There is no definitive one-off decision to pick a broker. Things change in the market, strategies change and platforms that seemed good enough at first can begin to feel cramped. This is the niche RoboForex has been picking up for more than 10 years. It has become a name known by traders of all experience levels for being flexible and technologically advanced.
A Broker for Longevity and Range
RoboForex’s history of trading dates back to 2009, having gone through a number of market cycles and continuously growing its services. The broker is headquartered in Belize City and governed by the FSC, and offers access to over 12,000 tradable instruments across 8 asset classes, which include forex, stocks, indices, ETFs, commodities, energies, metals and cryptocurrencies.
That width allows a trader to trade across a variety of currency pairs as well as equity CFDs without having to change providers, thus streamlining the execution of their strategies.
The Best Platform For Your Trading Style
MetaTrader 4, MetaTrader 5, a browser-based web terminal and various proprietary software tools are all supported by RoboForex, offering traders the flexibility to choose a platform that suits their trading style and preferences rather than a one-size-fits-all solution. There are also several different ways to execute:
· STP (A-Book) for straight-through processing
· Tighter spreads and direct markets are possible with ECN.
· Market Maker (B-Book) for certain account structures
This multi-layered strategy allows traders to match their trading methods to their tolerance for risk and trading frequency.
Account Structures For Various Traders
Some of the more unique things about the broker are the number of accounts they have: Pro, ProCent, ECN, Prime, and R StocksTrader. For a new trader with lower capital, ProCent is a good option and for a seasoned trader who is looking for tighter spreads, ECN or Prime is the best choice.
The leverage offered, up to 1:2000, combined with a minimum deposit of only $10, means that it is accessible to those who want to trade but may be hesitant due to a lack of experience. This is because deposits and withdrawals can be made via bank transfers, credit cards and e-wallets, and customer support is available 24 hours a day.
If you are comparing brokers, you can see how flexible my RoboForex account setup is compared to alternatives pretty much right away. Few brokers offer the amount of instruments and the minimum deposit at which RoboForex operates.
Where Research Meets Execution
Due diligence is important before committing capital and that’s where investingLive comes in handy in a trader’s toolkit. In addition to having a detailed and verified RoboForex account, investingLive provides live market feeds, an economic calendar, technical analysis and a broker directory that can be compared side-by-side.
Its editorial staff, who are supported by Finance Magnates’ wider intelligence network, provides an extra degree of scrutiny that self-published broker marketing can’t offer. investingLive serves as the news source and verification for trading.
Final Thoughts
RoboForex offers a wide variety of instruments, platform flexibility, and a minimum entry amount. Traders are impressed by how easily they can create a my RoboForex account and, since then, have a variety of tools to test strategies without the hassle.
