RoboForex Review 2024
rating-star
3.6/5

RoboForex Review 2024

✔Low minimum deposit amount
✔Low commissions on CFDs
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Risk Warning
77.13% of retail investor accounts lose money when trading CFDs with this provider.

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Meet Thadeus, a trading guru, brilliant writer, and financial fanatic with years of expertise in the industry. Get ready to learn from his wealth of knowledge.

Article was updated: October 18, 2024
Estimated reading time: 2 minutes

RoboForex offers an excellent range of trading software or platforms for traders. For fast, automated trading and tight competitive spreads, RoboForex is your number one broker.

Pros
  • Different account types available
  • Fast execution of orders
  • Free research tools, education programs, and videos
  • Start with a minimum deposit of $1
Cons
  • RoboForex is not available in the US or Japan

RoboForex is much more than a trading platform. It is an asset for any investor seeking a simple and effective trading partner.

Once you open up your RoboForex account, you can trade in EUR, USD, and Gold.

Following hours of trading on the site, we can affirm that the trading tools on RoboForex are easy to use. Here are the other details that we found out.

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RoboForex – Who Are They?

RoboForex was launched in 2009 and has its headquarters in Belize. It offers a wide range of trading solutions to enable traders of all skill levels to use the site efficiently. This site is easily accessible on multiple devices including PCs, and iOS mobile devices

There are more than 10,000 users and traders on RoboForex. This is because it makes forex and CFD trading simple for both individual and retail investors. Traders will also find more than 100 tradable assets on Forex and CFDs.

RoboForex has a reputation of being safe for traders. It is well regulated, and there is no manipulation of market prices. However, depending on the results of trade, losses may at times exceed the invested amount.

TypeFee
Deposit Fee$0
Withdrawal Fee$0
Inactivity FeeNo
Account TypeMinimum Deposit
ProCent, Pro, Prime, and ECN10 USD / 10 EUR or equivalent in the account currency
R StocksTrader100 USD / 100 EUR

Compare RoboForex Features With Other Brokers

Compare with other broker
General Rating
Minimum deposit
Payment & Withdraw options
Fee on Amazon
Fee on GBP/USD
Fee on Bitcoin
Fee on ETFs
Fee on Gold
Software
Licence
Demo account
Money Insurance
Stock Assets
Forex Assets
Commodities Assets
ETFs Assets
roboforex logo
Visit site
Risk Warning
77.13% of retail investor accounts lose money when trading CFDs with this provider.
Read Review
3.6rating-star
$10
Bank Transfer, Credit cards, Neteller, Skrill, Perfect Money, AstroPay, AdvCash
0.01 pips
0.7 pips
0.1 pips
From 0 pips
3.31 pips
MetaTrader 4, MetaTrader 5, StocksTrader, R Stocks, MobileTrader
FSC
Yes
Yes, up to 2,500,000 EUR
53
40+
100+
1000+
etoro logo
Visit site
{etoroCFDrisk}% of retail investor accounts lose money when trading CFDs with this provider.
4.1rating-star
$100
Debit card, Bank transfer, Neteller, Skrill, eToro Money, Online Banking
Yes (as CFD)
150 PIPs
1%
Free
0.0003 USD + (-0.000113) USD
eToro investing platform, Multi-asset platform, Copy Trader
ASIC, CySEC, FCA, FSAS
Yes
Yes (up to $250,000)
3000
52
27
300
Plus500 logo
Visit site
Risk Warning
80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Read Review
4.2rating-star
$100
Bank Wire Transfer, Credit/debit cards, Paypal, Skrill
1.01
0.00018
Not available for UK traders
Free (Additional fees may apply)
0.35
Plus500 Webtrader
FCA, CySEC, ASIC, MAS, FSA
Yes
Yes, up to £85,000
2000+ (CFDs)
60+ (CFDs)
22 (CFDs)
90+ (CFDs)
avatrade logo
Visit site
Risk Warning
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Read Review
4.5rating-star
$100 (£72)
Credit/debit cards, Wire transfer, Paypal, Skrill, NETELLER, WebMoney
Free
Free
Free
Free
Free
MT4, MT5, WebTrader, Automated Trading, Mac Trading, AvaTradeGO, AvaOptions, Mobile Trading, AvaSocial, DupliTrade, Capitalise.ai
CBI, CySEC, ASIC, BVIFSC, FSA, SAFSCA, ADGM, ISA
Yes
Yes, up to $1.000.000
600+
50+
17
Yes

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Our Opinion About RoboForex

As we explored RoboForex, several features stood out to our team of expert traders. These include research-backed analysis, the virtual portfolio, advanced financial chart comparison tools, and trailing stops.

Traders around the world can easily access RoboForex as it is available in more than 193 countries. This trading platform has won numerous awards, including Best Global Forex in 2019.

There are no fees for making a deposit. However, for withdrawals, there are fees applicable. The charges for withdrawals depend on the payment method selected. There are no inactivity fees when you take a break from trading.

Make use of the brilliant tools available like trading history. This will allow you to look back up to 1 year and build up your strategy while developing new trading ideas.

FAQs

Can RoboForex be trusted?

Yes. RoboForex is a regulated broker that has been operating in the financial markets for over 10 years. It also has received positive feedback from most users, proving it is credible and trustworthy.

How long does RoboForex withdrawal take?

Withdrawal processing time at RoboForex can vary depending on the payment method used. Overall, information on the broker’s website state that withdrawals take up to 2 business days.

