*Please note that the information in this table is subject to change and you should always refer to the broker's official website for the most up-to-date information.

Overview of Roboforex

Roboforex, the trading name of Roboforex Cy Ltd, is a forex broker that has been around for over a decade and has made a name for itself in the industry. Founded in 2009, Roboforex is based in Belize, and then became a member of the FSCL, launched a negative balance guarantee service, later added CFD instruments, and introduced gold and CNY trading accounts. Roboforex offers a wide range of trading instruments, including stocks, indices, futures, ETFs, soft commodities, energies, metals, and currencies, with over 10,000 instruments available for trading. In 2016, Roboforex started creating a proprietary investment platform with a professional analysis centre RAMM and released stock trading. In 2019, the forex broker's tradable instruments reached 11,700, with global updates for the Android and iOS versions of R WebTrader and R MobileTrader, and won more than 20 awards in the financial industry.

One of the key features of Roboforex is its variety of account types. The broker offers several different account options, including Prime, ECN, R StocksTrader, Pro Cent, Pro, and Demo Accounts.

In addition to its diverse account types and trading instruments, Roboforex also offers several different trading platforms. The broker supports both the popular MetaTrader 4 and MetaTrader 5 platforms, as well as their own proprietary platform,WebTrader, MobileTrader, R StocksTrader.

Roboforex also offers various educational resources, including webinars, video tutorials, and market analysis, to help traders improve their trading skills and knowledge. In terms of customer support, Roboforex provides 24/7 multilingual support via phone, live chat, and contact form.

Pros and Cons

Some of the pros of trading with RoboForex include its low minimum deposit requirement, high leverage options, and multiple account types. The broker also provides a variety of trading platforms, including the popular MetaTrader 4 and 5 platforms, and has a useful selection of educational materials for beginners.

However, some of the cons of trading with RoboForex include its limited research tools, lack of transparency in pricing.

Is Roboforex Legit?

Robomarkets Ltd is authorized and regulated by Cyprus Securities and Exchange Commission (CySEC) under the license number of 191/13.

Another entity, RoboMarkets, LLC, is authorized and regulated by the National Bank of the Republic of Belarus (NBRB) under the license number of 15.

RoboForex Ltd. is authorized and offshore regulated by the Financial Services Commission (FSC) under license number of IFSC/60/271/TS/17.

This means that the broker is required to adhere to strict regulations and guidelines to ensure the safety of its clients' funds and the integrity of its operations. Additionally, Roboforex is a member of the Financial Commission, an independent organization that provides a neutral dispute resolution process for its members and their clients. It also offer negative balance protection.

Market Instruments

RoboForex offers a diverse range of market instruments, including Forex, Stocks, Indices, CFDs on Futures, Energies, Commodities, Cryptocurrencies, and ETFS.

• Forex - RoboForex offers trading in over 40 currency pairs, including majors, minors, and exotic pairs. They also offer access to the interbank market, which can provide better pricing and execution.
• Stocks - RoboForex offers trading in a wide range of stocks from some of the world's biggest companies, including Apple, Google, Amazon, and Facebook.
• Indices - RoboForex offers trading in a range of global indices, including the S&P 500, NASDAQ, FTSE 100, and DAX.
• CFDs on Futures - RoboForex offers trading in a range of futures contracts, including those based on commodities like gold, silver, and crude oil. This provides traders with opportunities to profit from movements in commodity prices.
• ETFs - RoboForex offers trading in a range of exchange-traded funds (ETFs), providing traders with opportunities to gain exposure to different markets and sectors.
• Energies - RoboForex offers trading in energy markets, including crude oil, natural gas, and heating oil. This provides traders with opportunities to profit from changes in energy prices.
• Commodities - RoboForex offers trading in a range of commodity markets, including gold, silver, and copper. This allows traders to gain exposure to the performance of different commodity markets.
• Cryptocurrencies - RoboForex offers trading in a range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. This provides traders with opportunities to profit from the volatility of these markets.
• ETFs - RoboForex offers trading in a range of exchange-traded funds (ETFs), providing traders with opportunities to gain exposure to different markets and sectors.

Account Types

RoboForex understands that each trader is unique and has their own trading needs and preferences. That's why they have created a diverse range of trading accounts to cater to all types of traders.

