Skip to Content

RoboForex – Review 2024, Testimonials & User Ratings

4.5 / 5

Despite being quite young, the Company has been very scrupulous about developing a flexible system of trading accounts, creating convenient trading platforms, investment ideas, and educational materials. As for the range of assets, such a long list of instruments is rather infrequent among competitors. In addition to that, RoboForex clients’ benefits are due in no small part to different promotions, such as welcome bonuses, depositing/withdrawal without commission, coupons, cashback, etc. The broker applies huge resources to the implementation of more innovative services, which make trading simpler for both beginners and professionals. Below, we’ll go into details of why exactly RoboForex is so remarkable.

General Information

RoboForex is a rapidly growing in popularity broker, which was founded in 2009 and operates in a lot of countries all over the world. Year after year, the client account database adds more than 100,000 units and currently exceeds 3 million accounts. The broker’s high reliability is confirmed by the IFSC Belize license (No. IFSC/60/271/TS). Moreover, RoboForex is a member of the Financial Commission’s Compensation Fund with insurance payouts of up to 20,000 EUR.

Advantages and Disadvantages

Favorable trading conditions: a great variety of trading accounts allows clients to choose the most favorable conditions in regard to commissions, spreads, minimum deposits, numbers of available assets, etc.

The Company’s proprietary solutions: RoboForex decided not to limit itself to offering classic trading platforms and developed its own terminals that meet the demands of traders with different experience and skills.

Regulated activity: RoboForex is registered in Belize and has the corresponding license of this country’s regulating authority. In addition to that, the Company is a member of an international organization called The Financial Commission, which resolves disputes between its participants and their clients, and also is a participant of its Compensation Fund.

Winner of multiple awards: recognition of the broker’s achievements is confirmed by more than 10 prestigious awards received by the Company in recent years. RoboForex won first place in the nominations related to cryptocurrencies, security, investment services, etc. Such awards show that the broker has created excellent services for its clients.

A wide range of assets: a significant advantage to many of the company’s clients is the opportunity to trade assets from 9 different categories, such as Currency pairs, Stocks, Indices, and many others. Some of the assets offered by RoboForex are missing at most of the other brokers.

Investment opportunities: RoboForex platform offers investments in copying transactions of successful traders and multipurpose proprietary trading ideas.

Bonus program: RoboForex pleases its clients with various bonus programs. the very first bonus that you can get is Welcome Bonus 30 USD. To receive it, depositing $10 to your account will be enough.

Market analytics: large analytics base, including Forex forecasts, market analysis, and a lot more are available to traders in a special section of the RoboForex website. The analysis is performed by the company’s experts based on technical and fundamental indicators, including Ichimoku Kinko Hyo, Murrey Math lines, Fibonacci retracements, etc.

Variety of educational information: in the educational section, there is a lot of detailed information on how to get to know trading terminals, organize the working process, analyze financial markets, and other aspects of trading with this broker.

Balance protection: a smart system of protecting your trading account balance won’t allow it to go negative.

Trading cryptocurrencies: in the last few years, predicting price movements of popular cryptocurrencies has become a very promising trend in trading. The broker took advantage of this innovation and implemented the opportunity to trade Bitcoin, Bitcoin Cash, Dash, Ethereum, and other cryptocurrencies.

Demo account: the availability of a free practice account with all necessary functions helps beginners to learn the basics of trading, while more experienced traders can test their trading strategies without financial losses.

Lackluster results: according to numerous reviews in the internet, analytics provided by the broker doesn’t always demonstrate good results. On the other hand, any analytical review is a personal opinion of an author and may both hit and miss the target, and RoboForex warns its clients about it on the company’s website. We recommend you check information received from different sources of forecasts with your trading system.

Trading Conditions

For a start, it should be noted that in some instruments there are no spreads at all, the leverage value is 1:2000, order executions speed is from 0.1 seconds, while the number of currency pairs exceeds 40.

If you decide to trade stocks of global companies, there is a list of more than 10,000 instruments. The leverage value, in this case, will be 1:20.

