broker

RoboMarkets Review 2022

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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.

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The Big Picture

“RoboMarkets Ltd is a Forex and CFD broker authorised and regulated by CySEC. The broker offers clients access to trade on more than 12,000+ financial CFD instruments covering RoboMarkets offers clients the ability to trade on more than 12,000+ financial CFDs covering Forex, Stocks, Indices, ETFs, Soft Commodities, Energies and Metals on the globally-recognised MetaTrader 4 and MetaTrader 5 trading platforms, as well as the broker’s own proprietary R StocksTrader platform and the RoboMarkets terminal.”

RoboMarkets is a Forex and CFD broker founded in 2012. It is an official partner of BMW M Motorsport and is authorised and regulated by the Cyprus Securities and Exchange (CySEC). The broker offers clients access to trade on more than 12,000+ financial CFD instruments covering RoboMarkets offers clients the ability to trade on more than 12,000+ financial CFDs covering Forex, Stocks, Indices, ETFs, Soft Commodities, Energies and Metals.

Users can choose from multiple trading platforms including the globally-recognised MetaTrader 4 and MetaTrader 5 trading platforms, as well as the broker’s own proprietary R StocksTrader platform and the RoboMarkets terminal. There are five account types called Prime, ECN, R StocksTrader, ProCent and Pro. ProCent and Pro accounts are commission-free whereas the Prime, ECN and R StocksTrader accounts are commission-based. Demo accounts are also available.

Deposits are fee-free across a range of popular payment methods including debit/credit cards, bank wire, Neteller, Skrill, PayPal, WebMoney and more. Withdrawals do mostly incur a fee, however, the broker does offer a promotion of fee-free withdrawals every first and third Tuesday of each calendar month.

The broker offers extensive market research and educational material including a News Feed, Technical Indicator Signals, Weekly Forex Forecasts, Video Courses, a Glossary, an Ebook and more. Multilingual customer support is also available 24/7 via Phone, Live Chat, Email.

Pros: Cons:
  • CySEC regulated.
  • Commission-free trading available.
  • 12,000+ financial CFD instruments.
  • MetaTrader 4 and MetaTrader 5 platform available.
  • Large choice of instruments and terminals may overwhelm some beginners but support is provided.

 

About the Author

Jitan Solanki
Author
Jitan is a currency trader and an accredited Market Technician with more than 15 years of experience working with fund managers and on several proprietary trading floors. He is regularly quoted in the financial media for his currency market insights and forecasts and is based in London.
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RoboMarkets Main Features
☑️
Regulations
CySEC (Cyprus)
️🗺
Supported Languages
English, Spanish, German, Czech, Estonian, Hungarian, Italian, Polish, Croatian, Lithuanian, Swedish, Latvian
💰
Products
Currencies, Commodities, CFDs, Indices, ETFs, Stocks
️💵
Min Deposit
$100
💹
Max Leverage
1:500 (CySEC)
🖥
Trading Desk Type
Dealing Desk, ECN, Market Maker, No dealing desk, STP
See More
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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

RoboMarkets Video Review

Investor Protection & Regulations

“RoboMarkets Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC).”

RoboMarkets Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), as shown on the regulator’s register below:

The broker provides further security of client funds by following the below regulatory requirements:

  • Holding Funds in a segregated account from company funds.
  • Negative balance protection policy.

Tradable Products

“RoboMarkets offers clients the ability to trade on more than 12,000+ financial CFDs covering Forex, Stocks, Indices, ETFs, Soft Commodities, Energies, Metals.”

RoboMarkets offers clients the ability to trade on more than 12,000+ financial CFDs covering Forex, Stocks, Indices, ETFs, Soft Commodities, Energies, Metals. Below is a list of just some of the available markets for trading:

Forex ETFs
EURUSD The Health and Fitness ETF
GBPJPY SPDR S&P 500 ETF
AUDUSD USA Min Volatility MSCI Ishares
Shares Soft Commodities
Microsoft Soybean
Google Wheat
Adobe Energies
Visa Brent Crude
Indices WTI
GER 40 Metals
US 500 Gold
UK100 Silver

* Details regarding the available assets are taken from the RoboMarkets website and trading platform and are correct at the time of this review. You can find a more detailed list here.

Trading costs such as spreads and overnight funding (swap) rates vary depending on the account type opened and instrument being traded and are covered further down this review.

Account Opening

“RoboMarkets offers clients five main account types called Prime, ECN, R StocksTrader, ProCent and Pro. Demo accounts are also available.”