• Prime Account: The Prime Account, one of RoboForex's offerings, is an excellent choice for traders who are looking for low spreads and reasonable commission rates. To start trading, clients only need to deposit a mere $10 into their account. This account type provides traders with access to a maximum leverage of 1:300, which is a great advantage for those who want to make the most of their capital. With this account, traders can enjoy trading 28 currency pairs, precious metals, and CFDs on stocks and cryptocurrencies.
• ECN account: RoboForex's ECN account is an exceptional choice for traders who are looking for a trading account with low spreads, high leverage, and a wide range of tradable instruments. With a modest minimum deposit requirement of only $10, traders can take advantage of the account's maximum leverage of 1:500. The ECN account offers an impressive 36 currency pairs, metals, and CFDs on stocks and cryptocurrencies to choose from.
• R StocksTrader account: The R StocksTrader account is a lucrative option for traders who are looking to invest in a broad range of global stocks with a minimum deposit of $100. The account offers a generous maximum leverage of 1:500, which provides ample opportunity for traders to capitalize on their investments. The R StocksTrader account offers access to more than 12,000 stocks from around the world, including the major US and European exchanges, making it an excellent choice for traders who are looking to diversify their portfolio.
• Pro Cent account: The Pro Cent account offered by RoboForex is a versatile and well-rounded option for traders of all levels, and particularly appealing to those who prefer a more conservative approach to trading. With a minimum deposit requirement of just $10, this account type offers accessibility to a wider range of traders. Moreover, the maximum leverage of 1:2000 allows traders to exercise greater control over their positions. The Pro Cent account offers access to 36 currency pairs and metals.
• Pro account: The Pro Account is a sought-after trading account offered by RoboForex. With a modest minimum deposit requirement of only $10, it provides traders with access to an impressive maximum leverage of 1:2000. This means that traders can take larger positions in the market. This trading account grants traders access to 36 currency pairs, including major, minor, and exotic pairs, as well as metals, CFDs on indices, stocks, and cryptocurrencies.

How to Open an Account?

Opening an account with RoboForex is a straightforward process that can be completed in just a few steps.

• First, clients need to visit the broker's website and click on the “Open an account” button located in the top right corner of the page.

• From there, they will be redirected to a registration page where they can fill out their personal and financial information, including emails, name, mobile phone number and more.

• After completing the registration form, clients will need to verify their identity by providing a copy of their government-issued ID and a recent utility bill as proof of address. This step is necessary to comply with international anti-money laundering and know-your-customer regulations.
• Once the account has been verified, clients can fund their account through a variety of methods, including bank transfers, credit/debit cards, and electronic payment systems such as Skrill and Neteller. The minimum deposit for most account types is $10, although the R StocksTrader account requires a minimum deposit of $100.
• After funding their account, clients can download the trading platform of their choice and start trading in the markets.

Leverage

The maximum leverage of 1:2000 available for the Pro Account and Pro Cent account type is particularly noteworthy, offering experienced traders a chance to pursue even more profitable trades. The Prime and ECN accounts also offer high leverage, ranging from 1:300 to 1:500.

However, it's important to note that high leverage can magnify both profits and losses, so traders should use it carefully and with proper risk management strategies in place.

Spreads & Commissions (Trading Fees)

RoboForex offers a variety of trading accounts that determine the spreads and commissions charged. For instance, the Pro Cent and Pro accounts provide average spreads starting at 1.4 pips, whereas the ECN account offers an average spread from as low as 0.1 pips. On the other hand, the Prime account entails up to 10% commissions, while the ECN account provides up to 15% commissions. It's essential to note that the trading fees may vary based on the trading instruments used and market conditions. As such, it's advisable to check the spreads and commissions charged for each trading account before making any trading decisions.

The R stockstrader account stands out as a distinctive trading account option offered by RoboForex, which entails a unique commission structure for trading various instruments. For instance, trading US stocks under this account attracts a commission of 0.009 USD per share, while EU stocks command a commission of 0.025 USD per share. CFDs on US stocks are charged a commission of 0.02 USD per share, while for CFDs on EU stocks, the commission is 0.07%. As for trading currencies, a commission of 15 USD is applied for every 1 million base currency traded. The commission for trading indices is variable and subject to changes based on market conditions.

Non-Trading Fees

RoboForex also charges non-trading fees, which include fees for deposits and withdrawals, as well as account inactivity fees. Inactivity fees are also charged for accounts that have been inactive for more than 90 days, with a fee of $10 per month applied until the account becomes active again.

