The average cost of trading one lot of EUR/USD is 9 USD at most other large brokers, so whichever ECN account you choose will be lower-cost than most other brokers. In addition, RoboForex’s minimum deposit requirements are only 10 USD across all account options, making them accessible to all traders. RoboForex also https://forexhero.info/ stands out for the number of financial instruments on offer, including over 12,000 stocks, 1,000 ETFs, 100 commodities, 40 Forex pairs, 26 cryptocurrencies, and indices. Support is offered for numerous trading platforms, including industry favourites MT4 and MT5, and its intuitive and easy-to-set-up R-trader.

Can I practice forex trading with Roboforex before opening a live account?

Nevertheless, the array of available assets substantiates a rich trading experience for those who find their calling in the available instruments. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. In terms of commodities, RoboForex provides a limited selection of just 4 assets, primarily metals and energy. While gold trading presents opportunities, particularly with its competitive pricing in certain account types, other popular commodities like wheat and coffee are notably absent from the platform. This RoboForex review examines the broker’s offering for short-term traders, informed by our direct experience testing its platforms and services over many years.

Can I open a demo account before opening a live account?

This answer may well be satisfactory for us, but we will examine this situation in more detail during the analysis of the client agreement. VPS’s can be accessed via desktop, laptop or mobile devices at the same time. To qualify for a free VPS, clients need to maintain an account balance of at least $300 and produce a monthly trading volume of at least 3 standard lots. limefx Furthermore, RoboForex extends a demo account offering, a risk-free environment where strategies can be honed with virtual money and without financial implications. Recently, features such as an expanded range of tradable assets and improved interface have enhanced the demo trading experience, showcasing RoboForex’s dedication to fostering trader growth and learning.

  1. In the ECN accounts, spreads on major pairs like EUR/USD are as low as 0.1 pips, comparing well with firms like Pepperstone.
  2. RoboForex is a well-established broker since2009.RoboForex hasa headquarter inBelize.RoboForex to provide their Forex/CFD trading services to global clients.
  3. Except for the R Stocks Trader Account, all accounts have a minimum deposit requirement of 10 USD.
  4. Once you open up your RoboForex account, you can trade in one of five currencies, including EUR, CNY, USD, RUB, and Gold.
  5. In addition, it provides ETF trading on its R StocksTrader platform.

Where is RoboForex based?

The broker caters to this wide selection of countries by offering support in 18 languages. For the celebration of its 10th anniversary, the firm was giving away $1,000,000. Our primary goal at The Tokenist is to simplify the word of financial decision-making, so that investing is not only easy - but also fun. In doing so, we often feature products or services from our partners. However, the opinions and reviews published here are entirely our own.

Roboforex tries to protect its customers against inflation and can pay you up to 10% extra return per year. For this purpose, however, a certain volume of trade must be implemented in the account again. The additional money can be withdrawn from the account or used for further trading activities. Use credit cards, bank transfers, online transfers, and e-wallets (Neteller, Skrill, etc.) to capitalize on the trading account. In addition, RoboForex has a wallet with which you can save money or carry out transactions.

In partnership with Claws and Horns, a respected market news aggregator and publisher, RoboForex provides a constant stream of news that impacts the markets. While the main focus is on geopolitical events and macroeconomic movements, there is some reporting on technical analysis – mainly from large banks and other financial institutions. With new stories every few minutes, 24/5, this is an excellent resource for traders using all types of strategies. All four of RoboForex’s trading platforms are available on both Android and iOS mobile devices and tablets.

The minimum deposit for all accounts is $10, except for the R StocksTrader, which requires $100. I rank the commission-based pricing environment at RoboForex among the best industry-wide. The volume-based cash rebate program lowers the competitive costs further, and there is no inactivity fee at RoboForex. It refers to the minimum quantity of money needed to initiate and sustain a trading position. The margin requirements at RoboForex vary according to the account type and trading instrument. RoboForex offers trading options for 26 prominent cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more.

With 14 trading indicators, live charts, quotes, and additional mobile-friendly features, R StocksTrader ensures a fully-featured trading experience on the go. Broker RoboForex offers the possibility of opening a demo account in MetaTrader 4 and MetaTrader 5 on roboforex.com. In addition, the client can explore the functionality of the R Trader terminal by pressing the “Continue as a guest” button.

RoboForex is the ideal choice for traders seeking an all-inclusive, user-focused trading experience. Its user-friendly platform, diverse tradable assets, and commitment to education make it a preferred broker. Whether you’re a novice or a seasoned trader, RoboForex offers a selection of account types tailored to your needs and preferences. RoboForex is a credible online broker offering a range of assets on secure platforms. It employs various security measures, including SSL encryption and negative balance protection, to safeguard client funds​​​​.