Looking for the best forex broker to trade currencies, CFDs, stocks, indices, commodities, and ETFs? With so many options to choose from, it can be overwhelming to try to determine which forex broker is right for you.
After extensive research comparing all the top brokers, one stands head and shoulders above the rest – RoboForex. There are many reasons RoboForex has emerged as the #1 forex broker this year. This comprehensive review will outline in detail what makes RoboForex the premier choice for trading in 2023.
Introduction to RoboForex
Founded in 2009, RoboForex is an award-winning broker regulated in several jurisdictions. They provide traders access to over 12,000 financial instruments across 9 asset classes on the popular MetaTrader 4 and MetaTrader 5 platforms.
With over 1.5 million clients across more than 180 countries, RoboForex has established itself as a trusted global broker. They offer some of the lowest spreads and commissions in the industry, advanced trading platforms, and robust research tools.
But what exactly makes RoboForex stand out from the crowded field of forex brokers? Let’s take a deep dive into the key factors that make RoboForex the #1 forex broker this year.
Wide Range of Traded Instruments
One of RoboForex’s biggest strengths is the variety of financial instruments available for trading. With over 12,000 instruments across 9 asset classes, traders can diversify and trade exactly what they want.
The key asset classes include:
- Forex: Major, minor and exotic currency pairs, up to 1:1000 leverage
- Stocks: US, UK, German, Russian stocks, up to 1:5 leverage
- Indices: S&P 500, Nasdaq 100, DAX 30, Nikkei 225, up to 1:20 leverage
- Commodities: Gold, silver, oil, gas, up to 1:20 leverage
- ETFs: Major ETFs on indices, commodities, bonds, up to 1:5 leverage
- Metals: Gold, silver, platinum, palladium
- Energies: Brent, WTI, gasoline, natural gas
- Bonds: US 10-year, UK Gilt, Euro Bund
This range covers all the major asset classes a trader could want access to. There is no need to open accounts at many brokers when you can trade forex, cfds, stocks, commodities, and more all from one RoboForex account.
Regulated Around the Globe
An important factor for any financial broker is proper regulation and licensing. RoboForex holds Belize FSC license No. 000138/437.
RoboForex is transparent about its regulation and keeps traders informed of any developments. Being regulated globally inspires confidence that the broker maintains high standards in operation, security of funds, data protection and more.
Ultra-Competitive Spreads & Commissions
A top priority for active traders is getting the lowest spreads and commissions possible. This reduces transaction costs and improves profitability per trade.
RoboForex offers some of the most competitive spreads and commissions in the retail forex brokerage industry:
Spreads
- EUR/USD from 0 pips
- GBP/USD from 0.2 pips
- USD/JPY from 0.2 pips
- Gold from 0.02 pips
- S&P 500 from 0.2 pips
Commissions
- Stocks from 0.01%
- CFDs from 0.5%
- ETFs from 0.1%
These ultra-tight spreads and low commissions give RoboForex traders an edge. Saving a fraction of a pip per trade can make a significant difference over the long run.
RoboForex also routinely runs promotional offers with reduced spreads/commissions to give added value to its clients.
Advanced Trading Platforms
The trading platforms and tools provided are critical to effectively analyzing markets and executing precision trades. RoboForex offers two powerful platforms developed by MetaQuotes Software:
MetaTrader 4 (MT4)
The globally popular MT4 platform needs no introduction. It provides an advanced charting package, extensive technical indicators, Expert Advisors (EAs) for automated trading, integrated trading signals, and more.
With this robust, customizable platform you can execute advanced trades like pending orders, stop losses, trailing stops and manage them easily.
MetaTrader 5 (MT5)
For traders wanting expanded capabilities, MT5 offers everything in MT4 plus more assets, timeframes, pending order types, depth of market (DOM) trading, and tools for fundamental analysis.
MT5 is ideal for trading stocks and ETFs with its integrated economic calendar and Reuters news feed. Get a complete package in one platform.
Both platforms are available on desktop, web, and mobile versions for convenience. Receive free VPS hosting for uninterrupted 24/7 access.
Copy Trading Available
For beginner traders or those wanting to complement their strategy, RoboForex offers copy trading services. You can copy trades from vetted experts with proven track records, taking the guesswork out of trading.
R Trades Copy is their own copy trading platform where you can browse, analyze, and auto-copy successful traders. Just pick who you want to follow, starting from a minimum $10 investment, and automatically copy every trade they make.
Extensive Trading Tools
Maximize your trading with the range of advanced tools provided by RoboForex:
- Trading Signals – receive trading ideas and signals directly in the MT4 and MT5 platforms.
- Trading Calculators – 18 calculators to assist with risk management, margin requirements, profit calculations and more.
- VPS Hosting – free virtual private server hosting for uninterrupted 24/7 access to your trading platforms.
- Forex Analysis – stay on top of market movements with fundamental, technical and quantitative analysis provided.
- Economic News Calendar – integrated calendar in MT5 keeps you up to date on key economic events.
- Autochartist – scans markets to detect technical chart patterns and trading opportunities.
RoboForex ensures you have everything required to take your trading to the next level.
