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
  1. What is RoboMarkets?
  2. RoboMarkets Pros and Cons
  3. Is RoboMarkets Safe or a Scam?
  4. Awards
  5. Leverage
  6. Accounts
  7. Fees
  8. Spreads
  9. Market Instruments
  10. Deposits and Withdrawals
  11. Trading Platform
  12. Customer Support
  13. Education
  14. Conclusion

Our Review Method

  • 55Brokers Financial Experts with over 10 years of experience in Forex Trading check all trading offerings, fees, and platforms, verified regulations, contacted customer service, and place traders to see trading conditions and give expert opinions about RoboMarkets.

What is RoboMarkets?

RoboMarkets is a multi-asset 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 Pros and Cons

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.

AdvantagesDisadvantages
Long regulated history of operatingTrading 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
RoboMarkets Review Summary in 10 Points
🏢 HeadquartersCyprus
🗺️ RegulationCySEC
📉 Instruments6 Asset Classes with Forex, Stocks, Indices, ETFs, Soft Commodities, Energies, and Metals
🖥 PlatformsMT4, MT5, R StocksTrader
💳 Minimum deposit100 USD
💰 Base currenciesUSD, EUR, GOLD, CHF, GBP, PLN, CZK
🎮 Demo AccountAvailable
💰 EUR/USD Spread1.4 pips
📚 EducationDetailed education with research and analytics
☎ Customer Support24/7

Overall RoboMarkets Ranking

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.

  • RoboMarkets Overall Ranking is 8.9 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.
RankingRoboMarketsPepperstoneXM
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
AdvantagesTrading PlatformsTrading ConditionsEducation

RoboMarkets Alternative Brokers

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:

  • Pepperstone – Low Spreads and Competitive Trading Conditions
  • XTB – Wide Range of Trading Opportunities
  • FXTM – Good for Beginners and Good Fees

Awards

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.

Awards RoboMarkets

Is RoboMarkets Scam or Safe?

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:

  • Our Ranked RoboMarkets Trust Score is 8.7 out of 10 for good reputation and service over the years, also reliable top-tier licenses, and serving regulated entities in each region it operates.
RoboMarkets Strong PointsRoboMarkets Weak Points
Regulated by CySEC None
Participant in the Financial Commission Compensation fund
Negative balance protection
Execution quality certificate of a Verify My Trade

Is RoboMarkets Legit?

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.

How Forex Trader is Protected?

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.

  • The broker is a member of the Investor Compensation Fund, which guarantees that if the company can’t pay the clients by itself, the compensation may be up to 20,000 euros for one client regardless of how many trading accounts they have, the base currencies of these accounts, and the place where the investment service is provided.
  • RoboMarkets also implemented a Civil Liability insurance program with up to 5,000,000 EUR. This program includes market-leading insurance coverage for risks that may lead to financial losses caused to clients (such as fraud, omissions, negligence, errors, and others).

RoboForex license

Leverage

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.

  • Available Leverage is 1:30 for Forex instruments

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 Account Types

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.

  • If you’re ready to trade on a real account, then the most popular one for less experienced traders at RoboMarkets is the Pro account.
  • ProCent can be chosen to test trading strategy without depositing a lot of money and Cent Trading.
  • Professional traders often choose Prime accounts with exclusive conditions or ECN.
  • Lastly, R StocksTrader account, which is the most comfortable for investing in Stocks.
ProsCons
Various accounts offeredNone
Fast account opening
Account types suitable for various trading sizes or styles
Account base currencies USD, EUR, CNY, GOLD
RoboMarkets accounts

Trading Instruments

RoboMarkets provides access to 6 markets and more than 12,000 instruments for online trading Forex, Stocks, Indices, Soft Commodities, Energies, and Metals.

  • RoboMarkets Instrument Range Score is 8.3 out of 10 for wide trading instrument selection among Forex, Stocks, Indices, and other popular instruments available.
  • RoboMarkets is mostly a Stockbroker, so the conditions are quite compelling, especially the ability to trade stocks without commission through R StocksTrader.
  • We also advise to consider Indices trading at RoboMarkets since the average spread for DE40Cash on ECN and Prime accounts is only 0.5 points here, the minimum commission for 1M USD of the trading volume is 4 USD, and the Minimum lot for trading starts at 0.01. All of these come with a high execution speed.

Instruments-RoboMarkets

RoboMarkets Fees

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.

