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RoboForex Review

Roboforex Review


Overall, RoboForex is a renowned broker that was founded in 2009 in Belize and is governed by the FSC. RoboForex provides its international customer base with a broad range of trading options for retail, corporate solutions, and partnerships in addition to specialized financial services and investment solutions.


In this in-depth review you’ll find the following information:


  • A complete RoboForex broker review
  • Details on RoboForex minimum deposits
  • An overview of RoboForex Account Types
  • RoboForex Demo account details
  • Steps to sign up for a RoboForex account
  • Steps to use when making a withdrawal from RoboForex
  • RoboForex vs AvaTrade vs HF Markets
  • Is RoboForex a good broker?


And lots more…


Let’s dive right in…


RoboForex at a Glance


🔎 𝗕𝗿𝗼𝗸𝗲𝗿🥇 𝗥𝗼𝗯𝗼𝗙𝗼𝗿𝗲𝘅
⚖️ Regulating AuthoritiesFSC
🌐 Countries not accepted for tradeUSA, Canada, Japan, Australia, Bonaire, Brazil, Curaçao, East Timor, Indonesia, Iran, Liberia, Saipan, Russia, Sint Eustatius, Tahiti, Turkey, Guinea-Bissau, Micronesia, Northern Mariana Islands, Svalbard and Jan Mayen, South Sudan
☪️ Islamic account (swap-free)✔️ Yes
👍 Demo Account✔️ Yes
📈 Maximum Leverage1:2000
💰 Minimum Deposit$10 USD
💻 Platform TypesMT4, MT5, RStocks Trader
🚀 Open an Account👉Click Here


Overall Rating

Min Deposit

USD 10



Trading Desk

MT4, MT5



Total Pairs


Islamic Account


Trading Fees


Account Activation

24 Hours


RoboForex Review – 21 Key Point Quick Overview




RoboForex Overview


𝗕𝗿𝗼𝗸𝗲𝗿𝗢𝗽𝗲𝗻 𝗮𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗠𝗶𝗻𝗶𝗺𝘂𝗺 𝗱𝗲𝗽𝗼𝘀𝗶𝘁𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘀
RoboForex👉Click Here$10 USDFSC


RoboForex is a renowned online broker that offers complete trading solutions by utilizing cutting-edge technologies in conjunction with years of trading industry experience.

Since its founding in 2009, RoboForex has solely had offices in Belize City, where 214 people work at the company’s headquarters.


RoboForex Review


10 Best Forex Brokers for 2023





Min Deposit

Official Site




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Is RoboForex Regulated?


🧾 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿🔎 𝗔𝗯𝗯𝗿𝗲𝘃𝗶𝗮𝘁𝗶𝗼𝗻📈 𝗟𝗶𝗰𝗲𝗻𝘀𝗲 𝗡𝘂𝗺𝗯𝗲𝗿
🥈Financial Service Commission 📝 FSC000138/437


RoboForex is a legitimate forex broker and electronic trading platform. It is regulated under license to perform forex broker and multi-asset trading services by a recognized regulatory authority and is covered by the Financial Commission Compensation Fund.

RoboForex provides further security of client funds by:

➡️️​ holding client funds in segregated accounts from company funds

➡️️​ providing a negative balance protection policy

➡️️​ having Civil Liability Insurance program in place

➡️️​ participating in the Financial Commission Compensation Fund

➡️️​ executing quality certificate from Verify My Trade


roboforex regulation


RoboForex Minimum Deposit


The minimum deposit for a Prime account is typically $10 USD, though this can change depending on the payment method used. The difference in trading value between ZAR and USD is the minimum ZAR deposit.


💰 Account🚀 Open an Account💰 Min Deposit
📌Prime👉Click Here$10 USD
📌ECN👉Click Here$10 USD
📌R StocksTrader👉Click Here$100 USD
📌ProCent👉Click Here$10 USD
📌Pro👉Click Here$10 USD


RoboForex Minimum Deposit


Types of RoboForex Accounts


𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝘀🥈 𝗦𝗽𝗲𝗰𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻
Prime accountFor experienced traders to trade on multiple asset classes with up to 300:1 leverage, with floating spreads from 0 pips with commissions payable. The minimum deposit is 10 USD/EUR.
ECN accountFor professional traders who want the tightest spreads and high execution speeds to trade on multiple asset classes with up to 500:1 leverage, with floating spreads from 0 pips and commissions payable. The minimum deposit is 10 USD/EUR.
R TraderFor multi-asset class stock trading for experienced traders to access 12 000 plus markets with a maximum leverage of 300:1 and commissions payable. Minimum deposit 100 USD.
ProCentFor traders who want to use cents as the base currency; recommended for beginner traders. Maximum leverage is 2000:1 with floating spreads from 1.3 pips and a minimum deposit of 10 USD/EUR.
ProFor the most optimal trading conditions to trade on multiple asset classes with a maximum leverage of 2000:1 and floating spreads from 1.3 pips and a minimum deposit of 10 USD/EUR.


