We performed our tests on an R StocksTrader account using the web-based R StocksTrader platform and the R MobileTrader app. The account was opened with the RoboMarkets Ltd entity of the broker. Some features and services may vary depending on where you reside and which entity you open an account with.
RoboMarkets is an Over-the-Counter (OTC) derivatives broker founded in 2012 and headquartered in Limassol, Cyprus. The company comprises two entities with top-tier licensing and regulation. The broker has also issued an indemnity insurance, which is yet another example of its safety and reliability. RoboMarkets is the main sponsor of the German football side Eintracht Frankfurt and is a regular attendee at trading seminars and exhibitions.
I evaluated RoboMarkets’ trading fees and assessed them to be, generally, two times below the industry average. Another thing I appreciated about the broker is its extremely versatile R StocksTrader platform available on the web and mobile. In addition, RoboMarkets incorporates the popular MetaTrader 4&5 and provides VPS hosting for automated trading.
RoboMarkets offers 6 retail account types that are very diverse and suitable for the implementation of a wide variety of trading strategies, including hedging, netting, intraday, and day trading. Traders can choose from more than 12,000 trading instruments from different asset classes, most of which are share CFDs and ETFs. The broker also provides reliable customer support and the possibility to deposit and withdraw funds charge-free.
I, however, assessed RoboMarkets’ average execution speeds of over 200 milliseconds to be quite slow. The broker’s services are thus less suitable for high-frequency trading like scalping. Additionally, RoboMarkets has quite a limited offering of educational content.
Both beginner and advanced traders can benefit from RoboMarkets’ very low trading fees and choice of platforms, though the former have to look for educational content elsewhere. RoboMarkets also caters to the needs of both high-frequency and high-volume traders, though, because of its slow execution speeds, this is less relevant for scalpers.
RoboMarkets’ offering is also especially well-suited for algorithmic traders. RoboMarkets offers Virtual Private Server (VPS) hosting for a monthly fee of $10, which is relatively low. Its platforms are integrated for algo trading, and the broker has also built an excellent proprietary strategy builder tool.
What separates RoboMarkets from other brokers is its R StocksTrader Strategy Builder tool. It allows traders to easily develop strategies for automated trading without having to have a lot of coding skills. I particularly appreciated that the available historical data goes back to 1970 so that you can use more than half of a century’s worth of price action to construct strategies for every market condition.
|☑️ Regulations||CySEC (Cyprus)|
|🗺 Supported Languages|
English, Latvian, Polish, Czech, Estonian, Hungarian, Italian, Spanish, Croatian, Lithuanian, Swedish, German
|💰 Products||Currencies, Stocks, Indices, Commodities, Futures|
|💵 Min Deposit||$100|
|💹 Max Leverage||1:30 (CySEC )|
|🖥 Trading Desk Type||Dealing Desk|
|📊 Trading Platforms||R Mobile Trader, R StocksTrader, MT5, R WebTrader, MT4, TradingView|
|💳 Deposit Options||Sofort, Wire Transfer, Neteller, iDeal, Skrill, Debit Card, Credit Card, Rapid Transfer, Giropay, PayPal, Trustly|
|💳 Withdrawal Options||Sofort, Wire Transfer, Neteller, iDeal, Skrill, Debit Card, Credit Card, Rapid Transfer, Giropay, PayPal, Trustly|
|🤴 Demo Account||Yes|
|🗓 Foundation Year||2012|
|🌎 Headquarters Country||Cyprus|
RoboMarkets is a tightly regulated and very transparent broker. It’s authorized by two top-tier regulators, has issued private indemnity insurance, and operates on a ‘best execution’ principle. RoboMarekts adheres to all essential MiFID II requirements and can be regarded as a very safe broker.
In our reviews, we examine the licenses and regulations of each entity operated by a broker. This allows us to compare their different levels of protection. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation.
