Is robo forex legit

The advantage of this platform is the exact transparency of the participants.

No deposit forex bonuses

Trusted RoboForex Broker Review; Scam or not, is robo forex legit.

Discover which trader performs best and assess the risk. You have full control of your account and deposits at all times. In summary, the fees and costs of trading compared to other providers in the low range. In addition, roboforex scores with free and automatic cash withdrawals. From my experience, this broker is one with the best offer for private traders.

Trusted roboforex broker review – scam or not?

You are looking for experiences for forex broker roboforex? – then you are exactly right on this page. The provider has been extensively tested and you will be presented in the following texts the result. Learn more about trading terms and opportunities at roboforex. Is it a serious provider and should you really invest money there? – inform yourself now.

The official homepage of roboforex

What is roboforex? – the broker presented

Roboforex is an international broker trading all types of financial products (over 9,000 markets). The company was founded in 2009 and has a great history to this day. Roboforex ltd has a special brokerage license IFSC belize “trading in financial and commodity-based derivative instruments and other securities” under the number IFSC/60/271/TS. The address is 2118 guava street, belama phase 1, belize city, belize.

The broker roboforex is headquartered in belize and is regulated multiple times (more on that later). According to the website, it can be seen that it is a rapidly expanding company with more than 900,000 customers worldwide. Furthermore, it has multiple awards since 2009 and official sponsorship such as the kickboxing world champion andrei kulebin.

At first glance, it looks like a very diverse broker, because the offer with over 8 asset classes and 9000 markets is overwhelming. Also, the conditions for traders are looking very impressive to us.

Watch our full review video of roboforex:

Facts of the broker:

Founded in 2009

A huge diversity of markets and account types

International forex broker

Roboforex belongs to a big company group based in the EU

Sponsors and awards for the best broker

adress:	phone:	email:	support:
2118 guava street, belama phase 1, belize city, belize	+65 3158 8389	info@roboforex.Com	24/7 phone, email, chat

(risk warning: your capital is at risk)

Roboforex regulation and safety of customer funds

Regulations and licenses are a very important topic in online trading. A trusted forex broker should have a license from an official/government regulator. This creates trust in the customer. The broker must adhere to certain criteria and perform tasks to obtain such a license. A violation of the rules would mean an immediate loss of the license. Fraud with regulated brokers is almost impossible.

As described above, roboforex is regulated and licensed. The broker holds a brokerage license from IFSC in belize for trading in financial derivative instruments and securities numbered IFSC / 60/271 / TS. In addition, roboforex is regulated by the TFC with the “category A”. This is an international license based in hong kong and england. This commission provides neutral arbitration and insurance coverage of up to € 20,000 in the event of an unlikely bankruptcy of the company. The TFC reviews order execution, trading platforms, and other features of the broker.

Not to be forgotten is the security of customer funds. The company strictly keeps its funds separate from client funds from large international and liquid banks. In addition, there is no additional funding and the account is protected against negative balance.

Roboforex is regulated:

Regulated by the IFSC in belize

Regulated by the financial commission category A

Coverage up to 20,000€

Negative balance protection

Review of the conditions for traders

In total, over 9,000 financial products and 8 asset classes are in the broker’s portfolio. This makes a first good impression on us because only a few other brokers in this category offer such a wide range. With 5 trading platforms, the broker is also very broad.

Roboforex offers different account models customized to the trader’s request (read later on this page). From higher deposits (5,000 €) you can, for example, get cheaper fees when trading in the prime account. There are 7 different account currencies available. Another great advantage is that you can create an account and create multiple trading accounts within it. The transfer of funds is very easy.

Roboforex trading conditions

In my experience, the order execution on many assets is very fast. The liquidity is always given, so opening large positions is not a problem. The costs of trading are pretty low and sting the competition. For example, trade forex from 0.0 pip spread. The trading fees always deviate from the account type. The maximum leverage of 1:2000 is extremely high but can be adjusted independently.

In summary, the fees and costs of trading compared to other providers in the low range. In addition, roboforex scores with free and automatic cash withdrawals. From my experience, this broker is one with the best offer for private traders.

Typical spreads in ECN account:

The best conditions for traders:

Trade over 9000 products in 8 asset classes (stocks, commodities, forex, cfds, cryptocurrencies & more)

Spreads from 0.0 pip and 6 different account models

Maximum leverage 1: 2000

Protection against the negative account balance

No fees on deposit and withdrawal (20 different payment methods)

Scalping and expert advisors are allowed

There is an own social trading platform

Bonus program

(risk warning: your capital is at risk)

Review of the platforms of roboforex

In total 4 various trading platforms based on the metatrader are offered for trading. The right apps are also available for smartphones and tablets. It is important to know that not all financial products can be traded on a trading platform. For example, there is a special platform for shares (rtrader).

Roboforex offers versions 4 and 5 of the world’s popular metatrader. This platform has been in use by private traders for years and very much. You have numerous recruitment options there and can freely develop your trading. Adapt the platform to your strategy. Algo trading and automatic robots can be used here.

For better orientation also a multiterminal is offered. This allows you to keep an eye on all trading accounts and conduct professional risk management.

These platforms are available:

Metatrader 4 (forex and cfds)

Metatrader 5 (forex and cfds)

Ctrader (direct STP for forex trading)

R trader (stock trading)

Roboforex terminals (mobile trading)

ECN and STP trading accounts

ECN / STP is direct access to the foreign exchange market through banks or liquidity providers. There are no conflicts of interest between brokers and traders. In addition, the fees are extremely low. Robofx offers ECN or STP access depending on the type of account. Real shares can also be bought from the broker because the company has direct access to the stock market. Unlike a market maker, roboforex rules out fraud, and 100% of the broker earns only through trading fees.

Mobile trading for any device

Mobile trading is becoming increasingly important in the era of digitization. Traders also want to be able to trade the market from unterwegs. With roboforex apps, you can easily open and close positions with your smartphone or tablet. The apps are available for android and ios. Mobile trading completes the broker’s portfolio and is another plus.

