RoboForex Review 2024 – Analysis of Forex Broker RoboForex


RoboForex logo

– ECN/STP broker from Cyprus specialized in Forex and CFD

-It is a fully regulated broker

-Variable and tight spreads

RoboForex – Broker Review

RoboForex Ltd is a NDD/STP/ECN Forex broker from Belice which offers the possibility to trade with currency pairs (Forex market), commodities like gold and silver, and Contracts For Difference through various trading platforms. This company provides a variety of services to its clients, including solutions of social trading, trading competitions, regular promotions for new and existing clients, various types of trading accounts, managed accounts, various trading platforms, and many more.

Currently, RoboForex is one of the most versatile and varied brokers in its services, as it not only offers trading accounts for the Forex market but also a platform for trading and investing in shares of the American stock market. This, along with the quality of its ECN execution, the possibility of opening an account and trading with low amounts, and other characteristics, make RoboForex an option that we must consider.

Type of broker

RoboForex is an online NDD/STP/ECN Forex and CFD broker.


RoboMarkets Ltd is a company regulated by Cyprus Securities and Exchange Commission (CySEC), license No. is 191/13. This means that this broker complies with the regulations stipulated by the MiFID in Europe. This broker only offers services to traders from Europe.
RoboTrade Ltd is regulated by the International Financial Services Commission Belize (IFSC) with the license IFSC/60/271/TS/14. This broker offers its services to clients outside Europe. IT DOES NOT ACCEPT EUROPEAN TRADERS.
This review is focused on RoboForex Ltd.

Country of origin

This company and its subsidiaries have their main offices in Cyprus, New Zealand, and Belice.

Trading Instruments

RoboForex offers the following market instruments to trade:
  • Forex market: 36 currency pairs in the Forex spot market, from the most important and traded like the EUR/USD, GBP/USD, and USD/JPY to other more exotic like the USD/CZK or USD/MXN. Trading conditions for Forex depend on the trading account chosen by the trader.
  • Precious metals: Gold and Silver (against the USD and EUR) in the spot market and platinum and palladium against the USD.
  • Contracts For Difference* based on:
    • Energy commodities: Crude oil (WTI and Brent) in the spot market.
    • Stock Indices: The main stock indices (cash indices) of the market such as US30Cash (Dow Jones), US500Cash (S&P 500), USTECHCash (Nasdaq), UK100Cash (FTSE 100), and DE30Cash (DAX 30).
  • Stocks of US Market: More than 8400 shares and ETFs of the United States stock market, such as Google, Apple, Amazon, Facebook, Boeing, Twitter, and many others.
*The trading conditions for CFD depend on the underlying instrument of the contract and the market conditions.

Trading Accounts​

This broker offers 6 different types of trading accounts for traders with different profiles. Each of these accounts has its own features which are detailed below:
 AccountsFix-CentFix-EstandarPro-CentPro-EstándarECN-Pro NDDECN-Fix NDD
Trading platform
Metatrader 4
iPhone Trader
Android Trader
Metatrader 4


iPhone Trader
Android Trader
Metatrader 4


Metatrader 5


iPhone Trader
Android Trader

Metatrader 4

Metatrader 5


iPhone Trader
Android Trader

Metatrader 4

Metatrader 5


iPhone Trader
Android Trader
Metatrader 4



iPhone Trader
Android Trader
Trading instruments
-33 currency pairs
-Precious metals
-33 currency pairs
-Precious metals
-36 currency pairs
-Precious metals
-36 currency pairs
-Precious metals
-36 currency pairs
-Precious metals
-13 currency pairs
-Precious metals
Minimum depositNoNoNoNoNoNo
Minimum transaction size
Commissions for tradingNoNoNoNo20 USD for 1 million USDNo
SpreadsFixed from 2 pipsFixed from 2 pipsFloating from 1.3 pipsFloating from 1.3 pipsFloating from 0.0 pipsFixed from 1.6 pips
Maximum leverage1:10001:10001:10001:10001:3001:300
Mode of executionInstant ExecutionInstant ExecutionMarket executionMarket executionMarket executionInstant execution
Deposit bonusesUp to 50%Up to 50%Up to 50%Up to 50%NoNo
Rebates” serviceup to 1.5% of the spreadup to 1.5% of the spreadup to 1.5% of the spreadup to 1.5% of the spreadup to 1.5% of the spread
up to 1.5% of the spread

-The account currency for all account types is USD, EUR, CNY, and Gold. While a minimum deposit is not required to open an account with RoboForex due to trading conditions offered by each account is recommended that the trader deposit at least $10 in Fix-Cent and Pro-Cent accounts and at least $50 to the Fix-Standard, Pro-Standard, ECN-Pro NDD, and ECN-Fix NDD accounts.

