RoboForex Review 2024 | Is RoboForex a Scam or Legit Forex Broker?
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Is RoboForex safe? Yes RoboForex is a safe and secure broker. However, No broker is perfect, and RoboForex is no exception. While they do have a lot of pros, there are plenty of reasons why you might be looking for an alternative to RoboForex. So which brokers are better than RoboForex? Want to jump straight to the answer?

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Read our RoboForex review to find out if RoboForex is a scam or a reliable forex broker. Unbiased Forex brokers reviews that serve the interests of our users.

RoboForex Review and Analysis

Overview

Roboforex ReviewRoboForex Ltd is an online broker that offer low spreads, multiple trading instruments, multiple platforms and limited bonuses.

Investor Protection & Regulations

Regulated by the IFSC, investor funds are protected by account segregation and Financial Commissions’ compensation. RoboForex provides security through industry best security practices and compliance to the regulatory provisions of IFSC. These include segregated accounts and encryption technology.

Tradeable Products

Choose from over 9,000 trading instruments available on the RoboForex trading platforms, across 50 currency pairs, 26 cryptocurrencies, 8600 stocks and 9 indices.

Fees and Commissions

Roboforex fees and commissionsTrade with low spreads on the RoboForex trading platform, starting at just 0.1 pips on the EUR/USD benchmark

Trading Platform

Roboforex trading platformMultiple trading platforms are provided by RoboForex, which include MT4, MT5, cTrader, R webtrader and the R Trader.RoboForex platforms are all available on the mobile platforms. The MT4, MT5 and cTrader all have downloadable android and iOS versions. They can be downloaded from their respective stores or from the link on the RoboForex website.

Account Types

Multiple account types are available depending on the platform, instrument and the investor’s capital, these include Cent, Standard, ECN NDD, Affiliate and Prime accounts.

Deposit and withdrawal

Roboforex Deposit and WithdrawalRoboforex offers several payment options, depending on country of domicile. These include e-wallets, credit/debit cards and bank wire. Withdrawals are processed within 1 day and are charged.

Usability

The overall experience is rich for traders of all levels, it includes a variety of resources and a wide selection of trading technology.

Customer Support

Roboforex customer supportVery fast, reliable and efficient customer support is available in 12 languages 24/7

Education and Research

For trader education, several instructional videos are available as well as walk-through guides and tutorials.

Overall Conclusion – Final Thoughts

RoboForex is regulated by the IFSC and provides adequate security and protection of investor funds. The brand’s own platforms are suitable for every level of trader. Trading charges are low and you can get access to over 6,000 trading instruments.

Broker's Features ROBOFOREX Availability
Commissions
Hedging
PAMM
Scalping
Accepts US traders
24 hour trading
Swaps
Demo account
Daily analysis
Automated trading
Mobile trading
Trading by phone
1st deposit bonus
Forex contests competitions
Bonuses Promotions
Interest charges on the balance
Free education
Expert advisors
Partnership programs
Trust management
24 hour support

Bonuses: Upcoming & Ongoing Competitions and Giveaways

roboforex default bonus image
Welcome Bonus 30 USD from RoboForex

$30 USD no-deposit bonus. If you are a new client, open a new account and verify it.

Ending Date: Tuesday 31 December, 2024

Terms: Available to new clients only. The profits can be withdrawn with no restrictions, but the bonus can be withdrawn after volume trading conditions have been met. The promotion can be changed or terminated at any time without previous notice.

Latest News

roboforex default news image
Up to 85% of spread: RoboForex expanded its affiliate programme

RoboForex has expanded its affiliate program, INFINITY, offering partners up to 85% of the average spread plus 20% from swaps on popular trading instruments like gold, silver, oil, and US indices. This increase in partner commissions aims to attract ... 

and reward affiliates, boosting the platform's user base and trading volumes. The enhanced program is part of RoboForex's strategy to remain competitive in the forex and CFD markets by offering lucrative incentives to partners.

Tuesday 18 June, 2024

People Also Asked

Is RoboForex regulated?
Yes, RoboForex is regulated by top-tier regulators, IFSC inclusive.
Where is RoboForex based?
RoboForex is based in Belize
How does RoboForex make money?
RoboForex charges a spread between the bid price and ask price. In some instances it also charges a commission.
How do I deposit in RoboForex account?
With RoboForex you can deposit money via the following means; China UnionPay, Credit Card, FasaPay, Neteller, Poli, QIWI, Skrill.
How do I withdrawal in RoboForex account?
RoboForex lets you request a withdrawal of funds from your account via the following means; Wire Transfer, Credit Card, Neteller, Skrill.
What is the minimum deposit for RoboForex?
RoboForex has $10 minimum deposit.
What is the max leverage in RoboForex?
RoboForex has a maximum leverage is 1:2000 for professional traders.
Does RoboForex use MetaTrader?
RoboForex platforms: Yes, RoboForex use MetaTrader as well as the following platforms: cTrader, MT4, MT5, Proprietary
What type of broker is RoboForex?
RoboForex appears to be a Dealing Desk, DMA, ECN, Market Maker, No dealing d broker which offers market access to a variety of traders.
Does RoboForex accept US clients?
No, RoboForex does not accept US clients
Does RoboForex offers Islamic accounts?
Yes, RoboForex offers Islamic accounts
What financial instruments can I trade?
You can trade a wide variety of instruments with RoboForex: You can trade a wide variety of instruments with RoboForex: Currencies, Commodities, Indices, Stocks, Cryptocurrency

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