RoboForex review

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

Check the licence on the regulator's own site, not on a link somebody sent you.

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.

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

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

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

An offer that beats the market by a wide margin is the most reliable warning sign there is.

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.

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

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