As the financial trading markets open up for different traders, you can select different accounts and brokers for higher returns and accurate trades. One of the most preferred trading accounts is the RoboForex which has been operating since 2009. Due to their years of experience, different traders signed up on the platform, each enjoying the extensive range of opportunities RoboForex offers.
RoboForex accounts can be opened from various devices, including mobile phones. You can trade and operate the account from different devices.
Since everything is straightforward, you do not need a broker to help with the account opening. If you are new or interested in a reliable broker, here are some guidelines for opening a RoboForex account.
RoboForex Accounts
RoboForex enables interested parties to open different accounts based on your needs and preferences. Here are some accounts to consider. Select the account based on your experience and capital available to trade.
i. RoboForex demo ECN
This type of account is ideal for newbie traders with no forex trading experience or knowledge. You can do trial-and-error trades to comprehend how the whole system works. The base currency in this account is cents enabling you to start trading in small capital. It is best to spend time on this account, pay attention to trading and learn more before investing in further trading accounts.
Besides newbies, this is the best platform to test different trading strategies before venturing into large amounts. It is best to test strategies to avoid losses of trading with large amounts of money.
ii. RoboForex Demo pro
After one year on the demo accounts, you can upgrade to the demo pro accounts. This account is for pros, where execution speeds, experience, knowledge, and information matter when making faster and more decisive trade decisions. You can start with limited amounts, such as 10 Euros or dollars.
iii. RoboForex Pro-cent
You can upgrade to this account after one year of demos. Beginners with a little experience and those experienced can use this account. Notably, you get this account after one year of trading or upgrading from demos to a standard pro-cent account.
iii. RoboForex Prime Account
This is another account for pros with an option to trade in USD, EUR, RUB, and Gold. You can also trade in 28 other currencies, oil, indices, precious metals, cryptocurrency, and other assets. Moreover, you can make multiple trades simultaneously without any limitations.
iv. RoboForex R Trader Account
This elite traders’ platform allows you to use multi-platforms such as RTrader. The asset option is wide and more diverse than other previous accounts.
How to Create RoboForex Accounts
There are two main ways to create RoboForex trading accounts:
i. Upgrade the Accounts
If you have a demo or demo pro account, you can upgrade your account by depositing funds and seeking upgrades. For instance, you can upgrade from demo to standard accounts. Note that you can upgrade to these accounts since they nearly trade in similar assets, and the ownership details remain the same.
You must create new accounts for other options like pro and specific trade accounts. This includes accounts such as RoboForex Prime and R Trader accounts.
ii. Creating a New Account
RoboForex is a reputable broker; hence you can skip looking for other brokers and proceed to account creation. Like other brokers, it helps you create an account for all trading needs. You can do so with expert guidance or alone.
The process is simple, visit the RoboForex trading website to create your account. Enter all your details, beginning with the personal details forms, and fill in all the required details. After that, save the details to proceed. These details include your account name, trading name, passwords, email, etc. These details are critical for account login and security hence abide by all the guidelines. After completion, you can begin customizing your account.
To do so, click on the members’ area, where you must log in based on the details provided. In the area, you can see your wallet amounts and the currencies you want to trade.
You must also select the account type you want to create and operate. If you are a newbie, start with the demo account. RoboForex allows you to create different accounts; hence you can select the most suitable one. While creating and selecting the account, you must also select which currency you will be trading. You can select dollars or euros.
The final stage is the account verification process. This involves verifying the details provided to ensure legitimacy and authenticity. You can upload various documentation to help with the verification details or activate app features such as location settings to show your trading location and residence. Provide all the relevant details to match whatever is on your documentation to avoid any challenges.
After you verify your details, you can deposit the funds to trade. For demo accounts, you can input the fund sources details, such as credit or debit details, and trade with the demo amounts provided as you learn the strategies. For other types of accounts, you should deposit the funds, and you can begin trading.
Conclusion
RoboForex is open to anyone interested in forex trading hence the different accounts for beginners, semi-pro, pros, and elites to enjoy trading. You can also select your most preferred trading currency for convenience and ease of conversion upon deposit or withdrawal. The type of account you select can also determine the assets to trade in and the possible returns.