This is what I discovered about RoboMarkets:
We have summarized the most essential aspects of RoboMarkets in terms of regulation and safety in the table below:
|Entity Features||RoboMarkets Ltd||RoboMarkets Deutschland GmbH|
|Country/Region||Cyprus / Limassol||Germany / Frankfurt am Main|
|Negative Balance Protection||Yes||Yes|
|Compensation Scheme||Up to EUR 20,000 under ICF + up to EUR 2,500,000 under Civil Liabilities Insurance||Up to EUR 20,000 under AnlEntG|
Brokers operate multiple entities because it allows them to serve clients worldwide. However, licenses obtained by regulators in different jurisdictions do not always entail the same degree of protection. Some regulators mandate compliance with the strictest financial frameworks, whereas others are less rigid. That is why traders need to familiarize themselves with the safety mechanisms ensured by the entity they want to open an account with beforehand.
Here is what you need to be looking for in a broker in terms of safety mechanisms:
In addition to the above-mentioned safety features, RoboMarkets has also issued a best execution policy, which is a legal mandate requiring the broker to provide its clients with the most favorable price feeds under prevailing market conditions. The broker has access to a deep liquidity pool from 3 different providers, and it is also periodically audited internally and externally. I also learned that RoboMarkets has a two-step authentication.
In summary, all of these factors, plus RoboMarkets’ compliance with MiFID II regulation, make it a safe broker to trade with.
In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focus on how long the broker has been in business, how big the company is, and how transparent it is in terms of readily available information.
I checked RoboMarkets’ legal documents, website info, and other general features and determined that the broker is fairly transparent without any glaring issues. I quite liked that you can read crucial business information from the website, such as where the company is registered (under which institutions), how many liquidity providers it has, and who audits it.
Additionally, I appreciated that RoboMarkets’ platform displays the spread rate between an instrument’s bid and ask prices so that you do not have to calculate the difference yourself.
In summary, my research indicates that RoboMarkets can be regarded as having a very good level of trust and stability due to the following factors:
RoboMarkets’ spreads are generally below the industry average. Its commissions are volume-based and could be as much as two times lower than the industry average. RoboMarkets’ swaps vary. The broker also affords cost-free deposits and withdrawals. Its inactivity fee is minimal. Swap-free trading is also possible.
I tested RoboMarkets’ spreads during the most actively traded times – the London open at 8:00 a.m. GMT and just after the U.S. open at 2:45 p.m. GMT. The test was conducted on 3 October 2023. The results are shown in the table below:
|Instrument||Live Spread AM||Live Spread PM|
|EURUSD||0.3 pips||0.2 pips|
|GBPJPY||0.9 pips||1.2 pips|
|Gold (XAUUSD)||3 pips||3 pips|
|Crude Oil||0.02 pips||0.03 pips|
|Dow Jones 30||1.60 basis points||1.6 basis points|
|Germany 40||1.60 basis points||1.5 basis points|
When broken down by asset class and compared to the industry average, the broker offers low spreads on FX pairs, commodities, and share CFDs, and low-to-medium spreads on indices. The recorded spreads on gold and crude oil are especially low.
A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.
The values listed below are for one full contract (100,000 units) of the base currency.
|Instrument||Swap Long||Swap Short|
|EURUSD||Charge of $12||0|
|GBPJPY||Credit of $3.18||Charge of $20.48|
The recorded swaps are low-to-average compared to the industry average.
RoboMarkets charges volume-based commissions that vary across its several account types. For the R StocksTrader account, the commission rate depends on the type of instrument and quantity that are traded. There is a $1.5 single-turn ($3 round-turn) commission per traded lot on FX Majors. This is twice as low as the industry average of $6 per lot.
As a whole, I assessed RoboMarkets’ commissions (on the R StocksTrader account) to be very low on FX pairs, low-to-average on commodities, average on share CFDs, and high on indices.
In general, RoboMarkets affords charge-free deposits and only a couple of cost-free withdrawal options. But twice a month, you can withdraw funds without a handling fee via any available payment system.
If you don’t use your account for 6 months, the company labels it as inactive. A $5 maintenance fee will be charged every 6 months on the leftover balance until it hits $0 or you start using the account again. For comparison, most other brokers charge higher inactivity fees not semi-annually but each month.