RoboMarkets offers clients five main account types called Prime, ECN, R StocksTrader, ProCent and Pro. Demo accounts are also available. The main features of each account are summarised in the below table:

Prime ECN R StocksTrader ProCent Pro
Min. deposit 100 USD / EUR / GBP 100 USD / EUR / GBP 100 USD / EUR / GBP 100 USD / EUR / GBP 100 USD / EUR / GBP
Average Spreads

from

From 0 pips From 0 pips From 0.01 USD From 1.3 pips From 1.3 pips
Commissions Yes Yes Yes No No
Leverage Up to 1:30 Up to 1:30 Up to 1:30 Up to 1:30

Users can open a new account in just four steps which are described below:

  1. Register: Name, email, password and contact number.
  2. Account Type: Select trading account type, currency, leverage and trading platform.
  3. Personal Information: Country of residence and address.
  4. Test: Includes questions to assess the user’s trading experience and knowledge of financial markets and products.
  5. Verify Identity: Proof of identity (passport or driving licence) and proof of residence (utility bill or bank statement – not more than 6 months old).

The client portal is shown below:

RoboMarkets Ltd only accepts residents within EU/EEA countries.

Deposit & Withdrawals Options

“RoboMarkets offers a wide variety of deposit and withdrawal methods such as debit/credit cards, bank wire, Neteller, Skrill, PayPal, WebMoney and more.”

RoboMarkets offers a wide variety of deposit and withdrawal methods such as debit/credit cards, bank wire, Neteller, Skrill, PayPal, WebMoney and more. The below tables show the fees, processing times and accepted currencies for some popular funding methods:

Deposits Currency Fee Processing Time
Debit/Credit Card USD, EUR, CHF, GBP, PLN, CZK 0% Instant
Bank Wire USD, EUR, CHF, GBP, PLN 25 USD,

10 EUR,

20 GBP,

150 PLN,

75 CHF

Up to 5 days
Neteller USD, EUR, MYR, IDR, AED, PLN 0% Instant
Skrill USD, EUR 0% Up to 1 day
PayPal EUR 0% Instant
WebMoney USD, EUR 0% Instant
Withdrawals Currency Fee Processing Time
Debit/Credit Card USD, EUR, CHF, GBP, PLN, CZK 2.4% Up to 10 days
Bank Wire USD, EUR, CHF, GBP, PLN 25 USD,

10 EUR,

20 GBP,

150 PLN,

75 CHF

Up to 5 days
Neteller USD, EUR, MYR, IDR, AED, PLN 1.9% Up to 1 day
Skrill USD, EUR 1% Up to 1 day
PayPal EUR 2%

(Max 5 EUR)

Up to 1 day
WebMoney USD, EUR 0.8% Up to 1 day

Clients can deposit and withdraw funds through the client portal.

Web & Desktop Trading Platforms

“RoboMarkets offers clients the ability to trade on the globally recognised MetaTrader 4 and MetaTrader 5 trading platforms, as well as the broker’s own proprietary R StocksTrader platform and the RoboMarkets terminal.”

RoboMarkets offers clients the ability to trade on the globally recognised MetaTrader 4 and MetaTrader 5 trading platforms, as well as the broker’s own proprietary R StocksTrader platform and the RoboMarkets terminal. The platform features are highlighted below:

RoboMarkets MetaTrader 4 (Web/PC)

  • Fully customisable
  • Advanced charting capability
  • Expert Advisors available (desktop only)
  • Over 50 built-in indicators

RoboMarkets MetaTrader 5 (Web/PC)

  • 21 timeframes
  • Built-in economic calendar
  • Ability to hedge trade positions
  • 30+ built-in indicators

R StocksTrader (Web)

  • Multiasset terminal.
  • Algorithmic strategy builder.
  • 38 technical indicators.
  • Pre-Designed Template Strategies.

RoboMarkets Terminal (Web)

  • Suitable for MT4 accounts.
  • 13 technical indicators
  • 9 tools for graphic analysis
  • Analytics from RoboMarkets experts

A screenshot of the RoboMarkets Terminal is shown below and is covered in more detail in the video review.

Mobile Trading Platforms

“RoboMarkets offers clients the ability to access mobile trading on the go from the MetaTrader 4, MetaTrader 5 and R MobileTrader apps for Android and iOS systems.”

RoboMarkets offers clients the ability to access mobile trading on the go from the MetaTrader 4, MetaTrader 5 and R MobileTrader apps for Android and iOS systems which can be downloaded from the Google PlayStore or Apple AppStore respectively.

