RoboForex
Published: Updated:
- Trust score
- 10/10
- Legal simplicity
- 9/10
- Min. deposit
- 0
- Instruments
- Forex, Stocks, Indices, Commodities, Metals, Energies, ETFs, Cryptocurrencies
- Legal entity
- RoboForex Ltd
- Jurisdiction
- Belize
- Fees
- Spreads from 0.0 pips on ECN accounts with commission from $2 per lot per side; Prime and Standard accounts trade on marked-up spreads with no commission. Swaps apply on positions held overnight, and swap-free Islamic accounts are available on request.
- Withdrawals
- Withdrawals are processed to the funding method and are typically completed the same business day, with e-wallets and crypto arriving fastest. RoboForex does not charge a withdrawal fee on most methods; the payment provider's own charges still apply.
- Available in
Features
- Low minimum deposit
- Copy trading
- Islamic accounts
- Interest on account balance
- Segregated accounts
- ECN accounts
- Scalping allowed
- Spread rebates
- Affiliate program
- Wide range of trading instruments
Pros
- Minimal spreads
- Fast withdrawals
- Instant order execution
- Scalping and expert advisors (EAs) allowed
- Indices and stocks available to trade
- Free VPS server
- Social copy trading
Cons
- Phone verification required before your first deposit
- ID and address verification required before your first withdrawal
- Not available to residents of several countries, including Australia, Bonaire, Canada, Curaçao, East Timor, Guinea-Bissau, Indonesia, Iran, Japan, Liberia, Micronesia, the Northern Mariana Islands, Russia, Saipan, Sint Eustatius, South Sudan, Svalbard and Jan Mayen, Tahiti, Turkey, and the US
RoboForex is a forex and CFD broker founded in 2009 and headquartered in Belize, regulated by the International Financial Services Commission (IFSC). It offers multiple asset classes across four trading platforms, plus copy-trading and portfolio-management tools aimed at both beginner and experienced traders.
RoboForex offers a low minimum deposit, ECN and Cent accounts, CopyFX copy trading, Islamic accounts, and a wide range of tradable instruments.
RoboForex is a forex and CFD broker founded in 2009 and headquartered in Belize, regulated by the International Financial Services Commission (IFSC). It offers multiple trading platforms, a wide range of instruments, and tools for copy trading and automated strategies.
Regulation and security
RoboForex operates under an IFSC (Belize) license, which sets requirements for client security and fair trading, though offshore regulation is generally lighter than in the US, UK, or EU. Client funds are held in accounts segregated from the company's own funds, and the broker applies standard measures to protect clients' personal and financial data.
Trading instruments and platforms
Beyond forex, RoboForex offers stocks, indices, commodities, and CFDs. Trading is available on MetaTrader 4, MetaTrader 5, cTrader, and the broker's proprietary R Trader platform, covering a range of experience levels and trading styles.
Account types
RoboForex offers ECN, Standard, Cent, and Prime live accounts alongside a Demo account. Cent accounts let traders open positions with very small amounts, useful for testing strategies with limited capital; ECN accounts give direct market access with competitive spreads and low commissions; Prime accounts target more advanced trading conditions.
Copy trading and automation
CopyFX lets clients automatically copy the trades of other traders. RAMM (Risk Allocation Management Model) combines copy trading with portfolio management, letting investors spread funds across multiple strategies. MT4 and MT5 both support Expert Advisors (EAs) for algorithmic trading, and RoboForex provides VPS hosting so automated strategies keep running without a personal computer left on.
Education and support
RoboForex provides tutorials, webinars, and e-books for beginner and experienced traders, and offers customer support in multiple languages, available 24/7.
Country restrictions
RoboForex does not accept registrations from a number of countries, including Australia, Bonaire, Canada, Curaçao, East Timor, Guinea-Bissau, Indonesia, Iran, Japan, Liberia, Micronesia, the Northern Mariana Islands, Russia, Saipan, Sint Eustatius, South Sudan, Svalbard and Jan Mayen, Tahiti, Turkey, and the US.
Trading conditions
RoboForex runs several account types on the same liquidity: Pro and Prime trade on marked-up spreads with no commission, ECN and R StocksTrader charge raw spreads plus commission. The Cent account denominates balances in cents, which lets a trader size positions far below a standard micro lot — the practical reason the broker suits a first live account.
Leverage reaches 1:2000 on the offshore entity, which is a function of Belize regulation rather than of any assessment of the client. Scalping, hedging and Expert Advisors are permitted on all account types, and there are no restrictions on holding through news releases.
Stop-out is set at 40% for most account types and 20% on ECN. Positions are closed largest-loss-first once equity falls through it.
Verification
Verification requires a government-issued photo ID and a proof of address dated within the last three months — a utility bill, bank statement or official correspondence showing the same name and address as the account profile. RoboForex also requires phone verification before the first deposit is released.
Documents are typically reviewed within one business day. The most frequent rejection is an address document that shows a name in a different transliteration from the passport, which matters for clients whose documents are issued in a non-Latin script.
