RoboMarkets Review

up to 10% cashback and 115% on first deposit up to $50k for professional clients
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Note that this is a RoboMarkets Europe review and all links and banners are only for European and EAN clients. If you’re looking for RoboMarkets Asia or RoboForex (Worldwide) instead,… more

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Broker RoboMarkets
Website URL
Founded 2012
Headquarters 4 Modestou Panteli, office 005, Mesa Geitonia, PC 4003, Limassol, Cyprus
Support Number +35725123275
Support Types Live chat, email, phone, social media channels, contact form on website
Languages English, Russian, Indonesian, Chinese Traditional, Portuguese, Ukrainian, Arabic, Lithuanian, Czech, Japanese, Chinese Simplified, Malay, Thai, Polski, Spanish, Italian, German, Vietnamese
Trading Platform MetaTrader 4, MetaTrader 5, R Trader, RoboMarkets Terminals
Minimum 1st Deposit 100 USD EUR or GBP
Minimum Account Size $1
Minimum Trade Amount dependa on account type but from 0.01 lots
Maximum Trade Amount depends on account type but up to 500 lots
Bonus up to 10% cashback and 115% on first deposit up to $50k for professional clients
Payout RoboMarkets offers instant payouts
Leverage 1:1 up to 1:30 for retail clients, up to 1:500 for professional clients
Spread Floating spreads from 0 pips
Free Demo Account Open Demo
Regulated Yes
Regulation RoboMarkets Ltd (ex. RoboForex (CY) Ltd) is a European broker regulated by the CySEC, license No. 191/13.
Fee Info $0.0045 per stock on Robo Prime Stock Trading accounts
Commissions Yes
Commission Info $2 per standard lot, $4 round turn on Robo Prime accounts and $0.0045 per stock
Account Types Pro-Standard, Pro-Cent, ECN-Pro NDD, Prime, Demo Pro, Demo, R Trader
Deposit Methods BlueOrange Bank, Barclays Bank PLC, Deutsche Handelsbank, Fast Bank Transfer, iDEAL, Sofort, Rapid Transfer, Trustly, Nordea Solo, Multibanco, GiroPay, Przelewy24, WebMoney, Skrill, Fasapay, Neteller, QIWI Wallet, Boleto, Visa, Mastercard
Withdrawal Methods BlueOrange Bank, Barclays Bank PLC, Deutsche Handelsbank, Fast Bank Transfer, iDEAL, Sofort, Rapid Transfer, Trustly, Nordea Solo, Multibanco, GiroPay, Przelewy24, WebMoney, Skrill, Fasapay, Neteller, QIWI Wallet, Boleto, Visa, Mastercard
Trading Methods Hedging and scalping allowed, Copy Trading, RAMM investment Platform, Expert Advisors allowed
Number of Assets 11,700+
Types of Assets Trade more than 11,700 stocks, forex pairs, commodities, indices, ETF's, bonds, precious metals, CFD's an cryptocurrencies
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 9.2

Full Review

Note that this is a RoboMarkets Europe review and all links and banners are only for European and EAN clients. If you’re looking for RoboMarkets Asia or RoboForex (Worldwide) instead, please navigate to the correct reviews.

RoboMarkets Review 2020 – Company Information

In This RoboMarkets review, updated for 2020, we are going to look at all the pros and cons of trading with RoboMarkets.

RoboMarkets is a forex, CFD and stock trading broker, founded in 2013. RoboMarkets Ltd. is licensed by the CySEC under license number 191/13 and is thus a regulated broker. As brokers operating in the European Union nowadays have to state how much percentage of their traders lose money whilst trading CFD’s, they are required to state this on their website.

What immediately caught my eye whilst writing this RoboMarkets review, is the relatively low percentage of 66,7%. This is way lower than most other brokers where I see percentages as high as 89%.

Both from this fact and the fact that they also offer stock trading on a whopping 11,700 different stocks, I can conclude most professional traders from Europe choose for RoboMarkets as their main broker. RoboMarkets is also the proud sponsor of BMW M Motorsport, the ”Autolife” Team: Starikovich – Heskes and the RoboMarkets AEL TRB-Danoi Cyprus women volleyball team.

