Search
RoboMarkets Forex broker specializes in providing foreign exchange trading services, the company's official website https://my.robomarke..., the company's legitimate regulatory information SeychellesFSARetail Forex License to enhance the security of the company's address Suite 3, Global Village, Jivan's Complex, Mont Fleuri, Mahe, Seychelles

RoboMarkets Forex Broker

Basic Information

Registered Region
Seychelles
Operating Period
--
Company Name
RoboMarkets Ltd (Seychelles)
Abbreviation
RoboMarkets
Company employee
--
Customer Service Email Address
info@robomarkets.sc
Contact Number
+2484671945
Company address
Suite 3, Global Village, Jivan's Complex, Mont Fleuri, Mahe, Seychelles
Keywords
2-5 years
Regulated in Seychelles
Retail Forex License
High potential risk
Offshore Regulated

Company profile

RoboMarkets Review SummaryFounded2019Registered Country/RegionSeychellesRegulationFSAMarket InstrumentsCurrencies, Stocks, Indices, ETFs, Commodities, Energies, MetalsDemo Account✅LeverageUp to 1:2000SpreadFrom 0 pips (Prime/ECN); From 1.3 pips (Pro/ProCent); From 0.002 USD (StocksTrader)Trading PlatformMetaTrader 4 (MT4), MetaTrader 5 (MT5), R StocksTraderMin Deposit10 USDCustomer SupportAddress: Suite 3, Global Village, Jivan's Complex, Mont Fleuri, Mahe, SeychellesPhone: +248 467 1945RoboMarkets Information Founded in 2019 and regulated by the Seychelles FSA (license no. SD048), RoboMarkets is an online broker offering access to over 12,000 trading instruments across various markets. It provides multiple trading platforms including MT4, MT5, and R StocksTrader, suitable for both beginners and experienced traders. While the broker is known for its high leverage options and low trading fees, it lacks support for cryptocurrencies and CFDs.Pros and ConsProsConsRegulated by the FSACrypto and CFD trading not availableSupports MT4, MT5, and proprietary R StocksTraderLimited information about inactivity feeMultiple account types with low spreadsStock-focused account has higher minimum deposit ($100)Is RoboMarkets Legit? Yes, RoboMarkets is a legitimate broker. It is regulated by the Seychelles Financial Services Authority (FSA) and holds a Retail Forex License with the license number SD048.What Can I Trade on RoboMarkets? RoboMarkets offers access to over 12,000 trading instruments across 7 asset classes, providing diverse options for traders. These include stocks, indices, ETFs, commodities, and more.Tradable Instruments Supported Forex✅Commodities✅Crypto❌CFD❌Indexes✅Stock✅ETF✅Account Types RoboMarkets offers 5 types of live accounts tailored for different trader profiles, along with demo accounts for practice.Account TypeInstruments OfferedMin. DepositSpreadMax LeverageDemo AvailableSuitable ForPrime28 Forex pairs, Metals, CFDs on US stocks, Indices, Oil10 USDFrom 0 pips1:300✅Traders seeking best conditionsECN36 Forex pairs, Metals, CFDs on US stocks, Indices, Oil10 USDFrom 0 pips1:500❌Professional tradersR StocksTrader12,000+ Stocks, ETFs, Indices, Currencies, Oil, Metals100 USDFrom 0.002 USD1:300✅Stock and ETF-focused tradersProCent36 Forex pairs, Metals10 USDFrom 1.3 pips1:2000❌Testing strategies and EA usersPro36 Forex pairs, Metals, CFDs on US stocks, Indices, Oil10 USDFrom 1.3 pips1:2000✅Beginner tradersLeverage RoboMarkets offers flexible leverage options depending on the account type, with maximum leverage ranging from 1:300 to 1:2000. For example, Pro and ProCent accounts offer up to 1:2000, while the R StocksTrader account offers up to 1:300. Leverage can magnify both gains and losses. While high leverage increases the potential for profit, it also bring risks.RoboMarkets Fees Compared to industry standards, RoboMarkets offers low trading fees, especially on accounts like Prime and ECN that feature floating spreads from 0 pips and zero commission on certain instruments.Account TypeSpread (EUR/USD)CommissionPrimeFrom 0 pips$20 per 1M USD traded (some assets)ECNFrom 0 pips$20 per 1M USD tradedProFrom 1.3 pipsNoneProCentFrom 1.3 pipsNoneR StocksTraderFrom 0.002 USD (stocks)$0.01 per share or commission-freeNon-Trading FeesNon-trading FeesDetailsDeposit FeeNone – RoboMarkets covers all deposit expensesWithdrawal FeeFree – Up to 2 free withdrawals per month; fees may apply afterwardInactivity FeeNot mentionedTrading PlatformTrading PlatformSupportedAvailable DevicesSuitable for What Kind of TradersMetaTrader 4 (MT4)✔Windows, iOS, AndroidClassic platform users preferring simplicityMetaTrader 5 (MT5)✔Windows, iOS, AndroidAdvanced traders needing additional featuresR StocksTrader✔Web browser, iOS, AndroidTraders of ETFs, real stocks, and modern instrumentsDeposit and Withdrawal RoboMarkets does not charge any deposit fees, and offers two free withdrawals per month. The minimum deposit starts from 10 USD, depending on the account type.MethodMin. DepositMin. WithdrawalFeesProcessing TimeVisa / Mastercard10 USDNot mentionedFree (Deposit), Free (2x/month withdrawal)InstantBank Transfer100 USDNot mentionedFree (Deposit), Standard withdrawal fee after 2x/month1–3 business days

