RoboForex Review 2018

RoboForex Review

RoboForex Review

We’re continuing our work with another forex broker. And quite an interesting broker it is! They have loads of experience (almost a decade) and clients (almost a million), but what is perhaps even more impressive is the number of features on their website. Yes, if you’re looking for a trading partner, you’re in for a treat. To be perfectly honest, it was pretty challenging to decide where to start this RoboForex review because no matter where we looked, the possibilities seemed endless. Finally, however, we got things started and jumped right into the sea of opportunities. After spending quite some time in it, we came back with a whole lot of impressions. Impressions that we can’t wait to share with you. So, go ahead and make yourself comfortable. You know how our reviews are. We took the broker’s website apart. Here’s what we found.

RoboForex trading platforms

The way we decided to start this Roboforex review is by taking a look first at the trading platforms. There is quite a selection of those here, and some of the options you have are pretty famous, which immediately gives this company an edge over the competition. In this part of the text, we’ll take a look at the two RoboForex trading platforms that are perhaps slightly less known to the public and their more famous counterparts will come later.
So, our first target is cTrader. Now, this trading platform is primarily recommended for more experienced traders, as it sacrifices a little bit of simplicity to provide a huge number of indicators and instruments, many of which are not all that common. You also have the option of fully immersing yourself into the software by creating your own trading robots and indicators. You can see why some experience is needed if you want to make the most of this opportunity. Nine types of charts with 14 different time frames only add to the platform’s versatility. However, we need to mention that this RoboForex trading platform will need to be downloaded (several different apps available for various operating systems). There is also a web version, but it is primarily meant for MacOS users.
The other thing we’d like to mention in this part of the text is R Trader. It is a web-based platform with an ace up its sleeve – almost 9000 different instruments can be traded there! That’s right, nine THOUSAND instruments, most of which are US stocks. Don’t let that number intimidate you, though, because this is a much more beginner-friendly piece of software, although you can create your trading robots here too, as well as compose your watchlists. Apart from that, you can also use the so called Buy&Hold strategy, which is also a very significant feature. All in all, this RoboForex trading platform has got you covered, but if you prefer more familiar interface and are more comfortable trading on a forex classic, take a look just below.

RoboForex R Trader

RoboForex R Trader

MetaTrader and RoboForex

Yes, you can also trade on MetaTrader software here, but the thing is that two versions are available to you – MetaTrader 4 and MetaTrader 5. Now you’re starting to see why we were so impressed with the number of options you get on this website – two more RoboForex trading platforms are available to you on top of everything we said in the previous part of the review.
MetaTrader 4 has some very interesting options. Apart from standard features, such as three different execution types, dozens of helpful indicators and many analytical tools, the broker also allows its clients to trade cryptocurrencies here. Ripple, Bitcoin Cash, Dash, EOS, Bitcoin, Ethereum and Litecoin are your choices. But apart from that, you don’t want to skip the MetaTrader Market where you can buy all sorts of trading robots, even more indicators and other useful tools. Of course, if you feel up to it, you can always create a robot yourself to help you with your investments.
MetaTrader 5 takes things up a notch because it adds another execution type into the mix and has six order types. Apart from that, you also get a currency tester. What we liked the most, though, was the ability to use virtual hosting non-stop in order to help your robots work without any pauses and to allow trading signals to keep coming in constantly. Other great features are also here, naturally, so you will be able to trade the same cryptocurrencies here as on this platform’s older brother, plus you will always have access to the aforementioned MetaTrader Market if you need any additional tools. No matter which one you choose, you can rest assured that everything will be done at lightning speed and that the data you get from the platforms will be as fresh as possible. That goes for all RoboForex trading platforms. Let’s now check how things work when it comes to trading on mobile devices, shall we?

