Roboforex Reviews

 

Established in 2009, RoboForex Group (RFG) Holding is the owner of two respective brands, RoboMarkets Ltd - regulated in Cyprus (formerly RoboForex) and RoboForex Ltd - controlled in Belize. At the beginning of 2013, the Broker obtained legal status in Cyprus as part of the RoboForex (CY) Ltd entity as a Cypriot investment company and has passports in the other EU Member States (EU).

First of all, the MetaTrader broker offering a set of platforms developed by MetaQuotes Software Corporation, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), the company provides cTrader - developed by SpotWare Systems and the Amstel internet platform marked as RTrader.

RFG Holdings brands offer multi-component trading solutions for 36 currency pairs and CFD for metal contracts, cryptocurrencies, and 8,700 shares.

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However, the fees and commissions of RoboMarkets vary depending on the type of account you open (Pro Standard, Prime, ECN-Pro, and Pro-Cent accounts).

A Prime account requires a USD 5,000 deposit. It offers an average of 0.3 pip spreads on EUR / USD and a commission of USD 2 for the standard part ($ 4 round). Thus bringing about an all-in cost of about 0.7 pips. The Pro-Standard account has no commissions, but higher expenses on EUR / USD, with an average spread of 1.6 pips. It does not require a minimum deposit.

The broker furthermore offers a VIP version for active traders. However, This is for traders who qualify as professional clients in the EU. In EU rebates commence based on the volume of volumes sold.

RoboMarkets provides research from Claws & Horns, an independent research company that offers various forms of analytical content, including transactional signals.