broker

RoboMarkets Review 2022

Updated:
4.3
Trust
4.8
Fees
4.0
Platforms and Tools
4.2
Customer Support
4.8
Tradable Instruments
3.5
Account Types and Terms
4.5
Deposit and Withdrawal
3.6
Research
3.0
Education
3.6

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61.41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

While we adhere to strict editorial integrity, this page may refer to our partners' products. Here's how we make money.Learn how we make money and our review methodology.

Please Note: The RoboMarkets review is based on an R StocksTrader account, using the R StocksTrader web and mobile platforms, opened with RoboMarkets Ltd.

The Big Picture

Founded in 2012, RoboMarkets offers trading in forex, commodities, stocks, ETFs, and indices.

The company provides its services via two entities: RoboMarkets Ltd (CySEC) and RoboMarkets Deutschland GmbH (BaFin).

The broker offers the highly popular MetaTrader 4 and MetaTrader 5 platforms. In addition, the broker provides access to the in-house R StocksTrader platform and RoboMarkets terminals.

RoboMarkets offers five types of accounts. Three accounts are for retail traders, one account is for algo testing, and the remaining account is for pro-level traders.

The broker offers an extremely high number of stocks, ETFs, and CFDs on stocks and ETFs. This is the main strength of RoboMarkets’s offering. The number of available commodities is also high, thanks to the 120+ CFDs on commodity ETFs.

There is a sufficient number of options for deposits and withdrawals. Accounts can use several base currencies, which is convenient for traders from various countries.

9 of RoboMarkets Key Takeaways For 2022

  • We evaluated RoboMarkets across 9 categories (Trust and Stability, Fees, Tradable Instruments, Account Types, Deposit and Withdrawal, Research, Customer Support, Education, and Platform and Tools).
  • RoboMarkets received a high score in the Trust and Stability category as its entities are regulated by Tier 1 regulators.
  • The broker also received a high score in the Customer Support category as the answers of the support team were quick and professional.
  • RoboMarkets provides access to five types of accounts and many instruments, which led to good scores in the Account Types and Tradable Instruments categories.
  • The score for Platforms and Tools was decent as RoboMarkets provides its trading platforms in addition to MT4 and MT5.
  • The broker received an average score in the Fees category. RoboMarkets offers attractive fees for some instruments.
  • Withdrawal fees put pressure on the score in the Deposit and Withdrawal category, which led to a below-average score.
  • RoboMarkets got a low score in the Research and Education categories due to the absence of live webinars and news feeds.
  • Beginner traders should note that educational videos and an e-book on trading can be found in the Members Area, which is available to those who opened an account with RoboMarkets.
  • Advanced traders will have plenty of choice among account types and various instruments offered by the broker.

Who is RoboMarkets For?

RoboMarkets offers multiple types of accounts and more than 12,000 instruments at its R StocksTrader account, which is suitable for advanced traders. These traders will also benefit from the R StocksTrader Strategy Builder and remote VPS-server offered by the broker.

RoboMarkets Pros and Cons

Pros Cons
  • A decent in-house trading platform.
  • Plenty of instruments to choose from.
  • A strategy-building instrument.
  • Remote VPS-server.
  • Tier 1 regulators.
  • Withdrawal fees.
  • Educational videos are “hidden” in the Members Area.

 

broker

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61.41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

 

About the Author

Vladimir Zernov
Vladimir has more than 10 years of experience in the financial markets. His career as a day-trader at a proprietary trading firm goes back to 2007.
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How Do We Rate?

