With a wide range of financial instruments available on four different trading platforms (MT4, MT5, cTrader, and R Stock Trader), RoboForex appeals to traders who value low trading costs and a broad range of account choices.
RoboForex offers four live CFD accounts with a minimum deposit of only [fxs-broker-property identifier="deposit"] [fxs-broker-property identifier="currency"]. The commission-free CFD accounts have a spread of 1.3 pips, which is slightly wider than other brokers, but traders can choose to trade in smaller trade sizes, known as micro-lots. The ECN and Prime Accounts have spreads that start at [fxs-broker-property identifier="eur_usd_spread_smallest_account"] pips (EUR/USD) but commissions of only 4 USD and 2 USD, respectively - some of the lowest in the industry.
RoboForex also stands out for the number of financial instruments on offer, including over 12,000 stocks, 1,000 ETFs, 100 commodities, 40 Forex pairs, 26 cryptocurrencies, and indices. Support is offered for numerous trading platforms, including industry favourites such as MT4, MT5, and cTrader in addition to its intuitive and easy-to-set up R-trader.
In conjunction with third-party provider, Claws and Horns, RoboForex's educational and market analysis materials are well-organized and in-depth, a real benefit to beginner traders.
One drawback is that although RoboForex is an international broker, it is only regulated by the IFSC in Belize, which means that regulatory oversight is weaker than other brokers. Additionally, traders should be aware that RoboForex charges high withdrawal fees.