Mobile trading on tablet

Professional charting and analysis with roboforex

Technical analysis is the world’s most successful and popular method of trading the markets. To do this you need a lot of different tools. The trading platforms come with an oversupply of indicators, drawing tools, and settings at the start. Use the candlestick display for advanced analysis. Thanks to the candlesticks, you can see, for example, high, low, opening, and closing prices in a certain period of time.

The platforms are so flexible that the analysis of each time unit is possible. There are also a number of technical analysis drawing tools available (horizontal, vertical, and trend lines). Even user-defined indicators, which can be downloaded on the internet or programmed by oneself, can be integrated into the trading platforms.

Use different tools:

Indicators

Technical drawing tools

Different charts

Automatic trading

Social trading

Also, copy trading is offered at roboforex. This is a rarity for forex and CFD brokers nowadays. With the copyfx platform, you can access more than thousands of different traders. The minimum investment here is 100 $. Either you copy other traders or you are copied yourself. If you sign up as a trade you can receive high additional commissions.

The advantage of this platform is the exact transparency of the participants. Discover which trader performs best and assess the risk. You have full control of your account and deposits at all times.

Roboforex social trading:

Copy other traders for free

Registers as a trader and earn additional money

Full control about your money

(risk warning: your capital is at risk)

Easy and fast account opening with roboforex

The account opening is uncomplicated and fast. Create your account with different personal information. Then you will get access to the customer area (picture below). In the customer area, you can manage your account and then create other different trading accounts.

Roboforex offers an unlimited and free demo account for each user. Similar to the live account, you can always create a new demo account in the customer area. Another point is the verification. The broker may only pay out funds to verified customers. We recommend verifying the account before capitalizing. Afterward, you can use all the functions. The verification takes only a few hours and is done with the upload of a passport and proof of residence.

Which account type I should choose? – there is a huge diversity

As already mentioned in the text above, there are more than 6 different account models adapted to the wishes of the trader. This is another big plus for roboforex, as the selection offers traders the opportunity to optimize their trading. It should be noted, however, that not every financial product, such as cryptocurrencies, is available in every account. So it is worth the account models to go through before opening an account.

In the following points we give you an overview of the account types:

Standard account (fix and pro):

Fix spreads starting at 2.0 pips or variable spreads starting at 1.3 pips

Minimum deposit 10$

Maximal leverage 1:2000

Cashback up to 15% of the broker commission

Free withdrawals

Cryptocurrencies only with variable spreads

ECN account:

Fix spreads starting at 1.6 pips and variable spreads starting at 0.0 pips (+commission 4$ per 1 lot+)

Minimum deposit: 10$

Maximal leverage 1:300

Cashback up to 15% of the broker commission

Free withdrawals

Cryptocurrencies only with variable spreads

Prime account:

Variable spreads starting at 0.0 pips

Commission 3.5$ per 1 lot

Minimum deposit 5,000$

Maximal leverage 1:100

Cashback up to 15% of the broker commission

Free withdrawals

Cryptocurrencies

Cent account:

This account is for small investments. The position size is 10 x smaller

Fix spreads starting at 2.0 pips and variable spreads starting 1.3 pips

Minimum deposit 10$

Maximal leverage 1:2000

Cashback up to 15% of the broker commission

Free withdrawals

Rtrader (stock trading)

Spreads starting at 0.0001 USD

0.015 USD commission

Maximal leverage 1:200 (trading hour)

Maximal leverage 1:4 (after trading hour)

Our review of the deposit and withdrawal proof on roboforex

There are over 20 methods available for deposits and withdrawals. Capitalizing on the account should not be a problem. The deposits and withdrawals are also completely free! For those who are not satisfied, roboforex also offers automatic instant payouts. In less than 60 seconds, the application is processed and released. You have 24/7 access to your capital at the broker.

Use credit cards, bank transfer, online transfer, cryptocurrencies, and e-wallets (neteller, skrill, etc.) to capitalize on the trading account. In addition, roboforex has a wallet with which you can save money or carry out transactions. The transactions are very safe and pleasant. There are no hidden costs.

These payment methods are available:

Credit cards (VISA, master card)

Bank wire

E-wallets (skrill, neteller, epayments)

Bitcoin, ethereum, and more cryptocurrencies

Webmoney

Special: you can open a full bitcoin account

Our withdrawal proof:

Some traders claim that forex brokers do not pay out their earnings. In the following picture, we will show you my withdrawal proof with 2 different payment methods. There is no problem with withdrawal money at roboforex.

(risk warning: your capital is at risk)

Roboforex bonus program and special conditions

As one of the few brokers, roboforex offers a very large bonus program, which we will explain to you in the following text. The chance of an extra income or a free gift from the broker is very high. This is true for small accounts as well as large accounts. But you should first remember, the higher your trading volume, the higher the bonus. Roboforex clearly wants to incentivize the client to trade more and invest more money.

Of course, the broker earns more money the higher your trade sum is. Part of the earned money he shares with you in the bonus programs. Take a look at the different bonuses:

Deposit bonus:

Get extra capital when depositing. This can be up to 115% depending on the amount of the deposit. Example: with a 100% bonus on a deposit of 5000 $ you get 5000$€ additional capital. Your balance is then 10,000 $. This allows you to trade with higher risks and higher positions in the market.

The bonus is of course also subject to conditions. You can not pay the entire bonus before a trading volume has been reached. Example: with a bonus of 5000 $ you have to trade a total of 5000 lots so that you can pay out the bonus completely. Although this is a very high sum, in the long run, most traders manage it. The bonus can be deactivated at any time and you can even have your winnings paid off.

Facts of the bonus:

Up to 115% bonus of your deposit

You can deactivate the bonus any time

Withdrawal your earnings and profit

Bonus total = number of required lots for the trading volume to be converted

Cashback for free:

Another great bonus is the cashback program from roboforex. The broker divides the revenue (over the spread) with you. You will be paid an additional fee, which depends on your trading volume. Get back up to 15% of your paid spread. The cashback is then payable at any time and applies to all types of accounts.

