RoboForex is a global forex and CFD broker that has been in operation since 2005. The company is regulated by the Financial Services Commission of Belize (FSC) and offers a wide range of trading platforms, accounts, and instruments. RoboForex is a popular choice for traders of all experience levels, and has won numerous awards for its services.
RoboForex Trading Platforms
RoboForex offers three main trading platforms:
MetaTrader 4: This is the most popular forex trading platform in the world. It is a versatile platform that can be used by traders of all experience levels.
MetaTrader 5: This is the next-generation trading platform from MetaQuotes. It offers a number of new features, such as advanced charting tools and social trading capabilities.
CopyFX: This is a unique copy-trading platform that allows traders to automatically copy the trades of successful traders.
RoboForex Accounts
RoboForex offers a variety of trading accounts to suit the needs of different traders. Some of the most popular account types include:
Standard Account: This is the most basic account type, and it is ideal for beginners.
Prime Account: This account type offers lower spreads and commissions, and it is suitable for more experienced traders.
Cent Account: This account type allows traders to trade with smaller amounts of money, and it is ideal for those who are new to forex trading.
ECN Account: This account type offers raw spreads and no commissions, and it is suitable for experienced traders who want the most transparent execution.
RoboForex Trading Instruments
RoboForex offers a wide range of trading instruments, including:
Forex: RoboForex offers over 120 forex pairs to trade.
CFDs: RoboForex offers CFDs on stocks, indices, commodities, and cryptocurrencies.
Metals: RoboForex offers CFDs on gold, silver, and other metals.
Energy: RoboForex offers CFDs on oil and natural gas.
RoboForex Trader Ratings and Reviews
RoboForex has a good reputation among traders. The company has won numerous awards, including:
"Best Forex Broker Europe 2020" from the World Finance Awards
"Best Forex Broker Asia 2020" from the Global Banking & Finance Awards
"Most Trusted Forex Broker 2020" from the International Business Magazine
RoboForex also has a high rating on Trustpilot, with an average rating of 4.5 out of 5 stars.
Here are some of the things that traders like about RoboForex:
Wide range of trading platforms, accounts, and instruments
Competitive spreads and commissions
Fast execution and withdrawal of funds
24/7 customer support in multiple languages
Extensive educational resources
Here are some of the things that traders don't like about RoboForex:
Not regulated by a top-tier regulator
Limited educational resources for beginners
No Islamic accounts
Overall, RoboForex is a reputable forex and CFD broker that offers a wide range of services to traders of all experience levels. The company is competitive on spreads and commissions, and offers fast execution and withdrawal of funds. RoboForex also provides 24/7 customer support in multiple languages. However, the company is not regulated by a top-tier regulator, and its educational resources for beginners are limited.
Here are some additional things to consider before trading with RoboForex:
Make sure you understand the risks involved in forex and CFD trading.
Do your research and choose a trading platform that is right for you.
Start with a small account and only trade with money you can afford to lose.
Use stop-loss orders to limit your potential losses.
Never trade under the influence of emotions.
Conclusion
RoboForex is a good choice for traders who are looking for a reputable broker with a wide range of services. However, it is important to make sure you understand the risks involved in forex and CFD trading before you start trading.
