roboforex review by forexreviewarchive

RoboForex Review 2017

RoboForex is one of the best and fastest growing broker in online trading industry. They are renowned and trusted for their awesome customer service, user friendly platforms, wide range of products and services. RoboForex founded in 2009 but officially they are on service from 2010. 12 times award winning broker. In 2016 RoboForex was awarded in the category “The best ECN broker” according to IAFT Awards 2016, organized by the International Association of Forex Traders.

RoboForex Ltd is an international ECN/STP Forex broker, a member of RoboForex group. RoboForex Ltd is regulated by the IFSC Belize under the license No. IFSC/60/271/TS/17. IFSC Belize (International Financial Services Commission Belize) is a Belizean regulator of the financial services market of the international level. The activity of IFSC is regulated by the Ministry of Belize Securities and International Financial Services Commission Act (IFSC Act).

But, you are interested to sign up and trader under CySEC authorized broker, then you have to sign up from http://www.roboforex.eu domain site other than http://www.roboforex.com domain. Though both are property of RoboForex group. But roboforex.com is registered and licensed from the Ministry of Belize Securities and International Financial Services Commission but not from Cyprus Securities and Exchange Commission (CySEC). RoboForex (CY) Ltd is regulated by the CySEC, under license No: 191/13.

RoboForex does not provide any kind of financial services to residents of Belgium, Canada, the USA, and Japan.

Warning: RoboForex has dealing desk to take care of all cent accounts, which means they are a market making broker. But except cent accounts rest of accounts are true ECN and STP account. Good thing is there is no deposit limit. You can open any type of account with 0 balance.

RoboForex Trading Platforms Comparison

As an award-winning broker, RoboForex is committed to provide best trading solution and online trading environment for their trader. As an international broker, RoboForex offers wide range of powerful and user-friendly trading platforms to access the Forex market. These platforms include:

  • MetaTrader 4
  • MetaTrader5
  • cTrader
  • WebTrader
  • MultiTerminal
  • Mobile Forex

MetaTrader 4 (MT4)

MetaTrader4 is one of the most popular trading platforms among traders. This platform has a user-friendly interface, contains a lot of different tools for trading and market analysis, and provides opportunities to create new trading robots or the use existing ones.

Benefits of RoboForex MT4 Platform

  • 3 types of order execution
  • Variety of order types
  • 9 time frames for trading
  • 50 integrated indicators for technical analysis
  • Free base of experts for automation of analytical procedure.
  • Receiving signals about system and trading events
  • Create your own indicator
  • Follow the news from of the financial markets
  • Create trading robots on the basis of MQL
  • MetaTrader4 platform allows you to control all details of your trading operations
  • Add robots and indicators from MetaTrader Market directly in the platform

MetaTrader5 (MT5)

MT5 is modern and a great development of meta-quotes corporation. Through their impressive development they have included almost all next generation facilities in one place. An “All in One” trading platform like the MT4 but it is more powerful than the MT4 trading platform. Thanks to the new MQL5 Integrated Development Environment, the programing language it includes has a high executions speed and helps to create trading systems with a large number of calculations.

What are the advantages of MT5

  • 4 types of order execution
  • multi-currency tester
  • 6 types of pending orders
  • virtual hosting
  • data on real time and volume of sales
  • 38 technical indicators
  • 44 graphic objects
  • 21 timeframes
  • realtime economic calendar
  • integrated electronic mail
  • funds transfer between accounts
  • built-in mql5 chat
  • netting
  • hedging
  • 4 execution modes

cTrader

cTrader trading platform is a unique tool for both beginners and professional traders. cTrader trading platform provides direct STP-access to international currency markets, which means that there are no dealers, re-quotes, or any delays in order execution, and guarantees instant execution of your orders.

Advance Features of cTrader

  • fast order execution (about 1 second)
  • rare types of orders (for example, market range
  • one-click trading
  • market depth – level2 (level ii pricing)
  • creating your own indicators
  • trade from the charts
  • web interface
  • mobile trading
  • multiwindowing
  • 6 pending orders
  • 54 technical indicators
  • 14 timeframes
  • reverse positions with one click
  • double position with one click
  • close all positions with one click

WebTrader

The WebTrader is a web based trading platform, customized or all RoboForex traders. Web Trader is compatible with any browser, great benefit is you do not have to download and install this platform like MT4 or MT5 in your PC or Tab. RoboForex WebTrader is a fully functional online trading terminal, which allows you to trade in any browser from anywhere in the world, where there is an Internet connection. We’ve included all necessary tools into the platform:

Features Included with RoboForex Web Trader:

  • 3 types of charts
  • 13 indicators
  • 9 graphic analysis tools
  • 9 timeframes
  • monitoring of quotes online updates
  • positions and orders are displayed on charts

Benefits

  • You can read analytics and the Company’s news
  • You can receive information about extra funds on the account
  • You can deposit funds to your accounts quickly
  • You can switch between your trading accounts on fly

Multi Terminal MT4 for managing your accounts

MetaTrader4 MultiTerminal – is a tool that can help you to manage your trading operations from Members Area more efficiently. RoboForex MultiTerminal allows you to work with a lot of accounts on the same trading server. By pressing the button, you can send the order to several accounts at the same time, and MultiTerminal will automatically distribute the volume of the orders based on the current profit, balance and available funds on each account.

Distinctive features of RoboForex MultiTerminal:

  • Up to 128 real accounts and up to 10 demo accounts at the same time.
  • Opening positions on several accounts with a single click.
  • 5 ways of distributing the order volume between accounts when placing new orders.
  • Internal reports system for completed transactions.

Mobile Forex

Compatible with iPhone OS, Android OS, Windows Mobile OS and Symbian OS, the Mobile Forex trading platform allows traders to manage their trading accounts on their mobile devices. You can open trade, close trade, use basic technical analysis tool on you mobile trading platform. Great benefit is, where ever you are, whatever you doing, if you are connected with internet on your phone you are able to check and trade with roboforex using roboforex mobile trading platforms.

RoboForex Account Types and features comparison

RoboForex offers 9 types of trading account for their traders. They have divided accounts into 2 different categories.

  1. NDD Trading Account.
  2. Dealing Desk Trading Account.

They have 7 Trading account under true ECN/STP NDD account types for fresher to expert trader. 2 trading accounts under dealing desk category.

Non-Dealing Desk Trading Account

ECN-Pro NDD:

Trading platforms and terminalsMetaTrader4

MetaTrader5

cTrader

WebTrader

iPhoneTrader

Android Trader

cTrader Web

Account currencyUSD, EUR, CNY, GOLD
Minimum depositNo
Minimum margin for transaction3.33
(units of the base currency)
Commission for 1 million USD

of trading volume

20 USD
Execution typeMarket Execution
Spreadfloating from 0 points
Quotesextended (5 digits after comma)
Maximum leverage1:300
Minimum order volume (lots)0.01
Maximum order volume (lots)50
Maximum number of positionsno limitations
Minimum step volume0.01
Margin Call60%
Stop Out40%
“Rebates (Cashback)” serviceup to 15% of commission
Tradable ProtectionNo
Classic deposit bonusNo
Percents on account balanceup to 10%
Free withdrawal of fundsYes
Swap-Free accountNo
One-Click TradingYes
Trading instruments36 currency pairs, Metals, CFD
Account history is storedfor 1 year

ECN-Fix NDD:

Trading platforms and terminalsMetaTrader4

WebTrader

iPhoneTrader

Android Trader

Account currencyUSD, EUR, CNY, GOLD
Minimum depositNo
Minimum margin for transaction

(units of the base currency)

3.33
Commission for 1 million USD

of trading volume

No
Execution typeMarket Execution
Spreadfixed from 1.6 points
Quotesextended (5 digits after comma)
Maximum leverage1:300
Minimum order volume (lots)0.01
Maximum order volume (lots)50
Maximum number of positionsno limitations
Minimum step volume0.01
Margin Call60%
Stop Out40%
“Rebates (Cashback)” serviceup to 15% of spread
Tradable ProtectionNo
Classic deposit bonusNo
Percents on account balanceup to 10%
Free withdrawal of fundsYes
Swap-Free accountNo
One-Click TradingYes
Trading instruments13 currency pairs, Metals
Account history is storedfor 1 year

Pro-Standard

Trading platforms and terminalsMetaTrader4

MetaTrader5

cTrader

WebTrader

iPhoneTrader

Android Trader

cTrader Web

Account currencyUSD, EUR, CNY, GOLD
Minimum depositNo
Minimum margin for transaction

(units of the base currency)

1
Commission for 1 million USD

of trading volume

No
Execution typeMarket Execution
Spreadfloating from 1.3 points
Quotesextended (5 digits after comma)
Maximum leverage1:1000
Minimum order volume (lots)0.01
Maximum order volume (lots)100
Maximum number of positionsno limitations
Minimum step volume0.01
Margin Call50%
Stop Out20%
“Rebates (Cashback)” serviceup to 15% of spread
Tradable Protectionup to 50%
Percents on account balanceup to 10%
Free withdrawal of fundsYes
Swap-Free accountYes
One-Click TradingYes
Trading instruments36 currency pairs, Metals, CFD
Account history is storedfor 1 year