RoboForex Account type selection




𝗙𝗲𝗮𝘁𝘂𝗿𝗲𝘀📌𝗣𝗿𝗶𝗺𝗲 𝗔𝗰𝗰𝗼𝘂𝗻𝘁
Minimum deposit$10 USD
Maximum leverage1:300
SpreadFloating from 0 pips
CommissionNo commission
Instruments28 currency pairs, Metals, CFD on US stocks, CFD on Indices, CFD on Oil, Cryptocurrencies, CFDs on Futures
🚀𝗢𝗽𝗲𝗻 𝗮𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁👉Click Here


ECN Accounts


𝗙𝗲𝗮𝘁𝘂𝗿𝗲𝘀📌𝗘𝗖𝗡 𝗔𝗰𝗰𝗼𝘂𝗻𝘁
Minimum deposit$10 USD
Maximum leverage1:500
SpreadFloating from 0 pips
CommissionNo commission
Instruments36 currency pairs, Metals, CFD on US stocks, CFD on Indices, CFD on Oil, Cryptocurrencies, CFDs on Futures
🚀𝗢𝗽𝗲𝗻 𝗮𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁👉Click Here


R StocksTrader


𝗙𝗲𝗮𝘁𝘂𝗿𝗲𝘀📌𝗥 𝗦𝘁𝗼𝗰𝗸𝘀 𝗧𝗿𝗮𝗱𝗲𝗿
Minimum deposit$100 USD
Maximum leverage1:500
Spreadfrom 0.01 USD
CommissionNo commission
InstrumentsMore than 12,000: Indices, Real stocks, CFD on stocks, Currencies and ETF, CFDs on Oil, CFDs on Metals, Cryptocurrencies, CFDs on Futures
🚀𝗢𝗽𝗲𝗻 𝗮𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁👉Click Here


ProCent Accounts


Minimum deposit$10 USD
Maximum leverage1:2000
SpreadFloating from 1.3 pips
CommissionNo commission
Instruments36 currency pairs, Metals, Cryptocurrencies
🚀𝗢𝗽𝗲𝗻 𝗮𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁👉Click Here


Pro Accounts


Minimum deposit$10 USD
Maximum leverage1:2000
SpreadFloating from 1.3 pips
CommissionNo commission
Instruments36 currency pairs, Metals, CFD on US stocks, CFD on Indices, CFD on Oil, Cryptocurrencies, CFDs on Futures
🚀𝗢𝗽𝗲𝗻 𝗮𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁👉Click Here


RoboForex Account Types


RoboForex Sign-Up Bonus


🎉 Sign Up BonusYes
💰 Minimum Deposit$ 10 USD
🤝 Partnership OptionYes
🚀 Open an Account👉Click Here


RoboForex Signing up Bonus


RoboForex Demo Account


🆓 Demo AccountYes
💰 Virtually FundedNot Indicated
💻 Terminal AccessFull
🚀 Open an Account👉Click Here


RoboForex Demo account


RoboForex Islamic Account


☪️ Islamic AccountYes
💻 Accounts OfferedRStockTrader, ProCent, Pro
🚀 Open an Account👉Click Here


RoboForex Islamic account


How to Open an RoboForex Account – Step-by-Step Guide


1. Step 1: Start your Registration


To open a forex trading account with RoboForex, follow the simple steps below:


1. Step 1: Start your Registration


To start the registration process, simply click on the green “open trading account” button on their official website


RoboForex Open an account


2. Step 2: Complete the Registration Form.


Complete the simple registration form and click on the Registration button below the online form.


RoboForex Complete online application


3. Step 3:  Verification and Deposit


Once account is registered, trader will receive confirmation email to verify the account. Trader also needs to send requested documentation, such as ID document for confirmation. As soon as all is done and received, the applicant can make their first deposit and start to trade.


