It is designed for new traders, as it requires less funds for opening a position. This is a RoboForex account for professional traders. In the section about commissions we have established that the commissions on it are on average lower than on the Standard account. This type of the account is for professional traders, interested in very narrow spreads and instant execution of the orders.
As we already specified, ECN Electronic Communication Network is an international network that allows traders to perform trades factually without the intermediaries. We also established that RoboForex conditions for ECN are loyal and better than those of competitors. This is a unique type of RoboForex account designed for traders planning to work on all financial markets of the world. It is distinguished by lowest commissions and availability of 12, trading instruments.
Also specialized R Trader platform for automated trading must be highlighted. It features a built-in option titled Trading Strategy Builder, which allows to create and test a trading bot using historical data without special programming skills. The builder is a unique feature of RoboForex.
When using a demo account, you are not required to make a real deposit on your RoboForex account. ECN is notable for increased reliability, while R Trader has the lowest commissions, specialized terminal for trading automation and 12, trading instruments.
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RoboForex offers several options for base currency of the account and deposit and withdrawal of funds using several dozen payment systems. The main drawback is that there is no perfect method for withdrawal. There are either amount restrictions per withdrawal or a withdrawal fee. RoboForex offers several base currencies for the accounts, which is very convenient, if you are trading assets in different currencies.
As we can see, currency accounts on RoboForex are not as diverse as on Exness , although better than on Forex4You. Noteworthy, a larger number of base currencies means lower costs of conversion. You can deposit money via your profile after opening an account. Withdrawal from RoboForex is not instant. Processing of the request may take up to two business days.
Such slowness in processing requests is not a strong point of the broker. In the section about commissions, we noted that not all methods of withdrawal from RoboForex are commission-free. Below are print screens with exhaustive information, where not only the withdrawal fees from RoboForex are specified, but also amount restrictions per transaction as well as timeframes. All data below are specified for the users from Russia. RoboForex offers its clients a possibility to use different platforms. There are MetaTrader 4 and MetaTrader 5, the classic forex platforms all brokers offer, while there are also CTrader and R Trader, proprietary RoboForex platforms with options of simplified construction of your own trading robots.
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The interface is user-friendly and easy to understand even during learning, which makes it extremely popular among new traders. RoboForex officially offers different versions of MT4 platform, available for Android, iOS, browser, and also desktop version. The platform offers 50 indicators for simplified technical analysis.
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The main instruments of graphical analysis are built into the platform. This is an upgraded and improved version of MT4. The platform features advanced technologies of distributed computing and high-speed order execution. It is suitable both for the classic trading and for creation of advanced trading robots and non-standard strategy testing. For convenience and trading without being tied to a specific place, you can use mobile, desktop or browser version of the trading platform.
RoboForex offers different version of the platform suitable for all devices. This is a more advanced proprietary platform offered to the holders of ECN and Pro-Standard accounts. It offers a set of instruments that supplements the typical features of MT4 platform.
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As you will see, the windows for development of trading strategies, their testing and optimization are conveniently placed in one section. For this, you will be redirected to a special web-page. The system shows colossal ROI. It is not possible to check whether the data is true, as that would require at least a month. The most profitable algorithmic fund in the U. The mobile version provided by RoboForex officially supports 22 languages and features a notification system inside the application. The broker also has a browser version of the platform at ct.
The platform is provided for the traders, who open the namesake trading account. We tested the possibilities of R Trader and would like to say that although it is positioned as a platform for professional traders, you can only construct simple strategies on it. Noteworthy, you can view web platform of R Trader even without registration. Very few brokers offer such option. R Trader is suitable for working on all markets and provides a trader with access to over 12, financial instruments directly from the browser.
The interface allows to save personal settings and makes it convenient to work with the platform and algorithms. RoboForex provides dedicated hour support to all those using the Builder. RoboForex provides its customers with a good choice of instruments for obtaining and analyzing market information, including several modern trading platforms with a worthy set of features for chart and statistics analysis as well as news and analytical reviews. In particular, the charts are analyzed using the following methods:. The broker also publishes reviews of main news, although they can hardly be considered analytical.
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The section features high-quality educational and informational content. Naturally, it mainly targets the fans of trading advisors, although there is a lot of other interesting information. The Economic calendar is an efficient tool that contains up-to-date information about upcoming events in the financial industry.
The calendar allows you to choose the countries and currencies that you are monitoring, which is a very useful tool. However, the RoboForex calendar is lacking filters to enable monitoring of specific type of news of high important. Also, there are no forecasts of analysts by events. For example, this function is available on Investing financial portal and others.
RoboForex offers a wide range of rather interesting and diverse learning materials and a demo account for all types of trading accounts for practice. The calendar of webinars is available on RoboForex website in the Webinars and seminars section. Past events are available in the Webinar Archive.
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The broker regularly holds a free educational course for beginners. There are also lectures dedicated to money management and trading psychology, which is often a weak spot even for the experienced traders. RoboForex customer support operates quite efficiently. You can contact the broker by phone, email, chat.
The support is provided in 11 languages. The multi-language support on RoboForex is available in 13 languages. Phones are the main channel of communication. Below are the contact numbers for different languages. It is also possible to contact customer support using the Tickets in your account or order a call back in the Contacts section on the website. We tried to confuse the customer support with a tricky question regarding the settings of the trading robot.
The operator was unable to answer, but quickly found a consultant who helped resolve our issue. The broker offers a large number of permanent and temporary bonus programs. It is one of the leaders of our rating by their diversity. The client can withdraw not the bonus amount, but the earned income. The offer is available for traders, working on Pro-Standard and Pro-Cent accounts. The bonus helps increase the volume traded, although only your own funds earned from trading are available for withdrawal. RoboForex is notable primarily for its technological savviness and suite of solutions for trading strategy automation.
The broker has designed a special software product for algorithmic traders with attractive trading conditions, and a range of educational and analytical services. R Trader account for building bots offers the widest choice of instruments — 12, Availability of ECN account with acceptable level of commissions is another advantage of the broker. At the same time, we cannot fail to point to a small number of trading instruments on all standard accounts.
At that, the trading conditions in the base offers are considered average.