Fix-Standard

Trading platforms and terminalsMetaTrader4

WebTrader

iPhoneTrader

Android Trader

Account currencyUSD, EUR, CNY, GOLD
Minimum depositNo
Minimum margin for transaction

(units of the base currency)

1
Commission for 1 million USD

of trading volume

No
Execution typeInstant Execution
Spreadfixed from 2 points
Quotesbasic (4 digits after comma)
Maximum leverage1:1000
Minimum order volume (lots)0.01
Maximum order volume (lots)100
Maximum number of positionsno limitations
Minimum step volume0.01
Margin Call50%
Stop Out20%
“Rebates (Cashback)” serviceup to 15% of spread
Tradable Protectionup to 50%
Percents on account balanceup to 10%
Free withdrawal of fundsYes
Swap-Free accountYes
One-Click TradingYes
Trading instruments33 currency pairs, Metals
Account history is storedfor 1 year

Fix-Affiliate

Trading platforms and terminalsMetaTrader4

WebTrader

iPhoneTrader

Android Trader

Account currencyUSD, EUR, CNY, GOLD
Minimum depositNo
Minimum margin for transaction

(units of the base currency)

1
Commission for 1 million USD

of trading volume

No
Execution typeInstant Execution
Spreadfixed from 3 points
Quotesbasic (4 digits after comma)
Maximum leverage1:1000
Minimum order volume (lots)0.01
Maximum order volume (lots)100
Maximum number of positionsno limitations
Minimum step volume0.01
Margin Call50%
Stop Out20%
“Rebates (Cashback)” serviceup to 15% of spread
Tradable Protectionup to 50%
Classic deposit bonusup to 115%
Percents on account balanceup to 10%
Free withdrawal of fundsYes
Swap-Free accountYes
One-Click TradingYes
Trading instruments28 currency pairs, Metals
Account history is storedfor 1 year

Pro-Affiliate

Trading platforms and terminalsMetaTrader4

WebTrader

iPhoneTrader

Android Trader

Account currencyUSD, EUR, CNY, GOLD
Minimum depositNo
Minimum margin for transaction

(units of the base currency)

1
Commission for 1 million USD

of trading volume

No
Execution typeMarket Execution
Spreadfloating from 2.4 points
QuotesExtended (5 digits after comma)
Maximum leverage1:1000
Minimum order volume (lots)0.01
Maximum order volume (lots)100
Maximum number of positionsno limitations
Minimum step volume0.01
Margin Call50%
Stop Out20%
“Rebates (Cashback)” serviceup to 15% of spread
Tradable Protectionup to 50%
Classic deposit bonusup to 115%
Percents on account balanceup to 10%
Free withdrawal of fundsYes
Swap-Free accountYes
One-Click TradingYes
Trading instruments28 currency pairs, Metals
Account history is storedfor 1 year

ECN-Pro Affiliate

Trading platforms and terminalsMetaTrader4

WebTrader

iPhoneTrader

Android Trader

Account currencyUSD, EUR, CNY, GOLD
Minimum depositNo
Minimum margin for transaction3.33
Commission for 1 million USD

of trading volume

60 USD
Execution typeMarket Execution
Spreadfloating from 0 points
QuotesExtended (5 digits after comma)
Maximum leverage1:300
Minimum order volume (lots)0.01
Maximum order volume (lots)50
Maximum number of positionsno limitations
Minimum step volume0.01
Margin Call60%
Stop Out40%
“Rebates (Cashback)” serviceup to 15% of commission
Tradable ProtectionNo
Classic deposit bonusNo
Percents on account balanceup to 10%
Free withdrawal of fundsYes
Swap-Free accountNo
One-Click TradingYes
Trading instruments36 currency pairs, Metals
Account history is storedfor 1 year

Dealing Desk Trading Account

Fix-Cent

Trading platforms and terminalsMetaTrader4

WebTrader

iPhoneTrader

Android Trader

Account currencyUSD, EUR, CNY, GOLD
Minimum depositNo
Minimum margin for transaction

(units of the base currency)

0.01
Commission for 1 million USD

of trading volume

No
Execution typeInstant Execution
Spreadfixed from 2 points
Quotesbasic (4 digits after comma)
Maximum leverage1:1000
Minimum order volume (lots)0.01
Maximum order volume (lots)100
Maximum number of positions200
Minimum step volume0.01
Margin Call40%
Stop Out10%
“Rebates (Cashback)” serviceup to 1.5% of spread
Tradable Protectionup to 50%
Percents on account balanceup to 10%
Free withdrawal of fundsYes
Swap-Free accountYes
One-Click TradingYes
Trading instruments33 currency pairs, Metals
Account history is storedfor 1 month

