RoboForex Broker Review 2023

RoboForex is considered as the “safe heaven for retail investors”, since they hold a trust score of “95 out of 99.” Also, you'll be getting access to (more than 80k active users). Read the exclusive RoboForex review now.

Robo Forex

Regulated by IFSC

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In this ever-growing Foreign exchange industry, RoboForex is succeeding as one of the most client-centric brokerages with more than 3 million live trading accounts. 

This enormously renowned brokerage was formed back in 2009 and it's been operating globally since then. The broker was entitled as well as awarded numerous achievements over time. 

RoboForex is located in Belize and regulated by IFSC (International Financial Services Commission) under the license number 000138/210. 

Apart from that, the broker offers MULTIPLE trading instruments ( over 12,000 instruments) including investment platforms, trading platforms, and all the other floating assets.

That's not even it!

The brokerage company has recently partnered up with BMW  Motorsport corp. along with a long-term sponsorship contract with the invincible Muay Thai fighter, Andrei Kulebin who is the current world kickboxing champion.

So, you get the idea, right?

Anyways, the broker offers numerous trading opportunities, a sound global presence, human-centric trading solutions, exciting bonuses and promotions, and much more! We bet you want to find out all of that. 

Therefore, let's dive right in

Broker Details

  • Minimum Trade Size: 0.01
  • Maximum Leverage: 2000:1
  • Minimum to Open Live: $10
  • Established: 2009
  • Address: 2118 Guava Street, Belama Phase 1, Belize City, Belize
  • Contact:, +65 3158 8389
  • Regional offices: Cyprus
  • Prohibited countries: Australia, Austria, Belgium, Bulgaria, Canada, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Japan, Liechtenstein, Lithuania, Luxembourg, Malta, Netharlands Norway,Poland, Portugal, Romania,
  • Trading platforms: MT4, MT5, cTrader,
  • Web Trading: Yes
  • Mobile Trading: Yes
  • Currencies: (30+)
  • Cryptocurrencies: (5+)
  • CFD: (60+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities
  • EAs/Robots: Yes
  • News Spike Trading: Yes
  • Scalping: Yes
  • MAM: No
  • PAMM: No
  • ZuluTrade: No
  • Deposit Methods:

    Bank Wire, VISA, MasterCard, ePayments, FasaPay, Neteller, PaySec, Poli, Skrill, UnionPay

  • Withdrawal Methods:

    Bank Wire, VISA, MasterCard, ePayments, FasaPay, Neteller, PaySec, Poli, Skrill, UnionPay

Trading Conditions

RoboForex preliminarily renders 5 types of trading accounts to the retail market traders. Which goes as follows:

The Prime accounts, ECN accounts, R Trader, Pro-Cent, and last but not least Pro-Standard accounts. Anyways, just so you know these accounts require fewer deposit amounts compared to other brokers like Exness, HotForex, and Tickmill. 

And as per the minimum deposit amount, it is $10 for most of the accounts provided by RoboForex except the R Trader trading accounts which of course requires a minimum deposit amount of $100 to start trading and which is without a doubt quite low. 

For a better overview:


You get the idea, right?

Anyways, here’s the account opening procedure at a glance: 


Moving on, if you're a professional market trader then the ECN and Prime accounts are forged specially for you. The accounts provide zero pips along with multi-asset trading. So, which ones are BEST for beginners or novice traders? 

It's the Pro-Cent and Pro-Standard trading accounts which are ready to go at any time, just give the call. 

Anyways, the primary difference between each account is probably margin and leverage. Also, all the exciting trading bonuses are available only on the Pro trading accounts.

RoboForex also provides Islamic swap-free trading accounts for all Muslim traders across the globe. Not only that, you'll be getting strategic and investment solutions using their digitalized and innovative RAMM platforms for both short-term and long-term trading procedures.

Anyways, here are the spreads of RoboForex which really stands out compared to other foreign exchange brokers.

In addition, the leverage rate of RoboForex differs while judging the account types. 

As a result, the Pro-cent and standard trading accounts offer a 1:2000 leverage rate, on the other hand, the Prime and R trader accounts render a leverage rate of 1:300. As for the ECN accounts, it's 1:5000


RoboForex is not only known worldwide for its safe and secure trading environments, there's more to it than meets the eye!

As they also offer a wide range of market assets to trade on especially they offer 26+ cryptocurrencies which are undoubtedly impeccable compared to other brokers. 

However, you'll be given access to:

Forex: You'll be eligible to trade on more than 40+ currency pairs including the exotic pairs.

Metals: Availability of precious metals including gold, silver, platinum.

Energies: Availability of widely traded energies like oil, ETFs.

Stocks: You'll be able to experience 12,000 global major stocks shares.

Commodities: You'll be able to trade on more than 100 commodities.

