Traders Union Reviews: RoboMarkets
Traders Union
Your guide to the world of financial markets. Online Trading Starts Here!
RoboMarkets offers a comprehensive range of features and tools tailored to meet the diverse needs of traders. With its multi-asset brokerage services, the platform boasts over 3,000 tradable instruments, catering to both institutional and retail clients across Europe.
Key features include competitive trading fees, starting with a minimum deposit of $100 across all account types, as well as access to various trading platforms such as MetaTrader 4, MetaTrader 5, and R StocksTrader. Additionally, RoboMarkets provides good customer support through multiple channels, and has a wide array of deposit and withdrawal options.
How to start trading with RoboMarkets?
To begin trading with RoboMarkets, individuals can follow a simple process. First, they need to open an account by completing the registration form on the RoboMarkets website. Once the account is verified, users can choose their preferred trading platform and account type based on their trading preferences and experience level. After depositing funds into their account, traders can start exploring the diverse range of financial instruments and executing trades according to their strategies.
What is the minimum deposit at RoboMarkets?
The minimum deposit requirement at RoboMarkets varies depending on the type of account chosen. Generally, the minimum deposit across all account types is $100.
Is RoboMarkets legal?
Yes, RoboMarkets is a legal and regulated broker. It operates under the oversight of the Cyprus Securities and Exchange Commission (CySEC) with license number 191/13, ensuring compliance with regulatory standards and guidelines. Additionally, RoboMarkets adheres to anti-money laundering (AML) and know your customer (KYC) policies, further establishing its legitimacy and commitment to maintaining a secure trading environment for its clients.
What does RoboMarkets trade?
RoboMarkets broker offers a wide range of market instruments for various asset classes (more than 12,000), including S&P 500, FTSE 100, DAX 30 indices, which allows it to effectively diversify any trading portfolio.
Key information about RoboMarkets
RoboMarkets emerged in 2012 and gained its European broker license in 2013. It operates under the regulation of the Cyprus Securities and Exchange Commission (CySEC) with license No. 191/13. The company caters to both institutional and retail clients across Europe, offering a diverse range of financial services. With a portfolio of over 3,000 trading instruments, RoboMarkets is recognized as a multi-asset broker. Notably, the minimum deposit across all account types is set at $100, without constraints on subsequent deposits.
Accessible round the clock, RoboMarkets offers customer support through a team of multilingual specialists available via Live Support. This service ensures prompt assistance for any inquiries or issues that may arise.
To enhance convenience for its clients, RoboMarkets facilitates transactions through more than 20 payment systems, enabling seamless deposit and withdrawal of funds. Moreover, clients gain access to six major global markets through RoboMarkets accounts and platforms, broadening their trading opportunities.
RoboMarkets further accommodates diverse client needs by supporting seven account currencies, including USD, EUR, GOLD, CHF, GBP, PLN, and CZK. This feature allows clients to conduct transactions using their preferred national currency, streamlining their collaboration with the broker.
Trading Condition Description
Minimum Deposit
$100 for all account types
Leverage
Up to 1:1000, depending on the account type
Instruments for Trading
Forex (currency pairs), ETFs, index CFDs, oil CFDs, CFD on European and U.S. stocks, real securities
Account Currency
USD, EUR, CHF, GBP, GOLD
Average Spread
0.74 pips for Standard account, 1.4 pips for Active account
Margin Call / Stop Out
40% / 10% - 60% / 40%
Liquidity Providers
3
Trading Instruments
3,000+
Trading Platforms
6 (R StocksTrader, TradingView, R WebTrader, R MobileTrader, MetaTrader 4, MetaTrader 5)
Trade with RoboMarkets if:
Do not trade with RoboMarkets if:
Investment programs, available markets and products of the broker
Trading conditions for RoboMarkets user
The minimum deposit required across all RoboMarkets accounts stands at $100. Specifically, for trading stocks via the R StocksTrader platform and copying trades through the CopyFx platform, the minimum deposit remains at $100. Depending on the type of account, the spread varies: floating from 0 pips on Prime and ECN accounts, and floating from 1.3 pips on Pro and ProCent accounts. These accounts offer the opportunity to trade 36 currency pairs, metals, and CFDs.
RoboMarkets provides access to various trading applications, including MetaTrader 4, MetaTrader 5, R StocksTrader, TradingView, R WebTrader, and R MobileTrader. Additionally, users can utilize the web terminal for both real and demo accounts.
Leverage ratios range from 1:300 to 1:500, contingent upon the account type, in compliance with regulatory requirements. Notably, the cent account offers leverage of up to 1:2000. While standard accounts allow manual leverage increase up to 1:2000 during registration, this option is subject to specific regulations.
