RoboForex Mobile App: How to Download, Install, and Use

These days, there are many brokerage companies in the market that offer mobile applications for traders working with Forex, CFDs, stocks, metals, and crypto. RoboForex MobileTrader is one such mobile app. This review is going to provide a comprehensive analysis of the RoboForex trading application’ interface for financial markets, along with installation instructions for iOS and Android devices, as well as its benefits and drawbacks.

Being a regulated Fx broker supervised by the Financial Services Commission of Belize (FSC), RoboForex Ltd is ready to offer its clients numerous platforms for investing. In the RoboForex website’s download center, trading terminals are provided for participation in financial markets. Depending on your preferences, each of these platforms can be installed on a PC or smartphone.

In addition to the renowned MetaTrader 4 and MetaTrader 4 Multiterminal, an advanced version of the classic terminal, – MT5 is also available for download. Moreover, applications can be downloaded on smartphones, including R MobileTrader for the Forex market and R StocksTrader to access all global markets.

It should also be noted that in 2023, RoboForex received an award from the international professional community. The smartphone application R MobileTrader was honored with the title of Best Mobile Trading App.

How to Set Up a RoboForex MobileTrader App

iOS-Based Mobile App

To install the app on your smartphone:

1. Search for it in the App Store. Here’s what you should enter in the search field: roboforex. The one you need is called MobileTrader FX Trading Online.
2. Before installation, verify the compatibility of your device: an iPhone and iPad must have iOS 13.4 or a newer version.
3. In the next step, you should click the download icon to start the installation on your cell phone. Be sure to allow it to complete. 

Android-Based Mobile App

To install the mobile app:

1. Find it on Google Play. To do this, enter its name in the search: MobileTrader: Online Trading.
2. Verify if your mobile device is compatible with the downloaded app: It is necessary to have Android 6.0 or a later version.
3. Complete the download: tap Install.

Now you can access the application and begin exploring its interface, terminal, and valuable functionalities.

Registration on MobileTrader App

Immediately after installing the application on your smartphone, open it. You will see a welcome screen: you can tap Skip or Next, whether you would like to proceed with the clues or not. To continue, tap Invest now. 

At the top of the screen, you will see 2 options: Login or Registration. If you are a new user, choose Registration. To register you need to enter credentials: your email, your given name and family name, phone number, affiliate code (if you have one), check FaceID on login for added convenience, and agree to join the company’s mailing list to receive useful letters which are optional. After filling out the form, hit the Open Account button.

How to Use RoboForex App: Key Functions & Instruments 

iOS-Based App: MobileTrader FX Trading Online

Now that you have registered on the platform you have access to all of its features and tools. The first thing you will see immediately after registering a new account is a screen with possible markets for accessing. All of them are conveniently categorized by type and are located in different tabs: Forex, Metals, Equity indexes, US futures, and Spot oil.

At the bottom of the screen, there is another important menu with items: Chart, CopyFX, Positions, Deposit. 

• Chart: By opening this menu, you will see many available charts. Customize your terminal as you like.
• CopyFX: In this menu, you can view and learn from the experience of other traders on the platform using the Copy trading function.
• Positions: All your current positions, orders, and history of trades are located here.
• Deposit: In this tab, you can replenish your account. In order to access all possible methods of replenishing your account, it is necessary to verify your account. To do this, you need to pass verification by mail, ID, or passport verification, as well as address (providing proof of place of residence).

The verification process on RoboForex is not difficult. When uploading your ID, please make sure that all information on the photo is visible and easy to read. This means that all four corners of the document should be visible.

In the upper left corner of the screen is the main menu of the application, it may seem a bit bulky. Indeed, a lot of menu items and icons confuse unprepared users.

The very first menu item allows you to open an account in RoboForex: select item, type of account (MT4 ProCent, Pro, ECN, or Prime), currency (USD, EUR, GOLD), leverage, enter, and confirm your password.

Another useful function of the main menu is Withdraw Funds. Going to this section of the application, you will see all available ways to withdraw funds from your RoboForex account. There are both traditional methods – Visa and MasterCard bank cards, and popular Binance Pay, Difinex, Skrill, Sticpay, and Neteller.

Economic Calendar allows you to track the publication of macroeconomic indicators (GDP, unemployment rate, interest rates, etc.), also helps to predict market volatility before important events, and indicates the degree of influence of news (low, medium, high). For example, on Friday the US Non-Farm Payrolls report is released, a trader can expect strong movements in currency pairs with the dollar (EUR/USD, GBP/USD, etc.).

There is also the Forex Analytics menu, which contains an overview of market trends, and technical and fundamental analysis from experts giving you the opportunity to get ideas for investing. Let’s say that analysts predict gold (XAU/USD) to rise due to the weakening dollar. This may be a signal for traders to open long positions.