RoboForex MetaTrader 5

RoboForex MetaTrader 5

RoboForex apps

After this much effort invested into providing clients with numerous trading environments, it would certainly seem unusual if mobile trading wasn’t up to par. Fortunately, that is not the case because this company is simply too professional for that – each RoboForex trading platform we mentioned comes as an app, too.
cTrader app, for example, is available for both Android and iOS devices. You can choose between 22 different languages when using it, plus it has a notifications system built into it. The R Trader app also supports both major operating systems and offers pretty much everything the desktop platform has. Of course, the design is adjusted to suit mobile devices better, but the main idea is the same – loads of assets, the same minimum deposit (more on that later) and so on. If you’re experienced in this kind of activities, you already know that MetaTrader 4 and 5 also have their apps, and of course that they can be used with this broker, too. Great design and responsiveness is something all RoboForex apps have, but if you don’t want to download anything, there’s a solution for that, as well. Thanks to the broker’s excellent web terminal, you can trade via your internet browser whenever you want, but this does not only apply to R Trader – all pieces of trading software have this possibility. So, no matter where you are and how you want to trade, this company will fulfil your wishes and more than that. You see, the trading conditions on this website are truly spectacular, so we will dedicate to them the next part of our RoboForex review.

RoboForex Mobile App

RoboForex Mobile App

Leverage and spreads

More experienced traders will know how leverage can impact your trades, and our faithful readers will know that we always dedicate a part of our analysis to it. In this case, though, the leverage really deserves a paragraph of its own.
That is because the RoboForex leverage goes way beyond what is usually offered in this industry. True, the Prime account offers leverage of only 1:100, but that is the lowest it can get and even this leverage is fairly average when compared to other brokers. With ECN accounts things become a lot more interesting because the leverage goes up to 1:300, which is pretty high, but the real surprise comes if you opt for Standard or Cent accounts. There, RoboForex leverage will go all the way up to 1:1000, which is absolutely incredible and a rarity in the world of forex.
Other numbers that impact your trading are also impressive, although they too depend on the account type you have. The spreads, for example, start from 0 pips (ECN Pro account), minimum order volume can be 0.01 lots etc. In short, trading conditions here are more than favourable, with the leverage leading the way. That’s just another proof of how good trading platforms on this website actually are.
With that said, we think we can move this RoboForex review on to other topics. We’ve been talking about trading environments for quite a while now, but there are many other interesting topics that need to be explored, too.

RoboForex Leverage

RoboForex Leverage

RoboForex account types

If you want to trade here, you will obviously need to have an account type of some sort. Once again, the broker provides you with loads of options, and we really do mean loads. Several types are at your disposal, but most of them have two subcategories to choose from.
We will start our analysis with Standard RoboForex accounts which will immediately show you what we mean. You see, there are two Standard accounts you can use – Fix and Pro. They are quite similar to each other, but the Pro version allows you to use and invest in Bitcoin and has slightly more trading instruments. It also has floating spreads, compared to Fix account’s fixed. Apart from that, however, these two packages are pretty much the same.
ECN RoboForex accounts also come in two separate variations: Pro and FixSpread. The first one now offers much more assets and even has commission for every million dollars traded (20$), but both support Bitcoin and the spreads are once again floating in one case and fixed in the other. Again, most other features are exactly the same.
Cent RoboForex accounts are, for all intents and purposes, simply copies of Standard accounts. The only difference is that you can actually trade with cents on the real market, thus minimizing the risk and giving yourself an opportunity to test everything out and learn. This is certainly a welcome addition to the offer, since there aren’t too many brokers that provide this option.
Finally, you also have the Prime RoboForex account, the only account type with a minimum deposit requirement. 5000 USD will be needed if you want to trade through it. You will get loads of tradable assets, a commission for every million dollars traded (15$), floating spreads from 0 points, no limitations to the number of positions you have open and several other interesting perks.
Do keep in mind, however, that not all of these accounts can access all RoboForex trading platforms. Some cannot be used on MetaTrader 5, for example, while others may have cTrader unavailable to them. This can all be checked rather easily on the broker’s website, so there is no reason to worry about anything. We are simply giving you a heads-up here.

