For this RoboMarkets review, we have opened a standard account with the broker and deposited €5,000.

We traded the popular instrument in each market to get the real spreads and placed a total of 12 trades.

We also reached out to customer support to solve the issues we faced.

Finally, we withdrew our funds to see if there are any issues with the withdrawal process.

What is RoboMarkets

RoboMarkets is a forex and contracts for differences (CFDs) broker, headquartered in Cyprus.

The broker has multiple regional offices across the Europe and is regulated in Cyprus.

RoboMarkets is a multi-asset broker with offerings that include forex, stocks, indices, and commodities.

Some of the highlights of RoboMarkets are:

🗺️ Authorised & Regulated inCyprus
🛡️ Is RoboMarkets safeYes
💰 EUR/USD Spread1.68
💳 Minimum deposit$100
💰 Withdrawal feeDepends on the payment method
🖥️ Trading PlatformMT4, MT5, R Trader, cTrader
📈 Markets offeredForex, Indices, Stocks, Commodities
📉 Number of Products107

Licenses and Regulations

RoboMarkets is well-established and is regulated by the Cyprus Securities and Exchange Commission ( CySEC)

The full list of RoboMarkets licenses is below:

Legal entityRegistered inRegulatorLicense numberAccepting clients fromCompensation scheme amount
RoboMarkets LtdCyprusCyprus Securities and Exchange Commission (CySEC)191/13European Union€20,000
RoboMarkets CySEC (Cyprus Securities and Exchange Commission) Registration
RoboMarkets CySEC License

Is RoboMarkets Safe

Yes, RoboMarkets is a safe broker.

The broker is well-regulated and is subject to stringent compliance in Europe. The clients under the CySEC-regulated entity also receive a compensation scheme of €20,000 for the protection of their funds.

For our tests, we opened an MT5 pro account and another R Trader account with RoboMarkets Ltd, which is regulated by Cyprus Securities and Exchange Commission (CySEC) in Cyprus

Fees and Commissions

RoboMarkets fees are usually built into spreads. But higher-tier accounts charge commission too.

Spreads on our forex trades were a bit higher than the industry average benchmark. However, spreads charged for other asset classes were significantly lower.

RoboMarkets Spread Charged in Our Trades

For our tests, we have chosen popular instruments in each market. We placed 3 trades for each instrument to get a picture of the average spread.

Spreads for our trades varied but remained within a reasonable bound.

Details of our trades are shown below the table.

MarketsInstruments1st trade2nd trade3rd tradeAvg. spread
IndicesFTSE 1000.750.7510.83

Our testing finds that forex spreads on RoboMarkets are around the industry average or a bit higher. Spreads on indices and gold are on the lower side.

RoboMarkets charges commission on shares CFDs with zero spread.

MarketsInstrumentsAvg. spread charged in our tradesIndustry avg. spread
IndicesFTSE 1000.831.65

Other Fees

RoboMarkets does not charge any fee for deposits, but there are fees for most of the withdrawals.

Withdrawal fee of some of the most used withdrawal methods:

  • Rapid Transfer – 1%
  • Credit/Debit Card – 2.4%
  • Bank Transfer – 25 USD, 10 EUR, 20 GBP, 150 PLN, 75 CHF
  • WebMoney – 0.8%
  • Skrill – 1%
  • FasaPay – 0.5%
  • Neteller – 1.9%
  • PayPal – 2%

The broker does not have any inactivity or account maintenance fees.

Account Types

RoboMarkets offers five types of accounts to retail traders

Pro AccountProCent AccountPrime AccountECN AccountR Trader Account
Trading PlatformsMetaTrader 4, MetaTrader 5, R TraderMetaTrader 4, MetaTrader 5, R TraderMetaTrader 4, MetaTrader 5, R TraderMetaTrader 4, MetaTrader 5, R TraderMetaTrader 4, MetaTrader 5, R Trader
Minimum deposit$100$100$100$100$100
CommissionNoneNone10 / mio20 / mioUS Stocks (Deposit from 10,000 USD) 0.02 USD per share, US Stocks 0.0045 USD per share. CFD on US stocks 0.015 USD per share, CFD on EU stocks 0.07%, Forex 15 USD per 1 million base currency, Indices variable commission
Order executionMarket ExecutionMarket ExecutionMarket ExecutionMarket ExecutionMarket Execution
SpreadFrom 1.3From 1.3From 0From 0From 0

Account Opening

Our overall experience of opening a new account with RoboMarkets was smooth and quick.