RoboMarkets’ combination of low floating spreads and generally low commissions is quite competitive. It is suitable for both high-frequency and high-volume trading. I consider this pricing mechanism suitable for implementing most types of trading strategies.
I have compiled the table below to help you better understand the different costs associated with each of RoboMarkets’ main retail account types.
The table illustrates the spreads and commissions I have recorded on the EUR/USD pair across the several account types. It shows how much you will have to pay to trade 1 full lot (100,000 units) on the EUR/USD with a pip value of $10.
To calculate the cost of such a full-sized trade, I used this formula: spread x pip value + commission.
|Account Type*||Spread||Commission**||Net Cost|
|R StocksTrader||0.2 pips||$3||$5|
*The numbers in this chart are only illustrative and subject to change
My tests indicate that executing such a position across most of RoboMarkets’ accounts costs between $4 – $6, which is twice as low compared to the industry average of $10. The only account type that exceeds this benchmark is the Pro account.
RoboMarkets has a user-friendly and highly intuitive proprietary platform called R StocksTrader. It has web-based and mobile app versions. The broker also incorporates the renowned MetaTrader 4&5, and TradingView. RoboMarkets is especially well-suited for algorithmic trading due to its multifaceted features.
RoboMarkets’ proprietary platform allows traders to choose between one-click and double-click trading. The former is suitable for high-frequency trading, while the other is preferred by more risk-averse traders. You can also choose between netting and hedging regimes.
R StocksTrader is very detailed, and you can gather quite a lot of information about its features. I like that commission and spread info are highlighted so that you can calculate your potential costs before opening a position.
As I said above, my impression of RoboMarkets is that it’s especially well-suited for algorithmic trading. The R StocksTrader platform comes with an excellent in-built strategy tester, which does not require much coding skills. The broker also affords VPS hosting.
The R MobileTrader is a very light app that is easy to navigate. It can be used for simplified order execution. I also liked that it is fully integrated with RoboMarkets’ research features so that users can stay informed about current market developments even on the go.
Last but not least, RoboMarkets’ clients (with R StocksTrader accounts) can also use the seamless TradingView platform, which, in my estimation, ranks among the top 3 platforms in the industry. It boasts hundreds of technical indicators and drawing tools, and scrutinizing price action on it is as easy as it could be. TradingView also comprises the largest social trading community in the world.
The R StocksTrader platform has a very familiar outlook. Charts are positioned in the middle and order execution info can be found on the left. The strategy builder and account info are found at the bottom of the window.
I appreciated the inclusion of a search bar, making it easier to navigate through RoboMarkets’ extensive lineup of over 12,000 tradable assets. However, the platform falls short by lacking an alert feature. Another drawback is its limited integration with RoboMarkets’ research material; traders have to visit the client member area to stay updated on current opportunities.
I consider the chart screen as a platform’s key feature, essential for successful technical analysis of even minor price changes. A good chart should not only display price action clearly but also offer easy scaling and a wide array of technical tools for comprehensive analysis.
My overall impression of R StocksTrader’s charts is a mostly positive one. It’s flexible and easy to use, making it quite suitable for conducting probing technical analysis.
I have broken down the available analytical tools and chart configurations below
I have broken down the available order types on the R StocksTrader platform below:
My overall impression of the R StocksTrader platform was positive. First, I tested its practicality with respect to the number and type of strategies that can be implemented. Given its professional-grade strategy tester tool and the availability of VPS hosting, I concluded that the platform is best suited for algorithmic trading.
The platform also supports one-click trading and low timeframes (thick and 1-sec), which is ideal for scalping, whereas the double-click setting is tailored for more risk-averse traders. I had fun manipulating price action by scaling it up and down and found R StocksTrader’s charts to be very versatile. This is ideal for carrying out sophisticated technical analysis. However, I was surprised at the extremely low number of drawing tools.
