RoboForex Review 2023 Verified Customer Reviews

RoboForex is notable primarily for its technological savviness and suite of solutions for trading strategy automation. The broker has designed a special software product for algorithmic traders with attractive trading conditions, and a range of educational and analytical services. R Trader account for building bots offers the widest choice of instruments – 12,000. These, naturally, include all main currency pairs and cross rates.

• I lost a little money due to my own mistakes, so I have no complaints about the broker.
• The amount of the overnight swap depends on the currency pair, the size of the position, and the current interest rates in the market.
• However, be cautious of bogus and untrustworthy brokers hiding in the shadows, ready to exploit naive traders.
• Here’s what RoboForex (RoboMarkets) offers in terms of trading platforms.

There are 5 types of accounts on Roboforex and they all have different maximum leverage. BrokerNotes is powered by a dynamic team of writers, researchers, content strategists, data analysts, editors, traders, and investors. We are obsessed with creating the best finance content on the internet, and we are dedicated to helping our readers make great choices for their money. We’ve researched the MetaTrader offerings of 60+ forex brokers and found that 81% of brokers offer the more famous version of MetaTrader, MT4, while only 63% offer the newest version, MT5. We have in-depth guides on MetaTrader if you’d like to learn more; check out our guide to MT4, or read our in-depth guide to MT5. In terms of mobile charting indicators and studies RoboForex (RoboMarkets) has 30, compared to the industry average of 41.

Support

A fantastic broker can take your first investments and help to protect it from losses but also provide you a platform that can help to give you favourable profits. If you want to earn profits, you must trade with a brokerage service that contrasts with your investment objectives. Our team has devoted their efforts to simplify the intricate world of trading with Roboforex into easily understandable information in this Roboforex review.

However, RoboForex’s Trust Score is below-average, as it currently holds only two regulatory licenses. Also, there is access to the various educational resources available. Also, as we already mentioned, you can polish your skills and participate in trading contests, which also increases your level and allows you to develop skills. Market analysis, technical analysis, professional trading analytics, and a range of trading tools are available via the Members Area. RoboForex is a popular International  Forex Broker recognized by the experts in the Financial Market, while operating since 2009 with service around the world.

Trading Risk Disclaimer

Nonetheless, this is more prevalent in the example of Market Maker brokers who compete with customers on the stage. Roboforex admits the significance of owning a fast order execution. A quick execution enables users to exchange without fretting about slippage safely. The broker goes to great lengths to understand what traders want. The broker also gives a number of programs for all kinds of traders. Roboforex helps to ensure that the individual needs of all traders are met to the best of their ability.

The Roboforex MetaTrader 5 trading platform is available on Android smartphones or tablets powered by the Android 5.0 or higher operating system. Take the time to understand all of the Roboforex Android MetaTrader 5 features. With Roboforex MetaTrader 5 for Android, you can trade various financial instruments anytime, anywhere. Roboforex MetaTrader 5 Can Operate on newer iOS devices like the iPhone and iPad.

Commissions and fees

They are often used where there is the need to run an automated trading system around the clock or if the local internet connection is unreliable and you need minimal downtime. I have my own VPS which is ideal for running my MT4 accounts without needing my laptop switched on all the time. I can easily login to my VPS or check the progress of trades from my phone using the MT4 app.

• Using a copy trading strategy will mean increased risk, so all data has to be considered to see if it matches your investment strategy.
• CopyFX is the social trading platform on RoboForex that allows you to copy trades of successful traders.
• Traders can join the affiliate program, market the broker to other interested traders and get a commission when they sign up with RoboForex.
• I opened an account with roboforex almost two months ago and deposited more than 6k and I had no issue until a suspicious activity happened in my trading account that costed me more than $3600.

Since 2018, RoboForex Ltd have regularly used the Verify My Trade (VMT) service which provides a quality auditing review of order execution to evaluate how they are executing client orders. RoboForex Ltd sends 5,000 depersonalised client trades for VMT to analyse and compare to other brokers each month. To gain a quality certificate, the results should comply with the market average values. RoboForex Ltd have received an execution quality certificate that confirms compliance with the strict requirements of the Financial Commission to its member brokers. This is something that you don’t see many brokers do, which is another thing that helps set them apart from the competition and shows how confident they are with their service.

Traders Reviews

I highly recommend the proprietary R StocksTrader, which also supports algorithmic trading in a code-free environment. To use the copy trading feature on RoboForex, you need to register and deposit some funds in your account. Then you can choose to copy trades from a popular https://forex-reviews.org/trading-with-plus500/ trader or share trades to other people. Copy trading is possible on RoboForex thanks to CopyFX, its proprietary copy trading platform. The broker a trader chooses for trading is extremely important if the trader wishes to be successful and safeguard his personal information.

In addition, you can even gain access to a vast collection of educational resources and assistive substance to kickstart your trading expertise. With this virtual Roboforexdemo account, you are able to experiment in any way, to whatever period you desire. You can even start positions, test different trading approaches, and more. If you register to get a demo account with Roboforex, you may set out with a decent amount of virtual money.

Fraud Accounting! Check your statement properly!!!

Of the 1,218 Roboforex reviews on Trustpilot, RoboForex receives a “Great” rating, with an average of 4.4 out of 5 stars. If you want to refer people to them, you can easily do so by sharing the link from your own trading account. It’s important to note that fees can vary depending on the type of personal account you have with RoboForex.

MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on Roboforex offers traders comprehensive features and tools to enhance their trading performance. The Roboforex MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the Roboforex platform to their needs. One of the standout features of MT4 is its charting functionality, which allows Roboforex traders to analyze price movements and make informed trading decisions. RoboForex offer the cTrader platform for professional traders, providing them with direct STP access to the global markets.

Trading accounts on RoboForex

The broker’s distinguishing feature is the large number of trading accounts that differ in the selection of instruments and trading conditions. There is a special section on the company’s website, where the trading expenses are provided in tables. I writing from belorus and first of all i would like to apologize about my bad english tongue and i want to say that i am probably the first trader that didn’t lose money on forex. RboForex is a nice and fair brokerage company and i happy with this. They don’t try to hide the fact that their cent transactions do not go ona real market, but many company working like this and this is not something bad thing like everybody thinking. I started suddenly with have their special bonuses for writing on their forum and i used their education and opened deposit.