-The trading execution mode “Market Execution” means that customer transactions are executed according to current market conditions.
-The Trading accounts ECN-Pro NDD and ECN-Fix NDD offer the customer a pure ECN execution (no dealing desk and greater market depth than others). They are characterized by a rapid and efficient trade execution. The difference between the two accounts is that the ECN-Pro offers variable and low spreads from 0 pips onwards while the ECN-Fix offers fixed spreads from 2 pips onwards at all times.
RoboForex trading accounts

More information about the commissions and fees charged by this broker at: RoboForex commissions&fees


Demo Accounts

Yes, with no limit of time. RoboForex offers its clients the possibility to open a practice demo account without a time limit and $5,000 of virtual money, which can be used to practice their trading strategies and evaluate the services offered by this company. This practice account can be opened with all trading platforms of RoboForex.

Learn more about RoboForex demo accounts and the process of opening one in the following tutorial: RoboForex demo account – Tutorial for beginners

Trading Platforms

Roboforex offers the following trading platforms for its five types of trading accounts:
  • Metatrader 4: It is one of the most famous trading platforms in the sector and has many tools and applications. It is a downloadable application that allows trading with currency pairs, commodities, futures, and contracts for differences. It has multiple market analysis tools such as advanced price charts (with 9 frames), more than 50 technical analysis indicators incorporated, and others. It also offers the possibility to create custom indicators through a programming language called Metaquotes (MQL4) designed for this platform. Its interface is user-friendly and offers 3 different types of order execution. The traders have the option of using a wide variety of orders (market order, deferred order, stop-order, etc) so that it is possible to implement any type of trading strategy. Metatrader 4 allows to create, evaluate and implement automated trading systems known as Expert Advisors, which can trade in the market independently according to the trading strategies programmed in their code.
  • MetaTrader 5: This is the new version of the MetaTrader 4 platform and besides all the features and advantages mentioned above, this application includes new enhancements such as the possibility of trading currency pairs in the Forex market, stocks (stock market), commodities, futures, CFDs, and options, which allows the trader to diversify their operations through a single application. Metatrader 5 also has more built-in technical indicators, more time frames for its charts (21 timeframes), the possibility of opening up to 100 different graphics at the same time, four types of execution, and the latest development of language Metaquotes (MQL5), and more.
  • Webtrader of RoboForexIt is a web-based application that allows trading from any place with an Internet connection. This application offers a user-friendly and customizable interface, various types of orders, position management tools, updated quotes via the advanced market watch, updated market news, advanced charts with technical indicators, and more. This trading platform is compatible with RoboForex Metatrader accounts.
  • R-Trader: This is a modern web trading platform designed for trading US Stocks that offer direct access to the real stock market from 100 USD. This application has a complete and user-friendly interface with access to many industries for trading, investing and trading strategies, ideas from the trading community, and information on stock`s corporate events like cash dividends, splits, mergers, and more. The platform also offers updated market quotes, modern price charts, built-in technical analysis tools, and updated market news.
  • Platforms for mobile devices: RoboForex offers its customers various applications created to access the trading account and trade in the market through various mobile devices such as smartphones of different brands, tablets, and the like. These platforms include a variety of functions such as updated prices, various types of orders, price charts, and others. They are based on the Metatrader 4, Metatrader 5, and RStocksTrader platforms (hence they are compatible with these trading systems).
    • iPhone/iPad Trader (for MT4 and MT5).
    • Android Trader (for MT4 and MT5).

*In case the trader opens a Pro-Cent, Pro Standard, or Pro-ECN account, the Metatrader platforms include a function that displays Level 2 quotes (with greater market depth). In this way, the trader can observe and analyze a large number of buy and sales orders in the market. This helps the trader in the decision-making process about buying or selling a financial instrument, as the trader has a deeper insight into the development of market forces at any given time. Currently, RoboForex offers Level 2 quotes for major Forex currency pairs.

