Is RoboForex Regulated? Breaking Down Licenses and Safety

RoboForex is a global FX and CFD broker that provides online trading services to clients worldwide. With low spreads and fast execution on a MetaTrader platform, RoboForex appeals to active traders seeking a reputable broker.

But an important question for any broker is – is RoboForex regulated?

Regulation provides oversight and protects traders, so it’s critical to understand a broker’s licenses.

This comprehensive guide examines RoboForex’s regulation and safety for trading. We’ll cover:

  • RoboForex Regulation and Licenses
  • Legal Entities and Corporate Structure
  • Client Asset Segregation and Protection
  • Trading Platforms and Tools
  • Spreads, Fees, and Account Options
  • Pros and Cons of RoboForex

RoboForex Regulation and Licenses

RoboForex holds Belize FSC license No. 000138/437.

Client Asset Segregation and Protection

An important aspect of regulation is how brokers handle client money.

RoboForex states that client funds are held in segregated accounts separate from company funds. Key points:

  • international clients, funds are held in reputable global banks under SVG regulation. Banks used include Barclays, Raiffeisen, and JPMorgan Chase.
  • European clients have funds segregated in EU banks under rules. Banks include BNP Paribas and JPMorgan Chase.
  • South African clients have ZAR accounts segregated locally under regulation.

Segregating client assets provides protection in case RoboForex as a company fails. Deposited trading funds should remain intact.

However, RoboForex does not provide negative balance protection. This means trader losses could exceed deposited margins, especially when using leverage on CFDs. Clients are liable for all trading losses.

Trading Platforms and Tools

RoboForex offers all traders access to the popular MetaTrader suite of platforms:

  • MetaTrader 4 (MT4) – The industry standard for Forex and CFDs trading. MT4 provides charting, analysis, Expert Advisors (EAs), and mobile apps.
  • MetaTrader 5 (MT5) – An enhanced platform with more indicators, timeframes, order types, and instruments like stocks and futures.
  • WebTraderMT4 and MT5 web browser platforms. Useful for accessing accounts online without downloading software.

For platform tools, RoboForex offers:

  • Over 50 technical indicators and charts on MT4/MT5.
  • Market analysis from Trading Central and FXStreet.
  • VPS hosting services for running EAs and algorithms 24/7.
  • currency trading on MT5 via Liquidity Formula.
  • PAMM investment funds allow copied trades or investment in top trader strategies.

So RoboForex provides professional trading platforms expected from a Forex/CFD broker. The MT4/MT5 combo covers most traders’ needs.

Spreads, Fees, and Account Options

RoboForex offers competitive spreads averaging 0.4 pips on EUR/USD for Pro accounts. More account types include:

AccountMinimum DepositSpread EUR/USDCommission per lot
Pro-Cent$101.7 pips$7 per lot
Pro-Standard$1000.4 pips$3.5 per lot
ECN$100From 0 pips$3.5 per lot
Prime$20,000From 0 pips$2.2 per lot

Beyond spreads, RoboForex charges these additional fees:

  • Inactivity fee: $5 per month after 3 months inactive.
  • Withdrawal fee: 2% for bank or e-wallets.
  • Overnight carry fees on leveraged positions.

Islamic (swap-free) accounts and demo accounts are also available.

Overall, costs are competitive but check all RoboForex fees before opening an account.

Pros of Trading with RoboForex

RoboForex provides these advantages for active trading:

  • Tight spreads from 0 pips on ECN account makes scalping viable.
  • Fast execution with bridging to multiple liquidity providers.
  • Robust platforms in MetaTrader 4 and MetaTrader 5.
  • Access to global markets including currencies.
  • Useful account options for clients of all sizes and strategies.

For new traders, RoboForex offers:

Regulation in multiple jurisdictions worldwide also provides traders expanded safety.

