FXBrokerTrust
RoboForex

RoboForex

Compliant
Company Name
RoboForex
Headquarters
Belize
Founded
Founded in 2009
  • CySEC
  • FSA
  • VFSC
  • IFSC
Overall Score
7.4/10
Min Deposit
$10
Max Leverage
1:2000
EUR/USD Spread
0.0 pips
Trading Platforms
MT4, MT5, R Trader, cTrader
Withdrawal Speed
1-2 business days

Overview

RoboForex is a multi-asset broker founded in 2009 and headquartered in Belize City, Belize. Regulated by CySEC, FSA(Seychelles), IFSC, and VFSC, RoboForex is known for its R StocksTrader platform offering access to 12,000+ instruments, CopyFX copy trading service, high leverage up to 1:2000, and support for MT4, MT5, and cTrader platforms.

Basic Information

Company Name
RoboForex
Founded
Headquarters
Belize
Official Website
https://www.roboforex.com
Instruments
Forex, CFD, Indices, Commodities, Cryptocurrencies, Shares, ETFs, Energies
Account Types
Pro-Standard, Pro-ECN, Prime, R StocksTrader

Regulation

Regulatory licenses and compliance status of this broker

  • CySECVerified

    CySEC · License Number CySEC 191/13

  • FSAVerified

    FSA · License Number SD023

  • VFSCVerified

    VFSC · License Number 40236

  • IFSCVerified

    IFSC · License Number IFSC/60/271/TS/17

Trading Conditions

Trading Conditions

Min Deposit
$10
Max Leverage
1:2000
EUR/USD Spread
0.0 pips
Execution Type
ECN/STP
Trading Platforms
MT4, MT5, R Trader, cTrader
Account Types
Pro-Standard, Pro-ECN, Prime, R StocksTrader

Deposits & Withdrawals

Deposit Methods

  • Bank Transfer
  • Credit/Debit Card
  • Skrill
  • Neteller
  • Perfect Money
Deposit SpeedInstant
Deposit FeeFree

Withdrawal Methods

  • Bank Transfer
  • Credit/Debit Card
  • Skrill
  • Neteller
Withdrawal Speed1-2 business days
Withdrawal FeeFree (1 per day)

Scoring Details

Regulatory QualificationWeight 30%
7.0
Trading EnvironmentWeight 20%
7.8
Fund SafetyWeight 15%
7.0
User ReputationWeight 15%
7.4
Platform FeaturesWeight 10%
7.8
Customer ServiceWeight 10%
7.5

Pros & Cons

Pros

  • R StocksTrader with 12,000+ instruments
  • Four trading platforms (MT4, MT5, cTrader, R Trader)
  • High leverage up to 1:2000
  • CopyFX transparent copy trading service
  • Commission-free stock trading available

Cons

  • Headquartered in offshore jurisdiction
  • Some regulators are less stringent
  • Limited educational resources
  • Customer support not available 24/7
  • Withdrawal fee after first daily withdrawal