RoboForex is a well-known online trading platform in the busy field of financial trading. The fastest trading platforms and lightning-fast order execution allow traders to purchase and sell various assets, including stocks, indices, currencies, commodities, ETFs, CFDs, and cryptocurrencies. RoboForex is a top pick for traders seeking a reputable brokerage that provides leverage trades up to 1:2000 and negative balance protection. They are renowned for their incredibly competitive tight spreads starting at 0 pips. RoboForex also provides its traders with several incentives and promotional programs, including a 15% cashback offer in addition to these outstanding advantages.
Significantly, RoboForex offers traders the resources they want, giving them access to more than 12,000 financial products and the choice of using platforms, including MT4, MT5, R MobileTrader, and R StocksTrader. RoboForex’s dedication to its traders goes beyond its trading interface, as evidenced by its sponsorship of the Cienciano football team.
This article will explore the RoboForex Trading Platforms by examining its Features and Functionality.
What Is RoboForex?
In 2009, RoboForex Ltd. was established. RoboForex has been offering trading services globally ever since it entered the market for Forex brokers. The address of the company’s headquarters is 2118 Guava Street, Belama Phase 1, Belize City. RoboForex has customers who actively trade assets in the EU and EEA nations.
Reviews of the platform’s features are generally favourable. The R Trader platform, a top-notch trading ecosystem, is made available by RoboForex to investors in various trading styles. The Best Partners Program award went to RoboForex at the 2022 Global Forex Awards.
The trader and the R Trader trading alternatives both offer advanced trading. For best results, the client can choose from various trading instruments. It also provides consumers with trading options via the “ContestFX” function.
With the help of this, Forex investors can establish a legitimate trading account and launch their international investment projects. The commission is always 0% when clients deposit funds into their trading accounts. RoboForex pays all costs. Customers can download and install one of the most well-liked trading platforms on their computers or mobile devices.
1. Excellent Trading Conditions for Forex
One of RoboForex’s best qualities in Forex trading is its trading circumstances, which it refers to as “unique.” RoboForex offers minimal commissions ($10 per $1 million in transaction volume) and tight spreads, starting at 0 pip. Thanks to its MetaTrader 4 and 5 platforms, which are the best a broker can provide, RoboForex also provides quick order execution. The ECN, Prime, and R StocksTrader accounts at RoboForex offer the greatest trading conditions.
2. R Mobile Trader
You may trade while on the go with R Mobile Trader. Users of this program can trade more than a hundred instruments, and it works with both iOS and Android devices. Similar to how they would on a desktop computer, traders can use R Mobile Trader to terminate and open positions on their MT4 account, make deposits and withdrawals, invest using CopyFX (the copy-trading RoboForex feature), watch the news, and carry out other important tasks.
3. Real Stock Investment
Traders have access to a large selection of stocks with RoboForex. Using this broker, you can select from more than 3,000 equities listed on the NASDAQ and the NYSE. Modern traders will like the R StocksTrader platform’s cheap commission costs (beginning at $0.0045 per share), spreads that start at 0.01 cents, and a vast selection of items.
4. RoboForex Pricing
With this broker, pricing and fees vary depending on the type of account and include different amounts for minimum deposits, commissions, and withdrawals. For instance, the commission per trade on the Prime account ranges from $10 to $15 for trade volumes of $1 million. For the ECN account, the charge is $20 per $1 million in trade volume. Both costs are automatically initiated. The Pro account, which is RoboForex’s most popular account, has free commission fees in contrast to the R StocksTrader account, which charges fees starting at $0.0045 per share.
With this broker, there are no fees associated with making deposits, but depending on the method of payment you choose, there may be fees associated with making withdrawals. Fees of up to 4% are most likely to apply to bank transactions.
RoboForex Reliability & Security
A broker’s dependability is significantly influenced by the software it selects. Both MetaTrader 4 and MetaTrader 5, considered the industry standards for trading, are used by RoboForex. MT4 and MT5 are well-known for being fast and feature-rich systems, with MT5 being the most often used system on RoboForex.
Three different order execution methods, simple graphic analysis tools, and fifty technical data indications are all included in MT4. Additionally, it offers consumers the chance to create their own AI traders. In addition to having all the capabilities of MT4, MT5 is a step forward from MT4 and offers four different order execution methods, six pending order kinds, a multi-currency tester, and market depth.
RoboForex has a cTrader platform if you want something different from the MetaTrader suite. This platform is designed for seasoned traders who “prefer unconventional instruments” and quick “order execution speed.” Rare order types, 54 indicators, 14 timeframes, and Level II pricing are all features of cTrader.
Another site, again oriented toward advanced traders, is R StocksTrader. With just one account, this multi-terminal web platform is simple and contains features like an “advanced” watchlist. All of these computer programs are evidence of the broker’s dependability. A broker’s software is what determines how error-free it is. Therefore, the availability of numerous platforms is a solid indication of a hassle-free trading experience.
RoboForex is an all-around broker with a lot to offer. Many other account kinds are available, and the Prime, ECN, and R StocksTrader account all offer excellent trading conditions. Additionally, there is a good educational system, and this broker has won awards, which speaks to its reputation.