Indices: You'll be able to trade on more than 10 indices including the tremendously popular NASDAQ along with Dow Jones (US30).

Besides, to know more about these awesome features provided by RoboForex, you can visit their official website


When it comes to being a regulated brokerage company, RoboForex might sound like a typically regulated broker.

But let us tell you something very specific that RoboForex Ltd is regulated by IFSC (International Financial Services Commission) under the license number 000138/210.

It only gets BETTER!

RoboForex Ltd. is a part of IFSC's compensation fund which means they are obliged to pay at least €20,000 for any sort of legal case taken against them.

Therefore, you get the idea, don't you?


When it comes to trading platforms, RoboForex literally comes top of the list with their wide range of trading platforms which obviously includes:

  • MetaTrader4 
  • MetaTrader5
  • cTrader 
  • R Trader

Let's break it down in a bit

Mobile Trading

RoboForex is now providing mobile trading opportunities to traders across the globe. As for mobile trading, they are rendering access to all of their trading platforms including MT4, MT5, cTrader, and R Trader.

And... it gets even BETTER!

The mobile trading platform is available for both android and ios devices. Apparently, to use the platform, you've to first download it from the google play store or app store and then access it with the Live server of RF.

Moving on, You can experience the whole functionalities of MT4 and MT5's desktop versions in the mobile trading app. 

As for the cTrader, you'll be able to access several tools and basic functions such as pinch to zoom, in-app notification, filing scrolling, and much more! 



The same goes for the R Trader mobile platform as it provides in one solution along with 14+ trading indicators, live charts-quotes, and multi-language( up to 22 languages) support. 


The MT4 trading platform is probably the most flexible and easy-to-use trading platform out there. 

It will give you access to use your personalized EA's, 50+ trading indicators, basic graphic tools, advanced charts, market trends, and much more!

On the other hand, the MT5 is available for all traders and it is known as the next-gen platform through its prominence performance and speed accuracy. 

In the MT5 you'll be getting 4+ order execution, more than 6 types of pending orders, various trading indicators, hedging capabilities, trends, and much more!

Also, RoboForex also renders one of the most innovative and smart trading platforms of the current time "cTrader". 

The platform comes with 54+ trading indicators along with 14+ time frames. The platform is compatible with both mobile and pc.

However, RoboForex also offers a very specific trading platform “R Trader”  that is exclusive to only the users of RF. The platform comes with a classic and user-friendly interface along with action-packed features. 

It offers 13+ inbuilt indicators, 9+ trading graphs, market depth (pt. 2), automated trading, netting-hedging, and much more! Moreover, the platform is available on pc and mobile devices

Bonus & Promotion

For all the Foreign exchange traders out there, RoboForex is currently providing startling trading bonuses which you don't want to miss out on at any cost.

30$ Welcome Bonus: RoboForex is currently providing a 30$ no deposit bonus for all the starters. To be honest, the bonuses are a great way to BOOST and inspire newbies to trade the market.

Profit Share Bonus:


RoboForex also provides a profit share bonus to retail market traders. But the bonuses can only be obtained from the Pro and Pro Cent accounts.


Despite that, the broker also offers a CLASSIC trading bonus which is given judging the first deposited amount by a trader. Just so you know the number can reach up to 120% sometimes

Deposits & Withdrawals

If it ever comes to providing a wide range of transaction methods, RoboForex is no exception. 

The broker offers more than a dozen transaction methods along with the compatibility of 9 different currencies to choose from while making a deposit. 

For making deposits, they permit local and international banks, card payments, cryptocurrencies (for non-EU clients only), electronic wallets, and much more!

Note: RoboForex doesn't allow Paypal therefore you won't be able to deposit with PayPal and the minimum deposit amount is $10.

Moving on, the withdrawal process can be a little bulky sometimes as it can take more than 48 hours on various occasions. But it's not always like that though!

You'll be getting up to 13 transaction methods for placing a withdrawal including cryptocurrencies (non-EU clients only). As per the commissions, it varies between 0.5% to 2.8%.

Note: RoboForex offers a free fund withdrawal program where you'll be able to withdraw money without any commissions but only twice a month.

Customer Support

Reliable customer support is a must-have feature for a brokerage company in order to stay at the top of the race. Bearing that in mind, RoboForex also fabricated a 24/7 superactive customer support protocol.

Email address:

Phone:+65 3158 8389

The customer support of Robo comes with multi-language support (more than 12 languages) including Arabic, English, Indonesian, Spanish, Malaysian, i.e.

Moving on, the physical head office of RoboForex is situated at 2118 Guava Street, Belize City.

Research & Education

Forex education materials are a great way to find your way through this unstable and volatile trading industry. As it can help you to stay up to date with a lot of things. 