RoboForex charges overnight interest, also known as swap, on positions held overnight on certain instruments. The overnight interest rates for long and short positions vary depending on the instrument and the trading account type. The rates can be found on the trading platform or on the broker's website.

Trading Platform

RoboForex provides a range of trading platforms to cater to different trading needs and preferences. The most popular trading platforms offered by RoboForex include MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are available for desktop, web, and mobile devices, allowing traders to access the markets from anywhere at any time.

MT4 is a widely used trading platform that offers advanced charting capabilities, automated trading features, and the ability to customize indicators and trading robots. MT5, on the other hand, is a more advanced version of MT4, with additional features such as multi-currency strategy testing and more advanced analytical tools.

In addition to these popular trading platforms, RoboForex also offers its own proprietary platforms, including MobileTrader and R StocksTrader. MobileTrader is a mobile trading platform that provides access to trading accounts, real-time market data, and order execution. R StocksTrader, as mentioned earlier, is a unique trading account that offers commission-based trading on US and EU stocks.

Lastly, for traders who prefer to trade directly from their web browser, RoboForex offers the WebTrader platform. This platform requires no download or installation and offers a simple, user-friendly interface for trading.

Deposit & Withdrawal

RoboForex offers a variety of deposit and withdrawal options, including Local bank transfer, e payments (AstroPay, Skrill, Neteller, Perfect Money, Sticpay), bank cards (VISA/MasterCard/JCB/CUP), QR & Vouchers, Western Union. The accepted currencies are USD, EUR, GBP, and CHF.

There are no deposit fees, but withdrawal fees may apply depending on the payment method used. For example, withdrawals through AstroPay are subject to a fee of 0.5%, and withdrawals through Skrill and Neteller are subject to a fee of 1% and 1.9%, respectively. Withdrawal fees through VISA, MasterCard/JCB/CUP are subject to a fee of up to 2.6 % +1.3 USD.

Withdrawals are processed within 1 business day. The processing time for bank transfers can take up to 5 business days.

Customer Support

Roboforexs customer support can be reached by telephone: +65 3158 8389 (English), +88 6277414290 (HK), +66 65 965 6091 (Thailand), email: info@roboforex.com, info@roboforex-cn.org. The online chat function is available 24/7, allowing clients to connect with a representative in real-time and receive assistance promptly. Additionally, the company's website has an extensive FAQ section, which provides answers to many common questions about trading accounts, deposit and withdrawal methods, trading platforms, and more.

Besides, clients can also follow up with this broker on some social media platforms, such as Facebook, Twitter, Instagram and Youtube.

Company address: 2118 Guava Street, Belama Phase 1, Belize City, Belize; 9724 Ramiro Duran Street, Belize City, Belize.

Educational Resources

RoboForex offers some educational resources to help traders improve their skills and knowledge, including a wide range of analytics, comprehensive educational materials, trading tools such as a trading calculator and financial charts, and much more. These resources are designed to help traders stay up-to-date with the latest market trends and make informed trading decisions, but it's important to note that additional independent research may be necessary for more advanced strategies.

Conclusion

To summarize, RoboForex is a renowned online brokerage firm that provides a diverse range of account options catering to various trading requirements. The broker offers an extensive range of tradable instruments, competitive trading fees, and high leverage options. The user-friendly trading platforms come equipped with advanced trading tools. The broker also offers excellent customer support, with multiple channels available for assistance.

While RoboForex presents an excellent trading opportunity, it is crucial to exercise caution while trading with leverage and implement proper risk management strategies.

FAQs

Is RoboForex a regulated broker?

Yes, RoboForex is regulated by several financial authorities, including CySEC, NBRB, and FSC (offshore).

What trading platforms does RoboForex offer?

RoboForex offers a variety of trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, WebTrader, R MobileTrader, and R StocksTrader.

What is the minimum deposit required to open an account with RoboForex?

The minimum deposit required varies depending on the account type, $10 to open most account types, and $100 to open the R Stockstrader account.

What trading instruments can I trade with RoboForex?

RoboForex offers a range of trading instruments, including stocks, indices, futures, ETFs, soft commodities, energies, metals, and currencies.

It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

What is Titan FX？

Titan FX is an offshore regulated ECN forex broker broker that was established in 2014. The company offers a range of trading instruments, including orex, cryptocurrencies, commodities, index CFDs, and stock CFDs, as well as several account types with different features such as variable or ECN spreads, and high leverage. Titan FX operates on the MetaTrader 4 and 5 platforms, and offers multiple deposit and withdrawal options with no fees. The broker also provides educational resources such as market analysis and technical analysis, and has a customer support team available 24/5 through multiple channels.

