HeadlinesPlatformsAssetsFeesRoboMarkets LeverageMobile TradingPaymentsDemo AccountRoboMarkets BonusesRegulation ReviewAdditional FeaturesLive AccountsBenefitsDrawbacksTrading HoursCustomer SupportSecurityRoboMarkets VerdictFAQAccepted CountriesAlternatives to RoboMarkets
RoboMarkets is a European broker offering trading on 12,000+ instruments across several asset classes. Clients can connect to the financial markets using the globally recognised MT4 and MT5, plus the proprietary R Trader terminal. Our review covers spreads and trading fees, account registration and login, account types, and more. Find out whether to sign-up to RoboMarkets and start trading.
Headlines
RoboMarkets was established in 2012 and is regulated by the Cyprus Securities and Exchange Commission (CySEC), a highly regarded financial body. The company is registered as a legal investment company in 29 European countries and has picked up multiple awards in recent years.
More than 290,000 trading accounts have now been opened with the popular forex and CFD broker who is also the official sponsor of BMW M Motorsport.
Platforms
RoboMarkets offers three platform options; the industry-established MetaTrader 4 and MetaTrader 5, plus the broker’s bespoke R Trader. MT4 and MT5 are available for free download to desktop devices or via major web browsers. R Trader is available as a webtrader only.
MT4
The most popular trading terminal with retail traders, the user-friendly interface offers a range of analytical tools and features:
One-click trading
Interactive charting
Customisable interface
3 order execution types
50 integrated technical indicators
MetaTrader Market – acquire trading robots and indicators
Fundamental analysis – live news alerts on financial market events
Algo trading – create and use robots written in the MQL4 language
MT5
Designed for traders that require speed and reliability while undertaking sophisticated financial analysis, features include:
Market depth
Netting & hedging
6 pending order types
Multi-threading tester
3 types of trading charts
38 technical indicators and 44 graphic objects
Virtual hosting for the 24/7 operation of trading robots
R Trader
A powerful web-based platform with advanced charting capabilities:
One-click trading
Multiple windows
Netting & hedging
Multiple chart layouts
Customisable watch lists
Trade directly from charts
Market depth and conditions analysis tools
Algorithmic strategy builder – free and easy to use
Order management – modify positions when the market is closed
R Trader
Assets
RoboMarkets offers clients trading opportunities in 12,000+ instruments across various global markets:
Stocks – 12,000 global shares including Apple, Twitter, GME, and Amazon
Indices – 7 global indices including the DAX40, NASDAQ100, and FTSE100
Energies – trade ETFs and CFDs on energies including oil and natural gas
Metals – trade CFDs on gold and silver and invest in 20+ precious metal ETFs
Currencies – 35+ major and minor currency pairs such as EUR/USD, USD/JPY, and GBP/USD
Commodities – trade 100+ ETFs on soft commodities including cocoa, coffee, corn, and sugar
Note, the number of available instruments varies by account type. Also, cryptos like Bitcoin are not available to any users.
2021 also saw RoboMarkets introduce fractional stock trading. Clients can use the R Trader terminal to open and close positions with competitive commission rates available.
Fees
Spreads and commission vary by account type and instrument.
ProCent – floating spreads from 0.0 pips: The average spread for the GBP/USD currency pair is 2.0 pips, broker revenue 1.3 pips. Silver vs US Dollar (spot) is offered at an average of 1.7 pips with broker revenue of 0.8 pips. Commission-free with spreads and swaps payable.
Pro – floating spreads from 1.3 pips: The average spread for GBP/USD currency pair is 2.0 pips, broker revenue 1.3 pips. US500 Index Cash is offered at an average of 0.87 pips with broker revenue of 0.6 pips. Commission-free with spreads and swaps payable.
ECN – floating spreads from 0.0 pips: Commission of $20 per million traded on currency pairs and metals. $200 per million traded on US stock CFDs and $5 per million traded on CFD indices.
Prime – floating spreads from 0.0 pips: Commission of $10 per million traded on currency pairs and metals. $4 per million traded on CFD indices and $150 per million traded on US stocks CFDs.
Other fees to consider include overnight swap rates for positions held into the next day. Our review was pleased to see no inactivity or maintenance fees.
RoboMarkets Leverage
As an EU-regulated broker, the CEO has ensured that leverage is capped at 1:30 for retail clients. Margin requirements may also vary based on trader experience and knowledge. This is determined at the registration stage.
The maximum leverage rates available are:
Equities – 1:5
Commodities – 1:10
Major forex pairs – 1:30
Minor forex pairs and indices – 1:20
Note, professional traders can qualify for leverage up to 1:300.
Mobile Trading
All platforms offered by RoboMarkets offer mobile app compatibility. These are available for free download to iOS and Android devices. All mobile terminals provide access to full trading features and portfolio account management while on the go. Free and instant deposits can be made, pattern recognition technology can be used, and in-app support is offered. Clients can also set up watchlists and utilise instant and pending orders.