We opened an MT5 pro account and an R Trader account for our tests under the Cyprus-regulated entity.

The process of registration of a new RoboMarkets account:

  1. Enter email, first name, last name, mobile number
  2. Enter desired trading platform, account type, hedge system, currency, leverage, and affiliate code
  3. Answer a few questions on profession and trading experience
  4. Provide a few details on the financial situation and risk appetite

For our identity verification we have to provide the following details:

  1. Enter name, surname, gender, and date of birth
  2. Declare if we are politically exposed
  3. Declare if we are a reportable entity under FATCA
  4. Provide national id or passport number, issuing authority, and issuing date

We submitted the following documents to verify our RoboMarkets account:

  1. Copy of national identification (both front and back)
  2. Copy of passport

The registration process took around 23 minutesOur account was verified on the same day.

Our account was registered on April 2, 2023, and approved on the same day.

Our overall account opening experience was smooth and without any issues from registration to verification.

RoboMarkets Account Opening
RoboMarkets Account Opening

Deposit and Withdrawal

Deposits and withdrawals on RoboMarkets are easy and fast.

The broker, however, charges fees on most of the withdrawal methods.

RoboMarkets Minimum Deposit

RoboMarkets has a minimum deposit requirement of $100 for all account types.

Robo Markets Deposit

RoboMarkets allows deposits using bank transfers, credit and debit cards, and several top online wallets like PayPal, Skrill, and Neteller.

We tested the deposit process on RoboMarkets using a credit card, PayPal, Skrill, and Neteller.

Details of our fund deposits are shown in the below table.

Payment MethodSubmitted DateFunded Account DateFunding TimeFee
Credit card2023-04-032023-04-03Instant0
RoboMarkets Deposit Methods
RoboMarkets Deposit and Withdrawals


RoboMarkets allows withdrawals with bank transfers, credit and debit cards, and other methods that are supported for deposits.

Overall, our experience with the RoboMarkets withdrawal process was positive.

Details of our withdrawal requests are in the table below.

Payment MethodSubmitted DateFund Released DateFund Arrived DateWithdrawal TimeFee
Credit card2023-04-042023-04-042023-04-051 working days0
Neteller2023-04-042023-04-042023-04-046 hours2%
Skrill2023-04-042023-04-042023-04-043 hours1%
PayPal2023-04-042023-04-042023-04-043 hours0.35%

Markets and Products

RoboMarkets offers CFDs trading services with forex, indices, stocks, and commodities.

The complete list of RoboMarkets offerings are:


Trading Conditions

RoboMarkets offers excellent trading conditions. The broker allows hedging and scalping strategies and traders can change leverage levels as well.

Trading MethodAllowed
Change LeverageYes


Leverages offered by RoboMarkets are detailed below:

MarketsRoboMarkets Ltd
Major Currency Pairs30:1
Non-Major Currency Pairs20:1
Other Commodities (except Gold)10:1

Trading Platform

RoboMarkets offers four trading platforms:

  • R Trader (the brokers proprietary platform)
  • MetaTrader 4
  • MetaTrader 5
  • cTrader

RoboMarkets MT4

MetaTrader 4 platform and MetaTrader 5 platform are developed by MetaQuotes Software and are used extensively within the trading industry.

We executed our trades on the MetaTrader 5 and R Trader trading platform.

RoboMarkets Trading Platform
RoboMarkets R Trader Platform


RoboMarkets offers several bonus programs.

Cashback (Rebates)

Account typeAll account types
Client typeProfessional
Minimum trading volume10 lots
EntityRoboMarkets Ltd

Details of payout:

Account typeCalculation method 10 – 1,000 lots1,000 – 3,000 lotsMore than 3,000 lots
Cent, Pro, ECN% of the company’s revenue5%10%15%
Prime% of commission5%7%10%

Classic Bonus up to 120%

Account typeMetaTrader4 and MetaTrader5-based accounts (ECN, ContestFX, and CopyFX accounts do not participate in the program)
Client typeProfessional
Bonus option Client can choose the bonus amount: 25%, 50%, 100% or 120%.
Maximum payoutUp to 50,000 USD / 50,000 EUR / 325,000 CNY / 39,000 GOLD
Restrictions“Classic bonus” bonus program is not available to the clients from Malaysia.
EntityRoboMarkets Ltd

Up to 10% of Extra Funds

Account typeAll MetaTrader4 and MetaTrader5 real accounts, including ECN, Prime, CopyFX, and affiliate accounts
Client typeProfessional
EntityRoboMarkets Ltd

Trading details:

Trading lots1-10 lots1-1,000 lotsMore than 1,000
RoboMarkets Bonus
RoboMarkets Bonus

Research and Tools

RoboMarkets offers decent tools for market research and analysis.

