RoboForex Broker Review

Reviews, RoboForex


In the rapidly evolving world of online trading, selecting the right broker is a crucial step towards successful trading. This article provides a detailed review of RoboForex, a well-established brokerage firm that has made significant strides in the industry. We will delve into the company’s offerings, trading platforms, customer service, security, and overall reputation, among other aspects.

Company Overview

Founded in 2009, RoboForex Ltd is a broker that offers access to trading in Forex, stocks, indices, ETFs, commodities, and cryptocurrencies. The company is regulated by the International Financial Services Commission (IFSC) of Belize, ensuring a layer of safety for its clients. Its wide range of instruments and flexible trading conditions have attracted traders of all levels worldwide.

RoboForex broker review banner official saintbank
Source: RoboForex broker info from official website

Trading Platforms

One of the key features that distinguish RoboForex from other brokers is its comprehensive array of trading platforms. These include MetaTrader 4, MetaTrader 5, cTrader, and its proprietary platform, R Trader.

  • MetaTrader 4: MT4 is a popular platform known for its user-friendly interface, advanced charting capabilities, and a plethora of custom indicators.
  • MetaTrader 5: MT5, the successor of MT4, provides expanded functionalities, including more types of orders, direct market access, and an integrated economic calendar.
  • cTrader: cTrader is a platform that provides fast entry and execution, level II pricing, and a complete range of orders.
  • R Trader: RoboForex’s proprietary platform, R Trader, offers cloud-based trading, advanced charting tools, and more than 12,000 assets to trade.

Account Types

RoboForex offers various account types to meet the diverse needs of traders. These include Pro-Standard, Pro-Cent, ECN-Pro, Prime, and Demo accounts. Each account type comes with its own set of features and benefits, catering to both novice and experienced traders.

Pro-Standard and Pro-Cent Accounts

These account types are ideal for novice traders or those who want to test new strategies. They offer competitive spreads, no commission on trades, and in the case of Pro-Cent, micro lot trading.

ECN-Pro and Prime Accounts

These accounts are designed for experienced traders, offering tight spreads, faster execution, and access to liquidity providers. The Prime account offers the best trading conditions, with spreads from 0 pips.

Customer Service

RoboForex’s customer service is laudable, providing 24/7 support in multiple languages. Clients can reach out via live chat, phone, or email. The company also has a comprehensive FAQ section and a Trader’s Forum on its website, where clients can interact and share trading experiences.


As a regulated entity, RoboForex adheres to strict regulatory standards. Client funds are held in segregated accounts, and the broker provides Negative Balance Protection, ensuring clients can’t lose more than they invest. Furthermore, RoboForex is a member of the Financial Commission’s Compensation Fund, which provides insurance coverage for its clients’ funds.

Additional Features

RoboForex also offers several additional features that enhance its appeal to a wide range of traders.


RoboForex’s CopyTrading service allows traders to copy the trades of successful investors. This feature is particularly beneficial for novice traders who are still learning the ropes, as it enables them to potentially profit from more experienced traders’ strategies.

Automated Trading

The broker supports automated trading through Expert Advisors (EAs) on MetaTrader platforms. This allows traders to automate their strategies and execute trades even when they’re not actively monitoring the markets.

RoboForex Analytics Center

The RoboForex Analytics Center is a free resource that provides traders with technical analysis, widgets, calculators, and trading signals. This comprehensive toolkit can assist traders in making informed decisions.

Deposits and Withdrawals

RoboForex offers a variety of deposit and withdrawal options, including credit cards, bank wire transfers, and several e-wallets like Skrill, Neteller, and WebMoney. The broker also supports cryptocurrency deposits and withdrawals, accommodating the growing interest in digital currencies.


In summary, RoboForex is a broker that has demonstrated a strong commitment to providing a comprehensive trading environment that caters to a wide variety of traders. Its diverse range of trading platforms, account types, and additional features like CopyTrading and automated trading make it a compelling choice for many.

While there are areas for improvement, such as expanding its educational resources and seeking licensing from more prestigious regulatory bodies, the overall package offered by RoboForex presents a balanced mix of flexibility, security, and support that many traders will find appealing.

RoboForex has proven to be a reliable and comprehensive broker for traders across the globe. Its wide array of trading platforms and account types cater to the unique needs of both beginners and experienced traders. Their commitment to customer service and security only bolsters their standing in the industry.

However, no broker is without its shortcomings. Some users have noted that RoboForex’s educational resources could be more expansive, particularly for beginner traders. Additionally, while the company is regulated by the IFSC, it does not hold a license from more prestigious regulators like the FCA or ASIC, which may concern some potential users.

