RoboMarkets is a European brokerage company providing retail and professional traders with reliable access to multiple financial markets with competitive conditions. Established in 2013, it has made a mark in the industry for competitive trading conditions and a wide range of account types. The broker is a Premium Partner of BMW M Motorsport, Strategic Partner of Eintracht Frankfurt, and an Official Sponsor of the AEL Limassol Women Volleyball Team.
Regulated by CySec, RoboMarkets has managed to pick up quite a few accolades in a short amount of time. Its awards list includes:
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“Best Broker for Stocks Trading” The London Investor Show (2018)
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“Best Client Service (Europe)” Global Brands Magazine Awards (2019)
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“Safest European Broker” The London Trader Show (2020)
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“Best Indices Broker” International Business Magazine Awards (2020)
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“Best Value Broker (Global)” World Economic Magazine Awards (2021)
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“Best Mobile Trading Platform” Professional Trader Awards (2021)
Pros and Cons
Pros
- Low Spreads & Commissions
- Wide Range of Account Types
- Commission-Free stock trading
Cons
- Limited Country Range
Who Is Recommended For?
RoboMarkets, based on its account types and educational offerings, is recommended for both new and experienced traders. The broker has accounts specifically offered for experienced traders, and it also has accounts for traders with less of a handle on the industry.
Regulated By
- Cyprus Securities and Exchange Commission (CySEC)
Top Features
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No Commissions On Stocks: Commission-free* stock trading at RoboMarkets is available on innovative R StocksTrader accounts with 1:1 leverage. * Other fees may arise when trading on these accounts.
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Great Conditions for Trading Stocks: Specifically with its R StocksTrader account, there are fantastic conditions for stock trading at this broker. Its excellent stock conditions are what make it so lauded in the community. Spreads start at 0 pips on some accounts, and you have access to thousands of instruments. Execution starts at just 0.1 seconds, and there are no restrictions for algorithmic traders. Lastly, you get free fund withdrawal twice a month, eliminating those pesky fees.
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Multiple Account Types: As you’ll see from the tables below, you won’t have to work hard to find the account for you at this broker. There are five different account types, and each has their own specifications and conditions. Some are best for experienced traders, while others are great for investors learning the ropes.
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Informative Blog: In addition to a wealth of educational tools with this broker, there is also a useful blog that will keep you aware of the latest events, strategies, and opportunities in trading.
Overview
- Type of Broker Market Maker, STP, NDD, ECN
- Regulation & Licensing Cyprus Securities and Exchange Commission (CySEC)
- Clients Accepted from 29 Countries
- Assets Offered 3,000+
- Platforms Available Web, Mobile, Download
- Mobile Compatibility iOS, Android
- Payment Types Accepted Credit Card, GiroPay, VISA/MasterCard, N26, Revolut, PayPal, Trustly, Skrill, Neteller, Wire Transfer
Account Types
|
Prime |
ECN |
R StocksTrader |
ProCent |
Pro |
Features |
The most cost-effective institutional trading conditions |
Very Low Spreads, Professional Traders Welcome |
Unique Account, Next Gen Platform, Can Access All Financial Markets From One Account |
Traders Can Test New Strategies Using Small Deposits, Base Currency Uses Cents |
Most Popular Account at RoboMarkets |
Account Currencies |
USD, EUR, CHF, GBP, GOLD |
USD, EUR, CHF, GBP, GOLD |
USD, EUR, CHF, GBP, CZK |
USD, EUR, CHF, GBP, GOLD |
USD, EUR, CHF, GBP, GOLD |
Available Leverage |
Determined at registration based on trader’s experience and knowledge |