Cons of Trading with RoboForex

However, there are a few drawbacks to consider:

  • Primary regulation in Saint Vincent and the Grenadines provides limited oversight.
  • No guaranteed stop loss option to limit downside risk.
  • High withdrawal and conversion fees on some payment methods.
  • Limited market research and tools compared to larger brokers.
  • Short operating history starting 2009 compared to competitors.

As with any broker, traders should evaluate if RoboForex meets their specific trading requirements.

Is RoboForex Regulated – Conclusion

RoboForex holds licenses from Belize FSC license No. 000138/437.

For optimal safety, traders should use locally regulated RoboForex entities where available. Verify client asset segregation methods and understand all broker risks.

While RoboForex is not uncertified, traders should do due diligence on regulation in their jurisdiction. Safety standards can differ greatly between offshore centers and onshore regulators.

Overall, RoboForex offers competitive trading conditions but lacks highest-tier regulation for a broker of its size. As with any broker, funds protection remains a top priority.

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Frequently Asked Questions

Is RoboForex properly regulated?

RoboForex does hold legal licenses in multiple regions. But its primarily holds Belize FSC license No. 000138/437.

What licenses does RoboForex hold?

Main licenses are Belize FSC license No. 000138/437

How does RoboForex protect client funds?

Client assets are segregated from company funds and held in reputable global banks. But traders are liable for all losses beyond deposits. Negative balance protection is not guaranteed.

Is RoboForex safe for trading?

RoboForex offers a well-equipped trading platform and competitive conditions. But regulation differs across jurisdictions. Traders should understand their protections and risks fully.

Can I trade currency on RoboForex?

Yes, RoboForex offers trading including Bitcoin, Ethereum, Litecoin, Ripple, and others through their Liquidity Formula partnership, are traded as CFDs on the MetaTrader 5 platform.

Is there an RoboForex bonus or promotion?

RoboForex offers a 30% first deposit bonus up to $500 for new accounts. Other promotions include a $5 no-deposit bonus, referral bonuses, and trading contests with cash prizes. Competitions run regularly.

Best and Most Trusted Forex Brokers

Based on regulation, award recognition, mainstream credibility, and overwhelmingly positive client feedback, these six brokers stand out for their sterling reputations:

NoBrokerRegulationMin. DepositPlatformsAccount TypesOfferOpen New Account
1.RoboForexFSC Belize$10MT4, MT5, RTraderStandard, Cent, Zero SpreadWelcome Bonus $30Open RoboForex Account
2.AvaTradeASIC, FSCA$100MT4, MT5Standard, Cent, Zero SpreadTop Forex BrokerOpen AvaTrade Account
3.ExnessFCA, CySEC$1MT4, MT5Standard, Cent, Zero SpreadFree VPSOpen Exness Account
4.XMASIC, CySEC, FCA$5MT4, MT5Standard, Micro, Zero Spread20% Deposit BonusOpen XM Account
5.ICMarketsSeychelles FSA$200MT4, MT5, CTraderStandard, Zero SpreadBest Paypal BrokerOpen ICMarkets Account
6.XBTFXASIC, CySEC, FCA$10MT4, MT5Standard, Zero SpreadBest USA BrokerOpen XBTFX Account
7.VantageASIC, CySEC, FCA$50MT4, MT5Standard, Cent, Zero Spread20% Deposit BonusOpen Vantage Account
8.FXTMFSC Mauritius$10MT4, MT5Standard, Micro, Zero SpreadWelcome Bonus $50Open FXTM Account
9.FBSASIC, CySEC, FCA$5MT4, MT5Standard, Cent, Zero Spread100% Deposit BonusOpen FBS Account
10.BinanceDASP$10Binance PlatformsN/ABest Crypto BrokerOpen Binance Account
11.TradingViewUnregulatedFreeTradingViewN/ABest Trading PlatformOpen TradingView Account

“If you don't find a way to make money while you sleep, you will work until you die.”

- Warren Buffett

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