Apart from Stocks and Currency pairs, there are ETFs, Commodities, Precious metals, Energies (heating oil, gas, oil), Cryptocurrencies, and Cryptoindexes (Crypto.Top, Crypto.Alt).

On average, the minimum lot is 0.01, the maximum number of digits after a comma is 5, and available account base currencies are EUR, USD, RUB, and GOLD.

Trading strategies

Thanks to a wide range of trading assets and platform with analytical tools, the broker’s clients have a vast room for experiments in creating and testing their own trading systems, either of technical or fundamental nature. Moreover, you can test yourself in new areas. For example, if you have never traded stocks, cryptocurrencies, or commodities before, the broker offers you an excellent opportunity to try these markets using a free demo account.

Trading Platform

RoboForex clients don’t suffer from a shortage of trading terminals. Let’s start with the most popular and widely recognized solutions.

MetaTrader 4 – one of the most widespread terminals on the currency market. It offers three modes of order execution, includes about 50 indicators, and provides the opportunity to make trading operations automated by using algorithmic trading. In addition to the above-mentioned features, the terminal allows to trade cryptocurrencies, such as Bitcoin, Ripple, Litecoin, and others. If necessary, one can download a mobile application called MT4 or open the platform’s web version of the broker’s website.

MetaTrader 5 – a more cutting-edge trading terminal with advanced tools for trading. MT5 offers 4 modes of order execution, 6 different types of pending orders, a large store of trading robots and indicators, a multi-currency tester, as well as the opportunity to rent a virtual hosting for 24/7 operation of your trading systems and signal subscriptions. Just like MT4, the fifth version of the popular terminal has both mobile and browser alternatives.

Apart from classic platforms of the MetaTrader series, the broker other terminals to choose from – R Trader and cTrader. The first terminal has great functionality for trading on the stock market, while the second one offers quite rare types of orders, more than 50 technical indicators, 14 timeframes, “smart” charts, along with mobile application and web version.

The company didn’t forget to develop its own products. As a result, its proprietary solutions, R WebTrader and R MobileTrader came into existence. These are very convenient terminals that allow clients to trade on their МТ4-based accounts using any gadget (PC, tablet, or smartphone) from anywhere in the world. The platform includes more than 10 technical indicators, offers 9 tools for chart analysis, implements a special feature for instant funds depositing, switching between trading accounts, and receiving analytical reviews.

All terminals available at the company can be downloaded from a download section.

Mobile Trading

RoboForex delivers quite qualitative mobile trading. Here’s the complete list of mobile solutions offered by the broker: MetaTrader 4 mobile application, MetaTrader 5 mobile terminal, R MobileTrader, and cTrader Mobile. All these products are available for leading mobile operating systems, Android and IOS. Each of them has its own distinctive features, unique functions, and tools, which make mobile trading equal to a desktop one.

Demo Account

Anyone who wants can open a free demo account at the broker. This account is completely the same as a real account and helps to learn all trading conditions available at RoboForex. Using demo accounts, you can trade assets from 8 major categories.

Account Types

The Company pleasantly surprises clients by a variety of trading accounts, which were developed to meet the demands of traders with different levels of experience and training.

Pro-Standard – the minimum deposit is 10 USD/EUR, more than 33 currency pairs, along with Metals and CFDs. The order execution mode is Market Execution, the spread is floating, from 1.3 pips. The maximum permissible leverage is 1:2000 and the number of digits after a comma is 5. Also, there is a list of bonuses, maximum/minimum order values, and permissible trading volume.

Cent accounts – a perfect choice for beginners who don’t want to lose much money early in their trading career. The minimum deposit here is also 10 USD/EUR. When depositing this sum of money, you will get 1,000 US Cent to your account.

ECN accounts – an account type suitable for “advanced” traders, who want to work on more favorable trading conditions. The initial deposit is from 10 USD, the commission is 20 USD for the trading volume of 1 million USD, and spreads are from 0 pips.

