Risk Management Index
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.
License Type:Market Making(MM)
Regulated in Country/AreaCyprus
Regulatory License No.：191/13
Email Address of Licensed Institution :email@example.com
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :Arch. Makarios III Avenue 171, 8th floor, 3127, Limassol
Phone Number of Licensed Institution :35725262660
Most visited countries/areas
The data are from WIKI Research 2021.09.21 updated
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General Information & Regulation
Established in 2012, RoboMarkets Ltd (ex. RoboForex (CY) Ltd) is a European broker offering investors access to 8 asset classes and over 12,000 trading instruments. In addition to this, Robomarkets' professional clients have access to a professional trading platform and cutting-edge proprietary technology and are provided with 24/7 service. Robomarkets Ltd. is currently authorized and regulated by CySEC in Cyprus (license number: 191/13).
With Robomarkets, traders can trade a series of financial instruments including Forex currency pairs, indices, stocks, metals, exchange-traded funds, commodities, and energy.
To meet different investors' investment needs and trading experience, Robomarkets offers five different account types, namely, the Prime Account, ECN Account, Pro Cent Account, Pro Account, and R Trader Account. The minimum initial deposit for all trading accounts is $100/100€/100£, reasonable for most regular traders to get started.
As an EU-regulated broker, the CEO has ensured that leverage is capped at 1:30 for retail clients. Margin requirements may also vary based on trader experience and knowledge. This is determined at the registration stage.
The maximum leverage rates available are:
Equities – 1:5
Commodities – 1:10
Major forex pairs – 1:30
Minor forex pairs and indices – 1:20
Note, professional traders can qualify for leverage up to 1:300
Spreads & Commissions
Some major average spreads are 3.1 pips on AUDCAD, 2.0 pips on GBPUSD, 1.6 pips on EURGBP, 1.3 pips on EURUSD in the ProCent account. The spreads on the Pro account is almost same as the ProCent account. No additional commissions are required for these two accounts. Major currency pairs spreads start from 0 pips on the ECN and Prime accounts, with commissions of 10 mio ( 10 USD per million) and 20 mio (10 USD per million) , respectively.
Robomarkets offers traders a variety of trading platform options, including MT4, MT5, R Trader, and Robomarkets Terminal. MT4 & MT5 are two of the most famous trading platforms with powerful charting tools, a large number of technical indicators, allowing running automated trading via EA. R Trader is a brand new trading platform with powerful desktop features, advanced chart exploration, the ability to trade over 12,000 instruments, build automated strategies, and more.
Deposit and withdrawal
Robomarkets supports traders to deposit and withdraw funds from their investment accounts through a range of convenient payment methods, such as wire transfer, GiroPay, Trustly, Sofort, PayPal, WebMoney, Skrill, FasaPay, Neteller, Visa/MasterCard, etc. You can withdraw and deposit funds to your investment account.
Opening hours vary by instrument. The forex market is open 24/5, Monday to Friday. RoboMarkets terminals operate on a UTC +2 server time. A calendar with details of market holidays is published on the brokers website
Users can get in touch with the customer support team 24/7 via online contact form, email – firstname.lastname@example.org, live chat, English telephone – +357 25 123275 (visit the brokers website for the helplines in other languages). A comprehensive FAQ section is also available for traders to get some basic answers.
The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
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.