Company name: RoboForex / RoboForex Ltd / RoboMarkets Ltd / RM Investment Bank Ltd
Regulatators: CY CYSEC / BZ FSC / SC FSA / LB FSA
Minimum deposit: $0
Maximum leverage: 1000:1
- Great range of more than 12,000 tradable assets
- Cent accounts available (ideal for novice traders)
- Commission-free deposits and fast withdrawals
- Competitive trading costs
Note: BEST FOREX BROKERS 2023 – RATING SCORE OF 4.8 OUT OF 5.0
RoboForex is one of the best brokers for novice traders. Practice shows that newcomers choose this company primarily for its reliability and comfortable trading!
RoboForex reviews by verified customers, cashback rebates, expert ratings, spreads & fees, leverage, demo accounts, downloads, trading platforms and more.
RoboForex Review | RoboForex Rebates – Forex Broker Rating
Table of Contents
- RoboForex Review | RoboForex Rebates – Forex Broker Rating
- RoboForex Overall Rating
- RoboForex Regulation / Money Protection
- RoboForex Cashback Rebates
- Web Traffic
- RoboForex Profile
- RoboForex Asset Classes
- RoboForex Account Types
- RoboForex Demo Account
- RoboForex Pricing
- RoboForex Deposits / Withdrawals
- RoboForex Popularity
- RoboForex Promotions
- RoboForex FAQs
- RoboForex Real Customer Rating
- RoboForex Review – Final Considerations
- Try this Forex broker risk-free! Click here and open a RoboForex Trading Account
We start our RoboForex review by highlighting the key features of this popular CFD broker.
RoboForex Overall Rating
Currently the broker receives a score of 4.8 out of 5.0.
The RoboForex broker represents a valid choice for retail investors looking for a highly-regulated broker in Europe, by the Cyprus CySEC, and for traders looking to diversify their portfolio, as this CFD broker offers more than 12,000 tradable assets, with competitive trading costs. RoboForex also boasts another great feature, Cent accounts.
With a Cent account, the novice investors can trade the markets, and experience the real live prices and market conditions, risking only a small amount of the funds, when compared to a standard account.
On the downside, traders may experience some levels of slippage while trading with RoboForex (both positive and negative), a characteristic typical of forex brokers offering an ECN trading environment. Also negatively, the choice of regulator for its international clientele, the Belize ISFC, offers little to no protection to retail traders.
RoboForex Regulation / Money Protection
Currently the broker receives a score of 5.0 out of 5.0.
Opening a trading account with RoboForex is possible with any of its entities, one in compliance with the European ESMA rules and the remaining for the international clientele.
1) International regulation: RoboForex Ltd, with a registered address at 2118 Guava Street, Belama Phase 1, Belize City, Belize will be the main counterparty for international customers. This entity is regulated by the Belize Financial Services Commission (FSC) with a licence number 000138/210 for the “trading in financial and commodity-based derivative instruments and other securities” category.
2) European regulation: RoboMarkets Ltd, with address at Arch. Makarios III Avenue 171, 8th floor, 3127, Limassol, is a financial services company registered as a Cypriot Investment Firm (CIF) under number 310464. RoboMarkets Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) with licence number 191/13. The CySEC licence allows RoboMarkets Ltd to offer online financial services in Europe according to the guidelines set out on the MiFID rules.
3) Malaysia regulation: RM Investment Bank Ltd, with address at No. 1-23A, First Floor, Paragon Jalan Tun Mustapha 87008, Federal Territories Of Labuan, Malaysia, is an Asian investment bank, regulated by the Labuan FSA, with licence No. 210138BI. The RM Investment Bank Ltd entity is a member of the RoboMarkets Group and is the company’s trading arm for the Asian markets.
Client Money Protection
The broker complies with the highest standards regarding the client’s funds safety. Therefore, RoboForex client’s funds are kept in top-tier international banks, such as the Barclays Bank, in segregated accounts.
RoboForex also complies with the client money handling rules and employs strict policies and procedures regarding the maintenance and operation of these accounts. RoboForex holds client’s money separately from the company funds and does not use these funds for any company operational expenses or purposes.
Only the European regulated entity offers a deposit compensation scheme for retail investors. RoboMarkets Ltd is a member of the Investor Compensation Fund (ICF), a compensation fund of last resort for clients of CIF registered companies.
