RoboMarkets offer 3 different types of demo accounts. Demo Pro account, Demo account, Demo R StocksTraders account. RoboMarkets demo accounts allow clients to train without incurring trading risks or losses providing a 100% risk-free environment.
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 |
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 – 5 key points quick overview:
RoboMarkets at a glance- RoboMarkets Overview
- How to set up a RoboMarkets Demo Account
- RoboMarkets Demo Account Features
- RoboMarkets Pros and Cons
- Frequently Asked Questions
RoboMarkets Overview
A forex demo account is also referred to as a practice account, which is used for practicing trading or to test a new trading strategy without any risk to actual money. A forex demo account is also intended for beginners to get familiar with the various aspects of trading.
As such, a demo account will allow traders to learn how to place orders, manage existing trade positions as well as more advanced functions such as testing or fine-tuning a trading strategy.
If you are new to trading, then it is highly recommended that you first open a forex demo account until you are comfortable with both your trading strategy as well as the intended trading platform itself.
How to set up a RoboMarkets Demo Account
1. Step 1 – Register an account
Navigate to the demo account registration portal by clicking “Open Demo Account” on the demo section of the broker’s website.
2. Step 2 – Complete information
Fill in the required fields of the online registration form. All the fields are compulsory. You will be required to provide your full name, email address, and contact number.
Read and accept the terms of the agreement.
Your E-mail address will be used as a login. This address will be used to send you the message with the code to confirm the registration of your Members Area, as well as the messages to confirm any other operations.
3. Step 3 – Demo account selection
Select the type of Demo account you would like to trade-in.
RoboMarkets Demo Account Features
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.
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
Is RoboMarkets a good broker for beginner traders?
Yes, trading experience with RoboMarkets has shown that it is suitable for beginner traders.
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, RoboMarkets offer a free demo account to all new traders.
For how long can I practice with the RoboMarkets demo account?
The demo account from RoboMarkets is available for 90 days.
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.
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