Roboforex, the trading name of Roboforex Cy Ltd, is a forex broker that has been around for over a decade and has made a name for itself in the industry. Founded in 2009, Roboforex is based in Belize, and then became a member of the FSCL, launched a negative balance guarantee service, later added CFD instruments, and introduced gold and CNY trading accounts.
Roboforex offers a wide range of trading instruments, including stocks, indices, futures, ETFs, soft commodities, energies, metals, and currencies, with over 10,000 instruments available for trading.
In 2016, Roboforex started creating a proprietary investment platform with a professional analysis centre RAMM and released stock trading.
In 2019, the forex broker’s tradable instruments reached 11,700, with global updates for the Android and iOS versions of WebTrader and MobileTrader, and won more than 20 awards in the financial industry.
One of the key features of Roboforex is its variety of account types. The broker offers several different account options, including Prime, ECN, R StocksTrader, Pro Cent, Pro, and demo accounts.
In addition to its diverse account types and trading instruments, Roboforex also offers several different trading platforms. The broker supports both the popular MetaTrader 4 and MetaTrader 5 platforms, as well as their own proprietary platform,WebTrader, MobileTrader, StocksTrader.
Pros and Cons
| Pros | Cons |
| Regulated by CYSEC, NBRB, and FSC (offshore) | Regional restrictions |
| Wide range of trading instruments available | Free withdrawal twice a month only |
| Low minimum deposit requirement ($10) | Limited educational resources |
| Generous leverage up to 1:2000 | |
| Multiple account types | |
| 24/7 customer support | |
| Multiple user-friendly trading platforms to choose from |
Market Instruments
RoboForex offers trading in stocks, indices, futures, ETFs, soft commodities, energies, metals, and currencies.
| Trading Assets | Available |
| Stocks | ✔ |
| Indices | ✔ |
| Futures | ✔ |
| ETFs | ✔ |
| Soft Commodities | ✔ |
| Energies | ✔ |
| Metals | ✔ |
| Currencies | ✔ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
Account Types
RoboForex understands that each trader is unique and has their own trading needs and preferences. That’s why they have created a diverse range of trading accounts to cater to all types of traders. You can find detailed info about account features in the comparison table below:
| Account Type | Prime | ECN | R StocksTrader | Pro Cent | Pro |
| Trading Instruments | 28 currency pairs, metals, CFDs on US stocks, indices, oil, and futures | 12,000+, indices, real stocks, CFD on stocks, currencies, ETFs, oil, metals, and futures | 28 currency pairs, metals | 28 currency pairs, metals, CFDs on US stocks, indices, oil, and futures | |
| Min Deposit | $/€10 | $100 | $/€10 | ||
| Max Leverage | 1:300 | 1:500 | 1:2000 | ||
| Spread | Floating from 0 pips | From $0.02 | Floating from 1.3 pips | ||
| Deposit Bonus | ❌ | ❌ | ❌ | ✔ | ✔ |
| Loyalty Bonus | ✔ | ✔ | ❌ | ✔ | ✔ |
Leverage
The maximum leverage of 1:2000 available for the Pro Account and Pro Cent account type is particularly noteworthy, offering experienced traders a chance to pursue even more profitable trades. The Prime and ECN accounts also offer high leverage, ranging from 1:300 to 1:500.
Trading Platforms
RoboForex provides a range of trading platforms to cater to different trading needs and preferences.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Windows, iOS, Android, Web | Beginners |
| MT5 | ✔ | Windows, iOS, Android, Web | Experienced traders |
| MobileTrader | ✔ | iOS, Android | / |
| StocksTrader | ✔ | Web, iOS, Android | / |
| WebTrader | ✔ | Web | / |
The most popular trading platforms offered by RoboForex include MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are available for desktop, web, and mobile devices, allowing traders to access the markets from anywhere at any time.
MT4 is a widely used trading platform that offers advanced charting capabilities, automated trading features, and the ability to customize indicators and trading robots.
MT5, on the other hand, is a more advanced version of MT4, with additional features such as multi-currency strategy testing and more advanced analytical tools.
In addition to these popular trading platforms, RoboForex also offers its own proprietary platforms, including MobileTrader and R StocksTrader.
MobileTrader is a mobile trading platform that provides access to trading accounts, real-time market data, and order execution.
R StocksTrader, as mentioned earlier, is a unique trading account that offers commission-based trading on US and EU stocks.
For traders who prefer to trade directly from their web browser, RoboForex offers the WebTrader platform. This platform requires no download or installation and offers a simple, user-friendly interface for trading.
Customer Support
Roboforex’s customer support can be reached 24/7 by live chat, contact form, and telephone: +593 964 256 286.
Additionally, the company’s website has an extensive FAQ section, which provides answers to many common questions about trading accounts, deposit and withdrawal methods, trading platforms, and more.
Besides, you can also follow up with Roboforex on some social media platforms, such as Facebook, Twitter, Youtube, Telegram, and Instagram.
