RoboForex Review

Active forex and CFD traders

FSC

Founded 2009 · Belize

Why investors choose this broker

Low $10 minimum deposit on most accounts
Spreads from 0.0 pips on ECN and Prime accounts
Over 12,000 instruments via R StocksTrader
Free deposits across all payment methods

Review summary

RoboForex is a multi-asset CFD and forex broker founded in 2009, offering over 12,000 instruments across five account types with a $10 minimum deposit.

Pros

Low $10 minimum deposit on most accounts
Spreads from 0.0 pips on ECN and Prime accounts
Over 12,000 instruments via R StocksTrader
Free deposits across all payment methods
Up to 3 commission-free withdrawals per month
Free VPS hosting for qualifying accounts
Copy trading available via CopyFX
Demo account available on all platforms

Cons

Regulated only by FSC Belize, a tier-3 jurisdiction with limited investor protections
Withdrawal fees apply outside the free monthly allowance
Only USD and EUR base currencies supported
Only 6 cryptocurrency CFDs available
R StocksTrader requires a $100 minimum deposit
Slow withdrawal processing for wire transfers and cards (up to 10 days)

Company background

RoboForex is a financial brokerage firm established in 2009 and headquartered in Belize City, Belize. The company operates as RoboForex Ltd, registered with the Financial Services Commission (FSC) of Belize. RoboForex offers access to over 12,000 trading instruments across eight asset classes, including forex, stocks, ETFs, indices, commodities, metals, energies, and cryptocurrency CFDs. The broker operates a copy trading service called CopyFX and provides 24/7 multilingual customer support.

Fees and pricing

RoboForex offers five account types. Pro and ProCent accounts are commission-free with spreads from 1.3 pips. The ECN account provides spreads from 0.0 pips with a $2 per lot each way commission ($4 round-turn), while the Prime account offers spreads from 0.0 pips with a $1 per lot each way commission ($2 round-turn). The R StocksTrader account has no separate commission; costs are included in a spread markup capped at 0.3% of asset value, with a $100 minimum deposit. All other accounts require a $10 minimum deposit.

Deposits are free across all payment methods. Withdrawals carry fees that vary by method - approximately 2.6% for Visa and approximately 1.5% for SEPA. RoboForex offers up to three commission-free withdrawals per month through its Free Funds Withdrawal program. There is no inactivity fee. Swap fees apply on open positions overnight, with a swap-free option available.

Regulation and safety

RoboForex Ltd is regulated by the FSC of Belize under license number 9759600. The FSC is a tier-3 regulator, offering fewer mandatory protections than bodies such as FCA, CySEC, or ASIC. RoboForex states client funds are held in segregated accounts and that negative balance protection is in place. The broker is a category A member of The Financial Commission, which runs a compensation fund of up to EUR 20,000 per eligible claim. A EUR 2.5 million civil liability insurance policy is also in place.

Platform experience

RoboForex supports MetaTrader 4 and MetaTrader 5 on desktop, web, iOS, and Android, alongside its proprietary R StocksTrader platform available on web, iOS, and Android. R StocksTrader provides access to over 12,000 instruments including real stocks and ETFs and integrates TradingView charts. R WebTrader is offered as an additional browser-based option. A free demo account is available on all platforms. Free VPS hosting is provided to clients meeting minimum equity and trading volume requirements.

Pros and cons

RoboForex's main advantages are its low $10 minimum deposit, tight ECN and Prime account spreads, a large instrument range via R StocksTrader, free deposits, a monthly free withdrawal allowance, copy trading via CopyFX, and free VPS hosting for qualifying clients. The main drawbacks are sole regulation by the tier-3 FSC Belize, withdrawal fees outside the monthly allowance, restrictions in many major markets including the US and EU, a limited six-instrument crypto range, and a higher $100 minimum deposit for R StocksTrader.

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Trading fees & commissions

Deposits are free across all methods. Standard Pro and ProCent accounts are commission-free with spreads from 1.3 pips; ECN and Prime accounts offer spreads from 0.0 pips with commissions of $2 or $1 per lot each way respectively.

Fees

Item	Fee
Cfds	Spreads vary by instrument; commission structure mirrors the account type
Crypto	Available as CFDs on Pro, ProCent and ECN accounts; spreads vary by instrument
Margin	Overnight swap fees apply; swap-free option available across accounts
Account	No account opening or management fee
Deposit	Free across all payment methods
Inactivity	No inactivity fee
Withdrawal	Varies by method; up to 3 commission-free withdrawals per month via the Free Funds Withdrawal program; otherwise fees apply (e.g. Visa: approx. 2.6%, SEPA: approx. 1.5%)

Trading platform & features

Platforms

MetaTrader 4
MetaTrader 5
R StocksTrader
R WebTrader
iOS app
Android app

Regulation and investor protection

RoboForex Ltd is regulated by the Financial Services Commission (FSC) of Belize under license number 9759600. The company is also a member of The Financial Commission, which provides a compensation fund of up to EUR 20,000 per case.

