No, RoboForex is not a scam as it is regulated by IFSC Belize and an “A” member of The Financial Commission, which includes access to the Compensation Fund. Furthermore, it is an award-winning broker with over a decade of experience.

Accepts traders from Malta

94.7

Points

Overall

Points

Commissions & Fees

Points

Licensing & Safety

Points

Platforms & Tools

Each broker we review is judged on the same 10 key areas. We include different instruments and holding positions overnight. We check not only the licenses the broker claims to have for different countries, but whether these licenses are up to date too. We look for specific features such as customizability and trading signals.

12,000+Number of instruments

Open Account

100,000+ Traders

Regulated by

IFSC

Overview
Fees and commissions
Safety
Opening an account
Account types
Trading Platforms
Markets and products
Research tools
Education and training
Customer support
Our verdict

RoboForex review

Q: Is RoboForex regulated?

Yes, our review of RoboForex found that the broker is regulated by the IFSC Belize (International Financial Services Commission Belize). IFSC follows the International Financial Services Commission Act and is controlled by the Ministry of Belize Securities. As such, RoboForex must act responsibly and transparently at all times.

Q: What is the minimum deposit at RoboForex?

The minimum deposit at RoboForex is just 10 USD for most account types, making it incredibly accessible as this is among the lowest minimum deposits you will find. The exception is R Trader accounts, which have a still very accessible minimum deposit of 100 USD.

Q: Does RoboForex charge commission?

Most RoboForex accounts, including R Trader, Pro-Cent, and Pro-Standard, do not charge commissions. There are commissions on ECN and Prime accounts to account for the lower spreads. All commissions are clearly outlined for total transparency and accurate planning on the part of traders.

Q: What RoboForex account types are there?

RoboForex offers five account types, in addition to Islamic swap-free accounts and demo accounts. Pro-Cent accounts use cents as the base currency, while Pro-Standard accounts have the typical base currencies. ECN and Prime accounts offer tighter spreads and commissions for professionals and advanced traders. R Trader accounts add access to real stocks.

28 October 2020 - Kate Leaman

Our review of RoboForex explores a forex broker with a goal of delivering the best trading conditions via experience and innovative technology. RoboForex launched in 2009, and the broker now offers an impressive range of over 12,000 instruments in eight asset classes. It is regulated by the IFSC Belize, is a member of the The Financial Commission, and has earned dozens of awards since its inception. Most recently, RoboForex won the title of “Best Global Mobile Trading App.”

Trade more than 12,000 instruments
Access cryptocurrencies as well as cryptoindices
RoboForex is licensed by the IFSC Belize
Best broker for offering deposit methods for everyone
Does not accept clients from Canada, the US, Australia, or Japan

RoboForex overall scores

In this review, you can find all the information you need to decide whether RoboForex is the right broker for you. Our expert team has thoroughly explored the broker, using a tested methodology and scoring system. This process places importance on the things we know matter most to traders. Below you can see how RoboForex scored in each of our high-priority categories.

Commissions & Fees

92 Points

Payments

99 Points

Licensing & Safety

96 Points

Customer Service

93 Points

Trading Platforms & Tools

99 Points

Education

89 Points