Is Roboforex a legit broker for a beginner trade?

0
30

RoboForex is a top broker for novice traders. This company is a favorite among new traders due to its reliability and ease of trading. RoboForex requires a minimum deposit of $10. Although it is small, it is sufficient to be able to understand the Forex market and the specifics of trading.

RoboForex clients place orders immediately on the international market. The system follows the “A Book” principle and excludes any conflict of interest with the broker.

RoboForex’s innovative liquidity aggregation technology is another competitive advantage. RoboForex allows direct market entry via STP and ECN. The company’s advanced technologies to bring client transactions to international platforms enabled it to achieve outstanding results in order execution speed (90 to 100 ms), with an average value for this parameter of 500 ms elsewhere on the market. RoboForex’s processing speed is generally good.

Advantages

  1. Spreads as low as 0 pips Due to direct access to liquidity providers within ECN systems, brokers can offer these favorable conditions.
  2. Orders executed in the market immediately Orders from traders are immediately sent to the Forex Market. No delays are experienced on the platform or servers of the broker.
  3. Refilling an account or withdrawing money is done at no cost. There are no restrictions regarding withdrawals and withdrawal frequency. Leave a request and we will respond as quickly as possible.
  4. There are no restrictions on trading. Trading restrictions are not enforced. There is no limit to the open trades’ duration, and locking and hedging are allowed. You can also use any number of trading advisors.
  5. One-click trading is possible
  6. You don’t need programming knowledge to create trading advisors.
  7. The industry’s highest leverage (up to 1:2000)
  8. Gap protection is available for negative balance protection

How to Make Profits — A Guide for Traders

RoboForex offers many types of accounts. You can choose from standard options such as EUR, USD, and RUB. However, you also have the option to select a non-standard account, such as gold. Traders can earn not only from trading but also from the changes in gold prices, which is a protected assets as mentioned in the RoboForex Review

You must open an account to start working for RoboForex.

RoboForex offers both MT4 and MT5 platforms, as well as a web browser and mobile versions of C Trader or R Trader.

The broker offers multiple bonus programs to make your start easier. The bonuses that you have earned on your deposit can’t be withdrawn but they can be used to trade. You can also withdraw the bonuses you have already earned.

Investment Education Online

 Experts at the company recommend that you open a demo account to practice your theory. The demo account will allow you to practice trading and then apply theoretical knowledge in real life. You will get valuable experience and the skills necessary to trade on a real account.

Security (Protection of Investors)

IFSC Belize acts as an international financial regulator. The commission has strict standards for its members. Only those companies that comply with the requirements of the regulator and are licensed by it can be a member.

Is roboforex legit conducts financial activities by its regulations and requirements? This provides traders with clearly defined rights, and obligations, and helps them to secure their monetary assets.

Advantages

  • Clear regulations regarding trading operations
  • The relationship between a trader and a broker is governed by this document
  • In the event of a dispute, you can file claims
  • Governs trading NASDAQ stocks and NYSE stocks

Disadvantages

  • Before you can start working with RoboForex, it is important to read a lot of regulations.

There are several withdrawal options and fees

  • RoboForex allows instant withdrawals, without any commission. RoboForex doesn’t charge a commission for any of its services.
  • There are eight electronic payment options available to withdraw in RoboForex. These include WebMoney and Skrill, Neteller. AdvCash, Perfect Money.
  • RoboForex’s back office processes all withdrawal requests immediately. When withdrawing to EPS, it can take up to one day and when withdrawing from bank cards, it can take anywhere from 1-10 days.
  • RoboForex allows you to withdraw funds in the following currencies: USD EUR GBP
  • RoboForex allows withdrawals starting at one cent. This is also available to verified clients.

LEAVE A REPLY

Please enter your comment!
Please enter your name here