RoboForex, a global forex and CFD broker established in 2005, offers a diverse range of trading platforms, accounts, and instruments. Regulated by CySEC, RoboForex caters to traders of all levels and has garnered numerous awards for its services.
Is RoboForex Safe?
Regulation by CySEC and membership in the Financial Commission demonstrate RoboForex's commitment to safety. Traders can file disputes with the Financial Commission if issues arise.
Trading Platforms
RoboForex provides three primary trading platforms:
MetaTrader 4: A versatile platform suitable for all experience levels.
MetaTrader 5: The next-generation platform offering advanced charting and social trading features.
CopyFX: A unique copy-trading platform for beginners and portfolio diversification.
Account Types
RoboForex offers various account types to suit individual needs:
Standard Account: Ideal for beginners with basic features.
Prime Account: Suitable for experienced traders with lower spreads and commissions.
Cent Account: Designed for those new to forex trading, allowing smaller trades.
ECN Account: Geared towards experienced traders seeking transparent execution with raw spreads and no commissions.
Trading Instruments
RoboForex offers a wide range of trading instruments, including:
Forex: Over 120 forex pairs available for trading.
CFDs: CFDs on stocks, indices, commodities, and cryptocurrencies.
Metals: CFDs on gold, silver, and other metals.
Energy: CFDs on oil and natural gas.
Spreads and Commissions
RoboForex offers competitive spreads and commissions across its trading instruments, with spreads starting from 0 pips and commissions among the lowest in the industry.
Execution and Withdrawals
RoboForex ensures fast execution of trades and withdrawal of funds. Trades are typically executed in milliseconds, and withdrawals are processed within 24 hours.
Customer Support
RoboForex provides 24/7 customer support in multiple languages via live chat, email, and phone, ensuring prompt assistance to traders.
Educational Resources
RoboForex offers a comprehensive range of educational resources, including webinars, articles, and videos, to help traders enhance their market knowledge and trading skills.
Awards and Recognition
RoboForex has received numerous accolades for its services, 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
Trader Reviews
RoboForex maintains a positive reputation among traders, with a high rating on Trustpilot, averaging 4.5 out of 5 stars.
Trader Satisfaction
Traders appreciate RoboForex's:
Diverse trading platforms, accounts, and instruments
Competitive spreads and commissions
Fast execution and withdrawal of funds
24/7 multilingual customer support
Extensive educational resources
Trader Concerns
Some traders have expressed concerns regarding:
Limited regulatory oversight
Lack of Islamic accounts
Overall Assessment
RoboForex stands as a reliable broker for traders seeking a comprehensive range of services. With competitive spreads, fast execution, and robust educational resources, RoboForex caters to both beginners and experienced traders. However, traders should acknowledge the limited regulatory scope and absence of Islamic accounts.