Prime accounts – the most favorable account type available at the company, which was specially created for VIP clients. Spreads from 0 pips, “lightning” speed of order execution, commissionless funds withdrawal, accounts in USD, EUR, RUB, or GOLD, a dedicated МТ4 server, cashback up to 10%, and many other privileges.

Swap-free (Islamic) accounts – an exceptional solution for Islamic clients, who aren’t allowed to trade with swaps due to their religious beliefs. Clients with this account type pay only a fixed commission and nothing more.

Until the end of 2020, there is a special offer for RoboForex ECN accounts: spreads are now even more favorable, while the maximum permissible leverage value has been increased up to 1:500.

Trading conditions for Prime accounts, just like ECN accounts, has been improved until the end of the year: no requirements to the minimum deposit (instead of 5,000 USD), the leverage value is up to 1:300, and commission for the trading volume of 1 million USD for some instruments has been decreased don to 10 USD! The special offers will be effective throughout the entire year of 2020.

Opening an Account

To open an account at RoboForex is very simple. To do it, you have to go to the registration page and specify your personal information. Please note that the procedure is available only to those who are 18 years of age or older.

Funds Withdrawal

The broker offers to deposit/withdraw funds via more than 20 payment systems, which include banks, electronic payment systems (Qiwi, WebMoney, Yandex.Money), bank cards, terminals, and SMS. All commissions for depositing funds are compensated by the broker. Funds withdrawal without commission is available twice a month, on the first and third Tuesdays. In addition to that, there is an option of quick depositing/withdrawal via Skrill and NETELLER.

Trader Training

RoboForex is actively developing several platforms for education a new generation of traders. The company’s blog regularly publishes topical articles for traders with different skills and experience, as well as reviews of expert advisors, indicators, and trading strategies.

The same information is published on the company’s YouTube channel in the form of videos. Apart from creating educational videos, the company’s analysts deliver weekly reviews of the Forex, Stock, and Cryptocurrency markets.

Both these platforms, as well as the company’s profiles in social networks, help traders share their experience, communicate with each other, and interact with their colleagues and the company’s representatives.

Also, particular attention should be paid to a copy-trading service. If you lack trading experience, you can receive profit by copying transactions of successful traders and pay them a small commission for that.

Should I Trade with RoboForex?

In this review, we took a brief look at different aspects of working with the broker and made sure that it created a powerful trading and investment platform for traders with absolutely different preferences, goals, experience, and skills. The broker offers its clients to choose a suitable trading account and trade through a convenient platform with the most profitable trading assets. You can start working with the minimum investments, but your prospects will be far from minimum. We wish you successful cooperation with RoboForex if you choose them as your partner.

Comments: 21

  1. avatar
    Mishal
    03/05/2021

    I want to know can i trade cyrpto with you ?

    5/5

    • avatar
      Manager RF
      05/05/2021

      Dear Mishal,
      for a detailed and timely response to your questions, do not hesitate to contact our 24/7 Live Support. We will be very pleased to help you!

      Regards, RoboForex

  2. avatar
    Ragnar
    26/07/2021

    Isn’t maximum leverage is 1;1000 and here mentioned 1/500?

    4/5

  3. avatar
    Manager RF
    30/07/2021

    Dear clients,

    You can choose a leverage value depending upon account type in the range between 1:1 and 1:2000 based on your experience, trading strategy, and other preferences.

    You can read more about trading conditions for different account types here: https://roboforex.com/forex-trading/trading/trading-accounts/

    Sincerely,
    RoboForex

    5/5

  4. avatar
    Groove
    04/09/2021

    Mt5 and Mt4 so if i open account any account type can use both platform for trading?

  5. avatar
    Machigun
    09/09/2021

    Is floating and fixed spread is same for JPYGBP pair ?

  6. avatar
    Manager RF
    05/11/2021

    Dear Machigun.

    Trading accounts at RoboForex operate on the basis of a floating spread.

    Regards,
    RoboForex

    5/5

  7. avatar
    Manager RF
    08/11/2021

    Dear Groove,

    When you open a trading account, you have an opportunity to choose a trading platform to perform trading operations. If you have any further questions, do not hesitate to contact our 24/7 Customer Service. We’ll be happy to help!