RoboForex Account Registration 3



RoboForex Pros and Cons


✅ Pros❎ Cons
Regulated by FSCSome users may find that RoboForex's research tools and analysis are not as extensive as those offered by some other brokers
Offers a wide range of trading instruments, including currency pairs, commodities, indices, stocksRoboForex imposes inactivity fees on accounts that have been inactive for a certain period.
Supports popular trading platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5)
Provides educational resources for traders, including webinars, tutorials, and market analysis
Offers different types of trading accounts to cater to various trader preferences


RoboForex VS AvaTrade VS HFM – Comparison Table


𝑭𝒆𝒂𝒕𝒖𝒓𝒆𝒔☑️𝙍𝙤𝙗𝙤𝙁𝙤𝙧𝙚𝙭☑️𝑨𝒗𝒂𝑻𝒓𝒂𝒅𝒆☑️𝑯𝒐𝒕𝑭𝒐𝒓𝒆𝒙 (𝑯𝑭𝑴)
RegulationFSCRegulated by various authorities globally.Regulated by CySEC, FCA, and others.
Account TypesPrime, ECN, RStocksTrader, ProCent, ProStandard, Islamic, Demo, Managed AccountsMicro, Premium, Zero Spread, PAMM, and others
Trading Instruments36 currency pairs, Metals, CFD on US stocks, CFD on Indices, CFD on Oil, Cryptocurrencies, CFDs on FuturesForex, Cryptocurrencies, Stocks, Commodities, Indices, Bonds, and more.Forex, Cryptocurrencies, Metals, Energies, Indices, Shares, and more.
Minimum Deposit$10 USD$100 USD$5 USD
Leverage1:2000Up to 1:400 for retail tradersUp to 1:1000 for Micro, 1:500 for Premium
SpreadsVariable and competitive spreadsFixed and variable spreadsVariable spreads with tight options
Trading PlatformsMetaTrader 4, MetaTrader 5MetaTrader 4, MetaTrader 5, WebTerminalMetaTrader 4, MetaTrader 5, HotForex WebTrader
🚀𝑶𝒑𝒆𝒏 𝒂𝒏 𝑨𝒄𝒄𝒐𝒖𝒏𝒕👉Click Here👉Click Here👉Click Here


RoboForex Customer Reviews


RoboForex TrustPilot


Alex from support is top notch answered…

Alex from support is top notch answered really quick and with prompt responses 10/10 if i could put it


RoboForex Green Stars


Great service ….I recommend this…

Great service ….I recommend this broker…I’m so happy to work with them.


RoboForex Green Stars

I don’t understand so many negative…

I don’t understand so many negative reviews and 1-star ratings…
In my opinion, most of the problems here are caused by people themselves.
For me, RoboForex is an excellent broker.
Deposits and withdrawals within seconds to minutes.
Support is also available in my language (Czech) and they respond quickly and always provide assistance.
Moreover, you cannot actually go into a negative balance here. The broker will reset your account to zero.
5 stars*


RoboForex Green Stars


Deposits and Withdrawal


➡️  RoboForex provides bank payments, electronic payments, QR codes, and vouchers as deposit and withdrawal options.

➡️ Some electronic payment methods are Skrill, Neteller, Perfect Money, AstroPay, and STICPAY.


Steps to Withdraw Funds from RoboForex Account


𝗦𝘁𝗲𝗽𝘀𝗥𝗼𝗯𝗼𝗙𝗼𝗿𝗲𝘅 𝗪𝗶𝘁𝗵𝗱𝗿𝗮𝘄𝗮𝗹
𝗦𝘁𝗲𝗽 𝟭:
Select "Funds" after logging in to the RoboForex member's area.
𝗦𝘁𝗲𝗽 𝟮:
Choose "Withdraw," then the wallet, trading account, and payment method. Lastly, hit "Withdraw Funds" after entering the amount and currency and the wallet password.
𝗦𝘁𝗲𝗽 𝟯:
Please be aware that currency traders must transfer money from their trading account to their trading wallet in order for withdrawals to be successful.
𝗡𝗼𝘁𝗲𝘀Forex traders have to make sure that they use the same method for making deposits and withdrawals.


RoboForex Deposit and Withdrawal


RoboForex Fees, Spreads, and Commission


📌 RoboForex charges three different kinds of fees. Users of Prime, ECN, and R Trader Accounts pay commission fees; users of all other account types pay spread charges; and users without swap-free accounts that decide to keep open positions after the trading day concludes pay swap costs.


📌  The expense a trader bears when utilizing RoboForex’s services is known as a forex trading cost. This expense might be used for commissions and spreads, among other things.


📌  Spreads are the difference, expressed in pip values, between the ask and bid prices; round trades incur commissions, which are not applicable to all accounts. The fees forex traders incur for keeping their positions open later in the trading day are known as swap, overnight, or rollover fees.