If you never heard from RoboMarkets before, please continue reading this review so I can introduce you to this famous brokerage firm.


License and Regulation – Is RoboMarkets Reliable and Safe?

As I outlined before, RoboMarkets is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 191/13. Their company and subsidiaries are registered investment companies in over 30 different European countries. You can check out their license and more regulatory information by clicking here.


RoboMarkets CySEC Information

Your money is also safe with this broker because they are part of the Investor Compensation Fund (ICF). This means that in the rare case of RoboMarkets going bankrupt, investors and traders will get back up to 20,000 Euro in compensation.

Apart from being member of ICF and fully licensed and regulated, RoboMarkets also provides 2 Factor Authentication, SSL ecnryption and Client’s fund segregation.

To explain this in more detail, the two-factor authentication is used at login, when a 5-digit SMS code will be sent to the user’s phone number or by Authy. The user has to fill in this code within the trading software to continue logging in their trading account. This protects the trader or investor from being hacked. The RoboMarkets website, app and trading platforms are all encrypted by modern ciphers, also called SSL by Comodo CA Ltd.

Fund Segregation

Client’s funds are being held in segregated bank accounts at top tier 1 banks. One of these banks is Barclays Bank PLC, which is world renown for it’s top of the line banking services. RoboMarkets is the official sponsor of BC Žalgiris Kaunas, the best and oldest basketball club in Lithuania.

Tradeable Financial Instruments, Assets and Products

On RoboMarkets traders can choose among 11,700 trading instruments. This is one of the highest numbers of any broker world wide. You can literally trade almost anything at RoboMarkets, including CFD’s on 50 currency pairs, 7 cryptocurrencies, 3000 stocks and 9 indices.

Please note that trading stocks is only available trough the R Trader platform.


RoboMarkets Review 2020 – Account Types

RoboMarkets offers 8 different account types being: Pro-Standard, Pro-Cent, ECN-Pro NDD, Prime, R Trader, Islamic, Demo Pro and Demo. They offer quick order execution, handy Members Area to manage your accounts, and optimal trading conditions. The Company has developed several types of account to help you to choose the most suitable solution based of MetaTrader4, MetaTrader5, and R Trader trading platforms. WebTrader web terminal and MobileTrader mobile application for iOS and Android will provide you with an opportunity to trade even when you don’t have access to your PC. All above-mentioned platforms can be downloaded in their Download Center.

These accounts are either available on MetaTrader 4 or MetaTrader 5 or on C Trader, branded to R Trader by RoboMarkets. All account types can be funded in five different currency types: USD, EUR, CHF, GBP and GOLD. The minimum deposit amount at all real or live accounts is $100 or equivalent. Traders can set their own leverage levels during registration and the set leverage is also dependent on the trader’s experience and knowledge. The Prime account is a little bit different compared to all other accounts, but more on that later.


RoboMarkets Trading Account Types

Pro-Standard Account

With this account type spreads start from 1.3 pips with market executions. 36 forex pairs are available as well as precious metals, CFD’s and cryptocurrencies.

Pro-Cent Account

Using the Pro-Cent account only 36 forex pairs can be traded and precious metals. Floating spreads start from 1.3 pips and the minimum order volume is just 0.1 lots.

ECN-Pro NDD Account

With the ECN-Pro NDD account 36 forex pairs can be traded, precious metals, CFD’s and cryptocurrencies. The floating spreads on this account start from just 0 pips and the minimum order size is even smaller compared to the Pro-Cent Account: just 0.01 lots.

Prime NDD Account

Prime account holders can use either MetaTrader 4, MetaTrader 5 or R WebTrader. 28 forex pairs, precious metals, CFD’s and cryptocurrencies can be traded. The minimum deposit on this type of account is quite high, being $5,000. Floating spreads charged on this account type start from 0 pips.


R Trader Account

This account type gives traders and investors access to over 11,700 trading instruments and actual real stocks. The minimum deposit required to open an R Trader account at RoboMarkets is $100 or equivalent and the spreads on forex start from 0 pips. Commissions are charged on stocks and are about $0,25 on US stocks. For more information regarding RoboMarkets commissions please check out their pricing table on their website by clicking this link.


