RoboForex Review Is RoboForex Legit and Worth Using?
What is RoboForex?
RoboForex is an international forex broker that’s been operating since 2009. It serves clients in many regions and offers trading conditions that can fit different styles, account sizes, and strategy types.
A strong point is its platform choice. You can trade on MT4, MT5, or RoboForex’s own R StocksTrader. The broker also runs CopyFX, a copy trading service, and hosts demo contests with prizes credited to live accounts.
What type of broker is RoboForex?
Based on available public info, RoboForex is a Belize-based Forex and CFD broker using an STP Trading execution model. It offers 8 asset categories and claims access to over 12,000 instruments. Along with MetaTrader, it provides additional terminals for different trading needs.
RoboForex pros and cons
RoboForex has a long operating record and a strong reputation with many traders. It offers multiple account types, several platform options, trading signals, and research tools. It can also work well for active traders who want commission-based pricing.
The main drawback is regulation. RoboForex is based in Belize, which is not considered top-tier. Costs also vary by account and platform, so you’ll need to review the fee schedule carefully.
Advantages
- Long operating history under a regulated entity
- Strong brand reputation among many traders
- Multiple account types and pricing models
- MT4, MT5, plus R StocksTrader platform
- Trading signals and research tools
- Solid education and analytics for most traders
- Helpful support, including live chat
Disadvantages
- Trading conditions change by platform and account type
- No top-tier license (for example, FCA, ASIC, or CySEC)
- Standard spreads are not the lowest in the market
RoboForex features (high level)
RoboForex in 10 points
- Regulation: FSC
- Account types: Prime, ECN, R Stocks Trader, ProCent, Pro
- Platforms: MT4, MT5, R StocksTrader
- Markets: 8 asset classes (Forex, stocks, indices, ETFs, futures, soft commodities, energies, metals)
- Minimum deposit: $10
- Typical EUR/USD spread: about 1.3 pips on a standard spread-based account
- Demo account: available (plus demo contests)
- Base currencies: USD listed as a core option
- Education: solid mix of learning and analytics
- Support: 24/7
Who RoboForex suits best
RoboForex can work for newer traders and experienced traders, mostly those focused on forex and CFDs. It also fits traders who want to test strategies across different platforms and account types.
RoboForex is a good match for:
- Beginners who want a low deposit option
- Advanced traders who want more account choices
- MT4 and MT5 users
- Traders who want several platform options
- Forex and CFD traders (including share CFDs)
- News trading and short-term strategies
- High-leverage trading (with risk control)
- Algo traders using Expert Advisors (EAs)
- Traders who want built-in tools, signals, and analysis
RoboForex summary
RoboForex offers a broad platform lineup, a large product list, and flexible account pricing. It also provides useful research and learning materials for many skill levels. The overall package feels strong for traders who want options and don’t require a top-tier regulator.
Professional take
RoboForex works well for traders who want access to many instruments and platform choices. R StocksTrader is a standout for share CFD and ETF CFD trading, and CopyFX adds a solid copy trading option. Fees look average on spread-based accounts, while commission-based accounts can be more attractive for scalpers and high-frequency traders.
The Belize license will be a deal-breaker for some traders. Standard spreads also won’t beat the tightest brokers in the market.
Consider RoboForex if you:
- Want to start with a low minimum deposit
- Prefer MT4 or MT5, or want an extra platform option
- Want access to a wide list of CFDs, including stock CFDs and ETFs
- Prefer high leverage options (and understand the risks)
- Use EAs or automated strategies
- Like copy trading and want CopyFX
- Want 24/7 support and multilingual help
- Are comfortable trading with an FSC-regulated broker
Skip RoboForex if you:
- Only want a broker with top-tier regulation
- Need fixed spreads (RoboForex uses floating spreads)
- Want deep, course-style education like a full trading academy
- Want real stock ownership or direct futures trading (not CFDs)
- Want the lowest standard-account spreads in the industry
Regulation and security measures
Regulatory overview
RoboForex Ltd is registered in Belize and regulated by the FSC under number 000138/32. That makes it a licensed broker under its operating jurisdiction.
