RoboForex Review

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Up to 1,000:1
Up to $30 BONUS
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RoboForex
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Overview

1.Company Information Internet trading and mass forex deals are something relevantly new. In the past, only the big financial capitals were hosts of the major financial deals. However, at the… more

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Details

BrokerRoboForex
Website URLhttp://www.roboforex.com/
HeadquartersLimassol, Cyprus
Support Number+357 25 262660 (Cyprus); +65 3158 8389 (Belize)
Support Emailinfo@robofx.com
Support TypesPhone, Live Chat, E-mail
LanguagesEnglish, Russian, Chinese, Indonesian, Malay, Thai, Portuguese, Polish, Ukrainian, Spanish, Arabic, Italian, Taiwanese, German, Lithunian
Minimum 1st DepositNo
Minimum Trade Amount0.01 lots
Maximum Trade Amount100 lots
BonusUp to $30
PayoutUp to 1,000:1
Free Demo AccountYes
Regulated Yes
RegulationCySEC; IFSC
Account TypesStandard, ECN, Cent, Affiliate
Deposit MethodsVisa, MasterCard, Skrill, Neteller, Fasapay, Bitcoin
Withdrawal MethodsVisa, MasterCard, Skrill, Neteller, Fasapay, Bitcoin
Types of AssetsForex, Metals, CFDs
Account CurrencyUSD, EUR, CNY, GOLD
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

1.Company Information

Internet trading and mass forex deals are something relevantly new. In the past, only the big financial capitals were hosts of the major financial deals. However, at the moment, anyone with a computer and a simple registration can do it. That is why it is not surprising that just for six years RoboForex became on of the leading and biggest players in the forex game. The year of foundation is 2010 and since then the company grows with every day. The experience of the international financial crisis also helps the managers to become better and established the most stable organization.

Cyprus is where the companies headquarter is. As you probably know, this is a popular destination for registering such companies thanks to the friendly legislation. All licenses which the company owns are also from the authorities in Cyprus. RoboForex holds CySEC license, IFSC license and is the member of I.C.F. And fiscal commission. As one of the major companies in the industry, the number of clients of RoboForex is continually rising.

 

2.Trading Information

The company offers several products to the customers. These are currency trading, metals trading and CFD.34 couples of currencies are offered. Also, the company allows trading with gold.

The trader offers low spreads which float but start from 0 points. Quotes are extended and go for five digits after the comma. The leverage is a maximum of 1:300. There is also minimum and maximum order volume starting from 0.01 and reaches up to 50. The percent of the clear margin is also quite impressive, and it may reach 20%. However, despite all of these great options and alternatives which can make the difference when a potential client makes a decision, there are no instruments which to offer zero spread.

One of the most impressive things about the company is the commission which reaches 20 USD for even 1 million USD. Considering the rest of the offers in the branch, this company offers one of the best, which of course is easy to see.

Another type of trading offered is the binary options trading.

 

3.Trading Platforms

Unlike many trading companies in this business who are quite conservative, RoboForex, as their name suggests, are very open-minded. They offer very wide range of platforms for people on the move or with different preferences. The overall number of platforms is 12. It includes the popular MetaTrader 4 and 5, WebTrader Roboforex which is a system allowing people to make deals using their MetaTrader4 account without installing any additional software and with a few clicks.

The next interesting tool for trading which the company offers is the MultiTerminal. It is a platform which allows for multiple accounts to be controlled. It can be helpful to managers in a trading enterprises or traders working on multiple accounts.

Strader is another platform used by the enterprise. It’s with the base on NDD and allows no delays and perfect order for clients orders.

Strader Mobile – Basically is it cTrader but it requires installation and allows for usage of mobile devices.

Strader Application – one more alternative platform which allows mobile trading. It can be utilized both for IOS and Android devices and features fully functional ECN platform.

Strader Web – it’s a cTrader terminal designed and programmed to use in the browser. It is operating on Windows, IOS or Linux.

Specially designed terminal for Android called Android Trade and similar platform for IOS called iPhone/iPad Trader are another of the many options.

The last two options for any client of the company are the MetaTrader4 and 5 for Linux.

 

4.Security And Customer Service

 

In this industry security means everything. Especially in companies of that size where trading goes by the millions. Therefore, it is of a great significance how secure each client feels. RoboForex recognizes two types of security – fund and technological security.

Technologies – The company uses SSL to protect the website and the users.

Personal information the company shares only with other businesses inside the group but they do not transfer data to third parties. Local authorities and Government bodies can ask for information and such are given to them only, after all, the required documentation is present.

 

Financial security is the second part of the equation. The company has three necessary steps to achieve positive results here. Segregated accounts for clients; funds and company’s money. Investor compensation fund is the second important aspect here. It guarantees up to 20 000 Euros. The next big thing is the cooperation with big financial institutions like Barclays, which ensures low credit risk. The regulation by CyCES also delivers extra security to the customers. The last thing is the policy of compensations which does not allow negative balances.

 

High standards of customer service, however, do not stop here. The website supports 15 different languages. Eight different languages are available for customer support. Clients can use phone, forums, chat or email to contact company’s representatives.

 

 

  1. Deposit & Withdraws

Being big and well-established name in the business RoboForex work with the most popular payment methods like Visa and Master Card, which allow USD and EUR deposits to be without fee and can go from $10 up to $20000. As an addition, there are four gateways in this case – Pasta Banka, SafeCharge, Skrill, and CardPay.

The other deposit method is Skrill which allows USD and EUR deposits; there is no fee for deposit just the %one fee for withdraw and deposits can start from $10 where withdraws can begin from $0.1.

 

FasaPay is the next deposit method where USD and IDR currencies go into use. There is no deposit fee but %0.5 remove fee. Deposits start from 10 and climb to 5000 USD. The minimum amount to withdraw is 0.1USD.

Mettler uses USD and EUR. There is no fee for deposit; there is the %1.9 fee for withdraw. Deposits can go up to 50 000. Removes start from 5 and go up to 10 000 USD.

Another way to make a deposit or withdraw money is by bank transfer, and there are many ways to do that in different countries. There are Bank Transfer, Fast Bank Transfer, Lobanet, POLi, Neosurf for Italy, Belgium, France and Spain, iDEAL for Netherlands, Multibanco for Portugal. Teleingreso is the service provider for Spain. Giropay is the company in Germany and Sofort is for Germany, Austria and France.

Electronic payments are the next alternative. There are Webmoney, Skrill, Fasapay, Neteller, CashU, QIWI Wallet, AstroPay, Paysafecard, Boleto, Todito Cash, DineroMail, Euteller, and Alipay.

The last method is the bank cards. There are VISA and MasterCard, Payoneer and China UnionPay.

 

  1. Deposit Bonus And Loyalty Programs

A Huge number of gifts are available with RoboForex. $30 Welcome Bonus is the first of them. There is up to %115 deposit bonus. A tradable bonus of up to %20 – this gift clients can use during “drawdowns”.

1:1000 Leverage is at clients disposal. Up to 20% on available funds bonus is the following way to gain money. There is the special way the company treats VIP customers and Verified clients as well. The lack of commission for deposit is also worth mentioning. Rebates services are not a bonus but also help clients. Similar services are free of charge VPS server, funds auto withdraw and the welcome bonus 3.0.

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