Account type Spread (minimum value for EUR/USD) Withdrawal commission
Pro
1,3
No
Pro-Cent
1,3
No
ECN
$20/mio
No
Prime
$10/mio
No
Comparison with competitors
Broker Average commission Level (Low/Medium/High)
$1
Low
$2
Medium
$2.5
High
Service for copying trades
RoboMarkets offers a copy trading service known as CopyFx, allowing users to replicate trades made by seasoned traders. This service is tailored to assist traders, especially beginners, in generating passive income by mirroring the trades of experienced counterparts. Utilizing a fully automated system, CopyFx minimizes user intervention, ensuring efficient access to funds.
A notable advantage of RoboMarkets CopyFx is its low minimum deposit requirement, set at $10, catering to traders with diverse investment capacities. Moreover, the platform extends various bonuses for new traders, including a $30 Welcome Bonus and a classic bonus of up to 120% on initial deposits. Additional incentives include cashback on fees and an extra 10% in funds for significant trading activity.
To facilitate stable income generation, the platform offers a comprehensive suite of features, including professional analytics and technical tools, empowering users to make well-informed decisions amidst the dynamic Forex market. CopyFx is accessible across multiple trading applications, such as MetaTrader 4, MetaTrader 5, CTrader, R StocksTrader, and a web terminal catering to both real and demo accounts.
The CopyFX system enhances trading opportunities for both investors and traders alike. For investors, it offers the flexibility to copy orders from selected traders, paying them commissions based on either volume or performance fees, depending on the agreement. Traders, on the other hand, can opt for various commission schemes, including volume-based fees or performance-based fees, tailored to their preferences. Additionally, traders can choose to forego commissions, focusing on building investor loyalty through competitive advantages.
RoboMarkets affiliate program
RoboMarkets also offers an affiliate program also referred to as the "Agent" affiliate program, allowing individuals and businesses to earn commissions by referring new clients to the brokerage platform. This program features a multi-level commission system, enabling partners to earn commissions not only for clients they directly attract but also for those acquired by their sub-partners. To participate, individuals can open an affiliate account in their Members Area or register as a Partner. Upon registration, they receive two affiliate accounts for receiving commissions. Agents primarily attract new clients to RoboMarkets by promoting the brokerage through various channels, such as social networks, message boards, or blogs. Commissions are calculated as a percentage of the spread or commission paid by referred clients and are deposited into the affiliate accounts accordingly. The multi-level commission system extends up to Level 5, ensuring partners receive commissions for clients within their referral network.
Investment Education Online
Information
A large training section has been created on the RoboMarkets website. Each trader will receive the necessary information for successful trading — from the basics of the Forex market to analytics, reviews of trading strategies, advisors, and indicators.
Information available in the Analysis and Education section Information not available at the RoboMarkets website
Free video course on the basics of Forex, technical and fundamental analysis, trading psychology, etc.
Detailed theory on each issue. The broker focuses on practice
How to open a trading account
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How to begin Forex trading
How to trade NASDAQ and NYSE stocks
The company's specialists recommend opening a demo (practice) account and educating yourself by obtaining and later applying theoretical knowledge in practice by actually trading on the demo account, thereby combining theory and practice. Thus, you will gain valuable experience and the necessary skills to work on a real account.
Bonuses paid by the Broker
RoboMarkets presents the Classic Bonus program, which entails certain provisions and conditions. This bonus, categorized as a deposit bonus, offers clients a percentage of the deposited amount, accessible through the automatic deposit system in the Members Area. Clients have the flexibility to choose bonus amounts ranging from 25% to 120%. Notably, this bonus is applicable to MetaTrader 4/MetaTrader 5-based cent or standard accounts, provided the account doesn't already have Profit share.
Upon depositing funds, the bonus is automatically transferred to the client's account if they have opted for it during the depositing process. The bonus program operates exclusively through the automatic deposit system in the Members Area, excluding other deposit methods from participation. There are caps on the maximum bonus amount per client, varying based on verification status.
Clients can have a maximum of 20 bonuses on a single account and up to 100 bonuses across all accounts within a single Members Area. The program imposes no restrictions on the total number of bonus accounts or operations, and there are no limitations on partner commissions for bonus accounts, except for clients from Malaysia and Thailand who are ineligible for the "Classic bonus" program.
In terms of utilization, funds on the client's account are segregated into two categories: the client's own funds and bonus funds. The client's own funds, comprising deposits, withdrawals (excluding bonuses), and associated profits, can be freely used for trading. However, bonus funds cannot be utilized during a "drawdown" scenario, where they will be deducted from the account if the Equity falls below the total sum of all active bonuses.