Determined at registration based on trader’s experience and knowledge |
Varies based on asset |
Determined at registration based on trader’s experience and knowledge |
Determined at registration based on trader’s experience and knowledge |
Minimum Deposit |
100 USD/EUR/GBP |
100 USD/EUR/GBP |
100 USD/EUR/GBP |
100 USD/EUR/GBP |
100 USD/EUR/GBP |
Starting Spreads |
0 |
0 |
0.01 |
1.3 |
1.3 |
Commission Per Trade |
Varies |
Varies |
Stocks: $0.009-$0.025 per share |
N/A |
N/A |
Decimal Pricing |
Up to 5 |
Up to 5 |
Up to 5 |
Up to 5 |
Up to 5 |
Trading Instruments |
100+ |
100+ |
3,000+ |
50+ |
100+ |
Min/Max Lot Size |
0.01/50 |
0.01/50 |
Unlisted |
0.1/500 |
0.1/500 |
Demo Account |
Yes |
Yes |
Yes |
Yes |
Yes |
Swap / Rollover Fee |
Available |
Available |
Available |
Available |
Available |
Trading Platforms
- MetaTrader 4 (MT4)
- MetaTrader 5 (MT5)
- R StocksTrader
- R MobileTrader
- R WebTrader
Trading and Investment Tools
- One Click Trading Yes
- Trade off Charts Yes
- Email Alerts Yes
- Mobile Alerts Yes
- Stop Order Yes
- Market Order Yes
- Limit Order Yes
- Trailing Stop Order Yes
- OCO Orders No
- 24hr Trading Yes
- Charting Package Yes
- Streaming News Feed Yes
Compliance & Regulation
RoboMarkets is regulated by CySEC. Its license is No. 191/13.
Service Details
- Supported Languages English, German, Polish, Lithuanian, Spanish, Estonian, Portuguese, Italian, Latvian, Swedish, Dutch, Czech, Croatian
- Customer Service Hours Monday through Friday from 9.00 am to 6.00 pm ET
- Telephone Orders No
- Personal Account Manager No
Reliability & Security
When entrusting funds to an online broker, security is paramount. RoboMarkets takes this responsibility seriously and implements robust measures to safeguard client investments.
Regulated by the Cyprus Securities and Exchange Commission (CySEC), RoboMarkets operates within a respected financial framework. Furthermore, client fund security is a top priority. RoboMarkets ensures the separation of client funds in segregated accounts held with major banks, protecting them from unauthorized use. Additionally, the broker offers negative balance protection, safeguarding clients from losses exceeding their initial investment during volatile market conditions. As a member of the Investor Compensation Fund (ICF), RoboMarkets provides further security. The ICF offers compensation of up to 20,000 EUR to insured clients of CySEC-licensed companies.
With CySEC regulation, segregated accounts, negative balance protection, and ICF membership, RoboMarkets establishes a solid foundation of reliability and instills confidence among traders.
User Experience
RoboMarkets offers a clean website, intuitive design, and quick account opening process. Traders benefit from an FAQ section for easy information access, live support for prompt assistance, and a user-friendly platform known for efficiency. To gauge user experience, you can also look to the reviews posted on sites dealing with real traders. From the user ratings, it seems that the experience with RoboMarkets is a positive one.
Final Thoughts on
This reputable, reliable broker has a long history in the market. RoboMarkets has a lot to offer both new and experienced traders, though be sure to pay attention to which account you pick, as some accounts are better for non-novices. RoboMarkets offers access to thousands of instruments, and its platforms are cutting edge. User reviews say the same: this is a good broker.
Contact Info
169-171 Arch. Makarios III Ave., floor 8, 3027, Limassol, Cyprus
FAQs
Q: How do I open an account?
A: To open an account with this broker, you will need to go to its website.
Q: Where can I find information about commissions?
A: Commissions vary with RoboMarkets. To access information about assets and their commissions, you will need to go to look at each individual account type on its website. As always, if you need to contact RoboMarkets specifically, you can reach them via their website portal, phone, or live chat.
Q: Can you become a partner?
A: Yes. RoboMarkets offers partnership and affiliate opportunities. To learn more, you can visit the website. The fee is 300 EUR per client, and, according to the broker, the registration process is quick and easy to start.