RoboMarkets Review and Tutorial 2021

RoboMarkets is a European broker contribution trading on 12,000+ instruments across a few asset classes. Customers can associate with the financial markets utilizing the globally perceived MT4 and MT5, in addition to the proprietary R Trader terminal. Our survey covers spreads and trading charges, account enrollment and login, account types, and more. See if to join to RoboMarkets and begin trading. 

Headlines 

RoboMarkets was set up in 2012 and is directed by the Cyprus Securities and Exchange Commission (CySEC), a profoundly respected financial body. The organization is enrolled as a lawful investment organization in 29 European nations and has gotten different honours lately. 

In excess of 290,000 trading accounts have now been opened with the mainstream forex and CFD broker, who is additionally the authority backer of BMW M Motorsport. 

Platforms 

RoboMarkets offers three platform choices; the business set up MetaTrader 4 and MetaTrader 5, or more the broker’s bespoke R Trader. MT4 and MT5 are accessible for free download to work area gadgets or through significant internet browsers. R Trader is accessible as a WebTrader, as it were. 

MT4 

The most famous trading terminal with retail traders, the user-friendly interface offers a scope of insightful instruments and highlights: 

• One-click trading 
• Interactive diagramming 
• Customizable interface 
• 3 order execution types 
• 50 integrated technical indicators 
• MetaTrader Market – secure trading robots and indicators 
• Fundamental analysis – live news notifications on financial market events 
• Algo trading – initiate and operate robots written in the MQL4 language

MT5 

Intended for traders that require speed and unwavering quality while undertaking refined financial investigation, highlights include: 

• Market depth 
• Netting and hedging 
• 6 pending order types 
• Multi-threading tester 
• 3 types of trading charts 
• 38 technical indicators and 44 graphic objects 
• Virtual hosting for the every minute of the everyday operation of trading robots

R Trader 

An amazing electronic platform with cutting edge charting abilities: 

• One-click trading 
• Multiple windows 
• Netting and hedging 
• Multiple chart layouts 
• Customizable watch lists 
• Exchange straightforwardly from charts 
• Market depth and conditions scrutiny tools 
• Algorithmic strategy builder – free of charge and easy to use 
• Order management – adjust positions at the time of market being closed

Assets 

RoboMarkets offers customers trading open doors in 12,000+ instruments across different global markets: 

• Stocks – 12,000 global offers including Apple, Twitter, GME, and Amazon 
• Indices – 7 global indices including the NASDAQ100, DAX30, and FTSE100 
• Energies – trade CFDs and ETFs on energies including natural gas and oil 
• Metals – trade CFDs on silver and gold and invest in 20+ valuable metal ETFs 
• Currencies – 35+ minor and major currency pairs like EUR/USD, USD/JPY, and GBP/USD 
• Commodities – trade 100+ ETFs on delicate commodities including cocoa, coffee, corn, and sugar 

Note, the number of accessible instruments shifts by account type. Likewise, cryptos like Bitcoin are not accessible to any clients. 

Fees 

Spreads and commission shifts by instrument and account type. 

ProCent – floating spreads from 0.0 pips: 2.0 pips is the average spread for the GBP/USD currency pair, broker revenue 1.3 pips. With broker revenue of 0.8 pips, Silver versus US Dollar (spot) is offered at an average of 1.7 pips. Commission-free with swaps and spreads payable. 

Pro – floating spreads from 1.3 pips:  2.0 pips is the average spread for GBP/USD currency pair, broker revenue 1.3 pips. With broker revenue of 0.6 pips, US500 Index Cash is offered at an average of 0.87 pips. Commission-free with swaps and spreads payable. 

ECN – floating spreads from 0.0 pips: Commission of $20 per million deal was on metals and currency pairs. $5 per million traded on CFD indices and $200 per million traded on $5 per million traded on CFD indices and US stock CFDs.

Prime – floating spreads from 0.0 pips: Commission of $10 per million deal was on metals and currency pairs. $4 per million dealing on CFD indices and $150 per million dealing on US stocks CFDs. 

