All FOREX traders, be it beginners or experienced ones, sooner or later have to look for a new broking company and open new accounts there. There is a variety of reasons for this:
• the beginner is only getting to know the market and opening their first account;
• Inadequate service offered by their previous broker and, as a result, search of a DC with better conditions;
• the previous broker's reputation tarnished (failure to pay profits, server trouble, low speed of order execution, non-market prices, slippage etc);
• the investment portfolio's diversification as required by the money management rule of 'never putting all eggs into one basket'.
This list is far from being exhaustive. When looking for a broking company, the trader has to keep a variety of factors in mind. This is a labor-intensive process that requires a balanced approach because nobody will send their money to a company they know nothing about. Since you might need services of a broking company any minute, any useful information is welcome.
RoboForex is among brokers that merit attention.
RoboForex is registered in New Zealand, # 2538375, under the Companies Act of 1993. Its core operations include provision of services to private and corporate clients in international financial markets. The company has partnered with leading developers of broking services software.
RoboForex offers wide access to make trades in global financial markets. Clients have over two hundred financial instruments at their fingertips in such categories as foreign currencies, futures, stocks, metals. In addition, the company provides a wide range of trading accounts. Details are described at the company's website, the trading conditions section. Each trader, RoboForex client, has a choice of conditions that will meet his or her trading strategy.
Clients have the right to choose conditions for trading transactions. For example, one can trade on a fixed or floating spread, 4 or 5 decimal digits, Market Execution or Instant Execution, availability of swaps.
Cooperation with RoboForex offers such main advantages as:
• no mandatory minimum amount of funding, while the minimum lot size is only 0.01 pip;
• the maximum leverage is 1:500;
• the company pays up to 9.5 % per annum on funds not used in trading;
• the company provides wonderful conditions for an additional income within its 5-tier partner program;
• no S/L and T/P slippage;
• no swaps are charged for trade rollover in Swap-Free accounts which is especially relevant for Muslim nationals because of religious considerations; If you feel like, you can have traditional swaps restored by contacting the Client Support;
• good quality of order execution through the Instant Execution system;
• users are provided with MetaTrader 4 (MT4), MetaTrader 5 (MT5) trading platforms;
• accounts are funded without a fee in any available payment system.
In addition, RoboForex offers its traders a service called Level2 (Market Depth). This service is unique in that it enables viewing and analyzing the set of buy and sell orders in the forex market.
After professional participants, RoboForex provides for effective use of free funds. To ensure that investors have unhampered access to global stock markets, the company provides liquidity with low spreads, reduces margin requirements and lifts restrictions on trading transactions.
It is nice that the company offers a VPS server service which is, however, unsurprising because the company's advantage is support of automated robot trading. This is clear from the company's name itself - RoboForex, and its slogan: Use robots and get profits. Traders are offered an opportunity to select and use the automated trading system to make money in the forex. The VPS server service is free for clients with accounts worth 500 dollars or more.
RoboForex's bonus program is also worth mention. The company offers a non-deposit FOREX bonus for a new client's registration. By taking this opportunity, beginners can move from simulated to live trading, while experienced trades can test trading conditions offered by RoboForex. There is also a bonus credited to the account. It is 25% max. The bonus size is chosen when funding the account. Funds credited as a bonus can be withdrawn without any limitation after a certain volume is traded. This bonus is aimed at increasing the trading volume in the client's account.
From the Editor's Office: RoboForex is a beginner in financial markets. It is a level above other broking companies in terms of trading conditions it offers. RoboForex clients have a rather good bonus program. Even though RoboForex is a new brand in financial markets and has not built much trust, the company has a good reputation. To summarize, RoboForex offers decent conditions for trading in financial markets and consistently develops. The company expands the list of traded instruments, introduces advanced technologies, creates new products and maintains continuous contact with its partners and clients. These specialists' top priority objective is to retain clients' loyalty and ensure fruitful and long-term cooperation with them.
However, traders of the Masterforex-V Academy know all too well that often tempting promises are not backed by actual action. This is why Market Leader will surely include RoboForex in its rating list and carefully and objectively monitor the activities of this truly interesting player. What we have left only is to wish RoboForex to successfully live up to its offers!
