With Robomarkets you can trade US stocks with no exchange fee
RoboMarkets is an established company with European regulation also with more than 20 awards in the financial industry, so it is considered safe and reliable. It provides comfortable trading conditions, free analysis, powerful trading platforms and 24/7 customer support. With Robomarkets, you can trade US stocks with no exchange fee.
On the other hand, the trading conditions may be different depending on the type of account and the platform you use. So you should be careful and choose the most suitable ones for you.
Leverage bar | 1:30 |
Regulation | CySec |
Minimum deposit | 100 USD |
HQ | Cyprus |
Platforms | |
Foundation | 2012 |
Licenses | authorized by CySEC (Cyprus) registration no. 191/13 |
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What is RoboMarkets?
RoboMarkets is a multi-asset Forex broker operating since 2012, licensed and regulated by CySEC and providing competitive services for institutional and retail clients from Europe.
Based on our studies, we found that RoboMarkets are Forex and CFD brokers that offer 6 asset types and more than 12,000 instruments for trading. Along with the most popular platforms in the industry, RoboMarkets also provides numerous terminals for convenient trading and new cutting-edge technologies that make RoboMarkets a great choice for technical trading and analysis, also with great trading conditions suitable for different types of traders.
Advantages | Disadvantages |
Long history of regulation | Trading conditions may vary depending on the platform used. |
Excellent reputation | |
Wide range of trading platforms | |
Competitive trading conditions | |
Free trading signals and good analysis tools | |
High quality training materials | |
Excellent analysis | |
Helpful customer support with live chat and fast feedback |
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Summary of RoboMarkets
Headquarters | Cyprus |
Regulator | CySec |
Instrument | 6 different asset classes, Forex, stocks, indices, ETFs, soft commodities, energy commodities, metals etc. |
Platforms | MT4, MT5, R Stocks Trader |
Minimum deposit | 100 USD |
Base currencies | |
Demo account | Finns |
EUR/USD spread | 0.1 pips |
Education and training | Detailed training with research and analysis |
Customer service | 24/7 |
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Ranking
Based on our studies, we consider RoboMarkets to be a good broker with safe and very favorable trading conditions. RoboMarkets offers a range of trading services tailored for both beginners and professionals with low initial deposit amounts.
Our review showed that RoboMarkets offers a range of trading instruments, good trading conditions, even low trading spreads and fees.
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Awards
Since its inception, the broker has been recognized by financial experts and has received more than 20 prestigious awards including Best Stocks Broker (Europe), Best Index Broker (Global) and Best Value Broker (Global).
RoboMarkets has also expanded a large customer base across Europe. More than 250,000 trading accounts are currently registered with the company.
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Is RoboMarkets safe?
We see RoboMarkets as a reliable and established broker. It is registered as a legal investment firm in 29 European countries due to cross-border offerings within the EEA, and complies with EU legislation with MiFID guidelines and meets actual requirements to secure its clients’ trading, so it can be called safe.
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Is RoboMarkets legitimate?
RoboMarkets is a broker regulated by CySEC since 2013 and provides financial services to residents of EU/EEA countries, so is fully legitimate and registered broker under local laws.
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How are customers protected?
RoboMarkets follows all the rules required by its regulation and offers a protected brokerage service to its clients. The company is regularly audited and therefore considered safe and reliable.
– The broker is a member of the Investor Compensation Fund, which guarantees that if the company cannot pay clients itself, the compensation can be up to €20,000 for a client regardless of how many trading accounts they have, the base currencies of those accounts and the location where the investment service is provided.
– RoboMarkets also implemented a liability insurance program of up to EUR 5,000,000. This program includes market-leading insurance coverage for risks that can lead to financial losses caused to customers (such as fraud, negligence, misconduct, errors and others).
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Leverage bar
If you are interested in trading with leverage on RoboMarkets, you will comply with the ESMA regulation, which lowered leverage to the maximum ratio of 1:30 on Forex instruments and 1:2 for Cryptocurrencies for retail clients.
