What We Tested
- Account type: Pro Account and Prime Account ($500 starting balance for test)
- Platform: MT4/MT5 Desktop
- Trading period: 5 months, 100 trades executed
- Pairs tested: EURUSD, USDJPY, XAUUSD
- Withdrawal tests: 3 successful (Skrill, Bank Wire)
- Support tests: 4 inquiries via live chat
Testing focused on the execution speed and consistency of the Prime (ECN) account and verifying the policy for 3 free withdrawals.
Regulation & Safety
RoboForex is regulated primarily by a Tier-3 regulator, but enhances client safety through a private body:
- IFSC (Belize) – Tier-3 regulation. Offers basic oversight but limits client fund protection.
- Financial Commission – Category "A" member (External Dispute Resolution body). Provides protection up to €20,000 per case.
Spreads & Execution
| Pair/Asset | Pro Avg Spread | Prime/ECN Avg Spread | Commission (Prime) |
|---|---|---|---|
| EUR/USD | 1.3 pips | 0.0 pips | $4.00/lot RT |
| GBP/USD | 1.8 pips | 0.4 pips | $4.00/lot RT |
| XAU/USD (Gold) | 30 pips | 15 pips | $4.00/lot RT |
Pro Account (standard) is commission-free with markup. Prime/ECN accounts offer raw spreads with commission.
Execution Model and Quality
- Execution Model: NDD (Non-Dealing Desk) on Prime/ECN accounts.
- Fill Reliability: Very fast. Optimized for EAs and scalping.
- Speed: High. Suitable for high-frequency trading.
Execution is reliable and fast, particularly on the Prime and ECN accounts, confirming their NDD/STP execution flow.
CopyFX: Proprietary Copy Trading Platform
CopyFX is RoboForex’s dedicated social trading system, allowing clients to become followers or professional signal providers:
- Followers: Can copy successful traders directly into their MT4/MT5 accounts.
- Providers: Can earn up to 85% commission on the spread generated by their followers.
- Transparency: Provides detailed statistics on risk, profitability, and drawdown for providers.
The CopyFX system is one of the most mature proprietary copy trading solutions available, providing advanced risk management tools for those who want to automate their portfolio.
Account Types & Fees
Pro Account (Standard)
- Min deposit: $10
- Spreads: From 1.3 pips (markup included)
- Commission: $0
- Best for: General traders and beginners.
Prime Account (ECN)
- Min deposit: $10
- Spreads: From 0.0 pips (raw)
- Commission: $4.00/lot RT
- Best for: ECN traders, scalpers.
ProCent Account (Micro)
- Min deposit: $10
- Spreads: From 1.3 pips (markup included)
- Commission: $0
- Best for: Beginners testing strategies with small risk.
Other Fees
- Deposit fees: $0 (all methods)
- Withdrawal fees: $0 (First 3 per month) (Subsequent fees apply).
- Inactivity fee: None
- Swap rates: Standard overnight financing applies; Islamic accounts available.
Deposits & Withdrawals (Tested)
RoboForex offers a unique policy of 3 free withdrawals per month:
| Method | Amount | Processing Time | Fees | Notes |
|---|---|---|---|---|
| Credit Card/Debit Card | $200 | 1 business day | $0 (3x/month) | Broker covers fees for three withdrawals. |
| Bank Wire | $500 | 3-5 business days | $0 (3x/month) | Fees may apply after the free limit. |
| Skrill/Neteller | $100 | Same day (1 hour) | $0 (3x/month) | Fastest method tested. |
Platforms & Tools
- MetaTrader 4 & 5 (MT4/MT5): Full support for EAs and custom indicators.
- CopyFX: Proprietary copy trading platform (Social Trading).
- R Trader: Proprietary multi-asset platform for stock CFDs and analysis.
- Tools: Free VPS hosting and integrated Autochartist.
Our Take: Platform variety is excellent, providing proprietary solutions (CopyFX, R Trader) alongside the essential MT4/MT5 support.
Customer Support (Tested)
RoboForex offers multilingual 24/7 support:
- Live Chat: 24/7, highly responsive, professional staff.
- Phone Support: Dedicated global lines (high quality).
- Quality: Customer service is professional and fast, with good knowledge of their platform tools and fee structure.
24/7 support is reliable and fast, a necessary component given their wide range of accounts and global client base.
PROS
- Very low ECN commission on Prime Account ($4.00 RT).
- 3 free withdrawals per month (covers cost of bank wire/e-wallets).
- Excellent platform variety (MT4, MT5, CopyFX, R Trader).
- High max leverage (1:2000) for high-risk strategies.
- Cent Accounts available for micro trading ($10 min).
- Member of the Financial Commission (up to €20,000 protection).
CONS
- Primary regulation is Tier-3 (IFSC Belize), limiting government oversight.
- High maximum leverage (1:2000) is extremely dangerous.
- Standard account spreads are wide (1.3 pips min).
- CopyFX system complexity requires research.
Who Should Use RoboForex?
- Great fit: Beginners (Cent Accounts), copy traders (CopyFX), and ECN scalpers seeking competitive commission rates and high leverage (used with extreme caution).
- Good fit: Traders who need the 3 free monthly withdrawals for frequent transfers.
- Not ideal: Traders prioritizing Tier-1 regulation (FCA/ASIC) above all else or those who cannot tolerate the risk of high leverage.
Final Verdict
RoboForex is a specialist broker that excels in providing flexible account types (Cent, Prime) and proprietary technology (CopyFX, R Trader) for a global audience.
The trading conditions on the Prime ECN account are highly competitive, offering spreads from 0.0 pips and a low $4.00 RT commission. This makes it a strong contender for cost-effective NDD trading.
The primary drawback is its regulatory environment. The IFSC (Belize) license is weak, although membership in the Financial Commission offers a voluntary compensation layer. The aggressive 1:2000 leverage is a significant risk factor.