roboforexcn com Reviews Read Customer Service Reviews of roboforexcn.com

Although RoboForex does not hold a license from a top-tier regulatory body, such as FCA, ASIC, or CySEC, it still has good regulatory oversight and provides a safe trading environment. The broker also impresses with its comprehensive educational and research materials, as well as with its enhanced social and copy trading environment. However, RoboForex also charges high spreads on instruments from some asset classes on its Pro account.

As a trader who prioritizes flexible chart scaling, I find MT5’s charting capability too rigid and less effective. Even newbie traders can quickly learn where the charts, account info, and watch lists are. The one thing that makes the platform somewhat difficult to use are its cumbersome charts. Some regulators mandate compliance with the strictest financial frameworks, while others are less rigid. That is why traders must familiarize themselves with the safety mechanisms ensured by the entity they want to open an account. RoboForex stands out with its adherence to client safety and remarkably low DAX40 spread on the Pro account.

I always recommend that traders check them before evaluating the total trading costs. RoboForex offers a positive swap on EUR/USD short positions, meaning traders get paid money. RoboForex emerges as one of the largest brokerage platforms, easy to use and replete with features both for website and mobile trading that are sure to pique the interest of both novice and experienced traders. XTB has a wide range of resources on its website, which is well-detailed and full of the necessary information to catch up on. Details such as how to get started as a trader and a total walk-through for novice traders and a demo trading account where users can test the features of the site risk-free before depositing.

RoboForex pays between 2.5% to 10% on the account balance if traders reach minimum volume requirements. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade.

1. RoboForex pays attention to the fund protection of its clients, keeping them separate from the Company’s funds, thereby guaranteeing that they are protected from unlawful use.
2. However, the two brands should not be confused for a couple of important reasons.
3. We do not present any investment advice or guarantees for the accuracy and reliability of the information.
4. Our reviews are unique in that they do not have any bias for or against any broker and are driven purely on the underlying data we compile from live account testing, regulatory data, and opinions from customers.

RoboForex Deposits and Withdrawals

1. Algo traders can use Expert Advisors (EAs) on the MetaTrader 4&5 platforms in order to automate their systems.
2. The account opening process is fully digital and fast – most traders will have an account open within one day.
3. Public information provided at belizefsc.org.bz is managed by the FSC.
4. While the bonus is active, you cannot touch your initial deposit until you either meet the trading volume criteria or cancel the bonus.
5. This bonus type is slightly complicated so check the terms and conditions carefully (which you should always do anyway).

Otherwise, the Islamic account is identical to its live counterparts. Low spreads are offered for stock CFDs trading from 0.03 on Apple stocks. Indices require 4 USD commission per million dollar traded which is very low.

Are RoboForex promotions legit?

Comparing RoboForex with other notables like IC Market reflects the company’s trustworthiness. Like every other broker out there, it’s certain you’ll see both positive reviews as well as negative reviews; hence, make sure to carefully scrutinize when doing your research. To maintain an edge regardless of the market conditions, keep track of your trading history. A series of stages exist before becoming an affiliate; first, you’ll register as a partner and receive a referral link.

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Together with its history and excellent regulatory track record, RoboForex ranks among the safest brokers. RoboForex also deploys its proprietary copy trading platform, is home to the best pricing environment, and grants industry-leading traders protection. Beginner traders get quality research but little education, while RoboForex maintains a generous bonus and reward program.

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Lastly, High Leverage and well-established copy trading platform (CopyFX) of RoboForex with favorable educational resources make it suitable for new traders. The biggest drawbacks at RoboForex include a general lack of educational content and scarce research resources outside of Trading Central and Acuity Trading. RoboForex is considered a suitable broker for beginners due a number of features. Yet, the education we mark rather basic and good for traders who already have ssome trading experience.

RoboForex protects https://traderoom.info/what-to-expect-from-roboforex-broker/ its clients’ funds from negative balances and has segregated bank accounts to secure their money. The broker is regulated and guarantees the security of clients’ funds, so it can be considered a safe choice to trade with. On the flip side, the trading fees may vary depending on the platform used and the account type, which might seem comlex. However, the company’s website contains detailed information on its conditions, enabling the analysis on your own.

RoboForex is a Belize-based financial derivatives broker established in 2009. Based on our research, we have assigned the following ratings to Roboforex. Besides being regulated by the IFSC, RoboForex participates in regulation by being a member of the Financial Commission, which is an independent self-regulatory organization. Traders can use the commission as an external dispute resolution (EDR) body and take measures against member brokers by arbitration. While RoboForex is located in an offshore location, it still avoids clients from certain jurisdictions, including the United States, Australia, Canada, and Japan. If you happen to have residency in one of these major economies, it is best that you look for regulated brokers who comply with local laws and reporting requirements.

I recommend beginners seek in-depth education from third-party providers, start with trading psychology, and avoid paid-for courses before funding a trading account with RoboForex. This means that you can demand the withdrawal of funds from your deposit almost at any time as long as it is in accordance with the RoboForex user agreement. Although all platforms have risks, there’s a low level of risk involved in trading with Roboforex. As for the Education, we found that education is good at RoboForex, yet is not Trading Academy like some other broker offer with Trading Courses, Seminars and Webinars. So mainly Robo education is designed to enhance capabilities and provide research materials, therefore traders have access to various educational resources and polish their skills further. In addition, Broker publishes educational articles on topics ranging from technical and fundamental analysis to trading psychology and specific trading strategies.

To compare all brokers and instruments with the latest live data, visit our spread analyzer tool. Comparing true all-in cost averages across various instruments and asset classes is vital for accurate assessment. RoboForex offers competitive spreads and costs, especially in the forex market, with an average spread of 1.39 pips. When compared to other industry-leading brokers, RoboForex’s average spreads across various asset classes are in line or lower. This makes it an attractive option for traders looking for cost-effective trading solutions.