RoboForex Review

RoboForex is a pioneering multinational broker that aims at offering exceptional trading conditions by implementing progressive technologies and several years of experience. They provide eight different types of assets like forex, stocks, indices, ETFs, commodities, energies, metals, and cryptocurrencies and over 12,000 financial instruments for trading. The platform accounts for outstanding services to every client irrespective of their investment. Furthermore, the entity is legitimate and regulated by the central authority IFSC.

Pros / Cons

Piloted activity
Innovative trading platforms
Customer assistance
Multiple payment systems
Negative balance protection

Stern verification process for new traders

RoboForex Company Details

The entity marked its presence in 2009 in the financial industry. The primary focus of the entity genuinely remains on several innovative technologies and utmost customer satisfaction. On top of everything, RoboForex significantly aims to offer the best trading conditions to brokers. Additionally, the platform accounts for superior technology and has a tremendous experience that makes them ideal for trading.

Countries

RoboForex provides its services across the globe. The platform is unavailable in those countries where trading is contemplated as illegal and is not permitted by the government.

RoboForex Trading Platforms

MT4

MT4 is a leading platform favourite of many retail traders and brokers. The platform accounts for features and tools that offer a smooth trading experience. Moreover, the trading platform involves several excellent functions usually available on MQL platforms. It involves three kinds of order execution, 50 accessible indicators for technical analysis, general graphic analysis tools, and much more.

`MT5`

The MT5 trading platform offers progressive technology by merging order execution and distributed computations for accomplishing the most desired trading ideas. MT 5 is the best platform for traders who want to work with the most reliable trading robots. The platform also offers the most up-to-date modern technologies. The MT5 allows four types of order execution, multi-currency tester, market research, and six types of pending orders.

cTrader Platform

The platform is exclusively designed for experienced traders that usually prefer order execution speed and unusual trading instruments while implementing their trading strategies. The platform accounts for unconventional orders, level II pricing, 54 technical indicators, and 14 timeframes.

R StocksTrader

R StocksTrader merges high-end technologies and a traditional design taken to an entirely new level. The traders can access the global market with a few taps and clicks with the platform. It is easy to use and demands an initial deposit of 100 USD. The stock leverage is up to 1:20 and also offers advanced watchlists.

RoboForex Terminals

The terminals are ideal for mobile traders. The RoboForex Terminals provides 13 technical indicators, nine tools for graphic analysis, easy account management, and analytics from experts, and is absolutely free.

Trading Accounts- RoboForex

The trading accounts are highly professional and are suited for various needs of traders. The Prime Trading account is available with the platform during the best market conditions. It is a fit for both currency and other types of markets. The ECN is chosen by experienced traders, which merges the highest order execution speed and competitive trading conditions. R StocksTrader is a particular account type for trading through the web platform and mobile app. ProCent is an account type for testing strategies and EAs. Pro is the trendy trading account type for beginners. It allows for flowing into real currency and CFD trading quickly.

RoboForex Customer Support and Contact

The team of RoboForex is available for its clients 24/5. The queries and other issues are resolved swiftly and the individuals can contact them via their website. Furthermore, they can also be contacted through their email address.

Account Opening

The account opening at RoboForex is a highly simplified procedure. The budding traders need to click on the ‘Open an Account’ tab available at the top-right corner of the website. After clicking, they are required to fill in personal details and hence the registration is completed. A minimum deposit is required to operate the account ideally. Once the amount is deposited, the traders can start trading.

FAQ

What is the need for a demo account?

The beginners usually use demo accounts to learn the basics of trading on financial markets without risking losing their own money.

How to calculate margin?

The margin is calculated through a trading calculator. The formula can be applied: = /

What is the meaning of ‘Trade Flow is busy’?

The “Trade flow is busy” message generally appears in a scenario when a client sends a new order to the server without patiently waiting for a response to the previous request. Typically, the message highlights a short-term loss of connection with the trading server, and the client has not received a response from the server and his next order is in the queue on the client terminal.

How to calculate the cost of one point?

The cost of 1 point is calculated by using the following formula: = (Contract * (Price + One_Point)) – (Contract * Price) Here: Contract – the contract size. Price – the existing quote of the financial instrument. One Point – the size of 1 point.

Where can I find the trading instrument’s list and spread values for them?

The entire details are available on the Contract Specifications Page of the website. Please refer to the page and you will find all the required details.

What is the minimum deposit?

The minimum deposit primarily depends on the account type: For ProCent, Pro, and ECN accounts: 10 USD / 10 EUR or identical in the account currency. R StocksTrader and Prime accounts: 100 USD / 100 EUR.

What measures to take if MT4/5 says invalid account?

Ensure that the credentials entered are valid. The credentials include the account number, password, and server name. If you still face any problems try changing the trading account password in your Members Area and try again. In case any further problem arises contact RoboForex’s Live Support in any way that is comfortable for you.

What to do if the chart says Pending Status?

If the chart says pending status, close the currently updating chart and reopen it after some time. Besides, restarting the platform is also available.

Is it viable to change the base currency or type of my account?

No, the option is unavailable. In case, any trader wants to change the type of my account, a new account is needed with complete formalities.

Why was the order not executed at the declared price?

The orders including Buy Stop, Sell Stop and Stop Loss are not executed at the declared price. As soon as these orders are brought on, they are processed at their current market price. Hence there lies a difference between the specified price in the pending order and the execution price.

Conclusion

RoboForex is designed and developed as per the future of the financial market. The platform is ideal for delivering the best trading experience and is usually merged with advanced and progressive technology. Individuals who want to trade in different assets, under excellent market conditions, must create a trading account with RoboForex.