RoboForex Overview
Explore our in-depth RoboForex review tailored for Kenya's forex traders. Discover insights and make informed decisions in the Kenyan forex market.
RoboForex is a forex and CFD broker established in 2009. The company is headquartered in Belize and offers comprehensive trading services to international clients.
What sets RoboForex apart is its commitment to providing accessible forex trading services with low minimum deposits across 2 trading platforms. .
For Kenyan traders specifically, RoboForex provides various payment methods suitable for international clients. .
RoboForex Regulation & Safety
Regulatory Licenses
Regulatory information not available
RoboForex Safety Features
- Segregated client funds
- SSL encryption
- Negative balance protection
RoboForex Pros & Cons
Advantages
- Low minimum deposit requirement (as low as $10)
- Wide range of trading instruments (forex, stocks, indices, cryptocurrencies, commodities)
- Multiple account types including ECN, Prime, and Cent accounts
- Leverage up to 1:2000 for certain account types
- Quick account opening process and negative balance protection
- Access to MetaTrader 4, MetaTrader 5, and proprietary R Trader platforms
Disadvantages
- Not regulated by top-tier authorities (regulated by IFSC Belize)
- Withdrawal fees apply to several payment methods
- Inactivity fees charged after 12 months of no trading
- Limited educational resources compared to industry leaders
- Some complaints about slow customer support response times
RoboForex Final Verdict
7.4/10
Overall Rating
9.0/10
Regulation
8.5/10
Trading Costs
7.0/10
Support
RoboForex offers competitive trading services, particularly those who are new to forex trading. The combination of trading features, low minimum deposits makes it a solid option for international traders.