How to Open Account, Deposit and Withdraw with RoboForex

RoboForex Opening Account Procedure

To create an account with Robo Forex one is needed to follow the below steps:

Visit their website roboforex.com and the page will open like below:

To open new account click on the highlighted box area

2. Click on the open an account option available on the top right corner of the page. You will be directed to a new page on which you have to fill in the required details, the page shown will be as below.

3. After filling up the details you have to click on the next step and then you will select which type of account you want and opt for leverage and other required details for opening an account.

4. Your username will be your email id, you will receive credentials on your mail-id. Use that credential to login into the member’s login page. The page will be as below:

5. Once you login the dashboard will look as below

6.Verify yourself by uploading the required documents.

7. Fund your account and start trading.

RoboForex Login

To login into the Roboforex account, you have to click on the sign-in option given on the homepage. Once you click it you will be directed to the login page as shown below:

RoboForex Demo Account

To open a demo account with roboforex, scroll down the homepage and you will find account details below which there are two options one is an open trading account and the other is an open demo account as shown below:

When to use Demo Accounts?

There are several conditions where you can use a demo account such as:

If you are new to trading and don’t know how to trade on the trading platform.
If you want to use a new trading strategy, then to test it out it is best to use a demo account.
If you start using an automated trading platform, you can test it out on a demo account.
If the reason you want to do forex is to check your skills.

RoboForex Deposit And Withdrawal Channels

Robo Forex offers several deposit channels, in which there is no deposit charges. The channel they provide are in the below image.

You just have to select the account in which you want to deposit your funds, then select the channel you want to use. I used Neteller to fund my account in which as soon as the transaction succeeds the money starts reflecting in your account along with that they provide a bonus facility at the time of deposit you can opt for the relevant option and get yourself a bonus as well.

Now for withdrawing funds, there are fewer options as compared to deposit channels, the options available are as follows:

I used the same channel by which I have deposited my fund, I proceed with my request of withdrawal through Neteller and within a few hours, the money was credited to my Neteller account.

One more thing which I came to know is that Robo Forex has charges for withdrawal, only the pro cent account doesn’t charge any commission but other accounts take 1 USD as a commission for every withdrawal.

Deposit and withdrawal rate

They don’t charge any fees on depositing the funds but there is a charge on withdrawal which is fixed USD 1 is charged no matter how much of the amount you are withdrawing, only pro cent account doesn’t have any charges on withdrawal.

Conclusion

In this article, we have learned about the detailed procedure of opening an account with Roboforex. The steps of opening an account with every broker are quite similar and in order to be verified one is required to submit ID proof and Address proof. The article also informs about the login procedure and what is a demo account and when to use it. I being a bit experienced in trading always suggest new traders start with the demo account and learn the market concept at first after which only use the real account with real money.

We also learned about the deposit and withdrawal methods with RoboForex offers. I used Neteller to transfer my funds you can use whichever suits you fine.