RoboForex Account Types

RoboForex provides 5 different live trading account types – the Prime Account, The ECN Account, The R StockTrader Account, The ProCent Account, and the Islamic Swap-Free Account Option.  Additionally, a selection of Demo Accounts is also on offer.  RoboForex offers accounts in USD, EUR at a minimum deposit of $10 USD / R160 ZAR.

RoboForex Account Types – 11 Key Point Quick Overview

1. ☑️ RoboForex Live Trading Account Overview.
2. ☑️ RoboForex Islamic, Swap-Free Account.
3. ☑️ How to Open A RoboForex Account – Step by Step.
4. RoboForex Sign-Up Bonus.
5. RoboForex Minimum Deposit.
6. RoboForex Demo Accounts Overview.
7. How to open a Roboforex Demo Account – Step by Step.
8. RoboForex Demo Account Funding.
9. RoboForex Pros and Cons.
10. Conclusion.
11. Frequently Asked Questions.

Overall Rating

• 4.5/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 10

Regulators

IFSC

Trading Platform

MT4, MT5

Crypto

No

Total Pairs

36

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

RoboForex Live Trading Account Overview

RoboForex offers fast order execution, optimal trading conditions, and a wide variety of live trading accounts to choose from.

RoboForex Prime Account

The RoboForex Prime account offers prime trading conditions and it is suitable for both currency and other markets.

RoboForex ECN Account

The RoboForex ECN Account is best suited to experienced traders and the account combines the highest order execution speed with very competitive trading conditions.

RoboForex R StockTrader Account

The RoboForex StocksTrader account is specifically for Stock Trading.

RoboForex ProCent Account

The ProCent Account is the perfect choice for traders who wish to test their strategies.

RoboForex Pro Account

The RoboForex Pro Account is the most popular choice amongst beginner traders.

RoboForex Islamic, Swap-Free Account Overview

The RoboForex Islamic Swap-Free Forex trading account is available on the Metatrader4 platform.  Swap-Free services are only available for cent and standard MetaTrader4-based accounts, as well as for Pro-Affiliate accounts.

When an applicant changes their account type to Swap-Free, all other forex trading conditions will remain intact, and the overnight commission will depend solely on the instrument and the volume of open positions.

The Applicant will open the account as per normal, followed by contacting RoboForex Live Support to convert their account to the Islamic Account option.

How to Open a RoboForex Account – Step by Step Guide

1.  Step1:  Sign Up

To start the registration process, simply click on the green open trading account button.

2.  Step2:  Complete Registration Form.

Complete the simple registration form and click on the Registration button below the online form.

3.  Step3:   Deposit

Now the applicant can make their first deposit and start to trade.

Overall Rating

• 4.5/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 10

Regulators

IFSC

Trading Platform

MT4, MT5

Crypto

No

Total Pairs

36

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

RoboForex Sign-Up Bonus

RoboForex offers a sign-up bonus to all new applicants in the amount of $30 USD / R500 ZAR in initial funds.  Traders will be able to withdraw the profit and the funds are offered without restriction.

How to Receive the $30 USD / R500 ZAR RoboForex Sign-up Bonus

• Open a cent or standard MT4/MT5-based account with USD or EUR as a base currency.
• Complete the verification procedure of identity, address, and phone number in the Members Area.
• Deposit at least 10 USD into the account via a bank card.

RoboForex Minimum Deposit

RoboForex Demo Accounts Overview

RoboForex Demo Pro Account

The RoboForex Demo Pro Account replicates the parameters and trading conditions of the Live trading Pro Accounts.

RoboForex Demo ECN Account

The RoboForex Demo ECN Account has similar parameters to the Prime Accounts, intended for Professional Traders.

RoboForex Demo R StocksTrader Account

The RoboForex Demo R StocksTrader Account enables working through the R StocksTrader Platform with access to the largest global market.

How to Open a RoboForex Demo Account – Step by Step

To register for, and set up a demo account with RoboForex, traders can follow these steps:

1. Step 1:   Start on the RoboForex Landing Page.

Navigate to the RoboMarkets website and hover over the ‘Trading’ tab and select ‘Demo Accounts’ from the dropdown menu.

