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RoboForex Review: Are they worth checking out?

RoboForex review

Are you looking for an online broker with incredible features and functionalities designed to give you an edge? Well, we think you’ll love RoboForex. This online broker allows traders to trade multiple financial instruments via their RAMM, Pro-Cent, and Pro-Standard live accounts. 

We love that traders on the RoboForex platform can access multiple trading platforms, including MT4 and MT5. Read our RoboForex review to learn everything you need to know about this online broker

RoboForex company profile

RoboForex kicked off operation in 2008 and is headquartered in Belize. Like many forex brokers, RoboForex is regulated by top financial regulators, including the Financial Services Commission. With RoboForex, traders have the opportunity to trade over 12,000 financial instruments in 8 asset classes. In addition to that, they have two renowned investment platforms and four trading platforms. 

Since the company kicked off operations over a decade ago, they have earned a good reputation for itself. They now have over 3 million active accounts since inception. 

Outside of their forex services, the company has entered into strategic partnerships with big brands like BMW M Motorsport. They have also secured sponsorship with Andrei Kulebin, word kickboxing champion. 

What we love most about RoboForex is its global presence and the excellent services they offer. From charging low trading fees to providing copy trading services, RoboForex is giving many brokers a run for their money. 

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78% of retail investor accounts lose money trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.







Trading forex or CFDs on margin involves a high degree of risk and may not be suitable for all investors. There is a possibility that you may suffer a loss equal to or greater than your entire investment.







CFDs are complex instruments and involve a high risk of losing money quickly because of the leverage effect. 68% of retail investor accounts lose money trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Trading Platforms

RoboForex support multiple trading platforms. Read on as we take you through all available trading platforms on the RoboForex platform:

MetaTrader 4

MetaTrader 4 is one of the most popular trading platforms out there, and we are excited to learn that RoboForex supports it. MT4 features all of the brilliant functionalities and tools every trader would need to execute technical and fundamental analysis. From providing access to 50 indicators for technical analysis to supporting three order execution types and essential graphical tools, MT4 has everything you need for successful trading. RoboForex traders using MT4 can also program their own trading bot using StrategyQuant. By doing this, traders will take advantage of the one-click trading to execute their traders.

The exciting thing about MT4 is that it is insanely easy to use and is available for web, desktop, and mobile devices. 

MetaTrader 5

Like MT4, MT5 is a popular trading platform supporting the RoboForex trading platform. It comes with cutting-edge features designed to make trading exciting and seamless. For advanced trading, we highly recommend using the MT5 platform, and that’s because it is optimized for speed and performance. Besides providing traders access to various technical indicators, traders using the MT5 platform offered by RoboForex have access to multiple tools such as Market Depth, four order types execution, six pending order types, hedging capabilities, graphical tools, and more. 

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Like MT4, the MT5 trading platform is available for PC, web, and mobile. 


If you’re an experienced trader looking for a trading platform that is more sophisticated than MetaTrader, you’ll love what the cTrader terminal brings to the table. Traders who use the cTrader terminal have access to unique types of orders, Level II prices, multiple indicators that can be accessed in 14 timeframes, and nine types of charts. Using cTrader Automate, a unique feature on the Ctrader terminal, traders can create their own trading robots and indicators. 

The platform can be downloaded or accessed straight from a browser. The web version is ideal for MacOS PC users.

R StocksTrader

This easy-to-use proprietary trading platform spots a classic design. Unlike other trading platforms we have highlighted, the R StockTrader terminal is perfect for traders who want to invest in global markets.

With the R StockTrader terminal, traders have access to powerful trading resources, including 13 technical indicators, Level II Market Depth, 9 graphical tools, and an automated strategy tester. The only caveat with this trading platform is that it does not support netting and hedging account models.

R StocksTrader is available as a desktop application and can be accessed via the web. 

In addition to supporting CFD trading, R StockTrader allows for actual stock trading. What this means is that traders can own an asset outrightly. More so, R StockTrader provides access to Nasdaq listings. This option means traders can watch their orders being fulfilled. 

Another thing you’ll like about the R StocksTrader terminal is that traders can trade shares via CFD derivatives. With this option on the table, traders will enjoy more flexibility than they will get anywhere else. 


The CopyFX platform provides a seamless copy trading service to RoboForex traders.

