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RoboForex
Welcome to our comprehensive review of RoboForex, a well-established forex broker that has been in operation since 2009. Regulated by the FSC of Belize and CySEC for its European division, RoboForex has carved a niche for itself in the highly competitive world of forex trading. The company is a member of The Financial Commission organization and participates in its €20,000 compensation fund, providing added assurance to its clients. RoboForex offers a wide range of more than 12,000 products across various categories including Forex, Indexes, Stocks, Cryptocurrencies, ETFs, Commodities, and Metals. The company's user-friendly trading platforms include MetaTrader 4, MetaTrader 5, cTrader, and R Stocks Trader, with the option of copy trading via the CopyFX platform. RoboForex stands out for its innovative features such as the ability to build automated trading solutions via R Trader, a VPS service, an Analytics Center, and rolling promotions. Clients have the flexibility to base their accounts in USD, EUR, GOLD, or CNY and the company also offers Islamic accounts. In this review, we will delve into the specifics of RoboForex's offerings, its trading conditions, and its various platforms. We invite you to read on and share your live trading experiences with this broker. This review aims to provide a balanced and professional analysis of RoboForex, without bias or undue admiration.
With its inception in 2009, RoboForex has been a prominent player in the forex market. Regulated by the FSC of Belize and CySEC for its European division, it ensures a safe trading environment for its clients. RoboForex is also a member of The Financial Commission organization, participating in its €20,000 compensation fund.
RoboForex Review: A Plethora of Forex Products
RoboForex offers a wide range of over 12,000 products across various categories such as Forex, Indexes, Stocks, Cryptocurrencies, ETFs, Commodities, and Metals. This plethora of options gives traders the flexibility to diversify their investment portfolio.
Account Options and Trading Platforms
RoboForex accommodates various account types based in USD, EUR, GOLD, or CNY, and allows micro lot trading. The broker also provides options for Islamic accounts. The trading platforms include MetaTrader 4, MetaTrader 5, cTrader, and R Stocks Trader. For those interested in copy trading, the broker offers the CopyFX platform.
RoboForex: Building Automated Trading Solutions
RoboForex stands out in providing automated trading solutions via R Trader. It also offers other features such as VPS service, Analytics Center, and rolling promotions, enhancing the overall trading experience.
RoboForex Review: Trading Conditions
RoboForex supports various trading strategies, including EAs/Robots, News Trading, and Scalping. It also offers copy trading, making it a suitable platform for both novice and experienced traders.
Deposit and Withdrawal Methods at RoboForex
RoboForex offers a variety of deposit and withdrawal methods, including Bank Wire, VISA, MasterCard, ePayments, FasaPay, Neteller, PaySec, Poli, Skrill, and UnionPay. This wide range of options provides convenience for traders worldwide.
Pros and Cons of RoboForex
Like any other broker, RoboForex has its strengths and weaknesses. Its vast range of trading products, automated trading solutions, and diverse payment methods are some of its strengths. However, the broker might not be available in some countries.
RoboForex: Scammer or Not?
Given its regulation by reputable bodies and its membership with The Financial Commission, RoboForex appears to be a legitimate forex broker. However, traders should always conduct their due diligence before investing.
Safety Check for RoboForex
RoboForex's regulation by the FSC of Belize and CySEC for its European division, along with its membership with The Financial Commission, indicates a high level of safety for its clients.
FAQs
1. When was RoboForex established?
RoboForex was established in 2009.
2. What products does RoboForex offer?
RoboForex offers over 12,000 products across Forex, Indexes, Stocks, Cryptocurrencies, ETFs, Commodities, and Metals categories.
3. Is RoboForex regulated?
Yes, RoboForex is regulated by the FSC of Belize and CySEC for its European division.
4. What trading platforms does RoboForex offer?
RoboForex offers MetaTrader 4, MetaTrader 5, cTrader, and R Stocks Trader platforms.
