|Review in short|
|Number of instruments CFD||4|
|Broker type||ECN, MM, STP|
|Deposit from||100 EUR/USD|
|Spreads||1.3 EUR/USD * Spread is dated 02.06.2021 12:00, spread amount is subject to change.|
|Instruments CFD||Commodities, Forex, ETF, Indicies|
|Location||4 Modestou Panteli, office 005, Mesa Geitonia, PC 4003, Limassol, Cyprus|
|Phone||+357 25 580077|
* Some of the payment methods may not be available in your country.
RoboMarkets is a multi-asset broker, which offers 8 asset classes and more than 11,700 instruments for trading. With RoboMarkets accounts and platforms, customers gain access to the world's largest markets and a wide range of trading instruments.
RoboMarkets was licensed as a European broker in 2013 and is regulated by Securities and Exchange Commission (CySEC), license number 191/13.
RoboMarkets broker has grown rapidly in recent years, providing high quality services and competitive trading conditions for institutional and retail clients from Europe.
In addition, clients have access to professional trading platforms and cutting-edge technologies developed in-house. RoboMarkets' multilingual customer support operates around the clock and is ready to provide a competent answer to any question at any time.
RoboMarkets Ltd is regulated by the Securities and Exchange Commission (CySEC), license No. 191/13. The company has complied with all requirements set for the provision of financial services and remains under the supervision of the Cyprus Securities and Exchange Commission.
The Company is also a member of the IFC (Investment Compensation Fund in Cyprus), which guarantees insured clients compensation of up to EUR 20,000 if its members are unable to repay themselves.
Large number of trading instruments +10,000
Trusted brand since 2012
Less deposit and withdrawal options
Smaller offer of cryptocurrencies
Less educational opportunities
This broker offers seven different platforms through which you can trade. One of the platforms is MetaTrader 4 and the newer version MetaTrader 5. These platforms must be installed on your computer. If you want to trade via a web-based platform, you can use the web-based version of RoboMarkets Web Trader. Unfortunately, this has fewer features and tools that you might miss when trading.
Of course, there is also an Android and iOS platform. Another option you can trade on is R Trader. This is an advanced platform that allows you to trade a large number of assets, including a variety of cryptocurrencies.
R Web Trader A custom web-based platform developed specifically for RoboMarkets clients. Available in all browsers, desktop and mobile versions.
R Mobile Trader Compact mobile application with the same performance as a desktop terminal. Supported for Android and iOS devices.
R Trader Multi-asset platform with highly functional technical analysis tools and the fastest financial charts in the industry.
R Trader Strategy builder A free and easy-to-use tool to automate your trading that requires no programming skills.
Types of accounts
Pro-Cent is an account type with a minimum deposit of 100 USD / 100 EURO or equivalent in another currency. Floating spread from 1.3 pips; minimum volume 0.1 lot. 36 currency pairs and metals are available for trading via MT4/5 and Web Trader platforms.
Pro-Standard is an account type with a minimum deposit of 100 USD / 100 EURO or equivalent in another currency. Floating spread from 1.3 pips; minimum volume 0.01 lots. 36 currency pairs, metals and CFDs are available for trading via MT4/5 and Web Trader platforms.
ECN-Pro NDD is an account type with a minimum deposit of 100 USD / 100 EURO or equivalent in another currency. Floating spread from 0 pips; minimum volume 0.01 lots. 36 currency pairs, metals and CFDs are available for trading via MT4/5 and Web Trader platforms.
PrimePro is an account type with a minimum deposit of $5,000 or equivalent in another currency. Floating spread from 0 pips; minimum volume of 0.01 lots. 28 currency pairs, metals and CFDs are available for trading via MT4 and Web Trader platforms.
R Trader is an account type with EUR or USD as base currency and a minimum deposit of USD 100. Floating spread from USD 0.01; minimum volume from 0.01 lots. More than 11,700 trading instruments, including stocks, indices, currency pairs, metals and CFDs, are available for trading through the multi-asset R Trader platform. Access to the free automated strategy builder R Strategy builder.
Account registration at RoboMarkets
Your registration with RoboMarkets is required before sending your deposit. This is of course not a new feature, as verification is required with every registered broker. Verification is usually done by simply scanning or taking a photo of your ID card, or passport or other photo ID.
You also need to confirm your permanent address with an official document (e.g. utility bill, bank statement, etc.) Robomarkets also has SMS verification, so you need to enter the correct phone number when you register.
In addition, if you will be topping up your account using a credit card, you will need to take a photo of it and send it to the system before making a withdrawal. When doing this, be sure to cover sensitive information, i.e. the CVV or CVC code and the card number itself. It is important for the broker to know that the card is actually in your name. Of course, you can find all the terms and conditions for verifying and confirming your card on the Robomarkets website
Deposits and withdrawals
Deposits and withdrawals can be made by quite a large variety of payment methods. You can choose from classic payment cards such as Visa and MasterCard as well as various online wallets. For deposits in CZK by bank transfer, you can use PPF Bank free of charge. It is a bit disappointing that this broker does not support PayPal.
Deposits are free of charge, even withdrawals can be made without a fee. You just need to withdraw money either on the first or third Tuesday of the month. If you were to withdraw on a different day, and thus chose to withdraw more than once on a given Tuesday, you would pay a percentage fee on the amount you withdraw. However, this varies based on where you have the money withdrawn.
If you have multiple accounts, you can move money between them without paying anything.
Facts about RoboMarkets
Main client benefits
● Accounts in USD, deposits and withdrawals free of charge.
● Trading US stocks through the multi-asset trading platform R Trader.
● Index DE40 - spread from 0.5 pips - one of the best conditions.
Key features of the RoboMarkets broker
- European regulation requires companies to adhere to quality standards and demonstrates the openness and transparency of their activities, including the provision of services to clients.
- Access to technologically advanced trading platforms RoboMarkets offers its customers trading platforms that the company has created based on the increasing demand of today's merchants. Combined with the industry's best-known platforms, they create a wide range of tools for implementing business strategies.
- 24/7 Customer Support A team of RoboMarkets customer support professionals is ready to answer all your questions in 11 languages.
- More than 20 payment systems A large number of payment systems allow clients to choose the most appropriate way to deposit and withdraw funds.