Get your cashback:

10 – 1000 lots = 5% cashback

1000 – 3000 lots = 10% cashback

3000 lots and more = 15% cashback

Get more cashback if you are a VIP trader

Up to 10% additional money on your account:

Roboforex tries to protect its customers against inflation and can pay you up to 10% extra return per year. For this purpose, however, a certain volume of trade must be implemented in the account again. The additional money can be withdrawn from the account or used for further trading activities.

Get an additional yield every year (monthly credited):

2,5% = trade 1 – 10 lots

5% = trade 1 – 1000 lots

10% = trade 1000 lots

Become a VIP trader with roboforex

Become a VIP and get additional bonuses from roboforex. The VIP status depends on the amount paid into your account. After you have made a deposit you will receive an automatic email that you have joined the VIP program. The VIP customer can expect higher cashback and possibly higher returns on the account (see picture below). Also, a VIP manager will be provided for you. In addition, you can rent a VPS server cheap to get even better access to the markets.

Review of the customer support and service for traders

Support is available in more than 10 languages for traders by phone, email, whatsapp, chat, and more. It works around the clock (24/7) for roboforex customers, as some markets are also open 24/7 (eg cryptocurrencies). Use the different contact options if you have any questions.

International support is also offered because the roboforex group operates through different branches in the world. You can also reach multi-language-speaking employees by telephone, who have enjoyed a good education and help you directly (we tested by ourselves). In summary, the support is very good and fast for international customers. We have noticed no negative things.

There is also a training center for beginners. There you can watch exact videos on the operation of the trading platforms. If you have further questions, you can join the roboforex forum. Exchange directly with other traders and develop common strategies. The broker also provides daily analyzes and webinars. There is a comprehensive service for traders here.

Facts of the support:

24/7 support in different languages

Phone, email, chat

International support

Roboforex accept international clients (india, africa, asia, indonesia, europe, and more)

Webinars and VIP managers

Our conclusion of the review: is roboforex the best forex broker?

Roboforex gets a very good rating from us on this page. We tested the provider extensively with real money and was surprised by the good conditions.

With a large selection of products and trading platforms, the provider is well-positioned for online trading and stands out from most competitors. The trading fees are very low and you get a quick and direct execution. Also, the bonus program is highly recommended and can generate you an additional income.

In summary, we can recommend the provider, since no fraud has been noticed. Regulations, licenses, and sponsorships make the broker a trusted partner.

RoboForex is a trusted Forex Broker (Stamp)

The advantages:

A regulated and reliable company

International clients are accepted

High leverage is possible (1:2000)

A huge range of markets and assets (more than 9,000)

Free demo account

Start with a small amount of money

Bonus programm

Low spreads and commission

Professional support

With roboforex you get a reliable partner for investing in any financial market. (5 / 5)

Roboforex reviews and comments 2021

This roboforex is a total joke like they are always telling you to submit a claim by creating a ticket, that ticket is going to take forever before they can reply. I have been trying to change my number with no success, last time wanted a withdrawal request cancelled until now no reply.

Junior nyapere 7 january, 2021 reply

Dear junior nyapere, please provide more details relating to your issue to help us find out possible reasons and give a comprehensive answer. Sincerely, roboforex.

Manager RF 11 january, 2021

I'm using roboforex for 3 years. This broker used to be really reliable, like internet say trusted but. For a year ago, things started to happen, visa/mastercard deposit and withdraw is changing all the time. I think those have changed like 4-5 times. Even more of that; now there is no option to deposit and withdraw. Think about that CFD broker with no visa/mastercard option? It is pretty shame that 10 years of experience and not solving card methods. I can't even say a word. Anyway, that is not a main part. Support is completely dead. They are really not that experienced or something. They just answer you in like 15-30 minutes later. Ticket. Again. Very unprofessional answers and services. Yet, withdrawal options were great! Prime account is superior for retail traders. I have been institutional trader (corporate) and retail too. So roboforex is maybe the leader in the world. So here is my suggestion. This broker is definitely not scam but I can't say for real sure because of visa methods. Since visa or master heavily regulated and roboforex is failing on visa side requirements. For 3 years of feeling, this broker is just dying out of market. Lack of support and unprofessional feedback to clients. By the way, their withdraw system is the one you can find on internet. I mean for retailers. I remember that my card withdraw transacted in 3 seconds. In my bank account only in 3 seconds not 2 days or something. So again this broker is not scam at all. Only concern arise when they change something without notice and unprofessional feedback to clients. That is it. Hope I helped people and goodluck with trading. Always follow trend. Account number: 7801601.

Anujin erdenetsogt 21 december, 2020 reply

Dear anujin erdenetsogt, thank you for your feedback. We always strive to increase the efficiency of our operations and activities and valid criticism only helps with that. To get advice on the best way to withdraw funds, please contact the company's payment department via a ticket from your members area. Sincerely, roboforex.

Manager RF 22 december, 2020

I have had some very odd results with this broker. I wouldn't touch them with a barge pole.

Adrian 30 november, 2020 reply

This broker is not good at all, I withdrew some profit, untii now have not recieved. It's too much.

Aaron 17 september, 2020 reply

Dear aaron, unfortunately, your comment contains no data to back up your claims, which is required for handling them. Sincerely, roboforex

Manager RF 18 september, 2020

Trade with 10 dollars for while and you will learn who they really are. They can't be trusted. My account number 21044099.

Saeed 30 august, 2020 reply

Dear saeed, if you have any questions or claims, submit them to the company's live support via a ticket in your members area. Sincerely, roboforex.

Manager RF 2 september, 2020

Closed account suddenly without any reason! Opened account with them one year ago, was positive surprised concerning their professional behavior, no problems, started to make small profits since april - no problems with price, slippage or like that, fast withdrawls minor amounts, (between 30 and 200 EUR), never problems like "i got no money" or "they refuse withdrawal", traded on pro and ECN accounts, deposit bonus allways without problems. Suddenly, one afternoon in august, trading was no more possible, two hedge positions were closed automatically. Next they i got an answer on my request, why trading is not possible. The answer was, they simply decided to terminate the contract without a reason, according to their client agreement: "4.15: the company has the right to terminate this agreement immediately provided that the company informs theclient in writing about it." I dont know untill today, what the real reason is, why they cancelled the account. Don't open account, they may close it when you make profits!

