RoboForex Review
RoboForex is a forex broker established in 2009 and regulated by the FSC of Belize (CySEC for its European division). RoboForex is also a member of The Financial Commission organization participating in its €20,000 compensation fund.
RoboForex offers over 12,000 products across Forex, Indexes, Stocks, ETFs, Commodities, and Metals categories.
Accounts can be based in USD, EUR, GOLD, or CNY and allow micro lot trading. Islamic accounts are available.
Trading platforms include MetaTrader 4, MetaTrader 5, and R Stocks Trader; CopyFX platform is offered for copy trading.
RoboForex features building automated trading solutions via R Trader. Other features include VPS service, Analytics Center, and rolling promotions.
Please read RoboForex Reviews below and share live trading experiences with this broker.
RoboForex Ltd is an international broker regulated by the Belize FSC.
RoboMarkets Ltd (ex. RoboForex (CY) Ltd) is a European broker regulated by the CySEC, license No. 191/13.
Broker Details
Minimum Trade Size: | 0.01 |
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Maximum Leverage: | 2000:1 |
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Minimum to Open Live: | $10 |
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Established: | 2009 |
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Address: | 2118 Guava Street, Belama Phase 1, Belize City, Belize |
Contact: | info@roboforex.com, +593 964 256 286 |
Regional offices: | |
Regulators: | FSC #000138/7 |
Prohibited countries: | Show all >> |
Trading platforms: | MT4, MT5, WebTrader, MobileTrader (MobileApp), R Stocks Trader |
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Web Trading: | ✅ Yes |
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Mobile Trading: | ✅ Yes |
ECN: | ✅ Yes |
Currencies: | (30+) |
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Cryptocurrencies: | |
CFD: | (60+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities |
Trading Conditions |
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EAs/Robots: | ✅ Yes |
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News Trading: | ✅ Yes |
Scalping: | ✅ Yes |
Copy Trading: | ✅ Yes |
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Deposit Methods: | VISA, MasterCard, AdvCash, Apple Pay, AstroPay, Boleto, EPS, Giropay, GPay, iDEAL, JCB, Local Bank Transfers, Neteller, PerfectMoney, PSE, QR Payment, SafetyPay, Skrill, SOFORT, Western Union |
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Withdrawal Methods: | VISA, MasterCard, AdvCash, Apple Pay, AstroPay, Boleto, EPS, Giropay, GPay, iDEAL, JCB, Local Bank Transfers, Neteller, PerfectMoney, PSE, QR Payment, SafetyPay, Skrill, SOFORT, Western Union |
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Recent User Reviews of RoboForex
RoboForex makes it impossible to withdraw funds
All I want to do is withdraw my funds and every time RoboForex tells me its my banks fault.
I called my bank and they told me this is not true!
So here I am, after going round in circles with them I am hoping this will attract their attention.
Please do not use RoboForex!!!!
i dont advise opening an account with them
overalll DO NOT OPEN AN AXXPUNT WITH THEM
ATTENTION I AM BEGINNING TO TRADE!
do not deal with roboforex because such brokers will completely spoil your trading psychology! you will never improve with such brokers because they are only trying to make you lose. I will post the video recordings soon to show how much of a fraudulent broker this is! never again roboforex is one of the worst fraud brokers I have met!
Dear M Q.,
Your request for funds withdrawal 25392419 has been rejected due to the following reason:
Please note that your bank cancelled the transaction with the following comment: "Account not Eligible". More details can only be provided by your bank. Kindly use other bank cards or alternative payment systems available in your Members Area, for example, Visa/MasterCard (Refund). If you do not have this payment method, please use other bank cards or alternative payment methods that are available in your Members Area.
1. I have contacted my bank, Santander Bank, they said they haven't cancelled any transactions and my accounts has no restrictions on it.
Yet Roboforex is claiming my bank has cancelled my transaction.
2. They requested I should authorise a new bank card and make another redrawal request. This time, I used a new bank card and made initial deposit with my new card. Roboforex still replied that my bank has cancelled the transaction so I should authorise a new bank card.
3. What I have noticed is that Roboforex you have only 3 options for redrawal and I have tried all but failed. Please help I need to redraw my hard earned money.
Please be informed that a reply has been provided in ticket 1752710. To receive advice on the best way to withdraw funds, please contact the Company’s Payment department via a ticket from your Personal Member Area.
