RoboForex Ltd is a brokerage run by RoboForex Group, an international company. From all indications, it seems to be based in the UK, though not clearly stated. The broker says it has been trading since 2009.
The page claims that RoboForex has spreads from 0 pips and executes orders quickly. A leverage of up to 1:2000 is offered. It trades on EUR, USD, CNY, RUB, BTC, ETH, and Gold. There are 8 asset classes offered and an affiliate program of 50% profit sharing.
6 types of accounts are open to clients and they range from a minimum deposit of 10 USD/10 EUR/100 CNY to 5,000 USD. A free demo account is available as well. The website mentions that the broker has 800,000 clients in 169 countries. Also, many awards because of its performances.
RoboForex Trading Platform
The RoboForex Trading Software is stated to use the MT4, MT5, cTrader, R Trader platforms. Most of the accounts however trade on MT4, MT5 and WebTrader platforms. This is a big advantage for clients. Spreads differ depending on the account that is being operated.
36 currency pairs, metals, CFDs, Cryptocurrencies are trading instruments available. Indices, Stocks, ETFs are also used. The spreads differ and depends on the type of account being run.
Deposits and Withdrawal Methods On RoboForex
The page states that there are over 20 deposit options including; Visa, MasterCard, Skrill, Neteller, UnionPay, Bank Wire Transfer and many more.
Deposits are made at 0% commission as RoboForex claims to cover all expenses. Clients are promised compensation for funds withdrawal twice a month. The withdrawals can be as fast as “within a minute for certain payment methods” according to roboforex.com
Minimum deposits have been stated above. No mention is made of withdrawal charges.
Is RoboForex A Licensed Broker
Yes. RoboForex belongs to RoboForex Group as was mentioned in the opening. It is a company regulated by the International Financial Services Commission (IFSC). Their license number is IFSC/60/271/TS.
As a regulated body, misappropriation of funds by this broker will be looked into by the commission.
To contact the customer care agent of this broker, call: +65 3158 8389
RoboForex has a lot going for it. Holding a license from IFSC is a huge advantage and shows your money is safe. The professional way information is given shows that the broker knows the market. The trading platforms it offers and instruments are also good.
The only fishy thing found from our investigation is a negative review on FPA. A Chinese investor claims that he was scammed $400k. However, since this is a licensed broker, such huge sum will surely be looked into by the authorities.
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