RoboMarkets offers five types of accounts and three types of demo accounts. Prime account, ECN account, R StocksTrader account , ProCent account & Pro account. Each account has its own set of conditions for commission, fees, margin calls, leverage, and minimum deposits. Monitored by Regulating Authorities CySEC
| 💠Feature | 📈 Prime Account | 📈 ECN Account | 📈 R StocksTrader Account | 📈 ProCent Account | 📈 Pro Account |
| Minimum Deposit | $ 100 / R 1600 ZAR | $ 100 / R 1600 ZAR | $ 100 / R 1600 ZAR | $ 100 / R 1600 ZAR | $ 100 / R 1600 ZAR |
| Spreads | Floating from 0 points | Floating from 0 points | from 0.01 USD | Floating from 1.3 points | Floating from 1.3 points |
| Trading Instruments | 28 CFDs on Forex, CFDs on Metals, CFDs on US stocks, CFDs on Indices, CFDs on Oil | 36 CFDs on Forex, CFDs on Metals, CFDs on US stocks, CFDs on Indices, CFDs on Oil | More than 12,000: Stocks, CFD on Stocks, CFDs on Indices, CFDs on Forex, CFDs on ETFs, CFDs on Oil, CFDs on Metals, CFDs on Brazil Stocks | 36 CFDs on Forex, CFDs on Metals | 36 CFDs on Forex, CFDs on Metals, CFDs on US stocks, CFDs on Indices, CFDs on Oil |
| Leverage | Determined during the registration on the basis of your experience and knowledge | Determined during the registration on the basis of your experience and knowledge | up to 1:30 | Determined during the registration on the basis of your experience and knowledge | Determined during the registration on the basis of your experience and knowledge |
Min Deposit USD 100 Regulators CySEC Trading Platform MT4, MT5, R Trader Total Pairs 0 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
RoboMarkets Review – 8 key points quick overview:
RoboMarkets Overview- RoboMarkets Account Types
- RoboMarkets at a Glance
- RoboMarkets Account Features
- RoboMarkets Demo Account
- RoboMarkets Islamic Account
- RoboMarkets Pros and Cons
- Frequently Asked Questions
RoboMarkets Overview
RoboMarkets is a popular and well-regulated online Forex broker based in Cyprus, which offers an advanced and user-friendly trading environment to traders of different strategies, goals, and investment styles.
The broker’s five different account types provide access to 6 currency pairs, Metals, CFD on US stocks, CFD on Indices, and CFDs on Oil, and access to the highly popular MetaTrader 4 and MetaTrader 5, as well as the R Trader platform.
These popular sources of trading software provide traders with access to numerous trading features, analytics, and charting capabilities, all delivered on a user-friendly interface.
The broker’s excellent customer support team ensures readily available technical and fundamental assistance, while its regulation with the Cypress Securities and Exchange Commission (CySEC) ensures traders a safe and secure trading environment.
Client funds are stored in segregated accounts with top-tier banks, while the broker participates in a compensation scheme that covers clients in the unlikely case of broker insolvency.
RoboMarkets Account Types
RoboMarkets offers 5 types of trading accounts that are suitable for beginner to advanced traders. These consist of the Prime, ECN, R Trader, Pro-Cent, and Pro-Standard Accounts.
The broker further offers a wide variety of demo accounts, as well as an Islamic account for traders of the Muslim faith.
RoboMarkets at a Glance
| Broker's Name | RoboMarkets |
| 📍 Headquartered | Limassol, Cyprus |
| 📅 Year Founded | 2012 |
| ⚖️ Regulating Authorities | CySEC |
| 📌CySEC No | |
| 🌐 Countries not accepted for trade | all countries outside EEA |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1:30 |
| 🌐 Spreads | Floating from 0 points |
| 🌐 Commission | 0% Commission for trading stock |
| 🌐 Fees | 0.8% |
| 📊 Accounts | Prime Account, ECN Account, R Stock Traders Account, ProCent Account, Pro Account |
| 📎 Bonus | Yes |
| 💰 Minimum Deposit | $100 / R 1600 ZAR |
| 💳 Deposit Options | Bank payments, PayPal, Skrill, FasaPay, Neteller, Boleto, Visa and Mastercard |
| 💳 Withdrawal Options | Bank payments, PayPal,Skrill, FasaPay, Neteller, Boleto, Visa and Mastercard |
| 💻 Platform Types | MetaTrader 4, MetaTrader 5, R Trader |
| 📱 OS Compatibility | Windows, Mobile, Web, iPhone, iPad PC and Mac OS, mobile for Android and IOS |
| 📈 Tradable assets offered | Forex, Stocks, Indices, ETF, Commodities, Metals, Energies |
| 👨💼 Languages supported on Website | Multilingual |
| 👥 Customer Support Languages | Multilingual |
| 📆 Customer Service Hours | 24/5 |
RoboMarkets Account Features
Prime Accounts
“Prime” accounts include some of the best trading conditions available at RoboMarkets (like liquidity providers), which are intended for experienced traders.