Karl 25 august, 2020 reply

Dear karl. Unfortunately, your feedback contains no data to support your complaints, thus making it impossible for us to handle them. Please write your request to email (please specify your account number) for receiving explanations. Sincerely, roboforex

Manager RF 26 august, 2020

Thats the answer of the account-manager next morning after the day when the trading function was interrupted, main account 20094457: hello! We officially notify you that the company has decided to terminate cooperation with you in accordance with clause 4.15 of the client agreement: 4.15 the company has the right to terminate this agreement immediately provided that the company informs the client in writing about it. Please withdraw the remaining funds from your accounts within the next 10 days. Yours sincerely, roboforex ticket details. Ticket ID:907717, priority:medium, status:closed. Thats a very poor answer. Maybe you here have the eggs to give the real reason, but I really don't think so.

Karl 6 october, 2020

Roboforex, it's your sincere adegbenga omotowoju. I am writing this as regards to what happened to my account recently about $266 was deducted from my account in name low margin level and equity and I was left with only $3 in my account my deposit was $100 my bonus was $30 and that of my profits was $136. Please help.

Adegbenga 25 may, 2020 reply

Dear adegbenga, please, write a ticket on this issue in your members area. Sincerely, roboforex

Manager RF 27 may, 2020

Very clever scammers stole all the money from my and my friends 'accounts on march 6. They have permission to operate only offshore. For deception all their offices closed in russia, in ukraine their activities are prohibited.All trades are imitated, they steal all your money.

Dear vlad. Roboforex is a regulated broker. The company has been in the market for over 10 years gaining the trust and loyalty of its customers and counterparties around the world. We remind you that, there is a high level of risk involved when trading leveraged products such as forex/cfds. You should not risk more than you can afford to lose, it is possible that you may lose the entire amount of your account balance. You should not trade or invest unless you fully understand the true extent of your exposure to the risk of loss. When trading or investing, you must always take into consideration the level of your experience. Sincerely, roboforex

Manager RF 4 may, 2020

My account 22072582-pro-standard-2. I have been trading for them for a while until they scammed my account with 4500$. How did this happen? Check: tuesday 22/04/2020 WTI oil was trading internationally at 9:00 AM GMT at about 12$ per barrel, and that I mean futures, spot prices, averages, and everything. I had enough coverage to support oil at 7$ and shorts on tesla and S&P that will hedge against any drop. But unfortunately, roboforex made bets against their clients and took oil to 3$ while it was trading everywhere for 15$ at the same time. Their charts are there and international prices are well known and available to everyone. After many emails to the dealing department, they said that they cannot do anything as this is an OTC price (which is something not regulated anyway) and their liquidity providers had WTI oil price at 1$. So what roboforex did was taking their clients money taking those positions in WTI for themselves. Those people are in belize and the don't care about your money, they bet against you and you can do nothing. If anyone is asking for details, I can provide a screen record of my whole account and all trades so you can check and make sure by yourself. Thank you

Georgio 22 april, 2020 reply

Dear georgio. Unlike for exchange-traded standardized contracts, there is no single correct price for OTC derivatives offered by various venues. It is, therefore, natural for brokers to have different flows of quotes. This happens because different brokers work with different liquidity providers, who in turn work with their own pools of banks, and other kinds of liquidity sources. You can only expect price equivalence for the very same instrument traded within a regulated market, not for an instrument and its derivative and nor for OTC. This means that the difference in our prices and prices offered by other brokers does not automatically mean that our prices are incorrect. This aspect is also openly and clearly stated in clause 3.11 of the client agreement. It is especially important to keep this in mind when trading instruments such as oil derivatives, as different brokers have different mechanisms towards the pricing of this instrument. As we discussed with you in length during the past few days, the positions you are referring to were closed correctly as the margin level of your account reached the stop out level. Sincerely, roboforex

Manager RF 24 april, 2020

In a few days, roboforex stole money from many people 's accounts, too. From my account 33009838. It is a high qulity scam everything looks like real real broker has a beautiful website support service copying changes in real exchange rates. Depends on what they want to do with your money. Roboforex is an international swindler but banks cannot block transactions with them on the first you agree to user conditions on the second they can block only with the instructions of interpol. Roboforex likes to refer to a license issued in belize she allows activities only offshore oni can learn from legal and financial organizations.

Dear vlad. We remind you that, there is a high level of risk involved when trading leveraged products such as forex/cfds. You should not risk more than you can afford to lose, it is possible that you may lose the entire amount of your account balance. You should not trade or invest unless you fully understand the true extent of your exposure to the risk of loss. When trading or investing, you must always take into consideration the level of your experience. If the risks involved seem unclear to you, please apply to an external professional for an independent advice. Sincerely, roboforex

Manager RF 18 march, 2020

Roboforex is a scam. I had a $100 in my account n i opened a buy position seconds before the event, and as the candle went up n about to triple my account my order disappeared with my $100, the funny part is that i have been using the same format but this time i was in for more profit.

Tefo 31 october, 2019 reply

Dear tefo. Your message contains no data, which is required for a closer study. In case of any complaints against our company's operations and activities, contact our live support in any way that is convenient for you (email, write a ticket in your members area). Sincerely, roboforex

Manager RF 1 november, 2019

First of all this broker has major slippage and completely disregards stoploss during high volatility news and is an overall scam, their phone number isn't even working. As I tried to withdraw my funds yesterday an error message appeared and the has been no correspondence on the matter after multiple phone calls. Don't trust this broker with your money.

Okuhle 14 october, 2019 reply

Dear, okuhle. Your message contains no data, which is required for a closer study. In case of any complaints against our company's operations and activities, contact our live support in any way that is convenient for you (email to ***, write a ticket in your members area). Sincerely, roboforex

Manager RF 14 october, 2019

I am trading for a long time with roboforex. I was a happy trader. Roboforex gave me good service till today. At a sudden they disabled my VPS. I send them proof that the minimum op 3 lot has been achieved. They did not correct it fast but very slow. They bring my account in danger. No change after many chats. The only wat they send is :could you, please, wait. I need to specify the information. It can take some time.We would recommend waiting for a reply in the ticket request you have sent, further information can be provided further there. After that nothing.

