ROBOFOREX RATING REVIEW -Using the Formula V.4.0.
The following RoboForex Rating analysis is based on the Forex Brokers Formula v.4.0. published in the affiliated TradingCenter.org.
RoboForex Rating Summary
The sum of each Main Factor of RoboForex Rating Analysis (1, 2, 3, 4):
| ROBOFOREX RATING SUMMARY | ||
| MAX | ACHIEVED | |
| 1. Credibility | 28.00% | 10.85% |
| 2. Competition | 30.00% | 26.00% |
| 3. Trading-Options | 26.00% | 21.00% |
| 4. Technology | 16.00% | 11.00% |
| Overall Rating | 100.00% | 68.85% |
RoboForex Rating Analysis
Analysis of each Sub-Factor forming RoboForex total rating result.
| ROBOFOREX -RATING ANALYSIS | ||||
| TOTAL RATING | 100.0% | ROBOFOREX ANALYSIS | ||
| Weight Analysis | Factor Analysis | 68.85% | ANALYSIS | |
| 1. FOREX BROKER CREDIBILITY | 28.00% | FACTOR-1 ANALYSIS | 10.85% | RoboForex Credibility Analysis |
| 1.1 RoboForex Level of Regulation | 12.00% | FSC (BVI)=1.0%, CYSEC=3.0%, FSCL=3%, CBI=4.0%, ASIC=4.0%, BaFIN=5.0%, FSA (UK)=6.0%, FINMA=8.0% and MiFID=+4.0% | 3.00% |
RoboForex is regulated by FSC (Belize) CHANGED AFTER RATING TO FSC (000138/7) |
| 1.2 RoboForex Headquarters Base | 5.00% | Offshore=0%, Cyprus=2.0%, New Zealand=4.0, Ireland, Australia=4.0%, USA, UK, Germany, France, Switzerland=5.0% | 4.00% |
RoboForex Home Base is in New Zealand = 4.0% (NEW: BELIZE) |
| 1.3 RoboForex Years in the Market | 4.00% | 0-2 Years=0%, 2-4 Years =1.0%, 5-7 Years=2.0%, 7-10 Years=3.0%, 10+ Years =4.0% | 1.00% | RoboForex was founded in 2009 2-4 years = 1.0% |
| 1.4 US Traders | 2.00% | Yes=2.0 or No=0 | 0.00% | RoboForex doesn't allow US traders = 0% |
| 1.5 RoboForex Web Ratings (Usage for differentiating results) | 5.00% | 2 Ratings: ForexPeaceArmy Rating=2.5%, EarnForex Rating=2.5% | 2.85% | RoboForex FX FPA=3/5 & Earn Forex= 5.4/10, Total = 5.7 / 10.0 = 2.85 / 5.0 |
| 2. FOREX BROKER COMPETITION | 30.00% | FACTOR-2 ANALYSIS | 26.00% | RoboForex Competition Analysis |
| 2.1 RoboForex Offering Spread (EUR/USD) | 12.00% | EUR/USD Spread <0.5=12.0%, <0.6=11.0%, <0.7=10.0%, <0.8=9.0%, <0.9=8.0%, <1.0=7.0%, <1.25=6.0%, <1.50=5.0%, <2.0=4.0%, <2.5=3.0%, <3.0=2.0%, <3.5=1.5%, <4.0=1.0%, >4%=0 | 12.00% | RoboForex EUR/USD Minimum Spread is 0.4 pips = 12.0% |
| 2.2 RoboForex Commissions on Trading | 7.00% | No Commissions=7%, Low Commissions=4%, Low to Medium Commissions=3%, Medium Commissions=2%, Medium to High Commissions=1%, High Commissions=0 | 4.00% | Some Commissions are charged ($2,25 / lot) but only for ECN Pro Accounts = 4.0% |
| 2.3 RoboForex Commissions on Deposit / Withdrawal | 2.00% | Yes=0 or No=2.0% | 2.00% | No Withdrawal Commissions are charged by RoboForex = 2.0% |
| 2.4 RoboForex Maintenance Fees | 2.00% | Yes=0 or No=2.0% | 2.00% | No Maintenance Fees by RoboForex = 2.0% |
| 2.5 RoboForex Rate of Leverage | 4.00% | 400%+=4.0%, 350%=3.5%, 300%=3.0%, 250%=2.5%, 200%=2.0%, 150%=1.5%, 100%=1.0%, <100%=0% | 4.00% | Max Leverage at RoboForex is 1/500 = 4.0% |
