Forex Broker Comparison

RoboForex experiencesRoboForex experiences

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Most trusted Broker latest message 06.06.2022:
RoboForex was endorsed by 2 well-known magazines to the "Most Trusted Broker" and to the"Most Transparent Broker".

Forex broker RoboForex

Forex broker RoboForex was founded in 2009, the main office is located in Cyprus. Roboforex belongs to Robo Forex Group Holding. The broker was initially only represented in Asia, but has been available in Germany for several years. RoboForex has received many awards. You can open an account from as little as €10. There are no account opening fees or account maintenance fees. 2 withdrawals per month are free of charge. There are 4 different account models (Robo.Pro, Robo.Cent, Robo.ECN, Robo.Prime). With Robo.Pro and Robo.ECN you can trade from 0.01 lots, with Robo.Cent from 0.1 lots. Several platforms are available for trading: Metatrader 4, Metatrader 5, cTrader, R Trader. The Metatrader 4 is the most commonly used and has proven itself as a trading platform for many years. The Metatrader 5 is also a powerful trading platform that shines with modern technology and many useful functions. The cTrader was developed for professional use. Orders are processed very quickly. The mobile version is also very powerful and offers many useful functions. The R Trader has a very clear and simple structure. All financial markets can be accessed via a web terminal.
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You can trade over 40 currency pairs with the spread starting from as little as 0.0 pips. Indices can also be traded from a spread of 0.0 pips and without margin. One can do more than 9,400 Trade CFDs on shares. Cryptocurrencies are also offered. CFDs can be traded on 26 cryptocurrencies. Cryptocurrency leverage goes up to 1:50 and trading is around the clock possible 7 days a week. Customer service is available in 10 different languages. Customer service is also available around the clock and can be reached by phone, email, Whatsapp or be contacted via live chat. The RoboForex website is very clearly laid out and you will find numerous training documents, analyzes or webinars.

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Demo Konto

After registering for the demo account, you can log into the web interface and make all the necessary settings. It can be a live account, a demo account, or a CopyFX Trader account be created. The trading platform can then be selected (MT4, MT5, cTrader, R Trader). Metatrader 4 or Metatrader 5 can be downloaded directly. There are versions for almost all end devices. Multiple demo accounts can be created. The cent account cannot be created as a demo version. It is but very easy to create a cent account or real money account via the web interface. With the Pro-Cent account you can trade from as little as €10 without being stopped out. You can also find useful training videos. Unfortunately, there are no webinars at the moment.

Payment methods

At RoboForex you have a few deposit options. A special feature is that Perfect Money is also accepted. In our test, we used Perfect Money several times paid into the cent account. You can deposit from a limit of $5 and the amount is available after a few seconds.

Accepted payment systems

  • bank wire
  • WebMoney
  • Perfect Money
  • AdvCash
  • Visa/MasterCard (Connectum)
  • Visa/MasterCard ‎(CardPay)‎
  • Visa/MasterCard (Walleto)
Perfect MoneyWebmoney Mastercard.png Visa

Trading platforms

There are many trading platforms to choose from at RoboForex:

  • Metatrader 4
  • Metatrader 5
  • cTrader
  • R Trader

Metatrader 4Metatrader 5

Account types at RoboForex

Pro-Standard

The standard account is often used because it is suitable for beginners and professionals. The minimum deposit is €10. Forex pairs, commodities, CFDs and cryptocurrencies can be traded. The variable spread starts from 1.3, with a maximum leverage of 1:2000. Minimum volume starts from 0.01 lots.

ECN-Pro

This account is more suitable for the professional trader. Here, too, the minimum deposit is €10. The variable spread starts from 0.0 pips with a maximum leverage of 1:300. Both Trading platforms can be chosen between Metatrader 4, Metatrader 5, cTrader or Webtrader.

Prime account

The trader should also be experienced with the Prime account. The minimum deposit is $5,000. Spreads start from 0.0, pips with a maximum leverage of 1:100. The minimum order volume is 0.01 lots and the Metatrader 4 or the Webtrader is offered as a trading platform.

