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Forex Broker Review: RoboForex

ROBOFOREX REVIEW

 

RoboForex Company Info

◘ Company Name: RoboForex is the Trading Name of RoboForex LP

◘ RoboForex Offices: RoboForex maintains headquarters in New Zeeland and offices in Egypt, Hong Kong, Indonesia, Latvia, Malaysia, Moldova, Romania, Russia, Taiwan, and Thailand.

◘ RoboForex Regulation: RoboForex is regulated by » FSCL (New Zeeland)

◘ RoboForex Foundation: RoboForex was found in 2009

◘ Went Online: RoboForex went online in 2010

◘ US Clients: RoboForex accepts US Clients / RoboForex doesn't accept US Clients (NO)

◘ Islamic Accounts: RoboForex supports Islamic Accounts (YES)

◘ RoboForex Execution: ECN

◘ RoboForex Customer Support: Available Languages are English, Chinese, Indonesian, Malay and Russian

 » Visit RoboForex

RoboForex Trading Info

◘ RoboForex Trading Zone: EET (Eastern European Time)

◘ RoboForex Typical Spread: 2 pip Fixed and 0.4 pip Variable (EUR/USD)

◘ RoboForex Leverage: RoboForex max leverage is 500:1  for regular accounts and 200:1 for Pro Accounts

◘ RoboForex lot: 0.01

◘ RoboForex Scalping: (YES)

◘ RoboForex Hedging: (YES)

◘ Automated Trading: (YES)

◘ RoboForex Min. Account: Minimum account at RoboForex is 10 USD ($1,000 for Pro Fixed-Spread Accounts)

◘ RoboForex Account Currencies: RoboForex provide accounts in Euro, USD

◘ RoboForex Deposit Methods:

◘ RoboForex Withdrawal Methods:

 

 

RoboForex Forex Pairs

 

RoboForex Platforms

◘ RoboForex Platforms: RoboForex offers MeaTrader4, MetaTrader5, RoboForex Power Trader

◘ RoboForex Mobile Trading: RoboForex offers an app for iPhone, Android, and iPad

◘ RoboForex Languages:

 

RoboForex Accounts

ROBOFOREX PROS & CONS

RoboForex PROS	RoboForex CONS
√ Wide variety of Forex Pairs plus Gold and Silver Trading	X Trading Commissions on Pro Accounts ($2.25 / lot)
√ Many options for Automated Forex Trading plus 1-click-trading	X Regulated only in New Zeeland
√ The Innovative platform PowerTrader plus free VPS for deposits more than $300
√ Normal Spreads and high leverage up to 500:1
√ Scalping & Hedging is Available

 

RoboForex Review Final Conclusion

RoboForex provides a wide range of services to both pro and retail Forex Traders. RoboForex offers many trading instruments and a good variety of trading platforms, including MT4, MT5, and PowerTrader. The RoboForex Power Trader enables 1-click-trading, a Multi-Account Manager and Market Depth. RoboForex offers its clients free Forex technical analysis, the latest news, and a free VPS trading service for those depositing more than $300. Scalping and Hedging are allowed while the trading cost is at a normal level. Overall it is a very good ECN Forex Broker with just one disadvantage. It is a new company regulated only in New Zeeland.  

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