RoboMarkets Review

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RoboMarkets is an award-winning retail broker that provides you with several competitive trading conditions, such as low spreads from just 0.0 pips, zero commission fees, fast order execution from 0.1 milliseconds, multiple account options, and much more which I will cover in this review. They have a great selection of over 12,000 trading instruments across different asset classes, including forex, stocks, indices, ETFs, commodities, metals, and energies. You can trade manually or use automated systems in the ever popular MetaTrader platforms. The broker also has their very own powerful trading software with multiple features at your disposal. You will find all of the tools you need for conducting detailed market analysis so that you can find trading opportunities and make informed decisions. The minimum deposit required to start trading is just $100 whilst free demo accounts are also available if you want to try them out before making a commitment. I think RoboMarkets can be a great choice for anyone looking to trade online with minimal fuss in a regulated environment.

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 and investing in a huge range of around 12,000 financial instruments across 8 asset classes. Not only do you get access to a great product range and robust platforms, you 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. I like how they offer quite flexible conditions and low spreads with quality execution speeds. I haven’t had any issues with the platform thus far and like being able to access my account seamlessly between different devices. RoboMarkets is the EU subsidiary of leading international multi-asset broker RoboForex.

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Regulation

When I am choosing a trading broker, regulation is one of the first things that I look for. I would always prefer to trade with a regulated broker as they can offer certain protection that an unregulated broker cannot. I am therefore pleased to see that RoboMarkets is regulated by the Cyprus Securities and Exchange Commission (CySEC). I am personally satisfied with this regulation and would have no problem using the broker for my day trading activities. If you are looking for a broker who is regulated in multiple jurisdictions, you may want to consider AvaTrade instead.

Countries

RoboMarkets Ltd provides financial services only to the residents of the EU/EEA countries. If you find that the broker does not accept clients from your country, please feel free to peruse our broker ratings for another option.

Platforms

RoboMarkets provide you with an excellent choice of industry leading trading platforms for web, desktop and mobile devices. You can choose from the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. In addition to the MetaTrader platforms, the broker provides traders with a proprietary trading platform that is known as the R StocksTrader. These platforms’ built-in features include charting tools, market indicators, scripts, expert advisors, advanced risk management tools, real-time market execution, and more.

MetaTrader 4

This is perhaps the most popular platform with retail traders. MetaTrader 4 is a trading terminal that has become a classic among retail investors of the currency market. It includes all the instruments necessary for trading, and a wide range of analytical opportunities. Thanks to a user-friendly interface, MT4 is one of the most frequently downloadable trading platforms. You can send orders to buy or sell financial instruments with just one click. Create, backtest, and run trading robots written in MQL4 programming language. Acquire trading robots and indicators directly in the platform. News and alerts in MT4 will help you keep track of all the events in the financial market.

MetaTrader 4 (MT4) Platforms

MT4 is freely available as desktop applications for Windows and Mac computers and as mobile trading apps for Android and iOS devices. I use the desktop version of the platform for analysing charts with my trading strategy templates and also for running automated systems. The mobile app is perfect for managing my account and following the latest market news from the convenience of my mobile phone. In addition, there is a web version that can run directly on most modern web browsers without needing to install any additional software. This is great if you need to access your account from different devices and the platform is always up to date.

MT4 Features

• Innovative automated trading system that includes Expert Advisors
• Trading signals across several timeframes
• 30+ technical indicators
• Dynamic security system
• Multilingual support/several currencies
• Custom-built programming language, MQL4

MetaTrader 5

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. MetaTrader 5 is without doubt one of the best trading terminals on the market. It is a modern trading platform that is capable of meeting the constantly increasing needs and requirements of traders. It combines advanced technologies of order execution and distributed computations, thereby enabling you to implement your most ambitious trading ideas. The multi-asset MT5 platform offers you a hedging order accounting model, which allows you to open several positions in each instrument, including multidirectional ones.

MetaTrader 5 (MT5) Platform

There is a convenient and reliable online shop, where you will find thousands of expert advisors and technical indicators available to you. In MT5, you can choose between netting and hedging systems. Segregation of orders and transactions and Market Depth are also available to you. In the MQL5 specialized programming environment, you can create, modify, and test trading robots by yourself. If you don’t have the programming skills to do so, you could always hire a freelancer to bring your ideas to life. With only a couple of clicks, you can rent a virtual hosting for 24/7 operation of trading robots and subscriptions for trading signals directly from the MT5 terminal. Whatever your idea of a trading strategy, chances are you can make it a reality in MT5. Just like MT4, it is also available for web, desktop and mobile.

