The stop-out threshold has been set at 10%, with bonuses and rebates available. The account allows one-click trading and provides Islamic account choices. RoboForex is a broker that prioritizes the safety and security of its clients by adhering to strict regulations set by Belize’s International Financial Services Commission (IFSC). The information provided on this website, TheFXGeek.com, is for informational and educational purposes only. To save the xcritical scam profile, click File – Profiles – Save As – enter name. Alternatively, click a button with the name of the active profile at the bottom of the terminal and choose the one you need from the unfolding list.
- I like the hassle-free account opening process at RoboForex.
- It is suitable for both currency and other types of markets.
- For example, SEPA withdrawals cost 1.5%, local bank transfers might cost up to 4%, and AstroPay withdrawals cost 0.5%.
- To customize the chart, one has to either go to “Charts” menu or right-click on the chart and choose “Properties” (F8).
- Another way to open a new order is using “One click trading” function.
Yes, RoboForex’s spreads might change between trading sessions, especially during moments of extreme market volatility or low liquidity. This account option is available for both penny and regular MT4 accounts. Implementing a predetermined commission ensures that no swap charges are incurred when positions roll over into subsequent days. While gains or losses are illusory, the acquired experience is vital for fortifying confidence levels while advancing proficiency in trading abilities. Furthermore, the account does not allow for Islamic swap-free options, although it offers cashback incentives instead of deposit bonuses.
Trade with Confidence!
Additionally, it offers unique functionality and opportunities specific to MQL platforms. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs.
How to connect VPS to MetaTrader 4
After editing is complete, you can xcritical website save your settings as a template. To add indicators to the chart click Insert – Indicators and choose the one you need. Alternatively, click an active button with a green cross in the upper menu. To change the TF, click Charts – Timeframes – and choose the one you need.
Some account types need a minimum deposit of just $10, making it accessible to traders with varying budgets. Yes, traders must fulfill RoboForex’s margin requirements to keep their positions. The margin requirements differ based on the account type and trading instrument used. In addition to spreads, traders will be charged commission costs based on the kind of trading account. The commission rate for ECN accounts is $20 per million traded, whereas Prime accounts pay $10 per million traded. Its intuitive user interface and extensive trading tools provide traders with diverse financial products to trade in, such as Forex, equities, indices, and commodities.
How To Open an Account
The three-tier VIP program, based on lifetime deposits, increases the value of bonuses and promotions. It makes RoboForex one of the best brokers for high-frequency traders. Yes, RoboForex supports automated trading systems, such as Expert Advisors (EAs), available on the MetaTrader platforms. To automate their trading tactics, traders might create their own EAs or employ pre-existing ones. No, RoboForex’s trading platforms are free of fees and levies.
Traders may use the platforms and conduct transactions at no extra cost. Yes, RoboForex offers a web-based platform called R WebTrader. It enables traders to access their accounts and trade straight from a web browser, eliminating the need to download or install software.
Market orders
Clicking the red button (Sell by Market) opens a short position at the specified price, while clicking the blue one (Buy by Market) does the opposite – opens a long position. To place a pending order, one has to choose “Pending Order” from “Type” drawdown list. No, RoboForex does not accept traders resident in the USA or who hold US nationality or a green card.