– Available leverage is 1:30 for Forex instruments.
The broker only offers higher leverage to its approved professional clients. However, we remind you that trading with leverage can increase your profits, but it also increases your risks.
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RoboMarkets account types
RoboMarkets offers 5 account types so you can choose the most suitable one for your needs and trading experience. At first, you may want to try trading on a demo account, which is a good place to start and learn how to trade. The trading conditions will be the same as they are on a real account but you don’t have to invest any real money at all.
– If you are ready to trade on a real account, the most popular for less experienced traders on RoboMarkets is the R StocksTrader account.
– Our favorite is the RoboMarkets ISK for shares and ETFs. It is a USD account with a commission of 0.4%, which can be linked to TradingView.
– ProCent can be chosen to test trading strategy without depositing much money and Cent Trading.
– Professional traders often choose Prime accounts with exclusive conditions or ECNs.
– Finally, R StocksTrader account, which is the most convenient for investing in stocks.
Advantages | Disadvantages |
Different account types | None |
Fast account opening | |
Account types suitable for different trading sizes or styles | |
Account base currencies USD, EUR, GOLD |
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Commercial instrument
Fees for RoboMarkets
Fees | Robomarkets |
Deposit fees | No |
Withdrawal fees* | No |
Inactivity charges | Yes |
Fee structure | Low fees |
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* Free twice a month.
Spreadsheet
Based on our studies, RoboMarkets spreads are designed at the account levels you use, while the much higher the account size the better spread offer is included, so be sure to verify the terms according to the account type you would use.
For example, when trading on a Pro or ProCent account, your spread will be floating from 1.3 points. In the case of Prime, ECN and R StocksTrader accounts, RoboMarkets offers competitive conditions and spreads from 0.1.
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Deposits and withdrawals
All capital management and transactions are carried out through the RoboMarkets Online account area, which is very convenient, where you can request a withdrawal check for its processing status and also deposit funds.
RoboMarkets customers can deposit into their accounts at no extra cost and withdraw money free of charge twice a month. All transactions are carried out online and usually take only a few seconds, which are quite attractive conditions.
Here are some good and negative points of RoboMarkets funding methods found:
Advantages | Disadvantages |
Fast digital deposits, including PayPal, Skrill, Neteller and cards | Payment methods are quite basic |
No deposit fees | With some methods, additional costs may be incurred |
2 free withdrawals per month |
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Deposit options
In terms of funding methods, RoboMarkets offers popular payment systems available on the Company divided into main and most used regulated types. Moreover, the cost of depositing money is always 0%.
– Bank transfers
– Electronic payments, including PayPal
– Bank card
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Minimum deposit
RoboMarket’s minimum deposit is 500 USD. You can also try the broker’s trading conditions on a demo account without depositing any money.
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Minimum deposit
RoboMarkets | |
Minimum deposit | 500 dollars |
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Withdrawal
We found that investors can withdraw money from their RoboMarkets account free of charge on the first and third Tuesday of each calendar month. To benefit from the offer, a customer must deposit into their trading account at least once in the previous six months.
Sometimes the payment system may require additional charges on their part, so check their terms and conditions carefully first.
How to withdraw money from RoboMarkets step by step:
1. log in to your account
2. Select Withdraw money on the menu tab
3. indicate the amount withdrawn
4. Select the withdrawal method
5. complete the electronic request with the necessary requirements
6. Confirm withdrawal information and Send
7. Check the status of withdrawals via your Dashboard
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Trading platforms
RoboMarkets Platforms offers a wide range of trading solutions so you can choose the one that meets your needs and suits your trading style the most. As for the web platforms, you can trade through both popular choices (MetaTrader 4, MetaTrader 5, + TradingView) and innovative ones of RoboMarket’s own development (R StocksTrader).
