RoboMarkets Review – Is RoboMarkets Legit?

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RoboMarkets DEMO

RoboMarkets REVIEW

Summary

RoboMarkets is an established CFD, CySEC regulated broker

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Details

System RoboMarkets
Website URL my.RoboMarkets.com
Trial Start Trial
Overall Score 9.3/10

FULL REVIEWS OF RoboMarkets

Do you wish to learn the truth about the RoboMarkets broker and can you really trust them to deposit and trade. your money with? RoboMarkets is a broker that was established in the year 2009 and is at present regulated in Cyprus. Traders on the platform have the option to open 5 types of trading accounts (Pro-Standard, Pro-Cent, ECN-Pro NDD, Prime and Demo). Each account has specific characteristics tailored to suit the trading needs of different experience levels of traders which will be further elaborated below.

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What Are The Different Account Types At RoboMarkets And Which One Is Right For You?

  • Demo

Demo accounts are used typically by new traders or those who are new to RoboMarkets and wish to first test out the platform first. They are great for testing out the functions that the trader needs before starting on a live account. Its main features are:

    • Customised and competent advisors on-hand to guide traders
    • No real funds invested
    • Has all the same trading functionality as live accounts
  • Pro Cent

The Pro-Cent account is perfect for beginners who are interested to test out the platform first. This account type allows the trading of micro lots and comes with the following features:

    • Order Volume from 0.0001 lots / 0.1 cent lots if trading on MetaTrader4
    • Floating Spreads
    • Market Execution Mode
    • 5-Digit Quotes
  • Pro-Standard

This account is for more experienced traders and caters to higher trading volumes for no added cost. Some of its unique features are:

    • Market Execution Mode
    • Floating Spreads
    • 5-Digit Quotes.
  • ECN-Pro NDD

This account is great for traders who want speedy order executions, lower spreads and the best execution types. Hence, it is for proficient traders who are looking for the following features:

    • Floating Spreads
    • 5-Digit Quotes
    • NDD (Non-Dealing Desk)
    • Market Execution Mode
  • Prime

Prime accounts offer trading conditions used by liquidity providers. These would include having access to a brand new MT4 server and having the fastest trade executions of all the accounts. On top of that, they also provide:

    • Floating Spreads
    • Market Execution Mode
    • NDD (Non-dealing desk)
    • 5-Digit Quotes

Review Verdict: RoboMarkets is a legitimate broker that works

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Consumer Alert Regarding RoboMarkets

The success of RoboMarkets has given rise to many frauds who try to sell their own fake broker websites in its name. This is a big issue as many customers have lost their money in joining from such fake sites. It is advised that customers should be really careful when they are joining and should do some research before they join from any website. To spot these, watch out and avoid sites that claim to write about RoboMarkets, yet the write-up is completely garbage and unreadable as they are created by software and spammed all over the internet. It is always better to avoid joining from any other site other than the official one. Therefore, it is highly advised that consumers do careful research, or only join from the site from the official website here – http://RoboMarkets.com/Official (link opens in a new window). The official website that they have includes the legitimate broker.

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