Roboforex is a Forex broker that has been active for more than 10 years. Over that time, it has expanded to serve clients in 193 countries and gives access to thousands of markets. Traders can use popular platforms like Roboforex MetaTrader 4, MetaTrader 5, and other tools.
This Roboforex Broker Review covers the main points you need before opening an account.
Pros and Cons
Pros
- Works for both new traders and more experienced users
- Offers access to more than 12,000 markets
- Supports many payment methods
- Uses well-known trading platforms
- Has competitive fees
- Provides a multi-language interface
- Is regulated by the FSC
- Offers customer support around the clock
Cons
- Does not have FCA licensing
- Does not accept clients from the US or Canada
- Does not offer a fixed-spread account
- The choice of trading instruments is fairly limited
Main Features
Roboforex includes several useful trading tools and options:
- Hedging and scalping
- One-click trading
- Algo trading strategies
- Negative balance protection
- Advanced chart tools and market analysis
- Order types such as Stop Loss, Trailing Stop, and Take Profit
- Demo account with virtual funds
- Educational materials, courses, and seminars
You can also use the Roboforex mobile trader app to follow the markets on the go. It lets you check open positions, account balance, trading history, and other account details.
Account Types
Roboforex offers five account types. Each one fits a different kind of trader.
| Account Type | Best For | Trading Assets | Spread | Max Leverage | Stop Out | Deposit Bonuses |
|---|---|---|---|---|---|---|
| Prime | Advanced, company-focused use | 25+ currency pairs, metals, CFDs | From 0 pips | 1:300 | 100% | No |
| ECN | Professional individual traders | 35+ currency pairs, metals, CFDs | From 0 pips | 1:500 | 40% | No |
| R Trader | Traders with some experience | More than 12,000 instruments, including indices, stocks, Forex, ETFs, CFDs | From 0.01 EUR | 1:300 | 20% | No |
| Pro-Cent | Beginners and experienced traders | 35+ currency pairs, metals | From 1.3 pips | 1:2000 | 10% | Yes |
| Pro-Standard | Best for beginners | 35+ currency pairs, metals, CFDs | From 1.3 pips | 1:2000 | 20% | Yes |
Fees
Roboforex does not charge deposit fees, and inactive accounts do not come with extra charges. Withdrawal fees depend on the payment method.
| Withdrawal Method | Currency | Fee | Limit |
|---|---|---|---|
| Debit or credit cards | USD, EUR, GBP, CHF, PLN, CZK | 2.6% + 1 EUR | 10,000 USD |
| Bank transfers (SEPA) | EUR | 1.5% | 500 to 50,000 EUR |
| Local bank transfers | MYR, IDR, THB, VND | Up to 4% | 70 to 49,000 MYR, 300,000 to 90,000,000 IDR, 650 to 490,000 THB, 300,000 to 280,000,000 VND |
| Skrill | USD, EUR | 1% | 0.1 to 100,000 USD |
| Neteller | USD, EUR, MYR, IDR, AED, PLN | 1% | 5 to 10,000 USD |
| Payz | USD, EUR | 2 EUR | 10 to 100,000 USD, depending on account level |
Trading commissions are also part of the cost structure:
- Forex, 15 USD per 1 million of base currency
- Stocks, ETFs, and commodities, 0.0045 to 0.015 USD per share, with a minimum of 0.25 to 1.5 USD
Bonuses and Promotions
Roboforex offers a 30 USD welcome bonus. To qualify, you need to open a cent or standard account, complete verification, and make an initial deposit of at least 10 USD.
The broker also offers several other promotions:
- Classic bonus of up to 120% on the first deposit and later deposits
- Profit Share Bonus of up to 60% for drawdown protection
- Up to 10% extra profit on account balance
- Free withdrawal on the first and third Tuesday
- Sponsored VPS for MT5 with a deposit of 5,600 USD or more
RoboForex Broker Trading Platforms
| Platform | Best For | Main Features |
|---|---|---|
| WebTrader Roboforex | Beginners who want an easy entry point | Works with all MT4 account types, has 13 technical indicators, one-click trading, trading history, open position display, online quote monitoring, and a chart control panel |
| Roboforex MetaTrader 5 | Traders who want deeper price analysis | Market depth, four order execution types, 30 technical indicators, six pending order types, multi-currency tester |
| Roboforex MT4 | Retail traders and professional fund managers | Popular Forex platform, basic chart tools, three order execution types, custom trading robot setup, 50 ready-to-use indicators |
Reliability and Regulation
Roboforex uses Tier 1 banks for fund processing, which adds a layer of stability to transactions.
The broker is licensed by the FSC under license number 000138/437 and registration number 128.572. Its listed address is 2118 Guava Street, Belama Phase 1, Belize City, Belize. Some traders prefer brokers with local licenses from larger regulators, while others are comfortable with offshore supervision. That choice depends on your own risk tolerance.
Trading always carries risk. Losses are possible, so it makes sense to study strategies and market basics before you start.
FAQ
What is the minimum deposit and withdrawal on RoboForex?
For most payment methods, including bank transfers, VISA, JCB, MasterCard, ecoPayz, and Western Union, the minimum deposit and withdrawal amount is 10 EUR.
Some methods have different limits. For example, SEPA bank transfers allow deposits from 500 to 100,000 EUR and withdrawals from 500 to 50,000 EUR. Check the rules for your chosen payment method before you move funds.
How do you open an account on the Roboforex website?
Go to the Roboforex homepage and select “Open an account”.
Then enter your basic details in the Members Area, such as your name, email, and phone number. After that, follow the steps shown on the screen. The process is quick and simple.
For legal entity accounts and demo accounts, use the account opening section on the broker’s site.
How is swap calculated?
Roboforex calculates swap based on the interest rate difference between the base and quote currencies, using rates from its market makers. Swap applies when a position stays open overnight. It can be a cost or a credit, depending on the trade.
How can I contact Roboforex support?
Roboforex offers several support channels, including live chat, email, and messaging apps such as Facebook, Telegram, Viber, Skype, WhatsApp, and Line. Live chat is usually the fastest way to get help.
Final Thoughts
Roboforex gives traders a wide platform choice, several account types, and a long list of payment methods. It also offers bonuses, demo access, and tools for both beginners and active traders. If you want a broker with flexible account options and a large market selection, this Roboforex Broker Review gives you a solid place to start.
