Roboforex Review 2022 (Expert Review)

Roboforex Review Summary

RoboForex is an online brokerage company which has been around for over ten years. The company is regulated by the Financial Commission, which ensures that its customers are protected from fraudulent schemes. The firm offers many trading instruments and many types of assets. As one of the largest online brokerage companies, RoboForex offers a wide variety of trading platforms. Its platforms are available in over 20 markets and offers leverage up to one to twenty. It offers low fees and low margin requirements. Its services are suited for experienced traders.

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Roboforex Platform Features

Roboforex main features and highlights
๐Ÿ—บ๏ธ Country of regulation Cyprus Securities and Exchange Commission (CySEC)
๐Ÿ’ฐ Trading fees No
๐Ÿ’ฐ Inactivity fee No
๐Ÿ’ฐ Withdrawal fee Yes
๐Ÿ’ฐ Minimum deposit 1
๐Ÿ•– Time to open a Roboforex account 1-3 Days. *A Roboforex demo account can be opened in a few minutes, but live Roboforex trading account creation times will vary depending on how long it takes to process your Roboforex KYC documents.
๐Ÿ’ณ Wire Transfer No
๐Ÿ‘› Depositing with electronic wallet No
๐Ÿ’ฑ Number of base currencies supported 4
๐ŸŽฎ Demo account provided Yes
๐Ÿ›๏ธ Financial Instruments offered Forex, Minors, Majors, Exotics, Indices, Metals,

Roboforex review
Roboforex Financial Regulation

Roboforex is regulated by Cyprus Securities and Exchange Commission (CySEC).

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Roboforex Pros And Cons

Regardless of how you trade, there is always a risk to online trading, as well as some key advantages to using such a method. Below are some key pros and cons. The pros of using Roboforex include a large choice of assets that are available to be traded 24/7; and easy-to-use website and mobile app; video guides and chart reading tools to help you carry out fundamental and technical analysis; community features to help you learn from and integrate with other platform users. On the other hand, the cons of using Roboforex can be that the spreads offered on trading cryptocurrencies (Availability subject to regulation) are relatively wide; no mutual funds available to invest in; high risk meaning it is not often a suitable platform for new traders.

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Roboforex Advantages

One of the main advantages of using Roboforex is around the clock service and support as well as research offerings. Not only this, but Roboforex has reduced transaction costs and fees that are often associated with traditional brokerage firms. This provides users of Roboforex with greater flexibility and more control - time is of the essence when trading, and where traditional brokers require appointments just to initiate a trade, trading with Roboforex makes the process a lot quicker. Finally, users have the ability to monitor their investments in real time. Roboforex offers stock quotes and trade information, making it easy for users to view how their investments are doing.

  • Roboforex has been in business over 10 years.
  • Roboforex offers Stock Trading
  • Roboforex offers Neteller as a payment method
  • Roboforex offers Skrill as a payment method
  • Roboforexoffers Islamic Accounts
  • Roboforex offers ECN trading
  • Roboforex offers a Apple Mac desktop trading platform
  • Roboforex offers Hedging
  • Roboforex offers Scalping
  • Roboforex does not have inactivity fees

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Roboforex Disadvantages

Although Roboforex has a lot of good points Roboforex does not offer the below.

Roboforex Review Risk Warning: Losses can exceed deposits.

Roboforex Review

Roboforex review
Things to understand when trading with Roboforex

Online trading on trading platforms like Roboforex have seen huge growth in the last 3 years. Trading with Roboforex requires that you take the time to learn how financial markets work and are able to trade with Roboforex using in depth technical analysis and Roboforex risk management trading tools. Trading with Roboforex involves risk. You should only risk capital with Roboforex that you can afford to lose. Understand your risk tolerance with Roboforex, and have a trading strategy that Roboforex is able to help you execute. Roboforex is a very accessible trading platform but you must take the time to be able to effective use the trading tools and financial instruments Roboforex give you access too.

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Roboforex Trading Fees

Trading fees on Roboforex are taken in the form of the spreads Roboforex offers when buying and selling financial instruments like stocks, commodities, fiat currencies and indexes on Roboforex. Roboforex fees vary depending on the financial instruments traded and can include, Roboforex overnight funding fees, spreads, margins and Roboforex inactivity fees, currency conversion fees, and a spread for applying a guaranteed stop order. There may be some fees when transfering money to and from your Roboforex account charged by your 3rd party payment provider if your Roboforex base currency is different from your Roboforex withdrawal method.

NameRoboforexIC MarketsAvaTrade
Account FeesNoNoNo
Withdrawal FeesYesNoNo
Deposit FeesNoNo
Inactivity FeeNoNoNo
riskwarningTry Now

Losses can exceed deposits
Try Now

Losses can exceed deposits
Try Now

71% of retail CFD accounts lose money

Roboforex review
Roboforex Financial Instrument Fees

Roboforex fees for Forex, Minors, Majors, Exotics, Indices, Metals, are listed below.

