RoboForex Review

RoboForex Review

Min deposit: $10


Company Name
2118 Guava Street, Belama Phase 1, Belize City, Belize

Financial Services Commission (IFSC) in Belize, the Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Authority (FSA) in Seychelles.

US Traders Accepted
Bonus Type
$30 welcome deposit bonus
Deposit Options
$30 welcome deposit bonus
Trading Platform
MT4, MT5, cTrader
Minimum Trade
0.01 lots
Trading Instruments
$30 welcome deposit bonus
Online Since
Customer Support Types
Email, office, phone, web form
中文简体, Melayu, 中文繁體, ภาษาไทย,Português, Español, اللغة العربية,Deutsch,Tiếng Việt
Demo Account
  • Regulated by multiple reputable regulatory bodies, including the IFSC and CySEC, which adds to the broker’s credibility and trustworthiness.
  • Offers a wide range of trading instruments, including forex, commodities, indices, stocks, and cryptocurrencies, which can provide traders with more trading opportunities.
  • Provides access to multiple trading platforms, including MT4, MT5, and cTrader, which are user-friendly, feature-rich, and available on desktop, web, and mobile devices.
  • Offers competitive trading conditions, such as low spreads, flexible leverage, and no requotes.
  • Provides a variety of account types to suit different trader needs, including standard, cent, ECN, and Prime accounts.
  • Provides access to a range of educational resources, including webinars, seminars, and video tutorials, as well as a demo account for practicing trading skills.
  • Offers multiple payment methods for deposits and withdrawals, including electronic payment systems and cryptocurrencies.
  • Some account types have high minimum deposit requirements, which may be a barrier for some traders.
  • Charges commissions on some account types, which can add to the cost of trading.
  • Limited customer support options outside of live chat, phone, and email, with no support available via social media.
  • Withdrawals may take longer than expected due to the broker’s security measures and processing times.


RoboForex is a popular global online broker that offers a diverse range of trading services in multiple financial instruments. The company was established in 2009 and has since grown to serve clients from over 170 countries worldwide. RoboForex provides traders with a choice of trading platforms, including the widely used MetaTrader 4 and MetaTrader 5, as well as its proprietary R Trader platform.

Company Details

RoboForex is a global online broker that was founded in 2009. The company is headquartered in Belize City, Belize, and operates in multiple countries worldwide, with a focus on serving clients from Europe, Asia, and the Middle East. RoboForex is regulated by the International Financial Services Commission of Belize (IFSC) and the Cyprus Securities and Exchange Commission (CySEC). The broker offers a range of trading services in various financial instruments, including currencies, stocks, commodities, and cryptocurrencies.

Clients can choose from several account types, with competitive spreads, leverage up to 1:2000, and no trading commissions on some account types. RoboForex also provides a range of educational resources, including webinars, trading guides, and a knowledge base to help traders improve their skills.

Trading Platforms

RoboForex offers multiple trading platforms to its clients, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as its proprietary R Trader platform.

MetaTrader 4

MT4 is a widely used platform that provides traders with a user-friendly interface, advanced charting tools, and a range of technical analysis indicators. It also supports automated trading through the use of Expert Advisors (EAs).

MetaTrader 5

MT5 is a more advanced version of MT4 and offers additional features such as more advanced charting capabilities and a wider range of order types. MT5 also provides a built-in economic calendar and more advanced analytical tools.


For experienced clients looking for an alternative to MetaTrader, the cTrader terminal is a sensible option. Users can access rare types of orders, Level II pricing, plus 54 technical indicators on 14 timeframes and 9 types of charts. You can also create trading robots and indicators using cTrader Automate.

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

R StocksTrader

R Trader is RoboForex's proprietary platform and offers a user-friendly interface with advanced charting tools and a range of trading tools. It also provides access to multiple markets and asset classes, including stocks, indices, commodities, and cryptocurrencies.


The CopyFX platform delivers copy trading for Roboforex customers.

Traders can find profitable traders, based on trading history, assess performance and set up alerts or signals. When copied traders open or close trades, followers have 100% flexibility on whether to copy the trade immediately or not.

The tool has proved very popular, with the CopyFX Profibot system the most researched.

As with other leading copy trading options, such as eToro, the key is depth of copy fx traders to follow. Without a large bank of traders, those looking to copy will find limited choices. Thankfully CopyFX have a huge number of active traders, and more are joining all the time.


Trading instrument

RoboForex offers a wide range of trading instruments across multiple markets, including:
  1. Currencies: Over 40 currency pairs, including majors, minors, and exotic pairs.
  2. Stocks: Over 11,000 stocks from exchanges worldwide, including NYSE, NASDAQ, LSE, and more.
  3. Commodities: Trade popular commodities such as gold, silver, crude oil, natural gas, and others.
  4. Cryptocurrencies: Trade popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and others.
  5. Indices: Over 10 indices from exchanges worldwide, including S&P 500, NASDAQ, Dow Jones, and more.
  6. ETFs: Over 140 ETFs from exchanges worldwide.

