How to Open a RoboMarkets Account
If you are on this page, this means that you are interested in one or several financial instruments, and you are ready to embark on your career as a trader. No matter what market you decide to choose (Forex, Stocks, or any other), the first thing you need to do before you start trading is to register in the Members Area and open a trading account.
Below are the instructions on how to proceed, as well as our recommendations to help you decide on the basic parameters of your first trading account.
Members Area features
Account management
Deposit/withdrawal of funds
Access to transaction history
Investments
Learning new instruments
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 trading platform
- Numerous educational materials are based on it
- User-friendly and intuitive interface
- Operations on Forex market. Enables trading CFDs on popular stocks without having to install a dedicated terminal for the stock market
- Built-in shop offers a lot of trading robots to buy.
Updated and improved version of MT4
- Intuitive interface
- Built-in generator of trading strategies with a simplified system to test them
- Promising development prospects and a rapidly-growing user community
Terminal from RoboMarkets
- Access to all major financial markets: Stocks, Forex, Indices, 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 to trade on a demo account. This will help you learn the basic instruments and terminal, and test trading strategies without the risk of loosing any funds because all trading operations are performed with virtual funds. When trading through the MT4 and MT5 platforms, you have the option to choose from Demo ECN or Demo Pro. Another option for beginners is a real ProCent account. Accounts of this type can be opened in the MT4 and MT5 platforms.
Demo ECN
Demo ECN is used for testing trading strategies by experienced traders.
Demo Pro
Demo Pro is a special version intended for traders with experience less than
ProCent
ProCent offers the opportunity to embark on real trading without investing much money. To start trading, you are required to make the minimum deposit of 100 USD. The monetary unit of Cent accounts is a cent (0.01 USD). It allows traders to perform trading operations with small amounts of money.
What currency do I choose for opening a trading account?
It is better to start your journey through financial markets with one of the most popular global currencies. After gaining trading experience, you can choose the currency base account of your preference.
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 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, it is not recommended for beginners to use a leverage value higher than 1:10.
Have we answered your questions? Great!
So, this means that you’ve decided on the proper parameters of your first trading account and are now ready to open it by completing all the fields on the registration form.
Congratulations!
All you have to do now is download the terminal you chose before, and you are ready to explore trading on financial markets!
How do I deposit funds into 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 the "My accounts" section of your Members Area and at 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 necessary for increasing the protection level of your money and Members Area. To start working with RoboMarkets, you have to verify your personal information within 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
Preliminary steps to be taken by trader brief experience.
Client support
The RoboMarkets team is ready to answer your questions over the phone, in online chat in the "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 into my account?
- How much money do I need to start trading?
- What is the purpose of account verification?