Is RoboForex Legit?

Absolutely. RoboForex is a legit forex and CFD broker licensed and regulated in Belize. It has been operating since 2009 and has a good reputation among its clients.

Does RoboForex have an app?

Yes. RoboForex has a Mobile Trader app available for Android and iOS users. With the app, you can easily access your trading account and manage your positions on the go. 

What are the different accounts in RoboForex?

RoboForex offers a range of trading accounts that cater to different users’ trading styles and experience levels. These include the ProCent account, ECN account, Prime account, R Stock Trader account, and Pro account. Note that each account has its own features and benefits, and traders can choose the one that best suits their needs.

Thadeus Geodfrey logo
Thadeus Geodfrey

Is a regular dad trying to be smart about how we play and win in this big game of life. He has worked within the very best of the financial industry producing numerous training resources. He is an experienced copywriter with immense financial background. Now earns a full time living as a Trader, and as our writer.

His articles help everyday families build sustainable wealth, stop stressing about their financial security, and start living the life they’ve always wanted.
If he is not trading or writing, he is at the gym.

RoboForex Review 2024 Details

TradingGuides Rating:
✔Low minimum deposit amount ✔Low commissions on CFDs
Visit site
Risk Warning
77.13% of retail investor accounts lose money when trading CFDs with this provider.
4.0 rating-star
Customer Support
4.0 rating-star
Commissions & Fees
5.0 rating-star
Platform & Tools
4.0 rating-star
Research
4.3 Overall Rating

17 Replies to “RoboForex Review 2024”

  • MR Maxwell says:

    what is the minimum lot size at RoboForex?

  • Jo says:

    RoboForex is a top broker. I can't really say it's the best as I've only traded with one company, so don't really have anyone to compare it with. If you just look at terms, there isn't much variation among the big brokerage firms. But when it comes to reliability and transparency, my impression is that RoboForex is a trust-worthy company. I've heard some people complain that their news terminal can be a bit leggy, but I've never experienced that myself.

  • Mike says:

    With the aid of their daily prediction from their experts, predicting the market has never been easier. This is what I admire the most about RoboForex as a Forex broker: they don't benefit from losses and instead asist traders in increasing their earnings

  • Calvin says:

    Excellent broker, fast withdrawals and good rebates! Excellent customer service. They have been accommodating in keeping me up to date. They created an excellent experience for my family and me.

  • Daniel says:

    It turns out that investing from a smartphone can be very convenient. Thanks to the developers for the easy-to-manage and use app for stock trading.

  • Kira Rudik says:

    They are far the best broker I have ever worked with. I work on MT4 - the order execution is relatively fast, and the user interface is very convenient. Recommend it!

  • Loyd Lawrence says:

    I can say that this is the most convenient application! Interface, opening - closing deals. Work with the schedule. In general, I am satisfied

  • John says:

    I had experience with a few brokers but Roboforex withdrawal is much faster - it's a new generation broker. I admire their service!

  • Monika says:

    I am new to trading but I consider Roboforex a good broker. I never had any issues, and I have already made a profit, in just 2 months of trading! They provide excellent service. I like them so much!

  • Alex says:

    I have tried it for a year now and it is a great experience. I think I will continue to try it for now. Roboforex withdrawal really fast. I think its a new-generation broker.

  • Ronald says:

    I have really good experience in trading online stocks, awesome, reliable and easy to use. I like RoboForex and I would recommend it. The withdrawal system is faster than anything. The support service is also good.

  • Kassandra says:

    Would you recommend this provider?

    Fees

    Account opening

    Customer service

    Deposit and withdrawal

    After facing issues with other apps, discovering this one has brought great satisfaction. I appreciate the revolutionary impact of mobile trading apps on investing. Their convenience and accessibility are unmatched, allowing trading from anywhere. The app's diverse and impressive trading options make online trading seamless across all mobile devices.
  • Venny says:

    Fees

    Account opening

    Customer service

    Deposit and withdrawal

    The fees at RoboForex are very competitive compared to other brokers I’ve used. I can focus more on trading and less on costs eating into my profits.
  • jamal says:

    Fees

    Account opening

    Customer service

    Deposit and withdrawal

    RoboForex caters to a wide range of traders by offering multiple account types, each tailored to different trading needs and experience levels. Whether you are a beginner or a seasoned professional, there is an account type that suits your needs. The Pro-Standard and Pro-Cent accounts are ideal for new traders, offering low minimum deposits and access to micro-lots, which allow for smaller position sizes and reduced risk. For more advanced traders, the ECN and Prime accounts offer tighter spreads, faster execution speeds, and access to deeper liquidity. This variety in account types ensures that every trader can find an account that aligns with their trading goals.
  • Sammy says:

    Fees

    Account opening

    Customer service

    Deposit and withdrawal

    As someone who’s new to trading, RoboForex has been invaluable. The platform is easy to navigate, and I can mirror the trades of professional traders without worrying about market analysis myself. It’s helped me gain confidence and understand trading strategies.
  • Pietro says:

    Fees

    Account opening

    Customer service

    Deposit and withdrawal

    I’ve been trading on RoboForex part-time, and it’s solid. The platform’s easy to use, even for someone who isn’t super techy like me. I’m happy with the spreads on most pairs, and withdrawal time is reasonable. Overall, it’s a good setup.

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80% of retail CFD accounts lose money