How to open a RoboMarkets account
If you are on this page, it means that you are interested in one or several financial instruments and ready to start your career as a trader. No matter what market you decided to choose (Forex, Stocks, Cryptocurrencies, or any other), the first thing you need to do to start trading is to register a Members Area and open a trading account.
Below you can find instructions on how to do this and recommendations to help you decide on basic parameters of your first trading account.
Opportunities offered by Members Area
Account management
Depositing/withdrawal of funds
Access to transaction history
Investments
New instruments learning
What trading platform do I choose?
The key tool of any trader is a trading terminal. Before opening your first trading account, choose the platform you’re going to conquer financial markets with.
The most popular
- Currently, the most popular trading platform – a lot of educational materials are based on it.
- User-friendly and intuitive interface.
- Operations on Forex and cryptocurrency market. Trading CFDs on popular stocks without having to install a special terminal intended for the stock market.
- Built-in shop offers a lot of trading robots to buy.
Updated and improved MT4
- Intuitive interface.
- Built-in generator of trading strategies with simplified system to test them.
- Promising development prospects and rapidly growing user community.
Terminal from RoboMarkets
- Access to all major financial markets: Stocks, Forex, Indices, Cryptocurrencies, Metals, and Commodities.
- User-friendly interface.
- Built-in trading robots builder, which requires no programming skills.
What account type do I choose?
After deciding on the platform, you need to choose an account type.
The best option for gaining trading experience is a demo account. It will help you to learn basic instruments and terminal, test trading strategies without being afraid of losing your own money, because all trading operations are performed with virtual funds. When trading through MT4 and MT5 platforms, you have an opportunity to choose from Demo or Demo Pro. Another option for beginners is a real Pro-Cent account. Accounts of this type can be opened in MT4 and MT5 platforms.
Demo
Demo is used for testing trading strategies by experienced traders.
Demo-Pro
Demo-Pro is special version intended for traders with less than
Pro-Cent
Pro-Cent is an opportunity to start a real trading without investing much money. To start trading, you are required to make the minimum deposit, 100 USD. The monetary unit of cent accounts is a cent (0.01 USD) and it allows traders to perform trading operations with small amounts of money.
What currency do I choose for opening a trading account?
It’s better to start your journey through financial markets with one of the most popular global currencies. When you gain more trading experience, you can choose the currency base account based on your preferences.
USD
The American Dollar is the most wide-spread and popular base currency for trading accounts. Most educational courses and tutorials are intended for the USD-based trading accounts.
EUR
Having an account in EUR is very convenient for the European Union residents. You can always deposit funds and withdraw them without any additional conversions. However, this currency is less common than the USD.
What is the leverage?
The leverage allows you to trade with borrowed funds. The leverage value reflects the ratio between your own money and borrowed funds. For example, the leverage value 1:5 increases the capital available for investing by 5 times.
When operating on Demo accounts, you can choose the leverage value up to 1:30 and assess all opportunities offered by borrowed funds. As for real accounts, beginners aren’t recommended to use the leverage value higher than 1:10.
Have we answered your questions? Great!
So, it means that you’ve decided on proper parameters of your first trading account and are now ready to open it by filling in all fields in the registration form.
Congratulations!
The only thing you need is to download the terminal you chose before and you are ready to explore trading on financial markets!
How do I deposit funds to my account?
Login to your Members Area and go to
- Funds
management - Deposit/Withdarwal
- Deposit funds
Choose the payment system that is convenient for you and perform a transaction.
The operation will be displayed in "My accounts" section of your Members Area and in the trading platform interface.
How much money do I need to start trading?
To start trading, you are required to have the minimum deposit of 100 USD.
What is the purpose of account verification?
The verification procedure is intended for increasing the protection level of your money and Members Area. To start working with RoboMarkets, you have to verify your personal information with 12 days after your first deposit. Otherwise, the Company will have to deny providing you with its services.
More questions?
FAQ
Answers to the frequently asked questions.
Getting ready for trading on Forex
Preliminary steps to be taken by trader brief experience.
Client support
RoboMarkets team is ready to answer your question over the phone, in online chat in "Ask a question" window, or via tickets in your Members Area.
- How to open an account
- Why do I need Members Area?
- What trading platform do I choose?
- What account type do I choose?
- What currency do I choose for opening a trading account?
- What is leverage?
- How do I deposit funds to my account?
- How much money do I need to start trading?
- What is the purpose of account verification?