RoboForex gets that significance quite well!

As a reason, they have fabricated a committed learning center where you'll find out numerous webinars, blog posts, analysis, trading tips, guide books, video tutorials, and whatnot! 

It is well organized and also made in using a user-friendly perspective. So, the beginners could get a hold of everything that's been going on


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frequently asked questions

All review here

Sort By:

Alfie Berry

96 Buoro Street MOUNT CHARLTON QLD 4741 Finland
2023-07-18 10:18:07
I appreciate about this broker is their range of account types.

One aspect I appreciate about this broker is their range of account types. They cater to both beginner and experienced traders, allowing for a personalized trading experience. The customer service team has been helpful and quick to resolve any issues I've faced. However, I have encountered occasional issues with order execution, resulting in slippage. It would be great if this could be improved upon.

Fjölnir Marinósson

1 Milbrodale Road MCDOUGALLS HILL NSW 2330 Kuwait
2023-07-18 10:17:26
The spreads offered by this broker are incredibly competitive

The spreads offered by this broker are incredibly competitive, which has helped me maximize my trading profits. The platform is stable and rarely experiences downtime, ensuring I can execute trades without any interruptions. However, I've encountered a few instances of requotes during volatile market conditions, which can be frustrating. Despite this, the broker's overall performance is satisfactory.

Steinþór Sigurlaugsson

67 Dora Creek MCLEANS RIDGES NSW 2480 South Africa
2023-07-18 10:16:48
I appreciate the range of trading instruments offered by this broker.

I appreciate the range of trading instruments offered by this broker. It allows me to diversify my portfolio and explore different markets. The educational resources they provide have also been beneficial in enhancing my trading skills. However, I have noticed occasional delays in processing withdrawals, which could be improved. Nevertheless, it's a solid broker that offers good trading conditions.

Valþór Hjörleifsson

79 Austin Road EDITH RIVER NT 0852 Hawaii
2023-07-18 10:16:10
The execution speed is fantastic

I've been trading with this broker for a while now, and I must say, I'm impressed. The platform is user-friendly and packed with useful tools. The execution speed is fantastic, and I've experienced minimal slippage. Their customer support is responsive and helpful whenever I've had inquiries. Overall, a reliable broker that I would recommend to others.

Francis J. Hill

3793 Ella Street San Francisco, CA 94107 St Eustatius
2023-07-17 10:16:58
I am impressed with the competitive pricing and low commissions offered by this broker.

I am impressed with the competitive pricing and low commissions offered by this broker. The availability of different trading platforms is a big plus, allowing me to choose the one that suits my needs best. Nonetheless, I would appreciate more educational materials specifically tailored for beginners.

Gerald R. Hayes

4679 Sycamore Circle West Palm Beach, FL 33401 Morocco
2023-07-17 10:15:58
The platform is user-friendly and packed with advanced tools for technical analysis.

The platform is user-friendly and packed with advanced tools for technical analysis. I appreciate the range of trading accounts available, catering to both beginners and experienced traders. However, I found the customer service response time to be slow at times, which can be frustrating during urgent situations.

Michael J. Martinez

1102 Ritter Avenue New Baltimore, MI 48047 Eritrea
2023-07-17 10:14:31
I have some concerns about the withdrawal process.

I have some concerns about the withdrawal process. It took longer than expected for my funds to reach my account. However, I must acknowledge the broker's comprehensive educational resources. Their webinars and tutorials have been extremely valuable in improving my trading skills.

Stephen C. Frampton

2084 Fairmont Avenue Kirksville, MO 63501 Denmark
2023-07-17 10:13:19
Highly recommended!

This broker offers excellent trading conditions, with tight spreads and fast execution. I've had a positive experience with their customer support, always prompt and helpful. The variety of trading instruments is impressive, allowing me to diversify my portfolio easily.

Mason Nolan

NEW HOUGHTON United Kingdom
2022-05-09 10:40:01
An excellent way to make money.

Robo Forex, in my opinion, is an excellent way to make money by promoting the content they supply on other websites. It's beneficial to be aware of them.

Zachary Lynch

2022-04-25 13:59:32
A suitable broker for forex trading

I've been trading with Ctrader for a year and will never trade with anybody else. It's perfect for my trading style!

Jairo Regterschot

2022-04-19 13:28:55
A profitable broker

Robo Forex provides a desirable amount of profit for partnership. Also, They create broad opportunities for partners to get more benefits.

Sebastian Kates

Saggers Road LAKE KING WA Australia
2022-04-15 12:06:14
Best low spread broker

I was pretty lucky that I found Robo Forex from the very beginning of my journey. It is a perfect place to find a low spread broker, and the best part is there is no rejection. Recently, they offered me an MT5 which I found better than MT4. And I will suggest trying it.