Roboforex Forex Broker Review
Founded in 2009, RoboForex is a multi-asset broker and global online trading platform, offering more than 100 tradable assets such as CFDs and forex trading. With features like API trading, trailing stops, stop loss, and take profit orders.
RoboForex is designed for a seamless trading experience on various devices, including iPads, iPhones, Apple Macs, and web browsers.
This comprehensive review will explore RoboForex’s regulations, account types, instant withdrawals, and trading platforms.
1. Regulation for Security and Trust
RoboForex is regulated and authorized by the International Financial Services Commission (IFSC), which is controlled by the Ministry of Belize Securities.
This regulatory body ensures that traders are protected from issues such as reimbursement schemes that help recover customer investments in case a forex broker becomes insolvent.
2. Flexible Funding and Withdrawal Methods
RoboForex is an instant withdrawal forex broker, with processing times ranging from one minute to one day. For withdrawals, you can choose from various methods such as PayPal, Skrill, WebMoney, Rapid Transfer, FasaPay, and Neteller.
RoboForex offers a wide array of funding methods, including Skrill, WebMoney, Rapid Transfer, Barclays Bank PLC, FasaPay, Neteller, and BlueOrange Bank.
3. High Leverage for Maximum Trading Potential
With RoboForex, you can access leverage of up to 1:2000 with Pro Standard and Pro Cent accounts or as much as 1:500 with ECN accounts. For R Trader and Prime accounts, leverage of up to 1:300 is available.
4. Advanced Trading Platforms for a Superior Experience
RoboForex features a comprehensive suite of MetaTrader 4 and MetaTrader 5 trading platforms and the R Trader and cTrader platforms.
MT4 offers fundamental features suitable for both beginner and advanced traders, while MT5 provides enhanced trading with its speed and reliability.
R Trader allows access to nine graphical tools, 13 technical indicators, an automated strategy tester, and Level II Market Depth. Finally, cTrader offers nine types of charts, Level II pricing, and 14 timeframes.
5. Tailored Account Types to Suit Your Needs
RoboForex offers three account types: ECN-Pro, Prime, and Pro-Cent.
The ECN-Pro account provides a better trading environment with raw spreads of 0.0 pips and a commission of $20 per $1M traded.
The Pro-Cent account is designed for new traders, featuring a minimum transaction size of just one-tenth of the conventional minimum.
The Prime account has a minimum deposit of $5,000 and a reduced commission of $15 per $1M traded.
6. Instant Withdrawal for Financial Flexibility
RoboForex offers instant withdrawals, minimizing funds transfer times to less than one minute. This universal and simple withdrawal system works with various payment systems, including Skrill, WebMoney, QIWI Wallet, NETELLER, and Yandex Money.
Why Choose RoboForex as Your Forex Broker?
RoboForex offers a wide range of trading instruments, including ETFs, indices, stocks, energies, cryptocurrencies, metals, and more. With three trading platforms (MT4, MT5, and cTrader) and five live trading account types, you’ll enjoy a tailored trading experience. RoboForex also offers clients trading tips and expert advice, along with 24/7 live customer support.
In conclusion, RoboForex is an excellent choice for traders seeking a comprehensive, user-friendly, and secure trading platform. With a range of account types, advanced trading platforms, and instant withdrawals