RoboForex offers Islamic swap-free trading on 4 trading account levels.
Prime Swap-Free, ECN Swap-free, ProCent Swap-Free, and Pro Swap-free.
RoboForex offers Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries.
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 Islamic, Swap-Free Account – 8 Key Point Quick Overview
- ☑️RoboForex at a Glance
- ☑️Islamic, Swap-Free Account Overview
- ☑️How to Open a RoboForex Account – Step-by-Step Guide
- ☑️Pros and Cons.
- ☑️Conclusion.
- ☑️Frequently Asked Questions.
RoboForex at a Glance
| Company Information | |
| 🏷️ Company Name | RoboForex Ltd |
| 📍 Headquarters Location | 2118 Guava Street, Belama Phase 1, Belize City, Belize |
| 📅 Year Established | 2009 |
| 🌐 Global Offices | Belize additional entities include RoboGate Ltd in Gibraltar |
| 🔖 Licensing Body | Financial Services Commission (FSC) Belize, License No. 000138/32 |
| 👥 Group Companies | RoboForex Ltd, RoboGate Ltd |
| 🏛️ Business Model | Hybrid STP/ECN without a dealing desk |
| Regulation and Security | |
| 🛡️Regulation | Regulated by FSC Belize member of The Financial Commission |
| ✔️ Compliance Standards | Adheres to international financial regulations |
| 🪫 Negative Balance Protection | Yes |
| 🕵️♂️ Financial Conduct Oversight | Member of The Financial Commission |
| 💰 Insurance Coverage | Compensation Fund up to €20,000 per case |
| 📋 AML & KYC Policy | Implements standard AML and KYC procedures |
| 🔒 Security of Trading Platform | Secure platforms with encryption protocols |
| 🛡️ Investor Compensation Fund | Yes, through The Financial Commission |
| Account Types and Features | |
| ➕Accounts | Standard, Pro-Cent, ECN, Prime, R Trader |
| 💰Minimum Deposit | USD 10 / 183 ZAR |
| 📇Minor account currencies | USD, EUR, GBP, CHF, BTC |
| 📈Leverage | Up to 1:2000 |
| 📊Spreads from | 0.0 pips (ECN accounts) |
| 🌐 Account Currency Conversion | Supported |
| 🔄 Hedging Allowed | Yes |
| ⚡ Scalping Allowed | Yes |
| 🔁 Copy Trading Support | Yes, via CopyFX |
| 👥 Social Trading Features | Yes, via CopyFX |
| 💼 Managed Accounts | Not specified |
| 🕞Average deposit/withdrawal processing time | Instant for deposits, 1-3 business days for withdrawals |
| 🪙Fund Withdrawal Fee | No fees on most methods |
| 💸Commissions | Varies (None on Standard, from $2 per lot on ECN) |
| 💱Number of base currencies supported | 9+ |
| 🚀Swap Fees | Yes |
| 📏Margin requirements | 50% |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | 0.1 seconds on average |
| 📆VPS Hosting | Free VPS for qualifying accounts |
| Trading Conditions | |
| 🧾CFDs-Total Offered | 12,000+ |
| 📉 Stocks | Yes |
| 🌾 Commodities | Yes |
| 💹 Forex Currency Pairs | Yes |
| ₿ Cryptocurrencies | Yes |
| 📈 Indices | Yes |
| 🪙 Precious Metals (Gold/Silver) | Yes |
| 🗠CFD Stock Indices | 10+ |
| ⛽ Energies (Oil/Natural Gas) | Yes |
| 🗂️ ETFs | Yes |
| ⚖️CFD Commodities | 10+ |
| 📜CFD Shares | 3,000+ |
| Deposits and Withdrawals | |
| 💳Deposit Options | Bank Transfer, Credit/Debit Cards, E-Wallets, Cryptocurrencies |
| 💵Withdrawal Options | Bank Transfer, Credit/Debit Cards, E-Wallets, Cryptocurrencies |
| ⏱️ Processing Time for Deposits | Instant for most methods. |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader, R Trader |
| 👩💻OS Compatibility | Windows, MacOS, iOS, Android |
| 🤖 Trading Bots | No |
| 🖧 VPS Services | Not specified. |
| ⚠️ Risk Management Tools | Available. |
| 🖥️Forex trading tools | Trading Central, Autochartist, VPS, CopyFX |
| 📉 Charting Tools | Available |
| 🧠 Market Sentiment Analysis | Available |
| 🏷️ Advanced Order Types | Supported. |
| 🧮 Custom Indicators | Supported. |
| 🔌 API Connectivity | No |
| Customer Support | |
| 🗣️Live chat availability | Yes 24/7 |
| 📱Customer Support email address | [email protected] |
| 📞Customer Support Contact Number | +65 3158 8389 |
| ❓ Help Center/FAQ | Available. |
| ⭐ Support Rating | Generally positive |
| ⏲️ Response Time (Live Chat) | Within a few minutes. |
| 👾Social media Platforms | Facebook, Twitter, LinkedIn, Instagram, YouTube |
| 🗣️Languages supported on Website | 18+ |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 🏫 Seminars | Not specified. |
| 📊 Market Analysis Reports | Provided |
