roboforex
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- Regulators
- FSC Belize
- Minimum deposit
- $10
- Maximum leverage
- 1:2000
- Spreads from
- 0.0 pips
- Platforms
- MT4, MT5, R StocksTrader
Strengths
Minimum deposit starts at $10 on Pro, ProCent, ECN and Prime accounts. ProCent (cent) account lets beginners practise with very small capital. ECN and Prime accounts offer spreads from 0.0 pips, but charge a separate commission. Offers MT4, MT5 and R StocksTrader, plus Islamic/swap-free options. Member of The Financial Commission (compensation up to €20,000 per case) and has a civil liability insurance programme.
Things to know
Regulated by FSC Belize, an offshore regulator with weaker investor protection than FCA, ASIC or CySEC. 1:2000 leverage is very high-risk: losses can build quickly, so it is not suited to most beginners. Max leverage varies by account (Pro/ProCent 1:2000, ECN 1:500, Prime 1:300). The Pro account's spread starts from 1.3 pips, higher than the commission-based accounts. Some independent client-review sites show low scores, and the broker's education content is limited.
Before opening an account, check the licence on the regulator's own website and read the deposit and withdrawal terms.