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Roboforex Stock Trading Fees

The majority of Roboforex trading fees, commission is either a flat fee per trade or calculated based on the number of traded shares. Several brokers do also offer zero-commission trading for stocks, ETFs, and options. A Roboforex stock trading fee is a brokerage fee that is charged when you buy or sell stocks. A trader may also pay commission or a fee for buying and selling other investments, like options or exchange-traded funds.

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Roboforex Forex Fees

Commission on Roboforex Forex trading can either be a fixed fee (i.e., a fixed sum regardless of volume) or a relative fee: the higher the trading volume, the higher the commission. The amount of money that a trader is charged for Roboforex Forex fees is based on their trade size. To calculate Roboforex Forex fees, one would subtract the bid price from the ask price to find the spread. A Forex broker keeps this spread as their fee/commission.

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Roboforex Cryptocurrency Fees

Aside from the price of the cryptocurrency itself, each cryptocurrency exchange adds a fee for trading, when customers purchase and sell coins. Roboforex cryptocurrency fees can vary, but most exchanges charge between 0.1% to 1% or more per trade. That means that if you've used $1,000 to invest in a certain crypto, the fee you will eventually pay for that transaction could be anywhere between $100 and $1,000. Roboforex cryptocurrency fees include a fee for the Maker (which adds to the order book liquidity through limit orders) and Taker (which subtracts liquidity from an order book through market orders).

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Roboforex Non Trading Fees

Roboforex non-trading fees include a variety of Roboforex brokerage fees and charges that a trader will pay which are not related to buying and selling assets using the Roboforex trading platform. The most common non-trading fees include Roboforex withdrawal fees, Roboforex deposit fees and Roboforex inactivity fees.

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Roboforex Deposit Fees

Roboforex does not charge deposit fees. Some brokers charge a deposit fee for some payment methods, Roboforex does not do this.

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Roboforex Inactivity Fees

Roboforex does not charge traders inactivity fees. Roboforex does not charge for dormant inactive trading accounts. Brokers typically attempt to compensate for lack of commissions by charging inactivity fees.

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Roboforex Withdrawal Fees

Roboforex does charge Roboforex clients small withdrawal fees. Withdrawals fees vary between Roboforex and Roboforex alternatives depending on where you are located and how much money you are withdrawing.

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Roboforex Account Fees

Roboforex does not charge account fees. Account fees charged differ between Roboforex and other brokers. An account is a fee that Roboforex and other brokers assesses on all accounts for the ability to keep an account on their platform.

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Roboforex Account Opening

The Roboforex account registration process is simple, user-friendly, and quick. Within 1-3 Days most Roboforex trading accounts are ready for live trades. Our Roboforex account was validated in 1 day, but live Roboforex trading account verification times will vary depending on the time it takes to process your KYC documents and Roboforex trading account application. A Roboforex demo account can be opened in a few minutes.

Roboforex trading accounts are available in over 193 countries. Roboforex is restricted in the following countries.

Apart from the restricted countries a Roboforex trading account can be opened globally.

The Roboforex trading platform is available for residents in US. Some financial instruments Roboforex offer may be restricted in your country.

  • Fast Roboforex account opening.
  • Roboforex accounts can be opened and KYC can be verified digitally.
  • Roboforex minimum deposit is 1 USD / GBP / EURO.
  • Roboforex trading account verification may be held up for longer than a day if there is an issue with verifying your account.

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Roboforex Deposit And Withdrawal

Roboforex Account Base Currencies

A base currency is the currency in which your account is denominated. In other words, it is the currency you use to trade. Base currencies are used for accounting purposes to refer to the currency in which an investor maintains their book of accounts. For foreign exchange market purposes, a base currency refers to the first currency in a currency pair and the second, the quote currency.

USD, EUR, CNY, XAU are supported by Roboforex as account base currencies. However, in each country, only two or three account base currencies are accessible, usually the local currency plus USD. In the United Kingdom, for example, only GBP, EUR, and USD are accessible for UK traders.

Roboforex offers the following account USD, EUR, CNY, XAU.

When trading make sure your Roboforex trading account currency is the same currency as your withdrawal and deposit bank account otherwise there may be some additional currency conversion fees levied by your bank. Roboforex has no control over the fees your bank may charge for currency conversions or withdrawals and deposits to from and to your bank account.

NameRoboforexIC MarketsAvaTrade
Number Of Currencies4105
Base CurrenciesUSD, EUR, CNY, XAUUSD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZDUSD, GBP, EUR, JPY, AUD
riskwarningTry Now

Losses can exceed deposits
Try Now

Losses can exceed deposits
Try Now

71% of retail CFD accounts lose money

Roboforex review
Roboforex Deposit Fees and Deposit Methods

Investors can log in to their Roboforex trading account, type in their credit card information and the funds required will be posted in a number of business days. Investors can also transfer funds into their Roboforex trading accounts from an existing bank account or send the funds through a wire transfer or online check.

Roboforex Deposit Fees

Making a deposit on your Roboforex account is free.

Roboforex Deposit Methods

There are several methods through which you can deposit money into your Roboforex account. One can use a credit or debit card and Roboforex accepts payments from credit and debit cards provided by MasterCard and Visa. You can use PayPal, funding your Roboforex account using a personal PayPal account. One can also use bank wire or electronic bank transfer. If you have enough funds in your respective account, your bank account will be debited while the equal amount will be deposited into your Roboforex account.

