Welcome to our Robomarkets review 2020. Here you’ll get to see why this online broker is a great choice for crypto trading on everything from Bitcoin and Ethereum to Litecoin, Dash and Ripple. Our Robomarkets review will explain how the broker allows you to trade on the value of these cryptocurrencies without you needing to have a crypto wallet.
The Cyprus-based brand has been in operation since 2012. In this time, it has successfully launched its financial trading services in over 20 European nations including the UK. But be sure to read our Robomarkets review 2020 to see what this means for investors in the USA, Canada, Australia and New Zealand.
Pros & Cons of Robomarkets
- Excellent trading options on all of the biggest cryptos
- Licensed and regulated in 29 European nations
- Easy way to trade other assets like stocks, forex and indices
- 24/7 customer support in multiple languages
- Not available for customers in USA, Canada, Australia and New Zealand
Our Robomarkets review 2020 discovered that the brand has created a user-friendly and good looking website. It features a pleasing blue and green colour scheme and is much easier to navigate than some of the cloud mining sites that we have come across. There’s a handy navigation bar that allows you to browse the trading options, trading tools and log into your account. We also appreciated the fact that customer service is always just a click of a mouse button away.
You’ll find that the actual trading action takes place on the highly regarded WebTrader and R Trader trading platforms. The WebTrader platform allows you to trade from your browser, while the R Trader platform comes equipped with a variety of powerful tools that allow you to expertly analyse the financial data from the fastest charts in the industry. Don’t forget that the brand’s MobileTrader tool is one of the best trading apps that we’ve come across for use on all modern iOS and Android smartphones and tablets.
Above all, our Robomarkets review found that this brand offers you a very swift and efficient way to trade online. It features some of the fastest execution speeds that we’ve come across, and offers a good example of what you should be looking for from an online brokerage.
How To Trade
We thought that it would be helpful if our Robomarkets review gave you a step-by-step guide to getting started on this site. You should be able to open an account in just a couple of minutes. This means providing the brand with personal information like your name, mobile number and so on. Once you have had your details verified, you can pick your preferred kind of trading account. The Pro-Standard account type is the most popular as it is suitable for different levels of trading experience.
Then you will simply need to put at least $100 in your trading account. After doing so, it’s just a case of picking one of the brand’s trading terminals and then investing on the changing values of the featured cryptocurrencies. It’s never been easier to get started in crypto trading.
One of the most impressive parts of this Robomarkets review is the flexibility with which the brand allows you to make deposits. This is because Robomarkets features dozens of trustworthy payment brands that can be easily used to add funds to your account.
These include popular bank cards like Visa and MasterCard, alongside plenty of electronic payment options like PayPal, Skrill, Neteller and EcoPayz. Robomarkets also offers transparent information about which banks you can make direct bank transfers from. All deposits can be made without any fees. Ewallet and card deposits should be carried out instantly, while it can take up to five banking days for bank transfers.
Most of the above payment solutions can be used for making withdrawals. However, our Robomarkets review 2020 found that there may be fees for withdrawals. These range from €10 for bank transfer withdrawals to 2% for PayPal withdrawals or 2.4% for card withdrawals. You should commonly be able to withdraw from a minimum of $10 at a time, although this might be significantly higher for bank transfer withdrawals.
It’s always important to look at an online broker’s fees, as these can have a big impact on what kinds of returns you get from your investments. All of the accounts featured at Robomarkets feature floating spreads from 0 points.
Our Robomarkets review 2020 found that the brand operates a commission-free trading model. This means that you can enjoy trading stocks without paying the brokerage any commission. However, it’s worth noting that this is only functional on R Trader accounts that have a 1:1 leverage. Thankfully there is no financing fee involved with these accounts.
Outside of these accounts, our Robomarkets review discovered that you’ll be charged a commission rate of 0.02 USD per real stock asset. We should note that the minimum commission that you’ll pay will be 1.50 USD. All of which are some of the lowest commission rates that you’ll find among the current range of online broker sites.
We couldn’t give you a decent Robomarkets review unless we took a thorough look at the brand’s customer service options. Thankfully we discovered that Robomarkets features 24/7 customer support so you should always be able to get your queries answered. What’s best is that the brand’s customer service team is multilingual so you could receive support in languages like English, Spanish, German and so on.
The easiest way to get in touch with Robomarkets is to click on the Ask a Question tab on the homepage. This allows you to enter the user-friendly live chat feature. However, you are also given the option to request a call back from the brand’s customer service team.
We were also pleased to see that there was a dedicated email address for Robomarket’s customer support. Plus with plenty of educational and analytical tools, our Robomarkets review 2020 found that this is a brand that cares about its customers.
Any good Robomarkets review will let you know how the brand is licensed and regulated. Such information will go a long way into telling you whether you can legally use the online broker, and how safe you will be.
Thankfully, Robomarkets has dedicated a section of its website to explaining how it is regulated so that you know exactly where you stand. Firstly, the brand is regulated by the Cyprus Securities and Exchange Commission. Plus it details how it is regulated in each of its relevant jurisdictions. For example, UK customers will see that the brand is regulated by the Financial Conduct Authority.
Other important trust features to make note of include the fact that Robomarkets is part of the Investor Compensation Fund. There is also a Civil Liability Insurance Policy in place, and the brand implements Wolfsberg Group principles to manage financial crime risks. Plus with all of the necessary encryption technologies, your data and deposits will be safe at this site.
Reputation and Customer Feedback
Robomarkets has won well over a dozen different awards in its brief history. These all give you a good idea of what the brand’s financial trading service is all about. Recent accolades received have included the likes of Best Global Stocks Broker, Safest European Broker, Best Trading Execution, Leading European Indices Broker and Best Client Service Forex in Europe. Plus with an award given for being the Best Crypto Broker in 2018, it shows just how highly regarded Robomarkets has become.
After reading our Robomarkets review 2020, you should realise that this is an excellent site for crypto trading. This is because the brand gives you a safe and easy way to trade on the value of all of the biggest cryptocurrencies. Plus the brand has an impressive range of other investment opportunities featuring assets like shares, forex, indices, commodities and much more.
With 24/7 customer support, safe funding methods and some user-friendly software, it all made writing our Robomarkets review a real pleasure. The only criticisms we had were the fact that there were fees for withdrawals, and obviously, the brand’s services weren’t open for clients in the USA, Canada, Australia or New Zealand. But if you are resident in the UK or any other European country, then you will definitely want to sign up to Robomarkets for your crypto trading.