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, Cryptocurrencies, 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.
|Minimum Trade Size:||0.01|
|Minimum to Open Live:||$10|
|Address:||2118 Guava Street, Belama Phase 1, Belize City, Belize|
|Contact:||firstname.lastname@example.org, +593 964 256 286|
|Prohibited countries:||Show all >>|
|Trading platforms:||MT4, MT5, WebTrader, MobileTrader (MobileApp), R Stocks Trader|
|Web Trading:||✅ Yes|
|Mobile Trading:||✅ Yes|
|CFD:||(60+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Oil, Other Commodities|
|News Trading:||✅ Yes|
|Copy Trading:||✅ Yes|
|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|
|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|
Recent User Reviews of RoboForex
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.
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.
Where is my deposit
Roboforex is the worst broker
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!
They keep blamming ME for them not bein able to answer me what i need for 2 MONTHS NOW.
I opened a new ticket 1 week ago and is not even answered by the auto message.
They tend to do this when is withdraw related; whenever i have to deposit i get answers every dmn second.
Their excuse is that the money i have in roboforex is my bank issue? like they dont even read the text you writte in their tickets.
I would highly recommend avoiding this broker. Theres better cent accounts for expert advisor and nothing else is better than exness, fbs or icmarkets.
I trade same in 4 different brokers and only this B tier level broker is giving me issues with something so unrelated.. i wasnt even planning to withdraw but after bein called a liar and being abussed by customer service trolling, im out. I got clients to protect and you can see in the answer at FPA how they love to lie. They do have a system that tags your strategies based in formulas they already provided to me in previous tickewts.. they even "" say they will update that so it doesnt show (thei risk meassure) where you can see, is still there.
Also, withdraws are taken as loss while deposits as proffit. Thas how pavekludo and other tradewrs blew millions of users accounts backed by roboforex. They only care about the commissions, once the trader or investors have issues they will blame you and avoid you until you desist.
They can answer as much as they want, i have all the facts and every answer from them is a lie. In some week ill have enough material to prove my case - around 3 months not having a decent reply back is enough to prove the scamm they are.
Keep posting at FB your opinions and wait for the video at YTB channel.
Cheers and be careful- 1/10 with this broker regulated at CHIPRE!
Apr 20, 2023 - 1 Star Customer service are bots, they only copy paste random asnwers that had nothing to do with your issues after tacking 3-4 days to answer.
Ive been trying to deal with some issues for alsmot 3 weeks and the only solutions i receive from customer service is the same copy paste ALL THE TIME. Funny thing is they answer the exact same thing and yet they claim is my fault.
Imagine im asking for oranges to an orange company and they are telling me to **** off. Pretty much how roboforex rolls.
It used to be a good broker but they dont care anything no more.
Coypy fx system is pure scamm. They have a risk measure, like how they can measure a strategy risk with 10 trdes? literally only information they have is 10 trades and they label strategies. Why is this important? because they label as low risk a lot of strategies with a lot of clients, that are making insane returns like 100% every month just to end up blowing MILLIONS in minutes. They seem to be promoting this constant.
For example, in my account they take withdraws as LOOSES like wtf! Im +12% and mql shows that and copyfx shows im -12 like in what world this is something logical? if account havent closed any loosing trade, why you modify the indicator.
In general, is a broker that lost all the good things that they had over the prime brokers, so theres no need to risk your money. At the end if you have an issue roboforex answer you that is not their problem and the answer is final.
im an algo trader since 2018 and i can tell you, theres tons of better options.
Reply by Manager RF submitted Apr 28, 2023 Dear yagamilw,
We are very sorry to hear about your trading failures, but we would like to emphasize that our company offers all clients the transparent trading opportunities, and the outcome is solely dependent on the proficiency and experience of the trader. Copy trading services present additional risks to your investment due to the nature of these products.
Please note that we do not comment on trading strategies or evaluate them, except for the statistical parameters indicated on our website, and we are responsible for the correct functioning of technical features.
In case the risks involved are not apparent to you, we suggest seeking independent advice from an external specialist.
