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Wanna see if RoboForex is a legit broker? Is it safe to trade? The spread is high or low? How to deposit or withdraw fund?

We provide answers to all the questions in this RoboForex Review.

We checked RoboForex licenses and regulation status, check if RoboForex scam or safe. Compared RoboForex fees like spread & commission from its live account to other 150 brokers. Also the time for deposit & withdrawal and many more findings in this Review.

What is RoboForex

RoboForex is Online Forex and CFD broker, established in 2009.

RoboForex operating two entities one in Cyprus under the regulation of ESMA and CySEC and second subsidiary is offshore based Belize entity.

FXChoice Highlights

๐Ÿ—บ๏ธ Regulated inBelize
๐Ÿ›ก๏ธ Is FXChoice safe to tradeNo
๐Ÿ’ต EUR/USD spread1.1 pip
๐Ÿฆ DepositCredit Card, e-wallets, Cryptocurrency
๐Ÿ’ฐ Minimum depositUS$100
๐Ÿฆ WithdrawalCredit Card, e-wallets, Cryptocurrency
๐Ÿ’ป Trading platformMT4, MT5
๐Ÿ’ณ Trading marketsForex, CFDs on Indices, Metals & Energies, Cryptocurrencies, Shares
๐Ÿ“ˆ Number of product86
๐Ÿ“‰ Live chat responseQuick speed.


License and serious regulations are the keys to tradersโ€™ fund security. There are two factors to be checked, the licenses and how trader is protected if something goes wrong.

Is RoboForex legit

RoboForex is Cyprus and Belize based firm, it is registered according to local laws by Cyprus Securities and Exchange Commission or CySEC and Belize IFSC.  

RoboForex Licenses and Regulatory status

EntityRegistered inRegulatorLicense no.Status
RoboMarkets Ltd CyprusCyprus Securities and Exchange Commission (CySEC)191/13Currently regulated
RoboForex Ltd BelizeInternational Financial Services Commission (IFSC)No. 000138/107, reg. number 128.572Registered no regulations
RoboForex Review โ€“ CySEC License
RoboForex Review โ€“ CySEC License

Is RoboForex safe

We consider RoboForex a safe broker, but only its Cyprus entity. The matter of entity is crucial, Cyprus being a EU country falls under ESMA and CySEC regulations that protects traders, while IFSC subsidiary is not considered serious regulation due to low registration requirements and no overseeing.  

RoboForex Compensation Scheme

EntityCompensation AmountNegative Balance Protection
RoboMarkets Ltd โ‚ฌ20,000Yes
RoboForex Ltd No compensationNo

We recommend registering trading account with RoboForex Cyprus and avoid RoboForex in Belize due to lack of top-tier regulations

RoboForex Cyprus regulations demand to provide negative balance protection, meaning your trades can not go below zero, and Belize has none of protective measures.

Markets and Products

At RoboForex you can invest or trade Forex and CFDs on Indices, Commodities, Metals, Shares and ETFs.

Offered range, however, is different in each RoboForex entity, while Shares and ETFs number is impressive, Cryptocurrencies trading is available only for international clients.


Account types

RoboForex offers 5 Account Types that differ in trading platform, instruments range, lot size, minimum balance and trading cost.

Minimum Deposit10 $/ EUR10 $/ EUR100 $10 $/ EUR10 $/ EUR
Minimum Balanceโ€“โ€“   
Spreads From0 pips0 pips0.01$1.3 pips1.3 pips
Commissions20$ per 1M traded10$ per 1M tradedUS Stocks 0,02 USD per share, CFD on US stocks 0.015 USD per share, CFD on EU stocks 0.07%, Forex 15 USD per 1 million, Indices VariableZero CommissionsZero Commissions


RoboForex Login

Fees and commissions

RoboForex Fees we rank as average and high for some instruments.

The spread we collected for popular instruments from 6 markets and over 150 brokers

ForexEUR/USD0.1-0.91-1.51.6 or higher
IndicesUS 5000.1-0.40.5-1.41.5 or higher
CommoditiesGold0.1-0.40.5-22.1 or higher
StocksTesla0.1-0.50.6-11.1 or higher
ETFsUS Russell 20000.1-0.40.5-1.41.5 or higher
CryptocurrenciesBitcoin0.1-0.5%0.6-0.9%1% or higher


RoboForex trading costs and fees are different in each account type, also RoboForex entity.

We test Pro Account spreads where all fees are built into a spread for easier comparison and fount Forex spreads average compared to the industry benchmarks, Commodities and Shares spreads are high.

MarketsInstrumentsPro Account SpreadOther brokersโ€™ avg spread
IndicesUS S&P5000.870.5-1.4
ETFsUS Russell2000Not available on Pro Account0.5-1.4

Other Fees

RoboForex has low non-trading fees. Deposits and withdrawals are free of charge, but third party fees will be on traders side.

Trading Conditions

RoboForex trading conditions are good. You can deploy any strategy including scalping and hedging.  

Trading ConditionsYes/No
Hedging AllowedYes
Scalping AllowedYes
Change Leverage AllowedYes

Hedging and scalping โ€“ are supported with no limits on keeping positions open.

Expert Advisors (EAs) are available and VPS service is available. Robotic trading is included via RTrader platform.


RoboForex offers leverage ratios up to 1:300 dependant on the account type and instrument you trade for international traders and 1:30 via Cyprus subsidiary.


