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RoboForex Review

Steven Hatzakis

Written by Steven Hatzakis
Edited by John Bringans
Fact-checked by Joey Shadeck

June 24, 2024

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

RoboForex is a mature multi-asset forex broker with multiple account types, proprietary trading platforms for web and mobile, and a respectable range of markets. The biggest drawbacks at RoboForex include a general lack of educational content and scarce research resources outside of Trading Central and Acuity Trading.

RoboForex (RoboMarkets)
4/5 Stars Overall
  • Minimum Deposit: $100
  • Trust Score: 73
  • Tradeable Symbols (Total): 8400

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RoboForex pros & cons

thumb_up_off_alt Pros

  • Offers the full MetaTrader suite (MT4 and MT5) as well as TradingView and the broker’s proprietary “R StocksTrader” platform – all of which support algo trading.
  • Offers nearly 3,000 tradeable symbols (up to 8,400 are available on R StocksTrader).
  • Holds $2.5 million in civil liability insurance.
  • Offers Copy Trading as part of its CopyFX program.
  • Offers popular research tools like Acuity Trading, Trading Central, and various plugins for MetaTrader.
  • RoboForex is a Category A member of the Financial Commission, an external dispute resolution (EDR) organization for forex brokers.

thumb_down_off_alt Cons

  • Few educational resources – articles or videos – are available.
  • Little to no research content
  • You can’t open a demo account unless you’ve already opened a live trading account.
  • Average spreads are high on the Procent and Pro accounts.
  • RoboForex is no longer regulated by the FCA in the UK, as of April 2024.
  • The broker’s blog and YouTube channel content are both outdated.

Overall Summary

RoboForex provides a decent range of markets, platforms, and account types across its various entities to cater to a range of trading styles. That said, the lack of multiple Tier-1 licenses brings down its Trust Score, and despite a growing selection of research from third parties, its educational content is limited and its blog has not been updated in some time.

Feature RoboForex (RoboMarkets) logoRoboForex (RoboMarkets)
Overall Rating info 4/5 Stars
Trust Score info 73
Offering of Investments 5/5 Stars
Commissions & Fees 3.5/5 Stars
Platform & Tools 4/5 Stars
Research 3.5/5 Stars
Mobile Trading 4/5 Stars
Education 3/5 Stars

Is RoboForex safe?

Trust Score

RoboForex is considered Average Risk, with an overall Trust Score of 73 out of 99. RoboForex is not publicly traded, does not operate a bank, and is authorised by one Tier-1 regulators (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulator (Average Risk), and two Tier-4 regulators (High Risk). RoboForex is authorised by the following Tier-1 regulators: European Union via MiFID.

Feature RoboForex (RoboMarkets) logoRoboForex (RoboMarkets)
Year Founded info 2009
Publicly Traded (Listed) info No
Bank info No
Tier-1 Licenses info 1
Tier-2 Licenses info 0
Tier-3 Licenses info 0
Tier-4 Licenses info 2

RoboForex platforms and tools

About RoboForex

Founded in 2009, RoboForex (and its EU subsidiary, RoboMarkets) has matured into an established provider of multi-asset trading platforms with numerous account types available under the brand’s respective regulatory licenses.


Is RoboForex a scam?

RoboForex is not a scam – though the broker has been impersonated by potential scammers in the past. RoboForex (and its EU-based RoboMarkets brand) holds three regulatory licenses; the RoboForex entity holds licenses in Belize and Seychelles, and the RoboMarkets brand holds a license in Cyprus.

file_copyWatch out for copies!

Scammers will often impersonate legitimate brokers via a strategy called “cloning.” It’s important to know the difference between a bogus website and your broker’s domain – learn more about how to avoid forex scams.

What is the minimum deposit at RoboForex?

Your minimum deposit requirement at RoboForex will depend on your chosen account type and deposit method. The minimum deposit required for the Pro, ProCent, Prime, and ECN accounts is $10 (or, €10). However, RoboForex requires a minimum deposit of $100/€100 for its proprietary R StocksTrader platform.

Does RoboForex have a deposit bonus?

RoboForex offers deposit bonus promotions from time to time. Your eligibility for deposit bonuses at RoboForex may depend on which of the broker’s entities holds your account and/or your country of residence.

For example, RoboForex advertises a $30 deposit bonus for clients who deposit at least $10. That said, it’s important to note that any subsequent losses are subtracted from your own balance first – not from the bonus amount.

This deposit bonus promotion is only available on the ProCent and Pro accounts for MetaTrader 4 or MetaTrader 5, and there are additional requirements as per the program conditions for the RoboForex deposit bonus. The rules for these promotions are always subject to change; make sure that you fully read the fine print before signing up with a broker with the express purpose of receiving a deposit bonus.

2024 Review Methodology

At, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).

Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.

We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.

Some of the other important research categories that are factored into our testing include mobile trading accessibility and capability, availability of market research and educational content, and each broker’s overall Trust Score.

All content on is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Read our Generative AI policy to learn more.

Read our full explanation and accounting of our research and testing process to learn more about how we test.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks.

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About the Editorial Team

Steven Hatzakis
Steven Hatzakis

Steven Hatzakis is the Global Director of Research for Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

John Bringans
John Bringans

John Bringans is the Senior Editor of An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.

Joey Shadeck
Joey Shadeck

Joey Shadeck is the Content Strategist and Research Analyst for He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.