Binary Options Review

RoboForex India Review

Share this article

RoboForex LTD is a member of the RoboMarkets/RoboForex Group that also includes RoboMarkets LTD and RoboMarkets LLC. This group has been in existence since 2009, and the three subsidiaries have experienced a tremendous growth rate over the previous decade. Eight asset classes with over 9,400 assets are available for trading from four platforms, all of which will be covered in depth in this RoboForex review. Services are offered in 19 languages across 169 countries. The group claims to have over 1,000,000 clients who call RoboForex their home. This review will focus on RoboForex LTD which is authorized and regulated in Belize and represents the most accomplished part of the group.

RoboForex homepage

Forex traders are treated to an attractive trading environment, and the great asset-selection across eight categories allows for a properly diversified portfolio. Regardless if a new trader starts with his (or her) first trading account or an experienced professional is managing a multitude of portfolios, RoboForex is ready to cater across the entire spectrum. As the name suggests, automated trading occupies a key role at this international broker.

Regulation and Security

RoboForex LTD is authorized and regulated by the International Financial Services Commission Belize (IFSC) under license number IFSC/60/271/TS/19. The IFSC is regulated by the Ministry of Belize Securities and International Financial Services Commission Act (IFSC Act) and is fully compliant with international AML policies. Client deposits are kept in segregated bank accounts as stipulated by its regulator.

RoboForex regulation confirmation

Adding another layer of protection is the category A membership of RoboForex with The Financial Commission operating out of Hong Kong; it represents the first independent self-regulatory organization and external dispute resolution (EDR) body for the Forex market. Membership includes the protection offered by the Compensation Fund which secures deposits to a maximum of €20,000; sufficient to cover most, if not all, retail deposits. RoboForex was awarded the Verify My Trade (VMT) execution quality certificate and follows regulation seriously. Negative balance protection complements the security of traders who manage leveraged accounts. Traders should feel extremely safe and secure with their capital at this brokerage, as it goes to great lengths to ensure its clients are managing portfolios in a secure and competitive trading environment.

This broker is also a member of The Financial Commission and its Compensation Fund:

Financial Commission participation

Broadly speaking, RoboForex has conducted an outstanding task when it comes to regulation and security, operating out of a flexible jurisdiction and adopting international standards with independent, self-regulatory bodies. It should be noted, however, that traders looking for a broker with the strictest regulation, such as FCA regulation, will not find that option with RoboForex.


RoboForex collects its fees through spreads and commissions charged on over 9,400 assets. This broker also deploys a hybrid forex business model where it acts as a market maker on all Cent Accounts as the small trade size is below the minimum required for its straight-through processing (STP) model. In accounts where this broker acts as a market maker, it directly benefits from traders’ losses, elsewhere a bridge to the liquidity provider is used to process market orders and RoboForex receives a commission from the provider plus a portion of the spread. Overnight financing costs on leveraged positions apply, so do swap rates, and corporate actions are also passed onto traders’ accounts.

RoboForex deploys a hybrid forex execution model and is completely transparent about it:

trading advantages

Account Opening

The account types available on RoboForex include:

  • Standard Accounts
  • Pro-Standard Account

This account is available on MT4, MT5, cTrader and WebTrader platforms. 36 currency pairs, Metals, CFDs and Cryptocurrencies can be traded with this account type. Floating spreads which starts from 1.3 pips are featured with a leverage of 1:2000. Minimum deposit required to open this account type is $10.

ECN Account Types

ECN-Pro NDD Account

This type of account is available on the MT4, MT5, cTrader and Web Trader platforms. About 36 currency pairs, metals, CFDs and cryptocurrencies can be traded on this account. Floating spreads from 0 pips are featured with leverage up to 1:300. To open this account type, a minimum of $10 is required.

Prime Account

A minimum deposit of $5,000 is required to open this account type. 28 currency pairs, Metals, CFDs and Crptocurrencies can be traded on the MT4 and WebTrader platforms. Floating spreads starting from 0pips are featured. The maximum leverage is 1:100.

Cent Accounts

Pro-Cent Account

36 currency pairs and Metals can be traded on this account type. Only $10 is required as the minimum deposit to open the account. Floating spreads are available and starts from 1.3 pips with market execution of orders. The MT4, MT5 and WebTrader platforms are available to Pro-Cent account holders. The maximum leverage is 1:2000.

