Roboforex which was founded in the year 2009 refers to a global online financial trading platform as well as multi asset broker. This best forex broker has experience offering more than 100 tradable assets, including CFDs trading as well as Forex trading. It comes with features such as API Trading, Trailing Stops, StopLoss, and TakeProfits Orders. The good thing is that you can use this platform on multiple devices such as iPads, iPhones, Apple Mac and a web browser. In this article, we will look at Roboforex Review including the regulation, account types, instant withdrawals, and trading platforms.
Regulation
Roboforex is regulated and authorized by the IFSC, which is an abbreviation for International Financial Services Commission. This regulation authority is in turn controlled by Ministry of Belize Securities. The benefit of a regulation body is that it gives you possibilities for those who may have problems with Roboforex. In addition, traders will be protected from things such as reimbursement schemes which help you regain the investment of customers in case a top Forex broker becomes insolvent.
Funding methods
Roboforex offers a wide array of funding methods which include but not limited to Skrill, WebMoney, Rapid Transfer, Barclays Bank PLC, FasaPay, Neteller, and BlueOrange Bank.
Withdrawal methods
When it comes to withdrawal of your funds, you can use different withdrawal methods such as Paypal, Skrill, WebMoney, Rapid Transfer, FesaPay, and Neteller. Roboforex is an instant withdrawal Forex broker as the processing time will take one minute to one day.
Leverage
With RoboForex, the maximum leverage you will get is 1:2000 which comes with Pro Standard and Pro Cent accounts. You can also leverage as much as 1:500 which is available with ECN and 1:300 comes with R Trader as well as Prime accounts.
Trading platforms
This best forex broker features a comprehensive suite of MetaTrader 4 and MetaTrader 5 trading platforms, including the R Trader platform as well as cTrader platforms. The MT4 comes with fundamental features which are suitable for both a beginner and advanced trader in addition to basic graphical tools, 3 order execution types and technical analysis. On the other hand, MT5 allows you to maximize on the reliability and speed it offers for the sake of enhanced trading. R Trader allows you to access 9 graphical tools, 13 technical indicators, automated strategy tester, and Level II Market Depth. Finally we have cTrader that allows you to access 9 types of charts, Level II pricing, and 14 timeframes.
Account types
RoboForex has three account types which include the ECN-Pro account, Prime account and Pro-Cent account. The first account we will look at is the ECN-Pro account that offers a better trading environment thanks to raw spreads of 0.0 pips as well as a commission of $20 for every $1M that is traded. Next is the Pro-Cent account which is meant for new traders because the minimum size of transaction is just one-tenth of the conventional minimum. Finally we have Prime account which has a minimum deposit of $5,000 and the commission is reduced to $15 per $1M which is traded.
Instant withdrawal
Why Roboforex is the best forex broker?
Roboforex offers over lots of trading instruments which include ETFs, Indices, Stocks, Energies, Cryptocurrencies, Metals, and Energies. They come with 3 trading platforms which include MT4, MT5, and cTrader. In addition, it has 5 live trading account types and comes with 5 account currencies which include USD, EUR, CNY, GOLD, and RUB. Another reason Roboforex is considered to be the best forex broker is it offers trading tips as well as expert advice to the clients. Also, it has live customer support which is available 24 hours 7 days making it convenient for you.
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