Seamless Deposits and Withdrawals
Efficiently funding your account and withdrawing profits is a vital part of the trading experience. RoboForex offers flexibility in moving money in and out:
Deposit Methods
- Bank Transfer
- Visa/Mastercard
- Neteller
- Skrill
- WebMoney
- FasaPay
- And more
Withdrawal Methods
- Bank Transfer
- Visa/Mastercard
- Neteller
- Skrill
- WebMoney
- FasaPay
- And more
With support for credit cards, e-wallets, and bank wires, you have options for quick, easy funding. Withdrawals are processed within 1 business day so you get access to your money fast.
Generous Bonus Programs
Who doesn’t like getting a little free money? RoboForex runs frequent bonus promotions so traders can get extra trading funds.
Types of bonuses include:
- Welcome Bonus – up to 115% on your first deposit
- Rebate Bonus – cashback on every trade executed
- Loyalty Bonus – rewards for ongoing trading
- Trade Bonuses – bonuses on specific instruments or volume traded
Read terms and conditions closely, but properly utilized, bonuses can give your trading account balance a healthy boost!
Fast, Multilingual Customer Support
RoboForex provides customer service that is responsive, empathetic, and solution-oriented. Get support through:
- 24/5 dedicated Live Chat
- Email support
- Detailed FAQs resource
Support is available in 13 languages including English, Spanish, Chinese, Thai, Indonesian and more.
Their support team has a reputation for being knowledgeable, friendly, and quick to resolve issues properly. You’re in good hands.
Conclusion
When conducting extensive research to determine the top forex brokers, RoboForex stands out from the pack. With competitive spreads/commissions, globsal regulation, advanced trading platforms, generous bonus programs, and multilingual support, they have everything a trader needs.
The credibility built over their 13+ years in business solidifies RoboForex as a reputable, trusted broker. If looking for a reliable broker to unlock your trading potential, RoboForex is the answer. Open an account today and discover why RoboForex is the definitive #1 forex broker this year.
Frequently Asked Questions
Is RoboForex properly regulated?
Yes, RoboForex holds Belize FSC license No. 000138/437. This ensures they operate at the highest standards when handling client funds and data.
What trading platforms does RoboForex offer?
RoboForex provides the globally popular MetaTrader 4 and MetaTrader 5 trading platforms. Both are available on desktop, web, and mobile for convenience. They also offer their proprietary R Trades Copy copy trading platform.
How do I deposit and withdraw money from RoboForex?
RoboForex supports deposits and withdrawals via bank wire, credit/debit cards like Visa and Mastercard, and e-wallets like Skrill and Neteller. This provides flexibility in swiftly funding your account and withdrawing profits.
Is customer service available in multiple languages?
Yes, RoboForex provides 24/5 multilingual customer service in 13 languages including English, Spanish, Thai, Chinese, Indonesian and more. Their team is known for friendly, effective support.
What trading tools does RoboForex offer?
RoboForex provides trading signals, calculators, VPS hosting, analysis, economic calendar, AutoChartist pattern recognition, and more. These advanced tools help traders make informed decisions and optimize their trading.
How do I choose the right account type for me at RoboForex?
RoboForex offers 3 main account types – Cent Account requiring a $10 minimum deposit, Standard Account with $100 deposit minimum, and ECN Account with $500 minimum. The ECN account offers the tightest spreads. Assess your capital, needs, and experience to determine the right fit.
Best and Most Trusted Forex Brokers
Based on regulation, award recognition, mainstream credibility, and overwhelmingly positive client feedback, these six brokers stand out for their sterling reputations:
| No | Broker | Regulation | Min. Deposit | Platforms | Account Types | Offer | Open New Account |
|---|---|---|---|---|---|---|---|
| 1. | RoboForex | FSC Belize | $10 | MT4, MT5, RTrader | Standard, Cent, Zero Spread | Welcome Bonus $30 | Open RoboForex Account |
| 2. | AvaTrade | ASIC, FSCA | $100 | MT4, MT5 | Standard, Cent, Zero Spread | Top Forex Broker | Open AvaTrade Account |
| 3. | Exness | FCA, CySEC | $1 | MT4, MT5 | Standard, Cent, Zero Spread | Free VPS | Open Exness Account |
| 4. | XM | ASIC, CySEC, FCA | $5 | MT4, MT5 | Standard, Micro, Zero Spread | 20% Deposit Bonus | Open XM Account |
| 5. | ICMarkets | Seychelles FSA | $200 | MT4, MT5, CTrader | Standard, Zero Spread | Best Paypal Broker | Open ICMarkets Account |
| 6. | XBTFX | ASIC, CySEC, FCA | $10 | MT4, MT5 | Standard, Zero Spread | Best USA Broker | Open XBTFX Account |
| 7. | Vantage | ASIC, CySEC, FCA | $50 | MT4, MT5 | Standard, Cent, Zero Spread | 20% Deposit Bonus | Open Vantage Account |
| 8. | FXTM | FSC Mauritius | $10 | MT4, MT5 | Standard, Micro, Zero Spread | Welcome Bonus $50 | Open FXTM Account |
| 9. | FBS | ASIC, CySEC, FCA | $5 | MT4, MT5 | Standard, Cent, Zero Spread | 100% Deposit Bonus | Open FBS Account |
| 10. | Binance | DASP | $10 | Binance Platforms | N/A | Best Crypto Broker | Open Binance Account |
| 11. | TradingView | Unregulated | Free | TradingView | N/A | Best Trading Platform | Open TradingView Account |
“If you don't find a way to make money while you sleep, you will work until you die.”
- Warren Buffett
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