Roboforex Review (2024) – Pros and Cons Revealed

In the ever-evolving landscape of online trading, RoboForex has positioned itself as a prominent player. Established in 2009, the brokerage has expanded its reach globally, offering a wide range of trading instruments, including forex, stocks, indices, ETFs, commodities, and cryptocurrencies. As we step into 2024, it's crucial to dissect the platform's offerings, weighing its advantages against its drawbacks. This review aims to provide a comprehensive analysis of RoboForex, covering its trading platforms, account types, fees, customer support, regulation, and more, concluding with a unique identifier for reference.

Trading Platforms and Tools

RoboForex impresses with its diverse range of trading platforms, catering to the preferences of different traders. It offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5), the industry standards for forex and CFD trading. The brokerage also provides cTrader, known for its advanced trading capabilities and intuitive interface. RoboForex's proprietary platform, R Trader, is a notable addition, offering a modern, web-based trading solution with access to global financial markets.

The broker's commitment to technological advancement is evident in its tools and features. Clients benefit from free VPS hosting, facilitating automated trading strategies and enhancing execution speeds. The CopyFX platform stands out, offering an opportunity for traders to copy the trades of more experienced investors, which is particularly appealing for beginners.

Account Types

RoboForex offers a variety of account types, tailored to accommodate different trading styles and experience levels. These include Prime, ECN, R StocksTrader, Pro-Cent, and Pro-Standard accounts. Each account type comes with its own set of conditions, such as spreads, commissions, and minimum deposits, allowing traders to choose the one that best suits their trading strategy and capital availability.

Fees and Spreads

The broker is competitive in terms of fees and spreads. RoboForex offers tight spreads starting from 0 pips on its ECN accounts, with commissions as low as $20 per million traded. The Pro-Standard and Pro-Cent accounts are commission-free, with spreads beginning at 1.3 pips. It's worth noting that overnight swap rates apply, and there might be additional fees for inactivity or withdrawals, which is a common practice in the industry.

Customer Support

RoboForex provides robust customer support. Traders can access support 24/7 through live chat, email, and phone. The broker's website is also a treasure trove of educational resources, including tutorials, webinars, and articles, designed to enhance traders' knowledge and skills. The multilingual support ensures that traders around the globe can receive assistance in their preferred language.

Regulation and Security

Security and regulation are paramount in the trading world. RoboForex is regulated by the International Financial Services Commission (IFSC) of Belize, which might not carry the same weight as regulators like the FCA or CySEC. However, the broker takes several measures to ensure client fund safety, including segregation of funds, participation in a compensation fund, and SSL-encrypted transactions.


  1. Wide Range of Trading Platforms: The choice between MT4, MT5, cTrader, and R Trader caters to all types of traders.

  2. Diverse Trading Instruments: Offers a broad spectrum of trading options across various markets.

  3. Competitive Fees: Attractive for traders looking for low spreads and commissions.

  4. Comprehensive Educational Resources: Beneficial for both new and experienced traders.


  1. Regulation: The IFSC is considered a less stringent regulator, which may concern some traders.

  2. Withdrawal and Inactivity Fees: Additional costs that traders need to be aware of.


RoboForex presents a compelling option for traders in 2024, with its broad selection of trading platforms, diverse market access, and competitive pricing structure. While the brokerage's regulation by the IFSC may raise eyebrows among the more cautious investors, its commitment to technology, education, and customer support cannot be overlooked. As with any trading platform, it's vital for traders to conduct their own due diligence, considering their trading needs and risk tolerance. RoboForex has certainly made a mark in the online trading community, offering a blend of innovation, variety, and support that appeals to a wide audience of traders.