RoboMarkets Review

RoboMarkets

RoboMarkets, a Forex broker with over 10 years of experience, holds a CySEC license acquired in 2013. Targeting European customers, it offers attractive trading conditions, reduced spreads since 2014, and added MT5 as a trading platform in 2015. With over 12,000 instruments, including 3,000 stocks from NYSE and NASDAQ, traders have a wide range of options. The broker provides 24/7 multilingual customer service through various channels and has received awards such as Best Stock Broker in Europe 2023 and Safest European Broker 2023. RoboMarkets offers zero fees for deposits, free withdrawals twice a month, and accepts popular payment methods like wires, cards, and PayPal. To ensure user funds' safety, the broker employs security measures such as negative balance protection, segregated bank accounts, and participation in an investor compensation fund. The broker insures up to €20,000 and offers two-step authentication for enhanced security against hacking.
Countries
Afghanistan, Albania, Algeria, Andorra +163 more
Regulations
CySEC, FSC Belize
Account currencies
EUR, USD, XAU
Assets
CFDs on Stocks, Crypto CFDs, ETFs, Energies, Futures, Indices, Precious metals, Soft Commodities
Platforms
MT4, MT5, cTrader, Custom
Deposit methods
AdvCash, AstroPay, Bank Transfer, Credit Card, Neteller, Perfect Money, Skrill
Others
Segregated accounts, Cent Accounts, Copy trading, Demo account, ECN, Exotic Pairs, Expert Advisors, Fast withdrawals, Hedging allowed, High leverage, Lowest minimum deposit, Negative balance protection, Part of compensation scheme
Promos
Deposit bonus, Welcome bonus, options.promos["Referral promotions"]
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RoboMarkets offers a diverse range of trading accounts, including Prime, ECN, R StocksTrader, ProCent, Pro, and ISK, catering to traders with varying budgets and experience levels. Starting with just $100, these accounts provide flexibility for European citizens. The Prime account features floating spreads from 0.1 pips, 1:30 leverage, a minimum lot size of 0.01, and a trading commission of 10/mio. Similarly, the ECN account offers spreads starting from 0.1 pips, higher commissions of 20/mio, and a minimum lot size of 0.01 lots. Both accounts provide 28-36 CFDs for Forex, indices, cryptos, and commodities. For stock trading, the R StocksTrader account offers over 12,000 instruments, mostly CFDs for stocks, with a minimum deposit of $100 and spreads starting from $0.01. Commissions vary, with rates of $0.009 per share for US stocks, $0.025 per share for EU stocks, $0.02 per share for US CFDs on stocks, and 0.07% for CFDs on EU stocks. For Forex, the commission is $15 per million traded, and for indices, it is variable. Trading real stocks on the R StocksTrader account requires an initial deposit of $10,000, with deposit commissions ranging from $0.5 to $2, depending on the stock's region. Maximum leverage is 1:2 for real stocks and 1:5 for CFDs on stocks. The ProCent account has a $100 minimum deposit requirement, spreads starting from 1.3 pips, and no commissions. The Pro account offers 1.3 pips spreads, zero commissions, a minimum lot size of 0.01, a $100 minimum deposit requirement, and 1:30 leverage for retail clients. The ISK (Investment Savings Account) is a special account tailored for Swedish clients, specifically for US stock and ETFs trading on the R StocksTrader account. It features floating spreads from 0 pips and a trading commission of $0.009 per share.

FAQs about RoboMarkets

Is RoboMarkets legit?

Yes, RoboMarkets is a legitimate Forex broker with over 10 years of experience, a CySEC license, and various security features in place to protect user funds. Negative balance protection is available.

Is RoboMarkets a good broker?

RoboMarkets is a reputable broker that offers appealing trading conditions, a wide range of instruments, and quality customer service and has received awards for being the Best Stock Broker in Europe and the Safest European Broker in 2023.

Does RoboMarkets offer a cent account?

Yes, RoboMarkets offers a cent account called the ProCent account, which requires a minimum deposit of 100 USD, has commission-free trading, a minimum lot from 0.01, and spreads starting from 1.3 pips