RoboForex Account Types

RoboForex Account Types

RoboForex demo

But if you thought those were all RoboForex accounts you can open, you were very much mistaken. If the Cent accounts are not enough of a training ground for you, you may want to open a full-fledged RoboForex demo account. There’s one for each Standard and ECN account on offer, so all you have to do is make your choice. This means that all trading platforms can be tested this way, and all trading instruments will be available to you (including Bitcoin, of course). In addition, you will have access to the highest possible leverage. You will even be able to review your trading history extending back to one month! In short, every major feature of the live accounts is there, except trading with real money, of course.
There are some things that set RoboForex demo account slightly apart from the competition, though. For instance, you don’t have to have a real account to open a practice version. If you do have it, switching between the two types will only take one click. In order to create this account, simply fill out a specialized but short form and you’ll be all set. You won’t even have to make a deposit or anything like that. However, do keep in mind that your RoboForex demo account will only remain active for 90 days. Still, that should be more than enough to get to learn everything you need to know about trading here. Had enough of the accounts? Well, there is one more type we have to go over, amazingly enough. Don’t go anywhere, especially if you’re from the Muslim world.

RoboForex Demo Account Registration

RoboForex Demo Account Registration

RoboForex Islamic accounts

If you’re an experienced trader, you probably know the purpose of Islamic accounts well – they are meant to allow traders of Muslim religion to trade in full accordance with their beliefs. In other words, they are swap-free. Instead of the swap, you will need to pay a fixed commission which does not depend on interest rates, and you will thus be free of usury.
It should be pointed out that not all accounts here can be turned into RoboForex Islamic accounts. This option is primarily meant for traders using MetaTrader 4 (i.e. cent and Standard accounts) and you cannot use this if Bitcoin is your base currency. However, you don’t have to worry about any other features changing once you apply for an Islamic account. Everything will remain exactly as it was, with the exception of the swap, of course.
So, what exactly do you have to do in order to activate a RoboForex Islamic account? Well, it’s rather simple, actually. Just open one of the account types that is eligible for transformation into an Islamic account and then contact the support with a request. You can do it via live chat or simply by leaving an application which will be analysed by the crew and approved if you meet all the conditions. Easy, right? You can even check the commission rates on the page dedicated to this particular account type, so all information is readily available on the website. There is absolutely nothing to worry about, and the rest of this RoboForex review will prove that. Keep reading!

RoboForex Islamic Accounts

RoboForex Islamic Accounts

RoboForex deposit

It’s time to take a look at the ways you can manage your funds on this website. More specifically, it’s time to look at how RoboForex deposit is done. Of course, we’ll also show you the numbers that go along with the process and everything else you need to know.
If you decide to scroll down the main page of the website, you will soon come to a pretty amazing statement – there are more than 20 different RoboForex deposit methods to choose from. That’s a staggering amount of options. You have your bank cards (UnionPay, Visa and MasterCard), your electronic payment methods (Skrill, WebMoney, Neteller, Qiwi and many more) and various types of bank transfer systems like Sofort, Trustly or iDeal. The possibilities are extremely impressive, and you will always be protected from negative balance with this broker.
Furthermore, there are no RoboForex deposit fees to worry about, but what the broker does here is actually quite remarkable. You see, when you’re using some of the aforementioned payment systems, the chances are that the service provider will charge you something for it. However, RoboForex will actually cover that commission for you, so the amount what you initially deposit will always be what becomes visible in your balance, no matter the method you use.
Finally, another incredible feature the broker offers in this department – for most account types, there are no minimum RoboForex deposit requirements! That is absolutely stunning compared to the competition. The only instance when you have to be careful of the minimum deposit is the Prime account (like we said, 5000 USD is the minimum you have to invest). But this still isn’t everything you can get if you decide to deposit here, not by a long shot. The party is just beginning, and more sensational features are on their way, so stay a bit more with this RoboForex review, won’t you?

