RoboForex

  • Name:RoboForex
  • Website:http://www.roboforex.com/
  • Location:Egypt Hong Kong Indonesia Latvia Malaysia Moldova, Republic of New Zealand Romania Russian Federation Taiwan Thailand
  • Found in:2009
  • Regulation Authority:
Editorial Rating:
4.25
Accept US Traders:
No

RoboFX Review

About RoboFX

RoboFX is an online Forex trading platform offered by RoboForex Ltd. This company is registered in the Republic of Cypress and all regulation is overseen by the Cyprus Securities and Exchange Commission (CySEC). The company is not forthcoming with the exact year that they registered and opened for business.

RoboForex Ltd prides itself on offering a non-dealing desk environment that eliminates interference for fast, accurate deal processing. This RoboForex review will shed further insight into the online trading tools offered by this company so that you can easily compare it to other online Forex Brokers.

RoboFX Trading Specifics and Spread

This is the most important information in this roboforex.com review because it tells you the potential for completing advantageous trades on the RoboForex platform. The RoboFX trading platform offers ECN trading accounts for private clients as well as corporate accounts.

Trading is allowed in currencies as well as silver and gold. Spreads start at 0 pips for all Forex account types. The average spread for EUR/USD trades is 2 pips, and the average spread for GBP/USD trades is 3 pips. These spreads are incredibly advantageous for traders.

RoboFX Spread Info - Major Currencies

RoboFX trades are processed through a Non-Dealing Desk with up to 1:200 leverage on all account types. Keep reading other sections of this RoboForex review for more in-depth RoboForex analysis of all account types offered.

RoboForex Video Review

Check out this compact 3-minute video review of the platform, software, features and spread info at RoboFx.  As always, created independently at the FxBrokerSearch Video Studios.  

RoboFX Trading Platform Review

RoboForex utilizes the MetaTrader 4 platform. The website offers a RoboForex download option for all of the following systems:

  • PC
  • Linux
  • Mac OS
  • Android
  • iPhone/iPad

 RoboFX Platform Preview:

RoboFX Platform Preview

There is also a multi-terminal RoboForex download available for clients managing more than one account.

RoboFX Mobile Trading

You can't review RoboForex today without mentioning the availability of mobile platforms. While RoboFX doesn't currently offer a platform that is compatible with all mobile phones, platforms are available for iPhones, iPads and mobile devices operating with Android.

RoboForex Mobile Platform Preview: 

RoboFX Mobile Preview #1  RoboFX Mobile Preview #2

RoboFX Currency Information

There are more than 24 trading pairs available for all accounts offered on the RoboForex platform. The demo account operates in real time along with full trading accounts, so you get the full trading experience while testing your trading skills. Switching from a demo account to a full trading account is smooth, since there are few differences between the systems.

You can trade all currencies from one account, but there is a multi-terminal RoboForex download if you want to manage multiple accounts.

Account Types at RoboFX

This section of the RoboForex review introduces you to the three trading account types offered through roboforex.com.

 

Minimum Deposit

Average Spread

Margin Call/Stop Out

Commissions

Leverage

RetailFX Account

$200

floating

 

from 0.2 points

80%/50%

$30 per $1 million

1:200

CorporateFX Account

$25,000

floating

 

from 0.2 points

80%/50%

$25 per $1 million

1:200

BrokerFX Account

$50,000

floating

 

from 0.2 points

80%/50%

$20 per $1 million

1:200

Deposits and Withdrawals

You can use any of the following services to deposit money into your RoboFX account. Do note: Some processors charge very high fees.

  • Bank transfer (no fees)
  • Skrill (1.9% fee)
  • WebMoney (2.5% fee)
  • Moneta.ru (5.5% fee)
  • CashU (7% fee)
  • Paysafecard (9% fee)
  • AlgoCharge (3.85% fee)
  • SafeCharge (3% fee)

You can withdrawal money from your account using Skrill or electronic transfer to your bank. Electronic transfers can take up to five bank days to process but no fees are assessed. Skrill offers instant transfer of funds but requires a 1% processing fee.

Risk Disclosure: fxBrokerSearch.com will not be held liable for any financial loss or damage caused by users acting upon any information contained within this website, not limited to and including: all numerical data, quotes, charts and buy/sell signals. Moreover, please be advised that Forex trading is one of the most volatile investment forms in the world and all trades should be placed with full consideration of the risks and costs.

fxBrokerSearch.com does not support nor encourage the execution of any investments. Trading with a margin is high risk endeavour and not suitable for everyone, therefore, each investor should carefully consider all relevant trading conditions, such as experience, risk and cost, before taking part in any type of trading, including Forex.

While every effort has been made to ensure all our data is as accurate as possible, fxBrokerSearch.com cannot be held responsible for any prices that are not in line with real-time data. Indeed, the currency exchange market is constantly changing and all CFDs (stocks, indexes, futures) and Forex prices are set by market makers.

This means advertised prices may not be accurate and could differ from the actual market conditions. For this reason it is not appropriate to rely on any data presented by fxBrokerSearch.com for the purposes of trading.

Based on these conditions, fxBrokerSearch.com will not be held responsible for any losses incurred through trades conducted in light of data presented on this site.