RoboForex Spread and Fees Explained according to traders union

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traders union
traders union

RoboForex is more expensive than some rivals and less expensive than others. For instance, RoboForex spread is less expensive than Forex4You, as shown in the table below. While RoboForex’s largest spread is 2 for GBPUSD and USDJPY, the latter has high Forex spreads of up to 3.

RoboForex, however, is more expensive than its rivals, including Exness. Exness offers spreads between 1 and 1.3, making it more affordable than Forex4You and RoboForex.

RoboForex spread commissions are greater than those of Exness, however they are still within the range of most foreign brokers. Additionally, the platform provides a variety of commission charge reduction options, including rebate schemes.

Fees for Forex Trading

The spread, or the difference between the bid and the ask price, is typically included in forex trading fees.

According to Roboforex review the spread, or the difference between the ask and bid values of a currency pair, is typically included in the fees associated with forex trading. Some brokers may also charge a commission for each trade that is carried out. These charges come in different sizes depending on the broker and the currency pair being transacted.

f not done wisely; forex trading may be a costly effort. RoboForex, fortunately, features cheap commission costs that make trading forex simpler for investors. Furthermore, there are no fees associated with the RoboForex Standard Account. Has a variety of account types, and there are particularly good trading conditions on the Prime, ECN, and R Stocks Trader accounts according to Roboforex Review and reports.

The ECN account price is $2 per lot, which is significantly less than the industry standard. For instance, Forex4You charges $8 each lot while Exness charges $3.5.

The average spread for ECN accounts, meanwhile, is 0.1 pip, the same as Exness and many other brokers.

CFD Spreads & Fees for RoboForex

You can trade a variety of financial instruments on RoboForex, including major, minor, and exotic currency pairs, precious metals (gold and silver), CFDs on stocks of significant corporations worldwide, and futures contracts (oil, gas, agricultural products, etc.). The costs associated with each of these assets should be known to you.

Here are a few different currencies’ RoboForex spread costs, for example. 

Depending on the broker you use, the commission costs may be a flat fee or a percentage of the deal value. For instance, your overall expense would be if you traded EUR/USD with a 2-pip commission. Trading on the RoboForex platform is comparatively more expensive than on Exness since RoboForex has higher commission fees.

Various Fees

Traders should be aware that some financial instruments can only be traded at specific times of the day, especially when taking into account different time zones, and that if they hold these positions after the market has closed, they may be subject to additional fees.

Traders should be aware that positions held open for more than a day may be subject to overnight fees, often known as swap fees or rollover fees.

Muslim traders who follow Sharia Law at RoboForex have the option of opening an Islamic account.

Spread betting fees do not apply to RoboForex because it does not provide traders with this service.

Brokerage Fees

RoboForex does not charge any fees for deposits; nonetheless, various payment methods, including: 

Visa, MasterCard, and JCB Credit/Debit Cards: 2.6 percent plus US$1.3 or €1

1.5% for Bank Transfer (SEPA)

Local Bank Transfer – 4% maximum

1.8% for China UnionPay

1 percent for Skrill

Payza – 1.9 percent 

0.5 percent for Fasapay and Perfect Money

One percent for AdvCash

2.8 percent for money, and

ecoPayz: US Dollars 2 or Euros 1.

Additional broker fees, such as inactivity fees or expenses related to account maintenance and management, are not waived by RoboForex. On a trading platform, withdrawal inactivity and deposit fees are examples of non-trading expenses.

Is there an inactivity fee for RoboForex?

There is no idle cost with RoboForex. Additionally, since the money in your inactive account have no expiration date, RoboForex won’t write them off.

Does RoboForex impose a fee for withdrawals?

The cost of a RoboForex withdrawal varies by method. For instance, there will be a 2 percent fee if you take money from your account using a credit or debit card. However, the withdrawal charge will be determined by the payment system’s rules if you use an e-wallet like PayPal or Skrill. RoboForex does not charge a fee for money withdrawals.

Does RoboForex impose additional fees? 

There are no extra expenses with RoboForex. You can withdraw money commission-free. Additionally, neither your cash nor the inactivity fee expires.

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