Similarly here, Claws & Horns provide most of the educational material, as well as video content, helping create a superior experience. Overall, the education is solid but RoboForex isn’t one of the most popular forex brokers https://forexhero.info/ for beginners. The CopyFX platform allows traders to copy other traders’ transactions or to offer strategies for others to copy. Users can specify conditions and create subscriptions from within the RoboForex Members Area.
Efficient and User-Friendly
They are often used where there is the need to run an automated trading system around the clock or if the local internet connection is unreliable and you need minimal downtime. I have my own VPS which is ideal for running my MT4 accounts without needing my laptop switched on all the time. I can easily login to my VPS or check the progress of trades from my phone using the MT4 app. You will notice that the broker has a vast collection of independent trading tools available which is great.
Deposit Methods:
Just like every broker, RoboForex isn’t perfect, and if it is a good fit depends on your preferences and requirements. Still, after comparing and testing many of the available brokers on the market, we can give you our main pros and cons as a guideline. After l lost my job in September 2023, I started looking for investments to double limefx my savings, so while I was researching I found some good information on bitcoin trading/mining/investments. You could make a 100k weekly depending on how much you start with. Moreover, a compensation fund is in place, offering up to €20,000 in protection for each case where a judgment from the Financial Commission is not honored.
Mobile Trading for any device
Additional support is provided through various order types that complement real-time market data, thus empowering informed decision-making when managing trades on MT4’s highly responsive system. Its intuitive user interface and extensive trading tools provide traders with diverse financial products to trade in, such as Forex, equities, indices, and commodities. We have concluded that the broker provides competitive trading conditions for traders of all levels, as well as a variety of trading services that come with competitive fees and spreads. With a large selection of products and trading platforms, the provider is well-positioned for online trading and stands out from most competitors.
- Starting with the roboforex.com homepage, it showcases numerous awards garnered by the company from events across the EU.
- Now that we’ve gone through all the basics, here are some of the primary advantages offered by RoboForex.
- It maintains the same features, tools and performance as the desktop platform with the freedom to use it from anywhere in the world with an internet connection.
- However, the brokerage has weak regulatory credentials, a narrow range of currency pairs and an increasingly slim selection of account currencies, reducing its appeal for some traders.
As for RoboForex, the first reviews that appear in the list are negative. These reviews are rather lengthy and contain detailed information. If we analyze the overall mass of negative feedback, the complaints about “incorrect” quotes from RoboForex stand out. These complaints seem to cause the volatility corridor to widen in some cases, triggering stop orders for traders. One of the key advantages is the complete transparency of participants.
The trading calculator allows you to calculate your position parameters based on instrument, leverage, lot size and account currency. You can back test your strategies on different markets and timeframes. Back testing data from 1970 is available for long term testing although it is worth noting that historical results are by no means a guarantee of future performance. Support is on hand to assist you with questions related to the strategy builder. Currency conversion fees are applicable and vary depending on the currency pairs traded. RoboForex proudly parades an expansive assortment of tradable instruments, crafting a comprehensive financial ecosystem that addresses a plethora of trading aspirations and strategies.
There is a range of trading tools to assist with trading and plenty of frequently updated detailed market analysis provided. It is clear to see why they are a multi-award-winning online broker. I think they can be a great choice of broker for anyone looking to trade CFDs on Forex, Stocks and much more. RoboForex emerges as a commendable broker, offering an expansive suite of trading instruments and platforms suited for both novice and seasoned traders. The broker strives to curate a user-centric trading experience, exemplified by its versatile account types, varied platform offerings, and diligent customer support. Notably, its efforts to enhance and diversify educational content, alongside offering competitive trading conditions, speak to its commitment to cater to a broad spectrum of traders.
These products may not be suitable for everyone and you should ensure that you understand the risks involved. RoboForex is a legit forex and CFD broker licensed and regulated by reputable financial authorities such as the FCA and CySEC. It has been operating since 2009 and has a good reputation among its clients.
Additionally, its customer service team is available 24/7 for all client account and technical questions. Overall, while RoboForex offers a relatively limited selection of currency, indices, and cryptocurrency pairs, it maintains an excellent range of shares, ETFs, and commodities. Pro-Cent and Pro-Standard new account users receive a welcome bonus of 30 USD after depositing a minimum of 10 USD via bank card. Cent and Standard users can also benefit from the 60% Profit Share Bonus and up to 120% on deposits by claiming the Classic Bonus. IFSC Belize follows the international AML (Anti-money laundering) policy, where all withdrawals must be made via the same method and for the same amount as the original deposit.
Below is a screenshot of one of the awards Deriv has been recognized for by the time of writing our review. RoboForex offers a wide variety of deposit and withdrawal methods and applicants can simply select the option that is most comfortable to them. Another advantage of the software is that you can add tools and plugins. In addition to the many setting options, professional portfolio management is also possible. From my experience, you should use this platform for trading at RoboForex.
