RoboMarkets, a rapidly expanding brokerage with millions of trading accounts, was established in 2012 under RoboMarkets LTD. This brand encompasses several entities, including RoboMarkets Deutschland GmBH led by Gottfried Korzuch. Renowned for offering diverse account types and fair trading terms, it has carved a niche in the industry. Notably, the broker sponsors the AEL Limassol Women’s Volleyball Team, holds a Premium Partnership with BMW M Motorsport, and is a Premium Partner of Eintracht Frankfurt.

This broker, regulated by CySec and BaFin, has garnered numerous awards in a relatively short span. Some of its accolades include:

• “Best Broker for Stocks Trading,” The London Investor Show (2018)
• “Best Client Service (Europe)” Global Brands Magazine (2019)
• “Safest European Broker” The London Trader Show (2020)
• “Most Trusted European Broker” Global Forex Awards (Retail) (2020)
• “Best Indices Broker” International Business Magazine Awards (2020)
• “Best Value Broker (Global)” World Economic Magazine Awards (2021)
• “Best Mobile Trading Platform” Professional Trader Awards (2021)
• “Best Stocks Broker (Global)” Global Forex Awards (B2B) (2021)

RoboMarkets: Pros & Cons

Pros:

• Impressive Website
• Diverse Account Types
• Solid Reputation

Cons:

• Limited Country Availability
• Perceived High Minimum Deposit

Recommended Audience for RoboMarkets

Considering its range of accounts and educational materials, RoboMarkets caters to both newcomers and seasoned traders. The broker offers accounts tailored to seasoned traders and those suitable for novices seeking entry into trading.

RoboMarkets Features

Varied account types cater to different trader profiles. The broker boasts five primary account types, each with distinct rules and prerequisites, appealing to both seasoned and novice traders.

Commission-free stock trading on R StocksTrader accounts with 1:1 leverage. However, charges may apply on other account types.

Accessible partnership programs suitable for anyone seeking collaboration, offering additional information in the FAQ section.

Educational resources and an informative blog providing updates on market trends, trading opportunities, and strategies.

Excellent stock trading conditions, notably on the R Stocks account, are highly regarded for their exceptional conditions. The platform boasts spreads starting from 0 pips on other accounts, with a wide array of instruments to choose from. Algorithmic traders experience no limitations, with execution commencing in as little as 0.1 seconds. Additionally, clients receive two free fund withdrawals per month, eliminating unwanted fees.

• Broker Type: Market Maker, STP, NDD, ECN
• Regulation & Licensing: BaFin (Federal Financial Supervisory Authority of Germany), Cyprus Securities and Exchange Commission (Cyprus)
• Accepted Clients: From 29 Countries
• Offered Assets: >12,000
• Available Platforms: Web, Mobile, Download
• Mobile Compatibility: iOS, Android
• Accepted Payment Methods: Credit Card, FasaPay, Giropay, Mastercard, Neteller, PayPal, Rapid Transfer, Skrill, Visa, Wire Transfer

RoboMarkets Account Types

Prime Account:

• Account Currencies: USD, EUR, CHF, GBP, GOLD
• Available Leverage: Determined based on trader’s experience and knowledge at registration
• Minimum Deposit: $100
• Starting Spreads: 0
• Commission Per Trade: Varies
• Decimal Pricing: Up to 5 decimals
• Trading Instruments: 28 CFDs on Forex, Metals, US Stocks, Indices, Oil
• Min. Lot Size Per Trade: 0.01
• Max Lot Size Per Trade: 50
• Demo Account: Yes
• Swap/Rollover Free: Yes

ECN Account:

• Account Currencies: USD, EUR, CHF, GBP, GOLD
• Available Leverage: Determined based on trader’s experience and knowledge at registration
• Minimum Deposit: $100
• Starting Spreads: 0
• Commission Per Trade: Varies
• Decimal Pricing: Up to 5 decimals
• Trading Instruments: 28 CFDs on Forex, Metals, US Stocks, Indices, Oil
• Min. Lot Size Per Trade: 0.01
• Max Lot Size Per Trade: 50
• Demo Account: Yes
• Swap/Rollover Free: Yes

R Stocks Account:

• Account Currencies: USD, EUR, CHF, GBP, CZK
• Available Leverage: Varies based on asset
• Minimum Deposit: $100
• Starting Spreads: 0
• Commission Per Trade: Stocks: $0.009-$0.025 per share, CFD on US Stocks: $0.02 per share, CFD on EU Stocks: 0.07%, Forex: $15 per 1 million base currency, Indices: variable
• Decimal Pricing: Up to 5 decimals
• Trading Instruments: More than 12,000: Stocks, CFD on Stocks, CFDs on Indices, CFDs on Forex, CFDs on ETFs, CFDs on Oil, CFDs on Metals, CFDs on Brazil Stocks
• Demo Account: Yes
• Swap/Rollover Free: Yes

ProCent Account:

• Account Currencies: USD, EUR, CHF, GBP, GOLD
• Available Leverage: Determined based on trader’s experience and knowledge at registration
• Minimum Deposit: $100
• Starting Spreads: 1.3
• Commission Per Trade: No
• Decimal Pricing: Up to 5 decimals
• Trading Instruments: 36 CFDs on Forex and Metals
• Min. Lot Size Per Trade: 0.01
• Max Lot Size Per Trade: 50
• Demo Account: Yes
• Swap/Rollover Free: Yes

Security and Regulations

RoboMarkets is regulated by CySec under license number 191/13 and overseen by BaFin, the German Federal Financial Supervisory Authority. The brokerage offers MetaTrader 4 and 5, providing traders with multiple order execution methods, interactive charts, technical indicators, and the ability to create and deploy trading robots. Additionally, the platforms R WebTrader and R MobileTrader offer traders thirteen indicators, nine graphic analysis tools, streamlined account management, and exclusive RoboMarkets analytics.

Conclusion on RoboMarkets

This established broker, serving both novice and seasoned traders, provides a rich repository of resources. While certain accounts suit seasoned traders better, RoboMarkets offers cutting-edge platforms and access to thousands of instruments. User reviews vouch for its credibility, making it a reputable choice in the market.