One thing that traders who read dozens of RoboForex reviews before signing up notice is that this brokerage firm based in Belize has never been about gimmicks. Since 2009, RoboForex has provided access to over 12,000 tradable assets, including forex, stocks, indexes, ETFs, commodities, metals and crypto, which is a hard-to-beat range among the offshore brokers.
A Platform Suite for All Types Of Trading Styles
Instead of integrating all traders into one single system, RoboForex extends its products to a number of platforms:
· MetaTrader 4 and MetaTrader 5 are the most popular platforms, preferred by traders who use custom indicators and automated Expert Advisors
· The proprietary platform, R StocksTrader, designed specifically for trading stocks, ETFs, and CFDs, offers enhanced Level 2 pricing and backtesting features.
· R WebTrader and R MobileTrader offer browser- and app-based access for those who prefer trading flexibility off the desktop terminal.
The multi-layered approach ensures a happy relationship between a scalper using algorithms on MT5 and an investor developing a stock portfolio on R StocksTrader.
Account Types And Trading Conditions
The company’s trader accounts range from Pro to ProCent, ECN to Prime and R StocksTrader, catering to traders who want to test their trading strategies with small capital and traders who want to make high-frequency trades with tighter spreads.
The minimum deposit requirement is as low as $10, making it even more accessible, while the leverage of up to 1:2000 is attractive to traders who can handle riskier trades.
Different models of execution exist for different accounts, ranging from STP (straight-through processing) to ECN (electronic communication networks) and market-maker accounts, allowing traders to choose the type of fee that best suits their trading style – spread or commission.
Copy Trading Explained: CopyFX
CopyFX is one of the more unique features often mentioned in RoboForex reviews that will facilitate the copy trading application. A more adept trader (Leader) can share their trading strategy with newer investors (Copiers) in the hope of earning commission from subscribers, and the newer investors can copy the strategy without having to go through trades themselves.
CopyFX is compatible with MT4, MT5 and R StocksTrader, and has a clear rating system that allows investors to see the profit history, drawdown and account age before depositing money.
Safety, Security And Access
RoboForex has 24/7 customer service and offers traditional deposit and withdrawal options such as bank transfers, credit cards and e-wallets. Traders should consider the level of regulation in addition to the broker’s track record and the range of instruments when deciding on which broker to trade with, and in this regard, RoboForex is regulated by FSC in Belize.
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