If you’re searching for a reliable Forex and CFD broker, you might have come across RoboForex. In this detailed RoboForex review, we’ll examine its features, trading platforms, account types, fees, and overall reliability to help you decide if it’s the right broker for you.
RoboForex Overview
RoboForex is a well-established online brokerage firm founded in 2009. It offers trading services in Forex, stocks, indices, commodities, ETFs, and cryptocurrencies. Regulated by IFSC Belize and CySEC (for EU clients), RoboForex provides a secure trading environment with competitive trading conditions.
RoboForex Key Features
Here’s a quick overview of what RoboForex offers:
✅ Multiple Account Types (Cent, ECN, Prime, R StocksTrader)
✅ Low Minimum Deposit ($10 for Cent accounts)
✅ Tight Spreads (From 0 pips on ECN accounts)
✅ Leverage Up to 1:2000 (Non-EU clients)
✅ Fast Execution (No requotes, minimal slippage)
✅ Copy Trading & PAMM Accounts
✅ Free VPS Hosting (For active traders)
✅ Cryptocurrency Trading (BTC, ETH, XRP, etc.)
RoboForex Account Types
RoboForex offers different account types to suit various trading styles:
1. Cent Account
- Minimum Deposit: $10
- Spread: From 1 pip
- Leverage: Up to 1:1000
- Ideal For: Beginners
2. Pro Account (Standard)
- Minimum Deposit: $100
- Spread: From 1.3 pips
- Leverage: Up to 1:600
- Commission: No commission
3. ECN Account
- Minimum Deposit: $100
- Spread: From 0 pips
- Commission: $20 per $1M traded
- Best For: Scalpers & high-volume traders
4. Prime Account
- Minimum Deposit: $5,000
- Ultra-tight spreads
- Commission: $10 per $1M traded
- For: Professional traders
5. R StocksTrader Account
- Trade stocks & ETFs with low fees
- Minimum Deposit: $100
- Leverage: Up to 1:5
Trading Platforms
RoboForex supports multiple trading platforms:
- MetaTrader 4 (MT4) – Best for Forex traders
- MetaTrader 5 (MT5) – Advanced trading tools
- cTrader – Great for ECN trading
- R StocksTrader – For stock & ETF traders
- WebTerminal & Mobile Apps – Trade on the go
Fees & Spreads
RoboForex offers competitive spreads:
- ECN Accounts: From 0 pips + commission
- Standard Accounts: From 1.3 pips (no commission)
- Swap-Free Accounts: Available for Muslim traders
Overnight fees (swaps) apply but can be reduced with an Islamic account.
Deposits & Withdrawals
RoboForex supports multiple payment methods:
- Bank Transfers
- Credit/Debit Cards (Visa, Mastercard)
- E-wallets (Skrill, Neteller, Perfect Money)
- Cryptocurrencies (BTC, USDT, etc.)
✅ No deposit fees
✅ Fast withdrawals (within 1-3 business days)
Pros & Cons of RoboForex
👍 Pros
✔ Low minimum deposit ($10)
✔ High leverage (up to 1:2000)
✔ Multiple account types
✔ Fast order execution
✔ Free VPS for active traders
✔ Copy trading & PAMM accounts
👎 Cons
❌ Not regulated by top-tier authorities (FCA, ASIC)
❌ Inactivity fee after 6 months
❌ Limited stock selection compared to some competitors
Is RoboForex Safe & Legit?
RoboForex is regulated by:
- IFSC (Belize) – For international clients
- CySEC (Cyprus) – For EU traders
While it’s not under FCA or ASIC, it still follows strict financial guidelines. Client funds are kept in segregated accounts, adding an extra layer of security.
Final Verdict: Is RoboForex Worth It?
RoboForex is a solid choice for traders looking for low spreads, high leverage, and multiple trading platforms. It’s especially good for beginners and scalpers, but professional traders may prefer brokers with stricter regulations.
Who Should Use RoboForex?
✔ Beginners (Cent accounts with $10 deposits)
✔ Scalpers & day traders (ECN accounts with 0 spreads)
✔ Copy traders & PAMM investors
Who Should Avoid RoboForex?
✖ Traders needing FCA/ASIC regulation
✖ Long-term stock investors (limited stock selection)
Conclusion
In this RoboForex review, we’ve covered its features, fees, account types, and safety measures. Overall, RoboForex is a reliable broker with strong trading conditions, making it a good option for many traders.
👉 Open a RoboForex Account Today and Start Trading!
Disclaimer: Trading Forex and CFDs carries risk. Only invest what you can afford to lose. This review is for informational purposes and not financial advice.