Islamic Accounts

RoboMarkets offers Islamic accounts designed for Muslim traders who desire swap-free and/or riba-free accounts. To open a Islamic account at RoboMarkets you first need to open a regular MT4 account and then contact support to make them switch it to a Islamic account.

Demo Accounts

Of course not everyone want to directly try out a broker or new trading strategy with real money. That’s why RoboMarkets offers not one but two types of demo accounts. For these accounts no deposit is required. The demo accounts only come in USD format and have floating spreads. The demo accounts are available in MT4, MT5 and R WebTrader format.

Demo Pro

This type of demo account comes with spreads charged from 1.3 pips and offers trading on 36 forex pairs, precious metals and cryptocurrencies.

Demo ECN-Pro NDD

The Demo ECN-Pro NDD is similar to the regular Demo Pro account but floating spreads start from 0 pips on this account type. Obviously, as you can see from the name, this account type offers ECN-style forex trading.

To open any type of account, just click on ‘Open an Account’ under the main menu bar. Fill in the registration form, verify your email address and start using any demo account within minutes. To open a real or live account, you need to pass their KYC procedure by uploading a form of ID and proof of residence.


Opening a demo account at RoboMarkets

Mobile Trading Platforms

RoboMarkets is also available on your smartphone, in three different versions that is. Traders can choose to use the R Mobile Trader, which is based on C Trader or MetaTrader 4 or MetaTrader 5 versions. All of these mobile trading platforms are available on both Android and iOS mobile devices and can be downloaded in their respective app stores. Please note that some features on the desktop version like expert advisors and indicators are not available on the mobile versions.

Social Trading with RoboMarkets

CopyFX Trading Platform

The copy trading platform allows you to follow and copy professional traders so that you don’t have to do market and stock research yourself. Simply choose how much money you want to invest in a certain trader and click ‘copy’ to start copying their trades. The minimum investment in this type of account is $100 and you can stop following and copying traders at any moment.

Learn more about copy trading and social trading in the special social and copy trading part of our website:

Social Trading Brokers

Ramm Trading Platform

The Ramm trading platform is similar to the CopyFX trading platform but it has two main features that are not existant on the CopyFX platform, being higher risk management and proportional allocation of profit tools. Overall, copy trading on the Ramm trading platform protects you better from unprofitable traders.

RoboMarkets Review 2020 – Deposits and Withdrawals

At RoboMarkets depositing money into your account is free of charge. During withdrawal of funds some fees might be charged depending on the chosen method. The payment options at RoboMarkets are divided into three categories:

Payments by Bank:

BlueOrange: Available in EUR, CHF, PLN, GBP and CZK. The minimum transaction amount is 500 EUR or equivalent and the processing time takes up to 5 business days. The withdrawal fee is 35 Euro
Trustly/Nordea Solo: The transaction currency is EUR and it is only for deposits. The amount range is € (10 – 10,000) and it is processed instantly.- Fast Bank Transfer/Sofort/iDEAL Methods: Only for deposits in EUR. It takes up to 5 working days and the range is €10 – €10,000.
Rapid Transfer: Deposits are instant and the accepted amounts are €10 – €5,000. For Withdrawals, 1% fee is charged and it takes 1 minute to 1 day to process.
Barclays Bank Plc Transfer:  Available in EUR, USD and GBP. The minimum transaction amount is €500 and it takes up to 5 bank working days to complete. Withdrawal fee is 40 GBP.
Deutsche Handelsbank: Available in EUR. Minimum amount is €500 and the processing time takes up to 5 days. Withdrawal fee is €35.

Electronic Payments:

