RoboForex Commission or Brokerage Charges – Review, Plans, FAQs & more
When you trade you must be thinking about how much commission you will be paying for that trade, isn’t it?
Every trader whether a professional one or a newbie always calculates the commission before placing any trading orders.
This is also the right approach as if you do not know the cost of trading how can you anticipate your profit margin over the same.
So, in this article, we have curated the information related to the RoboForex Commission. We will guide you about how much they charge for different trading options or their brokerage plans.
In this article, you will also find the detailed procedure of opening an account with RoboForex.
RoboForex Commission or Brokerage Charges
The commission or brokerage charges are nothing but the fees you pay for availing of the trading facilities from the brokerage house.
The broker has the services and products which you need for trading, and to avail them you need to pay a price. Thus, the brokerage is the cost of trading.
With RoboForex brokerage plans, your trading experience can be fruitful and profitable as the broker provides multiple brokerage plans for different traders.
We will be discussing each of them in detail in the next section of the article.
However, let us first take a sneak peek at how affordable the plans are or are they worth the services you will get from the brokerage house or not.
So, you can consider RoboForex charges to be one of the most reasonable charges especially for the quality services and products it has to offer to the clients.
This brokerage house was set up in the year 2009 by Rudolph Simmons with its headquarter in Belize.
The firm is regulated by IFSC and at present, it has over two hundred employees across different branches of the firm.
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Types of RoboForex Commission Plans
|Types of Commission Plans|
|Account Type||Prime Account||ECN Account||R Trader||ProCent||Pro|
|Initial Deposit||10 USD/EUR.||10 USD/EUR.||100 USD/EUR.||10 USD/EUR.||10 USD/EUR.|
|Spread||From 0 pips||From 0 pips||Starts From 0 pips||From 1.3 pips||From 1.3 pips|
|Commission||Commission of $10 per million traded||Brokerage of $20 per million traded on Forex pairs.||US Stocks Pro commission of 0.0045 USD per share||Commission-free||Commission-free|
The RoboForex Commission varies across the different brokerage plans that the broker has. Let’s find out which one is better for you –
This is the basic account and the brokerage plan for this account provided by RoboForex is quite nominal.
You just need to pay a commission of $10 for every million you trade.
This account not only has such a cheap commission plan but also provides good exposure which can go up to 300 times.
The initial deposit required to open the account is $10 or EUR. However, the most important benefit of using this account is the spread rate on this account starts from 0 pips only.
While the initial deposit requirement and the spread level are similar to the Prime account that is $10 or 10 EUR and 0 pips as minimum spread respectively, the commission is a bit high in this account.
It is $20 per million traded when you are trading currencies and currency pairs. However, the leverage is also high which is a benefit for the client and you can get up to 500 times.
The next up is the R Trader account for which you need to keep an initial deposit of $100 or 100 EUR. The spread again starts from 0 pips only for this account.
The RoboForex charge for trading under this brokerage plan is $0.0045 per share. The exposure level you can get is up to 300 times in this account.
This is a premium account offered by RoboForex. You can open this with a minimum and initial deposit of $10 or 10 EUR.
The spread level starts from 1.3 pips but this is a commission-free account.
This means even though the spread is high you do not need to pay any commission for trading any asset using this account. Moreover, you get exponential leverage which can go up to 2000 times.
This is also a commission-free account where you can trade without paying any RoboForex fees.
Then the leverage can go up to 2000 times in this account as well and you can open this account with just $10 or 10EUR.
However, the only factor is the spread level which starts from 1.3 pips.
RoboForex Account Opening Process
If you think any of these five brokerage plans is ideal for your trading needs, then do not wait and start opening the account with RoboForex. To open the account you need to –
- Click on this tab “open account”
- Then fill the form with all the details. The form asks for personal and occupational details.
- After you fill the form you need to submit the same
- Once you are done with submitting the form, wait for associates of RoboForex to reach you.
- They will guide you about the remaining process where you need to upload some documents for supporting the details provided by you and for completing the KYC process.
- Then the next thing will be verification of the details by RoboForex and if everything is found correct. You will receive the login credential of your trading account from RoboForex in your email.
