Let's start a combing camparison between Two brokers' widely used tools, mobile apps, platforms, spreads, and more.
Regulated by IFSC
In this ever-growing Foreign exchange industry, RoboForex is succeeding as one of the most client-centric brokerages with more than 3 million live trading accounts.
This enormously renowned brokerage was formed back in 2009 and it's been operating globally since then. The broker was entitled as well as awarded numerous achievements over time.
RoboForex is located in Belize and regulated by IFSC (International Financial Services Commission) under the license number 000138/210.
Apart from that, the broker offers MULTIPLE trading instruments ( over 12,000 instruments) including investment platforms, trading platforms, and all the other floating assets.
That's not even it!
The brokerage company has recently partnered up with BMW Motorsport corp. along with a long-term sponsorship contract with the invincible Muay Thai fighter, Andrei Kulebin who is the current world kickboxing champion.
So, you get the idea, right?
Anyways, the broker offers numerous trading opportunities, a sound global presence, human-centric trading solutions, exciting bonuses and promotions, and much more! We bet you want to find out all of that.
Therefore, let's dive right in
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Bank Wire, VISA, MasterCard, ePayments, FasaPay, Neteller, PaySec, Poli, Skrill, UnionPay
RoboForex preliminarily renders 5 types of trading accounts to the retail market traders. Which goes as follows:
The Prime accounts, ECN accounts, R Trader, Pro-Cent, and last but not least Pro-Standard accounts. Anyways, just so you know these accounts require fewer deposit amounts compared to other brokers like Exness, HotForex, and Tickmill.
And as per the minimum deposit amount, it is $10 for most of the accounts provided by RoboForex except the R Trader trading accounts which of course requires a minimum deposit amount of $100 to start trading and which is without a doubt quite low.
For a better overview:
You get the idea, right?
Anyways, here’s the account opening procedure at a glance:
Moving on, if you're a professional market trader then the ECN and Prime accounts are forged specially for you. The accounts provide zero pips along with multi-asset trading. So, which ones are BEST for beginners or novice traders?
It's the Pro-Cent and Pro-Standard trading accounts which are ready to go at any time, just give the call.
Anyways, the primary difference between each account is probably margin and leverage. Also, all the exciting trading bonuses are available only on the Pro trading accounts.
RoboForex also provides Islamic swap-free trading accounts for all Muslim traders across the globe. Not only that, you'll be getting strategic and investment solutions using their digitalized and innovative RAMM platforms for both short-term and long-term trading procedures.
Anyways, here are the spreads of RoboForex which really stands out compared to other foreign exchange brokers.
In addition, the leverage rate of RoboForex differs while judging the account types.
As a result, the Pro-cent and standard trading accounts offer a 1:2000 leverage rate, on the other hand, the Prime and R trader accounts render a leverage rate of 1:300. As for the ECN accounts, it's 1:5000
RoboForex is not only known worldwide for its safe and secure trading environments, there's more to it than meets the eye!
As they also offer a wide range of market assets to trade on especially they offer 26+ cryptocurrencies which are undoubtedly impeccable compared to other brokers.
However, you'll be given access to:
Forex: You'll be eligible to trade on more than 40+ currency pairs including the exotic pairs.
Metals: Availability of precious metals including gold, silver, platinum.
Energies: Availability of widely traded energies like oil, ETFs.
Stocks: You'll be able to experience 12,000 global major stocks shares.
Commodities: You'll be able to trade on more than 100 commodities.
Indices: You'll be able to trade on more than 10 indices including the tremendously popular NASDAQ along with Dow Jones (US30).
Besides, to know more about these awesome features provided by RoboForex, you can visit their official website
When it comes to being a regulated brokerage company, RoboForex might sound like a typically regulated broker.
But let us tell you something very specific that RoboForex Ltd is regulated by IFSC (International Financial Services Commission) under the license number 000138/210.
It only gets BETTER!
RoboForex Ltd. is a part of IFSC's compensation fund which means they are obliged to pay at least €20,000 for any sort of legal case taken against them.
Therefore, you get the idea, don't you?
When it comes to trading platforms, RoboForex literally comes top of the list with their wide range of trading platforms which obviously includes:
Let's break it down in a bit
RoboForex is now providing mobile trading opportunities to traders across the globe. As for mobile trading, they are rendering access to all of their trading platforms including MT4, MT5, cTrader, and R Trader.
