RoboForex review

Spread from

0.0 pips

EUR/USD spread

Approx. 0.2 pips, ECN/Prime

GBP/USD spread

Approx. 0.4 pips, ECN/Prime

Commission

Approx. $4 round turn ECN; approx. $2 round turn Prime

All-in cost, EUR/USD

Approx. 0.6 pips, ECN

Spread type

Variable

Overnight swap

Both: overnight swaps may be charged or credited; Swap-Free available

Deposit fee

0% internally

Withdrawal fee

Method-dependent; free withdrawals available 3 Tuesdays per month

Currency conversion

Conversion at RoboForex internal exchange rate

Cost is where brokers in the same regulatory bracket actually differ.

A quoted spread from 0.0 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

RoboForex lists a minimum deposit of $10. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Markets

Forex, Stocks, Stock CFDs, Indices, ETFs, Commodities, Energies, Metals, Cryptocurrencies, Futures CFDs

Currency pairs

28+

Total instruments

12,000+

Crypto CFDs

Yes

Maximum leverage

1:2000

Execution model

Market execution / ECN on ECN and Prime accounts

Execution speed

Approx. 100ms

Order types

Market, limit, stop, stop-loss, take-profit, trailing stop and MetaTrader pending orders

Servers

Global low-latency trading infrastructure

Leverage up to 1:2000 is available on this entity. High leverage does not increase your expected return - it increases position size for the same deposit, and shortens the move needed to close you out.

RoboForex covers forex, stocks, stock cfds, indices, etfs, commodities, energies, metals, cryptocurrencies, futures cfds. A wider range matters less than depth in the instruments you actually trade.

Funding options: bank cards, bank transfer, electronic payment systems and regional payment methods. Check withdrawal routes as well as deposit ones - they are often not the same, and the difference only becomes apparent when you try to take money out.

Platforms

MetaTrader 4, MetaTrader 5, R StocksTrader, R WebTrader, R MobileTrader

Own platform

Yes, R StocksTrader

Mobile app

Both proprietary and third-party

Browser trading

Yes

Automated trading

Yes, MT4/MT5 Expert Advisors and algorithmic trading

Copy trading

Yes

Indicators

30+ MT4, 38+ MT5, proprietary R StocksTrader indicators and custom indicators

Third-party tools

MetaTrader 4, MetaTrader 5, VPS

API access

Yes, R StocksTrader API

MetaTrader 4 remains the most widely supported platform for expert advisors. If you rely on an existing EA, this is usually the deciding factor.

MetaTrader 5 handles more asset classes and order types than MT4, but expert advisors are not compatible between the two - an MT4 EA will not run on it.

Regulated by

Financial Services Commission of Belize (FSC), licence 9759600

Regulator tier

Tier 3

Register entry

Belize FSC register, licence 9759600

Client money segregated

Yes

Held at

Regulated banking institutions; specific bank not publicly disclosed

Negative balance protection

Yes

Compensation scheme

Financial Commission Compensation Fund, up to €20,000 per eligible complaint

Audited by

Independent external auditors

Not available to

USA, Canada, Japan, Australia, Bonaire, Brazil, Curacao, East Timor, Indonesia, Iran, Liberia, Saipan, Russia, Sint Eustatius, Tahiti, Turkey, Guinea-Bissau, Micronesia, Northern Mariana Islands, Svalbard and Jan Mayen, South Sudan, Ukraine, Belarus and other restricted jurisdictions

Across a hundred brokers, the licence is what separates the field fastest.

RoboForex's licence is offshore (FSC). Offshore entities typically offer higher leverage and lighter reporting, and compensation schemes do not apply - the trade-off is protection, not price.

An FSC licence (Mauritius or Belize, depending on the entity) is an offshore authorisation with lighter reporting duties than a tier-one regulator.

Client money is held separately from the firm's own money, at Regulated banking institutions; specific bank not publicly disclosed. That separation is what makes your balance recoverable if the company fails, rather than part of the pool its creditors divide up.

Negative balance protection applies, so a losing position cannot take the account below zero and leave you owing the broker money.

