All Share (J203) = 89 062
Rand / Dollar = 18.40
Rand / Pound = 23.22
Rand / Euro = 19.23
Gold (usd/oz) = 2 928.91
Platinum (usd/oz) = 989.30
Brent (usd/barrel) = 75.90
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

RoboForex Review

RoboForex Review

Overall, RoboForex can be summarised as a credible and trustworthy broker with advanced trading tools for pro-traders. Roboforex offers 24/7 support with a high trust score of 88 out of 99. Roboforex offers excellent client support 24/5.

🔎 Broker🥇 Roboforex
⚖️ Regulating AuthoritiesIFSC
🌐 Countries not accepted for tradeUS, Canada, Australia, and Japan
☪️ Islamic account (swap-free)✔️ Yes
👍 Demo Account✔️ Yes
📈 Maximum Leverage1:2000
☎️ Customer Support Hours24/7
☎️ Customer Support ChannelsEmail

Live Chat

Telephone
Range of Markets OfferedForex

Stocks

Indices

ETFs

Commodities

Metals

Energy Commodities
💰 Minimum DepositR180 ZAR / $10 USD
💻 Platform TypesMT4, MT5
🚀 Open an Account👉 Click Here

RoboForex Review – 10 Key Point Quick Overview

 

  1. ☑️ RoboForex Overview
  2. ☑️ RoboForex Sign-Up Bonus
  3. ☑️ RoboForex Live Trading Account Overview
  4. RoboForex Demo Accounts Overview
  5. Roboforex Islamic, Swap-Free Account
  6. How to open a RoboForex account – Step by Step Guide
  7. RoboForex Minimum Deposit
  8. RoboForex Fees, Spreads, and Commissions
  9. RoboForex Deposit and Withdrawal Options
  10. Roboforex Pros and Cons

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 Overview

RoboForex has been in operation since 2009 and the brokerage firm is regulated by the International Financial Services Commission (IFSC).  RoboForex offers its clientele exclusive trading platforms and technologies with more than 12,000 trading instruments 8 asset types made available.

RoboForex Landing Page

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 Sign Up Bonus

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 Account🥇 RoboForex Prime
📈 Trading platforms and terminalsMT4 / MT5
R MobileTrader
💵 Minimum Deposit$10 USD / €10 EUR / R160 ZAR
📊 SpreadFloating from 0 pips
➕ Max Leverage1:300
🎉 Deposit Bonus❌ No
✅ Loyalty BonusAll Offers
🚀 Open an Account👉 Click Here

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 Account🥇 RoboForex ECN Account
📈 Trading platforms and terminalsMT4 / MT5
💵 Minimum Deposit$10 USD / €10 EUR / R160 ZAR
📊 SpreadFloating from 0 pips
➕ Max Leverage1:500
🎉 Deposit Bonus❌ No
✅ Loyalty BonusAll Offers
🚀 Open an Account👉 Click Here

RoboForex R StockTrader Account

The RoboForex StocksTrader account is specifically for Stock Trading.

🔎 RoboForex Account🥇 RoboForex R StocksTrader
📈 Trading platforms and terminalsR StocksTrader
💵 Minimum Deposit$10 USD / €10 EUR / R160 ZAR
📊 Spreadfrom 0.01 USD
➕ Max Leverage1:300
🎉 Deposit Bonus❌ No
✅ Loyalty Bonus❌ No
🚀 Open an Account👉 Click Here

RoboForex ProCent Account

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

🔎 RoboForex Account🥇 RoboForex ProCent
📈 Trading platforms and terminalsMT4 / MT5
R MobileTrader
💵 Minimum Deposit$10 USD / €10 EUR / R160 ZAR
📊 SpreadFloating from 1.3 pips
➕ Max Leverage1:200
🎉 Deposit BonusAll Offers
✅ Loyalty BonusAll Offers
🚀 Open an Account👉 Click Here

RoboForex Pro Account

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

🔎 RoboForex Account🥇 RoboForex Pro
📈 Trading platforms and terminalsMT4 / MT5
R MobileTrader
💵 Minimum Deposit$10 USD / €10 EUR / R160 ZAR
📊 SpreadFloating from 1.3 pips
➕ Max Leverage1:2000
🎉 Deposit BonusAll Offers
✅ Loyalty BonusAll Offers
🚀 Open an Account👉 Click Here

RoboForex Live Trading Accounts

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 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 Account🥇 Pro
💵 Account CurrencyUSD
➕ Max Leverage1:2000
⚙️Trading Instruments36 Currency Pairs
Metals
📊 SpreadFloating from 1.3 points
🚀 Open an Account👉 Click Here

RoboForex Demo ECN Account

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

🔎 RoboForex Demo Account🥇 ECN
💵 Account CurrencyUSD
➕ Max Leverage1:500
⚙️Trading Instruments36 Currency Pairs
Metals
CFD
📊 SpreadFloating from 0 points
🚀 Open an Account👉 Click Here

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.