When trading forex and CFDs, it is crucial to know a broker's strengths and weaknesses. That is why FX Empire developed its proprietary rating system. We put the knowledge and expertise of our reviewers to work to bring you the most suitable brokers. A total of 200 variables have been analyzed to help you choose your broker wisely. This chart describes all the categories we evaluated and rated.
How Do We Rate Chart
Visit our methodology page to learn more about our review and rating process.
RoboMarkets Main Features
☑️
Regulations
CySEC (Cyprus), BaFin (Germany)
🗺
Supported Languages
English, Spanish, German, Czech, Estonian, Hungarian, Italian, Polish, Croatian, Lithuanian, Swedish, Latvian
💰
Products (CFD)
Currencies, Commodities, Indices, ETFs, Stocks
💵
Min Deposit
$100
💹
Max Leverage
1:30 (CySEC), 1:30 (BaFin)
🖥
Trading Desk Type
Dealing Desk, ECN, Market Maker, No dealing desk, STP
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Check if...
unknownRoboMarkets accepts clients from your country:
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61.41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

RoboMarkets Full Review

Trust

4.8
How Do We Test A Broker's Trust?
When choosing a broker, trustworthiness is one of the most important things to keep in mind. Always check the broker's regulations, know how financially secure the firm is, and find out whether the broker is transparent and reliable. These factors, calculated into our score, will help you understand if your money is safe.

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RoboMarkets has entities regulated by CySEC and BaFin. The broker received a high score in our rating in the Trust and Stability category as it is regulated by Tier 1 regulators and offers a high level of transparency.

RoboMarkets Regulations

RoboMarkets operates under two entities:

RoboMarkets license record on CySEC

Why is It Important to Know Where Your Broker Subsidiary Is Regulated?

Each regulator has its requirements for brokers, which may differ materially. Traders must understand these differences to evaluate whether the broker suits their needs.

In RoboMarkets’ case, retail traders will work with RoboMarkets Ltd, which is regulated by CySEC, a Tier 1 regulator. Clients who want to open a Pro account will work with RoboMarkets Deutschland GmbH, which is regulated by BaFin, a Tier 1 regulator.

The broker holds clients’ funds in segregated accounts, which means their money is not mixed with the company’s money. RoboMarkets also provides negative balance protection, so clients will not use more money than they have in their accounts.

Retail traders will also enjoy the protection of the Investor Compensation Fund of Cyprus, which provides compensation of up to €20,000 per client in case the broker has financial problems. In addition, retail traders will benefit from the Civil Liability Insurance Policy for Forex Brokers with up to €5,000,000 of coverage.

We have summarized key aspects of the broker’s entities in terms of regulation and safety in the table below:

RoboMarkets Ltd RoboMarkets Deutschland GmbH
Country/Region CySEC (Cyprus) BaFin (Germany)
Regulation Tier 1 Tier 1
Segregated Funds Yes Yes
Negative Balance Protection Yes Yes
Compensation Scheme Up to €20,000 No
Standard Leverage Up to 1:500 Up to 1:500

Is RoboMarkets Safe to Trade With?

RoboMarkets has two entities that are regulated by Tier 1 regulators. They hold their funds separately from the firm’s funds and provide negative balance protection. The segregation of the company’s funds from traders’ funds means that your funds cannot be used by the broker, which increases safety in case the broker has financial problems. Negative balance protection ensures you cannot lose more money than you deposited into your account.

Stability and Transparency

In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focused on how long the broker has been in business, the size of the company, and how transparent they are in terms of information being readily available.

Traders can find the information about regulations at the dedicated section of the RoboMarkets website. All clients’ agreements are also listed in a separate section of the website.

The broker offers a detailed FAQ, where clients can find answers to various questions on account opening, trading, members area, verification, etc.

In summary, our findings indicate that RoboMarkets can be regarded as having a high level of trust and stability due to the following factors:

  • More than 10 years in business.
  • Regulated by Tier 1 regulators.
  • Easy access to important information on the company’s website.

Fees

4.5
How Do We Test A Broker's Fees?
Broker fees can be difficult to understand. We test the broker's platforms and examine commissions, spreads, and overnight fees to ensure that you can determine if trading with this broker is worth your time and money.

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RoboMarkets received an average score in the Fees category in our rating. The broker offers attractive spreads and commissions for some instruments, while the deals for certain instruments are less attractive.

RoboMarkets Trading Fees

For this review, we tested the RoboMarkets R StocksTrader account. The broker charges spreads, swap/rollover fees, and commissions in this account. Spreads are variable and depend on the liquidity situation in each instrument at a certain point in time. Commissions also vary depending on the asset class, so traders should spend some time learning the specifications of the contract they want to trade.

