RoboMarkets is a rapidly growing trading platform and was established in 2012. It has hundreds and thousands of traders, including a wide range of account types, contributing to the broker eclipse of several other trading platforms worldwide. The Platform is regulated by BaFin and CySec and has received several prestigious awards within a short period. The most important accounts are the five types, including one for algo testing, one for retail traders, and the remaining account for pro-level traders. The RoboMarkets Broker offers a mindboggling high number of stocks, ETFs, CFDs on stocks, and ETFs. Further, the number of available commodities is also high. Along with these benefits, there are also several options for deposits and withdrawals and trading with several base currencies.
At the end of each trading day, if you have any open trading position, it will be subject to a charge known as a ‘Financing Fee,’ which may occasionally change without prior notice. Notably, the finance fees are tripled on stocks, foreign exchange, and indices from Friday night to Saturday.
Registering in R Stocks Trader Account
You first need to register at RoboMarkets to access the Members Area. You must fill in the required fields on the registration form if you are not a client. For this, you need to follow the instruction in paragraph 1. If you can access the Members Area, you can log in easily and select ‘R Stocks Trader Account’ from the ‘Accounts Menu. You must fill in all the blank fields and click the ‘Continue’ button.
You can do the same if you want to open a demo account and use the RoboMarkets Broker trading software without investing. Since it is only a demo, you can learn a lot from it, but you cannot take away any profits.
Transferring Stock Positions from Third Party Brokers
Transferring positions in stocks traded on the US market with certain conditions is possible. It has yet to be a standard procedure. You may have to pay charges for it to the RoboMarkets trading platform. You will need to send a ticket from the ‘R Stocks Trader,’ which is in the section of your Members Area. You need to specify the full name of the clearing house where your stocks are kept.
Your next step is to attach a copy of the account statement where your positions were opened. Next is to provide a legally relevant document confirming that the transfer bears no burden. It is a declaration whereby RoboMarkets Broker will not take any responsibility whatsoever, and you get to transfer your stocks when you are holding an open position.