RoboForex Review: Is RoboForex A Good Broker For You?

Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose. It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results.

Those who are happy with the broker report that it provides reliable customer service and has a wide selection of trading tools and services. RoboForex has slightly tighter spreads than FXPrimus, but their commission fees are higher. In terms of payment methods, they offer more options such as credit/debit https://forex-reviews.org/trading-with-plus500/ cards and e-wallets, while FXPrimus only offers a bank transfer. CTrader is the perfect platform for experienced traders who need advanced tools and features. This platform offers a wide range of analytical tools and customization options, so traders can tailor their trading experience to suit their needs.

How can I start trading with Roboforex?

Experienced Roboforex traders can trade high risk CFD trades to hedge items in their portfolio. Roboforex MetaTrader 5 has many advanced trading tools for more advanced users. The Autochartist interface is user-friendly and can be customized to suit individual trading preferences.

You must be diligent and thorough in your Roboforex review selection process to safeguard your hard-earned money. It’s crucial to do your due diligence and research the reputation, track record and trust worthyness of Roboforex. You must also ensure the Roboforex broker’s profile, trading tools, fees and regulation aligns with your needs and goals. When it comes to online trading with brokers like Roboforex,
carefully review Roboforex as your broker can make or break your success. Choosing the right broker is essential to ensure your Roboforex investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders.

RoboForex Fees

MT4 includes all the essential features a beginner or advanced trader would need, with 50 indicators for technical analysis, basic graphical tools, and 3 order execution types. Users can also program their own trading robots with StrategyQuant and take advantage of the one-click trading capability. RoboForex offers a wide range of rather interesting and diverse learning materials and a demo account for all types of trading accounts for practice.

We will calculate the costs for the purchase of a lot of USD 5,000 including spread and commission. Roboforex provides a demo account that enables individuals to explore trading before investing their funds. By creating a Roboforex practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the Roboforex demo account can help individuals to make informed decisions before investing their money.

EUR Gains Momentum on Risk Appetite – Overview for June 27, 2023

RoboForex also offers an account protection service, which covers traders in case their accounts are hacked or compromised. This service is free of charge and can help to minimize any losses the trader may incur. An important part of this review of Roboforex is looking at the different trading platforms available. The average spreads for major currency pairs such as EUR/USD, GBP/USD, and USD/JPY are around 1-2 pips, which is competitive compared to other online brokers. You can open a real-money trading account from the RoboForex homepage and start trading in live markets. This is a more advanced proprietary platform offered to the holders of ECN and Pro-Standard accounts.

The time until traders receive their funds depends on the payment processor, which can take ten business days. Most options remain instant once RoboForex processes a request, which can take 24 hours. RoboForex also hosts demo trading contests, but I advise against entering them, as they promote the wrong trading behavior in a risk-it-all to qualify for cash bonuses. Terms & conditions apply, and traders should consider them carefully. However, you have to be extra careful and check that your country is not among the prohibited countries to avoid losing your funds.

ProCent Account

It maintains the same features, tools and performance as the desktop platform with the freedom to use it from anywhere in the world with an internet connection. I think this platform is great as we can access out account from any device. Imagine if you lost your phone or your battery dies but you didn’t to close a trade. You could borrow someone else’s device to access your account with the latest version of the platform always running via the web trader. Overall, this award-winning broker is very competitive and well worth checking out to see if it will meet your needs. You can even open an account at RoboForex and start trading within five minutes.

• To learn more about social copy trading (and to see our picks for the best forex brokers for copy trading), check out our guide to copy trading.
• DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.
• This is a more advanced proprietary platform offered to the holders of ECN and Pro-Standard accounts.
• RoboForex is also a member of the Hong Kong-based Financial Commission.
• Terms & conditions apply, and traders should consider them carefully.
• There are also lectures dedicated to money management and trading psychology, which is often a weak spot even for the experienced traders.

RoboForex offers for trading a really huge number of instruments equal to more than 12,000+. There are available Forex, Indices, Stocks, Commodities, ETFs, and Cryptocurrencies. The wide number of stocks is a dominating part of the instruments list and allows the broker to be among the top brokers in terms of symbols quantity. These partners do not control the content on the page beyond providing us with datapoints to ensure that (as far as possible) the information in our database is accurate.

Why does Roboforex ask for my passport?

One of the easiest resources to access on RoboForex is the blog which they update with regular informative articles on trading and financial literacy. RoboForex has grown to become one of the world’s leading CFD brokerage firms since it received its first license to operate in 2009. For 13 years and counting, RoboForex has offered traders some of the best brokerage services for different asset classes, gathering over 800,000 clients from over 160 countries worldwide. RoboForex operates in most countries, except the USA, Canada, Indonesia, Iran, Russia, South Sudan, and other restricted countries. The CopyFX platform allows traders to copy other traders’ transactions or to offer strategies for others to copy. Users can specify conditions and create subscriptions from within the RoboForex Members Area.

The WebTrader platform in the desktop version has candlesticks, line and bar charts, as well as drawing tools and technical indicators for easy reading and understanding of market patterns. Traders can easily adjust the charts to show any time frame they want. Cryptocurrencies are decentralized digital currencies that are highly volatile in nature.