To ensure the effective purchase and sale of curren
To ensure the effective purchase and sale of currency pairs on the domestic market, many brokerage companies provide favorable trading conditions. This is exactly what RoboForex is, a well-known company providing services in the field of algorithmic trading. Traders Union experts wrote a comprehensive review in which they described the distinctive features and nuances of this broker.
RoboForex is a trusted company
RoboForex is an international brokerage company providing intermediary services in the foreign exchange market. It has been operating since 2009, is a permanent member of the Financial Commission, and is part of the compensation fund of this commission. For more than 10 years of work in Forex, the broker has gained the trust of more than 1 million clients and received 10 prestigious awards.
Before starting cooperation with this brokerage company, it is important to study RoboForex review on the TU site and read the brief dossier of this intermediary company:
- Start of work on the Forex market – 2009
- Place of registration – Belize
- Minimum deposit amount – $10
- Official website address – https://roboforex.com
- Interface – supports 18 languages, including English, Ukrainian
- Account currency – dollar, euro, yuan
- Helpdesk – open 24/5, accepts requests in 14 languages
- Regulation – the broker is licensed by the IFSC
- Mobile version – the company’s clients have the opportunity to install a mobile application adapted for iOS and Android
- Account types – demo, standard, ECN, STP, cent, VIP
- Trust management – yes
- Affiliate program – yes
It is worth noting that a bonus of 50% is awarded on the first deposit.
Roboforex – ample opportunities for trading and investment
The classic types of trading terminals MetaTrader 4 and MetaTrader 5 are used here. These platforms allow you to quickly and conveniently add trading robots and install new indicators for technical analysis. In addition, through the official community of MT terminals – MQL5, you can download various plugins. Traders can also receive trading signals from MQL5 and use the copy trading function.
TU experts explain that the main feature of the broker is the R-Trader terminal. This platform has a built-in trading robot designer. Thus, you can visit RoboForex, create a trading bot yourself, give it the desired trading strategy, and it will work automatically.
Pros:
- Insurance of client deposits.
- Excellent bonus policy.
- Advanced trading terminals and analytical tools.
Cons:
- There is a fee for withdrawing funds.
- Few assets for trading and investing.
- Average commissions.
An Analytics Center is available on the platform, thanks to which traders can receive basic information about investment instruments. You can also trade using news on the site, as there is a convenient platform for receiving the latest signals. Novice investors and traders can take a training course on the website and take part in the company’s seminars and webinars. In addition, there are training videos directly on trading platforms, so clients can quickly master, for example, the constructor of trading robots in R-Trader.
Additional services for traders
Now let’s move on to the company’s additional services for traders. There’s a lot to talk about here:
- Daily analytics and forecasts (by the way, quite high quality).
- Online “minutes” from Dow Jones.
- Free analytics and forecasts from Trading Central
Another advantage that potential clients of this company will certainly like is the Rebates program from RoboForex review, according to which traders can partially reimburse part of the funds previously spent on paying the spread of the brokerage company.
The company gives free VPS as a free bonus for those clients whose account balance exceeds 300 USD. Not only traders but also investors can find themselves in RoboForex. To do this, the broker offers an option for receiving “passive” income, such as the CopyFX.
CopyFX transaction copying service
CopyFX is an opportunity to copy transactions of successful traders on the RoboForex platform. In essence, this model of interaction between investors and trading signal providers works according to the technology of “social trading” and allows the investor to choose one or several traders from a large number of those registered on the broker’s platform to copy a transaction. CopyFX provides a special platform that works like a Web application inside the client’s personal account at RoboForex.
RoboForex affiliate program
RoboForex has an excellent affiliate program, within which you can earn money from attracted clients. The broker gives a generous reward, which, under the maximum possible conditions, amounts to more than 70% of his own profit from the client. The final percentage depends on several factors, the main one being the type of referral account:
- Pro accounts up to 50%.
- Affiliate accounts up to 70%.
- R StocksTrader – up to 50%.
The second important component of this RoboForex review is loyalty program. It involves the payment of additional interest from the partner’s earnings, the amount depends on the amount of the partner’s remuneration, which, in turn, depends on the referral volume traded. In simple words, when a referred client trades more than 15 lots, the referrer receives an additional 10% of his reward. The maximum size of such a bonus is 20%, which ultimately, based on the totality of parameters, allows us to achieve 84% of the client’s costs.
