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Rating
/10.00
The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!
Benchmark
B
Market Making(MM)
CYSEC Regulated
Retail Forex License
NBRB Regulated
Retail Forex License
IFSC Offshore Regulatory
Company Name:
Roboforex Cy LtdCompany Abbreviation:
RoboforexPlace of registration:
Belize
Regulatory Status:
RegulatedCustomer Service Email Address:
info@roboforex.comCustomer Service Phone Number:
+65 3158 8389Company summary
BasicInformation&RegulatorsofRoboForexRoboForexwasfoundedin2009,thenbecameamemberoftheFSCL,launchedanegativebalanceguaranteeservice,lateraddedCFDinstruments,introducedgoldandCNYtradingaccounts.In2016,RoboForexstartedcreatingaproprietaryinvestmentplatformwithaprofessionalanalysiscenterRAMM,releasedstocktrading,reachedatotalnumberof9,400tradableinstruments,andofferedmaximumleverageof1:1200.In2019theforexbroker'stradableinstrumentsreached11,700,withglobalupdatesfortheAndroidandiOSversionsofRwebTraderyandRMobileTrader,andwonmorethan20awardsinthefinancialindustry.SafetyAnalysisRoboForexonlyholdsaretailForexlicensefromtheIFSCofBelize,andthebrokersetsleveragerelativelyhighandchargesacommissionforwithdrawals,soinvestorsshouldtakecarefulconsiderationwhenchoosingthisbroker.MarketInstrumentsRoboForexoffersinvestorsaccesstopopulartradableinstruments,includingForex(over40currencypairs),metals(silverandgold)stocks,indices,commodities,crypto-virtualcurrencies,crypto-virtualcurrencyindices.Leverage&AccountofRoboForexTomeetdifferentinvestors'investmentneedsandexperience,RoboForexhassetupfivedifferenttradingaccounts:Pro-Standard(minimumdepositof$10/€),Pro-Cent(minimumdepositof$10/€),ECN(minimumdepositof$10/€),Premium(minimumdepositof$10/€)andRTrader(minimumdepositof$100/€).Themaximumleverageis1:2000forPro-StandardandPro-Centaccounts,1:500forECNaccounts,and1:300forPremiumandRTraderaccounts.Spreads&CommissionFeesofRoboForexTheminimumspreadforPro-Centaccountsstartsfrom1.3pips,and1.5%ofthecompany'srevenueisrebated.ForPro-Standardaccounts,thespreadstartsfrom1.3pips,andupto15%ofthecompany'srevenueisrebated.ForECNaccounts,theminimumspreadstartsfrom0.0pips,andupto15%ofthecompany'srevenueisrebated.TheminimumspreadforPremiumaccountsstartsfrom0.0pips,and5%commissionisrebated.InRTraderaccount,afeeof$0.0045pershare(minimum$0.25)ischargedfortradingUSstocks($10,000deposit),and$0.02pershare(minimum$1.50)forCFDsonUSstocks,0.07%(minimum€/£2.80fee)forCFDsonEUstocks,0.30%(minimum$0.01)forcryptocurrencytrading,$15feepermillionbasecurrencyforforextrading,andindicesproductsfeaturingfloatingfee(minimum$1).TradingPlatformAppliedofRoboForexRoboforexofferstradersawiderangeofhigh-performancetradingsoftware,mainlyMT4,MT5,cTrader,RTrader,RoboForexterminal.cTraderissuitableforexperiencedtradersandhas54technicalindicators,14timetables,secondarypricing,andrareorders.Moreover,itenablestraderstoaccessallfinancialmarketsworldwidethroughaWEBterminalusingafamiliarwebbrowser.Deposit&WithdrawalofRoboForexThemaindepositandwithdrawalmethodssupportedbyRoboforexareBankTransferSEPA(supportingEUR,nocommissionfordeposits,1.5%feeforwithdrawals),ChinaUnionPay(supportingCNY,nocommissionfordeposits,1.5%feeforwithdrawals),Skrill(supportingEUR&USD,nocommissionfordeposits,1%feeforwithdrawals),NETELLER(supportingEUR&USD,nodepositfee,1.5%withdrawalfee),AdvCash(nodepositfee,1%withdrawalfee),PerfectMoney(supportingEUR&USD,nodepositfee,0.5%withdrawalfee),AstroPay(supportingEUR,USD,AUD,RMB,nodepositfee,0.5%withdrawalfee)(0.5%feeforwithdrawals),VISA/MasterCard/JCB(USD,EUR,CHF,GBP,nodepositfee,2.6%+1.3USD/1EURfeeforwithdrawals). About MoreWikiFX Risk Alerts
Previous Detection: 2021.07.30 Risk: 2 Item
