Forex News

RoboMarkets obtained CySEC oversight

The minimum deposit requirement at RoboMarkets is $100 or a currency equivalent for all account types. Account verification remains a mandatory final step for full account activation, but unverified traders may deposit up to €2,000 or a currency equivalent. Most traders will satisfy the process by sending a copy of their ID and one proof of residency document. RoboMarkets offers VPS hosting, supporting algorithmic traders requiring 24/7 access, for a cost of $10 monthly. Traders tend to underestimate customer support, but it might be a crucial feature in moments of crisis. In our rating, we check the contact methods available, how accessible a live agent is and how helpful the responses are.

RoboMarkets trading

RoboMarkets acts as a market maker in its Pro account but otherwise deploys an ECN execution model. RoboMarkets obtained CySEC oversight in 2013 and a BaFin license in 2019. It also remains registered in 29 European countries as a financial firm, making it one of the most legit brokers in Europe. Retail traders at RoboMarkets are unable to request bonuses, as the European Securities and Markets Authority , the super-regulator of the EU, banned them. Please note that equity markets open and close each trading and are not operational continuously like Forex. The number of indices is medium, and popular indices like S&P 500 and Dax are available for trading. Traders who want to work with commodities will have plenty of options to choose from.

dotbig reviews – A Close Anaylsis on What Doesn’t and What Works

Sign up with your name and email address to open a trading account. Trade or invest in 4,000+ trading instruments including Forex pairs, CFDs on indices, commodities, cryptocurrencies, shares, ETFs, and bonds, or purchase shares or exchange-traded funds.

  • Demo account Effective Way to Test Your Strategies Demo account trading is a great opportunity to test new strategies or EAs in real market conditions without risking your money.
  • The five account types include Pro-Standard, Pro-cent, ECN-Pro NDD, Prime and the Demo account.
  • Get the most out of fundamental and technical analysis with our News Feed and Economic Calendars.
  • You can transfer funds between your accounts from a secure client area without any fee.

The minimum deposit for all account types is $100, higher than many brokers but well within a reasonable demand and, in my opinion, more than justified. The data provider they were looking for needed to have a diverse data offering, including both US and European equities, in addition to other necessary data sets. The ideal provider would also be able to offer this data in multiple formats, including real-time and historical.

What’s Really Happening With dotbig investments

Limit Order is used to buy or sell the instrument at the preset price. This order is used when the trader wants to establish a position at a certain price level. R StocksTrader has one order window, which allows traders to put market, limit, and stop orders. We tested the spread on the RoboMarkets R StocksTrader account during the London open at 8am UK time and just after the US open at 2.45pm UK time. The broker also received a high score in the Customer Support category as the answers of the support team were quick and professional.

Receive Cashback for the trading volume of just 10 lots. Commission is from 4 USD for the trading volume of 1 million USD. RoboMarkets offers MetaTrader 4, MetaTrader 5, R StocksTrader, and RoboMarkets Terminals. It may take up to 10 bank days to withdraw money from a RoboMarkets account if you are using Visa/MasterCard. RoboMarkets’ website educational support is mostly limited to the FAQ section.

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