RoboMarkets Spreads

We tested the spread on the RoboMarkets R StocksTrader account during the London open at 8am UK time and just after the US open at 2.45pm UK time. These are the most actively traded times.

Instrument Live spread AM Live spread PM
EURUSD 0.2 0.2
GBPJPY 1.8 1.7
Gold (XAUUSD) 24 19
WTI Oil 0.07 0.06
DAX 30 2.3 1.7
Dow Jones 30 2 3
Apple n/a 0.02
Tesla n/a 0.67

RoboMarkets offers low spreads for EUR/USD, GBP/JPY, Gold, Apple, and Dow. Commissions for EUR/USD, GBP/JPY, Gold, Oil, are also low. The low spread for Dow is offset by the high commission level, which is also true for Dax.

In general, traders should keep in mind that the R StocksTrader account is designed to be a one-stop shop for various instruments, but it is focused on stock traders. For stocks, RoboMarkets has a low spread for Apple and a medium spread for Tesla, while the commissions for both instruments is medium.

Swap Fees

Instrument Swap Long Swap Short
EUR/USD -0.97 0.11
GBP/JPY -0.05 -1.13

The swap fees for EUR/USD are medium, while the swap fees for GBP/JPY are low.

Are RoboMarkets Trading Fees Good?

RoboMarkets received an average score in the Fees category in our rating. The spreads and commissions we measured were attractive for some instruments. There are plenty of instruments available in the R StocksTrader account, so traders will need to do their homework and check the trading conditions for each instrument that interests them before making a decision on whether RoboMarkets’ offering is attractive to them.

Non-Trading Fees

RoboMarkets does not charge inactivity fees. In case you haven’t traded for several months, your account will not be charged.

Platforms and Tools

4.2
How Do We Test A Broker's Platforms and Tools?
Platforms are where you trade, so they must be secure, fast, and accessible while offering you the tools you need to succeed. Each broker's desktop, web, and mobile platforms are evaluated according to the order types, speed of execution, ease of use, and other 'need to know' features.

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RoboMarkets received a decent score in the Platforms and Tools category. The broker offers the highly popular MetaTrader 4 and MetaTrader 5 platforms, as well as an in-house R StocksTrader platform and RoboMarkets Terminals.

RoboMarkets Desktop and Web Platforms

In this review, we tested the R StocksTrader platform. This is a web-based platform that provides access to all instruments offered by RoboMarkets. Traders should keep in mind that the broker also offers the popular MT4 and MT5 on certain accounts. In addition, RoboMarkets has developed RoboMarkets Terminals – R WebTrader and R Mobile Trader. They can be used for trading on MT4 brokerage accounts.

General Ease of Use

Traders will have to spend some time getting accustomed to R StocksTrader, but the platform is easy to use. The platform offers a wide range of technical indicators, so it can be used for sophisticated technical analysis. The technical offering is not as rich as in MT5 case, but the R StocksTrader indicators will be sufficient for most traders.

The platform also has a built-in strategy builder. This instrument will be interesting to advanced traders who want to experiment with automated trading or backtest their ideas.

Charts

R StocksTrader offers:

  • 38 technical indicators.
  • 35 drawing tools.
  • 10 timeframes.
  • 5 chart types.

The technical indicator list includes popular trend, volatility, and volume indicators, as well as oscillators.

The number of drawing tools will be sufficient for most traders. The highly popular Fibonacci tools are present.

Timeframes include 1 tick, 1 minute, 5 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, 1 day, 1 week, and 1 month. This is a typical set for a decent trading platform.

Chart types include:

  • Candles chart
  • Bars chart
  • Line chart
  • Area chart
  • Heikin Ashi chart

Orders

R StocksTrader has one order window, which allows traders to put market, limit, and stop orders.

  • Market Order is used to buy or sell the instrument at the current market price. This order is used when a trader wants to establish a position as fast as possible. Typically, this order is necessary when the instrument’s price begins to move quickly. The main risk of this order is that you pay a spread, which is the difference between the bid price and the ask price.
  • Limit Order is used to buy or sell the instrument at the preset price. This order is used when the trader wants to establish a position at a certain price level.
  • Take Profit is used to get out of the profitable position at a preset price.
  • Stop Loss is used to exit the position when the price is moving in the wrong way. This order is triggered when the price reaches a specified price point.

