RoboForex Demo Account has multiple free demo trading accounts for beginners to start training on: Demo Pro Account, Demo ECN Account, and Demo RStocksTrader.
Practice forex trading in a 100% risk-free environment.
RoboForex Demo Accounts – Key Points Quick Overview
- ☑️Overview
- ☑️Demo Accounts Overview
- ☑️How to Open a RoboForex Demo Account – Step by Step Guide
- ☑️Demo Account Funding
- ☑️Pros and Cons
- ☑️Conclusion
- ☑️Frequently Asked Questions
Overview
- The forex and CFD broker RoboForex has been in operation for traders since 2009.
- RoboForex, which comes under the authority of the International Financial Services Commission (IFSC), lets traders invest in forex, stocks, indices, cryptocurrencies, and commodities.
- Pro, ECN, and Cent accounts offered by the broker allow it to cater to all styles of trading and suit investors of all backgrounds.
- With RoboForex, you can use MetaTrader 4, MetaTrader 5, cTrader, and R StocksTrader for stock trading.
Demo Accounts Overview
Demo Pro Account
- The RoboForex Demo Pro Account replicates the parameters and trading conditions of the Live Trading Pro Accounts.
Demo ECN Account
- The RoboForex Demo ECN Account has parameters similar to those of the Prime Accounts, intended for Professional Traders.
Demo R StocksTrader Account
- The RoboForex Demo R StocksTrader Account enables working through the R StocksTrader Platform with access to the largest global market.
| 🔎 RoboForex Demo Account | 🥇 R StocksTrader |
| 💵 Account Currency | USD |
| ➕ Max Leverage | 1:200 |
| ⚙️Trading Instruments | 12,000+ |
| 📊 Spread | Floating from 0 points |
| 📝Sign up | 👉 Open Account |
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:
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.
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.
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.
Step 4: Select Account Type
- The applicant will be met with the following screen and can now select +Add Account.
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 Customer Reviews
- Customer evaluations of RoboForex are inconclusive since people approve of its extensive trading tools as well as immediate trade processing and desirable spreads, but criticize specific withdrawal delays and bonus issues.
- Users value choosing from multiple trading platforms since the company provides MT4, MT5, and cTrader among their available options.
- Users have experienced problems with withdrawal delays along with bonus restrictions in their trading experience.
- The customer support staff provides prompt responses, but traders occasionally mention their dissatisfaction with queries taking too long.
Customer Ratings
| 🌐 Platform | 📝 Feedback Summary | ⭐ Rating |
 | Traders appreciate tight spreads and fast execution but mention occasional slippage. | ⭐⭐⭐⭐ |
 | Mixed reviews some praise account variety, while others report withdrawal issues. | ⭐⭐⭐ |
 | Positive feedback on platform features, but some concerns over bonus conditions. | ⭐⭐⭐ |
 | Generally positive, with users highlighting diverse instruments and trading tools. | ⭐⭐⭐⭐ |
 | Limited reviews, but some complaints about customer service responsiveness. | ⭐⭐ |
 | Many traders commend RoboForex’s features, though some mention payout delays. | ⭐⭐⭐⭐ |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Tight spreads from 0 pips | Not FSCA Regulated |
| Fast order execution | No fixed spread accounts |
| 5 account currencies (EUR, USD, GOLD) | Don't accept clients from US, Canada, Australia or Japan |
Conclusion
Overall, RoboForex offers new applicants multiple free demo trading accounts on selected account types – Demo Pro Account, Demo ECN Account, and Demo RStocksTrader.
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Frequently Asked Questions
Can traders from South Africa open a demo account with Roboforex?
Yes, South African traders can also open a Demo Pro Account, a Demo ECN Account, and a Demo RStocksTrader.
Can I convert my demo account to a live trading account with Roboforex?
Yes, by adding a minimum deposit of 10$ / ZAR 150, you can convert a demo to a live trading account.
What is the difference between a demo and a live trading account?
A demo account is funded with virtual money, whereas you trade real money with a live trading account.
Which live trading accounts does Roboforex offer?
Standard Account, Cent Account, ECN-Pro Account, Prime Account, RTrader Account, and Islamic Account.
Does Roboforex offer an Islamic Account?
Yes. What are the available deposit currencies for a live trading account?AUD, CAD, CHF, GBP, EUR, NZD, USD.