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Roboforex Withdrawal Fees and Withdrawal Methods

You can withdraw cash from your Roboforex brokerage account if you have available funds. If you want to withdraw more than you have available as cash, you may need to close open Roboforex positions before doing so. Remember that after you close your orders, you may have wait for the trade to settle before you can withdraw that money from your Roboforex account.

Roboforex Fees When Withdrawing Your Account Balance

Roboforex may charge a withdrawal fee. Some withdrawal fees are out of the control of Roboforex and may be due to 3rd party payment providers and your account base currency.

Roboforex Withdrawal Methods

Log into your Roboforex trading account, which is connected to your bank account. Go to the section that says โ€œfundsโ€ or โ€œaccountsโ€ and click on it. You will be given two choices: either to add funds or withdraw funds. Click 'withdraw funds' to start transferring money from your Roboforex account to your bank account. To withdraw money from your Roboforex account you can use credit or debit cards. Roboforex processes withdrawals to credit and debit cards provided by MasterCard and Visa. One can also use PayPal, as Roboforex processes withdrawals to PayPal accounts. Finally, you can also withdraw funds straight to your bank account via bank transfer.

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Roboforex Trading Platforms

As there are a number of tradable financial instruments available on the Roboforex trading platform. Before investing in the Roboforex platform, there are important factors to consider. Some platforms are designed for the more advanced trader, thus offering more research and analytical tools. The Roboforex platform has a demo account and educational tool, but it may not be designed for new traders so focuses less on those educational features. Roboforex offer phone, and email support.

If you struggle with technology, you need to consider the level of support on Roboforex is available. Another thing to consider is your financial goals. Make sure that a Roboforex account fulfils these goals. Several platforms offer commission-free trading, but some require a minimum fee for opening an account.

There can also be additional fees, such as inactivity charges, withdrawals and transfers. Make sure that you have enough funds to trade via a Roboforex account. Ensure that Roboforex allows you to focus on the type of trading that you want to focus on.

Make sure Roboforex is correct for your investment purposes. Markets change quickly, and you need to be able to execute an order instantly. on your platform. Before using Roboforex, think about how easy it is to use for your personal needs. Does the Roboforex platform offer real-time updates or delayed updates that are more informed? Remember to check if Roboforex is well regulated, and what tradeable financial instruments Roboforex has. Security is very important when it comes to trading with Roboforex.

Roboforex Web Trading Platform

A Roboforex web trading platform is a piece of software that is used for trading. This includes opening, closing, and managing market positions through Roboforex which acts as a financial intermediary. Roboforex is a web trading platform through which Forex traders can open and close positions online, without downloading any software. Via a web browser, traders can follow Bid-Ask spreads, place Stop Loss and Take Profit orders, as well as track all past and current positions executed.

Mobile Trading Platform

Both Android and iOS devices are supported by the Roboforex mobile trading platform.

Roboforex Apple IOS Trading Platform

A Roboforex iOS trading platform is the application software that enables investors and traders to place trades and monitor accounts through iOS apps on Apple devices, such as an iPhone.

Roboforex Google Play Android Trading Platform

A Roboforex Google Play trading platform is the application software that enables investors and traders to place trades and monitor accounts through Google Play apps on Android devices, such as an Android mobile smartphone.

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Roboforex Mobile Trading User Experience

Roboforex mobile trading gives its users a platform to trade from anywhere in the world, as long as they have an internet or WiFi connection. The mobile trading app provides an ease of transacting while using a mobile device. This is because orders can be placed quickly and effortlessly. Roboforex mobile trading refers to trading using a mobile phone.

Leading brokerages like Roboforex offer mobile trading apps to their clients who are able to use them to trade and even monitor their entire Roboforex portfolio. All an investor needs is a Web-enabled smartphone and a trading account with Roboforex. Once you have download the Roboforex trading app, you are ready to begin.

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Roboforex Desktop Computer Trading Platform

A Roboforex computer trading platform is a software which one can use to research, place, monitor and edit trades on your desktop computer. You can choose from many platforms, including desktop platforms, trading apps, web-based platforms and third-party programs. The Roboforex desktop computer trading platform is the software that enables investors and traders to place trades and monitor accounts through financial intermediaries. The Roboforex desktop trading platform offers other features to its users, such as real-time quotes, charting tools, news feeds.

Roboforex MetaTrader 4

MetaTrader 4, known as MT4, is a trading platform used by online retail foreign exchange traders. MetaQuotes Software developed and released this programme in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients. It is a free-of-charge Forex trading platform, offering wide technical analysis options, flexible trading system, and algorithmic and mobile trading. MT4 is a popular online trading platform that can be used to automate one's trading. Its simple user interface provides users with access to advanced technical analysis and flexible trading systems.