RoboMarkets Mobile App

RoboMarkets has a mobile version of the R StocksTrader. As usual, the mobile version is more simple than the web-based platform, although it offers the same number of technical indicators.

General Ease of Use

The mobile app is easy to use. Traders can create their own watchlists or use preset watchlists. Traders should note that the mobile app does not provide drawing tools. This is not surprising as it is extremely difficult to use them on the screen of the mobile phone.

Devices

RoboMarkets offers versions for iOS and Android.

Charts

The charts offer the same timeframes except for ticks. The selection of indicators is the same as in the web version. Traders rarely use mobile apps for serious technical analysis, and the app will be sufficient to satisfy the needs of most users.

Orders

The mobile version offers the same types of orders as the main version.

Tradable Instruments

3.5
How Do We Test A Broker's Tradable Instruments?
In this section, we check the broker’s market offering and how varied the instruments and asset classes are. It will allow you to check if they offer what you're looking for and what you can trade.

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RoboMarkets received a high score in the Tradable Instruments category in our rating. The broker offers an extremely high number of stocks and stock CFDs, and a high number of CFDs on commodity ETFs.

RoboMarkets provides access to 33 forex pairs, 4 commodities, 120+ CFDs on commodity ETFs, 7 indices, 12,000+ stocks, ETFs and CFDs on them.

The number of available forex pairs is medium, although it should be noted that it is close to the number that can be considered low. The number of available indices is also medium.

RoboMarket’s offering is rich in the commodity segment. While the broker offers just 4 commodities (gold, silver, WTI oil, Brent oil), it offers 120+ CFDs on commodity ETFs.

The broker’s stock offering is especially strong as traders have access to stocks, ETFs, as well as CFDs on both stocks and ETFs.

What are CFDs?

CFDs (Contracts for Differences) are financial instruments that allow traders to bet on securities without owning the underlying securities. The key advantage of CFDs is the access to significant leverage, which is typically not available when trading other instruments. In this light, CFDs are very popular in short-term trading.

What Can You Trade with RoboMarkets?

  • 33 forex pairs. The list includes popular pairs like USD/CAD, GBP/USD, and EUR/USD.
  • 4 commodities. Gold, Silver, WTI Oil, and Brent Oil are available for trading.
  • 120+ CFDs on commodity ETFs. Traders will be able to work with ETFs on metals and soft commodities.
  • 7 indices. RoboMarkets provides access to Dax, S&P 500, Nasdaq 100, Dow Jones, CAC 40, FTSE 100, and IBEX 35.
  • Crypto deleted
  • 12000+ stocks, ETFs, CFDs on stocks and ETFs.
Forex pairs available at RoboMarkets
Forex Shares
USD/CAD| GBP/USD| EUR/USD Apple| Meta Platforms| Netflix
Indices Crypto deleted
S&P 500 | Dax | CAC 40
Commodities ETFs
WTI Oil | Gold | Silver CORN| WEAT| SOYB

RoboMarkets offers forex pairs, stocks, ETFs, CFDs on stocks and ETFs, commodities and indices. The number of forex pairs is medium, but it should be noted that the list is fairly short.

Traders who want to work with commodities will have plenty of options to choose from. However, they should note that they will work with CFDs on ETFs, rather than CFDs on commodity futures.

The number of indices is medium, and popular indices like S&P 500 and Dax are available for trading.

Crypto para deleted

The crown jewel of RoboMarkets R StocksTrader account is the stock offering. Traders can work with 12,000+ stocks, ETFs, and CFDs on ETFs and stocks.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61.41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Customer Support

4.8
How Do We Test A Broker's Customer Support?
Traders tend to underestimate customer support, but it might be a crucial feature in moments of crisis. In our rating, we check the contact methods available, how accessible a live agent is and how helpful the responses are. This information will allow you to know if a broker can provide full support when you need it.

