RoboMarkets Review and Tutorial 2021

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RoboMarkets Facts & Figures

RoboMarkets is an award-winning broker offering flexible margin trading.

Awards
• Safest European Broker - London Trader Show Awards
• Best Mobile Trading Platform - Professional Trader Awards
• Best ECN Broker (Europe) - Global Brands Magazine Awards
• Most Trusted European Broker - Global Forex Awards Retail
• Best Indices Broker - International Business Magazine Awards
InstrumentsForex, CFDs, indices, shares, commodities, ETFs
Demo AccountYes
Min. Deposit$/£/€100
Pay MethodsCredit Card, FasaPay, Giropay, Mastercard, Neteller, PayPal, Rapid Transfer, Skrill, Visa, Webmoney, Wire Transfer
Min. Trade0.01 lots
Regulated ByCySEC
MetaTrader 4Yes
MetaTrader 5Yes
cTraderNo
STP AccountYes
ECN AccountYes
DMA AccountNo
Mobile AppsiOS & Android
Auto TradingYes (EAs)
Social TradingYes
Copy TradingYes
Trade SignalsYes
Islamic AccountYes
CFD
Trade thousands of different assets with leveraged contracts for difference.
FTSE Spread0.5
GBPUSD Spread2.0
Oil Spread4.4
Stocks SpreadVariable
Leverage1:30 (Retail), 1:300 (Professional)
Forex

Start trading on dozens of currencies at RoboMarkets with powerful analysis tools and pattern recognition technology.

GBPUSD Spread2.0
EURUSD Spread1.4
EURGBP Spread1.6
Assets35+
Risk Warning – Your capital is at risk

RoboMarkets is a European broker offering trading on 12,000+ instruments across several asset classes. Clients can connect to the financial markets using the globally recognised MT4 and MT5, plus the proprietary R Trader terminal. Our review covers spreads and trading fees, account registration and login, account types, and more. Find out whether to sign-up to RoboMarkets and start trading.

Headlines

RoboMarkets was established in 2012 and is regulated by the Cyprus Securities and Exchange Commission (CySEC), a highly regarded financial body. The company is registered as a legal investment company in 29 European countries and has picked up multiple awards in recent years.

More than 290,000 trading accounts have now been opened with the popular forex and CFD broker who is also the official sponsor of BMW M Motorsport.

Platforms

RoboMarkets offers three platform options; the industry-established MetaTrader 4 and MetaTrader 5, plus the broker’s bespoke R Trader. MT4 and MT5 are available for free download to desktop devices or via major web browsers. R Trader is available as a webtrader only.

MT4

The most popular trading terminal with retail traders, the user-friendly interface offers a range of analytical tools and features:

RoboMarkets desktop trading
MetaTrader 4

MT5

Designed for traders that require speed and reliability while undertaking sophisticated financial analysis, features include:

RoboMarkets online trading
MetaTrader 5

R Trader

A powerful web-based platform with advanced charting capabilities:

RoboMarkets proprietary platform
R Trader

Assets

RoboMarkets offers clients trading opportunities in 12,000+ instruments across various global markets:

Note, the number of available instruments varies by account type. Also, cryptos like Bitcoin are not available to any users.

Fees

Spreads and commission vary by account type and instrument.

ProCent – floating spreads from 0.0 pips: The average spread for the GBP/USD currency pair is 2.0 pips, broker revenue 1.3 pips. Silver vs US Dollar (spot) is offered at an average of 1.7 pips with broker revenue of 0.8 pips. Commission-free with spreads and swaps payable.

Pro – floating spreads from 1.3 pips: The average spread for GBP/USD currency pair is 2.0 pips, broker revenue 1.3 pips. US500 Index Cash is offered at an average of 0.87 pips with broker revenue of 0.6 pips. Commission-free with spreads and swaps payable.

ECN – floating spreads from 0.0 pips: Commission of $20 per million traded on currency pairs and metals. $200 per million traded on US stock CFDs and $5 per million traded on CFD indices.

