Who is RoboForex?
RoboForex is an online broker that offers trading in a wide variety of financial instruments, including forex, CFDs, and cryptocurrencies. The company is headquartered in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC). RoboForex has been in business since 2009 and offers its services to traders from all over the world.
RoboForex provides its clients with a choice of two account types: Standard and Pro. The Standard account is best suited for beginner traders, while the Pro account is designed for more experienced traders. Both account types offer leverage of up to 1:500 and require a minimum deposit of $10.
In addition to its CySEC regulation, RoboForex is also registered with several other financial authorities, including the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC). The broker is also a member of the Investor Compensation Fund (ICF), which provides protection for investors in the event that a broker becomes insolvent.
What are the pros and cons of using RoboForex?
RoboForex is an online broker that offers trading in a wide range of financial instruments, including Forex, CFDs, and precious metals. The company is headquartered in Cyprus and is regulated by the CySEC.
The main advantages of using RoboForex are:
– Wide range of financial instruments available for trading
– Low minimum deposit requirement
– Competitive spreads
– Excellent customer support
The main disadvantages of using RoboForex are:
– No US clients accepted
– Limited education and research materials available
What do traders think of RoboForex?
RoboForex is one of the most popular online brokerages for forex and CFD trading. And it’s no surprise why – they offer competitive spreads, a wide range of tradable assets, and an user-friendly platform. But what do traders really think of RoboForex?
We took a look at some of the most popular online forums to get a pulse on what traders are saying about this brokerage. Overall, the sentiment is positive – many traders appreciate the low spreads and fast execution speeds that RoboForex offers. There are also many happy customers who have had success using the brokerage’s automated trading features.
However, there are a few complaints as well. Some traders feel that the customer service could be improved, and there have been reports of account suspensions with no clear explanation from the broker. Overall, though, it seems that RoboForex is a solid choice for online trading – especially if you’re looking for low spreads and fast execution.
How to open an account with RoboForex
RoboForex is an online broker that offers forex and CFD trading. It is regulated by the CySEC, and offers multiple account types, including micro, standard, and VIP accounts. In order to open an account with RoboForex, you will need to provide some personal information, as well as choose a account type and funding method. You can fund your account with a credit or debit card, bank wire transfer, or e-wallet. Once your account is funded, you can start trading forex and CFDs on a variety of markets.
Conclusion
Overall, RoboForex is a decent broker with some good features. The main downside is the lack of regulation, which gives traders less protection than they would have with a regulated broker. However, if you’re comfortable trading with a non-regulated broker, then RoboForex could be a good option for you.