Different fees to consider include, for the time being, swap rates for positions held into the following day. Our audit was satisfied to see no inactivity or maintenance fees. 

RoboMarkets Leverage 

As an EU-controlled broker, the President has guaranteed that leverage is capped at 1:30 for retail customers. Margin prerequisites may likewise change depending on trader experience and information. This is determined at the enlistment stage. 

The most extreme leverage rates accessible : 

• Equities – 1:5 
• Commodities – 1:10 
• Major forex pairs – 1:30 
• Minor forex pairs and indices – 1:20 

Note, white-collar traders can fit the bill for leverage up to 1:300. 

Mobile Trading 

All platforms presented by RoboMarkets offer mobile app similarity. These are accessible for free download to iOS and Android devices. All mobile terminals provide admittance to full trading highlights and portfolio account management while in a hurry. Free and instant deposits can be made, design acknowledgment innovation can be utilized, and in-app support is advertised. Customers can likewise set up watchlists and use instant and pending orders.

Payments 

Deposits 

The base deposit for all live accounts is $100/£100/€100. However, some payment techniques might have their own prerequisites. The broker doesn’t charge a deposit expense, and acknowledged currencies fluctuate by strategy. 

Debit and Credit Cards 

• VISA and MasterCard – instant preparing, least deposit from $10 

Electronic Payments 

• Skrill – instant preparing, deposit from $10 
• PayPal – instant preparing, $10 to $100,000 deposit limits 
• Fasapay – instant preparing, $10 to $20,000 deposit limits 
• Neteller – instant preparing, $10 to $50,000 deposit limits 
• WebMoney – instant preparing, $10 to $50,000 deposit limits 
• Boleto – between 1 moment to 1-day preparing, 35 to 3,150 BRL deposit limits 

Bank Payments 

12 worldwide banks are accessible as payment choices. Visit the broker’s site for acknowledged bank payments by country, preparing times, and least deposits. Choices include: 

• GiroPay – up to 1 working day, deposit starts from €10 
• Barclays Bank PLC – up to 5 working days, deposit starts from €500 
• Deutsche Handelsbank – up to 5 working days, deposit starts from €500 

Withdrawals 

Withdrawal expenses are charged on all techniques. However, two free withdrawals can be made every month. Withdrawal arrangements are limited versus deposit choices. 

Debit and Credit Cards 

• VISA and MasterCard – 2.4% withdrawal expense. 1 to multi-day preparing time. Withdrawal limits up to $10,000 

Bank Payments 

• Rapid Transfer – accessible in chose nations, including the UK, Poland and France. Handling requires as long as 5 days, and the base withdrawal is €1. 
• Bank Transfer – expenses fluctuate by currency, including $25/€10/£10 per exchange. Handling requires up to 1 working day and the base withdrawal is €1. 

Electronic Payments 

All electronic payment choices accompany a preparing season of up to 1 working day: 

• Skrill – 1% withdrawal expense. Pull out from $1 
• WebMoney – 0.8% withdrawal expense. Pull out from $0.02 
• Fasapay – 0.5% withdrawal expense up to €5. Pull out from $0.1 
• Neteller – 1.9% withdrawal expense. Withdrawal limits $5 to $10,000 
• PayPal – 2% withdrawal expense up to €5. Withdrawal limits €10 to €100,000 

Demo Account 

RoboMarkets offers three free demo accounts, accessible on all platforms. Trading boundaries and admittance to resource classes are indistinguishable from live accounts. These test systems are a decent method to test methodologies or EAs hazard-free with virtual funds. Demo accounts lapse following 90 days. Anyway, customers can open quite a few paper trading accounts. A straightforward online enrollment structure is required. 

RoboMarkets Bonuses 

Because of EU regulations, RoboMarkets doesn’t offer any bonuses or monetary incentives to retail traders. So, a deposit reward of up to 120% is offered to proficient traders, and free withdrawals are accessible two times every month. Watch out for the broker’s web-based media diverts and an official site on the off chance that any new promotions are delivered. 

Regulation Review 

RoboMarkets Ltd is enrolled as a lawful investment organization in 29 European nations, including the UK and Germany. The broker is directed by the Cyprus Securities and Exchange Commission (CySEC) – a profoundly respected administrative body. 

