A total financial market is full of forex brokers it is challenging to find one which inspires a safe trading platform. According to Traders Union RoboForex is a trusted international forex broker with offices in Malaysia that offers a very easy platform for newbies. It is regulated by the international Finances Service Commission.
Clients of Roboforex who are Malaysian residents enjoy financial products which include eight asset classes and over 8700 trade instruments.
In Malaysia, RoboForex clients have access to a wide variety of investment instruments, including eight asset classes and over 8700 trade instruments. You could also choose from a variety of accounts, such as ECN, Cent, and Prime. To suit all of your trading needs, you have four to 6 trading platforms for each of these accounts.
Pros and Cons of RoboForex Malaysia
–Consists 8 asset classes with more than 12000 selections
-It incorporates lucrative bonus offers and trusted affiliate programs
-Malaysian traders have access to Islamic account
-Protection from negative balance is a special feature making it more preferable for users
The only limitation of RoboForex Malaysia is that the selection of cryptocurrency is within the limit
Also Read: How to Sell Bitcoin? Best Crypto Exchanges
Why RoboForex Malaysia is best for newbies?
Roboforex is a very simple and smooth platform, especially for those who are new to trading. It offers five live accounts and more than one pair of currencies. It offers 3 months of demo account help for beginners on signing up for the account, where they are able to understand how to trade for free.
->Trading in RoboForex account allows hedging, scalping and netting accounts but they should only have EUR, USD, Gold, and CNY denominations.
->For beginners, the CopyFX mode of trading is recommended as it suggests choosing trading options based on experienced traders.
->There is a special advantage for Malaysian Islamic traders with fixed charges of commission.
Also Read: Binance Fees: How to Save on Them?
Other benefits of trading with RoboForex are-
- 0% Commissions
- Instant Withdrawals
- An automatic withdrawal system enables withdrawals within a minute for certain payment methods
- Simple, reliable, and fast
Roboforex is the winner of some of the prestigious awards like:
- Best Affiliate Programme (Global)
- Best Investment Products (Global)
- Most Trusted Broker – Global
RoboForex Malaysia Review
RoboForex offers a proprietary trading platform that completely supports algorithmic trading. Here, traders get the option of the strategic builder to enable code-driven trading options.
- You have a better competitive spread, you have better trading chances at RoboForex. While trading with Euro or Dollars, you get a minimum spread of 1.3 pips.
- At RoboForext minimum spread is 0 pips for prime and ECN accounts. But while trading in accounts like pro-standard, pro-cent, and R trader you need to make payments for spreads.
- Some types of accounts like Pro-Cent and Pro-standard don’t charge any commission while trading with RoboForex.
- Traders aren’t charged any deposit fees, also they are free to make any deposits without any commission charges.
- Traders have the option to trade on more than 30 different instruments with 32 currency pairs. The maximum leverage ration of stock traders at RoboForex is 1:20.