Roboforex MetaTrader 5

MetaTrader 5 is a free application for traders allowing to perform technical analysis and trading operations in the Forex and exchange markets. MetaTrader 5 is a multi-asset platform suitable for trading in the Stocks and Futures markets too. It is a multi-asset platform that allows trading Forex, stocks and futures, and it also offers superior tools for comprehensive price analysis. There are many benefits at MT5, as the platform represents an all-in-one concept, offers impressive analytical tools and a modern look with the allowance to open hundreds of charts and perform analysis through truly advanced institutional grade features.

Roboforex cTrader

cTrader is a trading platform allowing CFD and currency pair trading. cTrader offers advanced technical analysis charting tools and very fast market order execution. cTrader is available on multiple devices. cTrader offers more complex configurable trading tools for more advanced traders.

Roboforex PC Trading Platform

One needs a computer with high performing hardware if their plan is to be a full time trader using Roboforex. A trading computer with access to a Roboforex PC trading platform is a superior, extremely fast computer which is designed and customized to maximize a traders ability to interface with markets and make decisions in real time. There are four key ingredients to a great Trading Computer: speed, reliability, multiple monitors, and post-sale service & support.

Roboforex Apple Mac Trading Platform

Apple Macs and MacBooks can easily handle the most important requirements when using the Roboforex trading platform. This includes the ability to have multiple browser tabs or trading apps open, a high quality display or monitor (high definition Retina displays with True Tone technology, adjusting and adapting to ambient lighting), an accurate trackpad or mouse, lightweight design, and long battery life. Macs are easy to set up, start up, use and even maintain. A Mac can go from cold boot to live trading using just a couple of mouse clicks and in well under a minute. Therefore, the Roboforex trading platform is very user friendly and easy to use on a Mac device.

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Roboforex Trading Look And Feel

The Roboforex user interface (UI) is what Roboforex traders will see and interact with first when trading with the Roboforex trading platform. The Roboforex is well designed. The goal of the Roboforex trading UI is to make the Roboforex user's experience easy and intuitive. The Roboforex application has good user experience and a good level of customer satisfaction.

Roboforex Security

Roboforex is a secure trading platform. Roboforex offers traders security via 2 factor authentication, SSL encription when trading with Roboforex. Roboforex trading accounts are masked and encrypted using cutting-edge encryption and masking technology to secure your personal and financial information when trading with Roboforex. Rate limitation on Roboforex suspicious account activities is another layer of protection that is provided for Roboforex trading accounts, for example multiple failed login attempts with Roboforex. You have the option to further safeguard your account by using Roboforex Two-Factor Authentication (2FA), which provides an extra layer of security.

The Roboforex trading infrastructure is constantly watched and guarded by a trained team at Roboforex In addition, Roboforex never send sensitive information without first encrypting on the Roboforex trading platform using transport layer security (TLS) and SSL.

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Placing A Buy Or Sell Order On Roboforex

Available Roboforex order types. # market, limit, stop, stop limit, Good until end of day / canceled.

Roboforex Market Order

A Roboforex market order is an order to buy or sell a stock at the market's current best available price. A market order usually ensures an execution, but it does not guarantee a specified price. Market orders are optimal when the primary goal is to execute the trade immediately. Roboforex market orders are executed by a broker or brokerage service on behalf of clients who wish to take advantage of the best price available on the current market. Roboforex market orders are popular as they are a fast and reliable method of either entering or exiting a trade.

Roboforex Limit Order

A Roboforex limit order is an order to buy or sell a stock with a restriction on the maximum price to be paid or the minimum price to be received. If the order is subsequently filled, it will only be at the specified limit price or better. However, having said this, there is no assurance of execution.

Roboforex Stop Order

A Roboforex stop order, also referred to as a stop-loss order, is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order. A sell stop order is entered at a stop price below the current market price. If the stock reaches the stop price, the order becomes a market order and is filled at the next available market price.

Roboforex Stop Limit Order

A Roboforex stop-limit order is an order to buy or sell a stock that combines the features of a stop order and a limit order. Once the stop price is reached, a stop-limit order becomes a limit order that will be executed at a specified price (or better). The Roboforex stop-limit order triggers a limit order when a stock price hits the stop level. A Roboforex stop-limit order can be helpful when trading if you are unable to watch your trades all day.

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Roboforex Alerts And Notifications

Price alerts and notifications can be established for executed orders, important news, and margin calls, for example. On the online platform, these notifications appear as pop-up messages. It would be preferable if you could set up email or SMS notifications as well.

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Roboforex Trading Platform Features

Online trading platforms like Roboforex are used by traders to help them with every aspect of trading. Market analysis, price projections, and purchase timing are all key when trading live financial markets with Roboforex. The Roboforex trading platform provides traders with up to the second charts in order to enable them to execute transactions at the click of a button using Roboforex.

Roboforex Margin Trading

Roboforex margin trading means borrowing money from the brokerage firm in order to carry out trades. When trading on margin, investors first deposit cash that then serves as collateral for the loan, and then pay ongoing interest payments on the money they borrow. In essence, Roboforex margin trading is a facility under which one buys and sells stocks that they cannot afford. You are allowed to buy and sell stocks by paying a marginal amount of the actual value. This margin is paid either in cash or in shares as security. Your broker funds your margin trading transactions.