| 🎥 Webinars | Free online courses available |
| 📖 Trading Tutorials | Available |
| 📚 E-Books | No |
| 🎬 Video Library | Available |
| 📚Educational Resources | Articles, Video Tutorials, Analysis Tools |
| 🆕 Beginner Guides | Available |
| 🚀 Advanced Trading Strategies | Not specified. |
| 📜 Glossary | No |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | 15,000+ |
| 📋IB Program | Yes |
| 🪙Rebate program | Yes |
| 🏷️ White Label Solutions | Available |
| 🎁 Partnership Rewards | Offered |
| 🏛️ Institutional Solutions | No |
| 🔌 API Partnership | No |
| 🤝 Referral Program | Yes |
| Market Research Tools | |
| 📅 Economic Calendar | Provides up-to-date information |
| 📰 Market News | Offers forex forecasts and weekly |
| 📩 Trading Signals | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
| 👉Open Account | 👉Open Account |
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 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
Step 1: Sign Up
To start the registration process, simply click on the green open trading account button on their official website
Step 2: Complete the Registration Form.
Complete the simple registration form and click on the Registration button below the online form.
Step 3: Deposit
Now the applicant can make their first deposit and start to trade.
Step 4: Contact Support to Enable Swap-Free Service
- Once you have an account, contact RoboForex’s Live Support to request the Swap-Free service.
- Make sure you have no open positions on the account you want to convert to Swap-Free
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
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, the RoboForex Islamic Swap-Free Forex trading account is available on most RoboForex live trading accounts. Swap-Free services are only available to a Muslim clientele, and verification will be needed.
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Frequently Asked Questions
Does Roboforex offer an Islamic Account?
Yes, RoboForex has Islamic Swap-Free options available on a selection of Live trading accounts.
Is Bitcoin Haram in Islam?
Cryptocurrency is very volatile, and research has shown that Muslim traders would be reluctant to use cryptocurrency as currency for a transaction.
Do all brokers offer Islamic trading accounts?
No, only brokers who serve Middle Eastern clients & clients from other jurisdictions who trade in accordance with Sharia law offer Islamic accounts.
Is forex trading halal in Islam?
Yes, Forex trading is seen as Halal.
What are the available forex pairs to trade with Islamic accounts?
EUR/GBP, GBP/AUD, GBP/NZD, GBP/USD, AUD/NZD are popular currencies to trade with Islamic accounts.
Are there additional charges on the Islamic account?
Some brokers charge extra fees on Islamic accounts – either in wider spreads, additional commissions, or administration fees to make up for the money that they lose by 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.
How many instruments can I trade with Roboforex?
Several different instruments can be traded with Roboforex, including:
- Currency pairs
- Metals
- CFD on US stocks
- CFD on Indices
- CFD on Oil
- Cryptocurrencies
Which platforms are supported by Roboforex?
Roboforex provides the following popular trading platforms:
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
- 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
Is Roboforex regulated and by whom?
Roboforex is regulated by CySEC and 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 allows a prospective customer 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?
Live Trading accounts offered by RoboForex include:
- Standard Account
- Cent Account
- ECN-Pro Account
- Prime Account
- R Trader Account
- Islamic Account
What are the available deposit currencies for a live trading account?
AUD, CAD, CHF, GBP, EUR, NZD, USD.
What is the minimum deposit required to open an account with Roboforex?
The minimum deposit needed to open a live trading account with RoboForex starts from $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 a 1% processing fee, while Visa withdrawal adds 2.6% +1.3 USD.
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.