Ilone 2 september, 2019 reply

Dear ilone. Please specify your account number and we can give comments about your situation or help you. Sincerely, roboforex

Manager RF 2 september, 2019

Roboforex allowed me to create / order a new VPS. My VPS was closed due to a technical failure. Thanks to the good support from my account manager it worked out well.

Ilone 2 september, 2019

I'm so angry right now! This broker just closed my trade the instant i've just my buy position at 15:29:59,on CADJPY just before news release.And on that instant they closed my trade!! I want my money. The event didnt even move 2 pips against me but they just closed my trade. I'm supposed to be having $1914.45 profit right now but instead im sitting on a -$529.81 for no valid reason. Roboforex I want my money. My account number is 5006873

Dear kabelo, the source of the possible confusion is that you did not take into account the effect of wider than normal spread as well as rapid price changes that are common around the time of major news events. The server logs that we sent you confirm that position 29861960 was closed correctly as a result of a stop out event. If you have any other questions, we will be happy to discuss them in the ticket that you wrote to us earlier. Regards, roboforex

Roboforex support 16 may, 2019

Same thing happened to me, why do they do that? Or is ti because we are using pro standard account types?

Tshepiso 12 august, 2019

Your right there mr they just close ur trades u don't even see a thing during news release

Almalik 23 september, 2019

Good for scalping! I earned at the broker more than $5000 and never had any problem with funds withdrawing, it's always fast. Also, the customer support at roboforex is excellent, very professional and polite managers. Can't complain.

Traderfx 7 july, 2017 reply

I don't understand why is the information about scam often mentioned here? I'm currently using ECN pro account and never had any problem with it. I have what to compare with, for in the recent 4 years I've been trading with several brokers and roboforex trading conditions are very well. Fast order execution is one of the main reason I chose it and how can you say that it's "not fast as it should be"?

Nicolas 30 june, 2017 reply

Don't trust users who say that there are some issues in withdrawing money. I've traded for a long time here and have no complaints about any delays. It depends on how you want to withdraw funds. Wire transfer is the longest one and takes up to 3 business days. Other systems usually take around one day and less.

Daune robinson 29 june, 2017 reply

It was funny to read the beneficial feature of this broker - free withdrawal of funds twice a week. Most brokers refuse the commissions and here I should wait those two magic days to make only one withdrawal free of charge. I doubt it will help because even with fees I had problems paying out and that lasted for almost a week.

Dear mike. Our company constantly improves it's services. If you face with any difficulty, please, don't hesitate to contact us and provide your trading account number. We will do our best to help you. Sincerely, roboforex.

Manager_rf 1 july, 2016

I am here to discuss about a broker roboforex. My roboforex account number is 5161813. This broker is worst broker i have seen they have eaten my profit and my own investment as well i deposit 3k and i earned 6k
but now this broker is not giving me not my profit nor my deposit back. It's been few days now and i am still waiting for withdrawal. This sluggish and dishonest broker transferred my funds in someone else account and now saying that we cant do anything. Even they don't have any regulation so i can claim my funds back. I have never seen this kind of bad brokerage. They have eaten my funds in front of me and now they are just giving me lame excuses.
The thing is i cant do anything i don't know where to go and have my funds back. I am writing here for other peoples .Please do not conduct business with roboforex this broker is scam broker they just want deposit they won't give any withdrawal if you are making money with them.

Masoodhussain 20 june, 2016 reply

Dear masood hussain. The funds were transferred to your account 2774725. This info can always be found in the commentary of the balance operation. Please avoid spreading false and misleading statements about the company. Sincerely, roboforex

Manager_rf 20 june, 2016

Overall this broker has good conditions, suitable platform and good customer support. Account openning are very quick and easy. Also has different bonuses and contests that makes trading even more interesting.

Vovk 11 november, 2015 reply

I'm very satisfied with roboforex so far. Have been trading with them for more than four years. I had to address the customer support only once three years ago to ascertain the details of partnership program. The trading conditions are very comfortable. Never had any problems with profit withdrawal.

Rick 6 october, 2015 reply

Me too, I also using this broker to make money online except liteforex and mayzus. Robo forex pretty fair.

Eko_dedie 26 october, 2015

Roboforex is a very good dealing center. I like its partnership program and the system of trades copying. I'm not yet a highly experienced trader myself, but can select trades to copy from. I try to choose from the top ones and always get some profit as a result.

Kosmos_s 14 september, 2015 reply

It is just a pleasure to trade the ECN accounts with roboforex. The spread is lower on ECN, by the way. I haven't connected my account to the rebate program yet, but I'm going to. Have been trading with the broker for almost half a year so far. Today I've ordered my sixth profit withdrawal, so I'm thinking of going on trading with them for a long time.

Patrick 9 august, 2015 reply

Situation was solved few days ago and money was debeted on your trading account. Problem was from payment system's side. We apologize for this inconvenience.

Manager RF 15 may, 2015 reply

I made a deposit 7 days ago using my credit card ( which is supposed to be processed immediate),the are still not reflecting on my account. I send them emails and proof ( bank statement ) that my bank account credited with the deposit amount and roboforex name on it. The last time they responded was 6 days ago when they said they are investigating. They have not responded to any of my emails after that.

Started to work with roboforex recently, interesting company. Good broker, like them. Very fast withdrawal!

Samir 6 november, 2014 reply

If roboforex almost bankrupt they must stop accept deposits and start only withdrawals! But it seems they really try to escape with all money.

Derick 3 november, 2014 reply

Be careful.
Roboforex is almost bankrupt and under international investigation because of cheating with clients funds and trading.
Here see the articles: anti-roboforex.Com

Jimmy 11 september, 2014 reply

Unfortunately, the "black PR" virus that infected the medium of the forex brokers on the internet has affected and our company.
Undoubtedly, it is very flattering that our company is considered a strong opponent, since we became the object of such obvious informational (or rather dis-informational) blackmail.

Despite this, we are not planning to justify ourselves by the groundless accusations against our company, but they cannot be overlooked and we must give a few appropriate comments:

1. Concerning the before-mentioned website and the published information on it, all we want to say it is that it is a collection of disinformation with unjustified hypothesis and utter lies, without any feasible objectives that are followed by the makers of this resource.

