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RoboForex Reviews and User Ratings

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  • Information
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RoboForex Special Bonus


Special Bonus

Forex Trading Bonus up to 50%!

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RoboForex General Information


Broker Name
RoboForex
Established
2010
Country
New Zealand
Min Deposit
$1
Max Leverage
1:500
Regulation
CySEC, IFSC, FSCL
Email
info@robofx.com
Telephone
+357 25 262660
Fax
+357 25580077
Website Language
English, Chinese, Russian, Spanish, Malay, Arabic, Italian, Polish, Portuguese, Indonesian
Support Methods
Email
Telephone
Live Chat
Skype
24/7 Support
Deposit Options
Credit Cards, Debit Cards, Bank Transfer, Perfect Money, Qiwi, WebMoney, Skrill, Neteller, CashU, China Union Pay, Poli
Withdraw Options
Bank Transfer, Perfect Money, WebMoney, Skrill, Neteller, FasaPay

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Description


RoboForex Background

RoboForex is a New Zealand based broker that provides individual and business trading services. Despite its name, RoboForex is not an automatic trading service. They are a well-regulated broker that offers ECN accounts with super tight spreads and deep liquidity. They are regulated by the independent Financial Services Complaints LTD (FSCL). The RoboForex website is incredibly user friendly. The broker offers several educational materials geared toward beginners, including a basic overview of forex trading, professional advice, and a glossary of terms.  An economic calendar, forecast, charting tool, calculator and economic indicator are also available for more seasoned traders. The broker is transparent about minimum deposits and fees, and they offer a demo account for those who want to practice investing.

Features of RoboForex

The company offers over 200 trading instruments and multiple trading platforms. The standard MT4 is available, though the company is expanding to offer the new MT5. They also have web based and mobile platforms.  The web terminal allows advanced charting, technical analysis, instant and market orders, live market news and streaming quotes. RoboForex offers multiple client account types including Fix-Cent, Fix-Standard, Pro-Cent, Pro-Standard and Pro-ECN. The Fix-Cent account starts with a minimum deposit of $1 and a swap free trading environmentsuitable for Islamic clients.

Conclusion

Overall, RoboForex offers a nice selection trading accounts, has good support, and offers a nice range of educational materials, making it a solid choice for traders at any level.

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Video


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Features and Trading Instruments


Features
Hedging
Scalping
Margin Interest Rate
Trailing Stop
Web Based Trading
Pending Orders
One Click Execution
Mobile Trading
US Traders
Automated Trading
Islamic Account
Swaps
Segregated account
Affiliate Program
Trading Contest
PAMM
Trading Instruments
Oil
Gold
Metal
Indices
ETFs
CFDs
Stocks
Commodities
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Pros and Cons


PROS:
  • RoboForex is available to traders 24 hours a day, 5 days a week.
  • Clients have several options when they require support.
  • Phone support and email support are both timely, with emails being answered in approximately 30 minutes.
  • The company also offers Skype and Yahoo chats, though these are not instant services.
  • RoboForex’s support team certainly has a solid reputation and several years of experience, so clients should have no problem with their solutions.
  • Traders can start off with as little as a $10 deposit, a huge pro for beginners looking to ease into trading. The company’s video tutorials are quite helpful and RoboForex offers low variable and fixed spreads.
CONS:
  • However, RoboForex does not accept account applications from U.S. residents.
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Account Type


Fix-Cent

  • Minimum Account Size: $1
  • Spread: Low/ Fixed
  • Trading Instruments: Forex, Gold & Silver, Metals
  • Trading Platforms: MT4, MT5, RoboForex Web Trader, Iphone & Ipad App, Android App
  • Margin Call Level: 40%
  • Stop-Out Level: 10%

Pro-Cent

  • Minimum Account Size: $1
  • Spread: Low/ Variable
  • Trading Instruments: Forex, Gold & Silver, Metals
  • Trading Platforms: MT4, MT5, RoboForex Web Trader, Iphone & Ipad App, Android App
  • Margin Call Level: 40%
  • Stop-Out Level: 10%

Fix-Standard

  • Minimum Account Size: $1
  • Spread: Low/ Fixed
  • Trading Instruments: Forex, Gold & Silver, Metals
  • Trading Platforms: MT4, MT5, RoboForex Web Trader, Iphone & Ipad App, Android App
  • Margin Call Level: 50%
  • Stop-Out Level: 20%

Pro-Standard

  • Minimum Account Size: $1
  • Spread: Low/ Variable
  • Trading Instruments: Forex, Gold & Silver, Metals
  • Trading Platforms: MT4, MT5, RoboForex Web Trader, Iphone & Ipad App, Android App
  • Margin Call Level: 50%
  • Stop-Out Level: 20%

