Roboforex was founded in 2009, a global financial trading platform. Nowadays, the company is offering retail investors, CFDs trading, and Forex trading. The head office of the company is in Cyprus.
One of the difficult things, before you start trading, is to find a broker that can meet your needs. In this article, we will share everything that you need to know about this platform. Furthermore, we will discuss its functions and roles as an international financial trading platform.
If you are a beginner, you must be struggling with selecting a broker. It is difficult, especially when you see a complex mobile app or an online trading platform.
Table of Contents
Features of Roboforex:-
When it comes to the features, it has all that an advanced or a beginner trader needs. It has an advanced financial comparison chart. Furthermore, the analytics available on the platform is backed by research from top analysts. You can use it on multiple platforms such as iPhones, Android, Computer, Mac, and online through a web browser. Other great features include:
- Demo Account
- Trailing Stops
- API Trading
- Available in 13 different languages
Is Roboforex Safe
Whenever you choose a broker, you need to know the regulatory status and administrative body. It is essential to gather complete information about Roboforex as well.
If you are investing with a broker without a supervision of a regulatory body, your capital is at risk. This broker is on the list of Top Forex Brokers for 2021. It is established in 2009 and operating for 12 years. A regulated broker will never manipulate the market prices.
Does Your Money Safe With the Platform?
Any money you deposit with the platform is kept in a segregated bank account. You also need to keep in mind that this platform only uses tier-1 banks, the official measure of bank strength and health.
A Tier 1 bank is considered the most secure and also describes the financial strength of a bank. When you invest money with Roboforex, you can rest assured that your money is safe in a bank. Furthermore, the bank has enough capital to accommodate your withdrawal requests.
Keeping this in mind, we can say that the platform is safe and secure. That said, you need to know that you can lose funds. Suppose you are a beginner and don’t know about market analysis. You will end up making wrong decisions that can lead to heavy losses. Losing money while trading is common, especially with beginners. That is why; it is essential for you to first have a better understanding of the market.
Try with a Demo Account
Every reputable online broker offers a virtual account (demo account). They also provide you with some virtual money to invest in the market. They show real-time stats of the market and allows you to place virtual orders to test your skills.
It is always better to join a community of professional traders. You can learn a lot from them. You also need to keep in mind that even professional traders can lose money. But there are workarounds to mitigate the risks, which you can learn with experience. A demo account will be a great way to test what you have learned so far.