Final Verdict

Overall, RoboForex offers a well-rounded trading environment, with a plethora of trading instruments, robust trading platforms, and commendable customer service. While it might not be the perfect fit for every trader, it certainly has a lot to offer and is worth considering for those seeking a flexible and secure trading environment.

As with any financial decision, prospective users should thoroughly research and consider their options before choosing a broker to ensure that it meets their specific trading needs and goals.

Final Takeaways

  • RoboForex is a versatile broker that caters to a broad spectrum of traders, from novices to seasoned professionals.
  • The broker offers a variety of additional features, including CopyTrading, automated trading, and a comprehensive Analytics Center.
  • Deposits and withdrawals are straightforward with RoboForex, with a variety of options available to suit different preferences.
  • While the broker is robust in many respects, there is room for improvement in areas such as educational resources and regulatory oversight.

FAQ: RoboForex Broker – Common Questions Answered

RoboForex is a well-established online broker that has been serving traders worldwide for several years. Despite its popularity, we understand that prospective clients and even existing users often have questions. In this FAQ, we address the most common inquiries about RoboForex, providing detailed responses based on our extensive research and expertise.

1. What is RoboForex?

RoboForex is an international online broker offering a broad spectrum of trading services, including forex, stocks, indices, ETFs, commodities, and cryptocurrencies. Established in 2009, RoboForex has grown to serve over 800,000 clients worldwide as of 2023.

2. Is RoboForex regulated?

Yes, RoboForex is a regulated broker. It operates under the supervision of several regulatory bodies, including the Cyprus Securities and Exchange Commission (CySEC) and the International Financial Services Commission (IFSC) of Belize. This regulation ensures compliance with financial standards and protection for traders.

3. What trading platforms does RoboForex offer?

RoboForex provides various trading platforms to cater to different trader needs:

  • MetaTrader 4 (MT4): This is a popular platform for forex traders due to its user-friendly interface and robust technical analysis tools.
  • MetaTrader 5 (MT5): An upgraded version of MT4, offering additional features such as more technical indicators, a built-in economic calendar, and the ability to trade stocks and futures.
  • cTrader: Known for its transparent pricing, speedy execution, and comprehensive charting tools, it’s a favorite among more advanced traders.
  • RoboForex Terminals: These are proprietary platforms designed for convenience and accessibility, allowing trading directly from your web browser or smartphone.

4. How do I open an account with RoboForex?

Opening an account with RoboForex is a straightforward process:

  • Visit the RoboForex website and click on the “Open an Account” button.
  • Fill out the registration form with your personal details.
  • Verify your identity by providing the necessary documents, such as a passport or driver’s license, and a proof of address.
  • Once your account is verified, you can deposit funds and start trading.

5. What is the minimum deposit at RoboForex?

The minimum deposit at RoboForex varies based on the type of account. For instance, for Pro-Standard and Pro-Cent accounts, the minimum deposit is $10, while for ECN accounts, it is $100.

6. Does RoboForex offer educational resources?

Yes, RoboForex provides a wealth of educational resources suitable for both beginners and experienced traders. These include tutorials, webinars, trading strategies, market analysis, and a comprehensive Forex glossary.

7. What types of customer support does RoboForex offer?

RoboForex offers multi-lingual 24/7 customer support. You can reach them through various channels, including live chat, phone, and email. They also have a comprehensive FAQ section on their website that answers many common questions.

8. What are the deposit and withdrawal methods at RoboForex?

RoboForex supports a wide range of deposit and withdrawal methods to cater to their global clientele. These include:

  • Bank Transfer: You can deposit and withdraw funds directly from your bank account.
  • Credit/Debit Card: RoboForex accepts major cards like Visa and MasterCard.
  • E-Wallets: Popular e-wallets like Skrill, Neteller, and WebMoney are also accepted.
  • Cryptocurrencies: RoboForex supports deposits and withdrawals in Bitcoin and Ethereum.

9. Does RoboForex offer demo accounts?

Yes, RoboForex offers demo accounts for users to practice trading without risking real money. This is a great way for beginners to familiarize themselves with the trading platform and for experienced traders to test new strategies.

10. Is RoboForex suitable for beginners?

Yes, RoboForex is suitable for beginners. It provides a range of educational resources and demo accounts for practice. The user-friendly trading platforms and 24/7 customer support also make it a beginner-friendly broker.

11. What is the maximum leverage at RoboForex?

RoboForex offers high leverage levels, up to 1:2000 for some account types. However, leverage can be a double-edged sword. While it can magnify profits, it can also magnify losses. Therefore, it’s essential to use leverage cautiously, especially for less experienced traders.

12. Does RoboForex offer Islamic accounts?

Yes, RoboForex offers Islamic accounts, also known as swap-free accounts. These accounts are in compliance with Sharia law, which prohibits the accrual of interest or swaps on overnight positions.

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