does RoboForex provide VPS?

Yes, RoboForex offers a VPS (Virtual Private Server) service to its clients. This allows traders to run their trading platforms and expert advisors (EAs) on a remote server for stable and uninterrupted trading.

Is RoboForex suitable for scalping?

Yes, RoboForex allows scalping and provides favorable conditions for scalpers, such as fast execution speeds, tight spreads, and low commissions on ECN accounts.

Is RoboForex suitable for auto-trading?

Yes, RoboForex supports auto-trading and allows the use of expert advisors (EAs) and trading robots on their platform. They also offer a VPS service to ensure stable and reliable automated trading.

Is RoboForex suitable for hedging?

Yes, RoboForex allows hedging, which is the practice of opening multiple positions on the same instrument in opposite directions to mitigate risk. Traders can hedge their positions on RoboForex's platform.

Is RoboForex suitable for spread betting?

No, RoboForex does not offer spread betting services. Spread betting is a form of derivatives trading popular in the United Kingdom and Ireland, where traders speculate on the price movements of various financial instruments without owning the underlying assets.

Visit RoboforexTrading CFDs carries high risks. You may lose all invested funds

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.