The partner’s remuneration is transferred daily, and there are no restrictions on the amounts – how much the referrals trade, the partner will receive in accordance with the percentages assigned to him. Also, absolutely all categories of trading instruments participate in the program, so the partner receives a reward for all completed transactions.
Trading wisdom for traders RoboForex
TU analysts explain that users who have long been regular customers of the dealer in question note in their reviews that it offers the most favorable conditions for algorithmic trading. To understand whether this is actually the case, you have to visit RoboForex and considering the key features of trading with it:
- Trading web terminals: MetaTrader 4, MetaTrader 5, cTrader, R WebTrader, R Trader.
- Mobile application: R MobileTrader for iOS and Android.
- The minimum lot value is 0.01.
- Commission fee for replenishment is 0%.
- Commission fee for withdrawal – from 1.5%.
- Account currencies: USD, EUR, GOLD, CNY, BTC, ETH, USDT.
- Types of assets: currency pairs, cryptocurrencies, stock indices, stocks, commodities.
- Leverage: up to 1:2000.
- Investment products: CopyFX.
- Technical support: 24/7.
The broker regularly provides traders with various special offers, in particular a welcome bonus. It costs $30 and is valid for all types of trading accounts. You can receive a bonus after completing the data verification procedure and replenishing your account with an amount of $10 or more.
Description of the trading platform
The RoboForex brokerage platform is open to work in browser mode or on mobile devices running iOS or Android. Each trading account has specific trading assets available. In total, the dealer provides eight types of instruments that will appeal to players with different trading styles:
- Forex. The trading platform offers users over 40 currency pairs of classic and exotic types. The peculiarity of such assets is the ability to trade in MT4, MT5, RTrader, and cTrader terminals.
- Stock. Working on the RTrader trading platform, the player has access to more than 8,700 shares of famous corporations in the world.
- ETF. An index fund that has shares traded on an exchange.
- Metals. Users can use gold, silver, palladium, and other metals as trading instruments. It is also possible to trade in pairs such as silver/dollar or gold/euro.
- Stock indices. Working with indices allows players to trade on the MT4 or RTrader platform, apply tight spreads, and use more than 10 asset options.
- Energy raw materials. Natural gas, ethanol, oil, fuel oil, and other products can be used as trading assets.
- Cryptocurrencies. By choosing cryptocurrency as an asset, a trader can count on round-the-clock trading and also have the opportunity to work in MT4, MT5, and RTrader terminals.
Commissions and fees
According to RoboForex review, it does not charge fees for deposits or for inactive accounts. Also in 2018, Roboforex launched a new service for replenishing BTC accounts covering more than 40 cryptocurrencies.
Trading commissions:
- Forex – 15 USD per 1 million base currency
- Stocks, ETFs, Commodities (0.0045-0.015 USD per share, minimum 0.25-1.5 USD)
- Cryptocurrency – 0.30%
RoboForex reviews
In general, the RoboForex platform is quite an interesting place for investors and traders. And if we put aside the huge bonus of 120%, with the help of which RoboForex is trying to lure traders, then otherwise this platform is quite interesting for trading and investment. This is evidenced by reviews from real clients of this company. Mostly positive reviews are focused on the quality of service provided on ECN accounts. They really work within the high exchange requirements, providing expert advisors with good conditions.
You can also see positive customer reviews regarding the work of the CopyFX service, where you can easily find good signals and strategies for copying. And finally, reviews about the Rebates program, with which you can get up to 30% of the spread back.
How to make money with RoboForex: advantages and disadvantages
Having familiarized yourself with the features and working conditions of a Forex dealer, you can highlight its pros and cons. Among the main advantages of the RoboForex trading terminal, it is worth noting:
- availability of cent and ECN accounts;
- huge selection of trading accounts;
- no minimum threshold for investment;
- copying trades using CopyFX;
- provision of investment platforms;
- DowJones economic news feed available.
Despite a wide range of advantages, the broker has some disadvantages. In particular, in their comments, traders note the inconvenience of functioning of the mobile application on smartphones and tablets, as well as the high requirements for the amount of RAM.
How to open a trading account with RoboForex
Each Roboforex client has the opportunity to open one of six available trading accounts:
- ProCent
- Pro
- ECN
- Prime
- Pro Affiliate
- ECN Affiliate
- Cent Affiliate
- Demo
RoboForex is one of the few brokerage companies that take into account the peculiarities of the worldview of individual religious groups. For example, a special account is available on the site – SWAP-FREE, created specifically for Muslim traders who do not have the right to trade with swaps.
