RoboForex: registration on the site
To work on a broker's website RoboForexIt is obligatory to be registered. Regardless of what asset the user is interested in, he must create a personal trader's account and open a trading account. After logging into the account you can start working.
To create an account in the upper right corner there is a button to register on the site RoboForex. It opens a form in which you must enter your email, first name, last name and phone number (optional). E-mail must be correct, as it will be used to enter the cabinet and confirm transactions with the account. You also need to tick the boxes to agree with the documents, that you are at least 18 years old, and to subscribe to the newsletter (optional).
After registering on the broker's website, users get access to the cabinet. It offers such opportunities:
- Ability to manage accounts.
- Deposit and withdrawal.
- Access to the history of operations.
- Ability to learn and use new tools.
Types of trading platforms
Before you open a trading account and start working on the financial market, you need to choose a trading terminal that will be convenient for trading operations. RoboForex offers MetaTrader 4 and 5, as well as the broker's own terminal - R StocksTrader.
The first platform is one of the most popular on the foreign exchange market. It has all the functions and tools for beginners and experienced users. The terminal gives the opportunity to use 3 types of orders, 50 indicators to analyze and program trading robots. The advantages of MetaTrader 4 include:
- A lot of training materials.
- Simple interface with the ability to trade in one click.
- Availability of desktop, mobile and web versions.
- Creating trading robots and running them on your terminal.
- Built-in Marketplace for buying Expert Advisors and indicators directly in the terminal.
- News and signals on the platform that allow you to keep up to date while you work.
MetaTrader 5 is the updated MetaTrader 4 terminal. The platform uses advanced technologies that provide high speed of execution and orders and reliability. Four order execution options and the ability to create six pending orders are available on the terminal, as well as a multicurrency tester. The advantages of the terminal include:
- Built-in store for buying one of 1500+ Expert Advisors and indicators.
- Flexible trading system with netting, hedging and separation of orders and transactions.
- Virtual hosting that provides round-the-clock operation of robots and subscriptions to signals.
- Ability to create, optimize and test trading robots.
R StocksTrader is a multi-asset platform that combines the latest technology and classic design. The user-friendly terminal supports an initial deposit of 100 USD and extended watch lists. The pluses include:
- Ability to use more than 12,000 tools.
- Research and analysis of market conditions.
- Free designer of trading robots for automatic trading.
- Support of corporate events - analysis of separation or merger, etc.
- Different models of position accounting.
- Automated strategy builder with fast testing and dedicated support.
Types of accounts
The trader's first trading account is opened automatically after registering a personal account. Before using a real account, you can test your skills on a demo account to gain trading experience. Transactions on such an account are conducted using virtual money. If a user decides to start trading on MetaTrader 4 or 5, there are two options - Demo ECN or Demo Pro. If one wants to open an additional account, but does not want to spend a lot of money, one can start with the ProCent account, available on the same terminals.
Demo ECN is used for testing strategies by experienced users. Demo Pro is suitable for beginners with less than a year of trading experience. ProCent gives traders access to operations with small amounts of money, since the monetary unit of the account is 0.01 USD. To start trading, all you need is to have 10 USD or more on your account.
It is advisable to start trading on an account with a popular currency. After gaining experience, you can choose another currency for the new account. The most popular options are the U.S. dollar and the euro. The advantage of accounts with USD as the base currency is that it is used in many educational courses and guides. EUR is convenient for residents of the European Union, as they can deposit and withdraw funds without additional conversions.
The beginning of trade
To get started, it is enough to deposit the minimum amount of 10 USD. But for those who want to get a high profit, this will not be enough. It is recommended to deposit up to 20% of the trader's financial savings at this stage. It is better not to invest more until you have acquired stable trading skills. To understand how to start trading, you can use the tools offered by RoboForex:
- Center for Analytics.
- Video lessons on trading. A course on various aspects of the foreign exchange market.
- Blog. Materials about current events.
If you have questions, you can explore the answers to frequently asked questions or contact customer support by phone, messenger or online chat in the "Ask a question" window.