RoboForex also holds a Verify My Trade (VMT) execution quality certificate through the Financial Commission’s standards for members. The broker uses segregated accounts and offers negative balance protection.
How RoboForex protects clients
RoboForex states that it keeps client funds separate from company funds. It also participates in The Financial Commission’s Compensation Fund, which is designed to support clients if the broker fails to meet obligations.
It also lists a civil liability insurance program with coverage up to 5 million EUR, aimed at risks like fraud, errors, and negligence that could lead to client losses.
Consistency and trust factors
RoboForex doesn’t have a license from regulators like FCA, ASIC, or CySEC. Still, it has operated for many years and focuses on pricing transparency and stable trading conditions. Many trader reviews are positive, although you should still compare protections carefully since oversight depends on the Belize framework.
Account types and benefits
RoboForex offers several account types, so you can pick a pricing model and execution style that fits your approach. Available options include Prime, ECN, R Stocks Trader, ProCent, and Pro. Swap-free (Islamic) accounts are also available by request, including for Islamic traders.
Pro account (spread-based)
- Floating spreads from about 1.3 pips
- No trading commission
- Leverage up to 1:2000 (depends on instrument and rules)
- MT4 and MT5 supported
- Minimum deposit: $10
Prime account (commission-based)
- Spreads from 0.0 pips
- Commission based on volume (example shown: $10 per $1 million traded)
- Leverage up to 1:300
- Minimum deposit: $10
ECN account (commission-based)
- Spreads from 0.0 pips
- Commission about $4 per lot (as listed)
- Designed for direct market pricing and faster execution
- Leverage up to 1:500
- Minimum deposit: $10
R StocksTrader account
- Uses the proprietary R StocksTrader platform
- Access to a large list of instruments (shares, indices, ETFs, futures, commodities) as CFDs
- Some assets may be commission-free (by product and conditions)
- Supports manual trading and automation tools
- Often used by traders focused on stock CFDs
ProCent account (cent-based)
- Balance displayed in cents, built for smaller testing
- Floating spreads from about 1.3 pips
- Leverage up to 1:2000
- Works with MT4, MT5, and web tools
- Minimum deposit: $10
Countries and regions where RoboForex is restricted
RoboForex lists restrictions due to legal and regulatory limits. Countries include:
- USA, Canada, Japan, Australia
- Bonaire, Brazil, Curaçao, East Timor
- Indonesia, Iran, Liberia, Saipan
- Russia, Sint Eustatius, Tahiti, Turkey
- Guinea-Bissau, Micronesia, Northern Mariana Islands
- Svalbard and Jan Mayen, South Sudan
- Ukraine, Belarus
Cost structure and fees
RoboForex pricing depends on the account type and instrument. Some accounts are spread-only, others use low spreads plus commissions. Always check the conditions inside your account panel before trading.
Spreads
- Pro and ProCent: floating spreads from about 1.3 pips (average range)
- Prime and ECN: spreads from 0.0 pips (commission applies)
- R StocksTrader: spreads can start from about $0.01 (varies by product and market)
Spreads also change with volatility and liquidity.
Commissions
- Pro and ProCent: no commission (spread-only)
- Prime and ECN: commissions apply, with pricing tied to volume or lot size depending on the account
Swaps (overnight fees)
Positions held overnight may pay or receive swaps. Rates change by instrument. An example shown for USD positions includes values around -0.6 (short) and -0.052 (long), but you should confirm current swap rates inside the platform.
Fee competitiveness
Overall costs sit around the market average on standard spread accounts. Commission-based accounts often look more attractive for active traders who want lower spreads.
Other fees to watch
- Withdrawal fees: depend on method, cards may charge about 1% to 2.5%, some e-wallets around 1%
- Inactivity fee: listed as about $10 per month after long inactivity (example: 12 months), may vary by account
- Currency conversion: applies when your account currency differs from the payment currency or instrument settlement currency
Trading platforms and tools
RoboForex supports MT4 and MT5, plus its own trading software. This makes it easier to match your platform to your style.
