RoboMarkets Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
Business
License
FSA Offshore Regulated 
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.
Robomarkets has established itself as a significant player in the online trading space since its inception in 2012. With a strong regulatory framework and a diverse range of trading instruments, it appeals to both novice and experienced traders. However, it's essential to note that the broker operates under different entities across regions, which may affect trading conditions and user experience.
Attention: The various entities under which Robomarkets operates can influence the trading experience, and potential users should be aware of these differences for fair and accurate assessments.
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 7.5 |
| Tools and Resources | 8.0 |
| Customer Service and Support | 7.0 |
| Trading Setup (Experience) | 8.5 |
| Trustworthiness | 8.0 |
| User Experience | 7.5 |
Note: Ratings are based on a synthesis of user reviews and expert opinions from various sources.
Our ratings are derived from an analysis of the broker's offerings, user experiences, expert opinions, and comparative assessments against industry standards.
Founded in 2012 and headquartered in Cyprus, Robomarkets is a multi-asset broker regulated by the Cyprus Securities and Exchange Commission (CySEC). The broker provides access to popular trading platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), and its proprietary R Stockstrader. Traders can access a wide range of asset classes, including forex, stocks, indices, commodities, and cryptocurrencies.
Regulated Geographical Areas:
Robomarkets primarily serves clients in the EU and EEA regions. It is crucial to note that clients from certain countries, including the United States, are not accepted. This regulatory framework ensures a level of protection for traders, as the broker adheres to strict EU regulations.
Deposit/Withdrawal Currencies and Cryptocurrencies:
Robomarkets supports multiple base currencies, including USD, EUR, GBP, and CHF. However, it currently does not support cryptocurrency deposits or withdrawals, which may limit options for crypto traders.
Minimum Deposit:
The minimum deposit required to open an account with Robomarkets is $100. This is considered reasonable and accessible for most traders, allowing new entrants to test the waters without a significant financial commitment.
Bonuses/Promotions:
Robomarkets offers various bonuses, including a welcome bonus of up to 120% for new clients. However, it is essential for traders to read the terms and conditions associated with these promotions, as they can vary significantly based on the account type and trading volume.
Available Asset Classes:
Robomarkets provides access to over 12,000 trading instruments across various asset classes, including forex, stocks, indices, commodities, and ETFs. This extensive offering allows traders to diversify their portfolios effectively.
Costs (Spreads, Fees, Commissions):
Robomarkets features competitive spreads starting from 0.0 pips on certain account types, such as the ECN and Prime accounts. However, traders should be aware that spreads can vary based on market conditions and the specific account type. The broker does not charge deposit fees, but withdrawal fees may apply depending on the chosen method.
Leverage:
The leverage offered by Robomarkets is capped at 1:30 for retail clients, adhering to ESMA regulations. Professional clients may qualify for higher leverage ratios, which can amplify both potential gains and risks.
Allowed Trading Platforms:
Robomarkets supports several trading platforms, including MT4, MT5, and its proprietary R Stockstrader. This variety caters to different trading styles and preferences, enhancing user experience.
Restricted Regions:
Robomarkets does not accept clients from several countries, including the United States and certain regions in Asia and Africa. Traders should verify their eligibility before attempting to open an account.
Available Customer Service Languages:
Robomarkets offers customer support in multiple languages, including English, Spanish, German, and Russian. This multilingual support enhances accessibility for traders from diverse backgrounds.
| Category | Score (out of 10) |
|---|---|
| Account Conditions | 7.5 |
| Tools and Resources | 8.0 |
| Customer Service and Support | 7.0 |
| Trading Setup (Experience) | 8.5 |
| Trustworthiness | 8.0 |
| User Experience | 7.5 |
Account Conditions (7.5):
Robomarkets offers several account types, including Pro, ECN, and R Stockstrader accounts. Each account type has distinct features and conditions, catering to various trading preferences. However, users should be cautious as trading conditions can vary significantly across account types.
Tools and Resources (8.0):
The broker provides a robust set of trading tools, including advanced charting capabilities, market analysis tools, and educational resources. The R Stockstrader platform, in particular, offers unique features for stock trading, making it an attractive option for equity traders.
Customer Service and Support (7.0):
While Robomarkets offers 24/7 customer support, some users have reported delays in response times during peak hours. The availability of multiple contact methods, including live chat and email, is a plus, but there is room for improvement in response times.
Trading Setup (Experience) (8.5):
Traders have generally reported positive experiences with Robomarkets, citing fast order execution and a user-friendly interface across its trading platforms. The ability to trade a wide range of instruments and access advanced trading features enhances the overall trading experience.
Trustworthiness (8.0):
Robomarkets is regulated by CySEC, which provides a level of trust for traders. The broker also participates in the Investor Compensation Fund, offering additional protection for client funds. However, the presence of different entities operating under the Robomarkets brand may raise questions about consistency in trading conditions.
User Experience (7.5):
User feedback indicates that while the trading platforms are generally intuitive, some features may require a learning curve, particularly for new traders. The comprehensive educational resources available can help bridge this gap.
In conclusion, Robomarkets presents a solid option for traders seeking a regulated and versatile trading environment. With its competitive trading conditions, extensive asset offerings, and robust trading platforms, it stands out as a commendable choice in the crowded brokerage landscape. However, potential clients should be aware of the regional restrictions and varying account conditions to ensure the best trading experience.
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