- Trading instruments: 28 currency pairs, Metals, CFD on US stocks, CFD on Indices, CFD on Oil.
- The minimum first deposit: 100 USD / 100 EUR / 100 GBP.
- Spread: Floating from 0 points.
ECN Accounts
The main distinctive features of ECN accounts are low spreads, these accounts are intended for professional traders, who prefer “advanced” trading conditions.
- Trading instruments: 36 currency pairs, Metals, CFD on US stocks, CFD on Indices, CFD on Oil.
- The minimum first deposit: 100 USD / 100 EUR / 100 GBP.
- Spread: Floating from 0 points.
R Trader Accounts
A unique account for trading through multi-asset web platform R Trader for experienced traders, who want access all major financial market from a single account.
R Trader is a new generation platform, which combines classic design, easiness-to-use, advanced technologies, and access to largest global financial markets.
- Trading instruments: More than 12,000: Indices, Real stocks, CFD on stocks, Forex and ETF, CFDs on Oil, CFDs on Metals.
- The minimum first deposit:100 USD / 100 EUR / 100 GBP.
- Spread: from 0.
Pro Cent Accounts
On this account type as the base currency is using cents (EU Cent, US Cent, etc.), it allows traders to test new trading strategies with small deposits.
- Trading instruments: 36 currency pairs, Metals.
- The minimum first deposit: 100 USD / 100 EUR / 100 GBP.
- Spread: Floating from 1.3 points.
Pro Accounts
The most demanded account type at RoboMarkets, which is suitable for traders with different experiences on the currency market.
- Trading instruments: 36 currency pairs, Metals, CFD on US stocks, CFD on Indices, CFD on Oil.
- The minimum first deposit: 100 USD / 100 EUR / 100 GBP.
- Spread: Floating from 1.3 points.
RoboMarkets Demo Account
Traders can open several different demo accounts with RoboMarkets, including the Demo Pro, Demo, and Demo R Trader.
Demo Pro
- Replicates the parameters and trading conditions of the most popular RoboMarkets account type, Pro.
- Account currency: USD.
- Trading platforms: MT4, MT5.
- Trading instruments: 36 currency pairs, Metals.
- Spread: Floating from 1.3 points.
Demo
- Demo account parameters are the same as those for ECN (MT5) and Prime (MT4) accounts, which are created for experienced traders.
- Account currency: USD.
- Trading platforms: MT4, MT5.
- Trading instruments: 36 currency pairs, Metals.
- Spread: Floating from 0 points.
Demo R Trader
- Designed to demo trade in R Trader, a next-generation multi-asset platform.
- Account currency: USD.
- Trading platforms: R Trader.
- Trading instruments: Over 12,000: Stocks, CFDs on Stocks, ETFs, Indices, Forex.
- Spread: Floating from 0 points.
RoboMarkets Islamic Account
RoboMarkets offers an Islamic Account to traders of the Muslim faith, which will allow them to avoid incurring interest on positions held overnight.
Also known as ‘no swap accounts’, Islamic trading accounts allow Muslims to engage in online forex trading in compliance with Sharia law.
With 25% of the world’s population practicing the Islamic faith, Islamic forex trading has continued to gain popularity worldwide.
An Islamic Forex trading account charges no swap or rollover interest on positions held overnight in the forex market. An administration fee is, however, charged on some accounts to open positions.