RoboMarkets’ mobile app affords traders quick and easy access to the market on the go. It is very useful when you have to check the performance of your running positions and, if necessary, make adjustments. The market is volatile and ever-changing, so staying on top of the latest developments with the user-friendly R MobileTrade app is made easy.
You can use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades. The app is highly customizable, and it makes price action analysis as enjoyable as it could be on a low-resolution device.
Though mobile trading apps are generally more limited than their web or desktop counterparts, I quite enjoyed exploring RoboMarkets’ app, which boasts a pleasing design.
I concluded that integrating RoboMarkets’ market analysis and trading ideas into the app is smart; it’s convenient for traders to stay updated on the go. I also appreciated how easy it is to open and close trades through the app and make adjustments, such as implementing a trailing stop to an existing position.
My professional advice is to carry out your technical analyses on wide-screen devices and to use the app to access RoboMarkets’ excellent research materials or to adjust your open trades.
RoboMarkets offers access to over 12,000 instruments from different asset classes, such as FX pairs, commodities, indices, share CFDs, ETFs, and futures. By far, the greatest diversity can be found among share CFDs and ETFs, which is why RoboMarkets has tailored its other services to cater to the needs of stock traders.
*The diagram above is part of the FX Empire Review Format and is not related to the RoboMarkets.
Contracts for difference (CFDs) are derivatives used to speculate on the price of the underlying asset without physical delivery. For example, a long position on gold would generate profit as the price rises or incur a loss as it falls, all without the need to purchase actual gold bars. One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative.
I have broken down the available instruments by asset class:
|EURUSD | GBPJPY | USDJPY | NZDUSD | CHFJPY | EURAUD||Gold | Crude Oil | Silver | Brent Oil|
|Shares & Share CFDs||Indices|
|Apple | Tesla | Microsoft | Alphabet | Meta | Barclays | HSBC | Alcoa||US 30 | US 100 | Nasdaq 100 | Germany 40 | Spain 35 | Japan 225 | France 40|
|Nasdaq 100 E-Mini | S&P 500 E-Mini | Dow Futures Mini|
Compared to the broader industry, RoboMarkets provides access to a very high number of share CFDs and ETFs, an average amount of FX pairs and indices, and a very low amount of commodities.
RoboMarkets shines in its extensive range of share CFDs and ETFs, making up over 90% of its offerings—mostly focused on U.S. and European markets. This makes it an attractive choice for European traders looking to invest in the world’s two largest markets.
On the downside, their metal CFDs are limited to gold and silver. Despite offering some of the industry’s lowest gold spreads (around 3 pips during my review) and commission-free trading, I expected a broader metal CFDs selection.
In summary, RoboMarkets excels in offering a wide array of tradable instruments, particularly in higher-risk, high-yield assets.
The broker offers multilingual support over the phone, email, and live chat. Help is available Monday to Friday during office hours. There is also a dedicated FAQ section on the website for more general queries.
The easiest way to get in touch with RoboMarkets’ support team is via live chat, which is available from the bottom-right corner of the website. You can also reach out to them on Instagram, Facebook, or WhatsApp. Alternatively, you can call their Cyprus office at 25 123275, with a country code (+357). RoboMarkets does not appear to offer a call-back option.
When we test a broker’s customer support team, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are.
I conducted my test on 4 October at around 12:28 CET via live chat. An agent connected to the chat within seconds, which was appreciated. Their answers were swift and to the point. However, I noticed that the chat window did not display any credentials, such as the agent’s name and position within the company.
I looked into the commission structure for the R StocksTrader account and consulted with a customer service agent. The agent was knowledgeable and accurate, even providing a link for further details.