– RoboMarkets Platform is rated Excellent with an overall rating of 8.9 out of 10 compared to over 500 other brokers. Based on our research, it is one of the best proposals we saw in the industry, including MT4, MT5 and R StocksTrader suitable for professional trading. All are also equipped with good analysis and excellent tools.
Platforms | Robomarkets |
MT4 | Yes |
MT5 | Yes |
cTrader | No |
Own platform | Yes |
Trading app | Yes |
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Web and desktop platforms
All RoboMarkets platforms available either on the web or desktop version, see below:
– If you prefer a classic, choose MetaTrader. 4. It is well known among investors and is considered the most famous choice. You can also check out the latest version of MetaTrader with improved functionality – MetaTrader 5. the most important new feature of the platform is the ability to choose between grid and hedge systems through 4 types of execution.
– R StocksTrader seems to be an ideal choice for investing in shares. It is quite easy to use and provides stock leverage up to 1:20, as well as a free trading robot builder. You can also use R WebTrader which supports all types of MT4 accounts and provides access to exclusive analysis from RoboMarkets.
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Mobile platforms
Nowadays it is very important to have the possibility to trade not only via a PC but also via your smartphone, even if mobile apps are limited but allow to monitor the situation very well. RoboMarkets gets it too, so you can check your trading positions and see the updates on MT4, MT5, R MobileTrader or R StocksTrader app on IOS or Android.
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Customer support
We found that RoboMarkets offers 24/7 customer support in 8 languages. You can contact their specialists via live chat, email and international phone numbers and get a quick response, which we rate as very good overall.
RoboMarkets has an office in Sweden that offers customer service in Swedish, which we know is appreciated by many traders.
Advantages | Disadvantages |
24/7 support | None |
Relevant answers | |
Live chat and international phone numbers | |
Support in many languages |
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RoboMarkets training
Finally, we reviewed RoboMarket’s training and analysis capabilities. We can say that the broker provides detailed instructions for novice traders on how to open an account, how to pass the verification, deposit money, etc. Customers can find useful information on the website, and also via the RoboMarkets Youtube channel if they prefer video instructions.
Market analysis, technical analysis, professional analysis and a range of trading tools are also available through the members’ area. If you want to learn more about investment news and analysis, check out the RoboMarkets blog, which also offers lots of useful information for traders with different levels of trading experience.
We also notice quite a bit of the analysis and tools available, including Auto Trading, Strategy Builders, Financial Charts and other great tools.
– RoboMarkets Education was ranked with an overall rating of 9 out of 10 based on our research. The broker provides high quality training materials, excellent research and very useful tools, also Brooker partners with market leading data providers which is always a plus.
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Conclusion
To conclude the RoboMarkets review, we note that RoboMarkets is a well-established broker for trading with reliable trading solutions and powerful trading technology. The broker provides competitive trading conditions and advanced technical solutions. It is suitable for both professional traders and less experienced ones.
RoboMarkets offers a wide range of assets and instruments, platforms and accounts for every trading style. It also helps customers with strong analysis and educational material. What is also important – it has 24/7 customer support to help its clients at any time when they need it, so overall RoboMarkets is a pretty impressive broker in terms of quality.
Based on our findings and financial experts, RoboMarkets is good for:
– Novice traders
– Advanced traders
– Professional trade
– Traders who prefer MT4/MT5 platforms
– Currency and CFD trading
– Stock trading
– Strategic building
– Suitable for a variety of trading strategies
– Algorithmic or API traders
– Supportive customer support around the clock
– Good training
– Good analytical material
About the Viking
With Viking’s signals, you have a good chance of finding the winners and selling in time. There are many securities. With Viking’s autopilots, price data, tables and stock prices, you can sort out the most interesting ETFs, shares, options, warrants, funds, etc.
Click here to see what Vikingen offers: Detailed comparison – Stock market program for those who want to become even richer (vikingen.se)