The RoboMarkets mobile trading app provides a range of different features including:

  • Multiple asset classes.
  • Real-time pricing and interactive charts.
  • Live trading on the go.
  • Free professional charting tools.

The R MobileTrader app is covered in more detail in the video review.

Trading Features

“RoboMarkets offers a range of additional trading features including  R Strategy builder and a free Virtual Private Server (VPS).”

RoboMarkets offers a range of additional trading features including, R Strategy builder and a free Virtual Private Server (VPS). Each of these is explained below:

  • R Strategy builder: Allows users to create their own trading robot without any coding experience.
  • VPS: Offers a low-latency trading environment, superior execution and 24/7 uptime which is ideal for automated strategies.

Further, clients trading through the MetaTrader platform can access the MetaTrader marketplace to access thousands of additional trading tools and strategies.

Commissions & Spreads

“Trading costs with RoboMarkets vary depending on the account type, platform and the market traded with some accounts commission-free and some commission-based.”

Trading costs with RoboMarkets vary depending on the account type, platform and the market traded with some accounts commission-free and some commission-based.

The below table shows the average spreads for each account type:

Prime ECN R StocksTrader ProCent Pro
Average Spreads

from

Floating from 0 pips Floating from 0 pips from 0.01 USD Floating from 1.3 pips Floating from 1.3 pips

Commission structures for each account are shown below:

Pro Cent (for Currency and Metal CFDs):

  • Commission-free with spreads and swaps payable.

Pro (for Currency, Metal, Oil, Index and US Stock CFDs):

  • Commission-free with spreads and swaps payable.

ECN Accounts

  • Commission of $20 per million traded on Forex pairs.
  • Commissions of $5 per million traded on CFD Indices.
  • Commission of $20 per million traded on Metals.
  • Commission of $200 per million traded on US Stock CFDs.

Prime Accounts

  • Commission of $10 per million traded on Forex pairs.
  • Commission of $4 per million traded on CFD Indices.
  • Commission of $10 per million traded on Metals.
  • Commission of $150 per million traded on US Stock CFDs.

R Stocks Trader Platform

  • US Stocks (accounts with a deposit from $10,000) commission of 0.0045 USD per share with a minimum commission of 0.25 USD.
  • US Stocks commission of 0.02 USD per share with 1.5 USD minimum.
  • US Stock CFDs commission of 0.015 per share with 1.5 USD minimum.
  • European Stock CFDs commission of 0.07% with a minimum commission of 2.8 GBP.
  • Forex commission of 15 USD per 1 million base currency.

Overnight funding or ‘swap’ fees are charged on positions that remain open overnight (22:00) GMT. If positions are being held over the weekend a three-day ‘swap’ charge will be charged on Wednesdays.

The broker does not charge any inactivity account fees.

Bonus & Promotions

“In accordance with regulatory restrictions, RoboMarkets does not offer any bonuses or promotions to retail clients. However, professional clients can take advantage of the Profit Share Bonus, Classic Bonus and Cash Rebates. ”

In accordance with regulatory restrictions, the RoboMarkets (CySEC) entity does not offer any bonuses or promotions to retail clients. However, users who qualify for professional status can take advantage of the Profit Share Bonus, Classic Bonus and Cash Rebates. Additionally, each calendar month users can withdraw funds fee-free every first and third Tuesday of each calendar month.

Customer Support

“RoboMarkets offers multilingual customer support 24/7 via Phone, Live Chat and Email. There is also a detailed FAQ section that provides questions and answers across a variety of topics.”

RoboMarkets offers multilingual English, Portuguese, Spanish, Czech, German, Estonian, Latvian) customer support 24/7 via Phone, Live Chat and Email. There is also a detailed FAQ section that provides questions and answers across a variety of topics.

After submitting a question through the live chat we were connected to an agent who answered our question within 1 minute, as shown below:

Contact Information:

  • Address:
    • 169-171 Arch. Makarios III Ave., floor 8, 3027, Limassol, Cyprus.
  • Email:
    • info@RoboMarkets.com
  • Phone:
    • +357 25 123275
  • Social Media:

Research

“RoboMarkets offers a range of market research through the RoboMarkets Analytics Center which includes a News Feed, Technical Indicator Signals, Weekly Forex Forecasts, Financial Tools and an Economic Calendar.”