Roboforex Auto Trading

Roboforex auto trading is a trading strategy where buy and sell orders are automatically placed based on an underlying Roboforex system or programme and actioned by set criteria set by the Roboforex trader. These Roboforex orders are placed when the trade conditions in the underlying Roboforex system or program are met. It is a method of participating in financial markets by using Roboforex, which executes a pre-defined set of rules for both entering and exiting trades on Roboforex. If you are a Roboforex trader, you are able to use detailed Roboforex technical analysis with the setting of parameters for Roboforex one's positions. This includes orders to open Roboforex, trailing stops, and guaranteed stops.

Roboforex Social Trading

Roboforex social trading is a form of social trading that enables Roboforex traders or investors to copy and execute the strategies of their peers or more experienced traders on the Roboforex platform. Social trading on Roboforex allows you to communicate with other Roboforex investors in a Facebook-style social network manner. The main premise is that you are able to share and discuss potential Roboforex investment opportunities with traders on the Roboforex platform.

Roboforex Copy Trading

Copy trading with Roboforex allows users to copy trades executed by other Roboforex investors in the financial markets. The goal of copy trading is for a Roboforex trader to have the same positions as the Roboforex investor they are copying. When copying another Roboforex trader, you do not receive the plan of the traders Roboforex strategy, but simply follow their trades they execute on Roboforex. Roboforex copy trading is one way to automate your investment strategy. Copy trading trades on Roboforex must still be monitored and copy trading on Roboforex still has risk of trading loss.

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Roboforex Account Types

Roboforex Demo Account

Roboforex offers demo accounts that gives traders the ability to purchase and sell Roboforex financial instruments in a practice environment, using fake Roboforex digital money and live market conditions and data. When you practise on a Roboforex demo account, one of the many advantages you'll enjoy is the opportunity to get acquainted with the more technical parts of the Roboforex platform. Roboforex demo accounts allow you to experience and practice a variety of market charts, Roboforex trading indicators, and trading strategies using Roboforex.

Roboforex Standard Account

Roboforex offers a standard trading account, allowing Roboforex traders to trade a wide range of financial instruments, with competitive spreads, using the feature rich Roboforex trading platform.

Roboforex STP Account

Roboforex STP (Straight Through Processing) account is a Roboforex trading feature that involves sending Roboforex client orders directly to the market without passing them through a dealing desk. A Roboforex STP account is considered to be more of a hybrid of the ECN and market maker (dealing desk) models.

Roboforex ECN Account

A Roboforex ECN (Electronic Communications Network) account is a pure order-matching execution system, where Roboforex, as a provider, charges a commission per Roboforex trade instead of inflating the spread, occurring more naturally within the Roboforex order-matching process. A Roboforex ECN is a financial intermediary that uses electronic communications networks to give Roboforex clients direct access to other participants in equity and currency markets. As an ECN broker, Roboforex only matches Roboforex trades between other market participants; it cannot trade against the Roboforex client.

Roboforex Islamic Accounts

Roboforex islamic accounts respect Islamic finance law. Roboforex swap free accounts do not accumilate interest and Roboforex transactions are actioned immediately. A Roboforex Islamic Forex account is a halal trading account that is offered to clients who respect the Quran and wish to invest in Islamic compliant financial instruments, using Roboforex following the principles of Islamic finance. As Sharia law prohibits the accumulation of interest, traders with Roboforex Islamic accounts do not pay or receive interest rates.

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Roboforex Tradable Financial Instruments

Roboforex tradable financial instruments are the financial instruments that are specifically available to trade on the Roboforex trading platform. This refers to the different types of financial markets you can trade with through Roboforex. Sometimes called securities , they range from commodity futures to stocks and CFDs, to currencies and metals, and more on Roboforex.

NameRoboforexIC MarketsAvaTrade
CFD TradingYesYesYes
Stock Markets53210099
ETFsNo
Fractional SharesYesNoNo
CryptocurrenciesNoYesYes
riskwarningTry Now

Losses can exceed deposits
Try Now

Losses can exceed deposits
Try Now

71% of retail CFD accounts lose money

Roboforex review
Roboforex Trading Stocks

Stock trading with Roboforex is the act of purchasing and selling shares in a corporation listed on a stock exchange available for trading with Roboforex; if you possess the stock on Roboforex, you own a piece of the corporation and may be entitled to voting rights where applicable.

Stock trading on Roboforex involves purchasing and selling stocks and share using Roboforex periodically in order to time trades against the stock markets, with the aim of using Roboforex to profit from your stock trading. Roboforex stock traders look to profit from the short-term market developments by selling stocks for a profit or buying stocks at a cheap price on Roboforex. Stock traders on Roboforex conduct significant study, frequently dedicating several hours every day to market monitoring using Roboforex trading tools.

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Roboforex Trading ETFs

What Are ETFs

Roboforex does not offer ETF trading. An ETF is a collection of assets whose shares are traded on a stock market. They blend the characteristics and potential benefits of stocks, mutual funds, and bonds. ETF shares, like individual stocks, are traded throughout the day at varying prices based on supply and demand.

What Are Fractional Shares

Roboforex offers fractional shares.