R Trader Account

This account is exclusively for the R trader platform. It features over 9,400 trading instruments with a maximum leverage of up to 1:200. The minimum required to open this account type is $100 and only the USD and EUR currencies are accepted. The spread starts from 0.01.

Demo Accounts

There are two demo account types: Demo Pro and Demo ECN-Pro NDD. They differ by leverage, spread and platform availability. To open an account, click on “Open an Account” button found on the menu bar. Fill the form, verify your email address and phone number. Then the desired platform can be downloaded and you can begin demo trading.

Deposit & Withdrawals options

VISA/MasterCard - (payment system) - RoboForex

Different payment methods are available on RoboForex. There are no fees charged for deposits but withdrawals attract charges depending on the method used.

  • Skrill: 6 currencies are accepted: USD, EUR, MYR, INR, AED and PLN. Deposits are processed instantly and the minimum deposit accepted is $10. For Withdrawals, a fee of 1% is charged. The processing time is from 1 minute to 1 day. The minimum amount is $0.1. Skrill is not available to clients from the European Economic Area (EEA).
  • QIWI: The only currency accepted in USD . For deposits; the range accepted is $0.3-$950 and the processing is instant. For Withdrawals; the range accepted is $1-$3800 and the processing time is 1minute-1day.
  • WebMoney: Only 2 currencies are accepted: USD and EUR. The minimum deposit is $10 and the processing is instant. The minimal withdrawal amount is $0.02 and the processing time is 1minute-1day. A withdrawal fee of 0.8% is charged
  • Fasapay: Only 2 currencies are accepted: USD and IDR. For deposits; the range accepted is $10-$20,000 and the processing is instant. For Withdrawals; the range accepted is $0.1-$20,000 and the processing time is 1minute-1day. A withdrawal fee of 0.5% is charged.
  • NETELLER: 6 currencies are accepted and it is not available for clients resident in the EEA. Deposit range is $10-$50,000 and the transfers are instantly processed. Withdrawals take from 1 minute to 1 day and a fee of 1.9% is charged. Amounts within the range of $5-$10,000 can be withdrawn at a time.
  • ePayments: Only US Dollars and Euros are accepted. Deposits are instantly processed and must be between $10 and $10,000. A withdrawal fee of 1% is charged and the processing takes from 1 minute to 1 day. The withdrawal range is $1-$10,000.
  • POLi: The only currency accepted in USD and it is used for deposits only. There are no charges and the transactions are processed instantly. The deposit amount range is $10-$1,000.
  • Visa/Master Card: The deposit and withdrawal range is $10-$20,000. The deposits are usually processed instantly or within 5 minutes. For withdrawals, processing time is between 1-10 business days. Withdrawal charges is $(2.6% + 1.3) or € (2.6% + 1) depending on the currency.
  • China UnionPay: The only acceptable currency is CNY. The processing time is instant. The deposit amount is between 100 CNY to 18,500 CNY.
  • Bank Transfers: This method takes up to 5 business days to complete. Withdrawal and deposit limits vary from currency to currency. The withdrawal charge is 1.6% of the withdrawal amount.

RoboForex trading costs

When looking at spreads it is customary to look at the EUR/USD as the typical benchmark with which to compare brokers. In this RoboForex Forex broker review, we discovered that the broker charges 1.4 pips on the standard account of which the broker receives 1.3 pips. As you can probably tell, RoboForex is very transparent in showing traders how much revenue it makes from each trade. It is also important to note that pips are floating and as such can be moved by market volatility.

RoboForex Review: Is RoboForex a Scam or Legit Forex Broker (2020 ...

Professional traders often prefer to trade with fixed spreads, so they will know their liability upfront. Remember to check out the spread of the asset you want to trade directly on the platform before trading, so you can know how many pips profit you need to bring to cover your costs.

1.4 pips for Belize based brokers seems to be quite standard and while not the most competitive, is certainly reasonable. If you are trading with the ECN accounts, the business model changes though. Rather than paying a higher spread, you will pay a lower spread along with a commission of around $15 for the trading volume of 1 million dollars. This too is slightly higher than the competition, although is not out of the realms of fairness. For index trading, the broker charges around 0.5 pips for the benchmark DAX30 and minimum commission of just $4/mio.

Education and training

The Basics of Fundamental Analysis | R Blog - RoboForex

The educational materials here are sparse, apart from the tutorials, which are created to encourage trading. The level of the educational materials is aimed at the beginner. In addition to some basic guidance articles, there is a nice trading video library that you may access once you register with this broker. Additionally, there is an in-depth FAQ section which aims to answer most of the questions traders will have. It is certainly the first port of call for queries.