RoboForex clients can access these markets through a range of trading platforms, including MetaTrader 4, MetaTrader 5, and R Trader, and can choose from several account types, each tailored to meet different trading needs. With competitive spreads, high leverage, and a range of trading instruments, RoboForex is a popular choice for traders looking to diversify their portfolios.

Account Spreads & Commission

RoboForex offers several account types with varying commissions, spreads, and trading conditions.

For some account types, RoboForex charges no commissions on trades and instead makes money through the spread, which is the difference between the bid and ask prices of an instrument. Spreads start from as low as 0 pips on some account types, such as the Pro-Cent and Pro-Standard accounts.

Other account types, such as the ECN and Prime accounts, charge a commission per lot traded in addition to the spread. The commission starts from $20 per lot for the ECN account and $2 per lot for the Prime account.

RoboForex also offers a “Zero Spread” account type that charges a fixed commission per trade instead of a spread. The commission starts from $20 per lot for major currency pairs and $25 per lot for metals and cryptocurrencies.

Other account types, such as the ECN and Prime accounts, offer raw spreads with a small commission per lot traded. The spreads on these account types start from 0 pips on major currency pairs and can be as low as 0.01 pips on other currency pairs and commodities.


Leverage allows traders to control a larger position size than the amount of capital they have in their account, which can magnify potential gains or losses. However, it is important to use leverage responsibly, as high leverage also increases the risk of significant losses.

RoboForex offers a range of account types with varying leverage options to suit different trading strategies and risk preferences. For example, the Pro-Cent and Pro-Standard accounts offer leverage of up to 1:2000, while the ECN and Prime accounts offer leverage of up to 1:500.

Mobile Apps

For mobile traders, RoboForex offers smartphone apps for all their trading terminals (MT4, MT5, cTrader, and R StocksTrader):

  • MetaTrader – MT4 and MT5 users enjoy the same technical features as desktop apps, including customisable charting tools, full trading history, and access to trading robots. The same members client login area is available on mobile platforms.
  • cTrader – cTrader offers handy features including pinch-to-zoom, fling scrolling, and double-tap action to recentre charts, as well as in-app notifications.
  • R StocksTrader – R StocksTrader (formerly R Trader) is also fully-featured and offers an all-in-one solution, with secure in-app account deposits and bonus management. The app offers 14 trading indicators, plus live charts and quotes, and additional mobile-friendly features.

All platforms are available in 22 languages for both iPhone and Android (APK) users. Overall, users will find the most positive online reviews for the MT4 and MT5 mobile apps.

Payment Methods


RoboForex offers a variety of payment methods for depositing and withdrawing funds, including:

  1. Bank wire transfer
  2. Credit/debit cards (Visa/Mastercard)
  3. Electronic payment systems (Skrill, Neteller, WebMoney, Perfect Money, FasaPay)
  4. Cryptocurrencies (Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, EOS)

The availability of payment methods may vary depending on the trader's country of residence. Deposits and withdrawals are processed promptly, usually within a few hours, and there are no fees charged by RoboForex for depositing or withdrawing funds.

Traders should note that their chosen payment method may have fees associated with it by the payment provider, and they should check with their provider for details on any potential fees or charges.


RoboForex offers a streamlined process for withdrawing funds from a trading account. To make a withdrawal, traders can log in to their account and navigate to the “Withdrawal Funds” section. From there, they can select their preferred withdrawal method and follow the prompts to complete the withdrawal request.

Withdrawals can be made using a variety of payment methods, including bank wire transfer, credit/debit cards, electronic payment systems, and cryptocurrencies. The availability of payment methods may vary depending on the trader's country of residence.

RoboForex does not charge any fees for withdrawals, although traders should note that their chosen payment method may have fees associated with it by the payment provider.

Demo Account

RoboForex offers a demo account option for traders who want to practice trading strategies and test the platform without risking real money. The demo account simulates live trading conditions with virtual funds, allowing traders to experience the platform and test their trading skills in a risk-free environment.

The demo account is free and can be used for an unlimited time period. Traders can use the demo account to try out different trading strategies, test the platform's features and functionality, and familiarize themselves with the trading environment.

The demo account mirrors the real trading account conditions, including the ability to access a wide range of trading instruments and use the same trading tools and features as on the live platform.

Traders can switch between the demo account and live account at any time, and they can open multiple demo accounts if they want to test different strategies or trading instruments. The demo account is a valuable resource for traders of all levels to improve their trading skills and gain confidence before trading with real funds.


Pro-Cent and Pro-Standard new account users receive a welcome bonus of 30 USD after depositing a minimum of 10 USD via bank card.

Cent and Standard users can also benefit from the 60% Profit Share Bonus, as well as up to 120% on deposits by claiming the Classic Bonus.

The broker also offers other promotions, including up to a 10% bonus credit on account balances, cashback rebates based on trading volume, daily competition opportunities with ContestFX and a free VPS server.

Full bonus withdrawal terms and conditions can be found on the broker’s website.

RoboForex currently does not offer any no deposit bonus (NDB) deals in 2022 but has previously offered weekly demo contests, so traders should check the website for upcoming promotions.


