English

COPYFX Forex broker specializes in providing foreign exchange trading services, the company's official website https://my.roboforex..., the company's legitimate regulatory information CyprusCYSECMarket Maker (MM), BelizeFSCRetail Forex License to enhance the security of the company's address 2118 Guava Street, Belama Phase 1, Belize City, Belize

COPYFX Forex Broker

Basic Information

Registered Region

Cyprus

Operating Period

Company Name

RoboForex Ltd

Abbreviation

COPYFX

Company employee

Customer Service Email Address

info@roboforex.com

Contact Number

+593964256286

Company Website

https://www.copyfx.com/

Company address

2118 Guava Street, Belama Phase 1, Belize City, Belize

Facebook

https://www.instagram.com/accounts/login/?next=https%3A%2F%2Fwww.instagram.com%2Froboforex%2F&is_from_rle

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Clone Firm Belize

High potential risk

Company profile

COPYFX Review SummaryFounded2014Registered Country/RegionCyprusRegulationCYSEC (Suspicious clone), FSC (Clone firm)Market InstrumentsForexDemo Account✅Leverage/Spread/Trading PlatformMetaTrader 4, MetaTrader 5 and R StocksTraderCopy Trading✅Min Deposit$100Customer Support24/7 live supportTel: +593 964 256 286E-mail: info@roboforex.comFacebook, YouTube, Telegram, WhatsAppAddress: 2118 Guava Street, Belama Phase 1, Belize City, BelizeRegional RestrictionsThe USA, Canada, Japan, Australia, Bonaire, Curaçao, East Timor, Indonesia, Iran, Liberia, Saipan, Russia, Sint Eustatius, Tahiti, Turkey, Guinea-Bissau, Micronesia, Northern Mariana Islands, Svalbard and Jan Mayen, South Sudan, etc. Founded in 2014, CopyFX is a broker registered in Cyprus, offering forex trading through the MetaTrader 4, MetaTrader 5 and R StocksTrader platforms. However, it currently has no valid regulations.Pros and ConsPros Cons Demo accountsSuspicious clone license of CySECMultiple account typesClone license of FSCCopy tradingRegional restrictionsPopular payment optionsLimited trading asset classes24/7 live supportComplex commission structureIs COPYFX Legit? COPYFXs license of the Cyprus Securities and Exchange Commission (CySEC) has been regarded as a suspicious clone license. Additionally, the Financial Services Commission (FSC) regard it a clone firm. Therefore, it is not a legit broker as their regulatory status and validity of these licenses are questionable.The Cyprus Securities and Exchange Commission (CySEC)Regulatory Status Suspicious CloneRegulated by CyprusLicensed Institution Robomarkets LtdLicensed TypeMarket Making (MM)Licensed Number191/13The Financial Services Commission (FSC)Regulatory Status Clone FirmRegulated by BelizeLicensed Institution ROBOFOREX LTD.Licensed TypeRetail Forex LicenseLicensed NumberIFSC/60/271/TS/17What Can I Trade on COPYFX? COPYFX focuses on forex trading.Tradable Instruments Supported Forex✔Commodities❌Indices❌Stocks❌Cryptocurrencies❌Bonds❌Options❌ETFs❌Account Type COPYFX offers two basic accounts: Cent accounts and Pro accounts, with a minimum deposit requirement of $100. Besides, to trade forex, they also offer other types of accounts including ProCent, Pro, ECN, Prime, Pro-Affiliate, ECN Affiliate, Cent Affiliate and R StocksTrader account.COPYFX Fees The copied transaction commission ranges from $1 to $10. Besides, commissions are charged when: 1. The investment period ends: Paid Saturday at 1:00 AM server time (“Volume Fee” and “Performance Fee”) or Sunday night, transferred Monday (“Subscription Fee”). 2. The investor cancels the subscription: Paid minutes after cancellation. Note: No commission is earned under the “Trader without commission” scheme.Trading Platform COPYFX supports MetaTrader 4, MetaTrader 5 and R StocksTrader platforms (CopyFX in R StocksTrader is available only in the mobile application and in the mobile version of the platform).Trading PlatformSupported Available Devices Suitable for Web-based✔Web/MT4✔PCs, mobile, WebBeginnersMT5✔PCs, mobile, WebExperienced tradersDeposit and Withdrawal COPYFX offers Visa/MasterCard, Neteller and FasaPay to make a deposit.

COPYFX broker review

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How to login to COPYFX?

copyfx Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a copyfx Account To start your journey with the copyfx platform, you first need to complete the registration process. This process is straightforward and can be do

CopyFX Forex Broker - Complete Information Guide

1. Broker Overview

　　CopyFX is a trading platform operated by RoboForex Ltd, which was established in 2009. The platform is headquartered in Belize, with its main offices located in Cyprus. As a private entity, RoboForex focuses on providing a wide range of financial services, particularly in the forex and contract for difference (CFD) markets.

