RoboForex is a well-known international broker that provides traders access to over 12,000 instruments across 9 asset classes. One of the standout features of RoboForex is their accounts with ultra-low spreads, making them an attractive option for active traders looking to minimize trading costs.
In this comprehensive RoboForex review, we will take an in-depth look at their low spread account offerings to help you determine if they are the right fit for your trading needs.
An Overview of RoboForex
RoboForex was founded in 2009 and is regulated in several jurisdictions, including the FSC. They offer access to forex, commodities, indices, stocks, ETFs, and CFD markets.
Some key features of RoboForex include:
- Ultra-low spread accounts available
- Leverage up to 1:2000
- Minimum deposit starts from $10
- MT4 and MT5 trading platforms supported
- Accepts credit/debit cards, bank transfers, e-wallets
- Available as web, desktop and mobile trading platforms
In this review, we will focus specifically on evaluating their low spread account choices.
RoboForex’s Accounts with Ultra-Low Spreads
RoboForex offers several account types to suit different trading styles and experience levels. Their low spread accounts are ideal for active traders looking for tight variable spreads.
Here is an overview of the accounts with ultra-low spreads:
ECN Account
- True ECN spread from 0 pips
- Commission per lot
- Minimum deposit $100
- Leverage up to 1:500
- VPS hosting available
- For experienced traders
ECN Pro Account
- ECN spreads from 0 pips
- Lower commission per lot
- Minimum deposit $500
- Leverage up to 1:300
- VPS hosting available
- For professional traders
Prime Account
- Fixed spreads from 0 pips
- Commission per lot
- Minimum deposit $500
- Leverage up to 1:200
- For professional traders
Next, let’s take a deeper look at the key features and benefits of each low spread account option.
ECN Account
The ECN account provides direct access to tier 1 liquidity providers through an electronic communications network (ECN). This results in ultra-low variable spreads starting from 0 pips.
Traders pay a commission per lot traded rather than widened spreads. At $100, the minimum deposit required is lower compared to the ECN Pro and Prime accounts.
Some benefits of choosing the ECN account include:
- Extremely tight spreads allow taking advantage of smallest price movements
- Lower trading costs overall compared to regular accounts with wider spreads
- Access to interbank liquidity and latest market prices
- High liquidity makes it easier to get in and out of positions swiftly
- No dealing desk intervention provides unbiased pricing and execution
- VPS hosting helps maintain optimal trading conditions 24/7
The ECN account is ideal for experienced traders seeking the lowest spreads and transparent ECN trading conditions. The affordable minimum deposit makes it accessible to traders with smaller accounts.
ECN Pro Account
The ECN Pro account provides similar direct access to tier 1 liquidity as the standard ECN account. It offers ultra-tight ECN spreads from 0 pips charged per lot.
It requires a higher minimum deposit of $500. In return, traders benefit from lower commissions per lot compared to the regular ECN account.
The maximum leverage is reduced to 1:300 with this account type. VPS hosting is also included as standard.
Key advantages of the ECN Pro account:
- All the benefits of true ECN trading with raw spreads
- Lower commission per lot compared to regular ECN account
- Higher leverage than Prime account while still being reduced risk
- VPS hosting improves reliability for advanced traders
- Caters well to professional and institutional traders
The ECN Pro account is ideal for professional and active traders seeking the optimal balance of low spreads and costs.
Prime Account
The Prime account provides fixed ultra-low spreads from 0 pips on major currency pairs. This account charges commissions per lot traded instead of passing on widened spreads.
It requires a $500 minimum deposit and offers a maximum leverage of 1:200. The reduced leverage promotes responsible trading.
Benefits of the Prime account:
- Provides certainty of fixed low spreads on major forex pairs
- Avoids volatility of variable spreads while still being ultra-low
- Lower commissions compared to regular fixed spread accounts
- Reduced leverage enforces disciplined trading
- Well-suited to professional traders who value certainty
The Prime account appeals to professional traders seeking fixed ultra-tight spreads and reduced trading costs without the variable spreads.
Key Features and Tools of RoboForex Accounts
RoboForex provides access to a suite of trading platforms, tools and features to complement their low spread account offerings. Let’s explore some of the key benefits traders get with these accounts:
Trading Platforms
RoboForex supports the popular MetaTrader suite of platforms:
- MT4 – The industry standard platform packed with tools and indicators for analysis. Available on desktop, web and mobile.
- MT5 – Provides everything in MT4 plus more advanced features like additional timeframes and more pending order types.
- MetaTrader Supreme Edition – This custom package offers additional features like an integrated news feed, sentiment indicators, email and push alerts and more.
Having access to MetaTrader 4 and 5 across devices ensures traders can utilize the highly-customizable platforms and advanced charting.
Market Execution
RoboForex accounts offer fast market execution with their spread accounts having average execution speeds of 0.4 seconds. This ensures traders can capitalize on opportunities swiftly.
Trading Instruments
RoboForex provides access to over 12,000 trading instruments including:
- 170+ Currency Pairs
- Indices like US30, GER30, JP225, UK100, EUSTX50
- Commodities like gold, silver, oil, natural gas
- Stocks like Facebook, Apple, Google, and Amazon
Their ECN infrastructure ensures tight spreads across this wide range of markets.
Account Currency
RoboForex accounts are available in USD, EUR, GBP, CHF, RUB, BTC base currencies so traders can select an account denominated in their preferred currency.
