How to open a RoboForex account
If you are reading this page, you have already chosen a suitable financial instrument and are ready to start trading. No matter what market you have chosen — stock, oil or exchange — the first thing you have to do is to register your Personal Members Area and open a trading account.
Below you will find the instructions on how to do it as well as some tips about setting up the basic parameters of your first account.
Members Area Features
Managing accounts
Depositing and withdrawing funds
Accessing trading history
Trading
Studying new instruments
What is a trading platform?
What do I need it for?
The terminal is the main instrument of an investor, all operations being carried out on it. What is more, the platform interface provides you with a view of major changes in the world's economy and lets you create trading strategies and buy forex advisors, кwhich will operate your money according to a set strategy. All these and many other useful functions are available to RoboForex clients on the MetaTrader 4 terminal.
One of the most popular platform existing
- User-friendly, intuitive interface.
- Accessible from any gadgets, featuring a desktop, mobile, and web versions.
- The One-Click-Trading function allows making operations by just a click of a mouse.
What account type is suitable for a beginner?
An optimal variant for a beginner is a demo account. It will let you study the terminal, master the main instruments and test strategies without risking your money, just using virtual funds. For RoboForex clients, there are two types of demo accounts available: Demo ECN and Demo Pro. Also, a real cent account ProCent may be suitable for getting acquainted with financial instruments, as the minimal starting sum on it is $100.
Demo ECN
Meant for testing trading strategies by those clients who have experience in working with financial instruments.
Demo Pro
Meant for beginners whose trading experience is less than a year.
ProCent
Allows for investing real money in the appealing assets, but only small sums as the money unit on this account is not a dollar but
How do I choose my basic currency?
As the basic currency for your first account, you should choose the US dollar (USD).
USD
It is the most widespread currency for trading on the OTC Forex market. What is more, most tutorials are meant for working with the USD.
What is leverage?
Leverage allows you to use loaned money in order to increase the profit from a trade. Usually, its size is expressed as a ratio of the loaned money to your own. For example, leverage 1:5 means that you can trade 5 times more money than you actually have.
For RoboForex clients, leverage up to 1:100 is available.
Have you found answers to all your questions? Great!
Then, you must have chosen the account type and are ready to start trading.
Congratulations!
Install the MetaTrader 4 terminal and start studying financial instruments.
How do I deposit money to my account?
Log in your Personal Members Area, choose
- Funds
management - Deposit/Withdrawal
- Deposit funds
Choose a suitable payment system and make a transaction.
Depositing will reflect on the page My Accounts in the Personal Members Area and in the terminal interface.
How much money do I need to start trading?
The minimal starting sum for RoboForex clients is $100. For making serious profit* you need to invest more, but it is recommended to stick to the sum of 20% of your savings. Bigger investments are not advisable at the beginning of trading.
* — operations with OTC instruments are risky by nature and may bring not only profit but also losses.
Why do I have to verify my account?
The account verification procedure is compulsory for any RoboForex client. Verifying your data helps you protect your funds. Depositing and withdrawing real money is unavailable for a non-verified account.
Any more questions?
FAQ
Answers to the most frequently asked questions.
Forex lessons
Advice to beginners on exchange markets.
Client support
RoboForex Employers are always ready to answer your questions over the phone or through the feedback form on our website.
- How to open an account
- What do I need Members Area for?
- What is a trading platform? What do I need it for?
- What account type is suitable for a beginner?
- How do I choose my basic currency?
- What is leverage?
- How do I deposit money to my account?
- How much money do I need to start trading?
- Why do I have to verify my account?