Prime – floating spreads from 0.0 pips: Commission of $10 per million traded on currency pairs and metals. $4 per million traded on CFD indices and $150 per million traded on US stocks CFDs.

Other fees to consider include overnight swap rates for positions held into the next day. Our review was pleased to see no inactivity or maintenance fees.

RoboMarkets Leverage

As an EU-regulated broker, the CEO has ensured that leverage is capped at 1:30 for retail clients. Margin requirements may also vary based on trader experience and knowledge. This is determined at the registration stage.

The maximum leverage rates available are:

Note, professional traders can qualify for leverage up to 1:300.

Mobile Trading

All platforms offered by RoboMarkets offer mobile app compatibility. These are available for free download to iOS and Android devices. All mobile terminals provide access to full trading features and portfolio account management while on the go. Free and instant deposits can be made, pattern recognition technology can be used, and in-app support is offered. Clients can also set up watchlists and utilise instant and pending orders.

RoboMarkets mobile trading
RoboMarkets app

Payments

Deposits

The minimum deposit for all live accounts is $100/£100/€100, though some payment methods may have their own requirements. The broker does not charge a deposit fee and accepted currencies vary by method.

Debit & Credit Cards

Electronic Payments

Bank Payments

12 global banks are available as payment options. Visit the broker’s website for accepted bank payments by country, processing times, and minimum deposits. Options include:

Withdrawals

Withdrawal fees are charged on all methods, though two free withdrawals can be made each month. Withdrawal solutions are limited vs deposit options.

Debit & Credit Cards

Bank Payments

Electronic Payments

All electronic payment options come with a processing time of up to 1 working day:

Demo Account

RoboMarkets offers three free demo accounts, available on all platforms. Trading parameters and access to asset classes are identical to live accounts. These simulators are a good way to test strategies or EAs risk-free with virtual funds. Demo accounts expire after 90 days, however clients can open any number of paper trading accounts. A simple online registration form is required.

RoboMarkets Bonuses

Due to EU regulations, RoboMarkets does not offer any bonuses or financial incentives to retail traders. With that said, a deposit bonus of up to 120% is offered to professional traders and free withdrawals are available twice per month. Keep an eye on the broker’s social media channels and official website in case any new promotions are released.

Regulation Review

RoboMarkets Ltd is registered as a legal investment company in 29 European countries including the UK and Germany. The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC) – a highly regarded regulatory body.

Traders benefit from a negative balance protection policy and segregated client funds. The company is also a member of the Investor Compensation Fund (ICF). This provides retail traders with compensation protection up to €20,000 in the case of business insolvency. Finally, RoboMarkets has a civil liability insurance programme where company liabilities are protected up to €5 million.

Additional Features

RoboMarkets provides a variety of tools and educational instruments including webinars, designed for both new and experienced investors. The trading tips published on the broker’s website are a good place to start.

An analytics centre is also provided free of charge. This is available in web browsers or can be downloaded via the relevant app store to iOS and Android devices. Analytics includes currency forecasts, technical indicators and signals, forums, blogs, and video reviews. Additionally, an economic calendar is integrated on the broker’s website along with a comprehensive tutorial section covering how to open an account, how to login to the member’s area, platform features, and more.

For automated traders, StrategyQuant allows for sophisticated bot development. This is free for one month with a $50 monthly fee thereafter. This is a good option for investors looking to take their trading to the next level.

Finally, RoboMarkets offers a bespoke copy trading platform; CopyFX. Clients must complete the registration process and make a deposit to access copy trading features. Investors can then analyse the financial performance, risk appetite and trading history of potential master traders before mirroring their positions.

RoboMarkets copy trading
CopyFX

Live Accounts

RoboMarkets offers five accounts suitable for beginners up to advanced traders. All accounts have the same minimum deposit requirement of $100/€100/£100 and minimum order volumes from 0.01 lots. Instruments, spreads and platform access varies by account. An Islamic swap-free solution is also available upon request. Base account currencies include USD, EUR, CHF and GBP.

