What Account Types and Fees Does RoboForex Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Pro Account |
Standard traders, including beginners and intermediates |
No commissions, competitive spreads |
Minimum deposit of $10, suitable for various trading styles |
| ProCent Account |
New traders, those testing strategies |
Micro trading with lower capital, floating spreads |
Minimum deposit of $10, ideal for practicing with real funds |
| ECN Account |
Professional traders seeking direct market access |
Low spreads from 0 pips, no stop levels |
Minimum deposit of $10, requires trading volume qualifications |
| Prime Account |
Experienced traders requiring optimal conditions |
Tight spreads, high execution speed |
Minimum deposit of $100, best for larger capital |
| R StocksTrader Account |
Investors focused on stocks and ETFs |
Diverse instruments, user-friendly interface |
Minimum deposit of $100, offers extensive asset classes |
| Demo Account |
All traders wanting to practice |
Free practice environment with real market conditions |
No financial commitment, ideal for testing strategies |
Account Opening Process
To open an account with RoboForex, follow these steps:
1. Submit personal information including name, date of birth, and contact details.
2. Provide employment information such as job title and employer details.
3. Enter financial information, including income sources and trading experience.
4. Complete the identity verification process by submitting a valid ID and proof of address.
5. Enjoy flexibility with the option to upgrade to a professional account later on.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| CFDs (US Stocks) |
0.02 |
$0.025/share |
Varies with trading volume |
| CFDs (Indices) |
0.5 |
$1 per 1 million |
Competitive pricing |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
Traders should be aware of additional fees that may apply, including:
– Deposit/withdrawal fees may vary based on the method used.
– Inactivity fees apply after a specified duration of account inactivity.
– Platform usage fees are generally not applicable, but check for specific conditions.
– Overnight interest (swap rates) can affect positions held overnight.
– Currency conversion fees may apply when trading in different currencies.
