RoboMarkets Review
Rana Adnan | March 25, 2022
Table of Contents
With its head office in Limassol, Cyprus, RoboMarkets is an award-winning retail broker that provides traders with several competitive trading conditions, such as low spreads from 0.0 pips, zero commissions, fast order execution from 0.1 milliseconds, multiple account options, and more. They offer over 12,000 trading instruments across different asset classes, including forex, stocks, indices, ETFs, commodities, metals, and energies. The minimum deposit required to start trading is $100.
Broker Pros / Cons
- Advanced trading platforms
- Over 12,000 financial markets
- Regulated brokerage firm
- Various essential trading tools
- Educational resources
- $100 minimum deposit
- No USA clients
Summary
Founded in 2012, RoboMarkets is an online financial services broker that provides institutional and retail clients access to professional trading platforms and cutting-edge proprietary technologies. The broker is licensed in Cyprus and offers seamless trading of over 12,000 financial instruments across various asset classes. Their clients are provided with educational resources, useful trading tools, and a reliable client support team. Over the years, RoboMarkets has bagged several industry awards in honour of its reputable brokerage services. These industry awards include the Most Trusted Broker 2021, Best MT5 Broker 2021, Best Value Broker 2021, and more.
RoboMarkets Awards and Recognitions
Regulation
RoboMarkets Ltd (ex. RoboForex (CY) Ltd) is a European broker that is regulated by the Cyprus Securities and Exchange Commission (CySEC) with license No.: 191/13.
RoboMarkets Ltd provides financial services only to the residents of the EU/EEA countries.
Platforms
RoboMarkets provides traders with the MT4 and MT5 trading platforms. While the MT4 was launched in 2005 with an avalanche of helpful trading tools, the MT5 came later in 2010 with even more advanced trading features and functionalities. These platforms’ built-in features include charting tools, market indicators, scripts, expert advisors, advanced risk management tools, real-time market execution, and more. The MT4 and MT5 trading platforms are available as desktop applications for Windows and Mac computers and mobile apps for Android and iOS devices. In addition, there is a web version that can run directly on most modern web browsers — Chrome, Safari, Firefox, and Edge — without needing to install any additional software.
In addition to the MT4 and MT5 trading platforms, the broker provides traders with a proprietary trading platform that is known as the R StocksTrade. The platform is a brand-new trading platform that functions as a powerful stock trading software. It is built with various advanced charting capabilities, over 12,000 instruments, building automated strategies, and much more. It offers access to global markets in one single terminal. The platform is available in desktop, web, and mobile versions.
RoboMarkets Trading Platform
Tools
Traders are provided with various helpful trading tools to help traders get the best out of their traders. These trading tools include Currency Analysis & Forecasts, RoboMarkets Analytics Centre, R StocksTrader Strategy Builder, Trading Calculator, Financial Charts, a Pivot calculator, Fibonacci calculator, and an Economic Calendar that shows the schedule of future market events and their expected impacts on the financial markets.
Education
There are some learning resources on the broker’s website to help traders make informed trading decisions. These educational resources include learning articles, trading guides, tutorial videos, and an FAQ section that answers some of the traders’ common questions.
Markets
The broker offers over 12,000 trading instruments across various asset classes, including forex, stocks, indices, ETFs, commodities, metals, energies.
Accounts
The broker offers the following trading account options: Prime, ECN, R Stocks Trader, ProCent, and Pro accounts. The minimum deposit required to start trading is $100. A demo account is available for practice purposes.
RoboMarkets Account Types
Support
RoboMarkets offers a 24/7 client support team that are polite and prompt in response. The support team can be reached through telephone, Fridays) and can be reached through telephone, email, Live Chat, and social media.
Funding
The broker allows traders to deposit and withdraw funds to and from their trading accounts using any of the following payment methods: bank transfers, credit/debit cards, and online payment gateways, such as Neteller and Skrill.
Signup
To open an account, click on the “Open an Account” button at the top right corner of the broker’s website, fill in your relevant personal information, and submit.
Compare
| Broker Features | AvaTrade | IG | IC Markets | |
|---|---|---|---|---|
| Founded | 2006 | 1974 | 2007 | |
| Regulated | ASIC, BVI, CBI, FFAJ, JFSA, FSCA, IIROC, ADGM FRSA | FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF | ASIC, CySEC, FSA, SCB | |
| Country | Australia, Ireland, South Africa, Japan, British Virgin Islands | Australia, UK, USA, Switzerland, UAE, Singapore, Japan | Australia, Seychelles, Bahamas, Cyprus | |
| Min. Deposit | Min $250 Deposit | Min $100 Deposit | Min $200 Deposit | |
| Commission | From $0 | From $0 | From $0 | |
| Spreads | Fixed | Variable | Variable | |
| Leverage | 1:400 | 1:200 | 1:500 | |
| Instruments | Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFs | Forex, Commodities, Stocks, Shares, Indices, Cryptocurrencies, Metals, Energies, Options, Bonds, ETFs, CFDs | Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs | |
| Platforms | MetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade, Web, Mobile | MetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API, Web, Mobile | MetaTrader 4, MetaTrader 5, cTrader, Web, Mobile | |
| Type | Market Maker, STP | STP, ECN, DMA | ECN | |
| Funding | Wire Transfer, Credit/Debit Card, Paypal, WebMoney, Neteller, Skrill | Wire Transfer, Credit/Debit Cards, PayPal | Wire Transfer, Credit Card, Debit Card, WebMoney, Neteller, PayPal, Skrill, FasaPay, UnionPay, Qiwi, Bpay, Poli | |
| Visit Broker | Visit Broker | Visit Broker | Visit Broker |
Conclusion
Overall, RoboMarkets is a multi-asset online trading broker that offers online trading of various financial assets using a proprietary trading platform and the popular MT4 and MT5 trading platforms, which are available on desktop, web, and mobile versions. The broker provides traders with educational resources, useful trading tools, and the services of a reliable client support team. There are various live trading account options to choose from with a minimum deposit of $100. The broker is regulated by CySEC.
Min $100 Deposit
RoboMarkets is a multi-asset broker offering 7 asset types and more than 12,000 instruments for trading. All clients receive access to professional trading platforms and cutting-edge proprietary technologies.
About the Author
Rana Adnan
I am an introverted long-distance runner and a Forex trader with more than 7 years of experience. Reminiscences of a stock operator was the first book that changed the whole concept of trading for me.
Review Methodology
For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. You can read more about our review process.
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