At the beginning of 2018 the Broker that was previously known as RoboForex changed its name to RoboMarkets, although the interface remains practically the same. One of the improvements that this Broker made after the update of his brand name was the update of the types of accounts he offers and in view of that I am making this entry, which will be very short and will address that specific point since some things changed among which are included the names of the accounts, the benefits they offer and their advantages.
RoboMarkets is only available in Europe under the new regulation of June 2018, the best is to use RoboForex as it is available in both Europe and America and neglects RoboForex and RoboMarkets belong to the same company and their characteristics are similar the only thing that changes is the entity that regulates them and this makes them work as two different Brokers although they share the same administrative staff.
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What types of accounts does RoboForex Broker offer?
As I said before the accounts were updated and even deleted some, now, the changes were as follows: (these account types apply to both RoboForex and RoboMarkets). Remember that by the ESMA measures for residents of European countries the maximum leverage in any Broker is restricted from 1:2 to 1:30 depending on the asset used for trading.
RoboForex real accounts:
Pro-Standard, Pro-Cent and ECN-Pro NDD:
- Minimum deposit of 100 USD, EUR, CHF, GBP, GOLD.
- It can be used with MT4, MT5, WebTrader and MT4 platforms for mobile devices.
- The execution type is Market Ejecution.
- Their spreads are floating from 1.3 pips, and floating from 0 pips for the ECNPro NDD.
- The ECN-Pro NDD account charges fees of USD 20 per million dollars of market volume.
- These accounts have extended quotes up to 5 digits after the comma.
- The maximum leverage is defined by the Broker according to the Trader’s experience.
- The minimum order volume in the market is 0.01 lots and for the Pro-Cent account 0.1 lots.
- The maximum order volume in the market is 100 standard lots and for the ECN-Pro NDD account is 50 standard lots.
- The maximum number of positions in the market is unlimited, but in the case of the Pro-Cent account the maximum number of positions is 200.
- The stop out for these accounts is 50%.
- These accounts hold 36 currency pairs, precious metals and CFDs.
Prime Account
- Minimum deposit of 5,000 USD, EUR, CHF, GBP, GOLD.
- It can be used with MT4, MT5, WebTrader and MT4 platforms for mobile devices.
- The execution type is Market Ejecution.
- Their spreads are floating and range from 0.0 pips.
- Commissions of 15 USD are charged for every million dollars of stock market volume.
- This account has extended quotes up to 5 digits after the comma.
- The maximum leverage is defined by the Broker according to the Trader’s experience.
- The minimum order volume in the market is 0.01 lots.
- The maximum order volume in the market is 50 standard lots.
- The stop out for this account is 100%.
- This account has 28 currency pairs, precious metals and CFDs. R Trader Account
- Minimum deposit of 100 USD or EUR.
- It can be used with MT4, MT5, WebTrader and MT4 platforms for mobile devices.
- The execution type is Market Ejecution.
- Your spreads range from 0.01 USD.
- The maximum leverage on this account is 1:20.
- The minimum order volume on the market is 1 share.
- The maximum order volume on the market is 2,000 shares.
- The maximum number of positions in the market is unlimited.
- The stop out for these accounts is 20%.
- This account has more than 8,400 trading instruments.
Demo accounts
Demo Pro and Demo ECN-Pro NDD
- It can be used with MT4, MT5, WebTrader and MT4 platforms for mobile devices.
- The execution type is Market Ejecution.
- Their spreads are floating from 1.3 pips, and floating from 0 pips for the ECNPro NDD.
- The ECN-Pro NDD Demo account charges fees of USD 20 per million dollars of market volume.
- These accounts have extended quotes up to 5 digits after the comma.
- The maximum leverage is defined by the Broker according to the Trader’s experience.
- The minimum order volume in the market is 0.01 lots.
- The maximum order volume in the market is 100 standard lots and for the ECN-Pro NDD Demo account is 50 standard lots.
- The maximum number of positions in the market is 200.
- The stop out for these accounts is 50%.
- These accounts hold 36 currency pairs, precious metals and CFDs.
Conclusions about changes implemented in RoboForex account types
RoboForex beyond having changed its brand name to RoboForex not only satisfied with this and improved the characteristics of its accounts from the names of the same to the advantages and benefits offered by each of them and this is perfect because compared to previous accounts these offer more benefits to customers. The purpose of this entry is clearly to explain the features and updates of RoboForex accounts, but if you want more information about the platform visit the entry “RoboForex Forex and CFD Broker“.
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