RoboMarkets offers a range of market research through the RoboMarkets Analytics Center which includes a News Feed, Technical Indicator Signals, Weekly Forex Forecasts, Financial Tools and an Economic Calendar. Some of the main research available is explained below:

  • News Feed: Key economic news feed providing regular forex market updates including market analysis and overviews.
  • Technical Indicator Signals: Includes market signals generated by various technical indicators such as BBands, Ichimoku, MA10, MA20, MA50, MA100 and more.
  • Weekly Forex Forecasts: Includes weekly analysis videos across various forex markets. Videos are uploaded to the broker’s YouTube channel.
  • Financial Tools: Includes tools such as a historical volatility graph, Fibonacci calculator, deal size indicator, currency converter and more.
  • Economic Calendar: Keep up to date with key market events and economic data releases across the globe.

Overall, the content is extensive and is suitable for beginner and advanced traders.

Trader Education

“RoboMarkets offers a great variety of educational material that includes Trading Strategies, MetaQuote videos, a Glossary, Global Economic Indicator definitions, Video Courses and an Ebook.”

RoboMarkets offers a great variety of educational material that includes Trading Strategies, MetaQuote videos, a Glossary, Global Economic Indicator definitions, Video Courses and an Ebook. Each of these is explained further below:

  • Trading Strategies: Explains various trading strategies including practical examples of how and when they should be used.
  • MetaQuote Videos: Includes various videos by MetaQuotes on hosting, signals and advisors.
  • Glossary: Includes a comprehensive list of key trading terminology and their definitions.
  • Global Economic Indicators: Includes the description and importance of various global economic definitions.
  • Video Courses: Contains informative videos on forex markets, chart patterns, technical analysis, chart indicators and more. The videos are animated and simple to understand.
  • Ebook: Includes a comprehensive beginners guide to the forex markets. Topics include an introduction to forex, technical and fundamental analysis as well as trading psychology and risk management.

Trading Experience

“RoboMarkets offers a competitive trading service to traders of all levels. The broker offers commission-free and commission-based accounts as well as access to 12,000+ financial CFD instruments covering Forex, Stocks, Indices, ETFs, Soft Commodities, Energies and Metals.”

RoboMarkets offers a competitive trading service to traders of all levels. The broker offers commission-free and commission-based accounts as well as access to 12,000+ financial CFD instruments covering Forex, Stocks, Indices, ETFs, Soft Commodities, Energies and Metals. Users can choose from multiple platforms including MetaTrader 4, MetaTrader 5, the broker’s proprietary R StocksTrader platform and the RoboMarkets Terminal.

There are five account types available called Prime, ECN, R StocksTrader, ProCent and Pro. ProCent and Pro accounts are commission-free whereas the Prime, ECN and R StocksTrader accounts are commission-based. Overall, the trading costs are competitive and transparent. Lastly, the research and education materials are comprehensive and there is a good variety of topics covered that makes it suitable for beginner and advanced traders.

FAQ

Is RoboMarkets regulated?

RoboMarkets Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC).

Where is RoboMarkets based?

169-171 Arch. Makarios III Ave., floor 8, 3027, Limassol, Cyprus.

How does RoboMarkets make money?

RoboMarkets makes money mainly through commissions, spreads and swaps on certain asset classes.

How do I deposit in RoboMarkets account?

Funds can be deposited into a trading account via debit/credit cards, bank wire, Neteller, Skrill, PayPal, WebMoney and more.

What is the min. deposit for RoboMarkets?

The minimum deposit is $100.

How do I withdraw money from RoboMarkets?

Withdrawals can be made via debit/credit cards, bank wire, Neteller, Skrill, PayPal, WebMoney and more.

What is the max leverage in RoboMarkets?

1:30.

How do I open an account with RoboMarkets?

An account can be opened at the click of a button on the RoboMarkets website and can be done in just a few steps.

Does RoboMarkets use MetaTrader?

Yes, MetaTrader 4 and MetaTrader 5.

Conclusion

“RoboMarkets Ltd is a Forex and CFD broker authorised and regulated by CySEC. The broker offers clients access to trade on more than 12,000+ financial CFD instruments covering RoboMarkets offers clients the ability to trade on more than 12,000+ financial CFDs covering Forex, Stocks, Indices, ETFs, Soft Commodities, Energies and Metals on the globally-recognised MetaTrader 4 and MetaTrader 5 trading platforms, as well as the broker’s own proprietary R StocksTrader platform and the RoboMarkets terminal.”

RoboMarkets is a Forex and CFD broker founded in 2012. It is an official partner of BMW M Motorsport and is authorised and regulated by the Cyprus Securities and Exchange (CySEC). The broker offers clients access to trade on more than 12,000+ financial CFD instruments covering RoboMarkets offers clients the ability to trade on more than 12,000+ financial CFDs covering Forex, Stocks, Indices, ETFs, Soft Commodities, Energies and Metals.