RTRader platform of RoboForex
RTrader trading platform

Social Trading Platform CopyFX

RoboForex has developed a copy trading platform (a form of social trading) called CopyFX which allows to follow and copy in real-time transactions in the markets made by other traders operating with this broker, including successful traders with experience in the financial markets like Forex. CopyFX is fully integrated into the client platform and account so that the whole process of selecting and copying the trading signals can be made directly from the user platform with a few clicks. This service of RoboForex offers the opportunity to invest in the market to traders without the experience and knowledge necessary to trade on their own, but who have an interest in the enormous potential of the Forex market to generate profits. With CopyFX, no financial expertise is required.

CopyFX has a simple and user-friendly interface, which can be even used by traders with little experience. In the user panel, it shows a classification with top traders’ signal providers, and an updated list in real-time of the last positions opened by these traders. For each signal provider, CopyFX includes a long list of performance indicators in the market (such as the number of trades performed, total return, average profit per trade, etc), so that the investor can select the best signal providers according to their results and their needs.

More information on CopyFX in the following link: Copytrading platform CopyFX

Payment Options

The client can deposit/withdraw funds through Bank Wire Transfer, Credit Cards (the most important), Debit Cards, Skrill, Neteller, CashU, Payoneer, Perfect Money, Webmoney, and Bitcoin.

Main Advantages and additional services of RoboForex

  • RoboForex is a fully regulated broker (IFSC).
  • This broker offers Level 2 quotes.
  • It offers both, fixed and floating spreads.
  • RoboForex offers regular bonuses for new clients that open a trading account.
  • It allows the use of automated trading systems through the trading platforms Metatrader 4 and Metatrader 5 and it offers free VPS Forex Hosting for clients that use Expert Advisors and scripts.
  • RoboForex is part of the ECN Network Integral FXGrid which serves as an interbank system. Using FxGrid technology, it forms a pool of liquidity suppliers creating an interinstitutional trading network. Some of the participants are Citibank, Deutsche Bank, Bank of America, UBS, and HSBC.
  • This broker offers ECN execution (instant and reliable order execution) through Integral FXGrid.
  • It offers several options for trading accounts and instruments for its clients.
  • RoboForex offers free Forex education through its website for beginners traders.
  • Among its options of free education, RoboForex has a section on its website with video tutorials dedicated to the following trading topics: Forex trading for beginners, Metatrader trading platform, trading strategies for beginners and experienced traders, and market analysis tools and concepts including technical analysis, trading phycology, money management and other. These videos are only available to customers of the broker.
  • Several market analysis tools for traders like an economic calendar, Forex charts, economic indicators, interest rates worldwide, and regular market analysis & forecast through its website.
  • A free service of technical analysis and market alerts (for Forex and gold) which is provided by Trading Central to all clients.
  • This broker has a platform for trading contests called ContestFX, which offers many trading competitions for real and demo accounts with cash prizes for the winners. These competitions have different characteristics in terms of duration, trading instruments, general conditions, competitors, prizes, and others.
  • RoboForex offers the possibility to get additional benefits promoting their services as a broker through a 5 levels affiliate program of their property which is open to all customers of the company.

Main Offers of RoboForex

  • RoboForex offers a welcome bonus for new clients that open a real trading account and deposit funds. The amount of the bonus depends on the capital deposited by the client and can be up to 50%.
  • A cash rebates service that allows earning up to 3 USD for each traded lot.
  • A welcome bonus of 30 USD for new clients. The only requirement is a deposit of 10 USD.
  • A VPS service for clients who passed the verification process and have equity on their trading accounts exceeding 300 USD or its equivalent in another currency.
  • This broker offers a regular trading contest for demo accounts with cash prizes.

Other Categories of this broker

  • CFD Broker.
  • Gold Broker.
  • Silver Broker.
  • Metatrader 4 Broker.
CompanyRoboForex LTD
Operating since2009.
Minimum account size$10 USD.
Minimum lot size0.0001 lot (cent accounts) and 0.01 lots (regular and ECN accounts).
Maximum Leverage*Up to 1:1000.
Depending on the trading account, RoboForex offers the following spreads:
  • Fix-Cent and Fix-Standard account: Fixed spreads from 2 pips for the major currency pairs like EUR/USD.
  • Pro-Cent and Pro-Standard account: Floating spreads from 1.3 pips for the major currency pairs like EUR/USD.
  • Pro-ECN accounts: Floating spreads from 0.0 pips for the major currency pairs like EUR/USD.
Link to the website

1 thought on “RoboForex Review 2024 – Analysis of Forex Broker RoboForex”

  1. RoboForex is a good broker. It offers many services including copytrading. At the moment I have not had any problems with this company. My withdrawals have been processed in a short time.

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