RoboForex Trading Accounts: Which Is the Best?

When engaging in market trading, it is crucial not only to select the right platform but also to find the most suitable account type to make the most of your experience. Fortunately, there are FX brokers with different account categories for clients with varying levels of experience and capital resources. RoboForex is one such broker, providing a wide range of accounts, each designed to meet the specific needs of its clients.

However, both new traders and professionals ask themselves: which account should they pick? In this piece, we will help you understand the features of each account option and the key factors to consider, such as your level of expertise, deposit volume, and preferred tools and terminals.

RoboForex Trading Accounts Explained

Prime Account

Prime Account is a professional option that offers the most favorable trade terms among all RoboForex offers. This account supports a minimum deposit of 10 USD or EUR and works with three account currencies: USD, EUR, and gold. Trade conditions include a floating spread that starts from 0 pips, as well as extended quotes with five decimal places. The leverage cap is 1:300. The minimum order volume is 0.01 lots and the maximum is 500 lots. Stop Out level is set at 100%, which means that all positions will be closed when your funds reach zero.

The account provides for a turnover fee of 1 million USD, the exact information about which is available in the contract specifications. Traders can receive cashback up to 10% of the commission, and interest on the balance up to 10%. Withdrawals are free of charge and One-Click Trading is available. Trading history is stored for one year. 28 currency pairs, metals, CFDs on US stocks, indices, oil, and futures are available for trading via MT4/5, R WebTrader, and mobile software solutions.

This account is especially favored among professionals who are looking for stable conditions for working with various financial instruments. Thanks to the possibility of working with a floating spread from 0 pips and a high level of leverage, market players can manage their risks as efficiently as possible.

ECN Account

ECN account is aimed at experienced clients and offers more aggressive investment terms compared to the Prime Account. The main parameters include a minimum deposit of 10 USD or EUR and the same three currencies: USD, EUR, and gold. Leverage can reach 1:500, and the spread also starts from 0 pips. The smallest trade size is 0.01 lots, while the largest allowable volume is 500 lots. For MT5 users there is a limit of 1000 open positions and 500 active orders. The Stop Out level is set at 50%.

The features of this account include a fee structure for a turnover of 1 million USD, the possibility of receiving a cashback of up to 10% of the commission and accrual of interest on the balance up to 10%. Withdrawals are free of charge and One-Click Trading is also there. Trades history is stored for a year. The investing tools and platforms are similar to those in the Prime Account.

For those who appreciate the speed of order execution and seek to minimize spreads, this account becomes an excellent choice. Importantly, the ECN type has a broad selection of instruments, including fiat currency pairs, metals, and CFDs for different assets. 

R StocksTrader

R StocksTrader is a specialized account created to work via R StocksTrader’s proprietary platform. The special characteristic of this account is the minimal deposit requirement of 100 US dollars. The account currencies include dollars and euros. There are over 12,000 assets for trading on this account, such as stocks, indices, currencies, ETFs, oil, metals, and futures. Speaking of spreads, they depend on the type of product. For example, for US stocks they start at $0.02, for currencies and indices they start at 1.3 pips. As for leverage, it also can vary depending on the instrument. For instance, for American stocks it reaches 1:20, for European stocks – 1:5, for currencies – 1:500, and for indices – 1:100.

Characteristic features of this account are a stop-out level of 20%, free withdrawal, minimum price step of 0.001 USD and an unlimited number of positions. Trading is possible via R WebTrader and mobile applications. This account is especially interesting for those who want to trade real shares of the world’s largest companies, as it offers access to a vast array of market tools.

In addition, the R StocksTrader platform is characterized by a user-centric design and high speed of order execution, which makes it attractive for active market players. The ability to work with more than 12,000 assets opens wide horizons for portfolio diversification.

ProCent Account

ProCent Account is a cent option created for novice traders with a unique settlement system. The basic parameters include a minimum deposit of 10 USD or EUR. The account currencies include USD, EUR, and gold. The most interesting feature of this account is cent units, meaning that $10 becomes 1,000 cents. The spread starts from 1.3 pips and the maximum leverage is 1:2000. Moreover, the minimum order volume varies from terminal to terminal: for MT4 it is 0.1 lot and for MT5 it is 0.01 lot. The order size sets its upper limit at 1,000 units. However, for MT4 there is a limit of 200 positions. As for MT5, there is a maximum of 1000 open positions and 500 active orders. The stop-out level is set at 30%.

Attributes of this category include fixed Rebates, interest on balances up to 10%, free withdrawals, One-Click Trading, and one month of trading history. A Swap-Free option is also available. This type is ideal for beginners who want to try their hand at real trading without risking large sums of money. The cent accounts allow traders to gradually get used to the market and practice their strategies.