RoboMarkets app
Payments
Deposits
The minimum deposit for all live accounts is $100/£100/€100, though some payment methods may have their own requirements. The broker does not charge a deposit fee and accepted currencies vary by method.
Debit & Credit Cards
VISA and MasterCard – instant processing, minimum deposit from $10
Electronic Payments
Skrill – instant processing, deposit from $10
PayPal – instant processing, $10 to $100,000 deposit limits
Fasapay – instant processing, $10 to $20,000 deposit limits
Neteller – instant processing, $10 to $50,000 deposit limits
WebMoney – instant processing, $10 to $50,000 deposit limits
Boleto – between 1 minute to 1-day processing, 35 to 3,150 BRL deposit limits
Bank Payments
12 global banks are available as payment options. Visit the broker’s website for accepted bank payments by country, processing times, and minimum deposits. Options include:
GiroPay – up to 1 working day, deposit from €10
Barclays Bank PLC – up to 5 working days, deposit from €500
Deutsche Handelsbank – up to 5 working days, deposit from €500
Withdrawals
Withdrawal fees are charged on all methods, though two free withdrawals can be made each month. Withdrawal solutions are limited vs deposit options.
Debit & Credit Cards
VISA and MasterCard – 2.4% withdrawal fee. 1 to 10 day processing time. Withdrawal limits up to $10,000
Bank Payments
Rapid Transfer – available in selected countries including the UK, Poland and France. Processing takes up to 5 days and the minimum withdrawal is €1.
Bank Transfer – fees vary by currency including $25/€10/£10 per transaction. Processing takes up to 1 working day and the minimum withdrawal is €1.
Electronic Payments
All electronic payment options come with a processing time of up to 1 working day:
Skrill – 1% withdrawal fee. Withdraw from $1
WebMoney – 0.8% withdrawal fee. Withdraw from $0.02
Fasapay – 0.5% withdrawal fee up to €5. Withdraw from $0.1
Neteller – 1.9% withdrawal fee. Withdrawal limits $5 to $10,000
PayPal – 2% withdrawal fee up to €5. Withdrawal limits €10 to €100,000
Demo Account
RoboMarkets offers three free demo accounts, available on all platforms. Trading parameters and access to asset classes are identical to live accounts. These simulators are a good way to test strategies or EAs risk-free with virtual funds. Demo accounts expire after 90 days, however clients can open any number of paper trading accounts. A simple online registration form is required.
RoboMarkets Bonuses
Due to EU regulations, RoboMarkets does not offer any bonuses or financial incentives to retail traders. With that said, a deposit bonus of up to 120% is offered to professional traders and free withdrawals are available twice per month. Keep an eye on the broker’s social media channels and official website in case any new promotions are released.
Regulation Review
RoboMarkets Ltd is registered as a legal investment company in 29 European countries including the UK and Germany. The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC) – a highly regarded regulatory body.
Traders benefit from a negative balance protection policy and segregated client funds. The company is also a member of the Investor Compensation Fund (ICF). This provides retail traders with compensation protection up to €20,000 in the case of business insolvency. Finally, RoboMarkets has a civil liability insurance programme where company liabilities are protected up to €5 million.
Additional Features
RoboMarkets provides a variety of tools and educational instruments including webinars, designed for both new and experienced investors. The trading tips published on the broker’s website are a good place to start.
An analytics centre is also provided free of charge. This is available in web browsers or can be downloaded via the relevant app store to iOS and Android devices. Analytics includes currency forecasts, technical indicators and signals, forums, blogs, and video reviews. Additionally, an economic calendar is integrated on the broker’s website along with a comprehensive tutorial section covering how to open an account, how to login to the member’s area, platform features, and more.
For automated traders, StrategyQuant allows for sophisticated bot development. This is free for one month with a $50 monthly fee thereafter. This is a good option for investors looking to take their trading to the next level.
Finally, RoboMarkets offers a bespoke copy trading platform; CopyFX. Clients must complete the registration process and make a deposit to access copy trading features. Investors can then analyse the financial performance, risk appetite and trading history of potential master traders before mirroring their positions.
CopyFX
Live Accounts
RoboMarkets offers five accounts suitable for beginners up to advanced traders. All accounts have the same minimum deposit requirement of $100/€100/£100 and minimum order volumes from 0.01 lots. Instruments, spreads and platform access varies by account. An Islamic swap-free solution is also available upon request. Base account currencies include USD, EUR, CHF and GBP.
