Detailed RoboForex Review:
Roboforex is a broker company that provides its services in the CIS countries, in Europe, Australia, and Asia. It was founded in 2009 and since then it has been dynamically developing in the sector providing access to trading currency pairs, CFDs, cryptocurrency and a number of other financial assets. The company is engaged in active sponsorship and social activities. For example, it has the status of the official sponsor of the racing team on Dakar.
General information about RoboForex broker:
• Country of registration – Belize, offshore zone
• Broker regulators – IFSC, Financial Commission, CySEC
• A minimum amount of initial deposit – 1 US dollar.
The company is widely known in the world, as according to official data, the broker serves the accounts of citizens from more than 150 countries of the world. The site has been adapted to several languages, including Russian and English.
According to the independent and international organization Finacom, the broker company Roboforex has a category A in its niche.
You can open a deposit in the company in the following currency: USD, EUR, CNY, RUB, XAU, BTC, GBP. As mentioned above, the minimum deposit is only $ 1, so Roboforex is focused on cooperation with both beginner and experienced traders.
To open an account, you will need to enter basic data with subsequent verification of the person. This is a standard procedure that involves checking the entered data. In order to pass verification in your personal account, you will need to upload a passport photo with clearly indicated information about the address of residence, the name with the photo.
You can open any of the following types of accounts:
• ECN-Pro NDD
• ECN-FixSpread NDD.
As you can see, the company offers several types of accounts. Both STR and ECN accounts are available. This means that if you wish, you can trade with access to the interbank market and eliminate the influence of the broker on the execution of orders.
Let’s highlight key trading conditions:
• Number of financial instruments – currency pairs, metals, raw materials, cryptocurrency, company shares (the number of assets depends on the type of account chosen)
• Additional fees – none
• Spread size – from 1.3 points
• Spread type – floating
• Leverage – up to 1: 2000
• Minimum lot size – 0.01.
For each new user, the company offers a number of bonus charges. For small accounts, the bonus amount is $ 30, additionally, a free VPS server is provided.
If you have questions about trading conditions, you can contact the support service. It works 24 hours a day, without interruption. Communication is available via email, online chat, contact center.
How to make money with Roboforex on investment services
If you are not interested in traditional trading, you can use any investment service offered by Roboforex. In particular:
• CopyFX. The traditional earnings tool, in which the user selects a management trader, and his transactions are automatically copied to the registered client’s trading terminal. You can choose a managing trader who provides the most acceptable trading result (from the broker’s overall rating).
• RoboForex Ramm. This tool is an analog of the PAMM-investment. The only difference is that the deposit remains on the client’s account. But the user chooses a strategy, transactions for which will be copied.
Both services of the Roboforex broker are similar to each other. It is enough to spend a few minutes to register and connect the selected service to the trading terminal.
This broker is distinguished by a wide range of trading platforms available for selection for the company’s clients.
• MetaTrader 4
• R Trader (web terminal)
• cTrader (web trading platform for STR trading).
Access to all programs is carried out from mobile and computer devices.
Advantages of web platforms presented by Roboforex broker:
• Built-in indicators that allow a technical analysis of graphs.
• Ability to use scalping, hedging, and other trading strategies
• Informative, convenient order management with instant execution without delay
• High speed without failures with a convenient user interface.
Withdrawals and other features of Roboforex
The client of this company has the right to withdraw the deposit without commission only 2 times a month. If more applications are received for a specified calendar period, an additional commission is charged. In favor of the broker, you can write that there are many ways to withdraw – through a bank card or electronic wallet.