RoboMarkets offers multiple payment methods via bank wire, credit card, and various e-wallets. Orders are processed fairly quickly, though transaction times may vary depending on the chosen payment method. The broker does not charge a handling fee for deposits. And twice a month, withdrawals are cost-free for all payment methods. At other times, third-party banking fees may apply.
|Payment Method||Currency||Fee||Processing Time||Limitations|
|Credit/Debit Card||USD, EUR, GBP, CHF, PLN, CZK||0%||Instant||From 10 USD|
|Barclays Bank PLC||EUR, USD, GBP||0%||Up to 5 business days||From 500 EUR|
|Raiffeisen Bank||EUR||0%||Up to 5 business days||From 500 EUR|
|Fast Bank Transfer||EUR||0%||Up to 5 business days||10 – 10,000 EUR|
|iDEAL||EUR||0%||Instant||10 – 10,000 EUR|
|Sofort||EUR||0%||Up to 5 business days||10 – 20,000 EUR|
|Rapid Transfer||EUR||0%||Instant||10 – 5,000 EUR|
|Trustly||EUR||0%||Instant||10 – 10,000 EUR|
|Nordea Solo||EUR||0%||Instant||10 – 10,000 EUR|
|Multibanco||EUR||0%||Instant||10 – 400 EUR|
|GiroPay||EUR||0%||Within 1 business day||From 10 EUR|
|Przelewy24||PLN||0%||Instant||40 – 40,000 PLN|
|PayPal||EUR||0%||Instant||10 – 100,000 EUR|
|Skrill||EUR, USD||0%||Instant||From 10 EUR|
|Neteller||USD, EUR, MYR, IDR, AED, PLN||0%||Instant||5 – 10,000 EUR|
|Payment Method||Currency||Fee||Processing Time||Limitations|
|Credit/Debit Card||USD, EUR, GBP, CHF, PLN, CZK||2.4%||From 1 – 10 business days||Up to 10,000 USD|
|Bank Wire||EUR, USD, GBP||25 USD, 10 EUR, 20 GBP||Up to 5 business days||From 50 USD, 50 EUR, 50 GBP|
|Barclays Bank PLC||EUR, USD, GBP||0%||Not specified||Not specified|
|Raiffeisen Bank||EUR||0%||Not specified||Not specified|
|Fast Bank Transfer||EUR||0%||Not specified||Not specified|
|iDEAL||EUR||0%||Not specified||Not specified|
|Sofort||EUR||0%||Not specified||Not specified|
|Rapid Transfer||EUR||1%||Within 1 business day||From 1 EUR|
|Trustly||EUR||0%||Not specified||Not specified|
|Nordea Solo||EUR||0%||Not specified||Not specified|
|Multibanco||EUR||0%||Not specified||Not specified|
|GiroPay||EUR||0%||Not specified||Not specified|
|Przelewy24||PLN||0%||Not specified||Not specified|
|PayPal||EUR||2%*||Within 1 business day||10 – 10,000 EUR|
|Skrill||EUR, USD||1%||Within 1 business day||From 1 USD|
|Neteller||USD, EUR, MYR, IDR, AED, PLN||1.9%**||Within 1 business day||5 – 10,000 USD|
* Maximum commission rate of 5 EUR
**No less than 1 USD
Traders can choose from 15 different payment methods, which is quite high. Deposits are always free of charge regardless of the preferred payment method. Traders can also withdraw funds without having to pay a commission (for all payment methods) on the first and third Tuesdays of each month.
RoboMarkets offers 5 retail trading accounts, with a low minimum deposit requirement of $100, and 1 investing account for clients from Sweden. Three accounts offer raw spreads starting from 0.1 pips and fixed commissions, while two accommodate commission-free trading and floating spreads from 1.3 pips. Swap-free trading is also possible. The broker offers 6 base currencies.
Your account should reflect your goals, needs, and ambitions on the market. You should take into consideration several factors, such as whether the account type has a minimum deposit requirement, its spreads and commissions, the execution method, and more.