If you have any questions about the execution of orders, please contact the Dealing Department via a ticket from your Personal Member Area. We will also be grateful if you send your suggestions for improving the functioning and features of the CopyFX System Rating to email@example.com.
Please note that detailed explanation has been given in ticket 1541925.
Your feedback contains no data necessary for us to handle it. To get advice on the best way to withdraw funds, please contact the Company’s Payment department via a ticket from your Members Area. We will be very pleased to help you!
Freeze trades, won't pay the fair trade !!!
When I finally made some profits with my trades everything froze I couldn't close them, I called the support to solve the problem so I won't lose profits.I finally managed to close them but the price already changed so i lost some, I said okay I understand even I lose 100$ +, but one trade on SELL was 10868.0, and i got -9.7 but at that hour the price was near 10400 so it should be 300$+, and they won't pay my fair price , and they barely answer and always close the ticket, they gave me the 9.7 back like yes that is the same thing as 300$+. If the trades would froze and the price went in the other direction they would take all the money in a second but when I make profits they won't pay the fair price !!!
So DON'T use this BROKER !!! You can find another one that is better than this one with better spreads ,services and that are fair !!!
Our Live Support provided the answer to your claim in the ticket you've created, which contains all information on the studied situation. In case you have any new data or detail that may be useful in reviewing your claim, please send it to our Live Support via a ticket from your Members Area. Thank you for your cooperation.
They blocked my account when trying to associate my phone number
We always strive to improve the quality of our services and will surely handle your situation. We'll be grateful if you please contact our Support Service via a ticket from your Personal Account and describe in detail with the reasons you gave negative remarks.
One of the Best !!
Bad trading conditions
The broker roboforex closed my trades
I guess they doubled the spreads several times to get trades to close even though the price changed direction.
Also in the second pair the price changed direction before the closing of the deals !!
They do not want to return the money to me and in chat they register me 3 days to wait and after that they send me the deals and give unclear excuses why they closed even though the price changed direction !!
I know I was in high leverage but you can see that my trades closed after 1:26 minutes that the price started to change direction.
I need help getting my money back in this 1.5 years unemployment benefit.
I deposited $ 2000 there and they gave me a 100% "bonus" and turned the account into a cent account
Our Live Support provided the answer to your claim in the ticket, which contains all information on the studied situation. Recently, there hasn’t been any new data that may help the Company to revise its stance on the issue. If you have any further questions with anything, please contact our 24/7 Customer Support.
Worst trading conditions ever
The execution times that should be instantaneous in some cases even reach several minutes. It's really true, you have an order and it opens or closes even 4 minutes after it hits that level. Exceeding 2 or 3 seconds is already at the limit, but several minutes is unacceptable. So it is impossible to work on timeframes below the daily, like working with an EA too.
The spread is normal and the internal VPS service is really bad. It crashes often and you have to reset everything every time.
It has micro accounts and has an interesting internal copy trading service but it is useless if the conditions of automatic trading, scalping or working on M1, M5 or H1 are impossible.
I do not recommend anyone to rely on this broker.
Your message contains no data necessary for closer study. In case you have any complaints about order execution or trading platform operations, you can address them to the Company’s Dealing department and describe your issue in a ticket.
Increase in wihdrawal time
Widen spread to 150 pips to make the clientes lose.
Do you believe that this broker widens the spread of the pair EURNZD in 150 pips?? And if I say that this spread up was in less than 2 seconds, do you believe it?? They are the kind of scammer that can make it!! They just do it quickly just to catch the accounts that they want to scam. If you make money, they will try to destroy you.
150 pips can make you rich or make you lose everything. And this broker loves to make you lose everything......
The average spread for the pair EURNZD is 2.3 on ECN accounts, so which marketing conditions can make it jump by almost 70 times higher???
Go to another broker, get away from this.........
I contacted them and they just said that spreads are variable and depend on market conditions (period!!). Again, which market condition can spread up 70 times higher?
They will reply here asking my account number..... but they have it and knows exactly which case I am talking about. It happened on the 23rd of August 2021 - 22pm broker time.
ROBOFOREX manipulated Price Action
The answer has been given in the ticket you created.
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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.