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At the beginning, the account with additional points, one lot equals 20 US dollars X 50% = 10 US dollars. After the client counts, the commission gradually decreases. It should be the person above who draws it from the background. The background service said it was because floating spread, the spread of the trading account is sometimes high and sometimes low, so the IB commission is usually not fixed and is quoted according to the market spread. I would like to ask, if so, why do I open an adding point account? The commission for adding point account is lower than that for not adding points, and the answer I get is to determine my commission based on the spread of the market. What is the purpose of opening an adding point account? The account manager told me that when the spread is high, I can get USD 12.5 for 1 lot, and when the spread is low, I can get USD 9 for 1 lot. What's the matter with me getting USD 8 for 1 lot? What's more, the so-called low spread is that I watched the EURUSD spreads for the whole week, and it stayed above 20 points. As a result, the commission I took was 20 points lower than that of the ordinary account. Be careful when being IB here, pay attention to your commissions all the time, they will move to reduce the commissions at any time. And these so-called "floating spreads" are prepared answers waiting for you to ask them. They tell me this is an MM full licensed platform. This is Malaysia IB, email me to solve the problem.
FXCDTikw0936
2021/01/17
Malaysia
The spread in this platform is a rip-off. The internal operation is a mess.
FXYBWhfm9903
2020/03/24
China
Don’t trade in this broker. I used to withdraw $100. Then I deposited $900 and profited $300, while the withdrawal is unavailable.
FXEYRccr1692
2020/03/22
Israel
Roboforex’s bonus can’t cover margin. After running out of it, they liquidated my position. This is a scam, a fake propaganda.
FXSTLkmt7201
2019/01/01
China
The Cyprus Securities and Exchange Commission (CySEC) was established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity. It is an independent public supervisory Authority responsible for the supervision of the investment services market, transactions in transferable securities carried out in the Republic of Cyprus and the collective investment and asset management sector. It also supervises the firms offering administrative services which do not fall under the supervision of ICPAC and the Cyprus Bar Association.
Current Status:
RegulatedLicense Type:
Market Making(MM)Regulated in Country/Area
Cyprus
Regulatory License No.：
191/13Email Address of Licensed Institution :
info@robomarkets.comLicense Type:
SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
Arch. Makarios III Avenue 171, 8th floor, 3127, LimassolPhone Number of Licensed Institution :
35725262660Licensed Institution Certified Documents :
Robomarkets CySEC监管2020.11.23 View Certified Documents 19113 牌照信息 View Certified Documents RoboForex_CySEC交易商监管信息表_查询结果 View Certified Documents
The National Bank of the Republic of Belarus(NBRB) is the central bank of Belarus, located in the capital city, Minsk. The bank was created in 1922 under the name of "Belarusian Republican Bank" , but soon worked under the direction of the State Bank of the USSR. Undergoing reorganizations in 1959 and 1987, the bank appeared in its current form in 1990 after the passage of banking rules upon declaring independence from the Soviet Union. The bank's activities are regulated in the Banking Code enacted in October 25, 2000. Article 25 of the Banking Code, provides that one of the main functions of the NBRB is to ensure efficient, reliable and safe functioning of the interbank settlement system, and prescribes procedures for cash and non-cash settlements in the Republic of Belarus.
Current Status:
RegulatedLicense Type:
Retail Forex LicenseRegulated in Country/Area
Belarus
Regulatory License No.：
15Email Address of Licensed Institution :
info@roboforex.byLicense Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
220030, Minsk, Myasnikova St. 70, office 308Phone Number of Licensed Institution :
+375336976379Licensed Institution Certified Documents :
Roboforex NBRB牌照 View Certified Documents
The International Financial Services Commission (IFSC) was established by the enactment of the International Financial Services Commission Act (IFSCA) on 3rd May 1999. The IFSC is a premier regulatory body for the offshore industry in Belize and as the regulatory authority, the IFSC’s responsibility under the IFSC Act, is to enhance Belize as an international financial services center and to regulate the provision of international financial services.
