Forex Broker Review: RoboForex
ROBOFOREX REVIEW
RoboForex Company Info
◘ Company Name: RoboForex is the Trading Name of RoboForex LP
◘ RoboForex Offices: RoboForex maintain 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
◘ Online since: 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
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
AUD/CAD AUD/JPY AUD/CHF AUD/NZD CAD/CHF AUD/USD CAD/JPY EUR/AUD CHF/JPY EUR/CAD EUR/GBP EUR/CHF EUR/JPY EUR/NZD EUR/NOK EUR/SEK GBP/AUD EUR/USD GBP/CAD GBP/JPY GBP/CHF GBP/NZD NZD/CAD GBP/USD NZD/CHF NZD/USD NZD/JPY USD/CAD USD/HKD USD/CHF USD/JPY USD/NOK USD/MXN USD/RUB USD/SGD USD/SEK USD/ZAR
RoboForex Platforms
◘ RoboForex Platforms: RoboForex offers MeaTrader4, MetaTrader5, RoboForex Power Trader
◘ RoboForex Mobile Trading: RoboForex offers app for iPhone, Android and iPad
◘ RoboForex Languages:
English, Chinese, Spanish, Indonesian, Malay, Russian and Portuguese
RoboForex Accounts
MT4 & MT5, iPhone, Android and Windows Trader
ROBOFOREX ACCOUNTS
Fix-Cent Account
Fix-Standard Account
Pro-Cent Account
Pro-Standard Account
ECN-Pro NDD Account
ECN-Fix NDD Account
Trading platforms
MT4 & MT5, iPhone, Android and Windows Trader
MT4 & MT5, iPhone, Android and Windows Trader
MT4 & MT5, iPhone, Android and Windows Trader
MT4 & MT5, iPhone, Android and Windows Trader
MT4 & MT5, iPhone, Android and Windows Trader
Minimum deposit amount
10 USD
50 USD
10 USD
50 USD
1,000 USD
1,000 USD
Commission (for 1 lot) MT4, MT5
No Commissions
No Commissions
No Commissions
No Commissions
$2.45
No Commissions
Commission cTrader
No Commissions
No Commissions
No Commissions
No Commissions
$30 (per 1 million USD)
No Commissions
Mode execution
Instant Execution
Instant Execution
Market Execution
Market Execution
Market Execution
Market Execution
Trading Spread
Fixed
from 2 pipFixed
from 2 pipFloating
from 0.4 pipFloating
from 0.4 pipFloating
from 0 pipFixed
from 2 pip
Trading Leverage
1:500
1:500
1:500
1:500
1:200
1:200
One Click Trading
Yes
Yes
Yes
Yes
Yes
Yes
Trading instruments
37 Forex Pairs
37 Forex Pairs
48 Forex Pairs
48 Forex Pairs
47 Forex Pairs
24 Forex Pairs
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 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 offer its clients with free Forex technical analysis, the latest news, and a free VPS trading service for those depositing more than $300. Scalping and Hedging is allowed while the trading cost is at normal level. In overall it is a very good ECN Forex Broker with just one disadvantage. It is a new company regulated only in New Zeeland.
Contact RoboForex Forex Broker
Address: Level 3, 13 O'Connell St, Auckland, 1010, New Zealand Tel: +64 92 148 139 General E-mail:
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Marketing Team E-mail:
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RoboForex Registrations: FSCL (4148) and FSP (246525)
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