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Rating Index

Pros

Claims to utilize advanced automated trading technology
Offers a variety of account types for different investment levels
Promotes a user-friendly interface aimed at beginner traders

Cons

Unregulated and blacklisted by multiple financial authorities
Promises of guaranteed profits and loss coverage are unrealistic
Reports of difficulties with fund withdrawals and potential scams

RoFx broker Accounts

RoboForex Account Types

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

  • Prime Account
    • Minimum Deposit: $10 / €10
    • Spreads: Floating from 0 pips
    • Commission: Yes, varies by instrument
    • Maximum Leverage: 1:300
    • Trading Platforms: MetaTrader 4, MetaTrader 5, R Stock Trader
    • Instruments: 28 currency pairs, metals, CFDs on US stocks, indices, oil, and cryptocurrencies.
    • ECN Account
      • Minimum Deposit: $10 / €10
      • Spreads: Floating from 0 pips
      • Commission: Yes, $20 per million USD traded
      • Maximum Leverage: 1:500
      • Trading Platforms: MetaTrader 4, MetaTrader 5, cTrader, R Stock Trader
      • Instruments: 36 currency pairs, metals, CFDs on US stocks, indices, oil, and cryptocurrencies.
      • R StockTrader Account
        • Minimum Deposit: $100
        • Spreads: Starting from $0.01
        • Commission: Varies by asset
        • Maximum Leverage: 1:500
        • Trading Platforms: R Stock Trader
        • Instruments: Over 12,000 including real stocks, indices, ETFs, and cryptocurrencies.
        • Procent Account
          • Minimum Deposit: $10 / €10
          • Spreads: Floating from 1.3 pips
          • Commission: None
          • Maximum Leverage: 1:2000
          • Trading Platforms: MetaTrader 4, MetaTrader 5, R Stock Trader
          • Instruments: 36 currency pairs, metals, and cryptocurrencies.
          • Pro Account
            • Minimum Deposit: $10 / €10
            • Spreads: Floating from 1.3 pips
            • Commission: None
            • Maximum Leverage: 1:2000
            • Trading Platforms: MetaTrader 4, MetaTrader 5, R Stock Trader
            • Instruments: 36 currency pairs, metals, CFDs on US stocks, indices, oil, and cryptocurrencies.

            RoboForex Broker Account Opening Process

            To open an account with RoboForex, follow these steps:

            • Visit the Website:
              • Go to the official RoboForex website.
              • Click on "Open an Account":
                • Find the "Open an Account" button on the homepage.
                • Fill in Personal Information:
                  • Provide your name, email, and phone number. Ensure the details match your identification documents.
                  • Select Account Type:
                    • Choose the account type that fits your trading needs (e.g., Prime, ECN, Procent, etc.).
                    • Submit the Application:
                      • After filling in the required information, click "Register."
                      • Verify Your Email:
                        • Check your email for a confirmation link from RoboForex and verify your email address.
                        • Complete Verification:
                          • Upload necessary identification documents (passport or ID) and proof of address (utility bill, bank statement).
                          • Fund Your Account:
                            • Once verified, log in to your member area and deposit funds using your preferred payment method.
                            • Explore Trading Platforms:
                              • Download and install the trading platform of your choice (MetaTrader 4, MetaTrader 5, or R Stock Trader) and log in.
                              • Start Trading:
                                • You are now ready to start trading with RoboForex!

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