MT5 Features

• 4 types of order execution
• Multi-threading strategy tester
• Historical tick data
• Level II market depth pricing
• 6 types of pending orders
• More technical indicators
• Additional timeframes

R StocksTrader

R StocksTrader is the brokers own 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. R StocksTrader is capable of providing its investors with a variety of features to suit every trader’s needs. From multiple windows, unique watchlists, and a limitless amount of viewing methods suited to every trader. The platform is available in desktop, web, and mobile versions.

R StocksTrader Platform

I like how you can access R StocksTrader platform or app from anywhere to enjoy the fastest financial charts in the industry and advanced technical analysis tools. In R StocksTrader software, you will find all necessary tools to suit your trading needs alongside competitive trading conditions that will help you to exploit the full potential of the platform. You can choose from the netting and hedging position accounting models when opening a new account on R StocksTrader platform.

R StocksTrader Features

• Access to global markets in one single platform
• Minimum deposit of just $100
• Stocks leverage up to 1:20
• Great selection of 3,000 stocks and 8,000 CFDs to choose from
• Level II market depth and time & sales data
• Research and analyse market conditions to the last detail
• Create customised watchlists
• Trade directly from your charts
• One-click trading
• Free automated strategy builder

RoboMarkets Terminals

R WebTrader and R MobileTrader are RoboMarkets’ proprietary web terminal and mobile application. By means of these products, you are able to use any mobile device to trade on your MT4 accounts with comfort from anywhere in the world. You can keep track of all that is happening on the market with the help of reviews and analytics in your WebTrader terminal. R MobileTrader is your handy, mobile “workstation”. This versatile app enables you to trade from your smartphone or tablet, quickly deposit funds to your accounts, efficiently analyse the market; and get answers to your questions through RoboMarkets Live Support.

R WebTrader

RoboMarkets Terminals Features

• 13 indicators
• 9 tools for graphic analysis
• Convenient account managementAccess to analytics and news
• Fast account depositing
• Instant switching between accounts
• Compatible with any devices
• Supports all types of MT4 accounts
• Online monitoring of quotes without delays
• Functional chart control panel
• One-Click Trading
• Access to trading history and positions opened in MetaTrader 4

Tools

I feel like the platforms should have more than enough built-in tools to meet the needs of even the most demanding of traders. There are so many different indicators that you can choose from to build trading strategy templates as complex or simplistic as you need them to be. This is not to mention the marketplaces where you can find loads more tools to improve the platforms and the programming interfaces where you can develop your own. There really is something for everyone, regardless of your trading styles.

I also like how the broker provides you with various helpful trading tools to help get the best out of your 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.

MetaTrader Market

The MetaTrader market is a unique marketplace which you can access from in your MetaTrader terminal. From there, you can acquire lots of free and paid trading tools to enhance the platforms capabilities even further. The MetaTrader market features free demo versions of all the products, so you can test any application before buying. Moreover, the market offers a variety of software free of charge. You will find trading signals, trading robots, indicators, scripts and many other tools to improve your trading strategies.

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. To be honest, I feel this is an area which there is some room for improvement. I don’t think there is enough educational content for the absolute beginner. If you are new to trading online and looking for as much guidance as possible, IronFX have a fantastic selection of educational material to bring you up to speed.

Markets

RoboForex clients can pick up desired instruments from a wide range of trading assets. The R StocksTrader platform and stocks trading app has a very impressive selection of over 12,000 Stocks, CFDs on stocks, CFDs on Indices, CFDs on ETFs, CFDs on Cryptocurrencies and CFDs on Forex to trade and invest in. There is something for everyone, regardless of your interest you should be able to create a diversified portfolio according to your own financial goals. One of the main advantages of trading CFDs is that you can speculate on prices without needing to physically own the underlying asset. The difference in price from when you open and close the position, is your profit or loss minus any broker fees.

Forex

The Forex currency market has a daily turnover of over 5 trillion USD, and is open 24/5. It is the largest and most liquid financial marketplace in the world. You can trade forex on a great range of minor, major and exotic currency pairs.

Stocks

Buy securities of the largest American companies, or trade CFDs on stocks of enterprises in the United Kingdom, Germany, the USA, and Switzerland.

Indices

Indices show changes in the value of groups of stocks. The famous Dow Jones index combines the 30 largest American companies and indicates the general state of the US economy. Trading indices can allow you to diversify your investment portfolio and explore your opportunities on the stock market.

ETFs

An exchange-traded fund (ETF) is an asset pool comprising stocks, bonds, gold, etc. It is traded as a single stock. This instrument allows you to invest in global stock markets with minimum expenses.

Commodities

Commodities such as coffee, sugar, cotton, and others have been in high demand in trading for several thousands of years, and are still very popular. Trade popular ETFs on agricultural products through the multi-asset R Trader platform at RoboMarkets.

Metals

Metals are key elements of the global financial system. Investments in gold and silver may help protect your assets from inflation. RoboMarkets offers you more than 20 instruments for trading ETFs on aluminium, iridium, copper, nickel, platinum, and other metals.

