RoboForex Review 2024: Read Before You Trade
Recommended for forex traders looking for low fees and a chance to use the MetaTrader 4 platform. Yes, RoboForex provides a copy trading platform called CopyFX, where traders may replicate the trades of successful traders and profit from their knowledge. RoboForex’s dedication to security, regulatory compliance, and customer money segregation ensures a safe and secure trading environment. This service allows traders access to their accounts while granting them the convenience of transacting in an array of financial instruments via smartphones or tablets.
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RoboForex is an established broker, with 15+ years in the industry and 40+ industry awards. It also maintains segregated accounts, distinct from the company’s own funds, adding a layer of protection for clients’ investments. RoboForex provides a wide variety of written and video research materials, offering a 360-degree overview of xcritical market developments. These include daily market breakdowns explaining how and why the market behaves a certain way, trading signals outlining viable trading opportunities, and more. Except for the R StocksTrader account, which features more than 12,000 shares and share CFDs, RoboForex’s instruments offering is narrow and lacking diversity.
- A notable advantage of RoboForex is its innovative liquidity aggregation technology.
- This allows traders to explore and test the features of each account before deciding to fund a live account of that type.
- This real-time alerting tool ensures that traders remain abreast of market shifts, imminent opportunities, or any pivotal changes in their account.
- Yes, RoboForex provides demo accounts, allowing traders to test their trading techniques and get acquainted with the platform before registering an account.
Trading Fees
If you have experience trading with RoboForex please share your personal review of the broker and what you think are strong and weak xcritical cheating points. If you have traded with RoboForex we would really like to know about your experience – please submit your own review. Compare the markets and instruments offered by RoboForex and its competitors. Please note, some markets may only be available via CFDs or other derivatives. I’ve been impressed with the range of research tools available at RoboForex, which help me to formulate strategies and make informed trading decisions. Helpfully, investments in stocks and ETFs are exempt from commission charges, enhancing cost-effectiveness.
RoboForex offers R StocksTrader, a specialized platform tailored to stock trading. Through this solution, traders can access an array of equities sourced from global exchanges while leveraging real-time market data and robust charting tools alongside order management capabilities. With advanced charting features, automated trading options, and an exhaustive technical indicator library, traders stand to gain profitable returns from utilizing this comprehensive platform. Additional support is provided through various order types that complement real-time market data, thus empowering informed decision-making when managing trades on MT4’s highly responsive system.
Maximum Leverage By Asset Class
Known for competitive spreads and no hidden charges, the trading fees remain transparent and competitive, especially in the Pro accounts which exhibit lower spreads. RoboForex offers four bonuses, a $30 no deposit bonus, a VIP program, and free trading contests. The 60% Profit Share, the 120% Classic, and the $30 Welcome offers apply only to the ProCent and Pro accounts.
It employs various security measures, including SSL encryption and negative balance protection, to safeguard client funds. With a minimum deposit requirement as low as 10 USD/EUR for most accounts, RoboForex ensures accessibility to traders of all levels. The R StocksTrader account stands out, requiring a slightly higher initial deposit of 100 USD/EUR but still maintaining a competitive edge. I measured RoboForex’s average execution speed at around 45 milliseconds, ranking it among the fastest brokers. The broker also provides free VPS hosting and several educational materials explaining how to implement various scalping strategies. The one minor problem is that the MetaTrader 4 and 5 platforms do not have a timeframe lower than 1 minute.
Also don’t expect a fast response from customer support, as live chat is really slow. Additionally, RoboForex offers educational resources and a demo account option, allowing new xcritical website traders to practice and learn the ropes of trading without risking real money. RoboForex is a credible online broker offering a range of assets on secure platforms.