The Signals section contains recommendations to buy or sell assets. Using Signals makes decision-making easier for beginner traders. Here you will find an automatical analysis of the market based on indicators and algorithms. Example of a signal: “Buy EUR/USD @1.0850, Take Profit @1.0900, Stop Loss @1.0820”. A trader can use this signal and open a trade with the specified parameters.

Price Alerts allows you to set alerts about price changes in the selected instrument. For example, you can receive an alert if the GBPUSD price reaches the level of 1.29. 

RoboForex company cares about the safety of its clients and their funds, so it offers to set Two-factor authentication. To do this, you need to enter a special menu and scan the code for the authenticator with your smartphone camera. You can also enter the code manually.

Another important tab of the RoboForex application menu is Live Support. In this section, you can ask a question and get an answer. Also, if necessary, you can attach a file. We have tested the feature and found that it runs smoothly. The customer support team has been very helpful and polite, which is a good sign of the broker’s trustworthiness.

In the Settings menu, you can set all the necessary settings, such as language, notifications about order closing or deposit/withdrawal, customize the display of charts, and one-click trading (how orders will be opened when you click on them). 

As you can see, the application is quite multifunctional and can be perfectly customized manually to meet the needs of the most picky user. Of course, such features may scare away newcomers to forex, because it may seem too complicated for them.

Android-Based App: MobileTrader Online Trading

The application interface, as well as all its functions and tools, for Android mobile devices, are similar to iOS, so the new user registration process is identical to what is described above for iOS devices. 

RoboMarkets Stocks Trader Application

There is another application for smartphones from RoboForex. It is called RoboMarkets Stocks Trader and can be downloaded on the Apple Store. Investors and traders working with the stock market can use this application to trade stocks, ETFs, and other exchange-traded assets. 

Let’s say an investor wants to buy Tesla stock (TSLA). In the app, they find the desired asset, analyze the chart, buy the stock, set a stop loss, and take a profit.

The application is similar to RoboForex MobileTrader, but it is more oriented to the stock market rather than the foreign exchange market (Forex).

Strengths and Shortcomings of RoboForex MobileTrader

When we explored this application, we found many useful functions. Unfortunately, there are always flaws, and RoboForex Mobile Trader is no exception.

Strengths

1. User-friendly interface and accessibility. Navigation may seem easy even to beginners. Moreover, users can trade anywhere there is an internet connection. In addition, the app provides quick access to accounts and trading. All this means that traders can check the market and open GBP/USD trades right from their smartphones while away from home.
2. Access to a wide range of assets. There are over 12,000 investment instruments (currency pairs, indices, cryptocurrencies, commodities, and stocks) available to users. This allows them to diversify their portfolios. For example, an investor can hold Apple shares, gold (XAU/USD), and bitcoin (BTC/USD) simultaneously in one application.
3. Automatic trading signals and analytics. The Signals section offers ready recommendations on market entry. Also, an economic calendar helps to follow important events. Let’s say the application sends a signal: “Buy EUR/USD @1.0800, TP @1.0850, SL @1.0770”. And the trader immediately opens a position.
4. Fast replenishment and withdrawal of funds. There are built-in methods of deposit via cards, e-wallets, and crypto. This leads to fast withdrawal of profits. For example, a trader earned $500 on oil trading and transferred the funds to a bank card with just a few clicks.

Shortcomings 

1. Limited functionality compared to the desktop version. The mobile application has fewer opportunities for technical analysis. Some complex indicators are not available. This explains that traders who are used to MetaTrader 4/5 may notice that MobileTrader lacks custom indicators.
2. Dependence on internet connection. Slow internet can cause price slippage. Let us show you an example: A trader opens a trade to sell gold, but, due to a poor mobile connection, the price had already gone higher before the order was sent.

Overall, RoboForex MobileTrader is a convenient mobile solution for live trading and account management. It is ideal for everyday trading, but professionals may miss the depth of analytics and innovative tools.

Final Thoughts

Making money in the Forex markets has never been easier, especially when you choose the right digital solution. The RoboForex MobileTrader app is a great example of a multifunctional and easy-to-use tool. Thanks to its abundance of charts and other tech analysis tools, traders can quickly install it on any iOS or Android-based gadget and start earning in Forex immediately.

FAQ

Does the RoboForex application take up a lot of space on a smartphone?

No, it is quite a standard size for modern trading apps. The App Store lists the size of the app as 39 MB. However, the size of MobileTrader: Online Trading app for Android is 63 MB. In comparison, the MetaTrader 4 application takes up about 40-50 MB of memory on the device.

Is there a demo mode in the RoboForex app on my smartphone?

Yes, indeed demo trading is available to all users. In order to switch to it, go to the main menu, click on your account icon (top right corner), and switch between accounts by using the Try Demo button at the bottom of the screen.

Are there accounts for professionals in the RoboForex app?

In the app you will find several types of accounts for both beginners and experienced clients, such as Demo, Prime, ECN (for the most experienced users), R Stocks Trader, ProCent, and Pro account types.

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