Pro-Cent

Trading platforms and terminalsMetaTrader4

MetaTrader5

WebTrader

iPhoneTrader

Android Trader

Account currencyUSD, EUR, CNY, GOLD
Minimum depositNo
Minimum margin for transaction0.1
Commission for 1 million USDNo
Execution typeMarket Execution
Spreadfloating from 1.3 points
Quotesextended (5 digits after comma)
Maximum leverage1:1000
Minimum order volume (lots)0.1
Maximum order volume (lots)100
Maximum number of positions200
Minimum step volume0.01
Margin Call40%
Stop Out10%
“Rebates (Cashback)” serviceup to 1.5% of spread
Tradable Protectionup to 50%
Percents on account balanceup to 10%
Free withdrawal of fundsYes
Swap-Free accountYes
One-Click TradingYes
Trading instruments36 currency pairs, Metals
Account history is storedfor 1 month

Each type of trading account has its own features, benefits and limitations.

How to open an account with RoboForex

  1. Login to your Members area and go to “Open a Trading account” section.
  2. Choose the account type, “Real” or “Demo”, and then specify the type of the trading platform.
  3. If you plan to trade through MetaTrder5 with the locking option, choose “Yes” in the Hedge system menu. Otherwise, the account will be opened with the Netting system.
  4. Specify all other parameters and click “Confirm”.
  5. Contact RoboForex Customer Support via live chat/ Phone/ Email for further verification and account confirmation.

RoboForex Partnerships Program

RoboForex offers 4 different types of partnership program. Each partnership program has their own unique benefits and earning opportunities for beginner to expert level partners. RoboForex will always help you with all kind of marketing, advertising, designing and promoting techniques and tools. For your affiliate business development, they will provide all tools, banner and customers support for your clients.

RoboForex Partnership programs are:

  • Webmaster
  • Agent
  • Regional Representative Office
  • White Label

Webmaster

As a webmaster and website owner you have a great opportunity to earn and receive a high affiliate commission. If you have your own website, which is intended for users interested in finance, investments and internet trading, then this affiliate program is the most suitable solution for you. You will receive affiliate commission by redirecting users from your website to RoboForex’s website. More over RoboForex offers multilevel affiliate earning options for webmasters. you have to start with 20% commission to up to 40% commission from spreads. Well, to receive your affiliate commission, you must have a minimum of 3 active clients.

RoboForex Agent

To start working as an Agent, you have to open an affiliate account in your Members Area or register as a Partner. “Agent” or “IB” affiliate program has been designed for both individuals and companies. You do not have to have any initial investments or deep knowledge about Forex Market. You do not even need any website or blog. If you have it is good. All you have to do is to recommend clients to RoboForex personally or find them via social networks, message boards, or web blogs, forums and receive affiliate commission for all transaction made by your clients. You can earn up to 20% commission.

Regional Representative

Regional representative affiliate program is for experienced agents or affiliate partners who has years of experience in the same field and strong client base.

Regional representative is required to be/have:

  • A registered legal entity
  • An office
  • staff
  • Experience in similar field

The opportunities they are ready to offer you:

  • Right to use the RoboForex brand.
  • Well-proven business dealing strategy.
  • Professional online support and consulting provided by our managers.
  • Assistance in organizing educational events.
  • Flexible business terms and conditions.
  • Access to complete affiliate statistics in Members Area and MetaTrader Manager.
  • Financial and legal independence.
  • Opportunity to create own affiliate network.
  • 24/7 customer support/consulting

White label

“White Label” affiliate program helps you to develop own business and build your brand in the area of online trading on the Forex market. This program is intended for banks, investment and brokerage companies, and other financial organizations, which already have their own client base and would like to expand the list of their services.

Bonus & Promotions from RoboForex

  • welcome 30 usd
  • tradable protection up to 50% for the first deposit only
  • RoboForex “rebates (up to 15% cashback)”
  • up to 10% bonus on account balance
  • free vps-server for forex traders
  • forex demo contests
    • Week with CFD» contest
    • KingSize MT5» contest
    • The “Trade Day” contest
    • Monthly Demo Forex contest

Reliability

First appearing on the Forex scene in 2010, RoboForex was recently named as the “Fastest Growing ECN Broker” in Eastern Europe for 2012 by an independent British online magazine called “Global Banking & Finance Review”. In 2016 RoboForex was awarded for the best ECN Broker service. the rapid growth of the company was largely attributed to the company’s active development and deployment of ECN technologies. Being New Zealand based, RoboForex is registered with the New Zealand Financial Service Providers Register (FSPR) under the registration number FSP246525. Although New Zealand is regarded as developed nation, it is not exactly known as a developed financial industry. Hence, many newcomers to Forex trading are naturally curious as to the reliability of a broker like RoboForex who operates from New Zealand.