RoboForex Deposit Methods

RoboForex Deposit Methods

RoboForex Bonus

As we said in our RoboForex Scam Test, this broker is regulated, but by IFSC, which allows the company to bestow bonuses onto you. And they are more than willing to do so. Indeed, the bonus policy on this website lives up to the standards set by all those features we discussed earlier.
The first type of RoboForex bonus you can get is your standard welcome bonus. It is worth 30 USD, which may not seem much at first, but keep in mind that in order to become eligible for it you only need to deposit 10 dollars when creating your account. All accounts offer this possibility, just keep in mind that you will need to go through the verification process before the bonus can be awarded to you.
Moving on, the next type of RoboForex bonus you can get is the so-called classic bonus which is actually a deposit bonus – every time you make a deposit, the broker will reward you with extra funds. The more you deposit, the more you’ll get, and the total value of added funds can go up to 30,000 USD. There are three levels to this bonus, though: if you deposit up to 300 USD, you get 50% extra, if you deposit between 300 and 500 dollars, you’ll get 100%, and more than 500 USD will get you a 115% bonus. It is actually very difficult to find a broker that can give you more than 100% of bonus funds, so this offer again sets RoboForex apart from the rest of the pack.
Apart from these deals that can be considered more standard, there are several very interesting RoboForex bonus programs you can join, too. For example, the broker can give you coupons for their trading signals (they usually cost 40 USD), but their number is limited, so you might want to check if they are still available. Furthermore, you can join a program designed to protect you from inflation. This way, you can get up to 10% added to your account balance with no questions asked. All you have to do is accept the program’s conditions and trade, and at the end of every month you get a certain amount. This will depend on how much you trade.
There are many more perks like this you can take advantage of, so we sincerely recommend you examine the RoboForex bonus policy thoroughly. Just remember that in most cases there will be certain requirements you will need to fulfil if you want to withdraw these additional funds. But we’ll talk about that process in greater detail next, so read on.

RoboForex Welcome Bonus

RoboForex Welcome Bonus

RoboForex withdrawal

It is absolutely imperative for any broker that the transfer of funds goes smoothly every time. Not just from you to your trading account, but other way around, as well. Therefore, after talking so much about how you can use the funds on this website, it’s time to take a look at RoboForex withdrawal.
It is very interesting to note that you can withdraw your funds for free twice a month, but only on the first and third Tuesday in the month. Of course, this deal only applies to the first withdrawal you make on these days, but it’s still a pretty intriguing proposition. Most brokers will only offer you one free withdrawal per month if any at all. However, to be eligible for this, you will have to have made at least one deposit in the six months leading up to the withdrawal.
Now, Roboforex withdrawal methods are not as numerous as the deposit methods, but you still have plenty of options. You can use Visa and MasterCard cards and electronic payment systems, but bank transfer systems like Trustly and Sofort will not be available. Still, even without that, there really should be no problems.
As far as RoboForex withdrawal numbers are concerned, they vary greatly depending on the method you decide to use. Like we said, you can get one free withdrawal on a certain day, but otherwise there will be a withdrawal fee you need to pay. These fees go from 0.5% for Fasapay to 2.6% + 1.3 USD or 1 EUR for withdrawals via Visa and MasterCard cards. As for minimum RoboForex withdrawal requirements, they too depend on the method but are generally very low – with WebMoney, for example, you can make a withdrawal of just 2 cents. Keep in mind that some methods have an upper limit, which is usually 10,000 USD per transaction.
These low numbers can really mean a lot to more casual traders because you don’t have to commit a lot of your resources to trade here. When it comes to minimum withdrawals, these are some of the lowest values in the whole industry. We should also mention that all your requests will be processed within a single day, which is also very commendable. With that, we think we have covered the financial side of things here quite enough, but there is still much work to be done in this RoboForex review.

RoboForex Commission-free Withdrawal

RoboForex Commission-free Withdrawal

Contact methods

As you can see, there is a lot to examine on this website. The offer is extremely impressive with a huge number of great features. This can be overwhelming for new traders, but if you don’t know which way to turn, we sincerely recommend you talk to the support team. And there are numerous ways you can do so.
First of all, there are many ways you can initiate a chat session with the staff. Not only is there a live chat embedded in the website, but you can also easily choose between things like Telegram, WeChat, WhatsApp and even Facebook and Skype. Simply click on the icon in the lower right corner of your screen and make your choice.
Obviously, that’s not the only option. You have 11 different phone numbers (languages) you can call, there is a question form you can send in and you can even request a callback if you want. These people work around the clock every single day to provide you with the answers you need, so you can expect your every issue to be resolved as quickly as possible. Naturally, a broker of this quality expects only outmost professionalism from its employees, which is exactly what you get from the support crew. We will just point out that you may sometimes wait for an answer a couple of minutes when in the live chat, but that’s really a minor complaint. The support is nothing short of excellent, but there are other ways this company can help you.