2. The appearance of such information by this time on several internet sites under different nicknames, which use fake IP addresses, indicates that it's obviously done by hired persons and is designed to hurt the company's image in the eyes of the customer, without any argumentation and providing specific facts. The persons who are performing such kind of dis-informational activities should not forget about some very specific sanctions of the criminal law of CIS and european countries that are sure to follow their illegal activities.

We recommend that the administrators of forex-ratings.Com website to check the IP addresses and nicknames, from whom the reports have been sent and draw conclusions and take action.

We sincerely hope that forex-ratings is a well-respected and professional web-resource, and not a place for false and not verified reports, but a platform on which customers can solve a real dispute or make a comment on the work of our company.

3. We are sincerely sorry if the current financial situation of the company forex4you is so badly that she made such a desperate step and has used such a black PR.
It is also possible that everything that happens is planned by third parties in form to cause a conflict between our company and forex4you.

4. The roboforex group of companies are robust, financially stable and smooth day-to-day operations prove it with our actions, not only in words:

- we received the european licence in cyprus and will be announcing in the near future of the second license.
- we are a truly international company and recognized by the clients from over 144 countries.
- we continuously launch new projects to our list of products and services, and only in the past year, we introduced robofx.Com, contestfx.Com, and robooption.Com projects.
- moreover, this month we will be running a new and ambitious project of social trading platform called copyfx.Com, which enjoys great popularity among the customers in the countries of the CIS and russia.

In other words, while other companies make us "black PR" unsuccessfully trying to interfere with our business, we will continue to implement new and even more ambitious and exciting projects.

Best wishes,
roboforex team

Manager_rf 12 september, 2014

Roboforex is strange, they offer COPYFX where u can follow a successful trader automatically. Everytime I subscribe to one of their top rated traders I lose money, it is weird. At last, I opened a cents account (they offer that stupid service) deposited 10 USD which is 1000 cents and had 8USD which is 800 cents, so my balance was 1800 cents approx., I followed their top rated cents trader and lost that too :) U can't win with their COPYFX system, there seems to be something weird and of course there is the usual disclaimer that 'past performance is not indicative of future performance' bla bla bla

Roboforex review – is it a scam or legit broker (2021)

In this roboforex review, we are going to take a look at the offer that this broker prepared for its traders. Roboforex operates on the financial market since 1995. When it comes to trading platforms, the broker features metatrader 5, ctrader and webtrader. The roboforex minimum deposit is 10 USD.

Between 74-89% of retail investor accounts lose money when trading cfds. You should consider whether you can afford to take the high risk of losing your money.

Basic information from this roboforex review

website address:	roboforex.Com
operated by:	robomarkets ltd.
Licensed and authorised by regulatory bodies:	IFSC
supported languages:	english, german, spanish, italian and portuguese
customer support available via:	E-mail, phone, live-chat
contact details:	[email protected] +27875503772
available deposit methods:	bank transfer, VISA, mastercard, epayments, fasapay, neteller, paysec, poli, qiwi, skrill, unionpay, webmoney
available withdrawal methods:	bank transfer, VISA, mastercard, epayments, fasapay, neteller, paysec, poli, qiwi, skrill, unionpay, webmoney
minimum deposit:	10 USD
min. Trade in lots:	0.01
spreads:	typical spread on the currency pair EUR/USD - 1,4 pips * on standard account type
tradable assets:

The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with.

For instance, in the european union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in australia and possibly in other jurisdictions.

Roboforex fees (typical spreads)

We have scanned fees (typical spreads) that roboforex charges when trading popular currency pairs, here is their breakdown in pips.

*typical spreads were recorded on 17.01.2020 at 21:21 for the standard account. Roboforex spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.

Random reviews of competing FX & CFD brokers: invertplus, price markets, ecmtrader and finmaxfx

Frequently asked questions

�� is roboforex a scam?

In accordance with our research, roboforex is a broker licensed and regulated by the IFSC. While it is a good thing that the broker is regulated, the IFSC regulatory agency is in comparison to 1st tier regulatory bodies like the cysec one of the weaker regulatory authorities when it comes to investor protection. In order to be sure that roboforex is not a scam, read our trader reviews and check other popular trading related websites and forums.

�� what is the roboforex minimum deposit?

In order to start trading with roboforex, you have to deposit at least 10 USD.

�� what deposit and withdrawal methods roboforex supports?

We don’t have our own personal experience with roboforex. However, the broker is regulated by the IFSC which does not provide as strong protection to traders as 1st tier regulatory bodies (like the british financial conduct authority). Considering that there are hundreds of brokers with stronger regulation and quite highly possibly with better trading conditions too, it makes little to no sense to trade with roboforex.

Should you be looking for a highly reliable broker featuring forex trading and cfds, you can get your hands on our marketing broker IQ option – 85% of retail CFD accounts lose money , which is a cysec regulated company that allows trading from as little as $10 and charges highly competitive fees on all assets.

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage.

Between 74-89% of retail investor accounts lose money when trading cfds. You should consider whether you can afford to take the high risk of losing your money.

¹ variable spreads, spreads recorded for the EUR/USD on 05.10.2020 at 11:42 GMT.

Tradingbeasts helps individual traders learn how to responsibly trade binary options and cfds. We actively trade, publish educational articles and news. We verify and compare brokerage companies and warn our readers about suspicious projects or scam marketing campaigns. We are also a community of traders that support each other on our daily trading journey.

Disclaimer/disclosure

All information on this website represent subjective views of the authors and they are solely informational. We do not give investment advice. The operator of the website or the authors of the articles do not bear any responsibility for any decisions that visitors may make after reading articles published on the tradingbeasts website. When you trade binary options or cfds products you are exposed to a high risk of loss. We review and rate companies offering trading platforms for binary options and cfds. We do our best to warn people about scams and promote only companies we personally consider to be very good. From some of these companies, we may receive compensation. In order for you to use this website in any manner, please read our disclaimer/disclosure page and privacy policy

Roboforex reviews

45 • average

Write a review

Reviews 45

RUN AWAY .