The fund is regulated by the CySEC directive DI87-07. In the unlikely event that RoboMarkets Ltd is unable to meet its obligations, or becomes insolvent, clients might be entitled to compensation up to the value of €20,000 per claim, irrespective of the number of accounts held, currency and place of the offering of the investment service.
Please note that the ICF, as stipulated on the latest ESMA product intervention, only covers retail deposits. Deposits of traders classified as “Professional” will not be covered by the CySEC ICF.
Negative Balance Protection
For retail accounts opened via any of the RoboForex Group entities, there is a default Negative Balance Protection in place, to protect clients from any losses bigger than their original deposits. With NBP, RoboForex customers are protected from any losses bigger than their original investments, in cases of extreme market volatility.
Civil Liability Insurance Program
RoboForex took additional measures to ensure safety and compliance with its obligations to clients. The broker added a layer of security to safeguard customers by subscribing to a Civil Liability insurance program for a limit of 5,000,000 EUR.
This insurance program aims to safeguard the broker’s liabilities against clients, including market-leading coverage against omissions, fraud, errors, negligence and various other risks that may lead to the client’s financial losses.
RoboForex Cashback Rebates
Cash back rebates are paid per round turn lot unless otherwise specified. 1 Lot = 100,000 base currency units traded.
Each card used for a deposit transaction on the account must be verified by the broker before rebates will be credited to the account.
Cent Affiliate, Pro Affiliate and ECN Affiliate accounts offered by the broker, yet not offered on our website, contain intentionally increased spread values and commissions for a transaction.
These accounts are against our no markup policy and will only be verified at your specific request. See the difference in trading conditions via the link on Broker revenue note below.
*Broker revenue can be found on the RoboForex Contract Specifications web page.
What Are RoboForex Rebates?
RoboForex rebates are a portion of the transaction cost that is paid back to the client on each trade, resulting in a lower spread and improved win ratio. For example, if your rebate is 1 pip and the spread is 3 pips, then your net spread is only 2 pips.
Many traders initially believe there must be higher costs elsewhere to compensate, however they soon find there is no catch and Forex rebates truly reduce the costs of the transaction and improve their bottom line.
How Do RoboForex Rebates Work?
When you link a new or existing forex trading account to Cashback Forex (CBFX) the broker pays them part of their spread or commission profit for every trade you make as compensation for referring a customer. CBFX then share the majority of the revenue with you, paying you a cash rebate for each trade you make as thank you for signing up.
Your spreads will never increase as a result of using this service! The only difference is: as a CBFX client you earn extra cash per trade, making trading through us more profitable than opening direct with the broker. Founded in 2007, CBFX are the original and leading provider of forex rebates. CBFX pay rebates to over 100,000 accounts and traders love a helpful 24 hour live chat, telephone and email support.
Are RoboForex Rebates A Scam; Do My Spreads Increase?
RoboForex rebates paid by legitimate rebate providers are not a scam, however scams do exist. The most common scam is a rebate provider that marks up the spread or commission in order to pay a higher rebate than competitors. Many brokers do allow a referring party, or rebate provider, to markup costs to traders they refer. Obviously this defeats the purpose of the service provided by the rebate provider and thus jeopardizes the viability of the rebate provider’s reputation and business, so a reliable provider wouldn’t consider this. Besides this, certain rebate providers may not pay on time, or not at all. This is why it’s important to choose a reliable provider.
When working with a trustworthy rebate provider, there is no ‘catch’. It is more beneficial to a trader’s financial position to work with a rebate provider than solely with the forex broker.
Are There Any Other Benefits To Signing Up For RoboForex Rebates?
It depends on the rebate provider. Due to CBFX’s unique relationship with many brokers, they have often mediated between brokers and clients in order to help successfully resolve client issues, including clients who are having withdrawal issues. Brokers are often very fast to respond, since they typically have many clients. Their knowledgeable support team is available 24 hours per day in 8 native languages & 23 total languages for any questions. They also offer trading tools, calculators, reviews and a robust forex education section.
How Are Forex Rebates Paid?
