Search

For more information about RoboForex Forex Broker company profile, come to WikiBit!

Rating Index

Pros

Wide range of trading instruments available, including over 12,000 assets.
Low minimum deposit requirement of $10, making it accessible for beginner traders.
Competitive trading conditions with tight spreads starting from 0 pips and high leverage options up to 1:2000.

Cons

Limited number of currency pairs available, which may not satisfy traders looking for diversity.
Lack of tier-1 regulatory oversight, potentially raising concerns for risk-averse traders.
Withdrawal fees may apply, which can add to the overall cost of trading.

RoboForex Company

RoboForex Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

RoboForex was established in 2009, emerging as a financial brokerage company focused on providing trading services across various financial markets. The company aims to cater to both novice and experienced traders by offering a diverse range of trading instruments and competitive trading conditions.

Parent Company/Owership Structure

RoboForex operates as an independent brokerage firm. It is owned by RoboForex Group, which is a group of companies providing financial services globally. The ownership structure is designed to support its operations across different countries while maintaining compliance with international regulations.

Headquarters Location

The company is headquartered in Belize, with its registered address at 2118 Guava Street, Belama Phase 1, Belize City, Belize. This location allows RoboForex to operate under the regulatory framework of the International Financial Services Commission (IFSC) of Belize.

Global Business Scope

RoboForex has established a global presence, offering its services to clients in various regions, including Europe, Asia, and Africa. The brokerage provides access to a wide range of financial instruments, including forex, stocks, commodities, and cryptocurrencies, allowing traders to diversify their portfolios.

Main Regulatory Bodies

RoboForex is regulated by the Financial Services Commission (FSC) of Belize, holding license number 000138/7. The company also participates in the Financial Commission, an international organization that provides dispute resolution services for traders and brokers.

2. Company History and Development

Key Milestones

  • 2009: RoboForex was founded, offering forex trading services.
  • 2010: The company launched its first trading platform, MetaTrader 4 (MT4), which has since become a popular choice among traders.
  • 2014: RoboForex expanded its service offerings to include CFDs and commodities trading.
  • 2018: The launch of the R StockTrader platform allowed clients to trade real stocks and ETFs.
  • 2021: RoboForex introduced new account types and enhanced trading conditions, further solidifying its position in the market.

Business Expansion Journey

Over the years, RoboForex has expanded its service offerings and enhanced its trading platforms. The company has introduced several account types, including Prime, ECN, Pro, and Pro-Cent accounts, catering to various trading strategies and preferences. This expansion has allowed RoboForex to attract a diverse client base and increase its market share.

Customer Base Growth

RoboForex has witnessed significant growth in its customer base since its inception. The company serves millions of clients worldwide, ranging from retail traders to institutional investors. This growth can be attributed to its commitment to providing competitive trading conditions, a wide range of financial instruments, and robust customer support.

Platform Development History

RoboForex has continuously developed its trading platforms to meet the evolving needs of its clients. The introduction of MetaTrader 5 (MT5) and the proprietary R StockTrader platform has enhanced the trading experience, offering advanced features and tools for traders. The company also provides mobile trading applications for convenient access to trading services.

Important Awards or Recognitions Received

RoboForex has received numerous awards for its services and innovations in the financial industry. Notable recognitions include:

  • Best Mobile Trading App (GF Awards - B2B, 2023)
  • Most Trusted Broker (International Business Magazine Awards, 2022)
  • Most Transparent Broker (World Economic Magazine Awards, 2022)

3. Trading Services Offered

Forex Trading Options

RoboForex offers an extensive selection of over 40 currency pairs, including major pairs such as EUR/USD, USD/JPY, and GBP/USD. The brokerage provides competitive spreads starting from 0 pips, enabling traders to capitalize on market movements effectively.

Stock Trading Options

Through the R StockTrader platform, RoboForex clients can access more than 12,000 stocks from various global exchanges, including NASDAQ and NYSE. This extensive stock offering allows traders to diversify their investments and participate in the stock market.

CFD Trading Products

RoboForex provides a range of CFDs, including indices, commodities, and cryptocurrencies. This allows traders to speculate on price movements without owning the underlying assets. The brokerage offers CFDs on major indices, oil, and precious metals, among others.

Other Financial Instruments

In addition to forex and stocks, RoboForex offers trading in cryptocurrencies, such as Bitcoin and Ethereum, as well as commodities like gold and oil. This diverse range of instruments enables traders to implement various trading strategies and hedge against market risks.

Special Services or Unique Advantages

RoboForex distinguishes itself by offering several unique advantages, including:

  • High Leverage: Clients can access leverage of up to 1:2000, depending on the account type.
  • Cashback Programs: Traders can benefit from cashback (rebates) of up to 10% on their trading volume, enhancing overall profitability.
  • Negative Balance Protection: This feature ensures that clients do not lose more than their deposited funds, providing an additional layer of security.

Detailed Regulatory Information

RoboForex is regulated by the following bodies:

  • Financial Services Commission (FSC) of Belize: License number 000138/7.
  • Financial Commission: An independent self-regulatory organization that provides dispute resolution services.

RoboForex operates through various legal entities based on the regulatory requirements of different regions. The primary entity is RoboForex Ltd., which is registered in Belize. The company also has a presence in other countries, adhering to local regulations.

Client Fund Protection Measures

The company implements several measures to protect client funds, including:

  • Segregated Accounts: Client funds are held in separate accounts from the company's operational funds.
  • Negative Balance Protection: Ensures that clients cannot lose more than their deposited amounts.
  • Civil Liability Insurance: Coverage of up to €2,500,000 for client funds.

Countries/Regions Served

RoboForex serves clients globally, with a focus on regions such as Europe, Asia, and Africa. However, it does not accept clients from certain countries, including the USA, Japan, and Russia, due to regulatory restrictions.

Compliance History

RoboForex maintains a strong compliance record, adhering to the regulations set forth by the FSC and the Financial Commission. The company has implemented measures to ensure transparency and accountability in its operations.

5. Competitive Landscape

3-5 Main Competitors

RoboForex competes with several other brokerage firms in the financial industry, including:

  • IC Markets: Known for low spreads and high liquidity.
  • Exness: Offers a wide range of trading instruments and high leverage options.
  • Pepperstone: Renowned for its advanced trading platforms and competitive pricing.

Positioning in the Industry

RoboForex positions itself as a versatile broker catering to both beginner and experienced traders. The company focuses on providing competitive trading conditions, a wide range of instruments, and robust customer support, making it an attractive option for traders worldwide.

Market Differentiation Factors

RoboForex differentiates itself through several key factors:

  • Diverse Account Types: Offering various account types to suit different trading styles and preferences.
  • Comprehensive Educational Resources: Providing traders with access to market analysis, webinars, and tutorials to enhance their trading skills.
  • Innovative Trading Platforms: Continuous development of trading platforms, including mobile applications and advanced charting tools.

Conclusion

RoboForex has established itself as a reputable financial brokerage company, offering a wide array of trading services and instruments. With a strong regulatory framework, diverse account options, and a commitment to customer support, RoboForex caters to traders of all experience levels. As the company continues to evolve and expand its offerings, it remains a competitive player in the global financial markets.

Back to Top

For more information on RoboForex and its services, learn more.