This is an independent review of RoboForex. Users are invited to share their trading experiences with RoboForex on the forexroboteasy.com website.
forexroboteasy.com
1 review
Despite enduring a slew of mixed opinions, I find myself inclined to rate RoboForex favourably, due to the standard of service I've experienced during my five-year rendezvous with them. It's true, their spread noticeably widens during news events, marking a divergence from other brokers who tend to maintain a more stable status. However, as I don't engage in news trading and scalping, this practice bears no significant impact on my trading experience. This testament propounds that not every broker is a perfect fit for all trading styles; each one comes with their unique shortcomings and benefits. In the case of RoboForex, while they may deter news traders and scalpers, they function seamlessly for traders like me. To further explore this uniqueness, there was an occasion when my affiliate link was temporarily frozen. This event could easily have been seen as a cause for concern. Conversely, this minor glitch did not interfere with my transactions, and the problem was soon rectified. Even during this brief interruption, the funds I had earned previously were duly paid to me. Their willingness to take responsibility for the issue and ensure timely payments extols one of the most attractive aspects of this broker - their customer-centric approach. They simply don't provide a platform for trade operations; they foster a secure, transparent, and responsive interface that proves their concerns go beyond making profits; they genuinely care about their clientele and their feedback. In a bid to showcase their transparency, RoboForex doesn't hesitate in making a representative available, thereby solidifying their commitment toward dealing with customer's concerns earnestly. Their wholesome approach, backed by customer support, fair business practices, and reliable service lines makes trading with RoboForex a reliable choice; provided one is comfortable overlooking slight inconsistencies like a wider spread during news and scalping constraints. In conclusion, my experience with RoboForex over the past five years has been largely positive, with minor matches overshadowed by the broker's commendable transparency and consistency in delivering reliable service. If you can navigate around the limitations and the occasional hiccup, you'll find the platform user-friendly, responsive, and genuinely concerned about its customers' financial fortunes.
I wholeheartedly concur with the observation that RoboForex tends to harbor a slightly wider spread during news hours compared to many other brokers in the industry. However, as someone who does not tend to involve themselves in news trading or scalping, this aspect doesn't influence my trading experience negatively. It's crucial to understand that every broker, no matter how reputed, will have some points for improvement. The example I can put forth would be when RoboForex froze my affiliate link unexpectedly. I appreciated their professionalism as it was reopened eventually, ensuring no long-lasting inconvenience was experienced on my part. However, the incident emphasized that even the most reliable institutions can face certain setbacks. In my experience spanning over half a decade with them, I required their assistance only once with a withdrawal-related issue. Their support team stepped in swiftly and solved my problem, reinforcing the faith I had in them. But, why do I still rate them highly? The answer is simple: Transparency and commitment. Every dime of my money reached securely to me. Interestingly, when my affiliate link was inaccessible, they made it a point to pay me the due commission I had earned previously. This gesture not only strengthened my trust in them but also underlined their approach towards customer service. Moreover, RoboForex's active presence and participation on this platform demonstrate their dedication towards customer satisfaction. This readiness to be in direct touch with their clients and address their concerns publically is a clear signal of their transparency and commitment to service. The fact that they value customer's opinions and are keen on improving their services deserves recognition. In conclusion, any potential drawbacks such as wider spreads during news hours are counterbalanced by their positive attributes such as commitment to transparency and excellent customer service. Thus, making RoboForex a commendable choice for traders who value reliability and customer service.
