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Pros

Offers automated trading solutions that can operate without human intervention, potentially increasing efficiency.
Provides a user-friendly interface designed for both beginners and experienced traders, making it accessible to a wider audience.
Claims to utilize advanced algorithms for market analysis, which may help in identifying trading opportunities.

Cons

Lacks regulatory oversight, raising concerns about the safety and security of investors' funds.
User reviews indicate issues with customer support and withdrawal difficulties, suggesting potential reliability problems.
Promises of high returns with minimal risk may be unrealistic, and users should be cautious of such claims.

Robotic Trade broker Accounts

RoboForex Account Types

RoboForex offers a diverse range of account types designed to cater to the varying needs of traders. The available account types include:

  • Procent Account
    • Minimum Deposit: $10 / €10
    • Leverage: Up to 1:2000
    • Spreads: Floating from 1.3 pips
    • Commission: None
    • Suitable For: Beginners and strategy testing with minimal risk.
    • Trading Instruments: 36 currency pairs and metals.
    • Pro Account
      • Minimum Deposit: $10 / €10
      • Leverage: Up to 1:2000
      • Spreads: Floating from 1.3 pips
      • Commission: None
      • Suitable For: Both novice and experienced traders.
      • Trading Instruments: 36 currency pairs, metals, CFDs on US stocks, indices, and oil.
      • ECN Account
        • Minimum Deposit: $10 / €10
        • Leverage: Up to 1:500
        • Spreads: Floating from 0 pips
        • Commission: Yes, $20 per $1,000,000 traded
        • Suitable For: Experienced traders seeking tight spreads and high-speed execution.
        • Trading Instruments: 36 currency pairs, metals, CFDs on US stocks, indices, oil, and futures.
        • Prime Account
          • Minimum Deposit: $10 / €10
          • Leverage: Up to 1:300
          • Spreads: Floating from 0 pips
          • Commission: $15 per $1,000,000 traded
          • Suitable For: Professional traders looking for the best trading conditions.
          • Trading Instruments: 28 currency pairs, metals, CFDs on US stocks, indices, and oil.
          • R StockTrader Account
            • Minimum Deposit: $100
            • Leverage: Up to 1:500
            • Spreads: Floating from $0.01
            • Commission: Varies by asset
            • Suitable For: Traders interested in multi-asset trading with a user-friendly platform.
            • Trading Instruments: Over 12,000 assets including indices, real stocks, ETFs, and CFDs.

            RoboForex Broker Account Opening Process

            To open an account with RoboForex, follow these steps:

            • Visit the RoboForex Website: Navigate to the official RoboForex website.
            • Click on ‘Open an Account’: Find the registration section and click on the button.
            • Select Account Type: Choose the account type that best suits your trading needs.
            • Fill in Personal Details: Provide accurate personal information such as your full name, email address, phone number, and country of residence.
            • Provide Identification: Upload scanned copies of identification documents (e.g., passport, driver's license) and proof of address (e.g., utility bills).
            • Complete the Questionnaire: Answer questions regarding your trading experience and knowledge.
            • Read and Accept Terms: Carefully read the terms and conditions, and if you agree, proceed to the next step.
            • Submit Application: Review the provided information and click on the submit button.
            • Account Verification: Log in to your account and upload the necessary documents for verification.
            • Deposit Funds: After verification, log in and navigate to the ‘Deposit Funds’ section to choose a payment method and enter the desired deposit amount.
            • Once your account is funded, you can start trading on the RoboForex platform.

Robotic Trade accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
Robotic Trade Account