Broker FAQs

Is RoboForex safe?

RoboForex Ltd is regulated by the Financial Services Commission (FSC) of Belize. The broker states that client funds are held in segregated accounts and that negative balance protection is in place. RoboForex is also a member of The Financial Commission compensation fund, which provides up to EUR 20,000 per eligible claim.

Is RoboForex a scam?

No. RoboForex Ltd is a licensed broker regulated by the FSC of Belize and has been operating since 2009. However, it is regulated by a tier-3 jurisdiction, which offers fewer mandatory investor protections than top-tier regulators.

Is RoboForex regulated and by whom?

Yes. RoboForex Ltd is regulated by the Financial Services Commission (FSC) of Belize under license number 9759600. The broker is also a category A member of The Financial Commission, an independent dispute resolution body.

Does RoboForex keep client funds in segregated accounts?

RoboForex states that client funds are held in segregated accounts, separate from the company's own funds. Negative balance protection is also stated to be in place.

What happens to my money if RoboForex goes bankrupt?

RoboForex states client funds are held in segregated accounts. As a member of The Financial Commission, eligible clients may claim up to EUR 20,000 from the compensation fund. RoboForex is not regulated by top-tier bodies such as FCA or CySEC, so protections like the FSCS or ICF do not apply.

What products does RoboForex offer?

RoboForex offers forex CFDs, stock CFDs, real stocks and ETFs via R StocksTrader, indices, commodities, metals, energies, and cryptocurrency CFDs. The broker provides access to over 12,000 instruments in total.

Does RoboForex offer stocks and ETFs?

Yes. Real stocks and ETFs from global exchanges are available via the R StocksTrader platform. The account requires a $100 minimum deposit and charges a spread-based markup capped at 0.3% of the asset value.

Does RoboForex offer crypto?

Yes, but the range is limited. RoboForex offers cryptocurrency CFDs including Bitcoin, Ethereum, XRP, Solana, Dogecoin, and Cardano on Pro, ProCent, and ECN accounts.

Does RoboForex offer copy trading?

Yes. RoboForex operates CopyFX, a copy trading platform where clients can follow and replicate the trades of other traders. Strategies are available across MT4, MT5, and R StocksTrader accounts.

What does RoboForex charge for forex trading?

Pro and ProCent accounts are commission-free with spreads from 1.3 pips. ECN accounts charge $2 per lot each way ($4 round-turn) with spreads from 0.0 pips. Prime accounts charge $1 per lot each way ($2 round-turn) with spreads from 0.0 pips.

What does RoboForex charge for stock trading?

The R StocksTrader account charges no separate commission. Costs are included in a spread-based markup that is capped at 0.3% of the asset value.

Is there a withdrawal fee at RoboForex?

Yes. Withdrawal fees vary by payment method - for example, approximately 2.6% for Visa and approximately 1.5% for SEPA. RoboForex offers up to three commission-free withdrawals per month through its Free Funds Withdrawal program.

Does RoboForex charge an inactivity fee?

No. RoboForex does not charge an inactivity fee.

Does RoboForex have a demo account?

Yes. A free demo account is available on MetaTrader 4, MetaTrader 5, and R StocksTrader platforms.

Does RoboForex have a mobile app?

Yes. RoboForex provides mobile trading through iOS and Android apps for MetaTrader 4, MetaTrader 5, and R StocksTrader.

Is RoboForex good for beginners?

RoboForex has a low $10 minimum deposit and a free demo account, which can help new traders practise. The ProCent account allows micro-lot trading to reduce risk while learning. However, the platform's regulatory standing and the complexity of CFD trading mean beginners should exercise caution.

Is RoboForex good for long-term investing?

RoboForex offers real stocks and ETFs through the R StocksTrader platform, which may suit longer-term investors. However, the broker's tier-3 regulation and the absence of top-tier investor protections are factors to weigh when considering it for long-term capital.

Bottom line

RoboForex suits users who want a broad range of forex and CFD instruments, tight spreads on ECN or Prime accounts, a low minimum deposit, and access to real stocks and ETFs via R StocksTrader. It may not suit users who require top-tier regulation, have residency in restricted markets such as the US, EU, or UK, or who need a wide cryptocurrency selection.

RoboForex

Active forex and CFD traders

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Your capital is at risk. Other fees apply.