  • Minimum Account Size: $1
  • Spread: Low/ Variable
  • Trading Instruments: Forex, Gold & Silver, Metals
  • Trading Platforms: MT4, MT5, cTrader, RoboForex Web Trader, cTrader, CX Viking, Iphone & Ipad App, Android App
  • Margin Call Level: 60%
  • Stop-Out Level: 40%

  • Minimum Account Size: $1
  • Spread: Low/ Variable
  • Trading Instruments: Forex, Gold & Silver, Metals
  • Trading Platforms: MT4, MT5, cTrader, RoboForex Web Trader, Iphone & Ipad App, Android App
  • Margin Call Level: 60%
  • Stop-Out Level: 40%

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RoboForex Review Score


RoboForex Reviews and User Ratings
6.9 Total Score
5 reviews
Add your review
Web Design
7.4
Reliability
6.6
Platform
7.4
Customer Support
6.8
Withdrawal
6.6
Broker Name
RoboForex
Established
2010
Country
New Zealand
Min Deposit
$1
Max Leverage
1:500
Regulation
CySEC, IFSC, FSCL
Email
info@robofx.com
Telephone
+357 25 262660
Fax
+357 25580077
Website Language
English, Chinese, Russian, Spanish, Malay, Arabic, Italian, Polish, Portuguese, Indonesian
Support Methods
Email
Telephone
Live Chat
Skype
24/7 Support
Deposit Options
Credit Cards, Debit Cards, Bank Transfer, Perfect Money, Qiwi, WebMoney, Skrill, Neteller, CashU, China Union Pay, Poli
Withdraw Options
Bank Transfer, Perfect Money, WebMoney, Skrill, Neteller, FasaPay
Features
Hedging
Scalping
Margin Interest Rate
Trailing Stop
Web Based Trading
Pending Orders
One Click Execution
Mobile Trading
US Traders
Automated Trading
Islamic Account
Swaps
Segregated account
Affiliate Program
Trading Contest
PAMM
Trading Instruments
Oil
Gold
Metal
Indices
ETFs
CFDs
Stocks
Commodities
RoboForex Reviews and User Ratings
6.9 Total Score
5 reviews
Add your review
Web Design
7.4
Reliability
6.6
Platform
7.4
Customer Support
6.8
Withdrawal
6.6

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5 Comments
Show all Most Helpful Highest Rating Lowest Rating Add your review
  1. Reply
    TheAussie05
    July 16, 2016 at 8:35 am
    4.3
    Web Design
    90
    Reliability
    80
    Platform
    100
    Customer Support
    90
    Withdrawal
    70

    I just love what RoboForex brings to the table as a fairly new broker, the number and quality of their trading platforms is simply outstanding. Among their many platforms are the new MetaTrader5 and the well-established MetaTrader4, they also have cTrader, Web Trader and Mobile Forex. The possibilities are just limitless with RoboForex.

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  2. Reply
    Lance Kwan
    May 24, 2016 at 3:37 am
    3.1
    Web Design
    70
    Reliability
    70
    Platform
    50
    Customer Support
    50
    Withdrawal
    70

    One of the things that made me start an account with RoboForex was their promise of not charging any commission at all from any trades with the account I chose. As it turns out, in exchange for not charging any commission they tend to widen the spread on the instruments you trade on. I guess that’s a fair exchange from time to time so I there’s nothing to complain about.

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  3. Reply
    WeIsForexTrader03
    February 15, 2016 at 2:35 am
    4.2
    Web Design
    90
    Reliability
    70
    Platform
    80
    Customer Support
    90
    Withdrawal
    90

    I have been with RoboForex around a month after they launched their trading platform and I have to say, color me impressed, their innovations as well as their considerate treatment of their clients really makes me feel welcome and content. I believe I’ve found my lifetime broker

    Helpful(0) Unhelpful(0)You have already voted this
  4. Reply
    Jules Fernandez
    December 30, 2015 at 12:00 pm
    4.6
    Web Design
    90
    Reliability
    100
    Platform
    90
    Customer Support
    90
    Withdrawal
    90

    One of the red flags for a trader is when he sees the high commissions that his potential broker charges on trades. This is what drew me in to RoboForex, they only charge $2.45 per lot in ECN-Pro NDD accounts and they charge nothing at all for all the other trading accounts. This is simply unheard of in other old and washed up brokers.

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  5. Reply
    Dominic Amparo
    October 9, 2014 at 7:00 am
    1.2
    Web Design
    30
    Reliability
    10
    Platform
    50
    Customer Support
    20
    Withdrawal
    10

    If you’re only about to deposit funds into your RoboForex account then you’re lucky, get out now while you still can. For those still trading with RoboForex pack your bags and run! RoboForex is under investigation for Fraud and is on the verge of bankruptcy; avoid this broker at all costs.

    Helpful(0) Unhelpful(0)You have already voted this

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