RoboForex Review
Regulated by: IFSC
Headquarters: Belize
Ranking: 41
Spread: 1.3 pips (EURUSD)
Leverage: 1000:1
Minimum Deposit: $0
RoboForex Review & Author's Comment
RoboForex Review & Author's Comment
RoboForex is headquartered in Belize and regulated by Belize IFSC. RoboForex is a brand of RFG Holding which owns another forex brand – RoboMarkets that has headquarters in Cyprus and regulated by CySEC. So, it is must to say that this review is about RoboForex brand, not RoboMarkets.
Due to having headquarters in an off-shore country and regulation by off-shore regulator, RoboForex ranks low in reliability department. The Brand has been around for almost 10 years and that is a plus but not enough to get a high reliability score.
RoboForex offers a wide range of account types from which you can pick the most suitable one for your trading style and experience including Nano account, ECN account and VIP account. The Brand offers plentiful of instruments to invest in. You can trade every asset class excluding bonds and options. In addition, leverage is high, number of withdrawal and deposit is adequate and there is no minimum deposit amount which means you can open a real account without the need to make an initial deposit.
Over trading conditions are satisfactory however off-shore headquarters and regulation in off-shore country overshadow the pros thus lowers the overall rating of RoboForex.
| Broker Detail | |
|---|---|
| Adress: | 2118 Guava Street, Belama Phase 1, Belize City, Belize |
| Phone: | +65 3158 8389 |
| Web: | http://www.roboforex.com |
| E-Mail: | [email protected] |
| Regulator: | None |
| Year Founded: | 2009 |
| Instruments | |
|---|---|
| Forex: | |
| Precious Metals: | |
| Energy: | |
| Soft Commodities: | |
| Indices: | |
| CFDs: | |
| Stocks: | |
| ETFs: | |
| Bonds: | |
| Options: | |
| Cryptocurrencies: |
| Account Options | |
|---|---|
| ECN Account: | |
| Swap-Free Account: | |
| Nano Account: | |
| MAM / PAMM Account: | |
| Demo Account: | |
| Funding Methods: | Wire Transfer, Credit Card, Boleto, China UnionPay, Moneybookers, Neteller, PayPal, QIWI, Skrill, Webmoney |
| Withdrawal Methods: | Wire Transfer, Credit Card, Boleto, China UnionPay, Moneybookers, Neteller, PayPal, QIWI, Skrill, Webmoney |
| Customer Services | |
|---|---|
| Live Chat: | |
| 24 Hours Support: | |
| Languages: | Arabic, Chinese, English, German, Indonesian, Italian, Lithuanian, Polish, Portuguese, Russian, Spanish |
| Platforms | |
|---|---|
| Supported Platforms: | MetaTrader 4, MetaTrader 5, cTrader |
| Webtrader: | |
| Mobile: | IOS, Android |
| Trading | |
|---|---|
| Leverage: | 1000:1 |
| Spreads: | As low as 1.3 pips for EURUSD on Standard Account |
| Minimum Deposit: | $0 |
| Fixed Spreads: | |
| Automated Trading: | |
| Hedging: | |
| API Trading: | |
| Negative Balance Protection: | |
| Accepts Clients from the US: | |
| Bonus: |
RoboForex Review
RoboForex Review
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Reliability - 2.5/102.5/10
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Deposit & Withdrawal - 4.2/104.2/10
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Bonus - 2.5/102.5/10
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Customer Support - 5/105/10
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Overall Trading Conditions - 5.1/105.1/10
Summary
Regulation by off-shore regulator and HQ in an off-shore country. Low reliability score. Wide range of tradeable instruments and deposit methods. Very good customer support. Quality educational and market analysis material.