RoboMarkets Review 2023

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Our Rating

4.1
/ 5

RoboMarkets is #66 in our CFD broker rankings.

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

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Trusted

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Demo Account

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Copy Trading

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Award Winning

Minimum Deposit $/£/€100

Trading Platforms MT4, MT5

Instruments Forex, CFDs, indices, shares, commodities, ETFs

Bonus Offer -

Account Currencies USD, EUR, GBP, CHF, PLN, CZK

Payment Options Wire Transfer, Neteller, Credit Card, PayPal, Skrill
and 8 more

All RoboMarkets Details

Compare RoboMarkets

Forex Trading

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

Stocks Trading

RoboMarkets offers 12,000 equities with leveraged trading options.

CFD Trading

Trade thousands of different assets with leveraged contracts for difference.

Crypto Trading

Not Available

Copy Trading

RoboMarkets offers a bespoke copy trading service - CopyFX. Clients can use the broker's leaderboard to pick traders and strategies to follow.

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

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:

• One-click trading
• Interactive charting
• Customisable interface
• 3 order execution types
• 50 integrated technical indicators
• MetaTrader Market – acquire trading robots and indicators
• Fundamental analysis – live news alerts on financial market events
• Algo trading – create and use robots written in the MQL4 language

MT5

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

• Market depth
• Netting & hedging
• 6 pending order types
• Multi-threading tester
• 3 types of trading charts
• 38 technical indicators and 44 graphic objects
• Virtual hosting for the 24/7 operation of trading robots

R Trader

A powerful web-based platform with advanced charting capabilities:

• One-click trading
• Multiple windows
• Netting & hedging
• Multiple chart layouts
• Customisable watch lists
• Trade directly from charts
• Market depth and conditions analysis tools
• Algorithmic strategy builder – free and easy to use
• Order management – modify positions when the market is closed

Assets

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

• Stocks – 12,000 global shares including Apple, Twitter, GME, and Amazon
• Indices – 7 global indices including the DAX40, NASDAQ100, and FTSE100
• Energies – trade ETFs and CFDs on energies including oil and natural gas
• Metals – trade CFDs on gold and silver and invest in 20+ precious metal ETFs
• Currencies – 35+ major and minor currency pairs such as EUR/USD, USD/JPY, and GBP/USD
• Commodities – trade 100+ ETFs on soft commodities including cocoa, coffee, corn, and sugar

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

2021 also saw RoboMarkets introduce fractional stock trading. Clients can use the R Trader terminal to open and close positions with competitive commission rates available.

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:

• Equities – 1:5
• Commodities – 1:10
• Major forex pairs – 1:30
• Minor forex pairs and indices – 1:20

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.

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

• VISA and MasterCard – instant processing, minimum deposit from $10

Electronic Payments

• Skrill – instant processing, deposit from $10
• PayPal – instant processing, $10 to $100,000 deposit limits
• Fasapay – instant processing, $10 to $20,000 deposit limits
• Neteller – instant processing, $10 to $50,000 deposit limits
• WebMoney – instant processing, $10 to $50,000 deposit limits
• Boleto – between 1 minute to 1-day processing, 35 to 3,150 BRL deposit limits

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:

• GiroPay – up to 1 working day, deposit from €10
• Barclays Bank PLC – up to 5 working days, deposit from €500
• Deutsche Handelsbank – up to 5 working days, deposit from €500

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

• VISA and MasterCard – 2.4% withdrawal fee. 1 to 10 day processing time. Withdrawal limits up to $10,000

Bank Payments

• Rapid Transfer – available in selected countries including the UK, Poland and France. Processing takes up to 5 days and the minimum withdrawal is €1.
• Bank Transfer – fees vary by currency including $25/€10/£10 per transaction. Processing takes up to 1 working day and the minimum withdrawal is €1.

Electronic Payments

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

• Skrill – 1% withdrawal fee. Withdraw from $1
• WebMoney – 0.8% withdrawal fee. Withdraw from $0.02
• Fasapay – 0.5% withdrawal fee up to €5. Withdraw from $0.1
• Neteller – 1.9% withdrawal fee. Withdrawal limits $5 to $10,000
• PayPal – 2% withdrawal fee up to €5. Withdrawal limits €10 to €100,000

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.

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:

• 100% stop out
• 1-year account history
• 30+ Brazilian stock CFDs
• Floating spreads from 0 pips
• 500 lot maximum order volume
• No limit on the number of positions
• Instruments include forex, metals, plus CFDs on US stocks, indices and oil

ECN

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

• 50% stop out
• Floating spreads from 0 pips
• 50 lot maximum order volume
• Instruments include forex, metals, plus CFDs on US stocks, indices and oil

ProCent

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

• 50% stop out
• Access deposit bonuses
• Floating spreads from 1.3 pips
• 50 lot maximum order volume
• Instruments include 36 currency pairs and metals

Pro

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

• 50% stop out
• Access to deposit bonuses
• Floating spreads from 1.3 pips
• 100 lot maximum order volume
• Instruments include forex, metals, plus CFDs on US stocks, indices and oil

R Trader

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

• 50% stop out
• Leverage up to 1:30
• Spreads from 0.01 pips
• No cap on the number of positions
• R Trader platform compatibility only
• Account currencies include USD, EUR, CHF, GBP and CZK
• 12,000+ instruments including indices, shares, forex, ETFs, plus CFDs on stocks and precious metals

Benefits

Reasons to sign up for a RoboMarkets account include:

• Fractional stock trading
• Automated dividend payments
• Demo account offering on all platforms
• CySEC regulation and a member of ICF
• Copy-trading through the CopyFX platform
• No inactivity fee or account maintenance charges
• 24/7 multilingual customer support including live chat
• Various live account options including an Islamic account
• Account security measures including 2 step authentication
• Globally recognised MT4 and MT5 platforms plus proprietary R Trader terminal

Drawbacks

Downsides of the RoboMarkets offering include:

• European traders only
• No spread betting or cryptocurrencies
• Withdrawal fees apply to various methods

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:

• Online contact form
• Email – info@robomarkets.com
• Live chat – located in the bottom right of each webpage
• Office address – RoboMarkets Ltd, 169-171 Arch. Makarios III Ave., Floor 8, 3027, Limassol, Cyprus
• English telephone – +357 25 123275 (visit the broker’s website for the helplines in other languages)

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

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.

Payment Methods

• Wire Transfer
• Skrill
• Neteller
• Credit Card
• Visa
• Mastercard
• WebMoney
• FasaPay
• PayPal
• Rapid Transfer
• Giropay
• ecoPayz
• Boleto

RoboMarkets Details

CFD Trading Details

Forex Trading Details

Compare RoboMarkets

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1. Just2Trade – Just2Trade offer high-tech trading on stocks and options with some of the lowest prices in the industry.
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2. IG Group – IG-US offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have over 47 year track record of excellence.
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3. Forex.com – Forex.com boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer tight spreads on a cutting edge platform.
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RoboMarkets Comparison Table

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