RoboMarkets, a foreign exchange (forex) broker licensed in Cyprus, has just announced that it has become BMW M Motorsport’s official partner for the popular German touring car masters Deutsche Tourenwagen Masters (DTM). During the upcoming season of the popular German touring car masters DTM (Deutsche Tourenwagen Masters), the Swedish BMW works driver Joel Eriksson will...
- Is RoboForex safe or a scam?
- Trading Platform
- Deposits and Withdrawals conditions with a minimum deposit and withdrawal fee
What is RoboForex?
RoboForex Group recognized by the most respected experts of the Financial Market, while operating since 2009 through 2 world presented entities RoboForex with service around the world and RoboMarkets Ltd located in Cyprus that support countries if the EU and the EEA.
The market range includes the world’s key markets alike Forex, Stocks, Indices, ETFs, Soft Commodities, Energies, Metals and over 6 Cryptocurrencies with a possibility to trade through leverage. What is also fantastic, is great RoboForex trading costs that are based on institutional tight spreads from 0 pips and available through fast order execution developed by the technology, 6 account currencies along with micro accounts, as well as numerous investment programs.
Furthermore, apart from the numerous developed technologies, which offer solutions through trading, RoboForex performs a ContestFX – a contest project of a new type. Contests on demo accounts are held weekly and monthly while prizes are deposited to real trading accounts allowing you to start great trading carer.
The broker serves numerous clients with around 800,000 traders, from 170 countries and brings support in 18 languages, with the focus to develop trading offering by innovative technology solutions and numerous modern tools for trading.
The broker’s developments and offers were actually recognized by more than 20 industry awards, along with their regular sponsorships and global activities, RoboForex currently serves as an Official Sponsor of “Starikovich-Heskes” team at the Dakar and Official Sponsor of Muay Thai fighter Andrei Kulebin.
Is RoboForex safe or a scam?
There are two companies registered by RoboForex Group, which include the RoboMarkets Ltd a European entity broker regulated by the CySEC, and RoboForex Ltd an international forex brokerage registered by the IFSC, Belize. Even though we do not advise trading with offshore brokers due to their lack of regulatory restrictions, an additional license from the reputable jurisdiction makes things better and allows us to consider RoboForex as a safe broker to trade with.
There are numerous rules which broke implements due to regulatory requirements to deliver protected and fair trading environment. Along with that RoboForex apply for negative balance protection, securing your deposits from losses, while all trader’s funds are kept in major banks in segregated accounts at all times. And the last point is that the company is a participant of The Commission’s Compensation Fund that provides insurance coverage for the traders which makes it a reliable choice.
As a technology-driven broker, RoboForex brought a truly wide range of platforms to choose from, that allows to advance and suite any trading demands and comply it with your style.
R trader Strategy builder is a free and convenient tool available for traders with a purpose to automate performance, which is a great solution since doesn’t require to have any programming skills. Indeed, both offers full control over positions and orders, featuring the same functionality with the fastest in industry charts and advanced analysis tools.
MT4 as the most popular platform, which includes advanced chart features along with robots and indicators, that allows any trading strategy is one of the main factors within the platform allowing to perform powerful technical analysis. And in case you prefer the latest version of MetaTrader – MT5 is will allow the choice between net and hedge systems through 4 types of executions. In addition, MT5 features comprehensive analysis tools, market depth as well multi-currency tester all also featured with data from most professional sources like FxWirePro and Claws&Horns companies.
Moreover, the broker built customized tools and solutions for investments, thus you may choose either the Copy Trading or to get the solution for market professionals. CopyFX platform is a perfect choice for an easy yet reliable invest with the choice among over 1,000 traders and RoboForex RAMM platform allows profiting not only from Copy trading but from improved risk management systems with optimization tools.
RoboForex designed 6 account types in order to suit the different needs and requirement of their clients, also you may can use a national currency as the base one, which includes USD, EUR, RUB, CNY, GOLD, BTC to simplify your funding.
The range includes Cent Account as a great option to start or test robots or those ones that feature floating spread or maybe to use tight spreads from 0 pips with an additional commission. It is a fact the beginning either sophisticated professional will find correct conditions to apply, along with Islamic traders who are able to apply for swap-free account.
RoboForex spreads as mentioned earlier designed at the levels of account you use, while as much higher the account size the better spread offering is included. Also, always consider rollover or overnight fee as a cost, which is about -0.6 for short positions on Eur/Usd and -0.052 on long ones held longer than a day.
As well you may compare fees to another popular broker BD Swiss.
|Asset/ Pair||RoboForex Standard|
|Crude Oil WTI||5.7|
So if you adhere to use high leverage levels with a purpose to maximize your gains, RoboForex definitely will assist you. Leverage may increase your potential gains timely through its possibility to multiple initial accounts, yet make sure to learn how to use leverage correctly, as leverage may increase your potential losses too.
RoboForex leverage levels are also determined by various measures and are set in accordance with regulatory requirements. Thus trading with global RoboForex entity you are able to apply for leverage 1:400, 1:500 or even a maximum of 1:2000 by confirming your status. However, in case you are a resident of Europe or trading with the Cyprus entity of RoboForex automatically, you will comply with ESMA regulation, which lowered leverage to the maximum ratio of 1:30 on Forex instruments and 1:5 for Cryptocurrencies, etc.
Deposits and Withdrawals
The available payment methods allowing to transfer money with convenience include over 20 options that include bank transfer, card payment and vast of e-wallets like Skrill, Neteller, POLi, fasapay and more.
At the start, you may choose the level of your account while opening, and at a beginning, you may trade for free with Demo account, while further with only 10$ minimum deposit it will convert to a live account of first grade – Pro-standard or Pro-cent.
Furthermore, rewards are not finished, as RoboForex implements 0% commission policy for deposits and many withdrawals where all expenses are covered. Yet, check carefully since some of the methods apply an additional fee for withdrawal, e.g. Skrill and AdvCash add on 1% processing fee, while Visa withdrawal adds 2.6% +1.3USD.
RoboForex review demonstrates a well-regulated broker, which offers a wide selection of technological solutions allowing traders of any size or strategy, even at the trading beginning to engage into trading. The platforms along with the variety of assets and accounts bringing various options to trade either through robotic systems or investment, as well as powering trading by the power of developed tools.
Nevertheless, the broker very proudly serves a variety of services, along with the quality of overall treatment, which is the same for all, regardless of the experience or investment size. RoboForex kindly supports educational materials, analytical researchers and contests which shows their great assistance in all the processes and impacting deserved trust and rapid growth with a large number of the clients they serve.
And of course, we would be glad to know your personal opinion about RoboForex, share your experience or refer to us for some additional information.
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RoboMarkets, a foreign exchange (forex) broker licensed in Cyprus, has just announced that it has become an Official sponsor of one of the leading women’s volleyball teams of the Republic of Cyprus. Since the moment the team was founded in Limassol in 1976, TRB-Danoi ΑΕΛ (AEL Limassol), later rebranded to RoboMarkets AEL, has held leading...July 07, 2019 at 08:18 PM Read more
European investment company RoboMarkets, which provides financial services to customers in many EU countries, announced the launch of a mobile version of the web platform for trading R Trader. The company released a mobile modification of the terminal against the backdrop of the great demand for it from our customers. According to the supplier, the...December 12, 2019 at 10:06 PM Read more