The copy trading feature provided by RoboForex allows traders to copy trades executed by other professional traders.

What’s unique about this broker’s copy trading service is that users get the opportunity to look through the trades of other profitable traders, see their trading history, assess their performance over a certain period, and set up alerts and signals.

When copied traders open or close their trades, traders have the flexibility to either copy the trade immediately or not.

Since RoboForex launched its CopyFX platform, it has become insanely popular, especially among traders looking to trade the financial market without spending hours analyzing it and looking for profitable opportunities.

Like copy trading services offered by eToro, which boasts many users, CopyFX has a lot of traders providing copy trading services to other users.

Support financial instruments

Traders on the RoboForex platform can trade up to 40 currency pairs. In addition to that, they also support over 12,000 global stocks, 10 indices including popular options like Nasdaq and Dow Jones (US30), and 100 commodities including oil and ETFs.

Other supported trading instruments available on the RoboForex platform include 26 cryptocurrencies. For this option, traders have to opt for the plus crypto indices product offered by RoboForex.

Compared to other brokers on the market, RoboForex has a vast collection of instruments traders can start trading immediately.

Spreads and commission

Pricing on the RoboForex platform depends on the account type you choose. That said, spreads are fairly competitive, especially if you compare them to what is offered by FBS and FXTM. 

Trading fees for RoboForex’s Pro-Standard and Pro-Cent accounts are priced into spreads. Spreads for indices are a bit low and start from 1.75 pips. For pairs such as EURUSD, you’ll get spreads up to 1.4 pip. For Gold (XAUSD), spreads are as high as 22 pip. 

If you’re on the platform’s Prime and ECN accounts, you’ll enjoy tighter spreads, including zero pip spreads for some asset classes. 


RoboForex offers considerable leverage for all the account types they support. For Pro-Cent and Pro-standard accounts, customers can access leverage of 1:2000. Other account options like the ECN account offer leverage up to 1:500. For Prime and R StocksTrader, customers can access leverage up to 1:300.

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Additionally, RoboForex has a margin calculator on its website. Feel free to use it in case of any confusion.

Mobile apps

If you like to trade on the go using your smartphone, you’ll be happy to learn that RoboForex has dedicated mobile apps for all their trading platforms, including MT4, MT5, cTrader, and R StocksTrader.

  • MetaTrader: Like their desktop and web counterparts, MT4 and MT5 mobile apps offer the same technical features and functionalities that make trading seamless. Using the MT4 and MT5 mobile apps, traders can access a variety of technical charts, trading robots, news feeds, and more.
  • cTrader: The cTrader mobile app provides traders access to valuable features and functionalities including double tap action, pinch in to zoom, fling scrolling as well as access to important technical indicators.
  • R StockTrader: Formerly called R Trader, RoboForex R StocksTrader mobile app features similar features and functionalities you’ll find on their desktop and web interface. With the R StocksTrader mobile app, you can access 14 trading indicators, various mobile-friendly features, live charts, and quotes.

Just so you know, all trading platforms on the RoboForex platform support 22 languages. More so, these trading apps are available on Android and iOS. 

Payment Methods


RoboForex supports a variety of funding methods. More so, traders can make deposits in over nine supported currencies, including USD, GBP, EUR, and ZAR. The cool part is that traders can fund their trading accounts via international and local banks. Additionally, they support credit card payment as well as PayPal.

We would love to add at this point that all deposit methods are free. Plus, customers can fund their accounts with a minimum deposit of $10 with standard accounts. 

Unfortunately, non-EU clients can’t deposit money using cryptocurrency


Just like their deposit methods, RoboForex has 13 withdrawal methods customers can leverage depending on their jurisdiction. We love that they process withdrawals quickly, with the entire process taking only a day for funds to reflect in traders’ accounts. 

Unfortunately, unlike other brokers out there, RoboForex charges withdrawal fees. That said, the fees are small and range between 0.5% and 2.8%. Though they charge a withdrawal fee, RoboForex offers a unique Funds Withdrawal program where traders are allowed to withdraw for free twice a month. You can get more details about this on their website. 

Also, we would love to add that cryptocurrency withdrawals are available for non-EU clients. 