Because CBFX deals with so many traders in so many different countries and serve 23 languages we have to cover a wide array of options. Here’s what they offer:
Forex rebate options vary per broker:
|Monthly cash back||Payments are credited and sent automatically by the 12 of the month following the month rebates are earned in.|
|Spread or commission reduction||The trader actually receives reduced commissions and/or spreads. This is an exciting option offered by some of our top brokers.|
|Paid direct to brokerage account||Cashback is credited directly to the trader’s brokerage account, typically between 1-7 days after the trade is closed. This is another exciting options offered by some of our top brokers.|
In the case of the ‘Monthly cash back’ rebate option, monthly payments can be paid via bank wire, Paypal, Skrill, Sticpay, China Unionpay, and Neteller. Some payment methods such as bank wire carries fees and often traders set a custom minimum payment amount in order to accumulate rebates and withdraw their rebates less often than monthly.
Established in 2009, RoboForex is a fast-expanding broker and between 2019 and 2020, according to their corporate website, the broker reached the milestone of more than 4,500,000 investment accounts opened. Compared to when the broker established its headquarters in Belize and started with 1,724 trading accounts, this is an impressive growth rate.
The broker supplies retail clients and partners with quality and reliable brokerage services using modern tools and technologies. RoboForex strives to complete the trading needs of its clients, by offering reliable, high-quality and affordable services with a personal and confidential approach. This CFDs broker follows a hybrid Forex business model, offering trading services as a market maker, but also offering ECN/STP trading conditions as a non-dealing desk broker.
The broker’s multi-language customer support service is available 24 hours, 5 days a week, in 13 languages. RoboForex customer services can be contacted via several live chat widgets, including WhatsApp, Telegram, Line and Skype, local phone numbers (subject to jurisdiction), web form and email.
RoboForex is also a very popular CFDs broker with traders for the excellent range of trading platforms. Trading can be executed via the Metatrader 4, Metatrader 5, and cTrader with all the platforms available on web, desktop terminal and mobile versions.
For the more advanced traders, RoboForex also offers trading via its proprietary platforms, the R Trader available as a web version, and Mobile R Trader, suitable for trading on the go. With RoboForex’s R Trader platform investors can, even with minimal coding knowledge, create automated strategies and trading robots.
RoboForex Asset Classes
One of the strong points of this CFDs broker. Aiming at providing as many investment opportunities as possible for traders, RoboForex offers an excellent range of 12,000+ assets available for trading, including forex, indices, stocks, commodities and cryptocurrencies.
FX market: 40 currency pairs, including all major pairs, and some minor and exotic crosses.
Indices: 4 world indices CFDs, including the US 500, US 30 and GER 40.
Stocks: 12,000+ stocks CFDs from several exchanges available for trading, including worldwide top companies and banks, such as Amazon, Apple, Citigroup Bank, eBay, Google, JP Morgan, Netflix and Tesla.
Commodities: 26 commodities CFDs available for trading; 20 combinations of metals – Gold and Silver versus several base currencies, and 2 energies – UK Oil and US Oil and 4 soft commodities.
Cryptocurrencies: 2 cryptocurrencies CFDs crosses available for trading, BTC/USD and ETH/USD.
RoboForex Account Types
RoboForex offers several types of trading accounts, with different execution models and pricing. The entry-level accounts are RoboForex’s Pro range of accounts, divided into Pro Standard and Pro Cent – both executed on a market maker model, meaning that RoboForex takes the other side of the trade.
The other RoboForex’s accounts are the ECN execution type accounts, divided into ECN, Prime and R Trader, with lower spreads, but with an added trading commission.
The RoboForex’s Pro Standard and Pro Cent accounts are best suited for investors that wish to trade only with the bid and ask prices, without added commissions.
The ECN and Prime accounts are recommended for investors looking for more competitive pricing. Especially for the forex pairs, with tighter spreads, but paying a trading commission. Ranging from 10 USD (Prime account) to 20 USD (ECN account) per million traded.
RoboForex also offers swap-free accounts for traders of Islamic belief, and the broker is also a viable option for money managers looking for a PAMM accounts provider and/or for a Copy Trading service – RoboForex’s social trading platform, available for registered users.
Regarding leverage, RoboForex maximum ratio is 2000:1 for retail clients opening a live account with the off-shore entity in Belize (only for the Pro Standard and Pro Cent accounts) and limited to 30:1 – as per ESMA’s 2019 product intervention – for retail traders opening a trading account with the Cyprus CySEC regulated entity. For investors opening an account with the RM Investment Bank Ltd entity in Malaysia, the leverage, or “maximum credit line”, is limited to 100:1, across all account types.