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RoboMarkets provides support via online chat, phone, and email. The broker received a good score for Customer Support in our rating due to the professional answers of the support team and multiple support languages.

RoboMarkets Customer Support Test

We have contacted RoboMarkets several times through the online chat. We asked about swap fees and account types. The answers were quick, clear, and professional.

Deposit and Withdrawal

3.6
How Do We Test A Broker's Deposit and Withdrawal?
The deposit or withdrawal process can be a tricky one. You may discover that there are hidden fees, or that withdrawal times are longer than you anticipated. We check these factors and others so you know what to expect when trading with this broker.

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RoboMarkets clients can deposit and withdraw money with Visa/MasterCard, Bank Transfer, PayPal, Skrill, and Neteller.

The broker received a below-average score in the Deposit and Withdrawal category in our rating. RoboMarkets provides a high number of deposit and withdrawal options. However, there are fees for withdrawals, which have impacted the score.

RoboMarkets Deposits

Deposit Method Base Currencies Fees Processing Time
Visa/MasterCard USD, EUR, GBP, CHF, PLN, CZK No Instant
Bank Transfer USD, EUR, GBP, PLN No Up to 5 bank days
PayPal EUR No Instant
Skrill USD, EUR No Instant
Neteller USD, EUR, MYR, IDR, AED, PLN No Instant

RoboMarkets provides a sufficient number of options to deposit funds into accounts, which includes bank transfers, credit cards, and e-wallets. All deposit options have no deposit fees. In most cases, the processing time is instant. However, clients should note that bank transfers can take up to 5 bank days.

RoboMarkets Withdrawals

Withdrawal Method Base Currencies Fees Processing Time
Visa/MasterCard USD, EUR, GBP, CHF, PLN, CZK 2.4% 1-10 bank days
Bank Transfer USD, EUR, GBP, PLN, CHF 20 USD, 10 EUR, 20 GBP, 150 PLN, 75 CHF Up to 5 bank days
PayPal EUR 2% Up to 1 day
Skrill USD, EUR 1% Up to 1 day
Neteller USD, EUR, MYR, IDR, AED, PLN 1.9% Up to 1 day

The situation with withdrawals is more complicated compared to deposits. All withdrawal methods come with withdrawal fees, which vary depending on the method you use. Importantly, clients can withdraw funds without commission if they use the company’s program of withdrawal without commission. Clients can withdraw funds on the first and the third Tuesday of each calendar month without paying fees. To benefit from this offer, the client has to deposit into their trading account at least once over the previous six months.

Account Types and Terms

4.5
How Do We Test A Broker's Account Types and Terms?
In order to achieve your trading goals, you need to choose the right account. We evaluate each broker's account types, how easy it is to open an account with them, and the steps involved, so you can decide if it is worth your time to open an account.

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RoboMarkets received a good score for Account Types and Terms in our rating. The account opening process is simple, and traders may choose between various account types.

The broker provides five types of accounts. Three accounts are focused on retail traders. One account, ProCent, which has a base currency in cents, is supposed to be used for algorithm testing. The Pro account is targeted at professional traders.

Retail traders who work under the CySEC regulations will be limited by the maximum leverage of 1:30. Professional clients will have access to the maximum leverage of 1:500. RoboMarkets’ clients should note that the maximum leverage is determined during the registration on the basis of their experience and knowledge.

Traders who will open an account with the BaFin-regulated entity will be limited by the maximum leverage of 1:500. This is a Pro account for pro-level traders.

Why is Choosing the Right Account Type Important?

The account you choose must suit your needs. Typically, the trader should focus on base currency options, contract size, commission, fees, the number of pending orders/positions, and the minimum deposit size.

What Account Types does RoboMarkets Offer?

Prime ECN R StocksTrader ProCent Pro

Commission

(excluding equities)

Variable Variable Variable No No
Spread From 0 From 0 From $0.01 From 1.3 From 1.3
Minimum Deposit $100 $100 $100 $100 $100
Leverage Up to 1:500 Up to 1:500 Up to 1:500 Up to 1:30 Up to 1:500
Islamic Account No No No No No
Demo Account Yes Yes Yes Yes Yes

Traders should note that the number of available instruments varies. The R StockTrader is the account that offers the biggest number of instruments.

