For instance, during Christmas or Thanksgiving, trading operations on the NYSE and NASDAQ exchanges are not possible. Additionally, most financial platforms close during the New Year holidays. It is some kind of homework, by doing which the trader discards all instruments that do not show a good technical or other model for trading, thereby increasing his chances of a good trade. Since one of the main objectives of online platforms is to make mastering the functions of the terminal for customers faster and easier, this has been implemented in R Trader.
- MT5 is available for download on both Android and iOS devices so you can access your trading account whilst on the go.
- Nevertheless, RoboForex’s research materials are practical and highly informative.
- This ensures you can access your earnings quickly and without additional red-tape.
- One of RoboForex’s biggest strengths is its number of trading platforms.
While MetaTrader 4 and 5 remain industry standards and R StocksTrader plus R Mobile Trader add some proprietary flair, there’s little innovation beyond the basics. Created by MetaQuotes, MT4 remains one of the oldest, and most widely adopted, retail trading platforms on the market. Available on Android and iOS, RoboForex’s mobile apps support full-featured trading with intuitive interfaces. Users can trade, monitor, and manage accounts on the go with robust charting and analysis tools. Forex fees are tight, especially on popular currency pairs, positioning RoboForex as a strong choice for forex traders.
The limited content helps new clients to open an account and select the best trading platform for their requirements. I recommend beginners seek in-depth education from third-party providers, start with trading psychology, and avoid paid-for courses before funding a trading account with RoboForex. It is refreshing that a broker makes a tremendous effort to provide the proper trading environment for different trader mentalities and strategies. I highly recommend the proprietary R StocksTrader, which also supports algorithmic trading in a code-free environment. While the minimum is zero, average spreads dipped slightly higher during our review, reflecting normal market volatility. Below is a snapshot of average spreads and commission costs for three of the most heavily traded currency pairs on ECN and Prime accounts.
Roboforex Trading Accounts Offered
RoboForex offers a strong combination of low trading costs, high leverage options, and broad platform support. Spreads start from 1.3 pips on EUR/USD and are available with MetaTrader 4 and 5, R WebTrader, and the broker’s proprietary R StockTrader. For a closer look at specific platforms like MT4 and MT5, explore our detailed comparison of RoboForex platforms. If you’re curious about the tools and features available, check out our article on RoboForex trading features and tools.
Where can I find a list of trading instruments and spreads?
I personally use the MT4 platform, primarily because it was the first platform that I mastered and roboforex review have never felt the need to change over to anything else. RoboForex supports various payment methods, including bank transfers, credit/debit cards, and e-wallets like Skrill and Neteller. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of leverage.
- You can trade a vast array of markets with excellent trading conditions.
- In addition, a price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitability by placing well-planned trades.
- As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.
- The effect of leverage on profits and losses magnifies them in both directions.
Roboforex review written by Andrew Blumer and Mark Hansen
RoboForex offers a broad spectrum of tradable instruments, creating a well-rounded environment for both new and experienced traders. With access to over 12,000 assets, users can engage in a variety of markets, including currencies, commodities, stocks, indices, and ETFs. Its forex offerings are especially robust, featuring major, minor, and exotic currency pairs—ideal for those who thrive in the fast-paced world of currency trading. RoboForex offers a robust suite of trading platforms, tailored for both beginners and advanced traders. The financial broker RoboForex not only offers a wide range of services but has also received prestigious awards, including “Best Mobile Trading App” in 2023 and “Most Reliable Broker” in 2022. The company ensures protection against negative account balances and provides significant leverage, allowing clients to open large positions with minimal margin.
It is our pleasure to serve you, and we look forward to meeting your future expectations. Are you a non-English speaker and look for more resources on RoboForex in your language? No, once an account is created, its currency and type cannot be changed. Traders should use leverage responsibly and monitor their margin levels to avoid liquidation.
DNA Markets Review
RoboForex offers a wider selection of trading assets than the market average, with over tradable assets available, including 40 currency pairs. I wanted to withdraw money because I will not be using the broker’s services. When withdrawing by card, there are two options, either a refund to the card that was used to deposit or simply a withdrawal. The card that I deposited was blocked so I added a second one and ordered a regular withdrawal, not a refund. Of course, the order was immediately canceled and I was to use the card that I deposited. So if your card expires or you lose it and block it, you don’t know if you will get your money back.
Experienced traders can leverage the advanced MT5 platform, known for its speed and reliability in sophisticated trading. This versatile system offers both netting and hedging capabilities, Market Depth, 4 order execution types, 6 pending order types, and a plethora of technical indicators and graphical tools. Users can utilize either the downloadable PC application or the web browser version of the platform. RoboForex broker offers a diverse range of assets for successful trading, with a total of over 12,000 trading instruments. The forex market operates 24 hours a day, five days a week, with a daily turnover of $5 trillion, making it the largest asset on the platform.
Additional trading tools
Investors might find the RoboForex CopyFX review particularly helpful for understanding how to follow expert strategies. Lastly, don’t miss our comprehensive review of RoboForex for trading and investing for a broad overview. Your minimum deposit requirement at RoboForex will depend on your chosen account type and deposit method. The minimum deposit required for the Pro, ProCent, Prime, and ECN accounts is $10 (or, €10). However, RoboForex requires a minimum deposit of $100/€100 for its proprietary R StocksTrader platform.
Is RoboForex A Good Broker For Day Trading?
The interface of the start page of the program begins with three blocks, in the first of which the client can see two charts of various trading instruments. The developers have made it clear from the start that the platform can work with several assets, simultaneously observing their dynamics on the main screen. Examining the block with charts in more detail, it should be noted immediately that there may be more charts displayed on the main page and they can be grouped according to different principles. For example, you can display three charts of the same instrument, but with different time values. Some RoboForex reviews state that there could be more resources on offer compared to other brokers.
RoboForex charges below-average spreads on instruments like the German DAX 40 index, which are typically used for swing trading. The broker also offers intuitive market research tools, such as its historical volatility indicator. What prevented it from scoring higher is the lack of alternative contract types to CFDs, such as vanilla options. RoboForex offers traders 33 currency pairs, 4 commodities, 9 index CFDs, 12,000+ equity CFDs, and 1,000+ ETFs.
From MetaTrader to R StocksTrader: Elevate Your Trading Game with RoboForex
Holding over 16 years of experience in global financial markets, and 4 B.A. Level academic qualifications in relevant degrees, we conduct thorough, unbiased evaluations of brokers to enable traders make informed decisions, using… RoboForex is a Belize-regulated broker offering diverse trading platforms (MT4/MT5, R WebTrader), competitive spreads and very high leverage.