Immediately after opening a trading account, each Roboforex client automatically becomes a participant in the affiliate program, under the terms of which a reward is awarded for each invited user. The amount of affiliate payment directly depends on the total trading volume of referrals. If you already have experience with this brokerage firm, go to the “Roboforex reviews” section and leave your comment.
RoboForex bonuses
When choosing a broker, you should pay attention to the bonus policy. Bonuses can make trading much more profitable. RoboForex has very well-developed bonuses. According to the TU article, the following special offers are available to clients:
- Welcome bonus for cent accounts
- Profit Share Bonus
- Classic bonus
- Rebate
The broker’s commission level can be considered average. The size and structure depend on the type of trading account you choose, as well as the asset class you deal with.
Education and training
Before starting to trade, potential RoboForex clients should become familiar with all possible information and trading skills necessary to succeed in the world of Forex and commodities trading. If the RoboForex website itself does not provide enough resources, the trader should explore other information sources and resources to obtain these skills and knowledge.
RoboForex offers an informative and educational page on its website with clear instructions on how to open an account, how to start trading, and how to trade stocks.
The company provides educational videos and has a frequently asked questions section. The first thing new traders should do is register a personal account and open a trading account. You will then be helped to choose between trading platforms and assisted in choosing your account type and currency.
Reliability of RoboForex
One of the key criteria for choosing a broker is its reliability. You can visit RoboForex and start to cooperate with a well-known and reputable company with a license for financial activities. A license is a key document for any broker, so the platform is required to disclose this information.
Roboforex is a broker that is registered in an offshore jurisdiction. The management company RoboForex LTD operates in Belize.
The platform also has an important security option – deposit insurance. “RoboForex” ensures client deposits in the amount of up to 5,000,000 EUR (200,000,000 UAH). Compensation can be paid to clients who lose money due to the fault of the broker. Thus, RoboForex can generally be considered a fairly reliable company. It has been operating for a long time and provides deposit insurance services. However, an offshore license still forces a lower rating for reliability.
Depositing and withdrawing funds at RoboForex
Before choosing a company, it is also important to familiarize yourself with the list of payment services that it offers. The more payment systems available from the broker, the better for the user. In addition, it is important to pay attention to the conditions of financial transactions – commissions, limits, deadlines for crediting funds, etc.
At RoboForex, account replenishment and withdrawal of funds are carried out in the following ways:
- SEPA
- Bank transfer
- Skrill, Neteller
- AdvCash
- Perfect Money
- Visa/Mastercard
- AstraPay
- NganLuong Wallet
- JCB
Replenishing your account with a broker is carried out without commissions. The term for crediting funds through any electronic payment system is up to five minutes.
Technical support
The brokerage company RoboForex provides its clients with a professional service that works around the clock. To contact technical support we suggest:
- Phone: +593 964 256 286
- Email: [email protected].
- Skype: roboforex.affiliate.
- Official site: https://www.roboforex.com/?a=bgo
- Through the ticket service in the LC
- Live chat.
Users can also go to the “Ask a question” tab and send a letter to the company manager using the ticket system.
Conclusion
RoboForex is a well-regulated broker that offers a wide range of technology solutions to traders of any size and strategy, even when they are just starting to get involved in trading.
The variety of platforms, as well as the choice of assets and accounts, provide the trader with various opportunities for trading, both through robotic systems or investments, as well as through the promotion of trading using developed tools. Finally, RoboForex provides good support through educational materials, analytical studies, and competitions.
Read the full review on the Traders Union website to find out more information about this brokerage organization. Experts have collected the main facts that interest traders, and also prepared comparisons of RoboForex with its main competitors. Also in the article, you can find reviews from real clients who share their personal trading experiences.
FAQs
What is the minimum deposit and withdrawal amount on RoboForex?
For most payment systems (bank transfers, VISA/JCB/MasterCard, ecoPayz, Western Union, etc.), the minimum Roboforex withdrawal and deposit amount is 10 EUR.
How can I contact Roboforex support?
The fastest way to get an answer is through chat. Other communication methods are instant messengers (Facebook, Telegram, Viber, Skype, Whatsapp, and Line) and regular email.
Does RoboForex provide a leverage?
Yes. RoboForex offers a leverage of 1:2000.
Does RoboForex charge a commission?
No. RoboForex has no hidden fees and does not charge any fees for depositing or withdrawing funds.
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