I've been trading with this broker for a few months now and i could not understand why even the most perfect trade setups, were still losing money ( many many times )

After doing some digging, this broker like many other brokers from banana countries, regulates by their banana institutions have some very sleek internal robot mechanisms like plugins that trade against you all the times, your trades never make it to the main market, it always stays internal and you trade against the broker all the time.

And the broker uses some sick internal plugins that are pre programmed to do sudden increases in spread, very long times executions like 1700 ms hunting your stop loss always by sudden increases of spread, and many many others ways to take your money with a smile on their face, it's like stealing with a smile on their face but made it near impossible to verify.

So long you can't prove it that they are stealing, they will always pose as a fair business

I will never deposit a single cent with this broker or any other banana brokers.

Always choose a broker that is regulated by the FCA

And don't trust the 5 star reviews planted by their banana people, it's a technique they use to bury the bad 1 star reviews, trust the 1 star, there's a reason why people take the time to write them!

Dear client, to help us comment on your feedback, please provide more information, such as numbers of orders and dates when you contacted our live support, or any other relevant details.

One of the best brokers

I've been with this broker for years and I've never had any problem whatsoever. Though I've never made any withdrawals so we'll see. I'm still growing my account and will soon withdraw when it gets bigger. Other upsides with this broker is that they give you rebates from your trading volume every month. They also provide a VPS that you can use for free. The VPS is a bit slow but it's okay for 2 MT4 terminal running on it. They provide the complete package for forex trading. Thanks, roboforex. Never had any issues with you since I started.

AVOID - NOT ABIDING BY LAWS

This company are working and profiting off a fraudster who illegally lost a big investment of mine.
Roboforex done no checks into him to see if he was legally allowed to manage funds for clients or if he was even a registered company in his home country, the UK.

Do not risk your money with a company who does not abide by basic laws and doesnt do background checks into their 'affiliates'.

Dear RYAN, roboforex activity is in full accordance with legislations of the countries where it operates. In case any questions arise, we recommend you to contact our live support in any convenient way (email to info@roboforex.Com, create a ticket in your members area, use phone or messengers).

ACHTUNG: ROBOFOREX BONUS programm NICHT benutzen

ROBOFOREX: attention attention attention attention, DO NOT use the bonus at roboforex. The traderobot uses bonus and deposit together and calculates that he has enough money. But that's not true. As soon as the bonus is negative, all positions with a total loss of the deposited money are closed. Logically, as soon as the deposited money is 100% all, it will be closed. Incidentally, it is a super thought-out business model to take money from people. Participants are then any robot programmers who adapt the money management of the robot so that this process is extremely fast. If you don't want to believe it, take a look at website hanse-gold

ROBOFOREX: achtung achtung achtung achtung, den bonus bei roboforex NICHT benutzen. Der traderobot benutzt bonus und einzahlung zusammen und kalkuliert er habe genug geld. Das stimmt aber nicht. Sobald es mit minus an den bonus geht werden alle positionen mit totalverlust des eingezahlten geldes geschlossen. Logisch, sobald das eingezahlte geld zu 100% alle ist, wird geschlossen. Ist übrigens ein super ausgedachtes geschäftmodel um den leuten das geld abzunehmen. Mitwirkende sind dann noch etwaige robot-programmierer die das money-management des robots dementsprechend anpassen, dass dieser prozess extrem schnell geht. Wer es nicht glauben möchte, googlet mal nach hanse-gold

Hallo, jens zimmermann,
mit dem erhalt von bonusgeldern auf seinem konto, akzeptiert jeder kunde des unternehmens die nutzungsbedingungen. In der von ihnen beschriebenen situation standen die handlungen des unternehmens in voller übereinstimmung mit den regeln des bonusprogramms und können daher keine grundlage für eine beschwerde darstellen. Wenn sie der meinung sind, dass eine professionelle beratung notwendig ist, wenden sie sich bitte per chat an unseren live-support.

Mit freundlichen grüßen,
ihr roboforex

No protection anymore

Dear client.
Roboforex has stopped supporting the RAMM investment platform. The copyfx investment platform is still available for the company's clients. Copyfx is an investment platform for copy trading, thanks to this which simplify the trading process for yourself by copying trades of successful traders, as well as share your own trading experience and get additional profit from it.

Very very good

Very very good , the best in the world

Very good app mobile trading

I have been using roboforex for 3…

I have been using roboforex for 3 months. I think they are good. I have been withdrawn twice and only took 2 days I received the fund in my bank account. The leverage is 1000.1 that is good as well
dong

XXX WORST BROKER EVER THEY CANNOT BE TRUSTED

Had a very bad experience with this broker every time I make deposit it went through but now that I made my profit and try to withdraw my money using the same deposit method and same currency I can not get my money. They only keep saying that the transaction was successful on their end and gave me an ARN code to give to my bank. The people at my bank said that they are on the receiving end and payments are process automatically there is no need for human intervention. All roboforex saying is go to someone competent and they met my obligations on their end. Up to now I can't get my withdrawal of $110 USD. This is a scam broker PLEASE STAY AWAY FROM THEM. I contacted them on the 14th of september ticket id is 924031.

Like I said before my bank told me transaction online is done automatically, there is no need for human intervention. So why is it that you can receive my money using the same payment method but I can't receive my money using the same method?

Dear ian lewis.
Your withdrawal request was executed successfully and funds have been transferred to your payment details. ARN code confirms it. One of bank representatives need to find this transfer in the visa platform.

If you will have more questions feel free to ask them by the tickets.

Dear ian lewis.
Crediting funds to the card make your bank but not roboforex. The transfer is successful and ARN code confirm it. You should to contact your bank one more time to find the transfer. All supporting details and documents have been sent to you in the ticket.

With more than some years of…

With more than some years of cooperation, daily average +15 new client registrations, they have terminated my account with only a simple message of account termination.
Their poor customer support was always compensated by my customer support solutions, so traders were eager to open their trading account through my link to access my services.
Although I have contacted them via different approaches like skype, email and online ticket BUT they didn't answer why they have done that. They have closed the ticket without any reply.
They DO NOT follow their own policy to respect the contract and they regard the traders and ibs as MONEY.

