*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.

VT Markets Information

VT Markets was founded in 2015 and headquartered in Sydney, Australia, has over ten years' experience and expertise in global financial markets. As a regulated broker, VT Markets operates under the oversight of the Financial Sector Conduct Authority (FSCA).

VT Markets offers a suite of trading instruments, including major, minor, and exotic currency pairs. In addition to forex, the broker also provides access to other financial instruments, including precious metals, energies, CFD shares, indices, soft commodities, ETFs & bonds. Traders can benefit from competitive trading conditions at VT Markets, including low minimum deposit of $50, fast execution speeds, and flexible leverage options up to 500:1.

VT Markets supports the industry-standard MetaTrader 4 (MT4) trading platform and MetaTrader 5 (MT5) trading platform, as well as webtrader, known for its robust functionality, advanced charting tools, and customizable features, with access to a wide range of technical indicators, expert advisors (EAs), and automated trading capabilities.

Pros & Cons

However, the ASIC license is just general registrated and residents of United States, Singapore and Russia are not allowed.

Is VT Markets Legit?

VT Markets operates under the regulation of multiple regulatory authorities, including the Australian Securities and Investments Commission (ASIC, general registration) in Australia and the Financial Sector Conduct Authority (FSCA) in South Africa.

Market Instruments

VT Markets boasts an extensive and diverse range of over 1,000 market instruments, making it a highly attractive option for traders looking to diversify their investment portfolios. This broad selection includes major categories such as forex, which offers a variety of currency pairs; precious metals like gold and silver; energies including oil and natural gas; and CFD shares that cover numerous global corporations.

Additionally, VT Markets provides opportunities to trade indices, soft commodities like coffee and sugar, as well as ETFs & bonds.

Account Types

VT Markets offers a versatile range of account types to cater to different trading needs and preferences, including Standard STP, Raw ECN, Swap Free, Cent, and Demo accounts. The minimum deposit required is accessible, with $100 needed for the Standard STP, Raw ECN, and Swap Free accounts, and a lower threshold of 5,000 USC (equivalent to $50) for the Cent accounts, making it easier for traders with varying financial capabilities to enter the market.

The base currencies available also provide flexibility; Standard STP and Raw ECN accounts support AUD, USD, GBP, EUR, CAD, and HKD, while Swap Free accounts offer all except HKD, and Cent accounts operate exclusively in USC. Additionally, VT Markets enhances trading opportunities by offering bonuses for Standard STP, Raw ECN, and Swap Free accounts.

How to Open an Account?

Opening a trading account with VT Markets is a straightforward and user-friendly process designed to facilitate quick access to the trading world.

To begin, simply click the ‘Trade now’ button on their platform.

You will then be prompted to enter your personal information, including your country of residence, email address, and a password of your choice; there is also an optional field for a referrer if applicable. Once these details are filled in, click the Open a live account button to finalize the setup of your new trading account.

Leverage

With a leverage of up to 500:1, its customers can trade 40 different currency pairings and spot gold contracts. One can use a leverage of up to 1:333 on energy commodities, 1:100 on Silver Spot, and 1:20 on soft commodities such as cocoa, coffee, cotton, orange juice, and raw sugar (Crude Oil, Natural gas, Gasoline, and Gasoil). Stocks of the 50 largest U.S. and Hong Kong firms are available for trading via Contracts for Difference (CFDs), with leverage of 1:20. You can trade 15 stock indexes, including the SP 500, DJ30, and US 2000, with high leverage (up to 1:333).

Spreads & Commissions

VT Markets offers a competitive and varied structure of spreads and commissions tailored to different types of trading accounts, ensuring traders can select the option that best suits their trading style and strategy.

For those preferring simplicity and no commission costs, the Standard STP and Standard STP (Swap free) accounts offer spreads starting from 1.2 pips, and the Cent Account STP starts from 1.1 pips, all with zero commission charges.

Conversely, for traders looking for tighter spreads and are comfortable with commission fees, the Raw ECN, Raw ECN (Swap free), and Cent Account ECN accounts provide spreads starting as low as 0.0 pips with a commission of $6 per round turn.

Trading Platforms

VT Markets offers a range of advanced trading platforms to cater to the diverse needs of traders. With their selection of robust platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), WebTrader, and the VT Markets App.

WebTrader: The WebTrader platform is a web-based trading solution that provides traders with the flexibility to access their accounts from any web browser without the need for software installation. It offers a user-friendly interface, real-time market data, and essential trading features. Traders can analyze charts, place trades, and manage their positions conveniently through WebTrader.

VT Markets App: The VT Markets App is a mobile trading platform designed for traders who prefer to trade on the go. Available for both iOS and Android devices, the app allows traders to access their accounts, monitor market conditions, and execute trades from anywhere, anytime.

Copy Trading

VT Markets provides an innovative copy trading service that allows traders, especially those who may not have the time or expertise to trade independently, to automatically replicate the positions of more experienced traders.

Deposits & Withdrawals

VT Markets supports a variety of popular payment methods. These include major credit cards like MasterCard and Visa, bank transfers, and several e-wallets such as Neteller, Skrill, UnionPay, and FasaPay.

Bonus

VT Markets offers enticing bonus schemes to both new and existing clients, enhancing their trading potential. New clients are welcomed with a 50% bonus on their initial deposit, applicable to all account types. This welcome bonus is designed to give traders a substantial boost as they begin their trading journey, with the bonus credit being added to their accounts within just one business day after the deposit.

Additionally, VT Markets provides a recurring 20% deposit bonus for all subsequent deposits over $1,000, allowing traders to increase their trading capital by up to $10,000 in extra funds. This ongoing bonus can be claimed multiple times, offering continuous support to enhance trading activities.

Educational & Tools

VT Markets provides a comprehensive suite of educational resources and analytical tools. The learning center at VT Markets is extensive, featuring a trading glossary for beginners, detailed courses on forex trading, and specialized tutorials on using MetaTrader platforms. Additionally, they offer podcasts that delve into various trading topics, catering to learners who prefer auditory content.

On the analysis front, VT Markets provides daily market analyses and weekly market overviews to keep traders informed about the latest market trends and opportunities. Their blog also serves as a valuable resource for deeper insights and trading strategies.

Furthermore, VT Markets enhances trading efficiency with practical tools such as an economic calendar, trading signals, and access to Trading Central MT4 tools and ProTrader tools. They also support automated trading by offering expert advisors.

Customer Support

VT Markets prioritizes exceptional customer support by providing around-the-clock assistance through various channels, ensuring traders can receive help whenever required. Their 24/7 Help Center is equipped to address and resolve common issues instantly, facilitating a seamless trading experience.

For more interactive and immediate assistance, VT Markets features a live chat service where traders can communicate directly with knowledgeable support staff in real-time.

Additionally, traders can reach out via email at info@vtmarkets.com, with the assurance of receiving a detailed response within 1-3 business days.

VT Markets also extends its customer engagement through active social media presence on platforms like LinkedIn, YouTube, Facebook, and Instagram, offering updates, educational content, and a platform for community interaction.

Frequently Asked Questions (FAQs)