    Regards,
    RoboForex

    5/5

  8. avatar
    Shoop
    26/05/2022

    Where is written the leverage is 1 ratio to 300 in the RoboMarkets

    5/5

  9. avatar
    Williams Cha
    05/02/2023

    If I were given another chance, I would definitely not choose this broker to invest in! Because it was recommended by a friend and I trust them completely, I put a lot of money in, thinking the more I put in, the bigger the return. .
    Unexpectedly, it turned out to be a scam. I’ve been depositing for weeks and haven’t seen a penny, but a big thank you to ZenGo for helping me get back my lost funds, if you need assistance contact ZenGo at [email protected].

    5/5

  10. avatar
    Chreistiana hung
    13/10/2023

    “I’ve been going around in circles trying to make money from binary options. I had already lost the willingness to invest any further or even trust the market, for that matter. So it was about time I found out about cp-investigation. com Now that I am well-versed with their services, I completely rely on them for fund recovery. I wish I had met them sooner. Their posts creating scam awareness and highlighting scammer companies would’ve saved me my money.””

    1/5

  11. avatar
    Aria Diego
    20/10/2023

    JUST A FEW MINUTES READ HOW I CAME ACROSS A REAL TRADER THAT CHANGE MY LIFE FINANCIALLY.
    PLEASE READ!!!
    I try to trade all by myself in the cryptocurrency market but I keep making losses because I was investing with scammers and I was not getting good trading signals and no trading advice on how to manage my investment.
    I was searching for platforms that can help me manage my investment and I came across so many positive review about Evelyn from a trading platform that help you manage your investment and earn good profits for you then I contacted her for help on how to start my investment she gave me all the info I needed to start investing with them and I gave it a try ever since I started trading with them I have not made any loss because she have professional trading signals that are able to read and receive signal on how to trade, This platforms have really help so many people scale through the forex market with positive results
    personally I have made over $68,000 from this trading platform and still earning
    If you need help on how to contact them I will leave her contact info so that you can write to her directly on how to start your investment today and start making good profits just like other traders in the forex market.
    WhatsApp: +1 (720) 466-3701
    Email: evelynsanchez3054@gmail. com
    contact her today and say goodbye to financial loss. Have a great day, cheers!!!

    5/5

  12. avatar
    Sofia
    20/10/2023

    I’ve lost about $121,000 to a Greenfield Crypto Capital website and two fake ICOs as well but I am sharing my experience here so as to enlighten and educate everyone that is losing money or has lost money to a scam binary options, dating scams and fake ICOs. However, I have been able to recover all the money I lost to the scammers with the help of a recovery professional and I am pleased to inform you that it’s possible to recover lost money from scammers. If you’re a victim of stolen bitcoins or any other cryptocurrency, and you are trying to find ways to get your coins back or your lost funds, feel free to contact Mr. lenaert on His gmail ([email protected])and He will guide you on how you can recover your lost funds from scammers

    5/5

  13. avatar
    Jennifer
    27/10/2023

    please beware, i am not saying Forex banking is bad, maybe my aunt was unlucky, i have done it and i got paid, but my sister was unfortunate, she almost lost $33,000.00 USD to the Forex banking when the broker stopped responding , we found out the broker was a scammer, but luckily we got her money back through an agency who assisted us, thanks to Mr Mike Lindberg you can reach him out on [email protected] and he will recover your money back in 5 working days

    1/5

  14. avatar
    Elena Severino
    04/11/2023

    lost over 75k investing on a scam broker I didn’t know what to do because I was unable to withdraw my profit, I believed that I would be able to cover the debt with my profits and I thought there won’t be even a chance to get my investment back. Until I contacted Gavin ray after seeing positive reviews about him 4days back on this platform , I got in touch with him and he gave an explanation of how the process would look like and what exactly we need to put in place for this to work out, which I did and followed all his instructions to my greatest surprise I confirmed the payment of my recovered funds to my bank account, he has been really helpful to me, I bet you all should contact him on email: gavinray78 gmail com he’s genuine

    2/5

  15. avatar
    James blood
    22/01/2024

    If you have experienced substantial financial loss as a result of fraudulent binary option investments, it is important to file a complain about the scam broker and obtain a chargeback service in getting back your asset, I recommend gryphon solicitor as a reliable recovery firm proceeding with their assistance in recovering your asset. I have come across positive feedback about gryphonsolicitor. com, I have use there and gain positive outcome and would recommend them which may be worth exploring in securing a legal chargeback service.