Dear PFOREX.
Your feedback contains no data necessary for us to handle it. The company's right to terminate cooperation is regulated by clause 4.15 of the client agreement.

Excellent overall

I'm here from 2015 and find good, excellent overall. Why someone gave negative rating I could not understand. Hi robo go ahead.

Empty promises, bad faith

The only way to really know who they are is just by trying them with really small amount of money. I signed up and verified my account and when I was about to deposit and claim my bonus and start trading, they called me fraud and said " you can't get the bonus" and when I asked why they literally said, "no reason". Would you ever trust a broker that calls you fraud from the very beginning. That was enough for me to start somewhere else. To really know a broker see how they reply, see how they treat you when you wanna withdraw or when you don't have much money in your account. I am not lying and this is my account number=21044099

Dear saeed fathi,
according to the bonus program rules, the company has the right to deny a client in receiving the bonus. If you believe that the rejection was groundless, create a ticket in your members area that contains reasons why the relevant decision must be revised and submit it to our live support. The company’s staff will check your message and deliver a situationally suitable verdict.

I traded with roboforex for about a…

I traded with roboforex for about a year.
It has earned some profits and so far there has been no problem in withdrawing profits and deposits.
I traded only metal and foreign exchange market.
I don't know what happened with other customers,
but in my case, five stars.

Dear syouke TV.
We’d like to thank you for your positive review of our operations and activities and hope to live up to your expectations in the future.

The offer of a bonus when depositing…

The offer of a bonus when depositing looks good but the small print shows its only good to increase the leverage when trading an not a bonus that you can withdraw. Only if you achieve profit will this benefit a trader.

Don't trust them

I was introduced by a friend but I didn't realize I paid more commission than expected. This because someone introduced me. In addition to this, I doubt they are real ECN how can you go to the markets with 10$ in your account? Stay away

Hello, bryan.
To help us clarify the problem and provide you with the most detailed answer, please contact our live support via a ticket from your members area.

They use your stop loss and T/p…

They use your stop loss and T/p information to act against you. The charts at critical points are different from the market. They increase the spreads dramatically for one second to make you stopped out. I trusted at the beginning but not now.

Dear ali.
Unfortunately, your comment contains no data to back up your claims, which is required for handling them. In case of any specific problems, contact our live support in any way that is convenient for you.

Roboforex is scam!

I have created account in roboforex after seeing that this broker provides low spread and also provide roboforex provide negative balance protection , but when i trade in brent oil i losses my all account balance and also my account balance became -1315 usd .

As shown in roboforex website (negative balance protection
reliable protection of your funds on roboforex accounts

There are situations, when the market volatility prevents clients from keeping their accounts balance in the black. In these cases, roboforex ltd resets their accounts balance to zero.

It happens automatically in cases the client’s account balance becomes negative.) my account balance was not again reset to "0" , afterthat i contact to their live chat so they told me to raise the ticket .

When i raised the ticket i got this reply from roboforex
(negative balance protection is a promotional program and roboforex may exclude particular trading accounts from the participation in this scheme at its own discretion at any time.

In this case, the company has decided to exclude your accounts from this scheme. This decision is final and will not be reversed.

Roboforex review: is roboforex.Com A legit broker or scam?

Roboforex ltd is a brokerage run by roboforex group, an international company. From all indications, it seems to be based in the UK, though not clearly stated. The broker says it has been trading since 2009.

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The page claims that roboforex has spreads from 0 pips and executes orders quickly. A leverage of up to 1:2000 is offered. It trades on EUR, USD, CNY, RUB, BTC, ETH, and gold. There are 8 asset classes offered and an affiliate program of 50% profit sharing.

6 types of accounts are open to clients and they range from a minimum deposit of 10 USD/10 EUR/100 CNY to 5,000 USD. A free demo account is available as well. The website mentions that the broker has 800,000 clients in 169 countries. Also, many awards because of its performances.

Roboforex trading platform

The roboforex trading software is stated to use the MT4, MT5, ctrader, R trader platforms. Most of the accounts however trade on MT4, MT5 and webtrader platforms. This is a big advantage for clients. Spreads differ depending on the account that is being operated.

36 currency pairs, metals, cfds, cryptocurrencies are trading instruments available. Indices, stocks, etfs are also used. The spreads differ and depends on the type of account being run.

Deposits and withdrawal methods on roboforex

The page states that there are over 20 deposit options including; visa, mastercard, skrill, neteller, unionpay, bank wire transfer and many more.

Deposits are made at 0% commission as roboforex claims to cover all expenses. Clients are promised compensation for funds withdrawal twice a month. The withdrawals can be as fast as “within a minute for certain payment methods” according to roboforex.Com

Minimum deposits have been stated above. No mention is made of withdrawal charges.

Is roboforex A licensed broker

Yes. Roboforex belongs to roboforex group as was mentioned in the opening. It is a company regulated by the international financial services commission (IFSC). Their license number is IFSC/60/271/TS.

As a regulated body, misappropriation of funds by this broker will be looked into by the commission.

Support

To contact the customer care agent of this broker, call: +65 3158 8389

Conclusion

Roboforex has a lot going for it. Holding a license from IFSC is a huge advantage and shows your money is safe. The professional way information is given shows that the broker knows the market. The trading platforms it offers and instruments are also good.

The only fishy thing found from our investigation is a negative review on FPA. A chinese investor claims that he was scammed $400k. However, since this is a licensed broker, such huge sum will surely be looked into by the authorities.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at michelin house, 81 fulham road london, SW3 6RD, united kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(financial conduct authority) in the UK well as ASIC in australia which makes client funds safe. They accept traders worldwide.. Visit their official website

DID YOU KNOW!! Most autotrading softwares or robots claiming to turn you into a millionaire overnight are SCAMS. If you are in need of a legitimate software or robot that can help you trade profitably, see our recommendation HERE

so, let's see, what we have: is roboforex a scam or a trusted broker? ✅ honest forex broker review 2021 ✔ withdrawal proof ✔ spreads ✔ bonus ➜ read more at is robo forex legit