RoboMarkets formerly RoboForex is a decent broker with a wide range of Forex products and services to offer. The broker has set up a wide range of payment methods which is a huge plus. Besides, RoboMarkets knows that not all prospective customers have the knowledge to trade successfully. For this reason, the broker has taken it a notch higher to introduce tutorials that teach the fundamentals of trading. At the end of the day, this broker has to remain competitive. They have to attract even more clients to remain afloat in the business. So what did they do to ensure that this is happening?
Owned and operated by the RoboForex group, this business is located at Promachon Eleftherias, 19, Limassol 4103, Cyprus. In order to get in touch with support, traders can email [email protected], or phone +357 25 123275. They are currently regulated by CySEC, with license number 191/13.
Forex brokers have dominated the internet with all kinds of offers. Look around you and chances are that you will find a broker pitching an attractive offer like a welcome bonus and weekly prizes. RobotMarkets seems to be enjoying success due to the fact that they have capitalized on ways of attracting and keeping clients.
RoboMarkets Features advantages which include low spreads from zero pips, execution from .1 seconds, 5 account currencies, 7 asset classes, cent accounts with minimum lot sizes of 0.01 and allows all expert advisors and scalping.
The minimum deposit is $100 with a minimum lot size of 0.01.
MT4 and MT5 trading platforms are offered by this broker. These platforms are currently being used by thousands of traders across the world. Thus, it only makes sense for Robo Market to offer to trade on these platforms.
However, the broker also offers trading directly from your browser through their web-trader platform.
Web-based trading is more geared towards those who prefer to monitor positions on the go as opposed to engaging in the analytical aspect of trading.
Account Types offered by RoboMarkets
There are different types of accounts that suit every client’s needs. These include a Pro standard account, their Pro Cent account, their new Prime account, their ECN-Pro account, or their demo account.
All of these accounts are essentially the same with minor differences in terms of spreads, currency pairs, and platforms available. The majority of the accounts only require a $100 deposit, with the prime account requiring a $5000 deposit.
RoboMarkets has a history dating back to 2012. The company is regulated by CySEC under reference number 191/13. which is in accordance with the requirements of the Markets in Financial Instruments Directive (MiFID).
RoboMarkets assures its clients that their funds are insured by the Investor Compensation Fund program, and hence this is a very safe broker to do business with.
Our best advice for you
There are more positives than negatives with this broker. To enhance good performance, RoboMarkets has also added a feature that allows the delivery of Forex strategies which are regularly updated and checked by professional traders.
Apart from this, we have never heard any major complaints brought against this company. Now, that’s a good reason to join them.
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