Roboforex Review, Forex Broker&Trading Markets, Legit or a Scam-WikiFX

The swap rates for leveraged traders are the cheapest I have seen anywhere, and the overall pricing environment for Forex traders is ideal for scalpers and high-frequency traders. I rank the commission-based pricing environment at RoboForex among the best industry-wide. The volume-based cash rebate program lowers the competitive costs further, and there is no inactivity fee at RoboForex. The spreads have an aggregate value exchange rate of 1.4 pips for EUR USD. For US trading alerts, it is at an exchange rate of 1.75, and the pips for commodities like Gold are about 22 pips. Yet, check carefully since some of the methods apply an additional fee for withdrawal, e.g.

In this case, you have to make sure that your strategy is well
suited for the instrument you chose. Besides lots of currency pair,
RoboForex also offers some instruments you would like to trade on, such as
Forex, CFD and Metals for your best choice. Besides lots of currency pair,
RoboForex also offers some instruments you would like to trade on, such as
Forex, Gold & silver and CFD for your best choice.

Roboforex Trading Videos

A currency trading platform is a software interface provided by currency brokers to their customers to give them access as traders in the Forex markets. This may be an online, web-based portal, mobile app, a standalone downloadable program, or any combination of the three. RoboForex have several flexible account types for different trader requirements. The main difference between the account is that some offer lower variable spreads with a commission charge and others offer marked up variable spreads with no commission charge.

• As with the MT4 web platform, you can quickly and easily access it from any device.
• I think it is always best to try a broker out on a demo account at first, just to make sure they have suitable conditions for your style of trading.
• The material does not contain (and should not be construed as containing) investment advice or an investment recommendation,or, an offer of or solicitation for, a transaction in any financial instrument.
• Fundamental research does not usually generate findings that have immediate applications in a practical level.
• One is to place a hedge by taking the opposite position in the same currency pair, and the second approach is to buy forex options.
• However, the company’s website contains detailed information on its conditions, enabling the analysis on your own.

It also offers negative balance protection to all clients, so traders can never lose more than they have in their trading account. In addition, RoboForex Ltd is an “A” category member of the Hong Kong-based Financial Commission, which provides protection of up to 20,000 EUR per case. The Financial Commission is the most trusted independent self-regulatory organization and external dispute resolution (EDR) body globally.

How to Withdraw Funds from RoboForex for Free?

C-Trader is designed for experienced clients looking for an alternative to MT4/5 and is only available for the ECN and Pro-Standard Accounts. CTrader provides an added level of market analysis and access to full market depth on a fully customisable user interface. Alongside superior order execution with no dealing desk intervention, it provides one of the industry’s most innovative trading experiences. When registering with Roboforex you must check with regulatory body your
Roboforex trading account falls under. Even though you are a resident of the UK for example
your account may fall under regulatory rules outside the jurisdiction of the FCA. Check which company
entity and regulation your Roboforex account is over seen by.

All an investor needs is a Web-enabled smartphone and a trading account with Roboforex. Once you have download the Roboforex trading app, you are ready to begin. Investors can log in to their Roboforex trading account, type in their credit card information and the funds required will be
posted in a number of business days. Investors can also transfer funds into their Roboforex trading accounts from an existing
bank account or send the funds through a wire transfer or online check. You can also trade indices, ETFs, Energies, and Metals with RoboForex. All of them are very popular with this Forex broker, and you get access to some of the most amazing trading platforms in the market.

Trade stocks of leading companies with RoboForex

During such times, it becomes crucial to understand the risks involved in FX trading, and show extra diligence about the rise in online trading scams. In South Africa, criminals are profiting off vulnerable traders by promising them positive returns. In reality, these brokerage platforms are created on fake software that is not connected to real forex exchanges.

The operation is licensed under Cyprus Securities and Exchange Commission (CySEC). RoboForex also bears the Verify My Trade (VMT) certificate, as well as negative balance protection which ensures clients are able to manage portfolios in a safe and competitive trading environment. The minimum deposit for all accounts is $10, except for the R StocksTrader, at $100, and Prime also at $100. The educational platform combines in-house content and videos from Claws & Horns. I recommend beginner traders take advantage of the RoboForex blog, where most of the content is available, engaging, and presented properly. It is updated daily, and traders can find plenty of high-quality material.

How to Show Bid and Ask Price on MT4?

Technical analysis indicators such as MACD,RSI, Stochastics, OBV, and Fibonacci are vital for trading. The primary types of chart used by traders on Roboforex are the Candlestick Chart, Line Chart, Point and Figure charts, and Renko Chart. Charts such as these are plotted either on an arithmetic or logarithmic scale and the analyst then goes with either one depending https://traderoom.info/difference-between-information-and-data/ on the information acquired. Apple Macs and MacBooks can easily handle the most important requirements when using the Roboforex trading platform. A Mac can go from cold boot to live trading
using just a couple of mouse clicks and in well under a minute. Therefore, the Roboforex trading platform is very user friendly
and easy to use on a Mac device.

For the international market, the Forex broker is regulated by the Internationa Financial Services Commission of Belize. This is a very well-known regulatory agency, but while it gives the broker the ability to offer services globally, it is not enough for Europe. RoboForex does not accept U.S. clients, so it is not regulated in the U.S. and it lacks oversight from any U.S. financial markets regulator. The broker also uses a secure socket layer (SSL) protocol for its webpage to help ensure privacy, authentication and data integrity. Furthermore, the broker uses email verification and takes up to two working days to verify your documents to confirm the authenticity of your profile.

Roboforex earns revenue to fund their Roboforex platforms and wide range of trading services through market spreads. Roboforex trading videos cover the basics of financial instruments like stocks, Forex, commodities, ETFs and cryptocurrencies. The more trading knowledge you have the better you will be able to mitigate and understand trading risks when using Roboforex to trade live financial markets. Taking advantage of Roboforex trading research tools which are designed to help traders analyse potential investments using the Roboforex trading platform. Some Roboforex research tools include charts, technical analysis, and Roboforex trading indicators.