I have broken down RoboMarkets’ account types below:
|Account Type||Prime||ECN||R StocksTrader||ProCent||Pro||ISK|
|Spread||Floating from 0.1 pips||Floating from 0.1 pips||Floating from 0.1 pips||Floating from 1.3 pips||Floating from 1.3 pips||Floating from 0.0 pips|
|Commission*||From $1 per lot||From $2 per lot||$1.5 per lot||$0||$0||From $0.025 per share|
|Platforms||MetaTrader 4&5, R StocksTrader||MetaTrader 4&5, R StocksTrader||R StocksTrader, TradingView||MetaTrader 4&5, R StocksTrader||MetaTrader 4&5, R StocksTrader||R StocksTrader, TradingView|
|Account Currency||USD. EUR, CHF, GBP, Gold||USD. EUR, CHF, GBP, Gold||EUR, USD, CHF, GBP, CZK||USD. EUR, CHF, GBP, Gold||USD. EUR, CHF, GBP, Gold||USD|
|Minimum Deposit Requirement||$100||$100||$100||$100||$100||$500|
*Commission of FX Majors, single-turn
The minimum deposit requirement with RoboMarkets is $100, making its retail accounts quite accessible to all kinds of traders. You can choose between EUR, USD, GBP, CZK, and CHF as base currencies.
Based on my calculations, the Prime account emerges as the most cost-efficient option. However, the R StocksTrader account, while carrying slightly higher fees, significantly outshines it in terms of instrument variety, boasting 12,000 compared to the Prime account’s mere 28. It’s also worth noting that the Prime account lacks the option for swap-free trading.
The Prime account is the only one with a stop-out at 100%, which is better for high-risk/high-yield trading. In comparison, the R StocksTrader and other accounts have stop-out levels at 50%, which is more suitable for more conservative trading because of the lesser risk of account balance blowouts.
The only drawback to RoboMarkets is the relatively slow execution speeds. According to my chat with their support team, the broker averages between 200 and 400 milliseconds. For comparison, I consider speeds of under 50 milliseconds to be suitable for high-frequency trading. That is why I do not think that RoboMarkets is ideal for scalping. However, this is not a problem for implementing other intraday, day, and position trading strategies.
RoboMarkets utilizes market execution. The broker operates without a dealing desk, and order requests are transmitted to the interbank level, where RoboMarkets’ three liquidity providers fill them. As long as there is enough liquidity in the market, all order requests will be filled, though at varying speeds.
Suppose you wish to go long 100,000 units (1 lot) on the EUR/USD at 1.07650. You place your buy order, but there is not enough liquidity in the market at that price level, not enough to fill your order. Hence, no trade is opened. The price then climbs to 1.07700, where there is enough liquidity to fill that volume, and your trade is finally executed. If the value of 1 pip is $10, then you would have missed a chance to generate a $50 profit due to this discrepancy (5 pips).
The clear advantage of this model of execution is that with it, you are guaranteed entry, in that your order request will eventually be filled once there is enough liquidity. However, the corresponding disadvantage is that you are exposed to price discrepancies in the form of negative slippage.
In my experience, market execution is better suited for day trading and position trading strategies where volume is important. But it is less so for intraday trading strategies, such as scalping, where precise order filling is more important.
The leverage determines a trader’s overall market exposure. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of the leverage. Essentially, the broker lends the trader money so that the latter can open bigger-sized positions. The leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades.
I have summarized the account creation process with RoboMarkets, which is indeed quite straightforward. You can go at your own pace, though realistically, you can be done with everything within an hour. Just follow these easy steps:
RoboMarkets offers demo accounts that introduce traders to the broker’s services and allow them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment. You can set up a demo account for yourself alongside your live CFD account.
RoboMarkets provides services only to residents of EU/EAA countries.
RoboMarkets offers outstanding research materials. Content is developed in-house and covers a wide range of topics. Different types of materials serve different purposes, whether it be to inform the reader about the current market sentiment or of an upcoming trading opportunity. This makes RoboMarkets’ research materials equally well-suited for beginners and seasoned traders. There are, however, no third-party materials.
I have broken down RoboMarkets’ various types of content below:
AnalysisIQ is a segment of the research terminal where you can access RoboMarkets’ trading ideas and choose based on their confidence scores. These scores are derived from multiple factors, such as the analyst’s success track record, overall market conditions, and underlying news sentiment. These ideas rely heavily on technical analysis.
