RoboForex Review 2020 - Types of Accounts, Regulations and Trading Instruments - Safetrading
RoboForex is an online broker from Belize with more than 11 years of experience and with a big amount of trading tools.
I am sure you have seen a lot of different brokers who promised you would be rich and successful if you traded with them.
And the first thing you need to know is that no one and never can promise you you will definitely earn.
Online trading is very risky and you need to find a good broker to trade with.
Today, in this RoboForex review, Safetrading will talk about this broker and it’s activity - features, types of accounts, regulations, RoboForex USA, etc.
What Is RoboForex?
The company was established in 2009, so, as I told you, it has more than 10 years of experience.
And, as I can see, the highest popularity came to them in 2018.
The company is from Belize. They are registered in Gibraltar and Cyprus as well.
RoboForex MT5 is regulated by IFSC Belize.
They offer 9 asset types and… more than 12,000 trading instruments!
By the way, I found very interesting information on their website on the insurance provided. So, they have a Civil Liability insurance program for a limit of 5,000,000 EUR in the situation when the client loses his money in case of company errors or fraud.
This is very good.
About RoboForex USA - the users from the USA, Canada, Japan, and Australia can’t use the broker’s services.
So, as I told you before in the RoboForex review, it offers 9 trading assets.
Let’s go through all of them.
They offer around 50 currency pairs to trade on Forex with the maximum leverage of 1:2000.
All the RoboForex spread and RoboForex commission depend on the type of account you choose.
Here you can trade ONLY with CFDs on stocks. I hope you know what it is and you need to understand that the biggest difference in CFD trading is that you don’t own the assets.
There are a lot of trading instruments - more than 12,000.
The maximum leverage you can use is 1:20.
By the way, RoboForex MT4 offers a special trading bot that can automate your trades.
Indices and Crypto Indices
Here they have around 10 trading instruments with the maximum leverage of 1:10. Here you can trade only CFDs.
And again - CFDs!
RoboForex MT4 offers 26 CFDs on cryptocurrencies. Among them are Bitcoin, Bitcoin Cash, Dash, Ethereum, etc.
The maximum leverage is 1:50. And the minimum deposit is $10.
This trading asset is offered not by every broker.
Here, they offer more than 1,000 ETFs with the maximum leverage of 1:20.
If you want to start trading ETFs, you need to have at least $100 on your account.
Soft and Energy Commodities
RoboForex MT4 offers more than 100 commodities to trade like cocoa, corn, natural gas, oil, sugar, etc.
If you want to trade soft commodities, the minimum amount of money you need to have on your account is $100 and the maximum leverage you can use is 1:20.
And in case you want to trade energies, you may have $10 on your account and use the maximum leverage of 1:100.
With RoboForex trader you can trade Gold, Silver, and different ETFs on palladium, etc.
There are more than 20 different metals and ETFs available.
Types of Accounts
So, there are 5 main types of accounts.
The most popular account by users is the Pro-Standard Account because it is good for newcomers and professional users.
Also, if you want to test your own trading strategy, RoboForex MT4 can offer you the Pro-Cent Account. On this account, you trade only Forex, Metals, and Cryptocurrencies.
Then, there is the ECN-Pro Account and this one is only for advanced traders. This account offers the lowest RoboForex spread and the maximum leverage of 1:500.
The next account is for professional traders only as well - Prime Account. Here the available leverage is 1:300.
And the last type of account is a unique one - R Trader and is for experienced traders as well. This account is like “the fullest” with the maximum leverage of 1:200.
I hope this RoboForex review was very helpful and now I want to provide you some conclusions.
This broker is quite safe, good and experienced - the company was established in 2009.
RoboForex trader offers a lot of trading instruments, 5 types of accounts, RoboForex news, RoboForex deposit bonus, etc.
Anyway, before trading with this or that broker, it is very important to go through all the Terms & Conditions that are present on the website because you need to be aware of all the future risks.
RoboForex USA, Australian, Canadian and Japanese clients can’t trade with this broker.
If you want to check the reviews of other brokers, we advise you to visit this page where you will find RoboMarkets review, Alpari review, FreshForex review, etc.