In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.

Pros & Cons

Pros:

• Wide range of trading instruments including forex, commodities, and cryptocurrencies.

• Advanced trading platforms such as MT4 and MT5 with social trading capabilities.

• No deposit or withdrawal fees.

• Multiple deposit options including credit/debit cards, bitwallet, and local bank transfers.

• Excellent customer support through live chat, email, and social media platforms.

• Educational resources available on the website, including market analysis, news, and forex basics.

• Relatively high leverage for cryptocurrencies

Cons:

• Lack of good regulation, which may raise concerns for some traders.

• 4% withdrawal fee is applied if no trades are made on the account.

Is Titan FX Legit？

Titan FX operates under offshore regulation by the Seychelles Financial Services Authority (FSA, No. SD138) and the Vanuatu Financial Services Commission (VFSC, No. 40313), which may not offer the same level of oversight as more stringent regulatory bodies like the FCA or SEC.

Additionally, the presence of a suspicious clone British Virgin Islands Financial Services Commission (FSC, No. SIBA/L/23/1124) license raises concerns about potential risks associated with authenticity and security.

However, Titan FX does implement some risk management measures such as offering negative balance protection and maintaining segregated accounts to protect clients' funds. These features help mitigate some risks but do not fully compensate for the lack of robust regulatory oversight. Prospective clients should exercise caution and conduct thorough due diligence when considering trading with Titan FX, weighing the benefits of its trading offerings against the potential regulatory risks.

Market Instruments

Titan FX offers a diverse range of over 250 trading instruments, including forex, cryptocurrencies, commodities, index CFDs, and stock CFDs. With such a wide variety of instruments, traders have a greater opportunity to diversify their portfolios and access different markets. Forex pairs available for trading include majors, minors, and exotics, while commodity trading covers energies, softs, and metals. The indices offered by Titan FX include major global indices such as the S&P 500, FTSE 100, and Nikkei 225. The company also offers trading in popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin, along with popular stocks such as Apple, Amazon, and Tesla.

Accout Types

Titan FX offers a range of trading account types that cater to different trading needs and styles. The Standard Account is a commission-free forex trading account suitable for discretionary traders and low-volume traders. The Blade Account is suitable for high-volume traders, EA traders, and scalpers. The Micro Account is an account for traders that want to start with zero commission fees, a smaller initial deposit, and better risk control.

The accounts can be opened with a low initial investment of just $200 or even $0, and a free demo account is also available. Base currencies include US dollar, Euro, Japanese yen, Singapore dollar. One of the great things about Titan FX's account types is that there are no account opening or maintenance fees.

Leverage

Titan FX offers leverage options of up to 1:500 for the Standard and Blade accounts and 1:1000 for the Micro account. The leverage option for cryptocurrencies is up to 1:100.

High leverage enables traders to amplify their positions and potentially increase their profits, even with a smaller capital investment. However, it is important to note that high leverage also increases the risk of significant losses if the market moves against a trader's position. Therefore, it is crucial for traders to manage their risk effectively and use leverage wisely. While high leverage can be advantageous for experienced traders, novice traders should exercise caution and start with lower leverage ratios until they gain sufficient knowledge and experience.

Spreads & Commissions

Titan FX offers competitive spreads on all trading accounts, with some of the tightest spreads available in the forex market.

Titan FX offers a range of spread and commission structures tailored to different types of traders, providing competitive conditions across its account offerings. For those using the Standard and Micro accounts, the broker provides institutional grade STP (Straight Through Processing) spreads, allowing for transparent pricing without any commission charges. This setup is ideal for traders who prefer a simpler cost structure and are perhaps newer to the forex market.

On the other hand, more experienced traders might opt for the Blade account, which features Raw ECN (Electronic Communication Network) spreads starting from as low as 0.0 pips. This account does carry a commission of $3.5 per 100k traded, reflecting the direct access to underlying market prices and the minimal spread markup.

Trading Platforms

Titan FX offers a range of trading platforms to suit different trading styles and preferences. Traders can choose from the popular MetaTrader 4 and 5 platforms, which offer advanced charting tools, a wide range of technical indicators, and support for automated trading through expert advisors (EAs) and custom indicators. Titan FX also offers its proprietary social trading platform, which allows traders to follow and copy the trades of successful traders in real-time. This platform is user-friendly and requires no installation or additional software.

