To understand whether RoboForex is suitable for you or not, I recommend to pay attention to these 3 things: reputation, trading conditions, and regulation.
For how long the company is in the market?
- RoboForex is in the market since 2009.
What are the main advantages here?
- The main advantage of RoboForex is a wide range of trading platforms (MT4, MT5, CTrader, and Currenex Viking). Also, the maximum leverage is 1:1000, which is higher than the market average. Please remember that margin trading is risky!
Did you find any reasons not to work with this broker?
- We did not find any major reason not to open an account with Roblox. The only negative thing that we found is that the company doesn’t have PayPal as a deposit method.
Does RoboFX have swap-free (Islamic) accounts?
- Yes, RoboForex offers a swap-free account.
What is the minimum deposit amount?
- It is possible to start trading at $10.
Is this broker regulated?
- Yes, RoboForex has IFSC Belize license and participates in the Financial Commission compensation fund.
Anything special about spreads and margin leverage?
- This broker offers a lot of promotions and free services such as Free VPS, cashback, tradable protection bonuses and others.
|Avg rebate per lot||$5.20|
|Trading platform||MT4, MT5, Web, cTrader|
|Minimum trade size||0.01|
Suspicious reviews that we found
I have been trading with Roboforex for 10 month with EA’s. The performance is much worse than with other brokers their anti-bot-software is very clever and you will have a hard time gaining money.
I also tried to subscribe to a professional traders signal through MQL5.com which went good a few weeks but this morning the signal wouldn’t copy the trades because they had changed the translation of the pairs so the signals trades wouldn’t be recognized any more.*
*We found this review on ForexPeaceArmy. Please be very careful using expert advisors and trading signals with any broker.