Traders profit with a negative balance protection strategy and segregated customer funds. The organization is additionally an individual from the Investor Compensation Fund (ICF). This gives retail traders compensation protection of up to €20,000 on account of business indebtedness. At long last, RoboMarkets has a common liability insurance program where organization liabilities are ensured up to €5 million. 

Additional Features 

RoboMarkets gives an assortment of tools and instructive instruments, including webinars, intended for both new and experienced investors. The trading tips distributed on the broker’s site are a decent spot to begin. 

An investigation community is additionally given for nothing. This is accessible in internet browsers or can be downloaded by means of the important application store to iOS and Android gadgets. Investigation incorporates currency figures, specialized markers and signals, forums, blogs, and video reviews. Additionally, a monetary schedule is incorporated on the broker’s site alongside a thorough instructional exercise segment covering how to have an account, how to login to the part’s region, platform features, and that’s just the beginning. 

For automated traders, StrategyQuant takes into account complex bot advancement. This is free of charge for one month with a $50 month-to-month charge from thereon. This is a decent alternative for investors hoping to take their trading to a higher level. 

At last, RoboMarkets offers a bespoke duplicate trading platform; CopyFX. Customers should finish the enlistment interaction and put aside an installment to get to duplicate trading features. Investors would then be able to break down the monetary execution, hazard hunger and trading history of potential master traders prior to mirroring their positions.

Live Accounts 

RoboMarkets offers five accounts reasonable for fledglings up to advanced traders. All accounts have a similar minimum deposit necessity of $100/€100/£100 and minimum order volumes from 0.01 parcels. Instruments, spreads and platform access differ by account. An Islamic swap-free solution is additionally accessible upon demand. Base account currencies incorporate USD, EUR, CHF and GBP. 

Prime 

This account offers the best accessible conditions and is focused on experienced traders: 

• 100% stop out 
• 1-year account history 
• 30+ Brazilian stock CFDs 
• Floating spreads from 0 pips 
• 500 part maximum order volume 
• No limit on the number of positions 
• Instruments incorporate forex, metals, plus CFDs on US stocks, indices and oil 

ECN 

Focused on experienced traders with advanced trading conditions that loan themselves to scalping strategies, among others: 

• 50% stop out 
• Floating spreads from 0 pips 
• 50 part maximum order volume 
• Instruments incorporate forex, metals, plus CFDs on US stocks, indices and oil 

ProCent 

A calculation based testing account that supports 100x denominated monetary units of the base cash: 

• 50% stop out 
• Access deposit bonuses 
• Floating spreads from 1.3 pips 
• 50 part maximum order volume 
• Instruments incorporate 36 cash combines and metals 

Pro

The most well-known trading account among retail traders of all experience levels: 

• 50% stop out 
• Access to deposit bonuses 
• Floating spreads from 1.3 pips 
• 100 part maximum order volume 
• Instruments incorporate forex, metals, plus CFDs on US stocks, indices and oil 

R Trader 

An extraordinary multi-asset web account with access to all major monetary markets: 

• 50% stop out 
• Leverage up to 1:30 
• Spreads from 0.01 pips 
• No cap on the number of positions 
• R Trader platform similarity only 
• Account currencies incorporate USD, EUR, CHF, GBP and CZK 
• 12,000+ instruments including forex, shares, indices ETFs, plus CFDs on stocks and precious metals 

Benefits 

Reasons to pursue a RoboMarkets account include: 

• Automated dividend payments 
• Demo account offering on all platforms 
• CySEC regulation and a member of ICF 
• Copy-trading through the CopyFX platform 
• No latency expense or account maintenance charges 
• all day, every day multilingual customer support plus live chat 
• Various live account options that include an Islamic account 
• Account security measures including 2 step authentication 
• Around the world, perceived MT4 and MT5 platforms plus restrictive R Trader terminal 

Drawbacks 

Drawbacks of the RoboMarkets offering include: 

• European traders only 
• No spread betting or cryptocurrencies 
• Withdrawal charges apply to various methods 

Trading Hours 

Opening times differ by instrument. The forex market is accessible 24/5, Monday to Friday. RoboMarkets terminals work on a UTC +2 worker time. A calendar with subtleties of market occasions is distributed on the broker’s site. 