Platform availability compared with other brokers:
| Platform | RoboForex | FxPro | Pepperstone |
|---|---|---|---|
| MT4 | Yes | Yes | Yes |
| MT5 | Yes | Yes | Yes |
| cTrader | No | Yes | Yes |
| Own platform | Yes | Yes | Yes |
| Mobile apps | Yes | Yes | Yes |
Web trading
RoboForex web platforms let you trade from a browser without installing software. You get live pricing, charting, indicators, and one-click trading.
Testing notes: The interface is easy to adjust and execution is responsive. Charting is lighter than desktop. Automation tools are stronger on desktop MT4 and MT5.
MetaTrader 4 (desktop)
MT4 is popular for charting, indicators, and EAs. RoboForex supports multiple execution modes and a wide range of built-in tools. Desktop MT4 is the better choice if you rely on automation or custom scripts.
MetaTrader 5 (desktop)
MT5 adds more order options, more built-in tools, and features like market depth. It supports netting and hedging and fits traders who want broader analysis tools and more advanced order handling.
Mobile trading
RoboForex supports MT4 and MT5 mobile apps for iOS and Android. The apps include charting, indicators, alerts, and account management.
Testing notes: The apps are easy to use and quick for placing trades. Desktop still offers better automation controls.
R StocksTrader
R StocksTrader is RoboForex’s proprietary platform built around stock CFD and multi-asset CFD trading. It includes strong charting and a Strategy Builder tool that lets you create automated rules without coding.
CopyFX copy trading
CopyFX lets users copy other traders’ strategies. The broker states there are over 9,000 traders available to follow. As with any copy trading product, results depend on the provider you choose and risk settings.
Trading instruments
RoboForex offers access to major global markets across 8 asset classes and lists over 12,000 instruments. Most products are offered as CFDs, meaning you trade price movement and don’t own the underlying asset.
Available markets include:
- Forex
- Stocks (as CFDs)
- Indices (often as CFDs)
- Metals
- Commodities (including oil)
- ETFs (as CFDs)
- Futures (as CFDs)
Asset selection notes
The instrument list is one of RoboForex’s biggest strengths. R StocksTrader also gives a separate experience for share and ETF CFD trading, which many forex brokers don’t offer in the same way.
Leverage
RoboForex offers high leverage, up to 1:2000 on certain accounts and products. Other common levels include 1:400 and 1:500. High leverage increases both potential gains and losses, so risk controls matter.
Deposit and withdrawal options
Deposits
RoboForex supports 20-plus funding methods, including:
- Bank transfer
- Card payments
- E-wallets (Skrill, Neteller, POLi, FasaPay, and others)
Minimum deposit
Most accounts start from $10 (Prime, ECN, ProCent, Pro). R StocksTrader is listed with a higher minimum deposit of $100.
Your strategy and margin needs matter more than the minimum. For some instruments, $10 won’t provide much room.
Withdrawals
RoboForex advertises 0% deposit commission and covers fees for many withdrawals, depending on the method. Some providers still charge extra processing fees (examples listed include Skrill and AdvCash around 1%, and Visa with a percentage plus a fixed fee).
Withdrawal timeframes
- Bank transfer: about 3 to 5 business days
- Cards: about 1 to 3 business days
- E-wallets: often within hours, sometimes near-instant
Customer support and responsiveness
RoboForex provides 24/7 support through live chat, email, and phone lines. It also offers a callback option and support in 10-plus languages. Live chat responses are usually quick, while email timing depends on the request.
The website also includes a large FAQ section, which can solve common issues without waiting for an agent.
Research and education
Research tools
Research tools are mainly delivered through the trading platforms and the Members Area. Traders can access market news, analysis, calculators, and platform tools like idea feeds and strategy tools. Trading history is also available for up to 1 year (as listed).
Education
RoboForex provides helpful educational articles covering technical analysis, fundamental basics, trading psychology, and strategy concepts. It’s useful, but it’s not a full course-style academy like some brokers offer.
Trading contests are also available and can be a fun way to practice and build discipline. Contest terms can change, so check the official site for current availability.
Beginner fit
RoboForex can work for beginners because of the demo account, low minimum deposit, cent account option, and responsive support. Education is more basic, so brand-new traders may want extra learning resources outside the broker.