  • RoboMarkets Fees are ranked average with an overall rating of 8.2 out of 10 based on our testing and compared to over 500 other brokers.
FeesRoboMarkets FeesBlackBull Markets FeesFxPro Fees
Deposit feeNoNoNo
Withdrawal feeNo*NoNo
Inactivity feeYesNoYes
Fee rankingLowLowLow, Average

* Twice a month due to the Free fund withdrawal program

Spreads

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.

  • RoboMarkets Spreads are ranked low with an overall rating of 7.8 out of 10 based on our testing comparison to other brokers. We found forex spread considerably on average and lower for some instruments and account types
Asset/ PairRoboMarkets SpreadFxPro SpreadGO Markets Spread
EUR USD Spread1.4 pips1.2 pips1.2 pips
Crude Oil WTI Spread4.251.9
Gold Spread1 point271.4 pips

Deposits and Withdrawals

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.

  • RoboMarkets Funding Methods we ranked good with an overall rating of 8.2 out of 10. The minimum deposit is among the average in the industry, yet fees are either none or very small also allowing to benefit from various account-based currencies.

Here are some good and negative points for RoboMarkets funding methods found:

RoboMarkets AdvantageRoboMarkets Disadvantage
Fast digital deposits, including PayPal, Skrill, Neteller, and CardsPayment methods are rather Basic
No Deposit FeesSome methods may apply additional fees
2 Free Withdrawals per month
Withdrawal requests confirmed within two business days

Deposit Options

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%.

  • Bank payments
  • Electronic payments, inlcuding PayPal
  • Bank cards

RoboMarkets Minimum Deposit

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

RoboMarkets Withdrawals

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.

How to Withdraw Money from RoboMarkets Step by Step:

  1. Login to your account
  2. Select Withdraw Funds’ in the menu tab
  3. Enter the withdrawn amount
  4. Choose the withdrawal method
  5. Complete the electronic request with necessary requirements
  6. Confirm withdrawal information and Submit
  7. Check status of withdrawal through your DashboardRoboMarkets Review payments

Trading Platforms

RoboMarkets offers a wide range of trading solutions so you can choose the one which answers your needs and suits your trading style the most. All of the platforms are available both for trading in a browser and on a desktop.

  • RoboMarkets Platform is ranked Excellent with an overall rating of 8.9 out of 10 compared to over 500 other brokers. Based on our research, it is one of the best proposals we saw in the industry, including MT4MT5, and R StocksTrader suitable for professional trading. Also, all are provided with good research and excellent tools.
PlatformsRoboMarkets PlatformsFxPro PlatformsPlus500 Platforms
MT4YesYesNo
MT5YesYesNo
cTraderNoYesNo
Own PlatformYesYesYes
Trading AppYesYesYes

Web and Desktop Platforms

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).

  • If you prefer a classic, then choose MetaTrader 4. It is well-known among investors and considered the most famous choice. You can also check out the latest version of MetaTrader with enhanced functionality – MetaTrader 5. The main new feature of the platform is the ability to choose between net and hedge systems through 4 types of executions.
  • R StocksTrader seems a perfect choice for investing in Stocks. It’s quite easy to use and provides stock leverage up to 1:20, as well as a free trading robots builder. You can also use R WebTrader which supports all types of MT4 accounts and gives access to exclusive analytics from RoboMarkets.

Mobile platforms

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.

RoboMarkets

Customer Support

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.

  • Customer Support in RoboMarkets is ranked Excellent with an overall rating of 9 out of 10 based on our testing. We got fast and knowledgeable responses, also quite easy to reach during the working days.

See our find and Ranking on Customer Service Quality:

ProsCons
24/7 supportNone
Relevant answers
Live Chat, and International Phone Lines
Supporting numerous languages

RoboMarkets Education

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.

  • RoboMarkets Education ranked with an overall rating of 9 out of 10 based on our research. The broker provides good quality educational materials, excellent research and very useful tools, also Brooker cooperates with market-leading providers of data which is always a plus

RoboMarkets Review Education

RoboMarkets Review Conclusion

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:

  • Beginning Traders
  • Advanced traders
  • Professional Trading
  • Traders who prefer MT4/MT5 platforms
  • Currency and CFD trading
  • Stock Trading
  • Strategy Building
  • Suitable for a Variety of trading strategies
  • Algorithmic or API traders
  • Supportive 24/7 customer support
  • Good education
  • Research materials

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