Customer support service
Advantages Disadvantages
Multilingual customer service, catering to traders worldwide.
Occasional longer response times for live chat due to question volume and time of day.
Responsive and adaptable live chat assistance.
Difficulty accessing support in less commonly used languages, particularly for users in developing countries.
Email support for written inquiries, with clear and concise responses.
Potential delays in email processing in regions with poor internet connectivity.
Comprehensive knowledge base with FAQs, tutorials, and guides for trader assistance.
Lack of 24/7 customer service availability, posing limitations for some traders.
Various communication channels including live chat, email, phone, and help center, offering flexibility to users.
Clients can contact RoboMarkets specialists in several ways:
Contacts
Registration address 169-171 Arch. Makarios III Ave., floor 8, 3027, Limassol, Cyprus
Regulation
FCA UK registration no. 608962 BaFin registration no. 134922 ACPR registration no. 55177 CNMV registration no. 3576 and 24 others
Official site
Contacts
+357 25 123275 [email protected]
How to start making profits — Guide for traders
RoboMarkets offers several types of accounts to choose from. Standard options are EUR, USD, and you can also choose a non-standard option, like gold. Working with a deposit replenished with the gold instrument, a trader earns not only from trading but also from changes in gold quotes, a protective asset.
To start working with RoboMarkets, you need to open an account.
Account Type Description
Pro
Classic accounts for beginners and professionals are suitable for small volume trading.
Pro-Cent
Cent accounts with spreads from 1.3 pips are ideal for testing strategies and trading advisors. Top up your account with $10 and you can open positions of 1000 base units.
ECN
ECN (electronic communications networks) is a professional trading account with zero spreads and maximum liquidity. This is suitable for trading large amounts of assets.
Prime
This is a new type of account developed by broker specialists for experienced traders. The account combines the best characteristics of ECN accounts, which are: minimum deposit of $10; spreads from 0 pips; and popular trading instruments like 28 currency pairs, metals, CFDs.
R StocksTrader
This is an account for trading real stocks on the stock market. The minimum deposit is $100; the number of available assets is more than 12,000. There are specific fees based on the number of shares in a trade.
The broker also offers Islamic accounts, where the standard swap fee is replaced with a fixed fee without the link to bank interest rates.
For trading in RoboMarkets, both classic MT4 and MT5 platforms and a web browser, and mobile versions, including C Trader and R StocksTrader, are provided.
For a more comfortable start, the broker offers several bonus programs at once. Although the bonuses accrued to the deposit cannot be withdrawn, they can be used in trading. And the money already earned on bonuses can be withdrawn without any problems.
Review of the personal cabinet
To facilitate your work with RoboMarkets and to become comfortable using its terminal, we will give you step-by-step instructions for entering the broker's account and we will give you an online tour of its platform.
1. You can enter your RoboMarkets personal account from the main page on the broker's website by clicking the "Sign In" button.
Login and registration on the RoboMarkets website
2. Authorization on the site must be carried out by entering the registered email address and password and confirming the login.
Authorization on the RoboMarkets website
3. In your RoboMarkets personal account, you will have access to the main sections allowing you to:
1 Open a trading account and fund it:
RoboMarket personal account - Account opening
2 Download the trading platform:
RoboMarket personal account - Trading platform
3 Take advantage of the broker's bonuses:
RoboMarket personal account - Bonuses
4 Take part in the broker's investment programs:
RoboMarket personal account - Investment programs
5 Make a Deposit.
Besides, in your account on the RoboMarket website, you will find:
Deposit and withdrawal
Deposit and withdrawal methods are available to clients through various channels with different fees and processing times. Local bank transfers offer a fee range from 0% to 4% with processing times of up to one day for both deposit and withdrawal, accommodating transactions up to $15,000 for deposits and $20,000 for withdrawals. Electronic payments via payment systems like AstroPay and Skrill incur varying fees, with AstroPay having a 0% fee and Skrill charging 1% for withdrawals. Processing times for these methods are generally up to one day, with limitations on transaction amounts. Bank cards, including VISA, MasterCard, JCB, and CUP, involve a 0% fee for deposits and up to 2.6% plus $1.3 for withdrawals. Processing times range from up to one day for deposits to up to ten days for withdrawals, with deposit and withdrawal limitations ranging from $10 to $10,000. QR codes and vouchers are available with a 0% fee for deposits, processed within a day, accommodating deposits from $10 to $500. These options provide flexibility for clients.
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