Forex Broker – RoboForex

RoboForex Review

RoboForex is a New Zealand based forex broker with numerous offices around the world. It has been around since 2009 and is becoming better known amongst forex traders. It is best known for its customer support and education features. Make sure your read the RoboForex review below if you want to know if this broker has the credentials you are looking for.

Company Information

Name:
RoboForex
Website:
www.roboforex.com
Founded in:
2009
Headquarters:
Auckland, New Zealand
The Owner:
RoboForex LP
Regulation:
Financial Services Complaints Ltd.
Phone:
+64 9 889 4060
Email:
info@roboforex.com
Minimum Lot Size:
1,000
Maximum Leverage:
1: 500
Minimum Deposit:
$10
Minimum Trade Amount:
$1
Maximum Per Trade:
N/A
Languages Available:
English, Russian, Chinese, Indonesian, Malay, Spanish and Portuguese

Trading Platform

The WebTrader is fully compatible with the MetaTrader 4 trading platform. Take advantage of the following features with the RoboForex WebTrader web terminal: advanced charting and technical analysis, opens and closes instant and market orders, live market news and streaming quotes.

The RoboForex Android Trader is a favorite among traders, and includes many top features: multiple order types, real time chart updates, online news and the generation of activity reports. The Android Trader is an award-winning trading platform that traders should take a more detailed look into.

The MetaTrader 4 trading platform lets traders trade Forex, CFDs and Futures on a great terminal. There are a lot of benefits this platform has, which include simplicity, secure trading, a range of order types, technical analysis, customizable indicators and many more interesting features.

This broker shows they are serious by offering their traders the MetaTrader 5 trading platform. You can trade in many different markets, benefit from automated trading and use over 80 analytical tools. This platform has become a popular choice amongst traders recently.

The Power Trader trading platform is designed for professional traders who want to enhance their trading experience. The platform is based on STP (Straight Through Processing), giving the platform fast access to liquidity providers. The main features of this platform are one-click trading, flexible settings, charts and technical analysis, and a number of order types.

Main Features

There is a high quantity of features this broker offers its clients throughout their trading experience. The customers are spoilt for choice when it comes to the different account types available. These include the Fix-Cent, Fix-Standard, Pro-Cent, Pro-Standard and Pro-ECN.

The Fix-Cent trading platform gives you access to the MetaTrader 4, MetaTrader 5, WebTrader and Andoid Trader trading platforms. The minimum deposit is $10, the spread is as low as 2 pips and you can trade in a swap free trading environment – suitable for Islamic clients.

The Fix-Standard may be opened with an initial deposit of $50, the lowest order amount is $2 and you have instant execution. This is chosen by traders who have minimum trading experience on the financial markets.

The Pro-Cent account is available for traders who deposit $10 and above. Traders enjoy floating spreads form 0.4 pips, instant execution, 1:500 leverage and the minimum order amount is $0.2.

The Pro-Standard account is accessible to traders who deposit at least $50. The features include no trading commissions, floating spreads from 0.2 pips, 1:500 leverage and minimum order volume of 0.01.

The Pro-ECN is a special account which is available with deposits of $300 and up. The minimum order amount is $5, the commission per lot is $3,the spread is for 0 pips, the market execution is less than a second, the leverage is 1:300 and the minimum order volume is 0.01.

Customer Support

There are various ways in which you may contact the customer support team. The Skype and Yahoo chats are interesting, but they are not instant. You may choose from your preferred international support number. We got in contact with the offices in New Zealand and Hong Kong, and received a timely response. In addition, we found the email support to be of a high quality due to the team answering our questions within 30 minutes. Additionally, their support team has many years of experience, increasing trader’s confidence while they trade.

User Friendly

At first glance the RoboForex website looks quite unusual, but once you do your research, you will realize what a user friendly forex broker this really is. There are many education materials which are catered to beginners. These are the Forex Education Video, How to Trade Forex, What is Forex Trading?, Start Forex Trading, Forex Trading Advice and the Forex Glossary.

There are additional trading tools that all types of traders can use whenever they want: Forex Calendar, Forex Analysis & Forecasts, Free Forex Charts, Forex Calculator and Economic Indicators. The deposits and withdrawals are known to be timely, and you can contact the support team for any questions with regards to these procedures.

Ultimate Overview

We are of the view that the only feature missing for RoboForex is a cutting edge website design. There is a good choice of trading accounts, which is a big positive for all different types of traders. The trading platform choice is also worth noting. The education materials may be used by traders of all levels during their trading experience with this broker. If you are a serious forex trader who wants to trade with a broker who has a vast range of resources, you will want to pay a visit to RoboForex.com.