Remember that RoboForex continues to offer services for America and Europe, in the case of RoboMarkets only offers trading services for clients in Europe, the only thing that varies from both platforms is its regulation of the rest all the characteristics of both Brokers are the same.
RoboForex is a Forex and CFD Broker, it has its main offices in New Zealand with license number 2538375, as its own name says it specializes in automatic investments, that is, with robots (algorithms) that program the Traders to make executions in the market. The future of trading for the next decade will be 100% automated and because of this situation it is important to choose a good Broker where you can do it and leave all operations on autopilot.
The fact that they specialize in automation of Forex Trading and CFD contracts does not mean that the Trader is not going to be aware of his investments, rather he must be aware of everything that is happening with his money, the goal that RoboForex has with its clients is to give them the greatest comfort to trade in the market and save time in their day to day not being stuck to the computer to trade because the investments are executed alone.
Broker RoboForex is regulated by IFSC with license number IFSC/60/271/TS/17. Being a Broker registered and regulated by the above mentioned competent authorities one can be confident to make Forex investments with them at all times without fear that the money will be in danger.
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RoboForex account types
For all account types the base currencies that can be traded are USD, EUR and GOLD with the exception that the Stocks account can not be based on the GOLD currency, now having clear what I said before the account types offered by RoboForex are the following:
NOTE: After the change of the brand name of the platform, the characteristics of all accounts changed, so I suggest you access the entry “Types of RoboForex account“ to get more information, as such the changes were slight and they include the names of the accounts and certain aspects of each. And don’t forget that if you are a resident of a European country the maximum leverage for any account is restricted from 1:2 to 1:30 by measures taken by ESMA.
Fix Standard Account:
It’s the most basic account of all, it doesn’t require a minimum deposit to be opened, that is, you can deposit a dollar and make trading with it, however if you want to see profitability you have to deposit much larger amounts, after all Forex investments are not based on small amounts because you don’t see anything to the investments.
The Fix Standard Account has an “Instant Execution” execution type, it has fixed spreads of 2 pips, basic quotes of 4 digits after the comma, the maximum leverage is determined according to the Trader’s experience and knowledge, it is recommended that you be very honest and if you have no experience simply place it, because the fact that you trade with the maximum leverage level without having knowledge of what you do can lead to a total loss of capital.
The minimum order volume in the market is 0.01 lots and the maximum is 100 lots, the maximum number of positions is unlimited, the stop out that can be set is 20%, you can withdraw funds completely free of charge without withdrawal fees, you have the option One Click Trading, you can trade 33 currency pairs and 33 precise metals.
Standard Pro Account:
The Standard Pro account does not require a minimum deposit of money to be opened, the type of market execution you have is “Market Execution”, the spreads are floating and start from 1.3 pips, quotes are extended with five digits after the comma, maximum leverage is determined based on Trader’s experience, the minimum order volume in the market is 0.01 lots and the maximum is 100 lots, Stop Out is 20%, you can withdraw funds for free, you have One Click Trading, you have 36 currency pairs and 36 metals and CFDs to trade. The minimum deposit in this account is 100 USD/EUR/GBP.
ECN FixSpread NDD Account
No minimum deposit required, Market Execution type, fixed spreads from 1.6, extended quotes with five digits after the comma, leverage determined by Trader’s experience and knowledge, minimum order volume of 0.01 lots and a maximum of 50 lots, minimum step volume of 0.01, Stop Out of 40%, free money withdrawable without commissions charged by the platform, One Click Trading, 13 currency pairs and metals available.
ECN Pro NDD Account
Commission of 20 dollars for a million USD of stock market volume, has an execution type “Market Execution”, has floating spreads from 0 pips, extended quotes with five digits after the comma, leverage determined according to the Trader’s experience; the rest of the characteristics are equal to the ECN Fix Spreads NDD Account with the difference that the trading instruments are 36 pairs of currencies, metals and CFDs. The ECN Pro NDD account is Demo.