Current Status:
Offshore RegulatoryLicense Type:
Retail Forex LicenseRegulated in Country/Area
Belize
Regulatory License No.：
IFSC/60/271/TS/17Email Address of Licensed Institution :
info@roboforex.comLicense Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
2118 Guava Street, Belama Phase 1, Belize City, Belize, C.A.Phone Number of Licensed Institution :
501-233-5577Licensed Institution Certified Documents :
ROBOFOREX-IFSC牌照200401 View Certified Documents IFSC60271TS17 牌照信息 View Certified Documents
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2021.07.30 updated
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Basic Information & Regulators of RoboForex
RoboForex was founded in 2009, then became a member of the FSCL, launched a negative balance guarantee service, later added CFD instruments, introduced gold and CNY trading accounts. In 2016, RoboForex started creating a proprietary investment platform with a professional analysis center RAMM, released stock trading, reached a total number of 9,400 tradable instruments, and offered maximum leverage of 1:1200. In 2019 the forex broker's tradable instruments reached 11,700, with global updates for the Android and iOS versions of R webTradery and R MobileTrader, and won more than 20 awards in the financial industry.
Safety Analysis
RoboForex only holds a retail Forex license from the IFSC of Belize, and the broker sets leverage relatively high and charges a commission for withdrawals, so investors should take careful consideration when choosing this broker.
Market Instruments
RoboForex offers investors access to popular tradable instruments, including Forex (over 40 currency pairs), metals (silver and gold) stocks, indices, commodities, crypto-virtual currencies, crypto-virtual currency indices.
Leverage & Account of RoboForex
To meet different investors' investment needs and experience, RoboForex has set up five different trading accounts: Pro-Standard (minimum deposit of $10/€), Pro-Cent (minimum deposit of $10/€), ECN (minimum deposit of $10/€), Premium (minimum deposit of $10/€) and R Trader (minimum deposit of $100/€). The maximum leverage is 1:2000 for Pro-Standard and Pro-Cent accounts, 1:500 for ECN accounts, and 1:300 for Premium and R Trader accounts.
Spreads & Commission Fees of RoboForex
The minimum spread for Pro-Cent accounts starts from 1.3 pips, and 1.5% of the company's revenue is rebated. For Pro-Standard accounts, the spread starts from 1.3 pips, and up to 15% of the company's revenue is rebated. For ECN accounts, the minimum spread starts from 0.0 pips, and up to 15% of the company's revenue is rebated. The minimum spread for Premium accounts starts from 0.0 pips, and 5% commission is rebated. In R Trader account, a fee of $0.0045 per share (minimum $0.25) is charged for trading US stocks ($10,000 deposit), and $0.02 per share (minimum $1.50 ) for CFDs on US stocks, 0.07% (minimum €/£2.80 fee) for CFDs on EU stocks, 0.30% (minimum $0.01 ) for cryptocurrency trading, $15 fee per million base currency for forex trading, and indices products featuring floating fee (minimum $1).
Trading Platform Applied of RoboForex
Roboforex offers traders a wide range of high-performance trading software, mainly MT4, MT5, cTrader, R Trader, RoboForex terminal. cTrader is suitable for experienced traders and has 54 technical indicators, 14 timetables, secondary pricing, and rare orders. Moreover, it enables traders to access all financial markets worldwide through a WEB terminal using a familiar web browser.
Deposit & Withdrawal of RoboForex
The main deposit and withdrawal methods supported by Roboforex are Bank Transfer SEPA (supporting EUR, no commission for deposits, 1.5% fee for withdrawals), China UnionPay (supporting CNY, no commission for deposits, 1.5% fee for withdrawals), Skrill (supporting EUR & USD, no commission for deposits, 1% fee for withdrawals), NETELLER (supporting EUR & USD, no deposit fee, 1.5% withdrawal fee), AdvCash (no deposit fee, 1% withdrawal fee), Perfect Money (supporting EUR & USD, no deposit fee, 0.5% withdrawal fee), AstroPay (supporting EUR, USD, AUD, RMB, no deposit fee, 0.5% withdrawal fee) (0.5% fee for withdrawals), VISA/MasterCard/JCB (USD, EUR, CHF, GBP, no deposit fee, 2.6% + 1.3USD/1 EUR fee for withdrawals).
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Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.
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