Currently, RoboForex trading accounts are only available in 4 base currencies: CNY, EUR, GBP and USD.
RoboForex Demo Account
With a RoboForex demo account traders can compare the broker to its peers, for its product offering and trading conditions – which the broker guarantees are similar to live accounts. But a demo account also serves the purpose for novice traders to practise their trading skills in a safe environment, without risking losing real money.
To open a demo account traders will need to fill in a simple form – email address, name and surname and mobile phone. Please note that to open a demo account, traders do not need to upload any verification document(s) to RoboForex.
After clicking the “Next Step” blue button, traders will receive a welcome email from RoboForex confirming the registration and with the logins to the “Members Area”. On the Members Area, under the “Accounts” tab, users can create a new demo account. From the options presented, users can choose 1 of the 4 trading platforms, between the Demo Pro and the Demo ECN, and set the leverage limit (up to 2000:1).
The RoboForex demo account is non-expiring and allows potential investors to test all of the broker’s account types and pricing on several financial instruments – forex, indices, stocks, commodities and cryptocurrencies, without risking any real money. The demo account is 100% risk-free and the funds are virtual – including both winnings and losses, of course.
Register for free and test your trading strategies, open a demo trading account with no risk and no obligation now.
Spreads And Trading Commissions
RoboForex’s pricing and trading costs are not the most competitive when compared with other players in this industry. The starting spread for the most popular cross, the EUR/USD pair, on the Pro Standard and Pro Cent accounts is 1.3 pip, commission-free.
And things don’t improve much with the ECN execution type accounts, the ECN and the Prime accounts. Even with an advertised more competitive pricing and trading conditions, taking the EUR/USD cross again as our example, RoboForex offers a starting spread of 0.0 pip, with a starting trading commission per 1 million of base currency units traded of 10 USD.
We consider the ECN, and Prime, account trading commissions to be higher when compared with other top brokers – who charge on average between 6-7 USD per round lot.
The main differences of the Prime account versus the ECN account – as both offer starting spreads from 0.0 pip – is the maximum leverage ratio, restricted to 300:1 with the Prime account, and the unavailability of the cTrader platform.
RoboForex swap rates, e.g. for the EUR/USD, stand at -9.20 for holding overnight a long position of 1 lot and at +0.90 for holding overnight a short position of 1 lot. Again, we consider RoboForex’s rollover rates to be worse when compared with the swap rates offered by other top brokers.
RoboForex Deposits / Withdrawals
Deposit fees: Trading accounts can be opened in just 3 different currencies and maintained via 20 funding methods. Including the traditional methods – debit/credit cards and bank wires. RoboForex also accepts deposits with the most popular e-payment solution, such as Neteller, Skrill and FasaPay.
RoboForex does not charge any deposit fees, and deposited funds are available almost instantly.
Minimum deposit: Opening a live trading account with RoboForex is fairly easy and it can all be done on the broker’s website, in 3 easy steps; fill in the registration form, confirm your identity and do the first deposit. The minimum deposit requirement with RoboForex for the Pro Standard, Pro Cent and ECN accounts is 0 USD!
Please note that with a zero balance, RoboForex clients will not be able to open any trades. On the other hand, traders can check out how the spreads widen on high-impact news, for example.
Withdrawal fees: RoboForex also waives the withdrawals fees (withdrawal processing times vary from instant to 1 business day). RoboForex does not charge clients any fees for withdrawals. However, credit card providers, banks or payment systems may apply a withdrawal transaction fee, or commission. For more information, please visit the RoboForex deposit and withdrawals dedicated page.
Inactivity fee: Currently, RoboForex does not charge an inactivity fee or any account maintenance fees.
The popularity of RoboForex Ltd is undeniable. By offering a good range of tradable assets, by using innovative technologies, and varied account types, merged with the now many years of experience, RoboForex found the right formula to capture users’ attention. RoboForex aims at providing its clients and partners with a great trading environment. Regardless of their experience and the number of their investments.
RoboForex is also a very popular CFDs broker with the trading community for the excellent range of trading platforms on offer. Trading can be done via the more traditional MetaTrader solutions – MT4 and MT5 – and for the savvy traders, RoboForex also offers trading via the cTrader and RoboForex proprietary platform, the R Trader.
