Best Forex Brokers :RoboForex Review
RoboForex is Forex broker is provides both individuals and businesses with a range of Forex trading services including cent accounts and professional ECN trading accounts. Based in New Zealand, RoboForex serves a good deal of traders from Indonesia and Malaysia, as well as others throughout the world. For the purposes of this RoboForex review we’ve taken a look at the broker’s services and offerings so that whether you’re looking for RoboForex Indonesia or anywhere else you’ll know if this is the right brokerage for you. It's worth noting that despite its name, RoboForex is not an automatic Forex trading service.
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Online Forex Trading
The goal of RoboForex is to provide quality services at the international Forex exchange market. We have a great variety of Forex trading accounts (from Micro Cent accounts for beginners to professional ECN accounts provided by Currenex), a convenient Live Account, trading terminals MetaTrader4, MetaTrader5,cTrader, Currenex Viking Trader a wide range of trading instruments, Bridge functionality with fully integrated Straight Through Processing (STP) – all these factors allow our clients to implement any kind of trading strategy. Just give the orders and leave everything else to RoboForex!
Forex Advantages
- MetaTrader4, MetaTrader5, cTrader, Currenex Viking Trader platforms
- NDD & STP dealing technologies
- Deposit currency USD / EUR / CNY / GOLD
- Immediate automatic funds withdrawal from the account
- Forex deposit bonus from 50% to 115%
- ECN accounts with level up to 1:300
- 5 Level of the Affiliate program
- Forex Micro Pro and Fix accounts
- Free-of-charge remote VPS server
- Up to 20% on available funds
Forex Conditions
- Floating spread from 0 pips
- Instruments with zero spread
- Leverage 1:700, 1:888, 1:1000
- Trading Contracts for Difference (CFD)
- Minimal lot size of 0.01
- Instant execution / Market execution
- 4th and 5th decimal price quotes
- Market Depth - Level2
- "One-Click Trading" Service
- Expert advisors trading is enabled
- Liquidity from the leading ECN-systems
RoboForex is available to traders 24 hours a day 5 days a week, and it provides both beginner and expert traders with advice, information, news and bonuses upon deposit. We found the company’s Forex glossary to be a bit weak – it certainly doesn’t cover all of the important terms that you’ll need to know about if you want to trade Forex successfully. Likewise, the Forex articles for beginners were somewhat shallow. For advanced traders, RoboForex provides live company and Forex news, technical analyses of your favorite currency pairs and a currency chart where you can choose what hour you would like to see.
In contrast, we found the information about RoboForex’s services to be extremely robust, with the company’s website providing all necessary information for traders to understand how trades are executed, what the minimum deposits are and what fees are charged. Roboforex provides a demo account for those who want to practice as well as multiple real accounts for those who are ready to invest.
During our RoboForex review we were impressed to see that the company offers over 200 trading instruments, as well as multiple trading platforms to meet the needs of different Forex traders. Platforms include multi-terminal and MetaTrader 4 platforms, to Android, Mobile and Web based platfroms (for Mac and Linux systems as well as PCs). RoboForex is expanding to offer the new MT5 platform.
The company is regulated by the independent Financial Services Complaints LTD (FSCL), which is a positive sign, though we always recommend looking for brokers that are regulated by a governmental agency such as CySEC, the NFA or FSC. We could not ascertain exactly what regulations are enforced (if any) by the FSCL, and full research of this issue is somewhat beyond the scope of this RoboForex review.
Why do traders choose RoboForex company?
RoboForex is an international Forex broker, one of the leaders in the field of financial services. The following services are available for the Company’s clients:
RoboForex offers excellent conditions for successful trading
- MetaTrader4, MetaTrader5, WebTrader RoboForex, cTrader and Currenex Viking Trader trading platforms
- Instant order execution
- Nine types of trading accounts
- Trading Contracts for Difference (CFD)
- No minimum deposit
- Deposit bonus up to 115%
- Spreads from 0 pips
- Leverage 1:700, 1:888, 1:1000
- Free-of-charge remote VPS-server
- CopyFX investment project
- Up to 20% on available funds
RoboForex is a member of international regulators and protects the clients’ rights
- RoboForex (CY) Ltd is regulated by the CySEC, license No. is 191/13 and registered with the UK FCA, reference No. is 608962
- Also, RoboForex (CY) Ltd is an official member of Investor Compensation Fund (ICF) of Cyprus, which provides insurance of the investors’ deposits up to 20,000 EUR
- RoboTrade Ltd is regulated by the IFSC, license IFSC/60/271/TS/15
- Also, RoboTrade Ltd is an official member of the International Financial Commission, an independent organization, which has been engaged in the resolution of disputable issues between traders and brokerage companies for more than 50 years
RoboForex provides professional services on Forex market
- Personal consultant on trading conditions offered on Forex market
- 24/5 Online Customer Support service
- Analytical support and information services for traders
- Free-of-charge webinars for beginners and experienced traders held by experts
RoboForex is the quality recognized worldwide
- Fastest Growing Forex Brand Asia 2014
- Best Standard Forex Broker 2014
- Best Retail Forex Brand Russia & CIS 2013
- Best Retail Forex Broker 2013
- Best Execution Broker, Eastern Europe 2013
- Fastest Growing ECN Broker, Eastern Europe 2012
RoboForex is available in English, Indonesian, Malaysian, Russian and Chinese, which notes to traders that its services are geared towards traders in Asia rather than Europe, though of course anyone is welcome to trade.
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