The Prime Account requires a minimum deposit of 5,000 USD, has a commission of 15 dollars for each trading volume of one million dollars, the execution type is “Market Execution”, has floating spreads from 0 pips, extended quotes with five digits after the comma, maximum leverage determined by Trader’s experience and knowledge, the minimum order volume is 0.01 lots and the maximum is 50 lots, the maximum number of positions in the market is unlimited, the minimum step volume is 0.01, the Stop Out is 100%, free withdrawal of funds, has 28 currency pairs, precise metals and CFD contracts. The minimum deposit in this account is 5,000 USD/EUR/GBP.
Cent Fix Account
This account does not require a minimum deposit of money, has an “Instant Execution” execution type, has fixed spreads from 2 pips, basic quotes of four digits after the comma, the maximum leverage is determined by the Trader’s experience and knowledge, the minimum order volume is 0.01 lots and the maximum is 100 lots, the maximum number of positions in the market is 200, minimum step volume 0.01, Stop Out 10%, you can withdraw funds completely free, has 33 currency pairs and precious metals to trade.
Cent Pro Account
The Cent Pro Account does not require a minimum deposit, has a Market Execution execution type, has floating spreads of 1.3 pips, extended quotes with five digits after the comma, the rest of the characteristics is equal to “The Cent Fix Account”, the only difference is that it has 36 currency pairs and precious metals to trade. The Cent Pro account is Demo, it should be noted that its name was updated to Demo Pro.
As you may have noticed all account types have completely free withdrawals, however there is a limit to this, i.e. only two free withdrawals per month can be made on days set by RoboForex, in case you make a withdrawal on a day not set by the platform or exceed the monthly limit if you are charged commissions on that withdrawal. On the other hand the maximum leverage offered by RoboForex is 1:500, however depending on the experience and knowledge of each Trader this can vary and beyond that grant the maximum level of leverage to an account this can also vary by the amount of money that each person invests in the operations he makes in the market, by the way I still need to explain a type of accounts different from those mentioned above this is:
To trade with this account you can only do it through Umstel, this is a platform associated with RoboForex, although all trades are executed off the Broker’s own page still remain completely safe, the base currencies accepted are USD and EUR, the minimum deposit is 100 USD, the commission is 0.02 USD per share, the minimum commission is 2 USD equivalent to 100 shares, the spread goes from 0.01 pips, the maximum leverage is 1:20.
The minimum order volume for this account is 1 share, the maximum order volume is 2,000 shares, the maximum number of positions is unlimited, the minimum price change is only 0.01 USD, Stop Out 20% and the number of financial instruments to trade with this account is more than 8,400.
In addition, RoboForex Broker also has the famous Islamic account for those traders who want to invest in the market without going outside their Islamic teachings. On the other hand as any other investment entity this Broker offers a demo account for those people who want to know how to manage the platform or simply want to learn to operate in the market, once you create a demo account this will expire in 90 days, this time is more than enough to know the platform and learn to make investments in Forex.
Investment platforms offered by RoboForex Broker
This Broker offers the platforms most demanded by Traders in the market, such platforms are MT4 and MT5, in addition it offers the WebTrader platform which is also very popular to trade 100% online without having to download a program into the computer. MT4 and MT5 versions are also available for high-end mobile devices, so you can operate from anywhere in the world via a Smartphone or Tablet whenever you have an Internet connection available.
The only platform that varies depending on the type of account you open is MT5, from rest both MT4 and WebTrader are available for all account types, MetaTrader 5 is only available for accounts:
- Standard Pro Account.
- ENC Pro Account. 3. Cent Pro Account.
MetaTrader 5 is a more advanced version than MT4, however MetaTrader 4 is more used than its new version and anyway both of them are excellent platforms for Forex trading, without leaving out WebTrader as it is also another excellent trading platform.
RoboForex offers tools for beginners and experts in Forex
This Broker offers the best tools for all Traders, whether they are experts or beginners in the market, there is a market analysis center in both Spanish and English, a detailed economic calendar that is constantly updated to give people the best information on financial instruments, there are also free webinars all you have to do is register at RoboForex to access them.
In essence RoboForex is one of the best Brokers that you can choose to trade Forex, especially because you can automate the operations in the market and thus save time in the day, has accounts that adapt to the needs of each person and has the best platforms for trading in the market, so do not wait any longer and register now.