Popular trading account: The Prime account is the popular choice with traders looking to save on RoboForex’s trading costs, with lower spreads and a lower commission of $10 per million base currency units traded (compared to $20 per million base currency units traded of the ECN account).
RoboForex deserves some popularity points for their good range of trading education materials. Users can find some useful trading tools, like the trading calculator and the R Trader Strategy Builder. Together with educational videos, price chart analysis and access to the RoboForex Analytics Centre.
Classic Bonus up to 120%
Free VPS Services
Zero Fees on Deposits & Withdrawals
12th Anniversary Promotion
What is RoboMarkets?
RoboMarkets is an online CFDs broker, part of the RoboMarkets Ltd Group, a financial services company with a registered office in Limassol and supervised by the Cyprus CySEC with licence No. 191/13.
This broker operates internationally in 169 countries around the world. And offers its customers 8 types of assets and multiple tools for online trading.
RoboMarkets activities are regulated in Europe by the CySEC and for international retail traders by the Belize IFSC, with a brokerage licence number 000138/107. More recently, the Group launched the website robomarkets.asia, aimed at the Asia-Pacific markets and to promote the RM Investment Bank Ltd entity, an investment bank regulated by the Labuan Financial Services Authority (Labuan FSA) with licence No. 210138BI.
For the safety of its customers, the RoboMarkets broker offers negative balance protection. It is also a member of the Financial Commission Compensation Fund. And undergoes execution quality certification, carried out regularly by Verify My Trade.
In addition, RoboMarkets is also a member of the Financial Commission. The purpose is to regulate conflicts between the online CFDs brokers and its customers.
What is RoboMarkets Asia Ltd?
RoboMarkets Asia Ltd is a financial services company with registered headquarters at Office 6 (B), Financial Park, Labuan, Malaysia, and supervised by the Labuan Financial Services Authority (Labuan FSA), with licence No. MB/19/0034.
The company is registered to provide online financial services for Asian traders on the global forex and CFD markets from Malaysia.
RoboMarkets operates in the Asian markets through RM Investment Bank Ltd. An investment bank regulated and supervised also by the Labuan FSA, with licence No. 210138BI.
RM Investment Bank Ltd offers investment opportunities on more than 10,000 financial instruments, divided into 7 asset classes – currency pairs, stocks, indices, ETFs, commodities, energies and metals.
Regarding client money protection, RoboMarkets keeps the company’s funds segregated from its clients’ funds. Thus guaranteeing that they are safe and secure from any unlawful use. Also, if clients are unable to keep a positive balance on their trading accounts, due to extreme market volatility, for example, RoboMarkets applies a Negative Balance Protection mechanism, automatically setting the balance to zero.
The entity developed investment platforms for its clients, taking into account the needs of investors. Investments can be carried out via 3 platforms; MetaTrader 4, MetaTrader 5 and R StocksTrader, a multi-asset web-based investment platform with the fastest financial charts in the industry and advanced tools for technical analysis.
RoboMarkets accepts account funding only in USD, always with 0% commission. Clients can also withdraw without commissions twice a month. Customer service is available 24/7 by a professional team working in RoboMarkets Live Support. Always ready to answer questions in 7 languages.
Are RoboForex accounts available to residents of Nigeria?
Yes, residents of Nigeria can open a trading account with RoboForex, through the RoboForex Ltd entity. Regulated and licensed by the Belize Financial Services Commission (Belize FSC).
Nigerian traders can open a live account with RoboForex with a $0 deposit. And start trading forex and CFDs with an initial minimum deposit of $10. The broker has several account types available. Pro Standard and Pro Cent accounts with market-making execution. And ECN and Prime accounts with ECN environment trading conditions.
Trading can be done with several platforms – MT4, MT5, cTrader and RTrader. Retail traders can apply for a trading account with a maximum leverage ratio of 2000:1.
Unfortunately for Nigerian traders, RoboForex does not offer NGN based trading accounts. Local phone support is not available in Nigeria.
What are the RoboForex Pro Cent account specifications?
The RoboForex Pro Cent account is a version of the RoboForex Pro Standard account but in cents. It allows RoboForex’s clients to conduct transactions under the Pro conditions. The trading conditions are equal to those of the Pro Standard account. Without risking losing large amounts of money.
