RoboForex is a well-known international broker that provides access to over 12,000 trading instruments across 9 asset classes. With competitive spreads, fast execution speeds, and a choice of trading platforms, RoboForex caters to traders of all experience levels.
One of the most common questions when considering a new broker is – what is the minimum deposit? At RoboForex, the minimum deposit starts from just $10 for a Cent account. This makes the broker accessible even for beginner traders with limited capital.
In this comprehensive review, we take an in-depth look at the minimum deposits and account options available at RoboForex. Discover who this broker best suits based on trading style, experience level, deposit amount and more.
Overview of RoboForex Account Types
RoboForex offers 5 main account types to suit different trader profiles:
|Account Type||Minimum Deposit||Average Spreads||Leverage|
|Cent||$10||Variable||up to 1:2000|
|Mini||$100||From 1.2 pips||Up to 1:2000|
|Standard||$1,000||From 0.4 pips||Up to 1:500|
|ECN||$1,000||From 0 pips||Up to 1:200|
|Prime||$20,000||From 0 pips||Up to 1:100|
Below we explore each account in detail including spreads, commissions, leverage and more.
The Cent account is RoboForex’s offering for beginner traders looking to start small. With a minimum deposit of just $10, it provides an ultra-low barrier to entry.
This account uses variable spreads which are wider than fixed spreads. Currently average spreads are:
- EUR/USD – 3 pips
- GBP/USD – 4 pips
- USD/JPY – 3 pips
For traders making many short-term trades, the higher spreads will accumulate so this account works better for longer-term position trading.
Leverage up to 1:2000 is available on Forex pairs for the Cent account. This means your $10 deposit can control a position size of $20,000. However, leverage this high is extremely risky for new traders.
The Cent account does not charge any commissions. All costs come from the variable spreads.
Overall, the Cent account is an easy way to start live trading with a leading international broker for minimal capital. It suits beginner traders looking to keep risks low as they build skills and confidence. The higher spreads make it better for longer-term trades.
The Mini account reduces the minimum deposit to $100 and offers tighter fixed spreads. Average spreads are:
- EUR/USD – 1.2 pips
- GBP/USD – 1.4 pips
- USD/JPY – 1.2 pips
These spreads are competitive in the industry and make the Mini account well-suited to higher volume short-term trading. Scalpers and day traders who make multiple trades per day will benefit most from the lower spreads.
Leverage up to 1:2000 is also available on Forex pairs.
Overall, the Mini account is a great step up for novice traders looking for lower trading costs. The reasonable minimum deposit and fixed spreads create good conditions for active trading.
The Standard account increases the minimum deposit to $1,000 but offers further reductions in spread. Average spreads are:
- EUR/USD – 0.4 pips
- GBP/USD – 0.6 pips
- USD/JPY – 0.5 pips
These tight spreads make the Standard account ideal for high volume scalpers and algorithmic traders.
Leverage up to 1:500 is available on Forex pairs and 1:100 on some currencies.
With the higher deposit requirement, the Standard Account is better suited to experienced traders with larger accounts. The ultra-tight spreads reward high volume trading strategies.
RoboForex’s ECN account offers direct access to interbank liquidity through an Electronic Communications Network (ECN).
The minimum deposit is $1,000. Spreads often go as low as 0 pips by directly matching trades with liquidity providers.
Instead of spreads, a small commission is charged per trade. For Forex trades under 2 lots the commission is $3 per side. For larger size trades over 2 lots the commission is $2 per side.
Leverage up to 1:200 is available on Forex pairs and 1:50 on currencies.
Overall the ECN account provides the tightest spreads and most direct market access for high volume traders. The commissions charged make it more suitable for larger position sizes.
This account type best suits expert traders making large trades who value ultra-low latency spreads over minimized fees.
The Prime account is RoboForex’s premium offering designed for professionals and institutions. It has a higher minimum deposit of $20,000.
