RoboForex

RoboForex is a retail forex and CFD broker operating under the trading name of Roboforex Cy Ltd. According to regulatory records, the broker was founded on 13 September 2017 and is registered in Belize at 2118 Guava Street, Belama Phase 1, Belize City. The company’s official domain is roboforex.tw, serving clients primarily through this regional website.

Despite the registration date, the broker’s own marketing materials claim a longer history, stating that RoboForex has been active for over a decade since 2009. This discrepancy is not uncommon among offshore brokers and may reflect a rebrand or the start of operations under a different entity. The broker presents itself as a well-established player in the industry, having introduced various products and services over the years.

RoboForex holds two regulatory licences: one from the National Bank of the Republic of Belarus (NBRB) under a Forex Trading Licence (EP), and another from the Cyprus Securities and Exchange Commission (CySEC) for Market Making (MM). However, the known facts do not indicate the current status of these licences—both are listed without a status update.

The CySEC licence, in particular, is associated with the European regulatory framework and offers a degree of oversight, but the broker’s primary registration in Belize means it operates from a jurisdiction with relatively lax financial regulations. Traders should be aware that the NBRB licence covers activities in Belarus, which may not provide the same level of investor protection as top-tier regulators like the FCA or ASIC.

RoboForex offers five distinct account types to cater to different trading styles and experience levels. The R StocksTrader account has a minimum deposit of 100 USD and a maximum leverage of 1:500, designed for traders focused on stock and ETF markets. The Pro and ProCent accounts require only 10 USD/EUR and offer the highest leverage of 1:2000, making them accessible to beginners and those with small capital.

The Prime account, also with a 10 USD/EUR minimum, provides lower leverage at 1:300, which may appeal to more conservative traders. The ECN account, likewise starting at 10 USD/EUR, offers leverage up to 1:500 and likely features direct market access with tighter spreads. The availability of a cent account (ProCent) indicates the broker targets retail clients who wish to trade with minimal risk exposure.

The broker claims to offer over 12,000 trading instruments, covering a broad range of asset classes. These include indices, real stocks, CFDs on stocks, currencies and ETFs, as well as CFDs on oil, metals, and futures. Such a vast product suite is unusual for a retail broker and positions RoboForex as a multi-asset platform.

The inclusion of real stocks suggests that clients can buy and hold actual shares, not just derivatives, though the exact execution model is not detailed in the known facts. The availability of currency pairs and commodity CFDs aligns with the broker’s primary identity as a forex and CFD provider.

RoboForex maintains a presence on several social media platforms, including Facebook, Instagram, Twitter/X, and YouTube. This suggests an active marketing strategy and a desire to engage with a broad audience of retail traders.

While social media can indicate a legitimate business, it does not substitute for regulatory oversight. Traders should verify the broker’s claims independently through official channels.

FXCanary’s Scam Risk Score for RoboForex is 47 out of 100, placing it in the “Guarded” category. This score reflects the broker’s offshore registration, the limited disclosure of regulatory status, and the absence of independent user reviews to validate its operational reliability.

The high leverage options, particularly 1:2000, can amplify both gains and losses, and such offers are typical of brokers targeting risk-tolerant traders. The lack of publicly available fee information and execution details adds to the uncertainty. Traders are advised to exercise caution and conduct thorough due diligence before committing funds.