There is no shortage of options when it comes to trading platforms with RoboForex, they offer a mix of all sorts of platforms, let’s take a little look at what they are.

MetaTrader 4 (MT4): MT4 is one of the standards when it comes to retail trading and for good reason, it is secure, stable, customizable and compatible with thousands of indicators and expert advisors. Available as a desktop download, an app for iOS and Android and as a WebTrader in your internet browser.

MetaTrader 5 (MT5): MT5 is the little improved brother of MT4 and is quickly becoming one of the most used platforms, similar to it’s younger brother, it is available as a desktop download, a Webtrader within your internet browser and as an app to download on iOS and Android devices. MT5 offers a fast and stable experience with unparalleled customization ability.

cTrader: cTrader is a platform that is available as a WebTrader or an app for iOS and Android devices. It is more intended for more experienced traders that are looking for execution speed and the ability to trade more unconventional instruments and assets. It comes preloaded with a number of indicators and additional timeframes to aid in your trading and analysis.

R Trader: R Trader is RoboForex’s own trading platform, it is a web-based application that you access directly within your internet browser. The main draw towards R Trader is the ability to create your strategies from within the terminal, test it and then execute it in real-time and without any programming knowledge. There are over 9,400 tradable instruments within R Trader, making it one of the platforms with the most tradable assets around.

With plenty of fantastic options to choose from, RoboFores has surpassed the majority of the competition with its offerings of platforms.

Bonuses & Promotions

There are a number of different bonuses and promotions from RoboForex and we will outline them down below for you.

30 USD Welcome Bonus: This is a bonus of 30 USD which is paid into your account as a top-up after you have signed up and verified your personal details. While this bonus is not withdrawable, any profit made from it is.

Profit Share Bonus: This is a bonus that you get from depositing, it works as extra protection for your drawdown, so if you go into drawdown, the bonus funds are used to help protect your account. No profit from this bonus is withdrawable, but any money made from your own funds is, even if the real accounts drawdown was saved via the use of the bonus funds.

Classic Bonus: This is the type of bonus you see more often, you receive a percentage of your deposit, up to 115% as bonus funds, these funds are tradable, but not withdrawable. Once you have fulfilled a certain amount of lots traded, the bonus funds are converted into withdrawable funds.

MT5 Signal Coupons: There are coupons available to get money off or free signals within MT5. Simply deposit a minimum of $300 to gain access to this bonus.

Rebates: You can receive up to 15% of the companies revenue from your trades in cash depending on how many lots you trade. A large volume of trades is needed to make this promotion valuable.

10% Extra Funds: You are able to receive up to 10% of your funds as a cash bonus if you trade enough 1 – 10 lots gets you 2.5%, 10 – 1,000 lots gets you 5% and over 1,000 lots gets you 10%. Bonus cash is awarded monthly.

Free VPS Server: In order to receive a free VPS server, you must have at least $300 in a trading account and have a monthly turnover of at least 3 standard lots.

Roboforex app

RoboForex Review -

MobileTrader is a fully-featured trading terminal, which allows you to work with MetaTrader4-based accounts. In the terminal, you can monitor Forex quotes and charts online, perform trading operations, and manage your accounts

With MobileTrader RoboForex for Android, you can:

✓ Trade more than 30 currency pairs and CFDs on real prices.

✓ Open all type of orders, including pending ones, and place Take Profit and Stop Loss levels as well.

✓ Trade on a free demo account using virtual money.

✓ View the complete information on your accounts, including open positions, history of transactions and balance operations.

✓ Control extra funds on your accounts.

Main features:

✓ Three types of charts, Android-optimized.

✓ Monitoring of quotes updates online.

✓ Viewing accounts information without additional authorization.

✓ User-friendly interface and simple switching between accounts while trading.

✓ Simple navigation: convenient search, and managing instrument, open positions, and trading history.

✓ Access to basic services, including opening new accounts, funds depositing/withdrawal etc.

✓ Two-factor authentication for safe operation with the terminal.

Download MobileTrader RoboForex for Android to your smartphone or tablet PC, and you’ll always have the Forex market in your pocket!


XM India Review
Plus500 India Review

Últimas notícias

No results found

Opções Binárias Brasil

No results found

Forex Brasil

You May Also Like