Users can choose from multiple trading platforms including the globally-recognised MetaTrader 4 and MetaTrader 5 trading platforms, as well as the broker’s own proprietary R StocksTrader platform and the RoboMarkets terminal. There are five account types called Prime, ECN, R StocksTrader, ProCent and Pro. ProCent and Pro accounts are commission-free whereas the Prime, ECN and R StocksTrader accounts are commission-based. Demo accounts are also available.

Deposits are fee-free across a range of popular payment methods including debit/credit cards, bank wire, Neteller, Skrill, PayPal, WebMoney and more. Withdrawals do mostly incur a fee, however, the broker does offer a promotion of fee-free withdrawals every first and third Tuesday of each calendar month.

The broker offers extensive market research and educational material including a News Feed, Technical Indicator Signals, Weekly Forex Forecasts, Video Courses, a Glossary, an Ebook and more. Multilingual customer support is also available 24/7 via Phone, Live Chat, Email.

  • CySEC regulated.
  • Commission-free trading available.
  • 12,000+ financial CFD instruments.
  • MetaTrader 4 and MetaTrader 5 platform available.
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)
Publicly Traded
No
Number Of Employees
0-50
Trading Desk Type
Dealing Desk, ECN, Market Maker, No dealing desk, STP
Trading platforms
MT4, MT5, rmobiletrader, MT4 Multiterminal, WebTrader, R WebTrader, rstocktrader
Restricted Countries
United States, China, Russian Federation, Japan, United Kingdom, Algeria, Bahamas, 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, Egypt, Equatorial Guinea, Eritrea, Gabon, Ghana, Jamaica, Jordan, Kazakhstan, Kenya, North Korea, Iraq, South Korea, Kuwait, Kyrgyzstan, Laos, Guinea, Guinea-Bissau, Malawi, Lesotho, Rwanda, Liberia, Micronesia, Morocco, Oman, Malaysia, Maldives, Mali, Mauritania, Mexico, Namibia, Nepal, New Zealand, India, Nicaragua, Honduras, Niger, Nigeria, Palau, Papua New Guinea, Peru, Qatar, Indonesia, Gibraltar, Grenada, Guatemala, Iran, Nauru, Saint Lucia, Sao Tome and Principe, Bermuda, Togo, Cayman Islands, Macao, Haiti, Suriname, Puerto Rico, Sudan, Saudi Arabia, Guernsey, Yemen, Australia, Tunisia, Tanzania, Singapore, Panama, Angola, United Arab Emirates, Trinidad and Tobago, Mayotte, Tonga, Isle of Man, French Polynesia, Solomon Islands, Swaziland, Thailand, Antigua and Barbuda, Mauritius, Argentina, Azerbaijan, Bangladesh, Curacao, Ukraine, Timor-Leste, Vanuatu, Virgin Islands, British, Northern Mariana Islands, Botswana, Turkmenistan, New Caledonia, Seychelles, Palestine, Tuvalu, Uganda, Brazil, Brunei, Cambodia, Central African Republic, Chile, Comoros, Dominican Republic, Kiribati, Saint Kitts and Nevis, Aruba, Libya, Guam, El Salvador, Syria, Ethiopia, Fiji, Pakistan, Gambia, Sierra Leone, Taiwan, Marshall Islands, Uruguay, Israel, Senegal, Uzbekistan, Tajikistan, Vietnam, Venezuela, Zambia, Faroe Islands, Cook Islands, Lebanon, Madagascar, Mongolia, Mozambique, Myanmar, Paraguay, Philippines, Hong Kong, Somalia, South Africa, South Sudan, Sri Lanka, Guyana, Zimbabwe, Ecuador, Saint Vincent and the Grenadines, Samoa, Afghanistan
Supported Languages
English, Spanish, German, Czech, Estonian, Hungarian, Italian, Polish, Croatian, Lithuanian, Swedish, Latvian
Min Deposit
$100
Max Leverage
1:500 (CySEC)
Deposit Options
Wire Transfer, Credit Card, PayPal, Skrill, Neteller, Webmoney, Moneybookers
Withdrawal Options
Wire Transfer, Credit Card, PayPal, Skrill, Neteller, Webmoney, Moneybookers
Fixed Spreads
No
Commission On Trades
Yes
Products
Currencies, Commodities, CFDs, Indices, ETFs, Stocks
Mini Account
Yes
Premium Account
Yes
Demo Account
Yes
Islamic Account
No
Segregated Account
Yes
Managed Account
No
Institutional Account
No
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