Spreads frequently reach 0 pips by sourcing liquidity from top tier banks and ECNs. Commissions are $2.5 per side for trades under 50 lots, and $2 per side over 50 lots.
Leverage up to 1:100 is available on currency pairs.
The Prime account offers an institutional grade trading experience with highly personalized support and solutions. A dedicated account manager provides VIP services and analytics.
This account is ideal for large fund managers, professional traders, and corporations needing premium market access and service. The high deposit, commissions and direct interbank spreads make it well-suited to trading large volumes.
Key Factors in Choosing a RoboForex Account
When selecting the optimal RoboForex account, key factors to consider include:
Minimum Deposit – Deposit requirements range from $10 for a Cent account up to $20,000 for a Prime account. Match an account to your available trading capital.
Spreads vs Commissions – Lower minimum deposits mean higher spreads, while commissions charged on higher-tier accounts offer ultra-tight spreads. Choose based on trading style and volume.
Leverage Needs – Cent accounts offer up to 1:2000 leverage, while Premium accounts max out at 1:100. Analyze your leverage needs based on account size and risk management.
Execution Method – ECN accounts provide direct market access while Cent accounts use a hybrid dealing desk model. Prioritize execution method depending on trading speed and precision needs.
Account Perks – Higher-tier accounts offer premium services, analytics, dedicated support and more. Evaluate extra services that may improve your efficiency.
Trading Style – Active scalpers need tight spreads on a Mini or Standard Account. Casual investors make the most of generous Cent Account leverage for long term trades. Match trading intensity to account features.
Experience Level – Beginners benefit from Cent accounts’ easy learning curve. Expert traders utilize specialized tools on ECN and Prime accounts. Choose based on existing skill level.
Considering these key factors in relation to your unique needs helps identify the ideal RoboForex account. We next analyze the best fits based on trader profile.
Best Account Choices Based on Trader Profile
The optimal RoboForex account differs based on your trader profile. Find recommendations below for beginners, scalpers, high volume traders and more.
Best for Beginners – Cent Account
For novice traders, the Cent Account provides the perfect entry point with an incredibly low $10 minimum deposit.
The high leverage up to 1:2000 also gives beginners with small accounts more flexibility in position sizing. This allows learning risk management through live trading while minimizing capital requirements.
While spreads are wider on Cent Accounts, this is a minor issue for long term investors who don’t trade frequently. The lower deposit and higher leverage make it ideal for beginners.
Best for Scalpers – Standard or Mini Account
Scalpers and active day traders require the lowest spreads to maximize profit on small incremental moves.
RoboForex’s Standard and Mini accounts offer fixed spreads as low as 0.4 pips together with up to 1:2000 leverage.
This combination minimizes trading costs while providing the leverage needed for active trading with small position sizes. For traders making 10+ trades daily, the discounts from tight spreads make Standard or Mini accounts the top choice.
Best for High Volume Traders – ECN Account
Experienced traders executing larger orders focus on direct market access and absolute lowest spreads.
RoboForex’s ECN account truly shines here by sourcing pricing directly from Tier 1 liquidity providers. Traders have access to spreads from 0 pips during active trading sessions.
The commissions charged are extremely competitive at just $2-$3 per side, and get lower with higher trade volumes. The ECN account’s direct market access provides the ideal environment for large professional traders.
Best for Long Term Investors – Cent or Mini Account
Casual investors holding positions for weeks or months don’t require the absolute lowest spreads. These traders want to minimize trading fees while benefiting from added leverage.
The Cent and Mini accounts match perfectly here by offering up to 1:2000 leverage together with either variable (Cent) or competitively low fixed (Mini) spreads.
The higher leverage amplifies returns over long hold times while keeping trading costs in check. Cent or Mini accounts are ideal for buy-and-hold trading or swing trading strategies.