Trading Tools
Advanced trading tools provided include:
- Expert advisors for automated trading
- VPS hosting for uninterrupted access
- Trading signals and copy trading through their Pro-Invest service
- Spread monitoring and notifications
- Built-in technical analysis with 80+ indicators and charts
- Economic calendar and trading calculator apps
Customer Support
RoboForex provides customer service 24 hours a day, 5 days a week via live chat, phone, email and an online contact form. Support is available in English, Indonesian, Chinese, Thai and Spanish.
Security
RoboForex utilizes secure SSL encryption and industry data protection standards. Segregated client accounts with European banks help keep funds safe.
Pros and Cons of RoboForex Low Spread Accounts
Let’s summarize some of the key advantages and any potential drawbacks of using RoboForex’s accounts with ultra-low spreads:
Pros
- Ultra-low spreads from 0 pips on major currency pairs
- True ECN spreads for direct market access
- Lower trading costs from competitive commissions over spreads
- Fast execution speeds under 0.5 seconds
- Choice of fixed or variable spreads
- Advanced MetaTrader trading platforms supported
- Access to extensive trading instruments and markets
- Wide selection of base account currencies
- VPS hosting and advanced trading tools included
- Secure trading infrastructure and segregated accounts
Cons
- Higher minimum account balances required for ECN Pro and Prime accounts
- Commission fees apply instead of spread markups
- Not available to traders in the USA and some other countries
- Limited product portfolio compared to larger international brokers
While the higher minimum balances and commissions may deter some traders, overall RoboForex provides reputable low spread accounts with competitive trading conditions.
Who Are RoboForex Low Spread Accounts Best For?
RoboForex’s accounts with super-tight spreads are best suited to:
- Active traders – The low spreads and fast execution benefit high volume traders to reduce transaction costs
- Experienced traders – Direct market access suits knowledgeable traders who understand ECN trading
- Scalpers – The fast execution speeds support successful scalping strategies
- Day traders – Tight spreads minimize the bid-ask spread impact intraday
- High frequency traders – Reduced latency provides advantage for algorithmic trading
- Professional traders – ECN Pro and Prime accounts cater well to full-time traders
- International traders – Traders outside the US can access RoboForex’s low spreads
RoboForex provides suitable accounts to match different trader backgrounds and styles looking to benefit from ultra-low spreads and true ECN conditions.
Opening an Account with RoboForex
Opening a RoboForex account is a quick and easy process:
- Visit their website and click “Open Account”
- Select your preferred account type – ECN, ECN Pro or Prime
- Complete the short registration form with your details
- Verify your identity by uploading ID documents
- Fund your account via credit card, bank transfer or e-wallet
- Download the MetaTrader platform and log in
- Set up your account details within the platform
- Start trading with ultra-low spreads!
The online application takes just a few minutes. Approval is usually very fast allowing you to begin trading the tight spreads.
FAQs About RoboForex Low Spread Accounts
Let’s answer some frequently asked questions about RoboForex’s accounts with ultra-low spreads:
What is the minimum deposit for a RoboForex low spread account?
The minimum deposit is $100 for the ECN account, $500 for ECN Pro and Prime accounts.
What fees are there for low spread accounts?
They charge a competitive commission per lot instead of widened spreads. ECN Pro has lower commissions than the regular ECN account.
Does RoboForex accept US clients?
Unfortunately RoboForex does not currently accept clients from the United States. Their low spreads accounts are available to most other countries.
Does RoboForex offer an Islamic account?
Yes, their Islamic account has ultra-low spreads and complies with Sharia law by having no swaps or rollover fees charged.
Can I use Expert Advisors and robots on low spread accounts?
Yes, EAs, robots and automated trading are supported on all account types including the low spread accounts.
Is a VPS provided for low spread accounts?
VPS hosting is included with the ECN and ECN Pro accounts allowing optimal trading conditions 24/7.
Do they offer demo accounts?
Yes, RoboForex provides a demo account with $10,000 virtual money so traders can test their low spread accounts risk-free.
RoboForex Review Conclusion: Low Spreads Stand Out
Our extensive review finds that RoboForex delivers on providing ultra-low spread accounts that give traders access to institutional-grade liquidity and conditions.
Their ECN, ECN Pro and Prime accounts offer both fixed and variable spreads from 0 pips on major forex pairs and across 12,000+ global markets.
By focusing on tight raw spreads over headline leverage, RoboForex targets their accounts at active and professional traders for whom low spreads make a significant impact.
The overall costs become very competitive when combining the tight spreads with reasonable commissions. Execution speeds are fast to support scalpers and high frequency traders.
While the product range is not as extensive as larger rivals, RoboForex focuses on providing top-tier trading infrastructure centered around low spreads.
For traders outside the US seeking genuine ECN trading and the lowest possible spreads, RoboForex delivers compelling accounts to consider.
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
![FXCore100-EA-[UPDATED]](https://bestmt4ea.com/wp-content/uploads/2021/01/FXCore100-EA-UPDATED-300x300.jpg)
Top Forex Brokers
MOST POPULAR FOREX ROBOT
Number One Robot for Forex Trading.
Based on Price Action and Trend Analysis with Artificial Intelligence.
Works Best with EURUSD & XAUUSD.
You can use this EA on Multiple Accounts with Life Time Premium Support.
MyFXbook, FxBlue & Live Trading Verified.
Monthly Expected Profit is 20% to 200% with very Less Drawdown.
check daily trading result
We will post our trading result daily on our channel. Please join our channel for daily updates.