Tools offered by the broker include:

  • Impressive charting tools
  • Economic calendar
  • Currency analysis and forecasts 
  • Trading ideas
  • Remote VPS servers
  • Newsfeed
RoboMarkets Analytics Tools
RoboMarkets Market Analysis


RoboMarkets offers decent educational resources.

The broker’s educational materials only include:

RoboMarkets Educational Material
RoboMarkets Forex Courses

RoboMarkets Customer Service

RoboMarkets offers excellent customer support.

Traders can contact the broker via:

  • Live chat
  • Email
  • Phone

The support staff is available 24/7.

Our experience with RoboMarkets customer support was mixed.

QuestionResponse TimeQuality of reply
Live ChatWe asked if our trading account is fully approved, do they charge any deposit&withdraw fees, or what are the deposit method3 minuteClear and accurate
Live ChatWe asked as we can see they have 4 options for depositing via card(VISA/MasterCard ‎CardPay/Connectum/BlueOrange Bank/Ecommpay), which one should we choose.1 minuteClear and accurate
EmailAsked if we are allowed to trade UK100 and Crypto in our trading account.3 minuteClear and accurate
EmailAsked if RoboMarkets allows hedging scalping and change of leverage2 hoursClear and accurate
RoboMarkets Customer Support
RoboMarkets Customer Support

The broker also has a detailed FAQ section for frequently faced issues.


Our overall experience with RoboMarkets was positive.

The spreads charged on our forex trades were around the industry average. Order execution speed was fast. Spreads on other asset classes were mostly impressive.

RoboMarkets allows hedging and scalping. Traders can also change the leverage levels. There are also no restrictions on trading.

The broker does not charge fees for deposits, but there are withdrawal fees. The customer support was also good and most of the responses were clear and detailed.

We recommend RoboMarkets to forex traders who run EA and other trading strategies.

We recommend RoboMarkets for traders who are

  • Experienced traders
  • Run Scalping
  • Hedging
  • EAs trading
  • Trading through MT4 or MT5
  • Looking fr good tools

RoboMarkets might not be a fit if you are

  • Real Stock / Futures Trading
  • Very Beginners in Trading
  • Commission based trading

Author of this review

By George Rossi

Author of this review

I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader.

Now I am passionate about reviewing and comparing forex brokers.

Everything you find on BrokerTested is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

8 replies on “RoboMarkets Review 2023”

how did you make a deposit with paypal on roboforex ? Paypal is not one of their payment method. A lot of people are reporting Roboforex as a scam. I am afraid of opening an account with them .

Dear clients,

RoboForex is an international broker with the official license IFCS Belize “Trading in financial and commodity-based derivative instruments and other securities”, No. 000138/333 The Company has been providing services since 2009 and performing its obligations owed to clients in full. If you have any questions, please contact Support Service in any way convenient for you, as indicated on the “Contacts” page of our website. We will be happy to help!


Robomarkets has exceeded my expectations in every aspect of online trading. The platform’s user-friendly interface made it easy for me to navigate, even as a beginner. What sets Robomarkets apart is their commitment to transparency and security. I appreciate the clear fee structure and the rigorous measures they take to protect user data. The educational resources provided have been invaluable in helping me refine my trading strategy. Overall, Robomarkets is a top-notch platform that caters to both novice and experienced traders.

I’ve been trading with Robomarkets for over a year, and I couldn’t be happier with my decision. The platform’s reliability and speed of execution have been consistent, even during high market volatility. The range of trading instruments is impressive, allowing me to diversify my portfolio easily. What stands out for me is the excellent customer support – the team is responsive and always ready to assist. Robomarkets has become an integral part of my trading journey, and I highly recommend it to anyone looking for a trustworthy and feature-rich broker.

Robomarkets forex trading platform is a go-to for traders seeking a robust and secure environment. The real-time market data and comprehensive tools contribute to a fulfilling forex trading experience.

Robomarkets prove to be a reliable choice in the realm of forex trading. The platform’s commitment to staying abreast of market trends and providing a diverse range of forex currencies sets it apart from the competition.

One of the standout features of Robomarkets is the extensive range of stocks available for trading. Whether you are interested in tech, healthcare, or energy stocks, this online stock broker provides a diverse selection. The user-friendly interface and efficient trade execution make it easy to diversify your portfolio and take advantage of various market opportunities.

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