🔎 RoboForex Demo Account🥇 R StocksTrader
💵 Account CurrencyUSD
➕ Max Leverage1:200
⚙️Trading Instruments12,000+
📊 SpreadFloating from 0 points
🚀 Open an Account👉 Click Here

RoboForex Demo Accounts

10 Best Forex Brokers in South Africa for 2025

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#1

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

$100

#2

FSCA, CySEC, FCA, DFSA, FSA, CMA

$0

#3

CySEC, MWALI, FSCA

$25

#4

CySEC, FCA, FSA, FSCA

$100

#5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

$10

#6

CySEC, ASIC, FSA, BVI, FSCA

$25

#7

ASIC, CySEC, FSA, SCB

$200

#8

ASIC, CySEC, FSCA, FSA, FSC, CMA

$100

#9

FCA, CySEC, FSCA, SCB

$100

#10

FSCA, FSC, ASIC, CySEC, DFSA

$5

#1

4.8/5

User Score

#2

4.7/5

User Score

#3

4.7/5

User Score

#4

4.4/5

User Score

#5

4.7/5

User Score

#6

4.0/5

User Score

#7

4.7/5

User Score

#8

4.8/5

User Score

#9

4.5/5

User Score

#10

4.9/5

User Score

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.

Roboforex Islamic Account

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 on their official website – roboforex.co.za

RoboForex Account Registration 1

2.  Step2:  Complete Registration Form.

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

RoboForex Account Registration 2

3.  Step3:   Deposit

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

RoboForex Account Registration 3

RoboForex Minimum Deposit

🔎 RoboForex Account💵 Minimum Deposit
🥇 ProCent$10 USD / R160 ZAR
🥈 Pro$10 USD / R160 ZAR
🥉 ECN$10 USD / R160 ZAR
R Stocks Trader$100 USD / R1600 ZAR
Prime$100 USD / R1600 ZAR
Open an Account👉 Click Here

RoboForex Minimum Deposit

RoboForex Fees, Spreads And Commissions

RoboForex Fees, Spreads, and Commission differ across the broker’s account selections.

🔎 RoboForex Account🥇 Prime🥈 ECN🥉 R StocksTrader🥇 ProCent🥈 Pro
💵 Min Deposit$10 USD / R160 ZAR$10 USD / R160 ZAR$100 USD / R1600 ZAR$10 USD / R160 ZAR$10 USD / R160 ZAR
📈 SpreadFrom 0 pipsFrom 0 pipsFrom 0.01 USDFrom 1.3 pipsFrom 1.3 pips
💳 Commission for trading volume of 1 million USD✔️ Yes✔️ YesN/AN/AN/A
🚀 Open an Account👉Click Here👉Click Here👉Click Here👉Click Here👉Click Here

RoboForex Fees and Spreads

RoboForex Deposit and Withdrawal Options

RoboForex offers a wide variety of deposit and withdrawal methods and applicants can simply select the option that is most comfortable to them.

RoboForex Deposit Options

🔎 Payment System🏦 Bank Payments🔁 Electronic Payments💳 Bank Cards💵 Cash and Vouchers
💰 CurrencyUSD, BRLUSD, EURUSD, EURUSD
✅ Deposit Fee0%0%0%0%
⏳ Processing Time1-3 DaysUp to 1 DayUp to 1 DayUp to 1 Day

RoboForex Withdrawal Options

🔎 Payment System🏦 Bank Payments🔁 Electronic Payments💳 Bank Cards
💰 CurrencyUSDUSD, EURUSD, EUR
✅ Withdrawal Fee0% - 1.5%0% - 1.9%2.6% + 1.3 USD / 1 EUR
⏳ Processing TimeUp to 1 DayUp to 1 DayUp to 1 Day

RoboForex Deposit And Withdrawal

RoboForex Pros and Cons

✔️ Pros❌ Cons
Tight spreads from 0 pipsNot FCA Regulated
Fast order executionNo fixed spread accounts
5 account currencies (EUR, USD, GOLD)Don't accept clients from US, Canada, Australia or Japan

Conclusion

Overall, RoboForex is a well-regulated broker, which offers a wide selection of technological solutions, a wide variety of services, and an overall excellent trading experience.

You might also like: RoboForex Account Types Overview
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

Disclaimer

There is a high level of risk involved when trading leveraged products such as Forex/CFDs. Traders should not risk more than they can afford to lose.  Never trade or invest unless the process is fully understood. When trading or investing, traders must always take into consideration the level of their experience.

Frequently Asked Questions

 

Is Roboforex a scam or fake broker?

No, according to our research Roboforex is not considered a scam. Most of the respected experts in the financial market regard Roboforex as trustworthy and reliable.

How long does a withdrawal from Roboforex take?

Withdrawals from Roboforex are processed within 2 business days from 9:00 AM to 6:00PM (EET).

Will I have to pay any commission on withdrawals from Roboforex?

No, Roboforex does not charge any commission for withdrawals.

Can I practice forex trading with Roboforex before opening a live account?

Yes, traders who first want to familiarize themselves with Roboforex are welcome to open a demo account before they start trading on a live trading account.

What is the overall rating out of 10 for Roboforex?

The overall rating is 9/10

RoboForex

4.7/5 - (47 votes)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

July 19, 2024

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

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