|ACCOUNT TYPE||MINIMUM DEPOSIT||MINIMUM TRADE SIZE||MAXIMUM LEVERAGE||SPREAD||COMMISSION|
|300:1||Floating, from 0 pips||$2 per $100 000 traded|
|ECN-FixSpread||No||0.01||300:1||Fixed, from 1.6 pips|
|Fix-Standard||No||0.01||1000:1||Fixed, from 2.0 pips|
|Pro-Standard||No||0.01||1000:1||Floating, from 0.4 pips|
|Fix-Cent||No||0.01||1000:1||Fixed, from 2.0 pips|
|Pro-Cent||No||0.01||1000:1||Floating, from 0 pips|
RoboForex is regulated by the Cypriot financial watchdog, CySEC, and that of Belize, IFCS. We recommend you open an account in Cyprus, where the regulator has a strict control over brokers registered with it, rather than use the brokers’ services in Belize, where regulations are less strict. Moreover, CySEC-regulated brokers are legally allowed to operate in any EU member state and all trader investments of up to EUR 20,000 are guaranteed under the Investor Compensation Scheme Directive (ICSD).
Overall, RoboForex’s trading conditions could seem attractive both to new traders and experienced ones alike. The broker has no minimum deposit requirements for all trading account types it carries. This makes it attractive for risk averse or inexperienced traders who are not willing to invest a large amount of money.
The maximum leverage rates RoboForex offers are high, reaching 1,000:1. This allows traders with lower investments to make transactions with sums a lot higher than their balance. High leverage rates are a two-edged sword since they provide a higher buying power, but they also increases risks. To see other brokers with high leverage, please follow this link.
There are trading accounts with both fixed and floating spreads in RoboForex’s product portfolio, and both types are rather on the narrow side, starting from 0-2 points. Fixed spreads are more predictable in general, but floating spreads can provide the best market price at a given time, which may be lower than the fixed rate. See more brokers with fixed sreads here and floating spreads here.
The broker uses a no-dealing-desk (NDD/STP) forex execution model, making the trading process more transparent, faster, and easier, as it offers no re-quotes from dealers and no dealer intervention.
RoboForex supports the MetaTrader 4 and 5 trading platform and cTrader, which are some of the most widely-used such platforms. It also works with other, less popular platforms and terminals like WebTrader RoboForex, MultiTerminal, Currenex Viking Trader, and mobile versions of some for Android and iOS.
MetaTrader 4 (MT4), available both as a desktop and mobile application, is the worlds’ most popular trading platform. The platform is user-friendly, equiped with powerful charting, one-click trading and signal copying, and even novice traders can easily find their way around it. Traders can download ready-made or create their own automated trading strategies (Expert Advisors, or EAs), scripts and custom indicators in the MQL programming language. Find more MT4 brokers here.
cTrader is an ECN platform with a large number of liquidity providers, available in web, desktop and mobile version. The platform comes with auto-trading (cAlgo) and mirror-trading (cMirror) modules. cTrader is fast, easy to use and provides pricing transparency and tight spreads. Find more cTrader brokers here.
cTrader trading platform. Click to englarge.
The broker offers a great number of choice of payment methods. The traditional payment choices, such as Visa and MasterCard, Skrill, FasaPay, Neteller, among others, are available to traders, but clients of less popular payment options can also find their favorite payment systems. Some of these include Alipay, Todito Cash, Boleto, Sofort, and Multibanco.
PayPal seems to be the only popular payment system that is missing from RoboForex’s portfolio.
One of the best things the broker offers is its automatic withdrawal system, which is open at any time, 24/7. This makes receiving money convenient and fast - in less than one minute.
FXTM is a EU regulated forex broker, offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $1 and take advantage of tight fixed and variable spreads, 1:1000 leverage and swap-free accounts.
FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
Grand Capital is a MT4 forex broker, offering $500 no deposit bonus and 40% bonus on all deposits.
Trading212 is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well (we tried it out and we loved it). Trading 212’s customers enjoy fast execution a vast selection of trading instruments.
FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
|Cyprus||CySec||MT4, MT5, Web||$5||Review Website|
|US, UK, Australia||CFTC/NFA, FCA, ASIC||MT4, Web,
|UK, Australia, Singapore||FCA||MT4, Web,
|UK, Cyprus||FCA, CySec||MT4||$5||Review Website|
|UK, Cyprus||FCA, CySEC||MT4, MT5, Web,
|UK, Bulgaria||FCA, FSC||Web||$150||Review Website|
|Belize||IFSC||MT4, MT5||$100||Review Website|
|Cyprus||CySEC||MT4, MT5||$300||Review Website|
|New Zealand||FMA||MT4||$1000||Review Website|