A total financial market is full of forex brokers, it is difficult to find one that inspires a safe trading platform. According to Traders Union, RoboForex is a trusted international forex broker with offices in Malaysia that offers a very simple platform for beginners. It is regulated by the International Financial Services Commission.
Roboforex clients residing in Malaysia benefit from financial products comprising eight asset classes and over 8700 trading instruments.
In Malaysia, RoboForex clients have access to a wide variety of investment instruments, including eight asset classes and over 8700 trading instruments. You can also choose from a variety of accounts, such as ECN, Cent, and Prime. To meet all your trading needs, you have four to 6 trading platforms for each of these accounts.
Advantages and disadvantages of RoboForex Malaysia
–Comprised of 8 asset classes with over 12,000 selections
-It incorporates lucrative bonus offers and trusted affiliate programs
-Malaysian traders have access to an Islamic account
– Negative balance protection is a special feature which makes it more preferable for users
The only limitation of RoboForex Malaysia is the cryptocurrency selection is within the limit
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Why RoboForex Malaysia is best for beginners?
Roboforex is a very simple and smooth platform, especially for those new to trading. It offers five live accounts and more than one currency pair. It offers 3 months of demo account help for beginners during account registration where they can understand how to trade for free.
->Trading on a RoboForex account allows hedging, scalping, and netting accounts, but they must only have EUR, USD, gold, and CNY denominations.
->For beginners, the CopyFX trading mode is recommended as it suggests choosing trading options based on experienced traders.
->There is a special advantage for Malaysian Islamic traders with fixed commission fees.
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Other advantages of trading with RoboForex are-
- 0% commission
- Instant withdrawals
- An automatic withdrawal system allows one-minute withdrawals for certain payment methods
- Simple, reliable and fast
Roboforex is the winner of some of the prestigious awards like:
- Best Affiliate Program (Global)
- Best Investment Products (Global)
- Most Trusted Broker – Global
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RoboForex Malaysia Review
RoboForex offers a proprietary trading platform that fully supports algorithmic trading. Here, traders have the option for the strategy builder to enable code-based trading options.
- You have a better competitive spread, you have a better chance of trading at RoboForex. When trading with euros or dollars, you get a minimum spread of 1.3 pips.
- At RoboForext, the minimum spread is 0 pips for both main and ECN accounts. But when you trade on accounts such as pro-standard, pro-cent and R trader, you have to make payments for spreads.
- Some account types like Pro-Cent and Pro-standard do not charge any commission when trading with RoboForex.
- Traders are not charged any deposit fees, they are also free to make deposits without any commission fees.
- Traders have the ability to trade over 30 different instruments with 32 currency pairs. The maximum leverage ratio for stock traders at RoboForex is 1:20.