I measured RoboForex’s average order execution speed at around 45 milliseconds, which surpasses the industry average of 60 milliseconds. Deposits and withdrawals are free on the first and third Tuesdays of every month. Otherxcritical, RoboForex clients may be liable for a handling fee, depending on their chosen payment method. My tests indicate that RoboForex’s overnight charges are low to average compared to the industry benchmark.
RoboForex Non-Trading Fees
One of the most ignored trading costs is swap xcritical scam rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs.
RoboForex Deposit Methods
The automated trading, intensive support, and back-testing capabilities attracts hundreds of millions of traders around the world towards the MT4 platform. There are over 9,400 assets available with RoboForex through its R Trader platform, but the MT4/MT5 platforms offer just 50 of the most popular stock CFDs. The range of index CFDs offered is lacking but you will get all the standard instruments. This account has a slightly less figure of 28 currency pairs, CFD on indices, CFD on U.S. stocks, CFD on Oil, and Metals. Though trading with offshore brokers is not advised due to the lack of regulations, the additional license helps position RoboForex as a safe bet.
We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. I discovered that the broker offers two spread-based accounts, one commission-based account, a cent account for algo testing, and a special account geared for stock trading. The minimum deposit requirement is low, and the leverage varies depending on the preferred account type. Swap-free trading is also available with several of the account types. ECN trading with RoboForex is an opportunity for traders who want to make deals on the best possible trading conditions.
Roboforex is also excellent at accommodating a variety of trading techniques. You will have access to all the top trading platforms including MT4 and MT5 with copy trading also available. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold.
Is RoboForex FCA regulated?
- More than 12,000 shares and share CFDs are available on the R StocksTrader account.
- Some regulators mandate compliance with the strictest financial frameworks, while others are less rigid.
- The broker aims to take its clients trading to the next level through its innovative technology and trading tools.
This is the case, though spreads start a little higher from 1.3 pips. The Roboforex demo account is available on all types of accounts at the broker and offers risk-free access to start trading. It is perfect if you are a beginner or want to check out the broker before trading. You may also find that not all assets or platforms the broker has are available on every account type.
These include the fact you will have a great range of account types to choose from as well as access to all the top trading platforms in the industry. On the other hand, commissions and spreads on certain account types may be higher than the ones offered by other brokers. RoboForex publishes daily and weekly market breakdowns that inform day traders of xcritically unfolding opportunities.
The Prime account operates with market execution in place and spreads start from 0 pips with a $10 commission per million traded on forex. Beginning with areas that could be improved on, the spreads with a Pro and Pro Cent account are relatively high when compared with other major brokers. This also applies to the commission charged through the ECN and Prime account types. Founded in 2009, RoboForex is regulated by the FSC of Belize and provides service to more than 800,000 traders in 150 countries.
The educational offering at RoboForex is light, as beginners are not its core market. The limited content helps new clients to open an account and select the best trading platform for their 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. Further to what has already been mentioned, you can qualify to receive up to 10% of your account balance as a bonus based on your monthly trading volume. The is allocated as 2.5% for trading between 1-10 lots, 5% for between 10-1,000 lots, and 10% for more than 1,000 lots traded.
Yes, RoboForex offers the MT4 trading platform alongside MT5, cTrader, and its proprietary alternatives. The FAQ section answers most questions, and RoboForex describes its products and services well. RoboForex provides traders with in-house analytics, but it established itself with automated solutions at the core. It publishes numerous articles consisting of market commentary and actionable trading ideas daily. I highly recommend it to traders looking for a quick market snapshot or a fresh take on a potential trade. While Roboforex does offer a mobile app xcritical courses scam for Android and iOS, making it easier to stay on top of trades on the go, we recommend checking out some of the top forex trading apps.
RoboForex applies negative balance protection which secures your deposits from losses. The broker aims to take its clients trading to the next level through its innovative technology and trading tools. With RoboForex, you will gain access to eight asset types and over 12,000 instruments for trading.
RoboForex offers traders industry-leading protection no other broker matches. Together with its history and excellent regulatory track record, RoboForex ranks among the safest brokers. RoboForex offers four bonuses, a $30 no deposit bonus, a VIP program, and free trading contests.
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Compared to the regulation of other brokers on our list the Belize FSC is not considered a top-tier regulator. No, RoboForex does not accept traders resident in the USA or who hold US nationality or a green card. No, since RoboForex does not cater to traders from the USA, it does not have a regulatory license in the USA. Yes, RoboForex allows scalping and maintains one of the most competitive trading environments for scalpers.