General Information | |
---|---|
Broker Name: | RoboFund |
Broker Type: | Forex & CFDs |
Country: | Germany |
Operating since year: | N/A |
Regulation: | N/A |
Broker status: | Active |
Customer Service | |
Phone: | N/A |
Email: | copyright@robofund.net |
Languages: | English |
Availability: | 24/5 |
Trading | |
Trading platforms: | Proprietary |
Trading platform Time zone: | N/A |
Demo account: | No |
Mobile trading: | Yees |
Web-based trading: | Yes |
Bonuses: | No |
Other trading instruments: | Yes |
Account | |
Minimum deposit ($): | 250 |
Maximal leverage: | 1:4000 |
Spread: | Floating From 0.0 Pips |
Scalping allowed: | Yes |
Robofund Review
Robofund is a multi-asset brokerage offering investing services on a range of assets. It offers these services via CFDs, cutting out underlying ownership to allow easier access and more versatility. The broker aims to provide a full service, which includes supplementary trading features and assistance. Many of its features put it at the forefront of the trading industry.
In this Robofund review, that’s exactly what we’ll be exploring. We’ll look at the broker’s overall service, including vital factors such as safety and judge it as a whole. Our goal is to provide you with a clear picture of what you’re getting into, provided you decide to sign up for Robofund.
But before we go deeper into the service, let’s provide a bit more of an overview. That way, you’ll know whether it matches your preferences and can continue reading or devote your time to choosing another broker from our top list.
As we said earlier, the broker offers its assets as CFDs, and that lets it offer assets from all prominent trading instrument categories. In total, the library includes over 300 assets.
Also important for our robofund.net review is the fact that it offers extremely low spreads. They go as low as 0.0 pips, and combined with 1:400 leverage, that already makes a strong trading core.
Beyond that, it offers account summaries, guided trading, custom contracts and exclusive trading rooms. In other words, the supplementary services all directly assist traders rather than being meaningless stuffing.
On top of that, it offers a useful bonus, which traders can use on their first deposit to bolster their trading funds.
We’ll explore more regarding these features later on, but as you can see, the broker is quite deliberate. It seems to strive to compete on a global level, which we love to see.
Robofund Review of Services
We’ve already introduced some of the base services, but we’ll use this section of our Robofund review to expand. The broker offers an easily customizable web-based trading solution. That allows users to remain mobile and have all their trading data readily available regardless of device.
Through the platform, you can access the 300 assets we mentioned earlier, letting you create a diversified portfolio. Of course, you’ll need an account before that. The account minimum is 250 of your base currency, allowing you to easily start investing. Even beginners shouldn’t find that price too steep, at least by trading world standards.
There are five accounts in total with scaling features based on your total account balance. As you progress through the different options, you’ll unlock new features and improve some of the existing ones. It goes without say, but each account is a strict upgrade over the previous options.
It’s also crucial for our Robofund review to emphasise that it offers investing options from all asset classes. That includes crypto, making it a true all-in-one full service brokerage. This will help you meet your investing goals without stretching them across far time horizons.
It also includes a 100% welcome bonus, with conditions clearly laid out on the website. This is additional encouragement to sign up, and may offer you the nudge you need to go from a mid-level trader to fulfilling your financial goals.
Altogether, the services are what you’d expect to see from a top global investing company. While we will go into more detail later on, it’s already clear that the broker is very serious about its setup. It knows its audience and is intent on providing a streamlined, directed, powerful service.
Robofund Review: Is it Safe to Invest With?
Now we get to the part of our Robofund review that needs to answer the big question: is it safe?
The brokerage world is a breeding ground for malicious companies. It’s no surprise, since such large amounts of money are involved. However, it means traders must constantly be alert and look over their shoulders. You can’t fully trust even high-profile companies, as we’ve seen with the recent FTX case.
But let’s not sow panic. Barring freak accidents, carefully picking your service providers will make you safe. You do, however, need to do your due diligence. And while we can’t do all the research for you, we’re here to help.
During our Robofund review, we noticed that the broker shows numerous positive safety signs. Perhaps the most significant is the fact that it adheres to the guidelines set by top watchdogs such as the FCA and CySEC.
Additionally, it follows the standard suite of brokerage safety services. That includes KYC (with AML and CTF), account authentication, encryption, fund segregation, top-tier liquidity providers and more. Looking at the totality of safety features, it’s clear it wasn’t just an afterthought for the broker. Like its service, it’s well-planned and meticulously executed.
However, we’d like to highlight one more thing. While it isn’t as objective as the previous safety features, we found the broker’s way of communicating refreshing. While looking at the broker for our Robofund review, we noticed that it was much more realistic than your average broker.
It acknowledges that it can have mishaps and that trading is dangerous. Any experienced trader knows service issues happen. Instead of outlandish promises, it vouches to communicate efficiently and resolve problems. This approach makes the broker stick out as one not interested in a quick buck but rather in building a trust-based community.
Robofund Review of Accounts
As we mentioned numerous times so far in our robofund.net review, it offers multiple accounts. These are in a scaling structure, which makes the choice fairly trivial. Since each of them is powerful for their investment range, you can just pick the deposit you’re comfortable with. You should, however, remember the welcome bonus, which rewards higher initial deposits.
