About RoboForex
General Information
RoboForex is a forex and CFD broker registered in Belize, having been established in 2009. The broker operates under the trading name RoboForex Cy Ltd and is headquartered at 2118 Guava Street, Belama Phase 1, Belize City, Belize. It serves retail and professional traders globally, offering a range of account types and high leverage options.
The broker holds regulatory licences from the National Bank of the Republic of Belarus (NBRB) and the Cyprus Securities and Exchange Commission (CySEC). The NBRB licence is for forex trading activities, while the CySEC licence permits market making under the Markets in Financial Instruments Directive (MiFID). The status of these licences is not specified in the available records.
Account Types and Trading Conditions
RoboForex provides five main account types designed to suit different trading preferences. The R StocksTrader account requires a minimum deposit of $100 and offers maximum leverage of 1:500, focusing on stock and ETF trading. The Pro and ProCent accounts have a minimum deposit of 10 USD/EUR and offer the highest leverage of 1:2000, appealing to high-risk traders.
The Prime account also requires a minimum deposit of 10 USD/EUR but caps leverage at 1:300, suitable for more conservative traders. The ECN account has a minimum deposit of 10 USD/EUR and leverage up to 1:500, providing direct market access with tighter spreads. Each account type has distinct features, though specific spreads and commissions are not detailed in the available data.
Trading Instruments
The broker claims to offer over 12,000 trading instruments, covering a broad spectrum of asset classes. These include indices, real stocks, CFDs on stocks, currencies, ETFs, CFDs on oil, metals, and futures. Such a wide range allows traders to diversify their portfolios across different markets and sectors.
RoboForex supports popular trading platforms including MetaTrader 4, MetaTrader 5, and its proprietary R StocksTrader platform. These platforms provide advanced charting, automated trading via Expert Advisors, and mobile trading capabilities. The broker also offers a negative balance guarantee, which it claims protects traders from losing more than their deposited funds.
Regulatory and Licensing Status
RoboForex holds regulatory authorisations from two entities: the National Bank of the Republic of Belarus (NBRB) under a Forex Trading License, and the Cyprus Securities and Exchange Commission (CySEC) under a Market Making license. The specific registration numbers and statuses of these licences are not confirmed in the available records.
The broker's registration in Belize places it outside major regulatory frameworks like the FCA or ASIC, which may affect client fund protection and dispute resolution. Traders should verify the current licence status with the respective regulators directly before engaging with the broker.
Client Support and Presence
RoboForex maintains an active social media presence on Facebook, Instagram, Twitter/X, and YouTube, offering client support and educational content. The broker's official domain is roboforex.tw, which suggests a focus on the Taiwanese market, though services are available to clients from various jurisdictions.
As of the latest records, the broker has no independent user reviews on FXCanary. This lack of trader feedback means potential clients should exercise caution and conduct thorough due diligence. Aggregated industry data may provide additional insights but is not directly referenced here.
Overview compiled by FXCanary from regulatory records and public data. full RoboForex review