General Information & Regulation
Established in 2012, RoboMarkets Ltd (ex. RoboForex (CY) Ltd) is a European broker offering investors access to 8 asset classes and over 12,000 trading instruments. In addition to this, Robomarkets' professional clients have access to a professional trading platform and cutting-edge proprietary technology and are provided with 24/7 service. Robomarkets Ltd. is currently authorized and regulated by CySEC in Cyprus (license number: 191/13).
Market Instruments
With Robomarkets, traders can trade a series of financial instruments including Forex currency pairs, indices, stocks, metals, exchange-traded funds, commodities, and energy.
Minimum Deposit
To meet different investors' investment needs and trading experience, Robomarkets offers five different account types, namely, the Prime Account, ECN Account, Pro Cent Account, Pro Account, and R Trader Account. The minimum initial deposit for all trading accounts is $100/100€/100£, reasonable for most regular traders to get started.
Robomarkets Leverage
As an EU-regulated broker, the CEO has ensured that leverage is capped at 1:30 for retail clients. Margin requirements may also vary based on trader experience and knowledge. This is determined at the registration stage.
The maximum leverage rates available are:
Note, professional traders can qualify for leverage up to 1:300
Spreads & Commissions
Some major average spreads are 3.1 pips on AUDCAD, 2.0 pips on GBPUSD, 1.6 pips on EURGBP, 1.3 pips on EURUSD in the ProCent account. The spreads on the Pro account is almost same as the ProCent account. No additional commissions are required for these two accounts. Major currency pairs spreads start from 0 pips on the ECN and Prime accounts, with commissions of 10 mio ( 10 USD per million) and 20 mio (10 USD per million) , respectively.
Trading Platforms
Robomarkets offers traders a variety of trading platform options, including MT4, MT5, R Trader, and Robomarkets Terminal. MT4 & MT5 are two of the most famous trading platforms with powerful charting tools, a large number of technical indicators, allowing running automated trading via EA. R Trader is a brand new trading platform with powerful desktop features, advanced chart exploration, the ability to trade over 12,000 instruments, build automated strategies, and more.
Deposit and withdrawal
Robomarkets supports traders to deposit and withdraw funds from their investment accounts through a range of convenient payment methods, such as wire transfer, GiroPay, Trustly, Sofort, PayPal, WebMoney, Skrill, FasaPay, Neteller, Visa/MasterCard, etc. You can withdraw and deposit funds to your investment account.
Trading Hours
Opening hours vary by instrument. The forex market is open 24/5, Monday to Friday. RoboMarkets terminals operate on a UTC +2 server time. A calendar with details of market holidays is published on the brokers website
Customer Support
Users can get in touch with the customer support team 24/7 via online contact form, email – info@robomarkets.com, live chat, English telephone – +357 25 123275 (visit the brokers website for the helplines in other languages). A comprehensive FAQ section is also available for traders to get some basic answers.