📌 PrimeFloating from 0 pips 1:300Up to 10% of commission
📌 ECNFloating from 0 pips 1:500Up to 15% of commission
📌 R StocksTraderfrom 0.01 USD 1:5000%
📌 ProCent Floating from 1.3 pips 1:2000Up to 1.5% of the Company’s revenue
📌 ProFloating from 1.3 pips1:2000Up to 15% of the company’s revenue


RoboForex Fees and Spread


RoboForex Partnership Options


Establishing an affiliate, Earn up to 70% commission on affiliate accounts that come with daily payments, round-the-clock support, and basic analytics.


RoboForex Partnership


RoboForex CopyFX


CopyFX is a copy-trading investment platform developed by RoboForex Global. CopyFX allows you to access the forex market as an investor or become a manager. It is suitable for both beginners and experienced traders.


RoboForex CopyFX


RoboForex Product Portfolio


RoboForex offers access to 7 asset classes via multiple trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5). The asset classes include Forex, Stocks, Indices, ETFs, Soft Commodities, Energies and Metals.


ForexMore than 40 currency pairs
StocksCFDs on stocks of Amazon, Facebook, Siemens and more than 12 000 other instruments
IndicesTrading instruments which consist of a group of bonds and show changes in their prices; examples of indices include the FTSE 100 (UK100), Dow Jones, the DAX and NASDAQ100
ETFsMore than 1 000 different ETFs, including FITS, SPY, USMV and UUP
Soft commoditiesInvest into ETFs on cocoa, coffee, corn, wheat, sugar, soybean, fruit and more
EnergiesETFs and CFDs on heating oil, oil, natural gas and ethanol
MetalsInvest in Gold (XAU/USD), Silver (XAG/USD) and ETFs on gold, palladium, platinum and silver


RoboForex Instruments


RoboForex Broker Trading Platforms


RoboForex offers multiple trading platforms, including the CopyFX platform for investors. RoboForex is primarily a MetaTrader broker and offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5).


MetaTrader 4

MetaTrader is an electronic trading platform that was pioneered by the developers, MetaQuotes Software. The software company has released a number of versions since it started up in 2002 but hit the jackpot with a significantly enhanced version called MetaTrader 4 that it took to market in 2005. In 2010, MetaQuotes Software introduced the significantly re-coded MetaTrader 5.

Today, MetaTrader 4 (MT4) is one of the most widely-used online trading platforms for retail foreign exchange (forex) speculative traders. MetaTrader 5 (MT5) is a more advanced trading platform and is growing in popularity as investors find value in its superior features.


MetaTrader 5

MT4 and MT5 both provide forex traders with an advanced automated trading system supplemented with advanced technical analysis features and expert advisors. MT4 was built almost entirely for forex trading, where MT5 functions to provide traders with access to CFDs, stock and futures. Bear in mind, MT5 is not an upgrade of MT4, it has its own function.


MT4 is simpler to use and more suitable for investors who are new to trading in forex. MT5 is a more versatile trading platform with advance features and suitable for investors who are trading across a broader platform than forex.



cTrader is a platform for experienced traders who prefer order execution speed and unconventional instruments to implement their trading strategies. The RoboForex cTrader trading platform is available for desktop download and via web browser and offers features such as:

➡️️​ rare types of order functionality


➡️️​ level ii pricing

➡️️​ 54 technical indicators

➡️️​ 14 timeframes


RoboForex R Trader

The RoboForex R Trader platform is available via web browser and offers the following features:

➡️️​ no download required


➡️️​ trade on more than 12 000+ markets

➡️️​ track corporate actions

➡️️​ level II market depth and time and sales

➡️️​ trading robot builder

➡️️​ initial deposit is 100 USD

➡️️​ stocks leverage is up to 1:20

➡️️​ advanced watchlists


RoboForex Trading Platforms




In conclusion, RoboForex presents a regulated and diverse trading platform that caters to a range of traders with its array of instruments and account types. The broker offers notable advantages such as regulatory adherence and access to popular trading platforms.


Overall Rating

Min Deposit

USD 10



Trading Desk

MT4, MT5



Total Pairs


Islamic Account


Trading Fees


Account Activation

24 Hours




Forex is a complex instrument and trading forex involves a high risk of losing money rapidly due to leverage. You need to understand how forex trading works and decide whether you can afford to take the risk of losing money on trade orders that do not go your way.

Forex Trading Africa annually reviews brokers regarded as the best in the world and provides information on the tools, market analysis and service they offer. We aim to provide important information for you to base your decisions on when choosing the right forex broker for your needs.


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Frequently Asked Questions


Does RoboForex have a Welcome Bonus?

Yes, RoboForex offers a Welcome Bonus. You get 30 USD when you register with RoboForex for the first time; after your personal information has been verified and your account opened.


