Roboforex Review: Can Roboforex Be Trusted?

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This is a super in-depth Roboforex review.

Roboforex is an international forex and cryptocurrency broker that has been operating since 2009, regulated and licensed by the FSC.

Since its inception, Roboforex has always been focused on providing the best trading conditions using innovative technologies and many years of experience. 

RoboForex offers 8 asset types and more than 12,000 instruments for trading. 

We’re impressed with the variety of services they provide clients and partners, which are of the same quality for all, regardless of their experience and the number of their investments.

However, in this up-to-date review, I will break down:

  • Can RoboForex be trusted?
  • RoboForex account types
  • What is the minimum deposit for RoboForex?
  • RoboForex welcome bonus
  • RoboForex withdrawal review
  • RoboForex copyFx review

Can RoboForex Be Trusted?

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Yes, RoboForex can be trusted, at the international business magazines award in 2022, they won the most trusted broker, and at the world economic magazine award in 2022, they won the most transparent broker ( global ). 

They have a special brokerage license FSC trading in financial and commodity-based derivative instruments and other securities under the number 000138/333.

The regulator ensures that only the most reliable and socially responsible companies receive the license to operate within Belize and beyond.

As a financial market regulator, FSC carries out certification of and control over the market members, as well as guarantees efficiency, honesty, and transparency of the work of its grantees.

Since 2018, Roboforex regularly undergoes quality auditing reviews of order execution the verify any trade service and partners with the financial commitment that provides for objective evaluation of how brokers execute trade orders. 

Successful completion of this procedure confirms the broker’s compliance with the strict requirements of the financial commitment to its members.

Roboforex is also an official participant of The Financial Commission, an international organization, which resolves disputes between its participants and their clients.

Roboforex, which is an “A” category member, also is a participant in the commission’s compensation Fund. 

The compensation fund is a service included with financial commission membership which protects up to €20,000 per case should a Member refuse to adhere to a judgment from the Financial commitment.

In addition, Roboforex has implemented a civil liability insurance program for a limit of 5,000,000 EUR, which includes market-leading coverage against omissions, fraud, errors, negligence, and other risks that may lead to financial losses for clients.

Roboforex Account Types

Roboforex offers its clients 4 account types namely, Demo, Prime, ECN, Pro, ProCent, and R stock trader.

Demo

Roboforex offers new traders the opportunity to backtest their trading conditions like instruments, spreads, swaps, and execution speed without investing with real money.

  • First Deposit: Not required
  • Execution Type: Market execution
  • Spreads: Depends on the type of account
  • Instruments: Depends on the type of account
  • Bonus: Limited number of offers
  • Trading Platforms: Depends on the type of account

Prime

Prime account type has the best trading condition on Roboforex.

With a prime account, you can trade currency and every other market with a minimum deposit of 10 USD or 10 EUR.

  • First Deposit: 10 USD / 10 EUR / 100 CNY
  • Execution Type: Market execution
  • Spreads: Floating from 0 points
  • Instruments: 28 currency pairs, metals, and CFD
  • Bonus: Limited number of offers
  • Trading Platforms: MT4 and MT5

Pro Account

Pro account types are the most popular type for beginners and it provides the balanced condition for efficient trading on currency and every other market.

  • First Deposit: 10 USD/ 10 EUR/ 100 CNY
  • Execution Type: Market execution
  • Spreads: Floating from 1.3 points
  • Instruments: 36 currency pairs, metals, and CFD
  • Bonus: All offers
  • Trading Platforms: MT4, and MT5

ProCent Account

OrCent account type can be used to backtest different strategies, and EAs, as well as smooth transitioning from a demo trader to a real trader.

  • First Deposit: 10 USD/ 10 EUR/ 100 CNY
  • Execution Type: Market execution
  • Spreads: Floating from 1.3 points
  • Instruments: 36 currency pairs, metals, and CFD
  • Bonus: All offers
  • Trading Platforms: MT4, and MT5

R StockTrader Account

This is an account type for trading the R stock web platform and mobile app of the same name.