Deposit & Withdrawal

Titan FX offers multiple options for deposits and withdrawals, including credit/debit card (Visa, MasterCard), bitwallet, Sticpay, Skrill, Neteller, Bank transfer, cryptocurrencies, and Perfect Money (only for withdrawal). There are no deposit or withdrawal fees, and some methods allow for instant clearing of funds to the trading account. The ability to transact in multiple currencies, including USD, EUR, JPY, and SGD, provides flexibility for traders. However, a withdrawal fee of 4% will be applied if no trades are made on the account, and receipt of funds into the account can depend on the withdrawal method used and payment provider. Local Japanese bank transfer only accepts JPY, and cryptocurrency deposit processing time may depend on blockchain.

Education & Analysis

Educational resources are an important aspect of any trading platform, and Titan FX provides a range of resources for its clients. These resources include market analysis, news, forex basics, and technical analysis. The platform offers daily market analysis, which includes an economic calendar, market news, and technical analysis reports. This helps traders stay informed about market trends and events that may impact their trading strategies. Additionally, Titan FX provides forex basics resources, such as trading guides and glossaries, which can be particularly useful for novice traders. Technical analysis resources are also available, including charting tools, indicators, and expert advisors (EAs), which can help traders make informed trading decisions.

Customer Service

Titan FX offers several channels for customer care, including live chat, contact form, phone, email, and social media. Customer support is available 24/5 in multiple languages.

Titan FX is committed to providing exceptional customer service, offering a variety of channels to ensure clients can reach out for support conveniently. The broker offers 24/5 live chat, ensuring quick responses to any inquiries during trading hours. Additionally, customers can contact Titan FX through dedicated phone:+678 27 502, +1 (206) 745-5058, or via email: support@titanfx.comfor more detailed queries. For those preferring written communication, a contact form is also available on their website.

Titan FX's head office is located in Poteau 564/100, Rue De Paris, Pot 5641, Centre Ville, Port Vila, Republic of Vanuatu. They maintain a strong social media presence on platforms like Facebook and LinkedIn, providing updates and engaging with clients.

Furthermore, Titan FX has an extensive FAQ section that covers a wide range of topics from basic company information to specific trading conditions and VPS services.

Promotion

Titan FX offers a range of enticing promotions designed to enhance the trading experience for its clients. One notable offer is the Free VPS promotion, which is ideal for traders who use Expert Advisors (EAs). To qualify, traders need to trade at least 5 lots and maintain a balance of over $5,000, allowing them to subscribe to Beeks VPS for free, ensuring faster and more reliable automated trading.

Additionally, Titan FX has a Refer a Friend program that benefits both the referrer and the referee; each can earn $50 when the referred friend registers and verifies an account, with the bonus being fully withdrawable.

Furthermore, Titan FX hosts exciting trading competitions such as the June Tournament where participants trade with virtual funds but compete for real cash prizes totaling $3,500. This competition is open to everyone and adds a competitive edge to trading with substantial rewards.

Conclusion

In conclusion, Titan FX offers traders a wide range of trading instruments and platforms to choose from, along with a range of account types to cater to different trading styles and preferences. With low spreads, competitive commissions, and high leverage options, traders can take advantage of market opportunities to potentially maximize profits. The company also offers a range of deposit and withdrawal options with no fees attached, making it easy and convenient for traders to manage their accounts. Additionally, the educational resources and customer support provided by Titan FX ensure that traders have access to the knowledge and assistance they need to make informed trading decisions.

However, the company's lack of good regulation may pose a risk to traders. Overall, Titan FX offers a reliable and competitive option for traders looking to enter the global financial markets.

Frequently Asked Questions (FAQs)

Is Titan FX regulated？

Yes, Titan FX is offshore regulated by FSA and VFSC.

What are the trading platforms offered by Titan FX？

MT4, MT5, Webtrader, mobile trading, and Titan FX social.

Does Titan FX charge any fees for deposits or withdrawals？

No. Titan FX does not charge any deposit or withdrawal fees, but some payment providers may charge fees for transactions.

What is the maximum leverage offered by Titan FX？

Up to 1:500 for zero standard and zero blade accounts, 1:1000 for zero micro accounts, and 1:100 for cryptocurrencies.