And... it gets even BETTER!
The mobile trading platform is available for both android and ios devices. Apparently, to use the platform, you've to first download it from the google play store or app store and then access it with the Live server of RF.
Moving on, You can experience the whole functionalities of MT4 and MT5's desktop versions in the mobile trading app.
As for the cTrader, you'll be able to access several tools and basic functions such as pinch to zoom, in-app notification, filing scrolling, and much more!
The same goes for the R Trader mobile platform as it provides in one solution along with 14+ trading indicators, live charts-quotes, and multi-language( up to 22 languages) support.
The MT4 trading platform is probably the most flexible and easy-to-use trading platform out there.
It will give you access to use your personalized EA's, 50+ trading indicators, basic graphic tools, advanced charts, market trends, and much more!
On the other hand, the MT5 is available for all traders and it is known as the next-gen platform through its prominence performance and speed accuracy.
In the MT5 you'll be getting 4+ order execution, more than 6 types of pending orders, various trading indicators, hedging capabilities, trends, and much more!
Also, RoboForex also renders one of the most innovative and smart trading platforms of the current time "cTrader".
The platform comes with 54+ trading indicators along with 14+ time frames. The platform is compatible with both mobile and pc.
However, RoboForex also offers a very specific trading platform “R Trader” that is exclusive to only the users of RF. The platform comes with a classic and user-friendly interface along with action-packed features.
It offers 13+ inbuilt indicators, 9+ trading graphs, market depth (pt. 2), automated trading, netting-hedging, and much more! Moreover, the platform is available on pc and mobile devices
For all the Foreign exchange traders out there, RoboForex is currently providing startling trading bonuses which you don't want to miss out on at any cost.
30$ Welcome Bonus: RoboForex is currently providing a 30$ no deposit bonus for all the starters. To be honest, the bonuses are a great way to BOOST and inspire newbies to trade the market.
Profit Share Bonus:
RoboForex also provides a profit share bonus to retail market traders. But the bonuses can only be obtained from the Pro and Pro Cent accounts.
Despite that, the broker also offers a CLASSIC trading bonus which is given judging the first deposited amount by a trader. Just so you know the number can reach up to 120% sometimes
If it ever comes to providing a wide range of transaction methods, RoboForex is no exception.
The broker offers more than a dozen transaction methods along with the compatibility of 9 different currencies to choose from while making a deposit.
For making deposits, they permit local and international banks, card payments, cryptocurrencies (for non-EU clients only), electronic wallets, and much more!
Note: RoboForex doesn't allow Paypal therefore you won't be able to deposit with PayPal and the minimum deposit amount is $10.
Moving on, the withdrawal process can be a little bulky sometimes as it can take more than 48 hours on various occasions. But it's not always like that though!
You'll be getting up to 13 transaction methods for placing a withdrawal including cryptocurrencies (non-EU clients only). As per the commissions, it varies between 0.5% to 2.8%.
Note: RoboForex offers a free fund withdrawal program where you'll be able to withdraw money without any commissions but only twice a month.
Reliable customer support is a must-have feature for a brokerage company in order to stay at the top of the race. Bearing that in mind, RoboForex also fabricated a 24/7 superactive customer support protocol.
Email address: [email protected]
Phone:+65 3158 8389
The customer support of Robo comes with multi-language support (more than 12 languages) including Arabic, English, Indonesian, Spanish, Malaysian, i.e.
Moving on, the physical head office of RoboForex is situated at 2118 Guava Street, Belize City.
Forex education materials are a great way to find your way through this unstable and volatile trading industry. As it can help you to stay up to date with a lot of things.
RoboForex gets that significance quite well!
As a reason, they have fabricated a committed learning center where you'll find out numerous webinars, blog posts, analysis, trading tips, guide books, video tutorials, and whatnot!
It is well organized and also made in using a user-friendly perspective. So, the beginners could get a hold of everything that's been going on
In between some months, I found Robo Forex very effective and pleased with their service.
I am a trader myself and have been using this broker for 2 years now. I can't share the bad reviews at all, probably they are people who use copytrading.
The company has a good reputation for their partnership programs, as they keep updating their user to do work better besides they pay better.