Roboforex Review
RoboForex is an STP provider and a forex broker. It was started six zears ago from New Zealand. It is a subsidiary of Roboforex LP. It is New Zealand registered, under FSP.
Specialty of this broker is nice bonuses and participation in promoting events. As for the bonuses, first there is a 115% of your deposit sum for new traders.
There is also a bonus in coupons which can be won by traders who trade heavy. They can deposit bonus worth $15 to some other owner of account at Roboforex. This is best suitable for work as affiliates to Roboforex.
Another 15 bucks are reserved for those who complete their verification on Roboforex. Also, from the company they say that new bonuses and rewards would be revealed upon their occurrence.
Roboforex has two types of general accounts, professional and retail. As for professional accounts, there is ECN pro, which is the basic ECN account. With this account, there are floating spreads, pricing with five ditits, and ther is no market execution on dealing desk. Roboforex doesn’t limit minimum deposit for ECN pro account. It offers just below fifty currency pairs for clients trading with ECN pro. Leverage reaches 1:200 with levels of stop outs and margin calls being 40% and 60% respectively.
ECN Fix account is another professional ECN version of account that offers users floating spreads, high liquidity, execution with no desk interference dealing, as well as good rewards for introducing new brokers. Let’s also note that there are no minimum for trade points for commissions of this type at Roboforex.
Now, as for retail accounts, there is a micro account called “Fix Cent” with 0,1 lots being minimum volume for order. Level for stop out is ten percent and users can use swaps. There are less than 40 currency pairs for trading, including metals.
Pro cent account has all the conditions same as with Fix Cent, however, here there are near 50 currency pairs to trade with compared to near 40 at Fix Cent.
Roboforex offers traders possibility to trade with several platforms: MT4 and multiterminal which is suitable for account managers as well as those with multiple accounts. The owners of all types of account can trade either with MT4 or multiterminal.
There is of course option to trade using mobile devices that run on iOS, Android and Windows operating systems.
In addition, there are Currenex Viking and cTrader platforms for professional traders. Those two are the same with only difference being the layout and look, because the two different producers were responsible for creating those.
Roboforex has a set commission of $20 per million units of traded positions of starting currency. The retail traders have spreads given in a table on roboforex’s website.
Let’s not forget to say that Roboforex gives charts on each of the platforms.
A feature for those who join Roboforex, there are several ways to get to their way around. There is education video, there are online lessons, periodically held webinars and also, there is a trial account (demo) for users to learn how to use MT4.
For additional help, you can reach customer service via phone, email or chat with staff live.
When you are done with learning and getting money, you can withdraw it standard ways that you transfer your money around the web. You can deposit money with Webmoney, Neteller, Paypal, CashU and Skrill are there in addition to bank transfer.
You can also deposit money with cards, Payoneer, LiqPay, Payoneer and Liberty Reserve.
Minimum depist depends on the method you want to use. For example, it is via Skrill $10, with bank transfer is $500. Maximum deposit are in range from $1000 to $20000 depending on the method. As for withdrawing, bank transfers minimum is $500, electronic payments have $5 bucks, or for example for Payoneer it’s $20. Roboforex didn’t set any maximum withdrawal for neither of withdrawing methods.
Reference : Roboforex bonus