Pros and Cons of RoboForex Accounts
Let’s summarize the core benefits and drawbacks associated with each main account type:
- Very low $10 minimum deposit
- Up to 1:2000 leverage provides flexibility for new traders
- No commissions keep costs low for infrequent trading
- Variable spreads are wider than fixed spreads
- Higher spreads add up for high volume trading
- Not suitable for active scalpers or algorithmic trading
- Reasonable $100 minimum deposit
- Fixed spreads from 1.2 pips makes frequent trading affordable
- Good combination of spread, leverage and minimum deposit for developing traders
- Spread may still be too wide for high speed algorithmic strategies
- Not directly connected to liquidity providers
- Ultra-tight fixed spreads from 0.4 pips
- Supports very active trading and scalping strategies
- Up to 1:500 leverage available
- $1,000 minimum deposit is higher barrier to entry
- No commission model may still have some spread markups
- Spreads as low as 0 pips during active trading
- Direct market access through liquidity providers
- Lower commissions for larger size trades
- $1,000 minimum deposit
- Commissions increase costs for small trade sizes
- Institutional grade spreads and liquidity access
- Dedicated support representative and services
- Discounted commissions for large volumes
- High $20,000 minimum deposit
- Commissions disadvantage smaller traders
- Exclusive perks may be overkill for casual traders
- Consider minimum deposit, spreads, commissions, leverage and special features
- Match account type closely to your specific trading style and sizing preferences
- Cent and Mini accounts offer greatest flexibility for new traders
- ECN account provides best pricing and speed for large volumes
- Contact broker support to determine your optimal fit if unsure
RoboForex Account Opening and Funding
Opening a RoboForex trading account is quick and intuitive across all account types:
Step 1 – Fill in personal info and accept T&Cs on website or app
Step 2 – Verify identity by uploading ID documents
Step 3 – Fund account through card payment or wire transfer
Step 4 – Receive account credentials and begin trading!
Convenient funding options include Visa, MasterCard, JCB and UnionPay cards, Skrill eWallet, and wire transfers.
To qualify for a specific account type simply fund the minimum deposit or more via your preferred method.
Start trading your style while keeping costs and complexity low.
FAQs about RoboForex Minimum Deposits and Account Options
What is the minimum deposit for a RoboForex account?
The minimum deposit varies based on RoboForex account type. It can be as low as $10 for a Cent account, up to $20,000 for a Prime account. Most recreational traders open Cent or Mini accounts with $10-$100 minimums.
Which account is best for beginners at RoboForex?
The Cent account is ideal for beginners thanks to its $10 minimum deposit and up to 1:2000 leverage. This combination provides an easy entry point to live trading while controlling risks for new traders.
What account type is best for scalping with RoboForex?
For active scalping, the Standard or Mini accounts offer the tightest fixed spreads from just 0.4-1.2 pips. This reduces costs for the high volume trades scalpers rely on.
Which account gives direct access to Forex liquidity providers?
RoboForex’s ECN account provides direct access to Tier 1 liquidity from global banks and institutions. Spreads frequently reach 0 pips through the ECN’s electronic execution.
Does RoboForex offer Islamic accounts with no swaps?
Yes, RoboForex offers swap-free Islamic accounts that comply with Sharia law. These accounts do not pay or charge overnight interest on positions held open.
Can I change between RoboForex account types?
Yes, you can seamlessly upgrade between account types at RoboForex by paying the difference in minimum deposit requirements. Contact support about a possible downgrade if needed.
The Final Word
RoboForex offers a range of account types to match all trader profiles. By keeping minimum deposits low while still providing active trading features, they remain accessible to all.
Beginner traders can open a Cent account for as little as $10 and benefit from up to 1:2000 leverage when starting out.
Expert scalpers receive institutional grade spreads from just 0.4 pips together with deep liquidity access through ECN execution.
Choose the account best aligned with your experience level, trading style, typical position sizing and deposit amount. RoboForex delivers an optimal trading environment for traders of all backgrounds.
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|
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