The RoboForex Pro Cent (micro) account allows investors to practise/trade with micro-lots (1,000 currency units). With real money on several markets, including 36 FX pairs and metal. Thus the Pro Cent account is surely the best way to enter the world of real trading.
The main feature of the RoboForex Pro Cent accounts is the use of 100x denominated monetary units of each base currency – US Cent and EUR Cent, for example.
An investor depositing just $10, for instance, to a Pro Cent account will have an account balance of 1,000 Cents. As a result, Cent accounts are excellent not only for novice traders to test their trading strategies. But also for professionals.
Professional traders can benefit from a Pro Cent account if they need to test new trading strategies. Fans of algorithmic trading can also test Expert Advisors in real market conditions without any significant financial investments.
For the RoboForex Pro Cent account, the minimum deposit is just $10. Trading is offered via MT4, MT5 and RoboForex’s RTrader platform. With a minimum order volume (lots) of 0.1 for the Pro Cent MT4 and 0.01 for the Pro Cent MT5, pricing is average, with a variable spread starting at 1.3 pips, but with no added trading commissions.
Investors with a RoboForex Pro Cent account can also benefit from the broker’s other features. These are e.g. commission-free deposits, monthly free withdrawals and other ongoing bonuses or promotions.
What is RoboForex minimum first deposit?
The RoboForex minimum first deposit varies according to the entity contracted and the account type. But overall is $10 for the RoboForex Ltd entity, regulated in Belize. Furthermore $100 for the RoboMarkets Ltd entity, regulated in Europe. And finally $100 for the RoboMarkets Ltd entity, regulated in Malaysia. Please check the table below for the RoboForex minimum deposit per account type and entity.
Is the web trader available with RoboForex?
Yes, a web trader platform is available with the RoboForex broker, the R Trader. The R Trader is a web terminal and is the company’s proprietary solution. R WebTrader offers traders many advantages, allowing trading of your MT4 accounts conveniently from anywhere in the world. And on any mobile device, with the R Trader Mobile version.
The web trader platform comes packed with many options and using only the most advanced tools. It has 13 technical indicators, 9 technical analysis tools on charts, expert analysis by RoboForex. And some nice features like easy account management, and best of all, it’s completely free of charge.
To access the web terminal, follow the link to the web trader RoboForex and enter the email address and password you specified when registering in your Member’s Area into the appropriate fields.
To open the desired account, you should choose it from the list in the upper left corner. Click on it and then enter your trading password. The web trader RoboForex platform supports all types of MetaTrader4 trading accounts, including real and demo accounts.
RoboForex Real Customer Rating
Based on user reviews from RoboForex’s verified customers, this broker is recommended for its deposit and swift withdrawal processing times. With traders mentioning that withdrawals are almost instant with certain online wallets.
Traders were also pleased with RoboForex’s cashback program. They will get part of the trading commissions reimbursed – subject to monthly trading volume. Some traders praised the broker’s customer support service for their efficiency.
Negatively, a few traders point out RoboForex’s pricing. With a special note for the spreads, trading commissions and swap rates. Perhaps something that the broker could/can improve shortly.
RoboForex Review – Final Considerations
We conclude our RoboForex review with the final considerations regarding this CFD broker. RoboForex stands out for its great range of tradable assets and the complete offering of trading platforms. Also positively, RoboForex is one of the few brokers offering the Cent account, the perfect training ground for the novice traders, allowing them to test strategies and trading skills and “feel” how the currency markets behave, especially in periods of extreme volatility that can move a pair’s price by 10ths of pips in seconds.
Unfortunately, the broker’s pricing is not the most competitive, and although the ECN type accounts starting spreads on major forex pairs is 0.0 pip, the slightly higher than average trading commission inflates the overall cost of trading.
With RoboForex traders are allowed to hedge, scalp, swing or position trade, with no restrictions, via 3 reliable trading platforms. These are MT4, MT5 and cTrader, and the broker’s trading platform, the RoboForex R Trader.
If you are interested in automated forex trading systems that really work, we suggest checking our TOP 30 RANKING of BEST FOREX EA’S | EXPERT ADVISORS | FX ROBOTS with Myfxbook verified real live trading results!
Overall, the diversity of trading platforms and assets, the broker’s offering of trading accounts in cents, together with a low initial deposit of 10 USD, position this CFD broker on the top 5 brokers for popularity with traders opening a trading account in 2023.