Rating Index

Pros/Cons
Accounts

Pros

Competitive trading conditions with low spreads starting from 0 pips.
A variety of trading platforms available, including MetaTrader 4, MetaTrader 5, and their proprietary R Stock Trader.
Regulated by the Cyprus Securities and Exchange Commission (CySEC), providing a level of trust and security for clients.

Cons

Limited customer support options, with a low satisfaction score indicating potential issues in responsiveness.
No negative balance protection, which means traders could lose more than their initial deposit.
Mixed reviews regarding overall user satisfaction, with some clients expressing dissatisfaction with the broker's services.
How to login to RoboMarkets?
Robomarkets Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Robomarkets Account Registering for a Robomarkets account is the first essential step for anyone wishing to trade on this platform. Below is a detailed guid

Robomarkets Forex Broker - Complete Information Guide

1. Overview of the Broker

Robomarkets, established in 2012, is a multi-asset forex broker headquartered in Limassol, Cyprus. The company operates under the legal entity Robomarkets Ltd, which is a private entity. Robomarkets primarily serves retail and institutional clients across Europe, offering a diverse range of trading services. Since its inception, the broker has focused on providing competitive trading conditions, making it a popular choice among traders.

Over the years, Robomarkets has achieved significant milestones, including obtaining regulatory licenses from the Cyprus Securities and Exchange Commission (CySEC) and the Federal Financial Supervisory Authority (BaFin) in Germany. The company has also garnered numerous awards for its services, solidifying its reputation in the financial industry. As a subsidiary of Roboforex, a well-known broker, Robomarkets benefits from the parent company's extensive experience in the financial markets.

Robomarkets operates on a business model that includes both retail forex trading and institutional services, providing clients with access to a wide range of financial instruments. The broker is recognized for its innovative approach, offering advanced trading platforms and tools to enhance the trading experience.

2. Regulation and Compliance Information

Robomarkets is regulated by several reputable financial authorities, ensuring a high level of security and compliance for its clients. The main regulatory bodies overseeing Robomarkets include:

  • Cyprus Securities and Exchange Commission (CySEC): License number 191/13
  • Federal Financial Supervisory Authority (BaFin): License number 10154068

These regulatory licenses are valid and cover the broker's operations across various jurisdictions. Robomarkets is legally recognized in 29 European countries, providing services in compliance with the Markets in Financial Instruments Directive (MiFID II) of the EU.

Client funds are protected through strict policies, including the segregation of client deposits from the company's operational funds. This ensures that clients' funds are secure and not used for any unauthorized purposes. Robomarkets is also a member of the Investor Compensation Fund (ICF), which provides compensation of up to €20,000 per client in the event of insolvency.

The broker adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, implementing comprehensive measures to verify the identity of clients and monitor transactions for suspicious activities.

3. Trading Products and Services

Robomarkets offers a wide range of trading products across various asset classes, making it a versatile broker for different types of traders. The available products include:

  • Forex: Over 36 currency pairs, including major, minor, and exotic pairs.
  • CFDs: A comprehensive selection of instruments, including:
  • Indices: Major global indices such as the S&P 500, NASDAQ, and DAX.
  • Commodities: Metals like gold and silver, as well as energy products such as oil and natural gas.
  • Stocks: Access to more than 12,000 stock CFDs from various international exchanges.
  • Cryptocurrencies: Trading options for popular cryptocurrencies, including Bitcoin and Ethereum.
  • ETFs: A range of over 1,000 ETFs available for trading.

Robomarkets continuously updates its product offerings, ensuring that traders have access to the latest financial instruments. The broker provides retail trading services, catering to individual traders, as well as institutional services for larger clients. Additionally, Robomarkets offers white-label solutions and asset management services for professional clients.

4. Trading Platforms and Technology

Robomarkets supports several advanced trading platforms to accommodate the diverse needs of its clients. The main platforms offered include:

  • MetaTrader 4 (MT4): A widely recognized platform known for its robust features and extensive trading tools, ideal for forex trading and algorithmic trading.
  • MetaTrader 5 (MT5): The successor to MT4, offering enhanced functionality, including more analytical tools and the ability to trade multiple asset classes from a single platform.
  • R Stockstrader: A proprietary web-based trading platform designed for stock trading, providing access to a vast array of global markets and advanced charting tools.
  • R Webtrader: A user-friendly web-based platform that allows traders to access their accounts without the need for software installation.
  • R Mobile Trader: Mobile applications available for iOS and Android devices, enabling traders to manage their accounts and execute trades on the go.