Demo Account

If you’re looking to sharpen your trading skills, you’ll love the demo account option provided by RoboForex. In terms of demo accounts, RoboForex offers three demo account options you can leverage for their trading platforms. This demo trading account option includes Demo Pro, Demo, and Demo R StocksTrader. 

The Demo Pro account is the most popular choice among many users. And that’s because it replicates the trading condition available on the RoboForex Standard account option. Using this demo account, you’ll be able to access leverage up to 1:2000. 


Using the various demo account options provided by the broker, traders can get some practice time to test their strategies without risking real money. 


Traders using the Pro-Cent and Standard account option provided by RoboForex get a $30 welcome bonus. This bonus is only made available after a trader makes a minimum deposit of $10 via a bank card.

Another cool thing is that Pro-Cent and Standard account users also benefit from a 60% Profit Share Bonus. By claiming Classic Bonus, customers will get up to 120% on deposit. 

RoboForex also offers other special promotions, including a 10% bonus on credit account balances and cashback rebates. Keep in mind that cashback rebates are based on trading volume. Besides offering VPS servers to traders, customers can also benefit from the daily competition opportunities made available through ContestFX. 

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If you want to learn more about the bonus withdrawal terms and conditions, please visit the broker’s website. 

On the flip side, RoboForex does not currently offer any type of deposit bonus. 


As we mentioned right from the get-go, RoboForex is regulated by the International Financial Services Commission (IFSC) of Belize under the license number 000138/210

Being an “A” category member of the Financial Commission means RoboForex LTD protects up to $20,000. 

In addition to being regulated by top-tier financial regulators, the broker holds Civil Liability insurance. This means the broker is able to provide negative balance protection.

Additional Features

RoboForex has a rich educational suite where traders have seamless access to useful resources they can use to advance their trading skills. Whether you’re new to trading or have been trading for a while, you’ll find their educational resources worth checking out. From forex analysis to how-to-guides to access on-demand videos, economic calendar, blog section, community forum, and more, RoboForex has everything you need to be successful.


RoboForex provides five live account types you can choose from. These account types include Prime, ECN, Pro-Cent, Pro-Trader, and R StocksTrader.

Except for the R StocksTrader account option, all other account type provided by RoboForex requires traders to make a minimum deposit of $10. 

For the R StocksTrader account, traders must make a minimum deposit of $100. 

Compared to what you get with other brokers, you’ll agree that RoboForex has a refreshingly low-minimum deposit. 

For professional traders looking for account types with low spreads from zero pips, you’re welcome to explore RoboForex Prime and ECN account options. On the flip side, if you want to trade multi-asset stocks, you’re welcome to try the R StocksTrader account option. 

If you’re a beginner just getting started with trading, we recommend opting for RoboForex Pro-Cent and Pro-Standard account options.

Pros and cons of RoboForex

Still looking for more compelling reasons to give RoboForex a try? Here are some pros and cons you should know:


  • RoboForex offers unique bonus and promotion
  • They offer a wide variety of trading instruments
  • They have four live trading platforms
  • Customers enjoy commission-free trading
  • Traders can trade stocks via CFD derivatives
  • They support social trading.


  • One of the drawbacks of this broker is that it doesn’t currently offer its services to traders in the U.S., and that’s because of regulatory limitations. 
  • They charge withdrawal fees. 

Customer Support

RoboForex has a brilliant customer support team that is available around the clock. More so, the broker offers support in over 12 languages, so there won’t be any language barrier when speaking with a customer service rep.

Their customer support team can be contacted via email, live chat, and phone. And yes, they are available 24 hours, seven days a week. 


RoboForex leverages top-notch security systems to protect its platform and customers from malicious actors. All their platforms are encrypted by robust SSL security. In addition to that, they also provide 2-factor authentication protocols to provide extra protection to users.

More importantly, withdrawals and transfers are protected through SMS authentication. 

Our verdict

RoboForex offers a blend of unique services that will no doubt give other brokers a run for their money. Besides supporting various financial instruments, RoboForex also supports multiple trading platforms, including MT4, cTrader, and R StocksTrader. 

In terms of regulation, RoboForex is regulated by top-tier financial regulators, making them low-risk broker. 

Their zero-spread ECN account and RAMM platform will appeal to professional traders. And yes, they also offer copy trading services via their CopyFX functionality. 

If you’re interested in a broker with everything you’re looking for, you won’t be disappointed to try RoboForex. 


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