RoboForex

Founded in 2009, RoboForex is regulated by the FSC of Belize and provides service to more than 800,000 traders in 150 countries. RoboForex offers ECN execution and a low minimum deposit.

Is RoboForex Regulated? Legit? Safe?

RoboForex Ltd is a financial brokerage company regulated by the FSC, license No. 000138/437, reg. number 128.572. Address: 2118 Guava Street, Belama Phase 1, Belize City, Belize.

This can be easily checked out and verified at the website of the regulator whenever you require it.

RoboForex has a longstanding history in the industry having been founded in 2009. They still retain their registered address at Belize.

What platforms does RoboForex offer?

Trading platforms are your windows to the market. They are therefore an integral part of your broker experience. Here is what you can expect to find from Roboforex in this regard.

What are the RoboForex account types?

Roboforex offers access to many different account types. Here is the lowdown on each of them.

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RoboForex trading spreads and commissions

RoboForex spread fees are some of the lowest among large international brokers.

When compared to competitors, RoboForex is cheaper than some and costlier than others. For example, as you can see in the table below, RoboForex is cheaper than Forex4You. The latter has high Forex spreads of up to 3, while the highest for RoboForex is 2 for GBPUSD and USDJPY.

However, RoboForex is more expensive than other competitors, such as Exness. With spreads ranging from 1 to 1.3, Exness is more budget-friendly than Forex4You and RoboForex.

Despite having higher spread commissions than Exness, RoboForex spread fees are still comparable to most international brokers. Plus, the platform offers different ways to lower the commission fees, such as rebate programs.

What is the RoboForex minimum deposit?

The minimum deposit at Roboforex will depend on the account type you choose to open. This is $10 for the ECN, Prime, Pro, and ProCent accounts. For the R StocksTrader account, the minimum deposit is $100, but it goes up to $10,000 if you want to trade with US Stocks Pro.

What are the RoboForex deposit and withdrawal methods?

There are some fees to consider when dealing with Roboforex withdrawals. These are as follows:

• Bank Transfers
• Credit Cards
• Skrill
• Neteller
• Perfect Money
• AstroPay
• AdvCash

Are there bonuses or promotional offers on RoboForex?

There can be many bonuses available including the 120% deposit bonus for your first and following deposits. You also have a chance to win up to $50,000 depending on how much your deposit.

As a new trader, there is a $30 welcome bonus if you are opening a Pro or Pro Cent account. There is also a profit share bonus that can increase your deposit by as much as 60% on the same account types.

Final Thoughts:

The key features and main characteristics of RoboForex are listed below:

• Low minimum deposit
• Spreads from 0 pips
• Range of trading platforms and account types
• Well-regulated
• Insurance coverage of up to $5,000,000
• Copy trading available