R WebTrader is the proprietary Web terminal from RoboMarkets. It has a mobile version and a web version.
R WebTrader has the following features:
- 13 indicators
- 9 graphic analysis tools
- Access to analytics and news
Commissions & Spreads
“Spreads are low and start from O pips; with provision of floating and fixed spreads are available”.
The list below shows the spreads of popular instruments as obtained from the RoboMarkets’ Website.
*all of these figures are according to the broker’s website at time of writing review.
Bonus & Promotions
“RoboMarkets offers no promotions or bonuses as it is a CySEC regulated broker”
No bonuses are available to clients. There are also no promotions. This is in keeping with CySEC regulations which prohibit the issuance of bonuses.
“Swift and efficient customer support representatives are always ready to assist on a 24/7 basis via phone. Callback. Email, contact form, and live chat. Lice chat is almost instant and the reps are well trained”.
- Phone Support: 11 phone numbers are provided, one for each of the 11 available support languages. For support in English, call: +357 25 123275.
- Callback: Input your phone number in the “ask a question” textbox and a representative will call you.
- Email: email@example.com or firstname.lastname@example.org
- “Send as a Message” consists of a form that can be used to contact support on the website.
- Online Web Chat: Anytime, anyday, the chat representatives are available in 11 languages ready to help.
The support teams are quick and very active. The web Chat representative took less than 40 seconds to respond when a chat session was initiated.
“Each day 5 pieces of analysis are released to the website for different indicators. There is also a FREE subscription analytics section that traders can register for which contain regularly updating market sentiments.”
Market research on RoboMarkets comes in the form of daily analyses. The following modes of market research are provided:
- Ichimoku Cloud Analysis: This is a type of chart used in technical analysis.
- Murrey Math Lines: This consists of 8 pivot points whereby every one of the lines means something different to the price action.
- Forex Technical Analysis and Forecasts: This predicts the fluctuations and behavior of currency pairs based on history and other factors.
- Fibonacci Retracement Analysis: This technical Analysis determines support and resistance levels.
- Japanese Candlestick Analysis: This is a style of chart used to track movements of a currency.
There is also a FREE subscription analytics section that traders can register for which contain regularly updating market sentiments.
“Educational webinars are available to guide you through strategies and to help you learn about analytical tools and some videos plus articles are available.”
The website has an educational center which only contains articles on how to open an account and a few beginner steps on how to trade forex. Educational videos are advertised but none are found on the website. This is pitched at both beginner and more experienced traders. There are also webinars advertised which can help traders learn of trading strategies and techniques.
“A very robust offering with a wide selection of assets and platforms for all kinds of traders from beginner to pro. This broker truly caters to all.”
This brand caters to all levels of traders. They have a special section which is built just for professionals. This includes specific services like VIP and cashback and also dedicated promotions built with pros in mind. Additionally the extremely wide selection of assets and tools available are perfect for more experienced traders.
Nevertheless the platforms are all easy to use and can be equally suitable for beginners. There are educational videos and webinars which can help beginners master the art of trading and a wide selection of analytics which is suitable for beginners and pros alike.
Where is RoboMarkets based?
RoboMarkets is based in Cyprus.
How does RoboMarkets make money?
They make money from the spread charges and commissions. They are both a dealing desk and direct market access broker. They pass trades on to the interbank and they also take the other side of trades depending on which trading account you choose to go for.
How do I deposit in RoboMarkets account?
By Using Bank Payments like BlueOrange, Barclays, Fast Bank Transfer, Sofort, Rapid Transfer, Trustly, Nordea, Deutsch Handelsbank.
Or Using eWallets like: WebMoney, Skrill, Fasapay, Neteller, Qiwi wallet, ePayments, Euteller and ePay.bg
Or Using Bank Cards like Visa/Master Card, Maestro, China UnionPay, Carte-Bleue and Dankort
Using Credit/debit cards, bank transfer, FasaPay, Skrill, Neteller, ePayments, POLi, China UnionPay
What is the min. deposit for RoboMarkets?
Minimum deposit is $100
What is the max leverage in RoboMarkets?
The Maximum leverage is 1:30 which is the limitation for traders through the regulated brand. However professional traders may get a higher leverage by contacting the company directly.
How do I open an account with RoboMarkets?
Click on “Open an Account” on the Menu bar and fill the form.
Does RoboMarkets use MetaTrader?
Yes, RoboMarkets offers the MT4 and MT5 platforms.
“RoboMarkets is an interesting broker with their own proprietary platform and a strategy builder platform, plus plenty of mobile apps across MT4, MT5 and R Trader. They have a wide selection of assets and an in-depth research section of the website.”
RoboMarkets is a reputable, award winning broker that offers its services to the EU and EEA countries. The brand is regulated by CySEC. As a regulated brand which is required to provide maximum investor protection, the brand provides adequate security of investor’s fund, data and funds. You can also find modern, sophisticated and powerful platforms with multiple instruments for trading. Several payment methods are available and transaction charges are low.
There is also a responsive customer support which is available in 11 languages. Though, there are virtually no educational materials, multiple analyses methods are used to provide market insight to assist the trader.