Operational History Of Roboforex

Despite being quite a new player in the online Forex industry, RoboForex has even managed to bag an award from the prestigious World Finance Magazine this year as the “Best Execution Broker, Eastern Europe”. This award itself can be said to be a testament to the reliability of RoboForex. Nevertheless, if we pay attention to how RoboForex has focused on the needs (Confidentiality, Transparency and Accessibility) of their clients, we can understand how they won the trust of their customers within a few short years.

Mindful of their unblemished reputation, RoboForex is very particular about maintaining a positive perception about their reliability. Hence, the broker takes considerable efforts to ensure that their clients’ money is safe. Measures adopted to ensure the security of their clients’ money include:

  • Transmission of internet traffic encrypted with 256-bit AES algorithm
  • Verification with SSL-certificate from VeriSign
  • SMS verification for withdrawal of funds
  • Two-step Authentication verification for login
  • Confirmation code via email for the updating of critical operations performed on the client’s “Live Account”.

In addition to the above mentioned, RoboForex plans to add additional security measures in the near future such as “Fixed Wire Transfer Information”. With this measure, traders can only transfer funds only to accounts that were specified by the traders beforehand.

Lastly I wanna say, yes I can rely on RoboForex to start online trading.

Customer Support and Registered Office

As part of the support service toward their clients, RoboForex featured their website in five (5) other major languages apart from English. These include:

  • Chinese
  • Indonesian
  • Portuguese
  • Russian
  • Spanish

Unlike most brokers who want to reduce their operational costs, RoboForex customer support team is always willing to serve and they are available 24/7. They can be contacted at:

RoboForex Ltd, Belmopan, Belize

  • Business address: 176, Joo Chiat Road, #02-02, 427447, Singapore
  • Legal address: 1 Orchid Garden Street, Belmopan, Belize
  • Tel: +65 3158 8389
  • E-mail: [email protected] (General questions)
  • E-mail partnership: [email protected] (Sales Department)
  • E-mail: [email protected] (Marketing Team)
  • Skype partnership:affiliate
  • Website: http://www.roboforex.com/

RoboForex (CY) Ltd Headquarters in Limassol, Cyprus

  • Business address: Soboh House 377, 28th October Street, office #1, CY-3107 Limassol, Cyprus
  • Legal address: 4 Modestou Panteli, office 005, Mesa Geitonia, PC 4003, Limassol, Cyprus
  • O. Box: 54176, CY-3721 Limassol, Cyprus
  • Phone: +357 25 030929
  • Fax: +357 25 580077
  • E-mail: [email protected]
  • Opening hours: 09:00 – 18:00 (UTC+2)
  • Registration number: HE310464
  • Tax Identification Number: 12310464I
  • Website: http://www.roboforex.eu

Deposit & Withdrawal

At present, RoboForex support all the following methods of fund transfer for their clients:

  • CashU
  • Debit /Credit Cards
  • Liberty
  • LiqPAY
  • Moneybookers
  • Payoneer
  • Webmoney

Pros

  • 24/7 Customer Support.
  • A Member Of Financial Services Complaints Ltd.
  • Access To 200+ Trading Tools.
  • Can Choose Between Floating And Fixed Spreads.
  • Good Choices Of Powerful Trading Platforms.
  • High Leverage.
  • Provide Good Security Measures.
  • Support ECN Trading.
  • Trading Accounts For Different Experience Levels.
  • Good Bonus Package.
  • Pay 4% to 5% annual interest on your idle funds

Cons

  • RoboForex does not provide any kind of financial services to residents of Belgium, Canada, the USA, and Japan.
  • The minimum 2 point spreads for Fix-Cent accounts and Fix-Standard accounts seems a bit high for beginners.
  • They are Market Maker for all cent accounts.

Conclusion

After a thorough review, RoboForex have shown to be an outstanding broker. We know that since the inception of the company, RoboForex’s main focus has always been their clients. Hence, it is not to find that they were named “Best Execution Broker, Eastern Europe” by the committee of the Exchanges & Brokers Awards 2013. With their high standard of service and technological innovations, newcomers will do well to select them as their broker.

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