  • First Deposit: 100 USD
  • Execution Type: Market Execution
  • Spreads: Floating from 0 points
  • Instruments: Over 12,000stock, indices, forex, ETFs, and CDs
  • Bonus: Not available
  • Trading Platform: R StockTrader – Web platform

ECN Account

As an experienced trader, this could be your choice.

ECN account combines the highest order execution speed and competitive trading conditions.

  • First Deposit: 10 USD/ 10 EUR/ 100 CNY
  • Execution: Market execution
  • Spreads: Floating from 0 points
  • Instruments: 36 currency pairs, metals, and CFD
  • Bonus: Limited number of offers
  • Trading Platform: MT4, and M T5

What Is The Minimum Deposit For Roboforex?

The minimum amount you can deposit on Roboforex strictly depends on the type of account you open.

For Prime, ProCent, and ECN accounts, the minimum deposit is 10 USD / 10 EUR and the minimum deposit on the R Stocktrader account is 100 USD/ 100 EUR.

Roboforex Welcome Bonus

Roboforex welcome bonus is 30 USD, and you can only get this bonus If you open an account, verify and deposit the minimum of the amounts that shit your type of account.

Roboforex Withdrawal Review

Withdrawal is something you need to take into account when you are dealing with a forex broker. 

The fact that Roboforex has such an impressive reputation as a broker that you can trust has already made it harder for us to take our eyes off them as our choice.

However, let’s review the Roboforex withdrawal, and we will break down and explain:

  • How long does it take to withdraw from Roboforex?
  • Roboforex withdrawal time
  • Roboforex withdrawal limit
  • Roboforex withdrawal commission

How Long Does It Take To Withdraw From Roboforex?

Withdrawing your fund from Roboforex can take 1 to 10 minutes when withdrawing to an electronic payment system, and it can take 1 to 10 days when withdrawing to your bank cards.

Roboforex provides an electronic payment system for easy withdrawal like Neteller, AdVcash, Skrill, Webmoney, and perfect money, and also provides visa and master bank cards.

Roboforex Withdrawal Time

You can withdraw your fund on Roboforex anytime even on weekends since their withdrawal system operates 24 hours, 7 days.

Roboforex provides its client’s automatic withdrawal which helps them withdraw their funds immediately not only during trading hours but also on weekends or holidays.

RoboForex Withdrawal Limit

According to RoboForex, the withdrawal limit for vial Skrill is 0.1 USD to 50,000 USD while the withdrawal limit for vial Neteller is 5 USD to 10,000 USD.

Skrill and Neteller are electronic payment systems with international licenses and regulations from the FCA (Financial Conduct Authority).

And they are highly recommended if you want to withdraw or deposit on Roboforex with ease and smooth transactions.

RoboForex Withdrawal Commission

RoboForex charges 0 commission whenever clients withdraw from their trading account, but your bank or other payment agents may charge you some USD.

There’s an ongoing program on Roboforex that allow traders to withdraw with 0 commission on the first and the third Tuesday of each calendar month.

On the above-mentioned days of the week, a client can withdraw funds without any commissions via any available payment system only once a day.

RoboForex CopyFx Review 

Roboforex copyfx is an investment platform that helps beginners and advanced traders to copy successful traders’ trades to increase their trading efficiency.

With a minimum of 100 USD, you can start investing with Roboforex copyfx, and you can control every stage of your allocations of funds.

And for you to start investing in Roboforex copyfx, all you have to do are:

Register

Complete a simple registration procedure of Members Area and open any type of account except for MT5 and R StocksTrader accounts with the netting position accounting model.

Specify The Investment Amount

Decide on the amount of money you want to invest together with CopyFX and deposit it to your account using one of 20 available payment systems.

Start Working

Copy transactions or offer your strategies to others to copy them. 

The choice is yours! Specify conditions and create subscriptions right in your RoboForex Members Area or in the R StocksTrader Mobi application and the mobile version of the platform.

Conclusion

Roboforex has proven to be one of the very best forex brokers ever since 2009.

They are regulated and licensed by FSC.

They have 4 account types that suit every trader even if you are just starting.

Your funds are super saved, and your withdrawal is almost immediately.

If you are looking to choose a broker, Roboforex is a good choice.