RoboMarkets Review
Leverage: 1:30
Regulation: CySEC
Min. Deposit: $100
HQ: Cyprus
Platforms: MT4, MT5, R Stocks Trader
Found in: 2012
RoboMarkets Licenses
- RoboMarkets Ltd - authorized by CySEC (Cyprus) registration no. 191/13
Leverage: 1:30
Regulation: CySEC
Min. Deposit: $100
HQ: Cyprus
Platforms: MT4, MT5, R Stocks Trader
Found in: 2012
RoboMarkets is a multi-asset Forex broker operating since 2012, being licensed and regulated by CySEC it provides competitive services for institutional and retail clients from Europe.
Based on our Expert research, we found RoboMarkets is Forex and CFD broker offering 6 asset types and more than 12,000 instruments for trading. Along with the most popular platforms in the industry, also RoboMarkets provides many terminals for comfortable trading and new cutting-edge proprietary technologies making RoboMarkets good choice for technical trading and analysis, also with good trading conditions suitable for various types traders.
RoboMarkets is an established company with European regulation also with more than 20 awards in the financial industry, so it is considered secure and reliable. It provides comfortable trading conditions, free analytics, powerful trading platforms and 24/7 client support.
On the other hand, trading conditions can be different depending on the account type and the platform that you use. So you should be careful and choose the most suitable ones for you.
Advantages | Disadvantages |
---|---|
Long regulated history of operating | Trading conditions may vary depending on the platform used |
Excellent reputation | |
Powerful trading capabilities and advanced software proposal MetaTrader, R SocksTrader | |
Wide selection of trading platforms | |
Competitive trading conditions | |
Free trading signals and great research tools | |
High-quality educational materials | |
Excellent research | |
Helpful customer support with live chat and fast response |
🏢 Headquarters | Cyprus |
🗺️ Regulation | CySEC |
📉 Instruments | 6 Asset Classes with Forex, Stocks, Indices, ETFs, Soft Commodities, Energies, and Metals |
🖥 Platforms | MT4, MT5, R StocksTrader |
💳 Minimum deposit | 100 USD |
💰 Base currencies | USD, EUR, GOLD, CHF, GBP, PLN, CZK |
🎮 Demo Account | Available |
💰 EUR/USD Spread | 1.4 pips |
📚 Education | Detailed education with research and analytics |
☎ Customer Support | 24/7 |
Based on our Expert findings, RoboMarkets is considered a good broker with safe and very favorable trading conditions. RoboMarkets offers a range of trading services tailored for both beginner traders and professionals with low initial deposit amounts.
Ranking | RoboMarkets | Pepperstone | XM |
---|---|---|---|
Our Ranking | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ |
Advantages | Trading Platforms | Trading Conditions | Education |
Our research showed that RoboMarkets offers a range of trading instruments, great trading conditions, also, low trading spreads and fees. However, there are a number of other brokers with similar services. Here are some of the best alternatives to RoboMarkets:
Since the start of its operations, the broker has been recognized by financial experts and has received more than 20 prestigious awards including Best Stocks Broker (Europe), Best Indices Broker (Global), and Best Value Broker (Global).
RoboMarkets has also grown a large client base all over Europe. More than 250,000 trading accounts are registered at the Company for now.
We consider RoboMarkets a reliable and established broker. It is registered as a legal investment firm in 29 European countries due to EEA cross-border offering, and follows the EU legislation with MiFID guidelines, meeting actual requirements to secure its clients’ trading, so it can be called safe.
See our conclusion on RoboMarkets Reliability:
RoboMarkets Strong Points | RoboMarkets Weak Points |
---|---|
Regulated by CySEC | None |
Participant in the Financial Commission Compensation fund | |
Negative balance protection | |
Execution quality certificate of a Verify My Trade |
RoboMarkets is a broker regulated by CySEC since 2013, providing financial services to the residents of the EU/EEA countries, so is fully legit and registered Broker according to local laws.
RoboMarkets follows all the rules required due to its regulation and offers a protected brokerage service to its clients. The company is audited on a regular basis and is therefore considered safe and reliable.
If you’re interested in trading with Leverage at RoboMarkets, you will comply with the ESMA regulation, which lowered leverage to the maximum ratio of 1:30 on Forex instruments and 1:5 for Cryptocurrencies for Retail clients.
The broker offers higher leverage to its approved Professional clients only. However, we recall that trading with leverage can increase your gain, but it also increases your risks.
RoboMarkets offers 5 account types so you can choose the most suitable one for your needs and trading experience. At first, you may want to try trading on a Demo account which is great for starting and learning how to trade. The trading conditions will be the same as they are on a real account but you don’t have to invest any real money at all.
Pros | Cons |
---|---|
Various accounts offered | None |
Fast account opening | |
Account types suitable for various trading sizes or styles | |
Account base currencies USD, EUR, CNY, GOLD |
RoboMarkets provides access to 6 markets and more than 12,000 instruments for online trading Forex, Stocks, Indices, Soft Commodities, Energies, and Metals.
We find it good that for the trading costs RoboMarkets brings one of the tightest spreads from 0 pips along with high execution speed.
