With more than 12,000 available trading instruments, RoboForex stands to be one of the best-known brokers online. It was created in 2009, and since then, the popularity of it grew significantly. Our review of RoboForex shows that this company has been recognized by many respected experts of the Financial market, and it has received several awards for offering well-developed, safe, and secure services to traders.
RoboForex is located in Cyprus and is regulated by the Cyprus Securities and Exchange Commission, simply known as CySEC. With the license of CySEC, the broker is able to offer its services throughout the region of Europe. The broker has a very long history of being regulated, it offers numerous account types, free trading signals and research tools, and a special type of demo contests.
RoboForex review – The offerings of the broker
RoboForex offers traders access to numerous trading assets. Because there are so many instruments available, you can very easily diversify your trading portfolio. You can trade the following assets at RoboForex:
- More than 40 available currency pairs, including Majors, Minors, and Exotics
- Stocks of leading companies such as Amazon, Facebook, and others with the leverage of 1:20
- Most popular indices in the market
- More than 26 cryptocurrencies, including Bitcoin, Litecoin, Ethereum, and others
There are other assets available at RoboForex as well. In total, the Forex broker offers as much as 12,000 trading assets. This is possible through CFDs trading. CFDs let you trade any asset without having to actually own them. Instead of buying the assets, you are speculating on the price movements. This lets you make profits during both uptrend and downtrend.
Trading accounts of RoboForex
To make the market more accessible for everyone, the Forex broker offers numerous trading accounts. This includes:
- Cent Account
- ECN Account
- Prime Account
- Demo Account
- Islamic Account
All of these account types are very different from one another. If you are a complete beginner in Forex, you can start trading with a Demo Account, and slowly move to the Cent Account. The demo account is a great way to start trading, however, it does not involve the emotional side of trading.
With a cent account, you can feel the emotions while trading. However, since the deposits are very low with a cent account, you are not risking that much money. As you gain more experience, you can move on to using Prime and other types of accounts. You can see more information about account types on the website of the broker.
Can RoboForex be trusted?
RoboForex is licensed by well-known regulatory agencies. It makes trading with this Forex broker very safe for traders. The company offers as many as 12,000 trading assets across different instrument classes. RoboForex has received numerous awards for its services offered to traders, making it even more popular among retail traders.
Established in 2009, RoboForex has changed and developed very much in recent years. As of today, RoboForex has thousands of active users, and the number of them is increasing constantly because of the amazing services that this broker offers.