RoboForex Video Review
RoboForex is an upcoming New Zealand based Forex broker that specializes in providing trading conditions that allows their clients to access the financial markets without any hindrances. With their business model and bridging technology, traders can trade in a non-dealing desk mode with the lowest possible cost. As a registered member with the New Zealand Financial Service Providers Register (FSPR) with the registration number FSP246525, clients of RoboForex are provided access to an External Dispute Resolution (EDR) scheme that is managed by the independent Financial Services Complaints Ltd (FSCL).
As an international broker, RoboForex offers their clients a range of powerful trading platforms for them to access the Forex market. These platforms include:
MetaTrader 4 (MT4)
Packed with technical tools, the MT4 Trading Platform allows traders to analyze dynamics of the financial markets while at the same time, allowing them to conclude deals. Highly flexible and robust, advanced traders can develop Expert Advisors (EAs) to automate trading on the MT4 platform.
An “All in One” trading platform like the MT4, the MT5 trading platform also incorporates the latest in MQL5 development environment making it ideal for EA testing.
Based on the concept of Non Dealing Desk (NDD), the cTrader platform allows traders to have direct market access (DMA). This means no requotes, no delays and the peace of mind that the orders are completed in the Straight-Through-Processing (STP) mode.
The WebTrader is a web based trading platform using Adobe Flash technology. The system is compatible with MT4 and includes all the essential tools required for technical analysis.
MT4 Multi Account Manager (MAM)
This version of the MT4 trading platform is intended for account managers who need to monitor several investor accounts simultaneously. It incorporates all the standard MT4 trading tools with the added ability of sending trade orders to several accounts with a single click.
Compatible with iPhone OS, Android OS, Windows Mobile OS and Symbian OS, the Mobile Forex trading platform allows traders to manage their trading accounts on their mobile devices when a dedicated trading terminal is not available at their disposal.
At RoboForex, traders have a choice of six (6) main types of trading accounts. They include:
- Fix-Cent Account,
- Fix-Standard Account
- Pro-Cent Account
- Pro-Standard Account
- ECN-Pro NDD
- ECN-Fix NDD
Each type of trading account has its own features, benefits and limitations.
Commission & Spreads
At RoboForex, a commission of $2.45 per lot is charged on trades done through the ECN-Pro NDD accounts. For the other types of trading accounts, traders do not pay any commissions instead they pay a slightly widened spreads on the instruments that they are trading on. The spreads are fixed and starts from 2 points for Fix-Cent accounts, Fix-Standard accounts and ECN-Fix NDD accounts. For Pro-Cent accounts and Pro-Standard accounts, the spreads are floating and starts from 0.4 points.
As part of the support service toward their clients, RoboForex featured their website in five (5) other major languages apart from English. These include:
Unlike most brokers who want to reduce their operational costs, RoboForex customer support team is always willing to serve and they are available 24/7. They can be contacted at:
- E-mail: firstname.lastname@example.org (General questions)
- E-mail: email@example.com (Marketing Team)
- Skype: roboforex.com
- Tel: +64 92 148 139
- Yahoo: roboforex com