Robomarkets employs an ECN (Electronic Communication Network) execution model, ensuring fast order execution and transparent pricing. The broker's servers are strategically located to facilitate efficient trading, and clients can benefit from API access for automated trading solutions.

5. Account Types and Trading Conditions

Robomarkets offers a variety of account types to cater to different trading styles and preferences. The available accounts include:

  • Pro Account: Suitable for experienced traders, offering competitive spreads and commission-free trading.
  • ECN Account: Designed for professional traders, providing direct market access with low spreads and commissions.
  • Prime Account: Tailored for traders seeking premium conditions, featuring the lowest spreads and commissions.
  • Procent Account: Ideal for beginners, allowing trading with micro-lots and low minimum deposit requirements.
  • R Stockstrader Account: Focused on stock trading, providing access to a wide range of equities.

The minimum deposit for all account types is $100, which is competitive compared to other brokers. Robomarkets offers leverage up to 1:30 for retail clients, with higher leverage available for professional clients. The broker also provides a demo account option, allowing traders to practice without risking real funds.

Traders can start with a minimum trade size of 0.01 lots, and the broker does not impose overnight fees on certain account types, making it an attractive option for various trading strategies.

6. Fund Management

Robomarkets provides a range of deposit and withdrawal options to facilitate smooth fund management for its clients. The supported deposit methods include:

  • Bank Transfers
  • Credit/Debit Cards (Visa, Mastercard)
  • E-Wallets (Skrill, Neteller, PayPal)

The minimum deposit requirement is $100 for all account types, and deposits are processed instantly without any fees. For withdrawals, clients can receive funds through the same methods, with a minimum withdrawal amount of $1. Robomarkets allows two commission-free withdrawals per month, enhancing its appeal for traders.

Withdrawal processing times typically range from one minute to one day, depending on the method used. While there are no internal processing fees, third-party fees may apply based on the chosen payment system.

7. Customer Support and Educational Resources

Robomarkets offers comprehensive customer support available 24/7 through various channels, including:

  • Phone Support
  • Email Support
  • Live Chat
  • Social Media Platforms

The broker provides multilingual support, accommodating clients from different regions. Additionally, Robomarkets offers a range of educational resources, including webinars, video tutorials, and trading guides to help traders improve their skills and knowledge.

The Robomarkets Analytics Center provides valuable market analysis, technical indicators, and economic calendars, making it an ideal resource for traders looking to enhance their trading strategies. The educational materials are accessible through the broker's website and YouTube channel, ensuring that clients can easily find the information they need.

8. Geographic Coverage and Restrictions

Robomarkets primarily serves clients in European countries, including the Czech Republic, Germany, Slovakia, and Spain. The broker has established offices in Cyprus and Germany, ensuring a strong presence in the region. However, Robomarkets does not accept clients from certain countries, including the United States and the Russian Federation, due to regulatory restrictions.

In summary, Robomarkets is a well-regulated broker offering a diverse range of trading instruments and account types. With its strong commitment to client security, competitive trading conditions, and advanced trading platforms, Robomarkets is well-positioned to serve both novice and experienced traders in the financial markets.

RoboMarkets Similar Brokers

APC
APC Forex Broker - Complete Information Guide   1. Broker Overview   APC, offici
1.39
Score
RS
RS Forex Broker - Complete Information Guide   1. Overview of the Broker   RS Fi
1.39
Score
GlobalFx Trading Hub
GlobalFX Trading Hub Forex Broker - Complete Information Guide   1. Broker Overv
1.39
Score
1.40
Score
Excelmarkettrade
ExcelMarketTrade Forex Broker - Complete Information Guide   1. Broker Overview
1.41
Score
1.40
Score
1.41
Score
1.41
Score
Swisstrade Pro
Swisstrade Pro Forex Broker - Comprehensive Information Guide   1. Broker Overvi
1.41
Score
1.41
Score
1.41
Score
Unverified
Alpha Exchange International
1.41
Score
1.41
Score
1.41
Score
1.41
Score
1.41
Score
Novobrokers
Novobrokers Forex Broker - Comprehensive Information Guide   1. Broker Overview
1.41
Score
1.41
Score
BNYT
Bnyt Forex Broker - Complete Information Guide   1. Overview of the Broker   Bny
1.41
Score
1.40
Score
Topsperity Securities
Topsperity Securities Forex Broker - Complete Information Guide   1. Broker Over
1.41
Score
1.40
Score
1.41
Score
1.41
Score
1.41
Score
1.41
Score
Tamam Brokerage Services
Tamam Brokerage Services Forex Broker - Complete Information Guide   1. Overview
1.41
Score

Latest Reviews

Judy88

Judy88

Nigeria

I've been using RoboMarkets for my long-term investments, and I appreciate the range of assets and low fees. The ability to access over 12,000 stocks and the minimal deposit requirement make it a convenient platform for building a diversified portfolio. The R StocksTrader platform is particularly useful for tracking and managing long-term investments.

Positive

2024-08-14

RoboMarkets Forex Broker has an overall rating of 1.39, Regulatory Index 3.92, License Index 0.00, Business Index 6.08, Software Index 4.00 Risk Control Index 0.00.
RoboMarkets