Prime
This account offers the best available conditions and is aimed at experienced traders:
100% stop out
1-year account history
30+ Brazilian stock CFDs
Floating spreads from 0 pips
500 lot maximum order volume
No limit on the number of positions
Instruments include forex, metals, plus CFDs on US stocks, indices and oil
ECN
Aimed at experienced traders with advanced trading conditions that lend themselves to scalping strategies, among others:
50% stop out
Floating spreads from 0 pips
50 lot maximum order volume
Instruments include forex, metals, plus CFDs on US stocks, indices and oil
ProCent
An algorithm-based testing account that supports 100x denominated monetary units of the base currency:
50% stop out
Access deposit bonuses
Floating spreads from 1.3 pips
50 lot maximum order volume
Instruments include 36 currency pairs and metals
Pro
The most popular trading account among retail traders of all experience levels:
50% stop out
Access to deposit bonuses
Floating spreads from 1.3 pips
100 lot maximum order volume
Instruments include forex, metals, plus CFDs on US stocks, indices and oil
R Trader
A unique multi-asset web account with access to all major financial markets:
50% stop out
Leverage up to 1:30
Spreads from 0.01 pips
No cap on the number of positions
R Trader platform compatibility only
Account currencies include USD, EUR, CHF, GBP and CZK
12,000+ instruments including indices, shares, forex, ETFs, plus CFDs on stocks and precious metals
Benefits
Reasons to sign up for a RoboMarkets account include:
Fractional stock trading
Automated dividend payments
Demo account offering on all platforms
CySEC regulation and a member of ICF
Copy-trading through the CopyFX platform
No inactivity fee or account maintenance charges
24/7 multilingual customer support including live chat
Various live account options including an Islamic account
Account security measures including 2 step authentication
Globally recognised MT4 and MT5 platforms plus proprietary R Trader terminal
Drawbacks
Downsides of the RoboMarkets offering include:
European traders only
No spread betting or cryptocurrencies
Withdrawal fees apply to various methods
Trading Hours
Opening hours vary by instrument. The forex market is open 24/5, Monday to Friday. RoboMarkets terminals operate on a UTC +2 server time. A calendar with details of market holidays is published on the broker’s website.
Customer Support
Users can get in touch with the customer support team 24/7 via:
Online contact form
Email – info@robomarkets.com
Live chat – located in the bottom right of each webpage
Office address – RoboMarkets Ltd, 169-171 Arch. Makarios III Ave., Floor 8, 3027, Limassol, Cyprus
English telephone – +357 25 123275 (visit the broker’s website for the helplines in other languages)
A comprehensive FAQ section is also available. Our review was pleased with the high-quality and reliable support offered.
Note, head to the company website for its office addresses in other locations, including Frankfurt.
Security
RoboMarkets offers a relatively secure trading environment. The member’s area and platforms are password protected. The broker also offers two-step authentication which includes SMS and backup code authorisation for account login and payments. Industry-standard data privacy protocols are followed too.
RoboMarkets Verdict
RoboMarkets is an established multi-asset broker popular with traders in Europe. Benefits include CySEC regulation, a free demo account, 24/7 customer support and low minimum deposit requirements. Zero-pip spreads with the advanced accounts and ECN solutions will also be welcome news to high-volume traders.
FAQ
What Is The Minimum Deposit Requirement To Open A RoboMarkets Account?
The minimum deposit for a live account is £100/$100/€100. This is a lower entry requirement than some competitors, for example vs XTB that mandates a £200/$200/€200 deposit.
Is RoboForex The Same As RoboMarkets?
Whilst owned by the same company, RoboForex is a Belize-based brokerage aimed at global clients where RoboMarkets is the CySEC-regulated arm operating in the European market. RoboForex is a good option for traders based in Asia, the Nordic regions and the Baltics, among others.
What Trading Platforms Does RoboMarkets Offer?
RoboMarkets offers three trading platforms compatible with desktop and mobile devices. Retail clients can trade on the globally recognised MT4 and MT5, plus the broker’s proprietary R Trader. A user-friendly copy trading solution is also available to account holders.
Is RoboMarkets Regulated?
Yes, RoboMarkets Ltd is a European broker regulated by the Cyprus Securities and Exchange Commission (CySEC). As a result, clients benefit from negative balance protection, leverage caps and an investor compensation fund.
Does RoboMarkets Offer A Demo Account?
Yes, RoboMarkets offers three free demo accounts, available on all trading platforms. This is a good way to test strategies risk-free. It’s quick and easy to transition over to a live account when you feel ready.
Accepted Countries
RoboMarkets only accepts traders from Belgium, Bulgaria, Czech Republic, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden, United Kingdom.
Alternatives to RoboMarkets
If you are looking for alternatives to RoboMarkets we have compiled a list of the top 5 brokers that are similar to RoboMarkets below. This list of brokers like RoboMarkets is in order of similarity and only includes companies that accept traders from your location.
RoboForex – RoboForex is a multi-asset online broker offering powerful trading aides.
FP Markets – FP Markets is a multi-asset broker offering a choice of trading platforms.
OctaFX – OctaFX offers multi-asset trading on a range of platforms and mobile solutions.
GO Markets – GO Markets is an ASIC-regulated FX & CFD broker.
Vantage – Reliable and affordable trading since 2009. Join over 900,000 others trading on 400+ CFD products over assets like forex, gold, indices, cryptocurrency and shares from 0.0 spreads through TradingView, MT4 or MT5. Vantage is ASIC regulated and client funds are segregated. Open an account in under 5 minutes.