2. Step 2:   Click on the Open Demo Account Banner.

The trader will be redirected to a new page where the ‘Open Demo Account’ banner can be clicked.

3. Step 3:  Registration

The trader will be redirected to an online application where the required fields about an email address, First and Last name, and mobile phone have to be completed.  The applicant must confirm that they are at least 18 years of age.

4. Step 4:  Select Account Type

The applicant will be met with the following screen and can now select +Add Account.

5. Step 5:  Select Demo Account and Complete the Process.

The trader can select their preferred trading platform, demo account type, leverage, and virtual start deposit before clicking ‘Confirm’.

RoboForex Demo Account Funding

RoboForex Pros and Cons

Conclusion

Overall, RoboForex provides a wide live trading account variety for applicants to choose from, including an Islamic, Swap-Free account option.  Additionally, a selection of 3 Demo Accounts is also made available.

You might also like: RoboForex Demo Account – Step by Step

You might also like: RoboForex Fees and Spreads

You might also like: RoboForex Islamic Account Overview

You might also like: RoboForex Minimum Deposit

You might also like: RoboForex Sign up Bonus

Frequently Asked Questions

How many instruments can I trade with Roboforex?

You can trade several different instruments with Roboforex, which include the following:

• Currency pairs
• Metals
• CFD on US stocks
• CFD on Indices
• CFD on Oil
• Cryptocurrencies

Which platforms are supported by Roboforex?

MetaTrader 4 (MT4), MetaTrader 5 (MT5) and cTrader

Does Roboforex offer leverage?

Yes, Roboforex offers maximum leverage of up to 1: 2000

What spreads can I expect with Roboforex?

Roboforex offers floating spreads from 0 pips.

Does Roboforex charge commission?

No.  Trading with RoboForex is commission-free.

Are there additional charges on the Islamic account?

Some brokers charge extra fees on Islamic accounts – are either in wider spreads, additional commissions, or administration fees to make up for money that they lose with not charging overnight fees. New Islamic traders should enquire about these special conditions or extra fees before joining, because it is often overlooked or not indicated on the account features pages.

Is Roboforex regulated and by whom?

Roboforex is regulated by IFSC.

Is Roboforex a recommended forex trading broker for experts and beginners?

Through its different account types, Roboforex offers the best trading environment for all traders.

What is the overall rating out of 10 for Roboforex?

7/10.

What is the difference between a demo and a live trading account?

A demo account as is offered by broker companies like Roboforex is usually funded with virtual money and gives a prospective customer the opportunity to experiment with the company’s trading platforms and its features.

Does Roboforex offer a demo account?

Yes, RoboForex makes a selection of Demo Accounts available.

Can I convert my demo account to a live trading account with Roboforex?

You may trade for free with a demo account and by adding a minimum deposit of $10 USD / R160 ZAR, it will convert to a live account.

Which live trading accounts does Roboforex offer?

Roboforex Account Types incl: Standard Account, ProCent Account, ECN-Pro Account, Prime Account, R Trader Account, Islamic Account

Does Roboforex offer an Islamic Account?

Yes, RoboForex does make an Islamic, Swap-Free Account available.

What are the available deposit currencies for a live trading account with Roboforex?

AUD, CAD, CHF, GBP, EUR, NZD, USD.

What is the minimum deposit required to open an account with Roboforex?

The minimum deposit required to open a RoboForex account is $10 USD / R160 ZAR.

How do you make a deposit and withdraw money with Roboforex?

Roboforex offers the following deposit and withdrawal methods:

• Bank transfer
• card payment
• Skrill
• Neteller
• POLi
• FasaPay and more

Does Roboforex charge withdrawal fees?

Yes, dependent on the withdrawal method. Skrill and AdvCash add on a 1% processing fee, while Visa withdrawal adds 2.6% +1.3USD.

How long does it take to make a withdrawal?

Withdrawals may take a few days and depending on the trader’s bank, it may take up to seven days for funds to show in an account.