Regards,
RoboForex
Unhappy
I invested money and on other platform had made a profit, here I have the opposite position. Platform is very delay and not agree with the real price. I compared them at the same time, when I should get a profit comparing in real time between tradeview with charts. On jpy/eur was big sell trand, chart in platform was opposite. This is reason to waste money/ I do not recommend them. I want back my money.
We want to assure you that RoboForex is committed to regulatory compliance and fair operations practices, ensuring the fulfillment of financial obligations to all clients. Moreover, our clients can withdraw funds from their accounts with no commissions twice a month.
If you have any complaints about order execution or trading platform operations, please address them to the Company’s Dealing department and describe your issue in a ticket. We will be happy to help!
Regards,
RoboForex
I keep telling all the new and old traders to avoid this roboforex broker completely. Question is why?
Suddenly there was a withdrawl via crypto which was not executed by me, they blocked my account for security reason because they are also confirmed it was not done by me. There was no roboforex withdrawl request mail, just withdrawl execution mail which never happened entirely. They told me it is my fault, i compromise my mail, password. I ask them where is the withdrawl request mail, they r silent.
I wonder if there were thousands, they will just complete their liability saying it's your fault
(the Client bears sole responsibility for the safety of confidential information received from the Company and accepts the risks of financial losses incurred as a result of unauthorized access of third parties to the Client's trading account).
My question is where is the withdrawl request mail. not available. Then i think roboforex has done it. If any traders or hackers did it, there are withdrawl processing.
Its not one click excecution.
Jan 9, 2021 - 1 Star several times deposit problem. now 4 days ongoing. i have deposited via perfect money. but yet not available in my broker account. previously same case. then take 2 days. now 4 days ongoing for another deposit problem.
Reply by Manager RF submitted Jan 11, 2021 Dear forexbosss,
The answer has been provided in the ticket. If you have more questions, please do not hesitate to contact us again.
Regards, RoboForex
Withdrawal issue
Negative swap both ways, big slippage.
This is fully Market Maker.
THIS BROKER HAS also NEGATIVE SWAP for both sides!
This broker has TOP BIG Sllipages and MarkUp...
They has RAW ACC with Triple costs of major brokers ... (commisson +markup+sllipages)
I DO RECOMMEND TO ANY PROFESSIONAL TRADERS with any bigger capital ... maybe ONLY cents accounts
RoboForex is a regulated broker that operates in strict adherence to all legislative and regulatory documents, and has a special brokerage license FSC Belize "Trading in financial and commodity-based derivative instruments and other securities".
Also RoboForex Ltd has received the execution quality certificate Verify My Trade (VMT), confirming its compliance with the strict requirements of the Financial Commission to its members.
In case you have any complaints about order execution, please submit a ticket to the Company’s Dealing department from your Personal Member Area and specify numbers of orders, which, in your opinion, were executed incorrectly. The Company’s staff will check your message and deliver a situationally suitable verdict.
Regards,
RoboForex
roboforex is regret
They asked for all my personal finance information, I just made an investment with my Perfect Money account. Why do you want my bank accounts or inheritance information, these are none of your business, send me my money, close my account, and when I said I don't want to work with you, they stopped responding and I haven't been able to get an answer for days, I can't withdraw my money.
Please note that reply has been given in the ticket you created.
Regards,
RoboForex
Where is my deposit
Roboforex is the worst broker
Dear Aneilton33,
Please note that funds have been credited to your trading account. If you have additional questions, do not hesitate to contact our Support Team. We will be glad to help!
Regards,
RoboForex
Frequently Asked Questions
Is Roboforex a good broker?
Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.
Additionally, we'd recommend to check recent Robo Forex community discussions: https://www.forexpeacearmy.com/community/tags/roboforex.
How do I get Roboforex bonus?
- Open an account. Bonus funds are available for cent and standard MT4/MT5-based accounts with USD or EUR as a base currency.
- Verify your account. Pass the simple verification procedure of your identity, address, and phone number in your Members Area.
- Deposit funds to your account. Deposit at least 10 USD to your account via a bank card.
Does RoboForex allow scalping?
Is RoboForex a market maker?
- Market Maker model applies to all cent accounts. That is RoboForex Ltd serves as a market maker, i.e. the other party of the transaction. This is due to the terms of the liquidity provider, which does not allow transactions fewer than some specific volume.
- STP models applies to all standard and ECN accounts. That is RoboForex applies the STP technology through a bridge connected to a liquidity provider. All transactions that exceed 0.01 lot (1,000 units) are sent to the bridge and then to the liquidity provider. RoboForex receives a part of the spread from each transaction.