Min Deposit USD 100 Regulators CySEC Trading Platform MT4, MT5, R Trader Total Pairs 0 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
RoboMarkets Pros and Cons
| ✔️ Pros | ❌ Cons |
| Attractive affiliates program | Bonuses only available to professional clients |
| Access to all tools and platforms | 90 days trial |
| $100 on all account types | It goes higher up to $10.000 if you want to trade US Stocks Pro |
| Stocks offered in a good number; Available as real and CFDs | Some other brokers may provide a wider number of stocks and even lower commission |
| Good service offered through a proprietary platform | Social features are a little limited |
| They have won dozens of awards over the years | Service is not available outside the EU |
| The broker provides a very high level of security for your funds | Number of currency pairs is quite limited compared to other brokers’ offer |
| Raw spreads on ECN and Prime accounts |
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Frequently Asked Questions
Trading environment
How many instruments can I trade with RoboMarkets?
RoboMarkets offers its traders access to Currencies, Commodities, Indices, Stocks.
Which platforms are supported by RoboMarkets?
MetaTrader 4, MetaTrader 5 and R Trader.
Does RoboMarkets offer leverage?
Yes. RoboMarkets offers a maximum leverage of 1:500 to traders outside of the European Economic Area. Within the EEA, RoboMarkets offers a maximum leverage of 1:30, as per regulatory requirements.
What spreads can I expect with RoboMarkets?
RoboMarkets offers extremely competitive spreads that start from 0.0 pips floating on all three of the Prime, ECN and R Trader accounts. Spreads on the Pro Cent and Pro Account start from 1.3 pips floating.
Does RoboMarkets charge commission?
Yes. Commission is charged as follows:
ECN Accounts
- Commission of $20 per million traded on Forex pairs.
- Commission of $5 per million traded on CFD Indices.
- Commission of $200 per million traded on US Stock CFDs.
Prime Accounts
- Commission of $10 per million traded on Forex pairs.
- Commission of $4 per million traded on CFD Indices.
- Commission of $150 per million traded on US Stock CFDs.
R Trader Platform
US Stocks (accounts with a deposit from $10,000) commission of 0.0045 USD per share
Are there additional charges on the Islamic account?
No.
Is RoboMarkets regulated?
Yes. RoboMarkets is regulated by the Cypress Securities and Exchange Commission (CySEC).
Is RoboMarkets a recommended forex trading broker for experts and beginners?
Yes. RoboMarkets provides an excellent trading environment for beginner and advanced traders.
What is the overall rating out of 10 for RoboMarkets?
9/10.
Accounts
What is the difference between a demo and live trading account?
A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring of both the broker’s offer and the trading platform.
A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.
Does RoboMarkets offer a demo account?
Yes, a demo account is among the various account types offered by RoboMarkets
For how long is the demo account valid?
The demo account from RoboMarkets is available for 90 days.
Does RoboMarkets offer the option of an Islamic Account?
Yes.
Which live trading accounts does RoboMarkets offer?
RoboMarkets offers 5 types of trading accounts that are suitable for beginner to advanced traders. These consist of the Prime, ECN, R Trader, Pro-Cent and Pro-Standard Accounts.
What are the available deposit currencies for a live trading account?
RoboMarkets offers a wide selection of major deposit currencies, consisting of:
- EUR
- USD
- PLN
- MYR
- CNY
- CZK
- INR
- IDR
- CHF
- GBP
- AED
However, traders depositing in smaller currencies not listed, such as ZAR/Rand, will incur conversion fees.
Deposits and withdrawals
What is the minimum deposit for RoboMarkets?
The minimum deposit amount required to open a broker account with RoboMarkets is $100. This same minimum deposit is available across all the broker’s accounts, making RoboMarkets an accessible option for most new traders.
How do I make a deposit and withdrawal with RoboMarkets?
RoboMarkets provides traders with a wide range of deposit methods, which include the following:
- Bank payments
- PayPal
- Skrill
- FasaPay
- Neteller
- Boleto
- Visa and Mastercard
Does RoboMarkets charge withdrawal fees?
Yes. However, RoboMarkets offers its clients the ability to reduce expenses and benefit from the Company’s unique program: traders have an opportunity to withdraw funds from their trading accounts without paying any commissions on the first and the third Tuesday of each calendar month.
How long does it take to make a withdrawal?
Bank transfers can take between 1 – and 3 days to reflect, while e-wallet transfers take 24 hours. RoboMarkets processes withdrawals in 24 hours.
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