Investors can buy fractional shares of a stock, making it easier to diversify even with modest amounts of money. Investors can buy stock in fractional shares by specifying a dollar amount rather than the price of a whole share.

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Roboforex Trading Cryptocurrencies

Roboforex does not offer cryptocurrency trading.

Cryptocurrency trading is not offered by Roboforex, so you will need to find a Roboforex alternative that allows you to buy and sell the underlying cryptocurrency assets. Roboforex CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if CFD cryptocurrency trading is allowed in your region with a Roboforex alternative and make sure you undertand the risks fully before trading.

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Roboforex Forex Trading

Forex trading with Roboforex is a method through which to invest money which involves trading one currency for another in a Forex currency pair with Roboforex. The main aim of Roboforex Forex trading is to successfully predict if the value of one currency will increase or decrease when compared to another. You can trade major, minor and exotic currency pairs with Roboforex. As a Roboforex Forex trader, one buys and sells currencies on a foreign exchange market. Their duties include performing research or analysis on a currency pair using a trading platform like Roboforex. In general, Forex traders can either work for banks and hedge funds or trade independently using trading platforms like Roboforex. Some traders use charts and indicators for Forex analysis, while others rely on news and economic data available on Roboforex.

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Roboforex Commodities Trading

Commodity trading is a type of trading available on Roboforex where individuals or businesses buy and sell financial instruments using Roboforex related to commodities, such as metals or oil.

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Roboforex Options Trading

Roboforex options trading is the trading of instruments that gives someone the right to buy or sell a specific security on a specific date at a specific price. If one decides to complete that purchase or sale, they are know to be exercising the option. Roboforex option strategies are the simultaneous, often mixed, buying or selling of one or more options which differ in one or more of the options' variables.

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Roboforex Futures Trading

Futures trading with Roboforex is where derivative financial contracts obligate a buyer to purchase an asset or a seller to sell an asset at a predetermined future date and set price using Roboforex to facilitate the trade. A Roboforex futures contract allows an investor to speculate on the direction of a security, commodity, or financial instrument available on Roboforex. Typically, futures contracts are traded on an exchange such as Roboforex; one trader agrees to buy a given quantity of securities or a commodity, and take delivery on a certain date. The selling Roboforex trader to the contract agrees to provide it.

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Roboforex Bonds Trading

Bonds trading on Roboforex is a way of making profit from fluctuations in the value of corporate or government bonds. The government will pay a defined interest rate on an investment for the duration of the issued bond, and then give the original sum back at the end of the loan's term to the Roboforex trader. Bonds can be bought and sold on Roboforex after they are issued. While some bonds are traded publicly through Roboforex, most trade over-the-counter between large broker-dealers like Roboforex acting on their clients' or their own behalf. Yield is therefore based on the Roboforex purchase price of the bond as well as the coupon.

Roboforex CFD Trading

A contract for difference (CFD) allows traders to speculate on the future market movements of an underlying item without owning it or taking physical delivery of it. CFDs can be used to trade a variety of underlying assets, including stocks, commodities, and foreign exchange.

NameRoboforexIC MarketsAvaTrade
Forex CFDYesYesYes
Index CFD302532
Stock CFD8400110625
ETF CFD503059
Commodity CFD202027
Crypto CFDNoYesYes
riskwarningTry Now

Losses can exceed deposits
Try Now

Losses can exceed deposits
Try Now

71% of retail CFD accounts lose money

Roboforex review
Roboforex Trading Research Tools

Taking advantage of Roboforex trading research tools which are designed to help traders analyse potential investments using the Roboforex trading platform. Some Roboforex research tools include charts, technical analysis, and Roboforex trading indicators.

Roboforex Trading News

Traders can follow the markets and make wise investment decisions on Roboforex by using the news to help form a strategy when it comes to choosing investments. A Roboforex news trading strategy involves trading based on news and market expectations, both before and following news releases. Traders need to assess the news immediately after it is released and make a quick judgement on how to trade as a result.

Roboforex Economic Calendar

An economic calendar is used by investors to monitor market-moving events, such as economic indicators and monetary policy decisions. Market-moving events, which are usually announced or released in a report, have a high probability of impacting the financial markets. A Roboforex economic calendar is a resource that allows traders to learn about important economic information scheduled to be released throughout the major economies. Events may include indicators such as GDP, the consumer price index (CPI), and the Non-Farm Payroll (NFPs) report.

Roboforex Fundamental Data On Financial Instruments & Companies

Fundamental research does not usually generate findings that have immediate applications in a practical level. Fundamental research aims to answer the questions of why, what or how and tend to contribute to the pool of fundamental knowledge in a research area. Roboforex fundamental analysis research data looks at the price movement of a security and uses this data to attempt to predict future price movements. Fundamental analysis, on the other hand, looks at economic and financial factors that influence a business. Fundamental analysis therefore evaluates securities by attempting to measure their intrinsic value.

Roboforex Charting

Technical analysis indicators such as MACD,RSI, Stochastics, OBV, and Fibonacci are vital for trading. The primary types of chart used by traders on Roboforex are the Candlestick Chart, Line Chart, Point and Figure charts, and Renko Chart. Charts such as these are plotted either on an arithmetic or logarithmic scale and the analyst then goes with either one depending on the information acquired.