Who owns RoboForex?

RoboForex is part of RoboForex Global that was established in 2009. RoboForex Global headquarters are based in Belize City, Belize. The brokerage group has representative offices in the major forex trading jurisdictions.


Does RoboForex offer social trading?

Yes, RoboForex offers social trading through the CopyFX trading platform. CopyFX was developed by the RoboForex Group to simplify the trading process for its clients, allow them to manage their own risks more accurately as well as share their trading experience for additional profits.


Does RoboForex have Nasdaq?

Yes, RoboForex offers trading in the NASDAQ 100 technology stock index, accessible as CFDs. RoboForex offers a free video course on trading on NASDAQ and NYSE stock exchanges. These lessons help clients to go deep into data analysis, find out about specifics of working with different instruments and learn how to create trading strategies.


Does RoboForex offer cryptocurrency trading?

Yes, RoboForex offers cryptocurrency trading on its MT4 and MT5 trading platforms as CFDs. Traders cannot buy and sell the underlying asset (e.g. Bitcoin, Ethereum).

In March 2023, RoboForex announced its decision to cut down the list of cryptocurrencies and crypto-indexes available for trading in MetaTrader 4, MetaTrader 5 and R Trader.


Can I start trading with no money in my RoboForex live account?

No, you cannot start trading if you have not deposited the required minimum balance in your RoboForex live account. You can only trade with no deposit on a free demo account but you are practicing to trade with ‘fake’ money and do not earn profits from any trades.


Does RoboForex offer an Islamic account?

Yes, RoboForex offers an Islamic trading account. This is known as a ‘no swap account’ because the accounts charge no swap or rollover interest on positions held overnight in the forex market. Only an administration fee is charged on open positions.


How to deposit money into a RoboForex account?

Funds can be deposited into a RoboForex trading account in multiple ways; via credit and debit cards, bank wire transfer and eWallet payment methods such as Neteller, Skrill, Fasapay, POLi, China UnionPay, AdvCash, AstroPay and others.


What are RoboForex’s fees for deposits and withdrawals?

RoboForex offers 0% commissions on deposits and withdrawals. Roboforex covers all expenses for depositing funds into accounts and making withdrawals.


What leverage does RoboForex offer?

RoboForex offers maximum leverage up to 2000:1 on certain trading accounts.


Where is RoboForex’s headquarters based?

Registered address: 2118 Guava Street, Belama Phase 1, Belize City, Belize


What are the trading fees of RoboForex?

RoboForex has mixed fees with non-commission and commission-based accounts. Commissions and spreads depend on the type of account you open. RoboForex does not charge any account fees and deposits and withdrawals are free of charge.


Who is the CEO of RoboForex?

The CEO of RoboForex Global is Rudolph Simmons.


Does RoboForex offer online support?

Yes, RoboForex offers dedicated online Customer Service support for its forex traders in 14 languages via Live Chat on their website. Live Chat is available 24-hours a day on the 5 working days. You can also contact RoboForex Customer Services via email or telephone.


Does RoboForex offer a demo account for forex traders?

Yes, RoboForex offers a free demo account to registered clients.


How many days do RoboForex withdrawals take?

Withdrawal applications should be processed by RoboForex within two business days from 9h00 to 18h00 (EET). If you have any queries at any step of the withdrawal procedure, you can contact RoboForex Live Support.


Does RoboForex have a mobile app for forex trading?

Yes, RoboForex offers an award-winning mobile app for forex trading.


Does RoboForex publish an Economic Calendar?

Yes, RoboForex publishes an Economic Calendar. The RoboForex global Economic Calendar comprises routine financial events which affect the financial markets. The events on the RoboForex Economic Calendar are pre-scheduled and include statements made by countries and other leading players in the financial arena such as central banks, the International Monetary Fund (IMF) and governments. Skilled traders anticipate these events and plan their trades in accordance. Each of these newsworthy economic events can create changes in the value of different financial assets and positions on forex trading.


What types of accounts does RoboForex offer?

RoboForex offers 5 main types of trading accounts; Prime, ECN, R Stocks Trader, ProCent and Pro. RoboForex also offers demo trading accounts and Islamic swap-free accounts. Each RoboForex account type has different features and conditions which are suitable for different types of forex traders.


Is RoboForex a good broker?

In terms of security, state-of-the-art electronic trading platform options, research and education; RoboForex is rated highly as a trusted broker. RoboForex has been in business since 2009 and has established itself as a regulation-compliant forex and CFDs broker that is safe to use by traders in Africa.

9.7/10 - (24 votes)

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