- You can then start trading.
RoboForex Payment or Withdrawal Methods
|Deposit Options||Credit Card, FasaPay, Neteller, Poli, Skrill, Wire Transfer|
|Withdrawal Options||Credit Card, Neteller, Skrill, Wire Transfer|
The payment methods are one crucial thing in trading as withdrawal methods.
For depositing money into the trading account RoboForex has a Credit card as an option. Then there are Fast Pay, Neteller, Poli, Wire Transfer, and Skrill.
Similarly, there are Credit cards, Skrill, Wire Transfer, and Neteller for withdrawal options.
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RoboForex Investment Assets
|Supported Cryptocoins||bitcoin, dash, eos, ethereum, litecoin, ripple|
|Total Tradable Assets||12000|
|Number Of Currency Pairs||50|
|Number Of Cryptocurrencies||9|
|Number Of Stocks||12000|
|Number Of Indices||9|
|Number Of Commodities||4|
|Number Of Futures||N/A|
|Number Of Options||N/A|
|Number Of Bonds||N/A|
|Number Of ETFs||450|
There are a total of twelve thousand assets that are available with RoboForex. This justifies the RoboForex commission to a great extent.
You can trade stocks with this brokerage house as well as currencies, ETFs, cryptocurrencies, and many other assets.
There are 50 currency pairs that you can trade using any of the accounts of RoboForex. There are nine global indices, four commodities, and other instruments.
RoboForex Commission – Conclusion
To conclude, we can say that RoboForex thinks about diversity and thus provides five brokerage plans as per trading accounts to the traders.
There is a commission-free account as well as commission accounts.
The commission in general is pretty cheap and low. So this helps you make more profit.
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RoboForex Charges or Fees – FAQs
Here is the list of RoboForex brokerage charges or fees:
Do RoboForex charge commission?
Yes, RoboForex has a commission charges plan as per each of its trading accounts.
While the ProCent account and the Pro account have no commission or they are commission-free, the other three accounts have.
How much does RoboForex charge brokerage?
The brokerage charges vary as per the account type. If you are using the ProCent or the Pro account, then you do not need to pay any commission.
However, if you are using the R Trader or ECN or the Prime account then there is commission ranging from $0.0045 per share traded to $20 for every million traded and $10 respectively.
What is the Minimum Deposit required in RoboForex?
The minimum deposit is $10 or 10 EUR for all the types of accounts except for the R Trader account where the minimum deposit is $100.
How much leverage does RoboForex provide?
The leverage is up to 300 times for the Prime and R Trader accounts. For the ECN account, it is up to 500 times.
For the ProCent and the Pro account, the leverage is way too high and can go up to 2000 times as well.
How much is Spread at RoboForex?
The spread is starting from 0 pips for the three accounts – Prime, ECN, and R Trader. However, for the ProCent and Pro accounts, the spread starts from 1.3 pips.
What type of Commission Plans are available in RoboForex?
The commission plan is according to the type of account. RoboForex commission plans have –
- $10 for every million traded
- $20 for every million traded
- 0045 for each share traded
Does RoboForex provide Cryptocurrency for Investment?
Yes, there are a total of nine cryptocurrencies that you can trade with RoboForex. There are Bitcoin, Ethereum, Litecoin, Ripple, Dash, and others.
Is RoboForex a legit Forex Broker?
Yes, RoboForex is a legit brokerage house that is regulated by the IFSC. It has its headquarter in Belize and branches across the globe.
The brokerage house has been in the market for the last 11 years now and there are hardly any complaints about the same.
Can I invest in RoboForex for $5?
The brokerage charges for some of the accounts are lower than $5 but you need to find trading instruments which are having prices lower than $5.
However, the more you can invest, the more benefit you can reap. So, try to invest your ideal income without hesitating.
Are there any hidden charges available with RoboForex?
No, there are no hidden charges that RoboForex has. All the commission, brokerage charges are out in the open.
You can check and compare them and then decide whether you want to trade using the RoboForex accounts or not.
Fill up the Form – Open Forex Trading Account Now!
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