The signal center is also a place where you can access multiple trading ideas on various trading instruments. Each signal consists of a confidence gauge, entry and stop prices, and a target level. You can also read when the idea was published and when it expires, what the underlying fundamental justification behind it is, what the next volatility events are, and what the nearest support and resistance levels are.
The assets tool highlights current trading opportunities (both bullish and bearish) on instruments from different asset classes. Most importantly, data points displayed here are calculated on a daily basis, meaning that the information is constantly updated.
The functioning of this tool is pretty self-explanatory. Available from the website, it informs traders of the latest economic releases and financial developments. Keeping track of the latest financial news is essential for carrying out sophisticated fundamental analysis.
RoboMarkets’ blog is available to all visitors of the website. It contains multiple well-researched and highly detailed blog articles about investing (news and strategies), and the stock market as a whole. This is also where you can access RoboMarkets’ educational content.
The economic calendar serves as the most basic research tool. It informs traders of upcoming economic releases that are likely to cause upsurges in market volatility. This creates potential trading opportunities. The economic calendar shows how the market is likely to react to specific events.
I appreciate brokers who spend time and energy developing their own research materials, even though they are not required to do so.
I went over RoboMarkets’ various research materials and found them well-informed and highly practical. I quite liked that most of them combine technical and fundamental analysis in order to deliver more multifaceted opinions. However, I would have liked to see more emphasis on the psychology of trading.
While RoboMarkets’ content is probing and covers a wide range of topics, the incorporation of third-party materials (from TradingCentral or Autochartist), which is currently lacking, would give traders the chance to examine the same trading opportunities from different angles.
RoboMarkets’ educational resources focus mainly on a select range of written articles. While the broker may not offer a wide array of videos or frequent YouTube content, it provides valuable insights through its blog, which is primarily geared toward investing. The platform concentrates on quality over quantity, offering in-depth knowledge for those interested in investment strategies.
At the time of the review, RoboMarkets’ blog consisted of 27 articles that were mostly focused on stock trading and investing. They cover topics such as ‘How to analyze stock charts’ and ‘What is a share buyback’. However, no attention is paid to practical trading subjects relating to technical or fundamental analyses. While very informative, I cannot consider these 27 articles enough to satisfy the needs of beginners. It’s also noteworthy that the last entry in the blog was published 6 months ago.
Additionally, there are multiple videos available from the broker’s YouTube channel from which you can learn practical tips, such as how to use its proprietary platform and how to set up an account with RoboMarkets. The remaining videos are dedicated to investing topics and not to trading.
Even though not a major educational tool on its own, I quite liked that RoboMarkets has listed the various trading sessions; when they are active, and which markets are affected. FX traders can benefit from this by learning when the three major sessions – UK, Europe, and US – overlap, which is when trading activity tends to pick up. Additionally, stock traders (RoboMarkets’ offering is generally geared towards them) can learn when various markets open and close.
RoboMarkets has also developed a practical glossary with a flexible design.
RoboMarkets stands as a reputable broker with a robust offering, granting access to an expansive range of over 12,000 leveraged products across diverse markets. Established in 2012 and headquartered in Limassol, Cyprus, it excels in gold trading via its R StocksTrader account and is also well-suited for algo trading. The broker operates under stringent regulations, being licensed by top-tier entities like CySEC in Cyprus and BaFin in Germany.
Among the highlights of RoboMarkets are its competitive spreads and commissions, varied account options, and a wide array of tradable instruments. The broker employs industry-standard MetaTrader 4&5 platforms while also offering a top-notch proprietary platform. Its suitability for algo trading is enhanced by an integrated strategy tester and VPS hosting. Additionally, RoboMarkets provides valuable and actionable research resources.
With regards to the areas where there is still room for improvement, I consider RoboMarkets’ average execution speed of between 200-400 milliseconds to be quite slow. Additionally, the scope of its educational content is rather limited.