Beyond being easier to choose from, another advantage of the broker’s account structure is that it lets you progress incrementally. If you’re confident with investing $1,000 today as a beginner trader, that’s alright. As time progresses, you’ll likely get better, more confident, and develop a solid strategy. Thus, you’ll deposit more money into your account. As you do, you’re working towards the next account type.
But as we said earlier in our Robofunds review, what makes this structure work is the fact that every account is strong. The features that the broker put in, especially on the higher-level accounts are something you can rarely see. Even if we disregard the immensely helpful financial advice features without advisory fees, it has guaranteed payouts every three months. And yes, that means you get money every three months just for having an active account.
And while we could drone on about the features, there’s no better way to present them than just laying them out. Here are the account specifications, as seen on robofund.net:
Account specifications at robofund.net
Standard
- Pricing: €250
- Account Leverage: 1:20
- Swap reduction: 10%
- Stop-out level: 10%
- Monthly volume limit (in nominal value): 20,000
Advanced
- Pricing: €25,000
- Account Leverage: 1:40
- Swap reduction: 20%
- Analyst workshops: 1 per month
- Stop-out level: 8%
- Payouts per month (after 3 months of use): €1,000
- Managed Account Sessions: 2 per month
- Access to the account summary report: 1 every 2 months
- Monthly volume limit (in nominal value): 50,000
Platinum
- Pricing: €100,000
- Account Leverage: 1:100
- Swap reduction: 30%
- Analyst workshops: 2 per month
- Stop-out level: 6%
- Payouts per month (after 3 months of use): €3,000
- Managed Account Sessions: 4 per month
- Independent contracts
- Access to the premium trading room: 6
- Access to the account summary report: 1 per month
- Monthly volume limit (in nominal value): 200,000
Expert
- Pricing: €250,000
- Account Leverage: 1:200
- Swap reduction: 40%
- Analyst workshops: 4 per month
- Stop-out level: 4%
- Payouts per month (after 3 months of use): €7,500
- Managed Account Sessions: 8 per month
- Independent contracts
- Invitations to VIP events
- Access to the premium trading room: 12
- Access to the account summary report: 1 per month
- Monthly volume limit (in nominal value): 500,000
VIP
- Pricing: €500,000
- Account Leverage: 1:400
- Swap reduction: 50%
- Analyst workshops: 8 per month
- Stop-out level: 2%
- Payouts per month (after 3 months of use): €15,000
- Managed Account Sessions: 12 per month
- Independent contracts
- Invitations to VIP events
- Access to the premium trading room: Unlimited
- Access to the account summary report: 1 per week
- Monthly volume limit (in nominal value): 1,000,000
Robofund Platform
As we’ve noted earlier in our RoboFund review, the broker offers a web-based platform. In the modern trading era, we find that much more useful than focusing on a terminal.
The primary reason is that computers have gotten powerful enough to where the functionality doesn’t differ meaningfully. That means that web platforms today can offer all of the juice you’d expect from a terminal. And with the equalised power, only upsides are left for web platforms.
First, it’s easier to access when changing machines. Beyond that, it’s also neater, as you can have your research open in adjacent tabs. That’s not even mentioning the absence of a lengthy setup process. Just open your platform, and it’ll be as you left it.
The features we’ve noticed for our RoboFund review are equally impressive. It allows a high degree of customization, allowing you to tweak the interface and set alerts for yourself. It has high-end risk management features, as well as risk notifications, and that pairs well with simple margin access. This helps your financial planning and portfolio management, as you’ll get notified if you go overboard.
But when judging a platform, you shouldn’t just look at its power. You should remember that it’s your window into the trading world. In extended sessions, frustrating platforms can be a huge pain point and create anger, worsening your performance.
Luckily, RoboFund’s software doesn’t suffer from that issue, as the broker made sure it was pleasant to use out of the box. And any small issue you might have, you can fix with the customization we mentioned before.
The trading software is a great way to round off an extremely strong service. It caps off all the powerful features the broker provides and makes sure it’s as good in practice as it is in theory.
Robofund Review Conclusion
As you can already tell from our Robofund review, we’re quite satisfied with what the broker offers. The service is streamlined, to where it’s easy to open an account and get started. It promises safety, both in the broker’s behaviour and in more formal measures.
On top of that, the service is obviously a result of a team that has intimate knowledge of the brokerage industry. Robofund has recognized numerous common pain points in brokers similar to it and resolved most, if not all, of them. Its service simply works, and is a great tool to improve your personal finance.
The accounts are appropriately scaled and add meaningful improvements without being overbearing. The platform is sophisticated yet adjustable for those little tweaks you may need. Furthermore, the combined trading features of leverage, low spreads, and risk management tools enable a profitable yet safe experience. Lastly, we should also note the numerous assistance features that come with no management fees.
Additionally, the bonus we mentioned earlier in our robofund.net review also improves the broker’s initial experience and makes it at least worth trying. Keep in mind, it’s only that good of an offer because an otherwise great service supports it. You should be cognizant of the conditions, but few traders can say no to a 100% bonus.
We truly believe Robofund will emerge as one of the top brokerage companies in the near future. We’d recommend it to anyone, as it’s a true all-rounder, with its accounts pleasing both ends of the budget spectrum. One of the best ways to improve your profits is to find a better broker, and we’ve found the solution for you.
The post Robofund Review appeared first on FinanceBrokerage.