As noted above, the leverage is limited at 1:30 for retail traders who work with the CySEC-regulated entity. Traders who want to access higher leverage will have to get a professional client status.

What is CFD leverage?

CFD Leverage allows you to avoid paying the full value of the position. Instead, you pay a deposit, which is called margin, while the remaining funds are borrowed.

In RoboMarkets’ case, most retail traders will likely work with the CySEC-regulated entity, which has a maximum leverage of 1:30. This is a modest level of leverage that is dictated by a Tier 1 regulator. Pro-level traders will be able to work with the leverage of 1:500. This is a high level of leverage suited for experienced professionals.

RoboMarkets Account Opening Process

To open an account with RoboMarkets, go to the broker’s website and click “Open an account..

  • Step 1: Provide your email, first name, last name, and mobile phone to register with RoboMarkets.
  • Step 2: Select the type of account you want to open the trading platform, account currency, and leverage.
  • Step 3: Provide personal information like country of residence and address.
  • Step 4: Answer questions related to your trading experience and knowledge of financial instruments.
  • Step 5: Pass ID/Passport verification and Address verification.

What is a demo account?

A demo account is an account that allows you to test the broker’s services and your trading skills without risking your money.

Please note that your trading experience will differ when you use a demo account compared to a real-money account due to human psychology, as traders find themselves under pressure when the real money is at stake.

It’s a good idea to use the demo account for practicing and learning the trading platform, but do not spend too much time on the demo.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61.41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Research

3.0
How Do We Test A Broker's Research?
Research options provided by brokers may not be seen as the most important feature for some traders, but they can give you an edge over the competition. Staying on top of important market news announcements and being aware of big themes can be very helpful. The rating system provides a clear picture of how well your broker fulfills this service.

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RoboMarkets received a low score in the Research category in our rating. The broker does not provide a news feed on its website or the R StocksTrader platform, and its webinar page is empty.

Like most brokers, RoboMarkets provides access to an economic calendar, which is used to learn about market-moving economic reports. The broker provides currency analysis & forecasts, which contain technical analysis of various forex pairs. In its blog, RoboMarkets discusses stocks.

It should be noted that RoboMarkets offers some tools in the “Your education” segment in the Members Area, which is not accessible until you open an account with the broker. These tools include Historical volatility, Pivot point, Fibonacci calculator, U.S. Interest rate, Deal size calculator, Currency converter, Currency heatmap, and Forex calculators.

In addition, traders can find signals based on moving averages, MACD, Bollinger Bands, Ichimoku, Stochastic, William’s, and ZigZag, as well as the overall recommendation for various instruments.

Signals at RoboMarkets

Education

3.6
How Do We Test A Broker's Education?
Educating yourself on how to trade the financial markets can make the difference between success and failure. We check the educational content provided by the broker, its quality and suitability for beginners and advanced traders.

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RoboMarkets received a low score in the Education category in our rating as the broker does not provide live webinars and platform tutorial videos.

RoboMarkets’ website educational support is mostly limited to the FAQ section. In addition, the broker has a number of educational articles in the above-mentioned blog.

However, the educational segment is “hidden” in the Members Area, under the Help tab. It contains signals, an explanation of trading strategies, weekly video reviews, an economic calendar, educational videos, a glossary, a video course, and an e-book.

It should be noted that the BaFin-regulated entity provides webinars on a regular basis. These webinars had no impact on the score as the review is based on the CySEC-regulated entity.

The Bottom Line

Founded in 2012, RoboMarkets has been in business for more than 10 years. It is a stable broker that offers a high level of transparency. Traders can find the important legal documents in a dedicated section of the company’s website.

The broker offers five types of accounts. Traders should evaluate the spreads and commissions for the instruments they are interested in using the demo accounts, which are also available.

RoboMarkets offers the highly popular MetaTrader 4 and MetaTrader 5 platforms. In addition, the broker has developed in-house trading platforms: R Stocks Trader and RoboMarkets terminals.