Prime

This account offers the best available conditions and is aimed at experienced traders:

ECN

Aimed at experienced traders with advanced trading conditions that lend themselves to scalping strategies, among others:

ProCent

An algorithm-based testing account that supports 100x denominated monetary units of the base currency:

Pro

The most popular trading account among retail traders of all experience levels:

R Trader

A unique multi-asset web account with access to all major financial markets:

Benefits

Reasons to sign up for a RoboMarkets account include:

Drawbacks

Downsides of the RoboMarkets offering include:

Trading Hours

Opening hours vary by instrument. The forex market is open 24/5, Monday to Friday. RoboMarkets terminals operate on a UTC +2 server time. A calendar with details of market holidays is published on the broker’s website.

Customer Support

Users can get in touch with the customer support team 24/7 via:

A comprehensive FAQ section is also available. Our review was pleased with the high-quality and reliable support offered.

Note, head to the company website for its office addresses in other locations, including Frankfurt.

Security

RoboMarkets offers a relatively secure trading environment. The member’s area and platforms are password protected. The broker also offers two-step authentication which includes SMS and backup code authorisation for account login and payments. Industry-standard data privacy protocols are followed too.

RoboMarkets Verdict

RoboMarkets is an established multi-asset broker popular with traders in Europe. Benefits include CySEC regulation, a free demo account, 24/7 customer support and low minimum deposit requirements. Zero-pip spreads with the advanced accounts and ECN solutions will also be welcome news to high-volume traders.

FAQ

What Is The Minimum Deposit Requirement To Open A RoboMarkets Account?

The minimum deposit for a live account is £100/$100/€100. This is a lower entry requirement than some competitors, for example vs XTB that mandates a £200/$200/€200 deposit.

Is RoboForex The Same As RoboMarkets?

Whilst owned by the same company, RoboForex is a Belize-based brokerage aimed at global clients where RoboMarkets is the CySEC-regulated arm operating in the European market. RoboForex is a good option for traders based in Asia, the Nordic regions and the Baltics, among others.

What Trading Platforms Does RoboMarkets Offer?

RoboMarkets offers three trading platforms compatible with desktop and mobile devices. Retail clients can trade on the globally recognised MT4 and MT5, plus the broker’s proprietary R Trader. A user-friendly copy trading solution is also available to account holders.

Is RoboMarkets Regulated?

Yes, RoboMarkets Ltd is a European broker regulated by the Cyprus Securities and Exchange Commission (CySEC). As a result, clients benefit from negative balance protection, leverage caps and an investor compensation fund.

Does RoboMarkets Offer A Demo Account?

Yes, RoboMarkets offers three free demo accounts, available on all trading platforms. This is a good way to test strategies risk-free. It’s quick and easy to transition over to a live account when you feel ready.

Accepted Countries

RoboMarkets only accepts traders from Belgium, Bulgaria, Czech Republic, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden, United Kingdom.

Alternatives to RoboMarkets

If you are looking for alternatives to RoboMarkets we have compiled a list of the top 5 brokers that are similar to RoboMarkets below. This list of brokers like RoboMarkets is in order of similarity and only includes companies that accept traders from your location.

  1. LQDFX – LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.
  2. EagleFX – EagleFX is a popular trading broker offering forex, stocks, cryptos & commodities.
  3. eToro – eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
  4. ZuluTrade – Zulutrade provide multiple automation and copy trading options across forex, indices, stocks, cryptocurrency and commodities markets
  5. Forex.com – Forex.com boast a global reputation. Regulated in the UK, US and Canada they offer a huge range of markets, not just forex, and offer very tight spreads and a cutting edge platform.
RoboMarkets is an award-winning broker offering flexible margin trading.

RoboMarkets vs Other Brokers

RoboMarkets vs