RoboMarkets ⚡️ Broker Review - 2020 | We Compare Brokers

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RoboMarkets Broker Review

Review By: Alan Little Review Updated: June 16, 2020

Address: RoboMarkets Promachon Eleftherias 19, Limassol 4103 Cyprus

Forex ETF Stocks CFD Crypto Commodities

Spread

1

Max. Leverage

1:300 Pro

Deposit Protection

£50,000

Min. Deposit

£100

Spread

1

Max. Leverage

1:300 Pro

Deposit Protection

£50,000

Min. Deposit

£100

Spread

0.6

Max. Leverage

1:300 Pro

Deposit Protection

£50,000

Min. Deposit

£100

Spread

1

Max. Leverage

1:30

Deposit Protection

£50,000

Min. Deposit

£100

Spread

1

Max. Leverage

1:300 pro

Deposit Protection

£50,000

Min. Deposit

£100

Our Overall Rating

Rating 4

RoboMarkets is an award-winning, international, multi-asset broker, based in Cyprus. The firm has been in operation since 2012 and now offers eight different asset types and over 11,700 instruments. RoboMarkets is regulated by CySEC and is a member of the Investment Compensation Fund of Cyprus. It is also registered as a legal investment company in 29 European countries, with oversight from relevant authorities in those countries, including the FCA in the UK, and BaFin in Germany. This broker also offers negative balance protection and is covered by the Civil Liability Insurance Policy for Forex Brokers.

Commissions & Fees

Rating

RoboMarkets offers a few different account types, and commissions and fees will depend on the type of account you open. Both the pro-standard account and the pro-cent account offer floating spreads from 1.3 pips, with no commissions for up to USD1 million trading volume. The ECN-Pro NCC and the Prime Account both offer floating spreads from 0.0 pips but also levy a commission, which varies between instruments. The R Trader Account also offers a commission-based model, with spreads from 0.0 pips on Forex and Cryptocurrencies, although spreads are higher on other instruments.

Platforms & Tools

Rating

RoboMarkets offers the ever-popular MT4 platform, along with the MT5, and as MetaTrader users will already know, these platforms offer a highly sophisticated, user-friendly and customisable option for traders at all levels, allowing for mobile trading, and trading from multiple devices. The standard MT4 platform includes three types of order execution and over 50 embedded technical indicators, along with the opportunity for automated trading, algotrading and integrated fundamental analysis, via news and alerts regarding financial market events. The firm also offers the very user-friendly and flexible R Trader platform, which also offers full access to all instruments.

Customer Service

Rating

The firm offers excellent customer support and was awarded the title of Best Client Service Forex, in Europe, at the 2019 Global Brands Awards. Responsive, multilingual customer support is available 24/7 and can be easily accessed by phone or email. You can also complete a form on the website, if you are happy with an electronic response, or request a call back, if you need to speak to someone directly. There are local phone numbers for many European countries, all listed in the contact section of the website. There is also a very comprehensive client FAQ section on the website, which is a good first stop if you have general questions about trading with RoboMarkets.

Regulatory details

Final Thoughts

RoboMarkets is a highly-respected broker with a wide range of assets and instruments. The company is fully authorised and regulated across several jurisdictions and offers ICF compensation, negative balance protection, and civil liability insurance. There is a great choice of account types, although this does mean that you will need to look closely at what is on offer to determine what’s best for you. There is also a demo account if you would like to try the platform out before making a commitment. A strong commitment to client protection, along with solid trading platforms and award-winning customer service, certainly make RoboMarkets an attractive option.

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