Covered by Financial Commission Compensation Fund, up to €20,000 per eligible complaint, which pays eligible clients up to its limit if the firm fails owing client money.

Minimum deposit

$10

Account types

Pro, ProCent, ECN, Prime, R StocksTrader, Swap-Free, Demo

Account currencies

USD, EUR, GOLD, additional national-currency functionality available on selected MT5 accounts

Islamic account

Yes, Swap-Free

Demo account

Yes

Professional account

Yes, Prime

Minimum trade size

0.01 lots

Time to open

Typically a few minutes; verification up to 2 business days

RoboForex runs 7 account types. More choice is not automatically better: the tightest headline spread almost always sits on the account that also charges a commission, so the comparison that matters is the two added together.

Base currencies: USD, EUR, GOLD, additional national-currency functionality available on selected MT5 accounts. Holding the account in the currency you fund it with avoids a conversion charge on every deposit and withdrawal - a cost that never shows up in a spread comparison.

The smallest position is 0.01 lots. For anyone starting carefully this matters more than the minimum deposit, because it sets the least you can put at risk on a single trade.

A demo account is available. Worth using for the platform rather than the results: fills are simulated, so it tells you how the software behaves but very little about execution.

Deposit methods

Bank cards, bank transfer, electronic payment systems and regional payment methods

Withdrawal methods

Bank transfer, cards, electronic payment systems and supported regional methods

Deposit time

Many electronic methods instant or near-instant; bank transfers several business days

Withdrawal time

93.2% processed within 1 minute; settlement depends on payment method

Minimum withdrawal

$1 equivalent on selected methods

Local payment methods

Extensive regional and country-specific payment methods

Withdrawals are stated at 93.2% processed within 1 minute; settlement depends on payment method, against Many electronic methods instant or near-instant; bank transfers several business days for deposits. A gap between the two is normal and not in itself a warning sign - identity checks are a legal obligation, not obstruction. What is worth noticing is a withdrawal that keeps meeting new conditions after those checks are done.

Withdrawal routes: bank transfer, cards, electronic payment systems and supported regional methods. Money is usually returned by the route it arrived on, so the deposit method you pick is in effect the withdrawal method you are picking too.

The minimum withdrawal is $1 equivalent on selected methods - relevant if you intend to fund the account lightly, since it sets the smallest amount you can take out at a time.

Support hours

24/7

Contact channels

Live chat, phone, ticket system, Members Area

Languages

Multilingual

Telephone

+593 964 281 548

Email

N/A

Live chat response

Typically within minutes

Education

Extensive: educational articles, trading guides, platform tutorials, strategy content and beginner education

Research

Market analysis, forecasts, technical analysis, trading calculators and market commentary

Support runs 24/7. Round-the-clock cover matters more than it sounds: a position held over a weekend or through an unexpected halt is exactly when you need somebody to answer.

Reachable by live chat, phone, ticket system, members area. A published telephone number is the one channel that is hard to fake and hard to ignore, so whether there is one says more than the number of channels does.

Languages: Multilingual. Being able to raise a complaint in your own language is worth more than it appears, because complaints are where precision matters most.

Education: extensive: educational articles, trading guides, platform tutorials, strategy content and beginner education. Treat broker-published material as an introduction rather than as advice - it is produced by a firm whose revenue rises when you trade more.

Legal entity

RoboForex Ltd

Company number

000001272

Headquarters

Belize City, Belize

Founded

2009

Publicly listed

No

Parent company

Independent

Employees

Approx. 200-500

Also trades as

RoboForex

RoboForex has been trading for around 17 years, through at least one full market cycle. Longevity guarantees nothing on its own, but a firm that came through 2008 and 2015 has been tested in a way a recent entrant has not.

The contracting entity is RoboForex Ltd. This is the company you would actually have a relationship with, and it is worth checking that it is the same one named on the licence you are relying on: large brokers commonly operate several, and they are not equally protected.

Part of Independent. A parent adds resources, but the protections that apply to you are the ones attached to the entity that holds your account, not to the group.