Robo Forex Broker
Name of the Company | RoboForex Lp |
---|---|
Established in | 2009 |
Online since | 2010 |
International Offices in | Egypt, Hong Kong, Indonesia, Latvia, Malaysia, Moldova, Republic of New Zealand, Romania, Russian Federation, Taiwan, Thailand |
Payment Methods | CashU, Credit/debit cards, Liberty Reserve, Moneybookers, WebMoney, Wire transfer |
Demo Accounts and Platforms | MetaTrader 4, MetaTrader 5, Integral FX Power Trader |
Account currencies | Euro, United States Dollar |
Different Currency pairs | AUD/CAD AUD/CHF AUD/JPY
AUD/NZD AUD/USD CAD/CHF CAD/JPY CHF/JPY EUR/AUD EUR/CAD EUR/CHF EUR/GBP EUR/JPY EUR/NOK EUR/NZD EUR/SEK EUR/USD GBP/AUD GBP/CAD GBP/CHF GBP/JPY GBP/NZD GBP/USD NZD/CAD NZD/CHF NZD/JPY NZD/USD USD/CAD USD/CHF USD/HKD USD/JPY USD/MXN USD/NOK USD/RUB USD/SEK USD/SGD USD/ZAR |
Regulated and Registered by | FSCL (New Zealand), FSP (New Zealand) |
Are US Traders Allowed? | No |
Bonus? (detailed) | |
Languages in which website is available? | Chinese, English, Indonesian, Malay, Russian |
Languages in which Support is available? | Chinese, English, Indonesian, Malay, Russian |
Different Support methods | Email, Live Chat, office, Phone, Skype, Web form |
Types of Account (micro standard executive islamic) | Fix Cent, Fix- Standard, Pro-Cent, Pro- Standard, Pro-ECN, ECN- Fix NDD |
Or others. | |
Minimum account size | $10 |
Minimum position size | 0.001 lot |
Type of Spread | Fixed |
Typical spread on EUR/USD, pips | |
Minimum spread on EUR/USD, pips | 2 |
Is Scalping Allowed | Forbidden |
Is use of Expert advisors allowed? | Allowed |
Types of Trading instruments (GOLD; CFD, etc. and the leverage) | Forex- 1:500, Gold & Silver- 1:200 |
Real Trading platforms | MetaTrader 4, MetaTrader 5 |
Digits after the dot in quotes | 4 |
Margin call level | 40% |
Stop-out level | 10% |
Total Number of currency pairs | 48 |
· Interest rate on funds | Yes |
Any Bonus offers | Yes |
Any Trading contests | Yes |
Any MAM accounts | Yes |
Affiliate program available? | Yes |
Islamic accounts available | Yes |
· Is Hedging allowed? | Yes |
Overnight interest rates (swaps) | Yes |
Do they allow Trailing stop? | Yes |
Do they allow Pending orders? | Yes |
Is One-click trading option available? | Yes |
Mobile trading allowed? | Yes |
Automated trading present? | Yes |
Robo Forex LP was founded in the year 2009 but they started their internet based online trading service only in the year 2010. The company is well regulated in New Zealand by FSCL and FSP and is mainly involved in providing individuals, institutes and organization, the opportunity to trade in the International market. They have their offices in many countries which suggest its wide customer base. They offer various services to keep the traders interested in the company and its working. They also offer interest rates on the funds deposited in the trader’s account. Various bonus offers are also offered which add to the funds of the customers. Trading contests are also conducted time to time to keep the trader engaged in activities other than that of forex trading. Affiliate program helps the trader to gain money by referring their friends, family and acquaintances. The other services include trailing stops, pending orders, one click trading, mobile trading and automated trading. They allow trading in 48 currency pairs.
The demo account is also available to the customers for free and the trading platform includes Meta Trader 4, Meta Trader 5 and Integral FX Power Trader. However, for real trading account the trading platform include only Meta Trader 4 and 5. The payment methods are many and help in easy deposit as well as withdrawal of funds. The customer support service and the website are multilingual and is available in 5 languages. The customer support staffs are well trained to handle all your trade related issues and can be reached via email, phone, live chat, Skype, web form and office. They have many account types to choose from and the minimum deposit required to open an account with them is $10 with minimum trade size of only 0.001 lots and the spread on the trade is fixed.
The reviews are the best way to find about a company’s performance and the quality of service that it provides to its customers. The feature that is liked most by the clients that they have their website as well as customer support service in multiple languages. Their customer support is lauded for being quick and highly responsive. They offer 6 different types of accounts to their customer and hence the customers have the liberty to select the one that suits their needs the best. The minimum deposit required to open an account with them is $10 and is loved by many traders. Their payment options are varied and are liked for being easy and hassle free. A few cons mentioned in the review is that the account currency is less and that they do not allow the use of scalping while trading, however, the use of Expert Advisor is allowed. Hedging is also allowed to the customer and is liked by many. Their overall reviews as mentioned on the internet are very positive and the average rating given to the company by its clients is 6.2 out of 10 and speaks for itself.