　　Since its inception, CopyFX has evolved significantly, introducing innovative features that cater to both novice and experienced traders. The platform aims to simplify the trading process by allowing users to copy the trades of successful traders, making it an attractive option for investors who prefer a hands-off approach.

　　CopyFX serves a diverse clientele, including retail traders looking to enhance their investment strategies and experienced traders seeking to monetize their expertise. The platform's development has been marked by key milestones, including its integration with popular trading software like MetaTrader 4 and 5, and the introduction of various account types to meet different trading needs.

　　As part of the RoboForex Group, CopyFX operates under a business model that combines retail forex trading with social trading features, allowing users to engage in both investing and trading activities seamlessly.

2. Regulatory and Compliance Information

　　CopyFX operates under the regulatory oversight of the International Financial Services Commission (IFSC) of Belize and the Cyprus Securities and Exchange Commission (CySEC). The relevant licenses are:

IFSC License Number: IFSC/60/271/TS/17
CySEC License Number: 191/13

　　Despite these regulatory affiliations, it is important to note that there are indications that CopyFX may be considered a "clone firm," raising concerns about the validity of its regulatory status. Therefore, potential users are advised to conduct thorough research and due diligence before engaging with the platform.

　　CopyFX adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) policies, ensuring that customer funds are kept in segregated accounts to protect investor interests. However, it is crucial for users to be aware of the risks associated with trading leveraged products, as well as the lack of a compensation fund for investors.

3. Trading Products and Services

　　CopyFX offers a diverse range of trading products, primarily focusing on forex trading. The platform provides access to:

Currency Pairs: A wide array of forex pairs, including major, minor, and exotic currencies.
CFD Products: Users can trade CFDs on indices, commodities, stocks, and cryptocurrencies, offering ample opportunities for diversification.

　　The platform is regularly updated with new products to meet market demand, ensuring that traders have access to the latest trading instruments.

　　For retail clients, CopyFX provides a user-friendly interface that simplifies the process of selecting and copying successful traders. Additionally, institutional clients can benefit from tailored services, although details on white-label solutions and asset management services are not extensively covered.

4. Trading Platforms and Technology

　　CopyFX supports trading on the widely recognized MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These platforms are known for their stability, advanced charting tools, and automated trading capabilities.

Web Trading: Users can access a web-based trading platform, allowing for trading without the need to download any software.
Mobile Applications: CopyFX offers mobile applications for both iOS and Android, enabling traders to manage their accounts on the go.

　　The execution model utilized by CopyFX is primarily ECN, which provides direct market access and competitive spreads. The technical infrastructure is robust, with servers located in strategic locations to ensure fast execution speeds. Additionally, CopyFX supports API integration for automated trading solutions.

5. Account Types and Trading Conditions

　　CopyFX offers a variety of account types to cater to different trading preferences:

Prime Account: Designed for experienced traders, offering access to all market instruments.
ECN Account: For those who prefer electronic communication network trading, featuring fast execution and low spreads.
Procent Account: Ideal for beginners, allowing them to start trading with minimal capital.
Pro Account: Tailored for seasoned traders, offering fixed spreads and low commissions.
Cent Affiliate Account: For partners looking to earn commissions by referring clients to CopyFX.
Pro Affiliate Account: Similar to the Cent Affiliate but aimed at partners referring high-volume traders.
ECN Affiliate Account: For partners referring clients who prefer ECN trading.

　　The minimum deposit required to open an account is $100, with varying spreads and commissions depending on the account type. Leverage options are flexible, allowing users to choose their risk exposure based on their trading strategy.

6. Fund Management

　　CopyFX supports various deposit methods, including bank transfers, credit cards, and popular electronic wallets like Skrill and Neteller. The minimum deposit requirement is $100 for most account types.

Deposit Processing Time: Typically, deposits are processed quickly, but specific times may vary based on the method used.
Withdrawal Methods: Users can withdraw funds through multiple channels, with processing times generally within 24 hours.
Withdrawal Fees: CopyFX maintains a transparent fee structure, with minimal costs associated with withdrawals.

7. Customer Support and Educational Resources

　　CopyFX provides comprehensive customer support through various channels:

24/7 Support: Available via phone, email, and live chat.
Knowledge Base: A vast repository of FAQs and articles to assist users.
Video Tutorials: Educational materials that cover platform usage and trading strategies.

　　While the platform primarily supports English, it also offers resources in other languages to accommodate a broader audience.

8. Regional Coverage and Restrictions

　　CopyFX primarily serves clients in regions where RoboForex operates. However, there are specific countries where services are restricted, including the USA, Canada, Japan, Australia, and several others.

　　The platforms geographical reach is extensive, but users should verify their eligibility based on local regulations and restrictions before attempting to register.

　　In summary, CopyFX presents itself as a competitive player in the forex copy trading landscape, offering a robust platform for both investors and traders. With its diverse account options, comprehensive support, and a wide range of trading products, it caters to the needs of various market participants. However, potential users should exercise caution and conduct thorough research regarding the platform's regulatory status and associated risks.

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