RoboForex
RoboForex
Minimum deposit ($)
10.0
Commission
0.0
Accepting US clients?
Swap free accounts
Segregated accounts
Interest on margin
Managed accounts
Accounts for money managers (MAM, PAMM)
One click trading
API
OCO orders
Trading over the phone
Hedging allowed
Trailing stops
Mobile trading
Scalping allowed
Bonuses
Demo Accounts
Web based trading
Contests
Decimals
5
Minimum lot size
0.01
Maximum lot size
100.0
Spread
Variable
Broker type
STP, ECN, Market Maker
Maximal leverage (1:?)
2000
Phone
+593 964 256 286
Fax
-
Availability
Phone, Chat, Email, Facebook
Email
Address
2118 Guava Street, Belama Phase 1, Belize City, Belize
Regulation
FSC (Belize)
Trading Platforms
MetaTrader 4, MetaTrader 5, R WebTrader, R MobileTrader, R StocksTrader
Funding/Withdrawal methods
Wire Transfer, Credit Card, Debit Card, Cash, Western Union, Perfect Money, Neteller, Skrill, Local Deposits, Boleto, SEPA, Astropay, AdvCash, Apple Pay, Google Pay, Webpay, SPEI, MoMo Wallet, GCash, GrabPay, SafetyPay, PSE, QR & Vouchers
Account Currency
USD, GLD
Languages
English
Country
Belize
International offices
Belize
Trading platform(s) timezone
(GMT +2:00) South Africa, Jerusalem
Other trading instruments
Stocks, Indices, Commodities, Energies, Precious Metals, ETFs
Aug 21, 2021 at 16:56
9995566 posted:i agree with you .Their server get disconnected the time you want to take profit.
This broker will let you make a money for a while then will wipe up your account in different ways. I will list some of their their ways below:
1. Re-quoting: They don't do that a lot but they seem wait for the right opportunity to do it when they do it, will make you loss a massive amount within seconds. This problem occurred on both live and demo account.
Check their price of GBPUSD on 27 Apr 2011 the lowest price that day with most brokers was 1.61530 but their lowest price was 1.61243 and if you look at their H1 chart on 27 Apr 2012 at 0:00 GMT +2 you will see the re-quoting very clear. The moment the market started the other day they did their re-quoting.
The most Interesting thing is that they have the same lowest price on what they call it ECN account.
2. Take Profit & Stop Loss: Many times RoboForex server will pass your target profit or stop loss many pips wihtout closing the order. It happened with me on 26 Apr 2012 at 15:54 opened GBPUSD sell position at 1.61841 and with take profit at 1.61500, on 27 Apr 2012 at 0:00 they re-qouted the price and rechead 1.61243 and my position didn't close with target take profit. However I contacted them and they said there's no problem with our server and you're already agreed with risk disclosure when you opened you're account. Even with proofs I provided them they didn't solve the problem. Same problem happened with me last week beside the server was disconnected but unfortunately I didn't take screen shot that time but I have the log sent to them and it was the same answer. Last week made me lose $20,000. This problem occurred only on live account.
3. Server Disconnection: That's their main key to make you loss money. The server gets disconnected during important trading times, especially around the news or if you have big trades or lots open. This problem occurred only on live account.
4. Execution: Slow, average 10 sec but during high volatility or news release it's about 30 sec or even more So if you try to open an order with market execution once click buy or sell the server will take a nap until execute this order so you won't get the same price you tried to execute. This problem occurred only on live account.
*How this broker will attract you? The answer with their very low spread and fast withdrawal.
*Be careful and never thing to invest a penny with this broker.
*See attached photo and you will understand my mentioned about re-quoting, take profit & stop loss.
forex_trader_2005796
Member Since Nov 25, 2020
42 posts
Apr 06, 2021 at 18:11
Best Broker, withdrawal in seconds with neteller.
My profile has accounts that I use for testing, for high earnings.
My profile has accounts that I use for testing, for high earnings.
Member Since Aug 27, 2017
121 posts
Jan 19, 2021 at 03:41
Just an update. I made my very first withdrawal of profit today from my RoboForex account and it only took 8 seconds for it to reflect on my Skrill account. So fast I can't believe it. I can completely say now that they are really legit.
Member Since Aug 27, 2017
121 posts
Jan 18, 2021 at 14:06
Qaz123 posted:What do you mean?
hello everyone..the broker is still scaring me...
Member Since Aug 27, 2017
121 posts
Jan 07, 2021 at 16:24
I've been with RoboForex for few years. Though I only experienced consistency with my trading a few months back. I haven't withdrawn any money yet as I plan to grow my account. So far, things are good. Their execution are fast. No issue with slippage and spreads. I have 2 standard accounts with them and a couple of demo accounts.
Member Since Jul 20, 2019
373 posts
Aug 03, 2019 at 14:18
Great broker with great bonus options! 😎
The only negative thing is the payment options:
Deposits are more and more restricted, same goes for withdrawals. First I used 'bank transfer' ('Sofortbanking') for deposits and 'ePayments' for withdrawals. But now I had to switch to 'Skrill' because all the other payment methods are not really working for me (too expensive). But because of the broker's deposit bonus it's okay now.
I just hope they won't change it again. 😉😇
The only negative thing is the payment options:
Deposits are more and more restricted, same goes for withdrawals. First I used 'bank transfer' ('Sofortbanking') for deposits and 'ePayments' for withdrawals. But now I had to switch to 'Skrill' because all the other payment methods are not really working for me (too expensive). But because of the broker's deposit bonus it's okay now.
I just hope they won't change it again. 😉😇
Member Since Aug 26, 2013
22 posts
Mar 08, 2018 at 05:59
ssn00 posted:
Hello
this broker's live chat is off and am unable to place any more trades via Expert Advisor!!!
