The broker provides 3 types of order execution, 50 indicators for technical analysis, graphic analysis tools, and an option of programming own trading robot. The significant differences between the web platform and the desktop version of MT4 include a much larger number of features related to automated trading with EAs. In other words, RoboForex’s MT4 desktop platform is excellent for traders who seek advanced functionality and in-depth analysis. RoboForex’s flexibility in terms of platforms, currency pairs, and a number of provided solutions is another key advantage to its positive side. The broker offers good educational materials and research tools suitable for traders of different levels.
RoboForex Deposits and Withdrawals
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Terms & conditions apply, and traders should consider them carefully. Lastly, Robo offers a robust Copy Trading service through its CopyFX platform, enabling users to benefit from the expertise of seasoned traders. With CopyFX, investors can follow and copy the trades of over 9,000 experienced traders which is an impressive number and is recommended by us to give it a try too, since is indeed good quality. The Infinity Partners Program is a new step in growing the traditional partnership model, opening up new earning opportunities for RoboForex Partners.What are the conditions? RoboForex offers a wide range of research content primarily geared towards day traders, though it’s also helpful for swing traders.
Islamic or swap-free accounts are designed to comply with Islamic law, which prohibits earning interest. These accounts do not incur swap or rollover interest on overnight positions. These accounts are available on the MetaTrader 4 and MetaTrader 5 platforms, and they offer the same trading conditions as standard accounts, minus the swap fees. Our data comes from our sophisticated spread analyzer tool, which collects live account information and syncs with our performance analytics system.
How much does RoboForex cost?
RoboForex commissions and fees summary
RoboForex requires a minimum deposit of $100 and has a spread cost of 1.3 for EUR/USD, slightly above the industry average of 1.08.
Namely, they are a Welcome Bonus of 30 USD, a Tradable Bonus of Up to 50%, and a Deposit Bonus of up to 115%. This further enhances the appeal of RoboForex’s trading platform for pretty much anyone, although, we should point out that a Forex bonus should never be the deciding factor of your broker choice. RoboForex is among the few brokers who clearly state every detail about every important aspect of their trading services. All funding methods and fees are given transparently on the broker’s website. Alongside the above-mentioned live accounts, RoboForex also offers its https://traderoom.info/what-to-expect-from-roboforex-broker/ Muslim traders a swap-free account, which entirely removes interest charges from overnight trades.
All sorts of payment methods are available including wire transfers, bank cards, online wallets, and even vouchers. This makes it super easy to deposit and withdraw funds from your trading account. A trustworthy broker can have a world of benefits for your trading sessions. It can provide you with a sturdy trading platform, as well as useful technical and fundamental indicators, charts, and various other tools that enrich the trading process. Conversely, a scam broker can easily undermine your safety and profitability in the market. For traders that trade in large volumes (more than 10 lots a month), it is better to open an account denominated in USD at a digital currency bank, especially for trading on assets such as the EUR/USD.
- You’ll find stocks, indices, CFDs on futures, ETFs, soft commodities, energies, metals, currencies.
- RoboForex offers a useful range of trading tools to help traders make better trading decisions.
- With CopyFX, investors can follow and copy the trades of over 9,000 experienced traders which is an impressive number and is recommended by us to give it a try too, since is indeed good quality.
- Trading Forex and other financial instruments involves significant risk of loss and is not suitable for every investor.
RoboForex MetaTrader 5 Desktop Platform is the newest version of the software, thus it includes an impressive number of new functions and enhanced tools, which helps to take trading to a more advanced level. Besides, this platform allows traders to work with both netting and hedging systems, and provides four execution types, enabling them to implement almost all sorts of trading strategies. The MT5 platform also includes comprehensive tools of analysis, 4 types of order execution, 6 types of pending orders, and technical indicators. Besides, the platform provides market-depth information on liquidity and order flow. Due to its functionality, MT5 is ideal for those who want to take their trading strategies to the next level. We found RoboForex’s web trading platform quite user-friendly, with a customizable interface, fast trade execution, real-time data, and access to full range of assets.
MT5 is arguably best suited for automated trading via its Expert Advisors (EAs). The platform also has an intuitive strategy tester, allowing experienced algo traders to tweak the parameters of their strategies so that they can be used under different market conditions. The terminal provides access to more than 12,000 shares and share CFDs, and I found it suitable for conducting advanced technical analysis.
More than 20 ways to deposit funds
Our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. She has a medical degree with a focus on physiotherapy and a bachelor’s in psychology. However, her interest in forex trading and her love for writing led her to switch careers. She has a passion for Forex trading and over a decade of editorial experience researching Forex and the financial services industry, producing high-quality content. She hosts a weekly podcast, “Let’s Talk Forex”, alongside Chris and has produced over 100 Forex educational videos for the FxScouts YouTube channel.
RoboForex Withdrawal Methods
- RoboForex’s office is located at 2118 Guava Street, Belama Phase 1, Belize City, Belize.
- Lastly, High Leverage and well-established copy trading platform (CopyFX) of RoboForex with favorable educational resources make it suitable for new traders.
- Lastly, Robo offers a robust Copy Trading service through its CopyFX platform, enabling users to benefit from the expertise of seasoned traders.
- We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.
- Withdrawal time is generally quick, though it can vary depending on the method.
- Besides credit and debit cards like Visa and Mastercard, they accept niche bank cards like China UnionPay as well.
With today’s review of RoboForex broker, we’ll try to determine whether you should trust this firm or stay away from them. Here, you’ll find everything from the financial license to trading platforms, spreads, fees, and payment methods, so, stick around to decide on your own. FxScouts helps traders across the globe by meticulously testing and reviewing online brokers and providing Forex education and market analysis. While partners may pay to provide offers or be featured, they cannot pay to alter our recommendations, advice, ratings, or any other content.
Lastly, they can use RoboForex’s free VPS to achieve stable connectivity and low-latency trading (average execution speeds below 5 milliseconds). This year was marked by the release of a beta version of a new web platform from RoboForex named WebTrader. The platform helped the company’s clients to get more flexible and mobile access to trading on MT4 accounts. Your eligibility for deposit bonuses at RoboForex may depend on which of the broker’s entities holds your account and/or your country of residence. Nonetheless, most offshore brokers compete in the market by being honest and providing quality services instead of focusing on the regulatory restrictions put on them by an external regulator.
What is the maximum leverage at RoboForex?
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Another great tool offered by RoboForex is its CopyFX platform with additionally offers Strategy Builder for auto trading strategies, which is also a rare feature among brokers. RoboForex is considered safe for trading through an international entity. The broker has a long history of operation with an excellent reputation. At RoboForex, there is a good range of account types, trading platforms, free exclusive trading signals, and research tools, also powerful trading capabilities suitable also for advanced traders. I assessed that RoboForex offers very competitive conditions on its Prime and ECN account types. In contrast, the spreads on the Pro and R StocksTrader account types vary from low to high compared to the industry average.
RoboForex does not offer an investor compensation scheme under its current regulatory framework with the Belize Financial Services Commission. This means that if the broker were to fail, there would be no compensation for losses incurred by investors. It is crucial for traders to consider this aspect when choosing a broker, especially those who prioritize financial security and investor protection. RoboForex offers four bonuses, a $30 no deposit bonus, a VIP program, and free trading contests.
Who is the youngest forex trader millionaire in the world?
Damilare Ogundare, also known by his trading alias ‘Habby Forex,’ is one of the youngest and wealthiest forex traders in the world. Born on March 18, 2001, Ogundare began his trading career in 2017 and made his first million at the age of 18. By 2022, his estimated net worth had reached approximately $5 million.