Customer Support 

Clients can reach out to the customer support group day in and day out by means of: 

• Online contact form 
• Email – info@robomarkets.com 
• Live chat – situated in the bottom right of every site page 
• Office address – RoboMarkets Ltd, 169-171 Arch. Makarios III Ave., Floor 8, 3027, Limassol, Cyprus
• English phone(Telephone) – +357 25 123275 (explore the broker’s website for the helplines in other languages) 

An exhaustive FAQ section is additionally accessible. Our audit was satisfied with the high-quality and dependable support offered. 

Note, head to the organization site for its office addresses in other locations, including Frankfurt. 

Security 

RoboMarkets offers a somewhat secure trading environment. The member’s regions and platforms are password protected. The broker likewise offers two-step authentication, which incorporates SMS and backup code authorization for account login and payments. Industry-standard information protection conventions are followed as well. 

RoboMarkets Verdict 

RoboMarkets is a setup multi-asset broker famous with traders in Europe. Benefits incorporate CySEC regulation, a free demo account, day in and day out customer support and low minimum deposit necessities. Zero-pip spreads with ECN solutions and advanced accounts will likewise be great news to high-volume traders. 

FAQ 

What is the Minimum Deposit Necessity to Open a RoboMarkets Account? 

The minimal deposit for a live account is £100/$100/€100. This is a lower passage necessity than certain competitors; for instance, versus XTB that mandates a £200/$200/€200 deposit. 

Is RoboForex Equivalent to RoboMarkets? 

While possessed by a similar organization, RoboForex is a Belize-based brokerage focused on worldwide customers, where RoboMarkets is the CySEC-regulated arm working in the European market. RoboForex is a decent option for traders based in Asia, the Nordic regions and the Baltics, among others. 

What Trading Platforms Does RoboMarkets Offer? 

RoboMarkets offers three trading platforms viable with desktop and mobile gadgets. Retail customers can trade on the universally perceived MT4 and MT5, plus the broker’s exclusive R Trader. An easy-to-use copy trading solution is likewise accessible to account holders. 

Is RoboMarkets Regulated? 

Indeed, RoboMarkets Ltd is a European broker regulated by the Cyprus Securities and Exchange Commission (CySEC). Thus, customers benefit from negative balance protection, leverage caps and an investor compensation fund. 

Does RoboMarkets Offer a Demo Account? 

Indeed, RoboMarkets offers three free demo accounts, accessible on all trading platforms. This is a decent method to test strategies risk-free. It’s fast and simple to transition over to a live account when you feel prepared. 

Accepted Countries 

RoboMarkets only acknowledges traders from Belgium, France, Bulgaria, Czech Republic, Denmark, Croatia, Germany, Estonia, Ireland, Greece, Spain, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Romania, Hungary, Malta, Netherlands, Austria, Poland, Portugal, Finland, Slovenia, Slovakia, Sweden, United Kingdom. 

Alternatives to RoboMarkets 

In case you are searching for alternatives to RoboMarkets, we have arranged a rundown of the best 5 brokers that are like RoboMarkets underneath. This rundown of brokers like RoboMarkets is arranged by comparability and only incorporates organizations that acknowledge traders from your location. 

RoboForex – RoboForex is a multi-asset online broker offering amazing trading aides. 

VantageFX – Dependable and reasonable trading since 2009. Join more than 400,000 others trading on 300+ CFD items over assets like forex, gold, indices and shares from 0.0 spreads through TradingView, MT4 or MT5. Vantage FX is ASIC regulated, and customer funds are isolated. Have an account in less than 5 minutes. 

OctaFX – OctaFX offers multi-asset trading on a scope of platforms and mobile solutions. 

FP Markets – FP Markets is a multi-asset broker offering a decision of trading platforms. FXTM – FXTM is a main forex and CFD broker. Offering a gigantic scope of markets and 6 account types, they oblige all degrees of trader.