WebMoney: Available in USD and EUR. The deposit is instant and from $10. Withdrawals take up to a day and it’s from $0.02. Withdrawal fee is 0.8%.
Skrill: Available in USD, EUR, MYR, INR, AED and PLN. Instant deposits from $10. Withdrawal fee is 1% and it take from a minute to a day. Minimum withdrawal amount is $1
Fasapay: Available in USD and IDR. Deposit range is $10 to $20,000 and it is processed instantly. Withdrawals are charged at 0.5% and it take from 1 minute to 1 day. The withdrawal range is $0.1 – $20,000
Neteller: Available in USD, EUR, MYR, INR, AED and PLN. The deposit is instant and the range is $10 – $50,000. Withdrawals fees are 1.9% and it takes 1 minute to 1 day to process.
Qiwi Wallet: Available in USD and EUR. Deposits are processed instantly and the range is $0.03 to $950. Withdrawals take from 1 minute to 1 day and ranges from $1 – $3,800. No withdrawal fees are charged.
ePayments: Available in USD and EUR. Deposits are from $10 to $10,000 and processed instantly. The withdrawal take 1 minute – 1 day and the range is $1 to $10,000. Withdrawals are charged at 1%.
Euteller: This method is used for only deposits in EUR. Transactions are processed instantly and the range is €10 – €1,000. Deposit only in EUR. Range is €10 to €10,000.

Bank Cards:

Visa/MasterCard: Available in Multiple currencies. Minimum deposit is $10 and maximum is between $10,000 to $100, 000 depending on the gateway processors. Deposits are processed instantly while withdrawals to card take 1 – 10 bank working days. Maximum withdrawal amount is $10,000 and the charge is 2.4%.
Maestro Card: Used only for deposits in EUR. Deposits are processed instantly and the range is €10 – €10,000.
China UnionPay: Only for deposits in CNY. The amount is 100 CNY to 18,500 CNY and it is processed instantly
Carte Bleue/Dankort: Used only for deposits in EUR. Amount ranges from €10 to €10,000 and processed instantly.

Special Features provided by RoboMarkets

RoboMarkets offers a range of special features that other brokers don’t offer. The most notable one is the Strategy Builder, which allows you to create your own code and trading robots. Other special features include the Trader’s Calculator to calculate transaction costs in real time and the Virtual Private Server, which is provided for traders who use Mechanical Trading Systems (MTS) or Expert Advisors (EA’s). This costs an additional $10 per month.


RoboMarkets Bonuses and Promotions

RoboMarkets doesn’t give any bonuses nor promotions to it’s clients to keep up with current CySEC regulations which prohibit giving out bonuses to traders.

RoboMarkets Customer Support

The RoboMarkets customer support is available by phone, live chat and email. The customer support by phone is available in 11 languages. For support in English, simply call: +357 25 123275.
You can also request a call back or email them at [email protected] in English or [email protected] in German.   Via the live chat feature, which is available 24/7, you can chat with one of their customer support employees as well.

RoboMarkets Research and Analysis

Every day RoboMarkets published five articles in the form of daily analyses. They provide Ichimoku Cloud analysis, Murrey Math Lines, Forex technical analysis and forecasts, Fibonacci Retracement analysis and Japanese candlestick analysis.  Users that have a real or live account at RoboMarkets can subscribe for free to even more analytical services provided by the broker.

RoboMarkets VIP and Professional Traders

RoboMarkets is one of the few brokers that offer truly superb perks for VIP and professional traders. To qualify as professional trader you have to invest at least 500,000 EUR via them. Professional and VIP traders have access to dedicated promotions and up to 10% lot rebate in the form of cashback deposited in to their accounts.

RoboMarkets review conclusion

RoboMarkets is a reputable, award winning broker offering it’s services to traders from the EU and EEA. It is a fully licensed and regulated broker that plays by the rules. They provide maximum trader and investor protection and their customer support is friendly and helpful. Although they don’t offer any educational material, the fact that they offer support in 11 languages and multiple analyses daily makes up for this. There is no conflict of interest trading at this broker and the option to trade stocks with the R Trader account is quite unique compared to most other brokers, who only offer CFD and forex trading.

We can highly recommend opening an account at RoboMarkets and hope to have provided you with enough information in this RoboMarkets review, updated for 2020. Not sure yet? Try RoboMarkets free demo account instead!

Please note that if you’re not from the European Union, you have to sign up for a real account at RoboMarkets Asia or RoboForex instead.


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  • Low spreads from 0 pips
  • Execution from 0.1 seconds
  • 5 Account currencies
  • Cent accounts with minimum lot size of 0.01
  • 8 asset classes
  • Expert Advisors and scalping are enabled and allowed


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I hereby declare this review to based on my own experience trading with this broker and I did not reseve compensation in any way submitting this review

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