RoboForex Review – Innovation at its peak
RoboForex broker is an international company regulated by the IFSC, license No. 000138/437. The license number can be checked on IFSC’s official website to make sure it is still valid.
The broker is a member of The Financial Compensation Fund and has Negative Balance Protection. Those two factors guarantee the full protection of the trader’s funds as well as monetary compensation in the case of human error. Currency pairs, stocks, commodities, indices, ETFs, Soft Commodities, Energies, Metals, and Cryptocurrencies are among the trading instruments that RoboForex has to offer for their clients.
The main motto of the company is “1,000,000 reasons to start trading”. Although a marketing gimmick, it still shows us that RoboForex is open to beginner customers. This is further solidified by their spreads, which can go as low as 0.001 pips on popular currency pairs such as EUR/USD. The minimum lot size for the micro account is $0.01. Roboforex offers 3 currency types, which are USD, EUR, and CNY. There are 8 asset classes available with guaranteed lightning-fast execution times. With over 40 currency pairs, the maximum leverage with Robofrex can be 1:2000, which is also one of the best options in the market.
Account Types
Within the first few minutes of our RoboForex review, it was immediately apparent just how many account types there are. We were able to identify 6 in total, which is way more than the industry average of 3. These account types provide features to almost every type of trader. It only takes a small glance to identify the most suitable one based on your personal trading habits. Let’s look into them in detail.
Prime Account
- Trading instruments – 28 currency pairs, Metals, CFD on US stocks, CFD on Indices, CFD on Oil, Cryptocurrencies
- Minimum deposit – 10 USD / 10 EUR
- Spread – Floating from 0 pips
- Maximum leverage – 1:300
- Deposit bonuses – Not available
- Loyalty bonuses – All offers
ECN Account
ECN accounts are intended for professionals, who prefer the best trading conditions available, tightest spreads, high execution speed.
- Trading instruments – 36 currency pairs, Metals, CFD on US stocks, CFD on Indices, CFD on Oil, Cryptocurrencies
- Minimum deposit – 10 USD / 10 EUR
- Spread – Floating from 0 pips
- Maximum leverage – 1:500
- Deposit bonuses – Not available
- Loyalty bonuses – All offers
R Trader Account
A unique account for trading through multi-asset web platform R Trader for experienced traders, who want access to all major financial markets from a single account.
- Trading instruments – 12,000+ Indices, Cryptocurrencies, Stocks, CFDs, Forex and ETF
- Minimum deposit – 100 USD
- Spread – from 0.01 USD
- Maximum leverage – 1:300
- Deposit bonuses – Not available
- Loyalty bonuses – Not available
Pro-Cent Account
The key feature is using cents as the base currency unit (US Cent, EU Cent, etc.)
- Trading instruments – 36 currency pairs, Metals, Cryptocurrencies
- Minimum deposit – 10 USD / 10 EUR
- Spread – Floating from 1.3 pips
- Maximum leverage – 1:2000
- Deposit bonuses – All offers
- Loyalty bonuses – All offers
Pro-Standard Account
The most popular account type at RoboForex with optimal trading conditions, which is suitable for both beginners and experienced traders.
- Trading instruments – 36 currency pairs, Metals, CFDs, Cryptocurrencies
- Minimum deposit – 10 USD / 10 EUR
- Spread – Floating from 1.3 pips
- Maximum leverage – 1:2000
- Deposit bonuses – All offers
- Loyalty bonuses – All offers
Demo Account
This is an extra opportunity for the new traders, who are not familiar with any trading strategies yet. The demo account gives traders an opportunity to trade with virtual funds, without any risk of losing real money.
Bonuses
The Roboforex broker offers multiple bonuses for active traders. As for the 10th anniversary of the broker, Roboforex is ready to give away $1,00,000 for the Prime accounts earned together with the company as a partner, or make the Top-30 of CopyFX traders. Moreover, you can get a 30$ welcome bonus, on your registration with the broker. The initial capital is only available for the first registered traders.
There is the Classic bonus of up to 120%, of the deposit amount transferred to your account. The Profit Bonus of up to 60% also applies even when the Equity on the account of the trader is below the amount of the additional funds. And the last bonus offer is up to 10% on the account balance of the traders. Once you join the program you will automatically be eligible to receive the monthly payment as the annual percentage on your account balance.
Final Words
Roboforex broker is one of the best trading companies available on the market today. With the number of promotions, multiple accounts, and over 10 global awards for its performance, Roboforex is definitely the place you should address if you are willing to start or continue your professional trading career.