As you can see in the table below, there are no deposit additional fees since RoboMarkets covers these expenses. RoboMarkets clients can also withdraw money without commission twice a month, which is a good plus overall.
Fees | RoboMarkets Fees | BlackBull Markets Fees | FxPro Fees |
---|---|---|---|
Deposit fee | No | No | No |
Withdrawal fee | No* | No | No |
Inactivity fee | Yes | No | Yes |
Fee ranking | Low | Low | Low, Average |
* Twice a month due to the Free fund withdrawal program
Based on our Expert findings, RoboMarkets spreads designed at the levels of account you use, while as much higher the account size the better spread offering is included, so be sure to verify conditions according to the account type you would use.
For example, when you’re trading on a Pro or ProCent account, your spread will be floating from 1.3 points. As for Prime, ECN, and R StocksTrader accounts, RoboMarkets offers competitive conditions and spreads from 0.
Asset/ Pair | RoboMarkets Spread | FxPro Spread | GO Markets Spread |
---|---|---|---|
EUR USD Spread | 1.4 pips | 1.2 pips | 1.2 pips |
Crude Oil WTI Spread | 4.2 | 5 | 1.9 |
Gold Spread | 1 point | 27 | 1.4 pips |
All money management and transaction are performed via the RoboMarkets Online account area, which is very comfortable, where you can request a withdrawal check for its processing status, and deposits money as well.
RoboMarkets clients can deposit into their accounts with no additional costs, and withdraw funds without commission twice a month. All transactions are performed online and usually only take a few seconds, which are quite attractive conditions.
Here are some good and negative points for RoboMarkets funding methods found:
RoboMarkets Advantage | RoboMarkets Disadvantage |
---|---|
Fast digital deposits, including PayPal, Skrill, Neteller, and Cards | Payment methods are rather Basic |
No Deposit Fees | Some methods may apply additional fees |
2 Free Withdrawals per month | |
Withdrawal requests confirmed within two business days |
In terms of funding methods, RoboMarkets offers popular payment systems available at the Company divided into main and most used regulated 3 types. Besides, the commission for depositing funds is always 0%.
RoboMarkets minimum deposit is 100 USD. You can also try out the broker’s trading conditions on a Demo account without depositing any money.
RoboMarkets minimum deposit vs other brokers
RoboMarkets | Most Other Brokers | |
Minimum Deposit | $100 | $500 |
We found traders can withdraw money from their RoboMarkets account without commission on the first and the third Tuesday of each calendar month. To benefit from the offer, a client has to deposit into their trading account at least once over the previous six months.
Sometimes the payment system can require additional commissions from their side, so check out their conditions carefully first.
RoboMarkets Platforms offers a wide range of trading solutions so you can choose the one which answers your needs and suits your trading style the most. As for the web platforms, you can trade through both popular choices (MetaTrader 4, MetaTrader 5) and innovative ones of RoboMarkets’ own development (R StocksTrader).
Platforms | RoboMarkets Platforms | FxPro Platforms | Plus500 Platforms |
---|---|---|---|
MT4 | Yes | Yes | No |
MT5 | Yes | Yes | No |
cTrader | No | Yes | No |
Own Platform | Yes | Yes | Yes |
Trading App | Yes | Yes | Yes |
All Robo Markets platform available either on Web or Desktop version, see our finds below:
Nowadays it’s very important to have the ability to trade not only through a PC but also through your smartphone, even though mobile Apps are limited but allow to monitor the situation very well. RoboMarkets gets it too, so you can check your trading positions and view the updates on MT4, MT5, R MobileTrader, or the R StocksTrader app on IOS or Android.
We found that RoboMarkets provides 24/7 Customer support in 8 languages. You can contact their specialists via Live chat, email, and international phone numbers, or use a callback service and get a quick response, which we rank as very good overall.
See our find and Ranking on Customer Service Quality:
Pros | Cons |
---|---|
24/7 support | None |
Relevant answers | |
Live Chat, and International Phone Lines | |
Supporting numerous languages |
Finally, we reviewed RoboMarkets’ educational and analysis features. We can say that the broker provides detailed instructions for beginner traders on how to open an account, how to pass the verification, deposit funds etc. Clients can find useful information on the website, and also via good RoboMarkets Youtube Channel if they prefer video instructions.
Market analysis, technical analysis, professional analytics, and a range of trading tools are also available via the Members area. If you want to learn more about investing news and analytics, check out the RoboMarkets Blog which also offers lots of useful information for traders with different levels of experience in trading.
Also, we quite mark the available Research and tools, including Auto Trading, Strategy Builders, Financial Charts and other good tools.
Concluding the RoboMarkets review, we state that RoboMarkets is a well-established broker to trade with reliable trading solutions and powerful trading technology. The broker provides competitive trading conditions and cutting-edge technical solutions. It suits both professional traders and less experienced ones.
RoboMarkets offers a wide range of assets and instruments, platforms, and accounts for every trading style. It also assists clients with strong analytics and though educational materials. What is also important – it has 24/7 client support to help its clients at any time when they need it, so overall RoboMarkets is quite impressive Broker in terms of quality.
Based on Our findings and Financial Expert Opinions RoboMarkets is Good for:
No review found...
No news available.