RoboForex has no deposit fees and offers an impressive range of payment methods.

Deposit options including Bank transfers, local transfers, e-payments, Bank Cards, Cash and Vouchers, etc. Nevertheless, all range is available for international entity only, Cyprus subsidiary mainly offers Bank trasnfers and Card payments.

Deposit MethodFunding TimeFee
Bank PaymentsUp to 5 bank daysFree
Credit CardsWithin 30 minFree
Skrill, NetellerInstantFree
Cash and VouchersFrom 1 minute to 1 dayFree
RoboForex Review โ€“ Deposit and withdrawal โ€“ Deposit
RoboForex Review โ€“ Deposit and withdrawal โ€“ Deposit

Minimum Deposit

The Minimum deposit amount is 100$ for both Classic and Pro Accounts.The Minimum deposit amount is 10$/ EUR for Prime, ECN, Pro or ProCent Accounts. RTrader Account will demand 100$ at the start.  


Similar to deposits RoboForex adds no fees for withdrawals, however not all there are some methods that add on processing fee.

You can use the same methods, and RoboForex process withdrawal maximum in 2 days.

Withdrawal MethodWithdrawal TimeFee
Bank Wireup to 10 business days 0%
Local Bank TransferFrom 1 minute to 1 dayUp to 4%
Credit Card1-10 business days 2.6% + 1.3$
Skrill, NetellerFrom 1 minute to 1 day1%
CryptocurrenciesFrom 1 minute to 1 day1.9%
fasapayFrom 1 minute to 1 day0.5%


RoboForex offers various bonuses including Profit Share Bonus, Cashback, Classic Bonus and deposit bonus in addition to regularly held contests. However, all bonuses are solely available for international clients trading with the Belize entity.

RoboForex Review โ€“ Bonus
RoboForex Review โ€“ Bonus

Trading Platform

RoboForex offers various platforms including popular MT4 and MT5, cTrader and proprietary R Trader.


If you prefer to use MT4 RoboForex is available on various languages and can be accessed by any device including Desktop, Web and Apps for Android and iOS.

RoboForex Review โ€“Platform
RoboForex Review โ€“ Platform

Research and Tools

RoboForex research tools are very good level.

There are good technical tools inbuilt in platforms, plus Strategy builder or R Trader Robot, Various Charts, Analysis and fundamental data.

RoboForex Research tools available on:

  • RoboForex trading platforms
  • Trading tool section on website
  • RoboForex Analytic Center
RoboForex Review โ€“ Research โ€“ Analytics
RoboForex Review โ€“ Research โ€“ Analytics


RoboForex education content is good.

There are tutorials, videos, FAQ section and good analytics designed by RoboForex Analytics center.

From the negative side there is no detailed learning courses or Webinars, also no Fundamental Analysis from industry leaders.


Free Demo account gives access to virtual funds and available for all clients of RoboForex.

At RoboForex you can learn though:

  • Demo account
  • Educational videos and articles
  • RoboForex Analytics
  • RoboForex Blog
RoboForex Review โ€“ Education
RoboForex Review โ€“ Education

Customer Service

Customer service at RoboForex is good, service agents available 24/7 and supporting numerous languages. We also got relevant answers via Live Chat.

RoboForex Customer Support available:

  • Telephone and Call Back
  • Contact Form
  • Email
  • Live Chat
RoboForex Review โ€“ Customer Service
RoboForex Review โ€“ Customer Service

RoboForex Live Chat response is quick speed, agents are helpfull.

Question AskedWe asked about Promotions
Time of ReplyWe connect to Live Chat within minutes.
Quality of ReplyThe answer was informative enough.


RoboForex is considered a safe broker to trade through Cyprus entity. We would stay away from offshore trading via Belize due to lack of regulations.

Overall, RoboForex trading proposal is quite rich and advanced, with a good selection of platforms, trading costs and research materials.

We recommend RoboForex for technical traders and those who prefer cTrader or proprietary platform with Robot trading option, still EAs and copy traders are welcomed via MetaTrader platforms.

Author of this review

By Jimmy O'Brien

Author of this review

Over 15 years experience in forex, commodities and equities markets research. He loves analyzing and trading the markets as a strategist and trader. In late 2019, Jimmy turned to researching and analyzing forex brokers. Now he and his team focus researching and comparing brokerโ€™s pros and cons.

Over 15 years experience in forex, commodities and equities markets research. He loves analyzing and trading the markets as a strategist and trader. In late 2019, Jimmy turned to researching and analyzing forex brokers. Now he and his team focus researching and comparing brokerโ€™s pros and cons.

Join the Conversation


  1. Dear Nikhil,

    Thanks for your interest. Unfortunately, we do not have callback support in Hindi yet, but we’re working on expanding geography and adding new languages for the convenience of our customers.


  2. The execution of orders speed will be the same as the demo account ?

  3. Dear Akshay,

    We’ve made every effort to provide the same trading conditions on a demo account as possible to the conditions on real accounts. At the same time, kindly take into account that the speed of execution of orders depends on many factors, including those that are on the trader’s side and which the company can’t influence. To get timely and detailed answers, please contact our round-the-clock Customer Support Service through the contacts mentioned on the official RoboForex website.


  4. How much money i woulod be needed if choose leverage 1;10 for trading in GOLD pair for the trading i want to take small risk i use instafx and they were terrible in services

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