    4/5

  16. avatar
    DANIEL RAY
    08/02/2024

    HOPEFULLY THIS REVIEW SAVES SOMEONE OUT THERE!!!

    Am here to testify about the handwork of A Great Verified Hacker ( Mr Morris Gray )Who helped me recover back my lost funds from the hands of scammers who Ripped me off my money and made me helpless, I could not afford to pay my bills after the whole incident, But a friend of mine helped me out by given me the contact info of trusted Recovery Expert, his email: Morris gray 830 @ gmail . com contact him and he will help you recover your lost funds If you have been a victim of any binary/ cryptocurrency or online scam, Mobile spy, Mobile Hack contact this Trusted and Verified hacker, He is highly recommendable and was efficient in getting my lost funds back, 11btc of my lost funds was refunded back with his help, He is the Best in Hacking jobs, contact him ( MORRIS GRAY 830 AT) GMAIL (DOT) COM……

    3/5

  17. avatar
    Jay Doris
    09/02/2024

    THE ONLY LEGITIMATE CRYPTO RECOVERY EXPERT….!!!

    Good day Audience, I want to use this great medium to announce this information to the public about Mr MORRIS GRAY. few months back, I was seeking an online BTC investment plan when I got scammed for about $172,000. I was so down and didn’t know what to do until I came across a timeline about Mr MORRIS GRAY. so I reached out to him and to my greatest surprise, they were able to recover all the funds which I had previously lost to the Devils. I am so glad to share this wonderful news with you all because it cost me nothing to announce a good and reliable Hacker as Mr MORRIS GRAY, His direct email is Morris Gray 830 at gmail dot com, WhatsApp: +1 (607) 698-0239…..!!!

    5/5

  18. avatar
    Nina Himes
    17/02/2024

    I invested over $250k trading online and all access to make withdrawals of my funds was denied, I got in contact with the customers support but didn’t get a reasonable response from them, all my funds including my profit was stuck on the platform. I was so sad being frustrated over things, until I was advised to contact gavin ray a well known recovery specialist by a friend of mine who has also encounter withdraw issues solved by Gavin , I texted him and presented all legal documents and following all procedures he instructed and he successfully initiated the withdrawal confirming the payment into my bank account, i recommend his services to anyone you can contact him on email [email protected] or WhatsApp ‪+‪1 (352) 322‑2096‬

    3/5

  19. avatar
    Nicholas
    24/02/2024

    You can deposit money and trade but When you want to make withdrawal of your funds they seem to reject it, Which means you can accumulate ur asset on their page , After asking for a withdrawal, I sent another email, but I got no response. When I contacted Gavin ray a recovery specialist for assistance, he looked into the matter and made the necessary arrangements, so I had to take the proper steps in order to receive my money back. He gave me a full refund of the money that was held on the platform via his mail [email protected] or WhatsApp +13523222096 ,It was a negative encounter with the platform

    2/5

  20. avatar
    JENKINS COOPER
    05/03/2024

    I read so many stories about bitcoin loss to scams. I will like to start by saying the agencies responsible for bitcoin security has really done nothing to help locate stolen or lost coins. In my situation my MacBook was hacked by someone that had access to my emails, i immediately contacted blockchain and they only wasted my time, after which i worked towards getting help else where, i was referred to consult a bitcoin expert who helped track and retrieved my 3.3 btc, for an agreed fee. I was more than grateful, Thankful i didn’t fall victim and would like to recommend ( MORRIS GRAY 830 @ G maiL . COM )….

    3/5

Leave a Reply to Ragnar Cancel reply