Pro-Cent account

You can open a Pro-Cent account from €10 and it is very well suited for testing new strategies with little effort. The variable spread starts at 1.3 with a maximum leverage of 1:2,000. The minimum order volume is 0.1 lots. As a platform you can choose between MT4, MT5 and the Webtrader.

Demo account

Of course, you can also open a demo account at RoboForex. Registration is quick and uncomplicated. There are 2 variants for the demo account: Demo Pro or Demo.

Account test | the MT5 ProCent account

The advantage of the MT5 ProCent account is that a minimum deposit of €10 is enough and the amount you deposit is converted into cents. If you e.g. If you deposit €10, this corresponds to a credit of $1,000 on the cent account. As a result, new strategies can be tested very well with little money. In our test we have selected the Metatrader 5 as the trading platform. We leave the hedging system switched on and the USD is chosen as the base currency. You can also adjust the lever – here 1:100 was chosen. In our example, $20 was deposited using the payment system Perfect Money. The amount was immediately available in the account. You can still between choose simple deposit and bonus deposit. We chose the bonus deposit with 120% and thus $44 was available on the trading account. what it with this bonus is all about, we still have to clarify. RoboForex accepts many deposit options: bank transfer, credit card (Visa), WebMoney, Perfect Money, AdvCash and AstroPay. After opening the account, you will receive an email with all the necessary data. Then you can download the Metatrader 5 and after Once you have entered your account details, you can start trading. Here are the most important currency pairs and cryptocurrencies that can be traded with the MT5 ProCent Account can trade:
  • EUR/USD
  • USD/CHF
  • GBP/USD
  • BTC/EUR
  • BTC/USD
  • LTC/USD
  • ETH/EUR

BitcoinLitecoinEthereum

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The most important spreads

  • Account Robo.Pro:    EUR/USD: 1,4 | GBP/USD: 2,0 | USD/JPY: 2,0
  • Account Robo.Cent:  EUR/USD: 1,4 | GBP/USD: 2,0 | USD/JPY: 2,0
  • Account Robo.ECN:  EUR/USD: 0,1 | GBP/USD: 0,7 | USD/JPY: 0,4
  • Account Robo.Prime: EUR/USD: 0,1 | GBP/USD: 0,7 | USD/JPY: 0,4

Regulationg

RoboForex Ltd has its own broker license and is regulated by the IFSC Belize (International Financial Services Commission Belize).

Obligation to make additional payments

At RoboForex there is no obligation to make additional payments. The account balance can therefore not go into the red.

website

RoboForex website

RoboForex advanatges

  • account opening from 10€ account opening from 10€
  • free demo account free demo account
  • 24/7/365 support 24/7/365 support
  • low spreads low spreads
  • fast account opening fast account opening
  • cent account for testing new strategies cent account for testing new strategies
  • many trading platforms many trading platforms
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RoboForex experiences and reviews

➔ togehter: 100% RoboForex reviews
review from: Admin date: 28.07.2021
  • customer support: 100% RoboForex customer support
  • fees: 100% RoboForex fees
  • tradingplatform: 100% RoboForex tradingplatform
  • minimum depsit: 100% RoboForex minimum deposit
Bewertung I actually came across the broker RoboForex by accident. I wanted to program an ExpertAdvisor for Metatrader5. Then I opened a cent account with the Metatrader5 at RoboForex. With the cent account you can really test super strategies without really betting a lot of money. I also think demo accounts are important, but sometimes I have the feeling that the course is different when you trade with real money. Also consider I'm more thorough about whether I should really open an order when it's real money. I find it very convenient that RoboForex accepts Perfect Money. With Perfect Money you can deposit as little as $5 into a cent account. I've been trading with the Metatrader5 for several months now and have had many Expert Advisors tested. Everything is going great at RoboForex and I am really very satisfied with this broker.

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