Overall, RoboMarkets is equally suitable for beginners and experienced traders. It also accommodates intraday trading, though scalping is not recommended because of the poor execution speeds. Given its low costs and sophisticated platform, RoboMarkets is much more suitable for day trading and position trading.
|Number Of Employees||100|
|Trading Desk Type||Dealing Desk|
|Trading Platforms||R Mobile Trader, R StocksTrader, MT5, R WebTrader, MT4, TradingView|
Honduras, Egypt, Samoa, Algeria, Bahamas, Bahrain, Barbados, Belarus, Belize, Benin, Bhutan, Bolivia, Burkina Faso, Burundi, Cameroon, Canada, Cape Verde, Chad, China, Colombia, Congo, Costa Rica, Cote dIvoire, Cuba, Djibouti, Dominica, Ecuador, Equatorial Guinea, Eritrea, Gabon, Ghana, Jamaica, Jordan, Kazakhstan, Kenya, North Korea, South Korea, Nauru, Kuwait, Kyrgyzstan, Laos, Lesotho, Guinea-Bissau, Guyana, Malaysia, Liberia, Sao Tome and Principe, Namibia, Palau, Malawi, Maldives, Mali, Mauritania, Mexico, India, Micronesia, Morocco, Nepal, New Zealand, Nicaragua, Indonesia, Niger, Nigeria, Oman, Papua New Guinea, Peru, Qatar, Gibraltar, Iran, Grenada, Guatemala, Guinea, Iraq, Rwanda, Afghanistan, Curacao, Tonga, Guam, Cayman Islands, Swaziland, Bermuda, Suriname, Senegal, United States, Zambia, Angola, Timor-Leste, Marshall Islands, Australia, Paraguay, Cook Islands, Antigua and Barbuda, United Kingdom, Tunisia, New Caledonia, Trinidad and Tobago, Northern Mariana Islands, Somalia, Puerto Rico, Togo, Argentina, Mongolia, Azerbaijan, Bangladesh, Russian Federation, Macao, Uruguay, Turkmenistan, Solomon Islands, Venezuela, Yemen, Tuvalu, Botswana, Brazil, Uganda, Syria, Seychelles, French Polynesia, Sierra Leone, Ukraine, Uzbekistan, Brunei, Cambodia, Central African Republic, Chile, Comoros, Dominican Republic, El Salvador, Saudi Arabia, Lebanon, Mayotte, Madagascar, Aruba, Ethiopia, Taiwan, Fiji, Vanuatu, Gambia, Panama, Israel, Singapore, Tajikistan, Mauritius, Vietnam, Japan, South Africa, Virgin Islands, British, Tanzania, Isle of Man, Guernsey, Kiribati, Libya, Mozambique, Myanmar, Pakistan, Philippines, Haiti, Hong Kong, South Sudan, Sri Lanka, Sudan, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Thailand, United Arab Emirates, Zimbabwe, Faroe Islands
English, Latvian, Polish, Czech, Estonian, Hungarian, Italian, Spanish, Croatian, Lithuanian, Swedish, German
|Max Leverage||1:30 (CySEC )|
|Deposit Options||Sofort, Wire Transfer, Neteller, iDeal, Skrill, Debit Card, Credit Card, Rapid Transfer, Giropay, PayPal, Trustly|
|Time to Withdrawal||2|
|Time to Open an Account||9|
Currencies, Stocks, Indices, Commodities, Futures
|Guaranteed Stop Loss||No|
|Guaranteed Limit Orders||Yes|
|Guaranteed Fills / Liquidity||Yes|
|Trading From Chart||Yes|
Turkish, Korean, Hebrew, English, Danish, Russian, French, Indonesian, Dutch, Portuguese, Latvian, Thai, Slovak, Polish, Czech, Arabic, Estonian, Hungarian, Bulgarian, Italian, Slovenian, Spanish, Chinese, Croatian, Lithuanian, Farsi, Japanese, Swedish, Greek, Serbian, Vietnamese, Malaysian, German, Romanian
|24 Hours Support||Yes|
|Support During Weekends||No|
|Daily Market Commentary||Yes|
|News (Top-Tier Sources)||Yes|
Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.
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