Roboforex portfolios

Trading portfolios are useful when trading with Roboforex.

A trading portfolio is made up of various investment vehicles. Distinct trading portfolios, each tailored toward a different investing strategy, might be owned by an investor.

A Roboforex trading portfolio is a traders collection of investments, which may include a variety of Roboforex financial instruments.

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Roboforex Payment Methods

A Roboforex payment method is required to fund your Roboforex trading account before placing a buy or sell order on a financial instrument.

When trading with Roboforex, there are a variety of payment options accessible; different brokers support different deposit and withdrawal methods. Each trade payment option has its own set of benefits and cons in terms of costs, processing times, and limits. Some thing to be aware of is if your bank accounts base currency is different to the base currency of your trading account, your bank may add additional transfer fees that Roboforex do not have any control over.

NameRoboforexIC MarketsAvaTrade
Payment MethodsADVcash, Alipay, Bitcoin Payments, Cashu, FasaPay, Giropay, iDeal, MoneyGram, Neteller, Perfect Money, POLi, QIWI, Rapid Transfer, SafeCharge, Skrill, Sofort, Trustly, Vietcombank Transfer, Visa, Webmoney, WeChat Pay, Wire Transfer, Yandex MoneyBPAY, Credit Card, FasaPay, Giropay, Mastercard, Neteller, PayPal, POLi, QIWI, Rapid Transfer, Skrill, UnionPay, Visa, Wire Transfer, Yandex MoneyBitcoin Payments, Credit Card, Debit Card, FasaPay, JCB Card, Mastercard, MoneyGram, Perfect Money, Skrill, Swift, Webmoney, Western Union, Wire Transfer
riskwarningTry Now

Losses can exceed deposits
Try Now

Losses can exceed deposits
Try Now

71% of retail CFD accounts lose money

Roboforex review
Roboforex Withdrawl Methods

When trading with Roboforex at some point you will want to release your funds back to your bank account or other withdrawal method. Many modern trading platforms offer withdrawal of your trading account balance to digital wallets and direct bank transfers. Depending on your geo region certain withdrawal methods may be more convenient to you. Each withdrawal method has its own withdrawal time which you will have to check before withdrawing your Roboforex account balance. Roboforex may have minimum withdrawal limits that you will need to check before withdrawing.

You may be charged a currency conversion fee by your withdrawal method if you withdraw your Roboforex account balance in a currency other than GBP, or whatever your withdrawal method account base currency is.

Roboforex Withdrawals Times

The time it takes for your withdrawal to arrive is determined by the method you used to make it. It's important to remember that this is the payment method you used to fund your Roboforex account.

Withdrawal requests can take up to three business days to be processed by Roboforex.

You may anticipate to receive your money within three business days for bank transfers, credit/debit cards, and digital wallets.

If you're having a withdrawal transferred to your digital wallet account, your Roboforex should arrive in less than 24 hours.

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Roboforex Customer Support

Customer support represents the resources within the Roboforex company that provides technical assistance to its customers after they use the Roboforex service. A customer may often need to seek out support when they are in need of help, so a customer support team must be easy to contact, available, and responsive.

Roboforex offer email, phone, customer support.

Roboforex Email Support

Roboforex offers email support.

Email support is a a convenient method of Roboforex customer service but responses to support queries are not quick. You may have to wait between 1 - 3 days for a response from Roboforex regarding your support request.

Roboforex Livechat Support

Roboforex offers livechat support.

Roboforex live chat support is a way for customers to obtain help from Roboforex through an instant messaging platform. It happens at a one-to-one level, often via the company's website. It can be a proactive chat pop-up, with a chat box appearing on the screen and asking if you need help. Clicking on it would then connect you to a live agent. Livechat is great if you require a reponse to your support request withing 15 minutes.

Roboforex Telephone Support

Roboforex offers telephone support.

Roboforex telephone Support is often used for pre-sale queries, order taking, or even upselling and cross-selling, and troubleshooting. Outbound calls are calls made to customers from the Roboforex call centre to give or take information.

Roboforex review
Roboforex Educational Resources

Roboforex educational resources are used throughout the Roboforex learning environment to help and assist with customer's development and learning of trading on Roboforex. They are designed to reinforce learning and in some cases allow people to put their knowledge to the test using Roboforex trading tools. Educational resources are brilliant for educators to help deliver the best quality lessons.

Roboforex Trading Platform Tutorials

Roboforex offer a range of learning resources and tutorials and guides made available to registered Roboforex users. The Roboforex guides are usually broker down into indepth articles explaining varioius trading topics, quizes and video explainers which aim to educate Roboforex users on basic trading principles.

Roboforex Trading Videos

Roboforex offer a selection of online trading videos.

Trading videos on Roboforex help new and even more experienced investors gain insights into Roboforex technical analysis tools and how the different financial markets work when trading on Roboforex.

