RoboForex is a broking company, one of the leaders in operations with traders in the post-soviet space. Forex market players know RoboForex as a company that, unlike most other brokers, invites and encourages use of robots for trading in the currency market. The company is equally popular among traders owning to its large bonuses paid for the funding of active accounts.
What is it about?
RoboForex's bonus program is characterized not only by a large bonus of up to 30 percent but also by paying out the bonus regularly, every time the trader funds their account rather than once only as practiced by most dealing centers. The only limitation for bonus payments involves their amount - it cannot exceed 5,000 US dollars (or 3,500 Euros or 150,000 Russian rubles). The total amount of bonuses on all live accounts of a trader may not exceed 15,000 American dollars (or in any other currency at the cross rate).
RoboForex partners can withdraw bonuses they have received from their accounts without any limitations (naturally, provided they strictly follow all terms and conditions of the bonus program). The broker will write off any bonuses without any warning or explanation in case of any fraudulent actions on the trader's part!
The trader can independently select the bonus amount - 5, 10, 15, 20, 25 or 30 percent of the funding amount. Here, the number of the trader's accounts involved in the bonus program and the number of bonus transactions are not limited in any way. To claim their bonuses from RoboForex, the trader can work with 40 currency pairs, including the favorites - EUR/USD, EUR/GBP, GBP/USD etc.
How does this work?
To withdraw a bonus from their account, the trader should meet certain conditions such as trading a certain volume:
· for Fix-Cent and Fix-Standard accounts: bonus amount / 3 = number of lots;
· for Pro-Cent and Pro-Standard accounts: bonus amount / 2 = number of lots.
The trader can withdraw only their profits until the trading volume requirements are met. The trader may waive their involvement in RoboForex's bonus program at any stage of cooperation with the broker by making an appropriate note in the Personal Cabinet at the broker's web-site. Then all restrictions on withdrawal of the trader's own funds from accounts are lifted.
Every bonus, starting with the first payment received from RoboForex, is taken into account when determining the trading volume. In case of a Stop Out (10 percent for cent accounts and 20 percent for standard accounts) all active bonuses are written off the trader's accounts, and the account balance is zeroed if the bonus amount exceeded the balance of funds in the account after the Stop Out.
RoboForex's bonus program is unique in the way that bonuses are not written off in case of a drawdown in open positions. The trader can use available bonuses to support their open positions and for an adverse change in currency prices.
RoboForex's bonus program has no limitations on payments made from bonus accounts to partners, with the Welcome group of accounts (until they are in the bonus group) being the only exception.
RoboForex is placed fifth in the Second League of the Forex Brokers' Rating of the Masterforex-V Academy.