Pro Account

Pro Account is a popular type for beginners with classic market conditions. The basic parameters have a min deposit of 10 dollars or euros. Account money includes dollars, euros, and also gold. The spread starts at 1.3 pips and the maximum leverage is 1:2000. Traders can place orders as small as 0.01 lots, with an upper limit of 500 lots. For those using MT5, there’s a cap of 1,000 open positions and 500 active orders, ensuring efficient trade management. The Stop Out level is set at 40%.

Features of this account include fixed Rebates, up to 10% interest on balances, free withdrawals, One-Click Trading and one year of trading history. A Swap-Free option is also available. This account is renowned among novices, as it combines ease of use with quite flexible market conditions.

Picking the Best RoboForex Account For Novices and Professionals

If you want to select the most suitable account category for investment, you should keep in mind that every trader is unique. It means that the conditions that are ideal for one person may be completely unsuitable for another. Instead of copying others’ recommendations and following experts’ thoughts online, let’s look at the key aspects that will help you make the right choice.

Determining your Level of Expertise

If you’re just a beginner in the Fx market and are not confident in your skills, it is advised to select accounts that allow you to trade with minimal risks. For example, ProCent or Pro accounts are perfect for newbies. ProCent is especially interesting because it uses cent calculations: 10 USD turns into 1000 cents. Traders can safely practice their strategies without putting too large sums of money at risk. However, as soon as you feel secure enough and are ready to move to real funds trading, choose Pro with its affordable spreads and high leverage of up to 1:2000.

As for experienced traders, they can think about more advanced options such as Prime or ECN. These accounts offer professional conditions, including a floating spread from 0 pips and the ability to work with numerous instruments. They are especially relevant for scalpers and those who work with large volumes.

Considering the Deposit Size

Another crucial factor to consider is the size of your initial capital. Most RoboForex accounts allow a minimum deposit of only 10 USD or EUR. It definitely makes them affordable even for novices. However, at R StocksTrader there is a starting deposit of 100 US dollars. You should choose this account if you want to buy and sell stocks of the world’s largest companies, ETFs, indices, and other shares. If you have a small budget, it’s better to start with more affordable options, such as ProCent or Pro. Then, when you’ve saved up more funds, you can move on to R StocksTrader.

Choosing the Types of Instruments to Trade

Another important factor is your preference in choosing financial instruments. If you plan to trade currency pairs and metals, almost any account will do. They all provide access to these popular instruments. Still, if you’re interested in stocks, ETFs, indices, or futures, R StocksTrader is your preferred choice. There are over 12,000 assets in this account, that will help you build a diversified portfolio.

Check Available Platforms

All accounts support popular MT4/5 platforms, R WebTrader, and iOS/Android mobile apps. This is convenient, as you can choose the solution that best suits your needs. However, it is worth noting that R StocksTrader only works through the proprietary R WebTrader platform and mobile apps. If you prefer an all-in-one solution, it’s better to opt for MT4/5-enabled accounts, which offer more flexibility.

Final Recommendations

To summarize, the account selection depends on your goals, level of experience and trading strategy. For beginners, it is best to start with ProCent or Pro, as these accounts offer minimal risks and simple conditions to get started. Experienced traders looking for a professional environment may want to consider Prime or ECN. Stocks and ETF lovers should consider R StocksTrader, which offers access to a huge range of instruments. And if your goal is to minimize spreads, Prime or ECN will be your trusty companions.

Remember that choosing a RoboForex account is not a final decision. You will always be able to start with one account category, test it on the demo version and, if necessary, switch to another one. The main thing is to carefully study the terms of each account, understand your goals, and not rush your decision. 

RoboForex Account Types Comparison Table

Account Feature	Pro-Cent	Pro-Standard	ECN	Prime	R StocksTrader
Min. Deposit	$10	$100	$500	$5,000	$100
Spread Type	Variable	Variable	Tight Variable	Ultra-Tight Variable	Fixed or Variable
Commission	None	None	20per1M traded	15per1M traded	None
Leverage	Up to 1:2000	Up to 1:500	Up to 1:500	Up to 1:300	Up to 1:300
Order Execution	Market	Instant	Market	Market	Market
Trading Platforms	MT4, MT5, R Mobile	MT4, MT5, R Mobile	MT4, MT5, R Mobile	MT4, MT5, R Mobile	R StocksTrader
Instruments	Forex, CFDs	Forex, CFDs	Forex, CFDs, Metals	Forex, CFDs, Metals	Stocks, ETFs

Conclusion

Since each RoboForex account has unique features, choosing the right category is a fundamental step in your financial markets journey. Beginners should start with simple and safe options, such as ProCent or Pro, to gradually get used to the market. Experienced clients, on the other hand, can benefit from professional Prime or ECN terms to implement their methods. Fans of diversification and working with shares of the world’s largest companies will find R StocksTrader ideal. The main thing is to take your time and thoroughly study all available options, perhaps even testing them in demo mode. Remember that successful trading starts with the right choice of instruments, and your account is the first step towards achieving your financial goals.

Reviews