Robo Forex was launched in 2009, and its head office is located at 169-171 Arch. Makarios III Ave., floor 8, 3027, Limassol, Cyprus. The trading instruments they provide are forex currency pairs, CFD, Metals, Indices, and cryptocurrencies.
Robo Markets Ltd is a European broker which is licensed by FSC and Robo Forex Limited is considered to be an international broker which is licensed by Financial Services Commission (FSC). The broker is in the market for over 12 years and has won several awards in different years.
In the passage of time, the broker has grown continuously. The trading accounts they offer are Prime, ECN, Standard Cent, and Standard pro which can be opened on various platforms such as MT4, MT5, C trader, RTrader, and Rapid Trader. They provide a variety of deposit and withdrawal channels in which deposit has no fees at all but withdrawal contains some commission charges. Apart from that, the support availability is 24*7 but I found the support to be slow as compared to other brokers. They also provide a bonus facility which you have to select at the time of deposit.
One more thing to note is that I only deposited USD 20 dollars and USD 10 dollars and there was no issue at all in depositing much less money into the accounts but you have to be careful with trading if you are using less amount of money.
As compared to other brokers, I didn’t find this broker to be much attractive. There are much better brokers out there. From my personal experience if you can wait for a longer time to get assisted then you can trade with them otherwise don’t.
In my point of view if we consider less cost then the go-to account is prime as the commission values are less as compared to other brokers as well and the spread is also less so you can definitely go with this account type. This account also has withdrawal charges of USD 1 dollar but the overall cost of the account is the lowest as compared to others.