Energies

You can invest in heating oil, natural gas, ethanol, and oil; as well as trade ETFs and CFDs on popular energies. This market has been very popular for many years, and it is still attracting a lot of new investors.

Cryptocurrencies

You can trade CFDs on Cryptocurrencies: Bitcoin, Ethereum and other digital currencies with RoboMarkets.

Fractional Shares

A fractional share is a proprietary right to a percentage of equity in the Issuer, but this is not a whole share. The company offers investments in fractional shares. Fractional shares allow you to purchase proprietary rights on stocks based on the number of funds you are prepared to invest in a specific Issuer. The company records the number of fractional shares down to two decimal places.

Accounts

The broker offers several types of trading accounts based on the MetaTrader 4, MetaTrader 5, and R StocksTrader platforms, so that you can choose the one that is the most suitable for you. The minimum deposit required to start trading is just $100 which is more or less around the industry standard. This allows you to get access to the global financial markets on competitive conditions, including floating spreads from as low as 0.0 pips. Demo accounts are available for practice purposes.

Prime Account

Prime accounts include best trading conditions available at RoboMarkets (similar to liquidity providers), which are intended for the experienced trader.

ECN Account

The main distinctive features of ECN accounts are very low spreads, these accounts are intended for professional traders, who prefer advanced trading conditions and may be using scalping strategies.

R StocksTrader Account

This is a unique account for trading through multi-asset web platform R StocksTrader for experienced traders, who want access all major financial market from a single account. R StocksTrader is a new generation platform, which combines classic design, easiness-to-use, advanced technologies, and access to largest global financial markets.

ProCent Account

On this account type as the base currency is using cents (EU Cent, US Cent, etc.), it allows traders to test new trading strategies with small deposits.

Pro Account

The most demanded account type at RoboMarkets, which is suitable for traders with different experience on the currency market.

Professional Account

To become a professional client, you must have the relevant experience, knowledge and competence required to independently make investment decisions and to accurately evaluate the risks involved. Whilst you may get some benefits for being considered a professional client, it is important to be aware that you may lose certain protections.

RoboAdvising

RoboMarkets provides a free-of-charge RoboAdvising service which is an automatically selected stocks portfolio based on your investment profile, your financial situation, and your attitude towards risks. Of course, you should do your own due diligence and are responsible for your own decision making.

Demo Account

Before using a real account, you can test your skills on a demo account to acquire experience necessary for trading. This will help you learn the basic instruments and terminal, and test trading strategies without the risk of loosing any funds because all trading operations are performed with virtual funds. When trading through the MT4 and MT5 platforms, you have the option to choose from Demo ECN or Demo Pro. Another option for beginners is an additional real ProCent account. Accounts of this type can be opened in the MT4 and MT5 platforms.

Support

RoboMarkets offers a 24/7 client support team that are polite and prompt in response. The support team can be reached through telephone, email, live chat, and social media. The multilingual specialists of our live support are ready to answer your questions at any time. You can also contact the company’s staff through the online chat or the ticket system in your members area. They are one of a few brokers that actually provide 24/7 customer support which I think is a great advantage when you consider they offer markets that are open during the weekends.

Funding

I was pleased to see that RoboMarkets has a nice variety of funding options. You can deposit and withdraw funds to and from your trading accounts using any of the following payment methods: bank transfers, credit/debit cards, and online payment gateways. I especially like the digital wallet options as I find this to be the quickest and easiest way to move funds between my trading accounts. I wouldn’t want to be waiting around days for a bank transfer to clear if there is some market news that I am trying to capitalise on. I like how you can deposit into your accounts with no additional costs, and withdraw funds without commission during the days of the “Free Funds Withdrawal” promotion. For RoboMarkets clients, the commission for depositing funds into their accounts via any depositing method is always 0%. You can withdraw funds from your account twice a month with no commissions which is great. Just make sure you check to see if the payment processor you are using will charge any fees. They dont currently support crypto funding, but Hugo’s Way do if that is something that you are looking for.

Conclusion

Overall, there is a lot of aspects of this broker that really impressed me. I like how they have a great selection of financial instruments to trade online via excellent platforms that are packed with plenty of tools for conducting complex market analysis. The trading conditions are very competitive, with tight spreads, low fees and reliable execution speeds. There are various trading account options to choose from with a minimum deposit of just $100 and lots of convenient payment methods are supported. I do think they are lacking in terms of educational content but then there is always the demo account if you want to get a feel for trading online before making any financial commitment.

$100

RoboMarkets is a multi-asset broker offering 8 asset types and more than 12,000 instruments for trading. Apart from this, clients get access to professional trading platforms and cutting-edge proprietary technologies. RoboMarkets multilingual customer support works 24/7 and is ready to serve you at any time.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

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