| 2.6 RoboForex Customer Service Quality | 3.00% | 24/7=1%, 24/6=0.5%, 24/5=0%, Phone=1.0%. Live Chat=1.0%, Skype=1.0% | 2.00% | RoboForex provides 24/5=0%, Phone=1%, Skype=1%, Total = 2.0% |
| 3. FOREX BROKER OPTIONS | 26.00% | FACTOR-3 ANALYSIS | 21.00% | RoboForex Trading Analysis |
| 3.1 RoboForex Available Forex Currencies | 8.00% | 45+ Currency Pairs=8.0%, 40+ Currency Pairs=7.0%, 35+ Currency Pairs=6.0%, 30+ Currency Pairs=5.0%, 25+ Currency Pairs=4.0%, 20+ Currency Pairs=3.0%, 15+ Currency Pairs=2.0%, 10+ Currency Pairs=1.0%, Less than 10 pairs=0 | 8.00% | RoboForex offers 48 Forex Currencies = 8.0% |
| 3.2 RoboForex Other Financials Available | 2.00% | Commodities=1.0%, Energy=1.0%, CFD trading=1.0% | 1.00% | RoboForex offers only Precious Metals (no more CFDs) Total = 1.0% |
| 3.3 RoboForex Bonus / Rebate Rate | 8.00% | Bonus / Rebate >40%=8.0%, >35%=7.0%, >30%=6.0%, >25%=5.0% >20%=4.0%, >15%=3.0%, >10%=2.0%, >5%=1.0 | 5.00% | Deposit Bonus at RoboForex is up to 25%, Rating = 5.0% |
| 3.4 Scalping Allowance | 1.50% | Yes=1.5% or No=0% | 1.50% | RoboForex allows Scalping = 1.5% |
| 3.5 Hedging Availability | 1.50% | Yes=1.5% or No=0% | 1.50% | Yes RoboForex allows hedging = 1.5% |
| 3.6 RoboForex Number of Deposit Methods | 2.50% | For each deposit method available=0,5%, max=5 methods | 2.00% | 4 methods available by RoboForex (Credit Cards, Liberty Reserve, WebMoney, and Wire transfer) = 2.0% |
| 3.7 RoboForex Number of Withdrawal Methods | 2.50% | For each withdrawal method available=0,5%, max=5 methods | 2.00% | 4 methods available by RoboForex (Credit Cards, Liberty Reserve, WebMoney, and Wire transfer) = 2.0% |
| 4. FOREX BROKER TECHNOLOGY | 16.00% | FACTOR-4 ANALYSIS | 11.00% | RoboForex Technological Analysis |
| 4.1 RoboForex Available Platforms | 5.00% | Each Supported Platform=1%, max=5 | 3.00% | MetaTrader4, Metatrader5 and Fx Power Trader platforms are available at RoboForex = 3.0% |
| 4.2 API Trading Availability | 1.00% | Yes=1.0 or No=0 | 1.00% | Yes, an API Bridge is available at RoboForex = 1.0% |
| 4.3 Automated Trading (Expert Advisors) | 2.00% | Yes=2.0 or No=0 | 2.00% | RoboForex allows signals from Expert Advisors = 2.0% |
| 4.4 RoboForex Mobile Devices Support | 2.00% | Each Supported Device=0,5% (iPhone, iPad, Android, Windows Mobile, Blackberry), max=4 | 1.50% | RoboForex provides applications for iPhone, iPad, and Android devices = 1.5% |
| 4.5 RoboForex MT4 / MT5 Availability | 1.00% | Yes=1.0 or No=0 | 1.00% | Yes, RoboForex offers Metatrader4 and MetaTrader5 = 1.0% |
| 4.6 RoboForex Level of Innovation | 5.00% | High Innovation=5%, Medium Innovation=2.5% | 2.50% | Medium Innovation (offering many Forex currencies, MT4 & MT5, mobile traders and EAs) = 2.5% |
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