RoboMarkets
Discover More About RoboMarkets Brokerage
RoboMarkets is a well-established brokerage firm that operates under the RoboForex Ltd group. Its inception dates back to 2012, and the company is headquartered in Cyprus. RoboMarkets holds a license from CySEC, a highly reputable regulatory body, and serves clients across 169 countries. The platform is accessible in 14 languages, catering to a diverse clientele that includes speakers of Russian and Ukrainian.
Range of Services and Available Assets
- Forex Trading
- Precious Metals Investments
- Stock Trading
- ETFs Trading
- Indices Trading
- Commodities Trading
- Energy Market Investments
- Cryptocurrency Trading
For those interested in trading stocks, the minimum deposit requirement is $100.
Deposits and Withdrawals Simplified
RoboMarkets offers more than 20 deposit methods, including bank transfers, VISA/MasterCard, Qiwi, and Yandex.Money. Deposits incur no additional fees regardless of the method chosen. Clients can enjoy two commission-free withdrawals each month.
Flexible Trading Platforms
The brokerage utilizes popular trading platforms such as MetaTrader 4, MetaTrader 5, and R Trader, in addition to the WebTrader terminal. Mobile applications compatible with Android and iOS devices are readily available for seamless trading on the go.
Varied Trading Account Options
RoboMarkets provides a diverse selection of trading accounts, including ECN accounts with terms that are subject to periodic adjustments. The platform caters to beginners with demo and cent accounts, while offering tailor-made services for high-volume traders.
Pros and Cons Overview
- Robust regulatory framework ensuring legality and security
- Wide array of trading conditions suitable for various budget sizes
- Swift order execution enhancing trading efficiency
- Competitive low spreads contributing to cost-effective trading
- Opportunity to leverage trading robots and advisors for optimized performance
Cons to Consider:
1. Thoroughly reviewing the terms and conditions is essential, as information pertaining to all three brokerages under the RoboForex Ltd group may be incomplete or vague.
2. Clients should exercise caution when reviewing withdrawal terms and bonus conditions, as certain hidden clauses may necessitate close scrutiny.
This review has been prepared by the specialists at ExpertsReview.
I am extremely disappointed with my experience at RoboMarkets. Their customer service was absolutely deplorable. Each time I reached out with an issue or a question, there was no prompt reply or adequate support. I also found their trading system complicated and cumbersome, not user-friendly at all. Moreover, they have lots of hidden charges that they do not mention upfront. Overall, I had a terrible experience with them and would never recommend their service.