Traders can open an account with two entities: RoboMarkets Ltd (CySEC) and RoboMarkets Deutschland GmbH (BaFin).

Available instruments include forex pairs, stocks, ETFs, CFDs on stocks, CFDs on ETFs, commodities, and indices. The broker’s stock offering is extremely rich as traders have access to more than 12,000 instruments.

RoboMarkets will likely be of significant interest for advanced traders as it offers many account types and provides access to a huge number of instruments. Beginner traders should note that there are educational videos and an e-book on trading in the Members Area of the broker’s website, which becomes available when you open an account with RoboMarkets.

FAQ

Where is RoboMarkets based?
RoboMarkets is based in Cyprus.

Is RoboMarkets safe?
Clients of RoboMarkets Ltd will benefit from the oversight of CySEC, a Tier 1 regulator. Clients of RoboMarkets Deutschland GmbH will benefit from the oversight of BaFin, a Tier 1 regulator.

How does RoboMarkets make money?
RoboMarkets charges spreads, commissions, and swap/rollover fees.

Is RoboMarkets good for beginners?
RoboMarkets offers plenty of options to choose from in terms of instruments, trading platforms, and account types, which beginners may find confusing.

How do I deposit into a RoboMarkets account?
Traders can deposit money via Bank Transfer, Visa/MasterCard, PayPal, Skrill, and Neteller.

What is the min. deposit for RoboMarkets?
The minimum deposit is $100.

How do I withdraw money from RoboMarkets?
Traders can withdraw money via Bank Transfer, Visa/MasterCard, PayPal, Skrill, and Neteller

How long does it take to withdraw money from a RoboMarkets account?
It may take up to 10 bank days to withdraw money from a RoboMarkets account if you are using Visa/MasterCard.

What is the max leverage in RoboMarkets?
The maximum leverage in the CySEC-regulated entity is 1:30.

How do I open an account with RoboMarkets?
To open an account with RoboMarkets, go to the main page of the broker’s website and click “Open an account.”

What platforms does RoboMarkets offer?
RoboMarkets offers MetaTrader 4, MetaTrader 5, R StocksTrader, and RoboMarkets Terminals.

Does RoboMarkets offer a demo account?
Yes, RoboMarkets has a demo account.

broker

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61.41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

See RoboMarkets Full Information
Broker General Information
Trading Features
Other Details
Headquarters Country
Cyprus
Foundation Year
2012
Regulations
CySEC (Cyprus), BaFin (Germany)
Publicly Traded
No
Number Of Employees
100
Trading Desk Type
Dealing Desk, ECN, Market Maker, No dealing desk, STP
Trading platforms
MT4, MT5, R Mobile Trader, MT4 Multiterminal, WebTrader, R WebTrader, R StocksTrader
Restricted Countries
United States, China, Russian Federation, Japan, United Kingdom, Bahrain, Barbados, Belarus, Belize, Benin, Bhutan, Bolivia, Burkina Faso, Burundi, Cameroon, Canada, Cape Verde, Chad, Colombia, Congo, Costa Rica, Cote d'Ivoire, 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, Zambia, Angola, Timor-Leste, Marshall Islands, Australia, Paraguay, Cook Islands, Antigua and Barbuda, Tunisia, New Caledonia, Trinidad and Tobago, Northern Mariana Islands, Somalia, Puerto Rico, Togo, Argentina, Mongolia, Azerbaijan, Bangladesh, 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, 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, Honduras, Faroe Islands, Egypt, Samoa, Algeria, Bahamas
Supported Languages
English, Spanish, German, Czech, Estonian, Hungarian, Italian, Polish, Croatian, Lithuanian, Swedish, Latvian
Min Deposit
$100
Max Leverage
1:30 (CySEC), 1:30 (BaFin)
Deposit Options
Wire Transfer, Credit Card, PayPal, Skrill, Neteller
Withdrawal Options
Wire Transfer, Credit Card, PayPal, Skrill, Neteller
Products (CFD)
Currencies, Commodities, Indices, ETFs, Stocks
Demo Account
Yes
Islamic Account
No
Segregated Account
Yes
Managed Account
No
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