Portfolio and investment opportunities
RoboForex focuses on CFD trading, so its “investing” options differ from classic long-term investing. Stock exposure is mainly through CFDs, which means you don’t own shares.
CopyFX is the closest thing to an investment-style product. It lets users allocate funds to a strategy and copy trades automatically. It can help traders who want a hands-off approach, but the risks still apply and returns aren’t guaranteed.
Account opening
Opening a demo account
- Go to the broker’s site and select Open Demo Account
- Complete the registration form with your details
- Choose account settings (platform, leverage, virtual balance, and account type)
- Accept terms and submit
- Login details arrive by email
Opening a live account
- Start on the account registration page
- Enter your personal details
- Complete verification checks and upload required documents
- Fund the account after approval
Additional tools and features
RoboForex includes extra tools that add value for active traders:
- Strategy Builder: create automated strategies without coding (mainly within the R StocksTrader environment)
- VPS hosting: offered free under the broker’s conditions, useful for running EAs 24/7
- AutoChartist: pattern scanning and key level tools
- CopyFX: copy trading for users who want to follow other traders
RoboForex compared to other brokers
RoboForex stands out for instrument count and high leverage (up to 1:2000 on certain setups). It also offers R StocksTrader, a dedicated platform geared toward stock CFD trading, which adds variety next to MT4 and MT5.
RoboForex also has a low entry point with a $10 minimum deposit on most accounts. That’s appealing compared with brokers that require larger deposits. The trade-off is regulation, RoboForex doesn’t hold a top-tier license, while brokers like HFM and AvaTrade often rank higher on oversight. Education is solid but not as deep as brokers that run full course programs.
Quick comparison snapshot:
| Parameter | RoboForex | FP Markets | IC Markets | Pepperstone | BlackBull Markets | HFM | OANDA |
|---|---|---|---|---|---|---|---|
| Spread-based account | Avg 1.3 pip | From 1 pip | From 1 pip | Avg 0.7 | From 0.8 pips | Avg 1 pip | From 0.8 pips |
| Commission account | 0.0 pips + $4 | 0.0 pips + $3 | 0.0 pips + $3.50 | 0.0 pips + $3.50 | 0.1 pips + $3 | 0.0 pips + $3 | 0.1 pips + $4 |
| Fees ranking | Average | Low to average | Low to average | Low | Low | Low to average | Low |
| Platforms | MT4, MT5, R StocksTrader | MT4, MT5, cTrader, IRESS, Proprietary | MT4, MT5, cTrader | MT4, MT5, cTrader, TradingView | MT4, MT5, cTrader, TradingView | MT4, MT5, HFM App | MT4, MT5, OandaTrade |
| Asset variety | 12,000+ | 10,000+ | 1,000+ | 1,200+ | 26,000+ | 500+ | 500+ |
| Regulation | FSC | ASIC, CySEC, FSCA, CMA | ASIC, CySEC | ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN | FMA, FSA | CySEC, FCA, DFSA, FSCA, FSA, CMA, FSC | FCA, CFTC, NFA, MAS, ASIC, IIROC, FFAJ |
| Support | 24/7 | 24/7 | 24/7 | 24/7 | 24/7 | 24/5 | 24/5 |
| Education | Good | Excellent | Good | Excellent | Good | Good | Good |
| Minimum deposit | $10 | $100 | $200 | $0 | $0 | $0 | $0 |
Full review: final take
RoboForex is a flexible broker that fits many trading styles. It’s regulated by the FSC in Belize and has built a strong name over time. The account lineup (Prime, ECN, R Stocks Trader, ProCent, Pro) offers both spread-based and commission-based pricing, and the instrument list is very large.
Platform choice is another highlight. Traders can stick with MT4 or MT5, or use RoboForex’s R StocksTrader for a more stock-focused CFD setup. CopyFX and Strategy Builder add useful options for traders who like copy trading or rule-based automation.
Support is available 24/7, and funding methods cover a wide range of payment options. If you want lots of markets, several platform choices, and a low minimum deposit, RoboForex is worth a close look. If top-tier regulation is your top priority, you’ll likely prefer a broker licensed by stricter authorities.