Roboforex trading videos cover the basics of financial instruments like stocks, Forex, commodities, ETFs and cryptocurrencies. Some Roboforex training videos help widen your trading knowledge. The more trading knowledge you have the better you will be able to mitigate and understand trading risks when using Roboforex to trade live financial markets.

Roboforex Webinars

Roboforex offers access to online webinars. A webinar is an interactive online event in which a speaker (or a small group of speakers) delivers a presentation to a large audience of Roboforex clients who participate by asking questions, replying to polls, and using other interactive technologies available on the Roboforex trading platform.

Roboforex review
Roboforex Financial Regulation When Trading

Financial regulations on Roboforex protect consumers' investments. Regulations prevent financial fraud and limit the risks that Roboforex as a financial institution can take with their investors' money. Financial regulators oversee three main financial sectors: banking, financial markets, and consumers. A well-functioning financial system is vital for the economy, businesses and consumers. Roboforex financial regulation is part of ensuring the safety and soundness of the financial system and protecting consumers.

Is Roboforex Regulated?

Roboforex is regulated by Cyprus Securities and Exchange Commission (CySEC).

Roboforex is licensed by financial regulators in certain jurisdictions. You can find out if brokers like Roboforex are licensed in your country, if they have had run-ins with regulators, or received serious complaints from Roboforex investors, directly with financial regulators in your country.

Roboforex Regulatory Protection Limits

When registering with Roboforex you must check with regulatory body your Roboforex trading account falls under. Even though you are a resident of the UK for example your account may fall under regulatory rules outside the jurisdiction of the FCA. Check which company entity and regulation your Roboforex account is over seen by. Roboforex client funds are stored in segregated 3rd party bank account in accordance with Roboforex financial regulators.

Client country Investor protection amount Regulator
United Kingdom ยฃ85,000 Financial Conduct Authority (FCA)
EU Investor Compensation Scheme max โ‚ฌ50,000 Directive of The European Parliament and European Commission
Other countries 90% of your funds, max โ‚ฌ20,000 Bulgarian Financial Supervision Commission (FSC)

Roboforex Trading Signals

Roboforex offers trading signals to Roboforex clients.

Roboforex trading signals are triggers to buy or sell a security based on a pre-determined set of criteria. Traders can create trading signals using a plethora of criteria: from simple ones, such as earnings reports and volume surge, to more complex signals that are derived using existing signals. A Roboforex trading signal is an alert to traders to either enter or exit a position. Trading signals are based on specific times and prices and can be identified through technical or fundamental analysis. It is up to the Roboforex trader to then decide whether or not to act on the signal.

Make sure you understand the risks of trading signals.

How does Roboforex make money?

Because Roboforex acts as an intermediary, Roboforex gets compensated on buy and sell transactions of financial instruments. As a result, Roboforex profit is determined by the volume and number of transactions. Roboforex earns revenue to fund their Roboforex platforms and wide range of trading services through market spreads.

Can you buy shares on Roboforex?

Roboforex provides customers with real company shares. Traders can choose from thousands of stock CFDs in addition to shares. You can see the complete list of stocks here. Roboforex offers CFD stock trading. When trading CFD stocks you are not trading real stocks as you do not own any underlying stock assets. A CFD stock is a leveraged deal between the trader and Roboforex on the speculative up or down price movement on an agreed stocks price movement.

Does Roboforex offer Cryptocurrency?

Roboforex does not offer cryptocurrency trading. The offering of crypto CFDs was stopped by most trading platforms on November 27, 2020, as a result of the Financial Conduct Authority of the UKs restrictions on cryptocurrency. While buying and selling Bitcoin and other cryptocurrencies is still lawful, the UK financial regulator, the Financial Conduct Authority (FCA), has made trading cryptocurrencies illegal for UK residents. This is because the FCA considers crypto CFD trading to be a high-risk activity. You'll need to see if trading crypto CFDs are allowed in your country.

Roboforex Lower fees, lower costs?

Roboforex have reasonable trading fees and costs. Roboforex may charge a deposit fee. Roboforex may charge a withdrawal fee. Some withdrawal fees are out of the control of Roboforex and may be due to 3rd party payment providers and your account base currency.

What about the minimum deposit?

Roboforex minimum deposit is 1 USD / GBP / EUR.

How to start your Roboforex account?

You can sign up for a live or demo Roboforex trading account by visiting Roboforex and signing up. Enter your details, upload proof of ID, fund your account and you should be up and trading within a few hours. Open an Roboforex account here.

How's the Roboforex trading app?

Roboforex allow traders to trade financial markets on iOS supported mobile devices.

You can tryout the Roboforex trading app here.

Is the quality of Roboforex customer service satisfactory?

Roboforex have great customer support which is accessible through email, phone, support options.

Is this broker good for new traders?

Roboforex is a good trading platform for new traders as Roboforex offer a good range of educational resources, good support options as well as a demo account.

How do you withdraw money from Roboforex?

Roboforex offer a good selection of withdrawal options. Once Roboforex have confirmed and approved your withdrawal information, withdrawals are usually processed within 1 to 3 days.

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Ashly Chole - Senior Finance & Technology Editor

Roboforex Review 2022 (Expert Review) guide updated 23/09/22