RoboForex Contact

RoboForex Contact

Education

If all of this wasn’t impressive enough, RoboForex education is another thing that will sweep you off your feet. Everything is meticulously explained right down to the tiniest detail, and even if you have never traded before, you will be able to learn absolutely everything you need to know.
Not only are the account creation process and the trading process explained in great detail, but you also have educational videos, a huge FAQ archive, expert advisors and even RoboForex webinars at your disposal. This last feature deserves a couple more sentences because it is completely free and allows literally everyone to join. Just head on to your Members Area and you will be able to register for the webinar you wish to attend.
Apart from these, there are also some trading tips you can use, plus you can learn about various analytical approaches to the market. This is all made possible through RoboForex analytics centre which is again completely free for this company’s clients and allows you examine everything in several different languages and even on your mobile devices. That’s right, this is also available for Android and iOS devices, so if you’re a passionate trader, this could be a great way to pass the time and learn while you’re traveling somewhere, for example. In addition, the broker performs both fundamental and technical analysis for you, which can also be accessed rather easily on the website. These tips come in the form of short notifications about what’s going on with a particular instrument, so you can get a lot of very useful information very quickly. And yet, there is more. Once again, we have something big to address which deserves a paragraph of its own. The following part of this RoboForex review will address something very special indeed, so stick around just a little more. We’re almost at the end of this extensive article, but the following is something you simply must know about.

RoboForex Education

RoboForex Education

RoboForex forum

Yes, on this website, you have the ability to see what other traders think and to communicate with them directly. This can be done on the RoboForex forum, which is an absolutely brilliant idea which we don’t see enough of on other brokers’ websites, unfortunately. The quality with which this feature has been implemented is extremely impressive, and you will see that as soon as you get to the forum’s main page.
RoboForex forum has literally thousands of threads you can browse. Literally everything concerning not only the company’s vast offer but also the forex industry as a whole can be discussed there. There are sections dedicated to the broker’s services, to the trading software and everything you get there, to the news and analytics and to traders themselves. So, if you’re more of a type who learns through direct communication and discussion, this is the perfect substitute for all those learning materials we discussed earlier. RoboForex forum is absolutely everything one could hope for from a feature like that and more. And it’s not a dead forum either, although it’s true that the numbers at the moment are lower that at its peak. Still, every time we logged in we found several hundred other users browsing the topics, so you can rest assured you will have quite a lot of company here. If that’s not the best way to wrap up this text, we don’t know what is. But let’s give a short summary of what we say during our stay here before we finish things completely.

RoboForex Forum

RoboForex Forum

Conclusion

Come to think of it, giving a SHORT summary of this RoboForex review is a lot tougher than it sounds. There is so much that needs to be emphasized. Where do we even start? Maybe with the trading platforms which all offer loads of tools, great design and ease of use? Or do we put first the fact that the financial requirements here are incredibly low and that you can start making serious investments with just a few dollars? The number of payment options is certainly very impressive. There is a case to be made for RoboForex bonus policy too, and don’t forget that you can chat with the support crew in numerous different ways, including WhatsApp and Skype. And don’t forget the wide variety of trading accounts you can open, meaning you can literally trade however you want. Finally, there is the incredible forum we described in the previous paragraph of this text. It too deserves only the highest praise.
In short, a summary of this kind actually doesn’t make much sense. Wherever you turn on this website, you will find nothing but world-class features and services. Everything is accessible, simple to use and financially acceptable, so just log in and start trading. Open an account with this company if you already don’t have one, and you will not be looking for another broker for a very long time. Good luck!

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Author: Ben Prescott
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