Additional Features

RoboForex’s educational suite contains many useful resources for both casual traders and professional investors, including how-to guides, on-demand videos, forex analysis, plus a helpful community forum, blog and economic calendar.


The most notable feature is the RoboForex Analytics centre, a free subscription to analytical data and trading instruments from within one window. Available in 13 languages, and offering an interactive data layout, users can gain access to signals, videos, calendars, and tools for traders.


RoboForex offers 5 live account types: Prime, ECN, R StocksTrader, Pro-Cent, and Pro-Standard. The minimum deposit is 10 USD/EUR for all accounts, except the R StocksTrader account, which requires a 100 USD deposit. These are refreshingly low minimum deposits compared to others, such as HotForex, Tickmill and Exness.

The ECN and Prime accounts are ideal for professional traders looking for spreads from zero pips, whilst the R StocksTrader account supports multi-asset stock trading. Pro-Cent and Pro-Standard accounts are designed for beginners and casual traders.

This review found that the main differences between the accounts are the minimum margin requirements, leverage limits, margin call/stop-out levels, and access to bonuses. All bonuses are available with the Pro accounts, whilst no bonuses are available with the R StocksTrader account.

Islamic swap-free accounts are also available, as well as investment solutions using CopyFX and RAMM platforms, supporting investment in both short-term and long-term trading strategies respectively.

You can open a real-money trading account from the RoboForex homepage and start trading in live markets.


Reasons to open a RoboForex account include:

  • Bonuses offered
  • Decent range of assets
  • 4 live trading platforms
  • Commission-free trading
  • Stock trading via traditional stock trading, or CFD derivative trading
  • Copytrade investment platforms like CopyFX


The only major drawback for registering with RoboForex is:

  • US clients not accepted

Trading Hours

Forex can be traded 24 hours a day, 5 days a week, however specific active trading sessions depend on the time zone. All times below are in UTC+2 (Eastern European Time, EET).

  • Japan & Singapore – 02:00 – 10:00
  • Hong Kong – 03:00 – 11:00
  • Frankfurt – 08:00 – 16:00
  • London – 09:00 – 17:00
  • New York – 15:00 – 23:00
  • Chicago – 16:00 – 24:00
  • New Zealand & Sydney – 22:00 – 06:00

RoboForex also posts useful trading schedule changes for national holidays.

Customer Support

RoboForex offers multilingual support in over 12 languages including English, Malaysian, Indonesian, Arabic, and Spanish. Help is available 24 hours a day, 7 days a week via:

  • Email –
  • Telephone number – +65 3158 8389
  • Online callback form – Contact Us page
  • Live chat, Telegram, Facebook Messenger, Skype, Whatsapp, and Viber – logos located in the bottom right-hand corner of the website

The customer support team can help with most queries, from how to delete an account and user verification to clarification on ECN commissions per lot and how to reset your investor password.

The head office address is 2118 Guava Street, Belama Phase 1, Belize City, Belize.


All RoboForex platforms use SSL encrypted security systems as well as dual-factor authentication protocols. Withdrawals and transfers can also be protected via an SMS confirmation code with each transaction. For their bonus programmes, the broker also has anti-fraud systems in place to protect against repeated transfers of funds.


Final thought

In summary, RoboForex is a reputable and well-regulated forex and CFD broker that offers a range of trading instruments, competitive trading conditions, and a variety of account types to suit different trader needs. The broker's trading platform is user-friendly, feature-rich, and available on multiple devices, including desktop, web, and mobile. RoboForex provides traders with access to a range of educational resources, including webinars, seminars, and video tutorials, as well as a demo account for practicing trading skills. Overall, RoboForex is a solid choice for traders looking for a reliable broker with a comprehensive offering of trading instruments and competitive trading conditions.


  1. Does RoboForex offer a demo account? Yes, RoboForex offers a demo account for traders to practice trading strategies and test the platform without risking real money.
  2. What are the fees and commissions charged by RoboForex? RoboForex charges competitive fees and commissions. With spreads starting from 0 pips and commissions starting from $2 per lot traded, depending on the account type and trading instrument.
  3. Does RoboForex offer any educational resources? Yes, RoboForex provides traders with access to a range of educational resources, including webinars, seminars, and video tutorials, as well as a demo account for practicing trading skills.
  4. Is customer support available at RoboForex? Yes, RoboForex provides 24/7 customer support in multiple languages via phone, email, live chat, and social media channels.
Before starting to trade, never invest too much money in one trade and always follow the rules of risk management. Focus on long-term profits instead of short-term trading. To make the right decisions, always follow financial news and events. It is necessary to create a clear trading plan and strategy and stick to it. Use technical analysis tools to support decision making. Focus on the difference between return and risk instead of just focusing on profit. Avoid emotional pressure when trading and stay relaxed and patient. In addition, learn and constantly improve your skills and knowledge of Forex trading to achieve success in the field. The above notes will help you get the best results when participating in forex trading and ensure that you minimize your risks and maximize your profits.