Hello!
Chats are online. Additionally you can send us a message by the email or through the Member Area in the section 'Help'.
Sincerely, RoboForex
Mar 30, 2017 at 14:21
RBFX_Support posted:baschi posted:
Poor experience with the customer support. They don't tell where the mt4 servers are located, to buy a VPS near to them.
Hello!
Some IP-addresses of servers are available in the Technical support FAQ on Roboforex website.
Sincerely, RoboForex
Hello! then please advise your staff.
Thanks
Member Since Aug 26, 2013
22 posts
Mar 30, 2017 at 12:09
baschi posted:
Poor experience with the customer support. They don't tell where the mt4 servers are located, to buy a VPS near to them.
Hello!
Some IP-addresses of servers are available in the Technical support FAQ on Roboforex website.
Sincerely, RoboForex
Feb 25, 2017 at 18:19
Торгую на Робофорексе уже третий год. Всем доволен, вывод денег мгновенно, спреды в среднем на ЕСН 0.4. Очень интересные программы, бонусы, конкурсы. Гибкие условия подстроенные под клиентов. Список дополнительных услуг самый полный на сегодняшний день.
Есть только один момент который надо учитывать, при сильной волатильности рынка на сильных новостях проскальзывают стопы в среднем 10-15 пунктов.
Все остальные свои обязательства Робофорекс исполняет, благодарность за честную работу.
Есть только один момент который надо учитывать, при сильной волатильности рынка на сильных новостях проскальзывают стопы в среднем 10-15 пунктов.
Все остальные свои обязательства Робофорекс исполняет, благодарность за честную работу.
Member Since Aug 26, 2013
22 posts
Oct 13, 2016 at 07:44
ForExFighter posted:
Is this True that 'No Slippage on Stop Orders !' ?
Please tell me anybody ! 😐
Hello!
No, it is not true as stop orders are filled at actual market price at the moment of their execution which (the price) may differ from the one set in the order.
Sincerely, RoboForex
Member Since Jul 04, 2013
7 posts
Oct 13, 2016 at 06:10
Is this True that 'No Slippage on Stop Orders !' ?
Please tell me anybody ! 😐
Member Since Aug 26, 2013
22 posts
Oct 04, 2016 at 07:29
Hello!
The fixed spread in any account type is an artificial method of pricing. The rates of fixed spread are defined on the basis of average liquidity rates available to a broker at a particular time. Generally the liquidity for the majority of instruments is lower at night. Contract specifications always include the fixed spread rates the broker is ready to provide at the same level during the most liquid period of the day (9:00-22:00).
The fixed spreads out of this period may stay at the same level if the liquidity allows that, otherwise they change (the lower is the liquidity, the bigger is the spread) in accordance with the liquidity rate as it's stated by the item 6.6. of the Client Agreement.
Sincerely, RoboForex
The fixed spread in any account type is an artificial method of pricing. The rates of fixed spread are defined on the basis of average liquidity rates available to a broker at a particular time. Generally the liquidity for the majority of instruments is lower at night. Contract specifications always include the fixed spread rates the broker is ready to provide at the same level during the most liquid period of the day (9:00-22:00).
The fixed spreads out of this period may stay at the same level if the liquidity allows that, otherwise they change (the lower is the liquidity, the bigger is the spread) in accordance with the liquidity rate as it's stated by the item 6.6. of the Client Agreement.
Sincerely, RoboForex
forex_trader_250739
Member Since May 19, 2015
10 posts
Sep 30, 2016 at 07:58
Ok I'll wait and see if this new behaviour will stop😎
forex_trader_250739
Member Since May 19, 2015
10 posts
Sep 30, 2016 at 07:37
They have been the Best Broker providing the best trading conditions for Asia session on their ECN-Fixed spread, But recently this week 26-30 September 2016 they started widen their FIXED spread from 22:00 - 05:00 GMT+3😡. USDCHF normal 19points ==> 40points!!!😲 so their massage is clear 'Stop making Profit at these times!'. I will be withdrawing my money today😭.
Member Since Aug 26, 2013
22 posts
Aug 02, 2016 at 06:35
MountainKing posted:
...VPS 'not just for keeping but for the active trading' -- I ran Grid / Martingale Robots with > 70 trades a day -- this is no active trading? The trading volume they produced was according to your specifications.
All of a sudden min lot size 10x bigger; info in MT4 Terminal only.
Simply not interested in further 'Optimizations' of your system since i don't know what 'surprise' comes next.
Dear MountainKing.
The requirement for VPS is just a 3 lots. These conditions were decreased (was 5 lots) in November 2015 and have not been changed anymore.
Sincerely, RoboForex
Member Since Apr 03, 2013
27 posts
Aug 01, 2016 at 13:48
RBFX_Support posted:MountainKing posted:
RoboFX has changed conditions (VPS; min lot size). Bad for my Robots. They are now making money at better brokers.
Manual trading: I have to pay swap where others pay ME. So i am going to close my last open trades as soon as possible and withdraw the rest.
One positive thing: no problems withdrawing money last time (to neteller)
Hello!
The above-mentioned changes are made to optimize the system, as for the VPS-server it's still free of charge and it makes sense to provide it not just for keeping but for the active trading, thus the minimum trading volume won't be an obstacle for the practicing trader, concerning swaps, please, note that there are swap-free accounts but with a fixed commission. Probably that would be more convenient.
Sincerely, RoboForex
...VPS 'not just for keeping but for the active trading' -- I ran Grid / Martingale Robots with > 70 trades a day -- this is no active trading? The trading volume they produced was according to your specifications.
All of a sudden min lot size 10x bigger; info in MT4 Terminal only.
Simply not interested in further 'Optimizations' of your system since i don't know what 'surprise' comes next.