1 review
From my five-year experience utilizing their trading platform, I can unequivocally express that RoboForex is a commendable choice for those of us who aren't swayed by the winds of news-driven volatility and the rapid-fire manoeuvres of scalping. Admittedly, their spreads widen more than what is observed with most brokers during news breakouts. However, as I don't directly trade based on news announcements, nor do I engage in the high-speed trading approach of scalping, this particular issue doesn't detrimentally affect my trading experience. No broker is devoid of their unique set of flaws and RoboForex is no exception. On a rather unexpected note, they once froze my affiliate link. However, I find it important to point out that it was restored later. They also delayed one of my withdrawals once, which, though slightly disconcerting at that time, wasn't a persistent issue. Yet, in spite of these minor hiccups, RoboForex holds an impressive track record for me. Not only did I receive all of my withdrawal requests completely, but I was also paid for my affiliate link even when it was temporarily inactive. In today's highly competitive trading milieu, a broker's reputation isn't built solely on their ability to shower users with massive returns. It heavily leans on their transparency and concern for their clients. And RoboForex has shown these attributes consistently. The fact that they have a representative here, ready to listen and act on customer concerns, is testimony to their commitment. In summary, RoboForex, while having its share of minor inconveniences, has put forward a strong emphasis on customer satisfaction and transparency. For those who are less influenced by news and don't engage in scalping, this broker offers a promising platform to grow your trading endeavors. I, for one, can verify their service quality from my 5 years of positive dealings with them.
1 review
Entering into the realm of online trading comes with its inherent strengths and weaknesses. One company that has left a noticeable footprint in this industry is RoboForex, and my experience with them has been overall positive even though it has had a few hiccups along the way. Having had a trading relationship with them for over five years now, I have an in-depth understanding of their services and their modus operandi. A trade tactic that RoboForex implements is a noticeably wider spread during news releases, a strategy that tends to be larger than most brokers. While this would be a point of contention for many, I am not a news trader, nor do I engage in scalping. Consequently, this factor doesn't hamper me personally or affect my trading activities. However, this observation is not to mean RoboForex is infallible. For instance, there were instances when they momentarily froze my affiliate link, although it was later rectified and reopened. Additionally, there was once a delay in processing my withdrawal, but thankfully, this has not been a recurring issue. Despite these minor setbacks, RoboForex has demonstrated strong integrity and dedication to its clients. This was evident when they ensured that I received all my earnings, even when my affiliate link was momentarily frozen. Their commitment is not just about their transparency in transaction history, but it also extends to their client relationships. The fact that they have invested in maintaining a representative here shows their level of concern for their clientele. It displays an open channel for dialogue to address any arising issues and feedback. Having a platform where their customers can voice their opinions suggests they are not just in for business but are invested in improving their services — an excellent example of customer-centricity. In the grand scheme of things, RoboForex has proven to be a reliable broker that takes into account users' feedback to continuously innovate and improve its services. The firm's effort to be open and transparent underpins its dedication to providing an excellent trading experience for its customers. Despite the occasional hurdles, my overall experience with RoboForex has been largely positive, and these few issues do not eclipse the general efficiency of their service. Thus, I maintain a good rating for RoboForex, signifying my trust and satisfaction in their services.
1 review
Navigating the world of Forex trading, I had my distinct share of experiences with RoboForex. True to their reputation, they have wider news spreads compared to many brokers in the industry. While this may impact those who rely heavily on trading news or scalp trading, as a trader who doesn't put much weight on such measures, it didn't affect me considerably. No broker is without its downsides, and RoboForex was not exempt from this rule. I had an instance where my affiliate link was temporarily frozen. This was, of course, an inconvenience, but I appreciate that the issue was resolved and my link restored later. More importantly, I want to highlight their commendable withdrawal process. In my five years of affiliating with them, I only required assistance with withdrawal once. Despite this hiccup, I have always successfully received my funds without any hassle, which is a crucial factor in rating a Forex broker. RoboForex demonstrated transparency and reminded me that they value their affiliates when my account was frozen. They ensured that I received the earnings due to me during that period, a commendable gesture showing the integrity of their business practices. One of the qualities that set RoboForex apart is represented in their commitment to customer service. They show genuine attention and care towards their customers’ opinions, evident in their active presence and representatives' responsiveness in forums. This dedication showcases their efforts to maintain transparency and a good rapport with their clients. All this said, my positive overall experience with RoboForex has led me to give them a favorable rating. The small adversities I faced were adequately dealt with, and on the whole, I've found that their performance outweighs the occasional mishaps. The importance they place on client relations, their promptness in resolving issues, and their reliable payout system reflects their dedication to providing a valuable and trustworthy trading platform for users.