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RoboForex: An Illustration of Live Communication with the World

13 January 05:00 AM

The Internet is the workplace of a modern trader operating in the currency, stock or commodities markets. It is really impossible to image how players used to work in international markets since late 1970s when the forex market emerged to late 1990s when the World Wide Web became more or less popular and got acceptable data rates. At the inception of the international currency market brokers and traders got prices by the phone, sometimes once a week! Charts were manually drawn with color pencils on graph paper only genuine enthusiasts of market trading. Sometimes these charts were a dozen meters long! It is only ten years that has passed since those times till now, the epoch of mobile trading when the entire world is at your fingertips or, to be more accurate, in the display of a pocket autonomous device...

If the World Wide Web is the area of traders' field operations, Internet resources of broking companies and dealing centers are kind of a visiting card of these foremen of trading masses. The paper visiting card and the official website of a broker does say a lot about how it treats its partners.

Websites of some dealing centers seem to have got a little rusty as Market Leader journalists repeatedly pointed out. They were created three-four-five years ago and, apparently, got stuck there. On such sites, the 'liveliest' section, Company's News, is covered with months-old cobweb: news is updated at the website once every quarter, at best. Administrators of these Internet resources are unlikely to update information better in other sections either - about trading platforms, accounts, instruments, feedback etc.

The website of RoboForex, a broking company, makes a nice impression among Internet resources of dealing centers. This is where one can follow the company's life and hard work aimed to engage new traders and investors, updated instruments, genuine rather than would-be care about conditions that stock market players operate in.

This is what we read in November this year in News: 'Registration of MetaTrader 5 live accounts opened'. Market Leader already wrote of advantages of this trading platform. Its client terminal was represented in summer last year by its developer, MetaQuotes. MetaTrader 5 inherited all benefits of its predecessor, MetaTrader 4, and kept its appearance and functionalities (so that one does not need much time to get used to it), but greatly expanded features of the trading platform.

MT5 is adapted to not only the currency market, but also futures, exchange options, stocks in the electronic trading system (ECN). MT5 offers traders new instruments, extended analytical capabilities (particularly for technical analysis), new built-in indicators (38 built-in indicators overall). Timeframes were increased to 21 - from M (minute) to MN (months).

MQL5, a new programming language used in MT5 is much better than MT4 options - primarily, in terms of data processing rates because time is crucial for the trader.

Now, according to RoboForex website, traders have Fix-Standard and Pro-Standard accounts available with 25 trading instruments per each - currency pairs, gold, silver.

Without shelving this, RoboForex tells its traders a few days later that registration of live MT5 accounts is open, and two days later - that automatic funding of MT5 trading accounts has been introduced.

The November news also includes the opening of RoboForex representative office in Tajikistan. Most brokers prefer to exist and communicate with their traders virtually. You will agree, however, that having an office (with a real address) generates much more trust on the part of both beginners and high-class professionals that look for a broking company for mutually beneficial cooperation than email or cellular telephone communications.

RoboForex is in the Supreme League of the Forex Brokers' Rating of the Masterforex-V Academy. Being open, transparent, really willing to communicate with and help its traders - this is not the last thing that helped this broker into top broking companies that operate in the post-soviet space.

 

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