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ROCO Forex broker specializes in providing foreign exchange trading services, the company's official website https://my.rocobroke..., the company's legitimate regulatory information ComorosMISARetail Forex License to enhance the security of the company's address Concord Business Center, 334 90th South Street, New Cairo, Egypt

ROCO Forex Broker

Basic Information

Registered Region
Comoros
Operating Period
--
Company Name
Roco Broker Ltd
Abbreviation
ROCO
Company employee
--
Customer Service Email Address
support@rocobrokoer.com
Contact Number
+44748882066
Company Website
Company address
Concord Business Center, 334 90th South Street, New Cairo, Egypt
Keywords
1-2 years
Regulated in Comoros
Retail Forex License
MT5 Full License
Regional Brokers
Medium potential risk
Offshore Regulated

Rating Index

UnionPay

Minimum Deposit
10 USD

Crypto currecny

Minimum Deposit
10 USD

  

Roco Broker Forex Broker - Complete Information Guide

  

1. Overview of the Broker

  Roco Broker, officially known as Roco Broker Ltd, is a forex brokerage that was established to provide trading services to clients globally. The company is headquartered in New Cairo, Egypt, at Concord Business Center, 334 90th South Street. As a privately held entity, Roco Broker operates primarily in the retail forex market, catering to individual traders and investors looking for competitive trading conditions and diverse trading instruments.

  Since its inception, Roco Broker has made significant strides in the financial services sector, focusing on delivering a robust trading platform and a variety of financial instruments. The company has gained recognition for its user-friendly interface and comprehensive support services, appealing to both novice and seasoned traders alike. Over the years, Roco Broker has achieved various milestones, including the introduction of innovative trading tools and educational resources aimed at enhancing trader performance.

  Roco Broker operates under the regulatory framework of the Comoros MISA, which provides a retail forex license, ensuring a level of compliance and security for its clients. This regulatory oversight is crucial in building trust and credibility within the trading community. The brokerage's business model revolves around retail forex trading, offering clients access to a wide range of currency pairs, commodities, indices, and cryptocurrencies.

  

2. Regulatory and Compliance Information

  Roco Broker is regulated by the MISA (Comoros International Financial Services Authority), which is responsible for overseeing the operations of financial service providers in the region. The regulatory license number for Roco Broker is BFX2024190. This license allows the brokerage to operate legally and provides a framework for ensuring compliance with various financial regulations.

  The regulatory license is valid for the duration specified by MISA, which includes regular audits and compliance checks to maintain operational standards. Roco Broker has established separate legal entities in different jurisdictions to comply with local regulations and provide services tailored to specific markets.

  Client funds at Roco Broker are held in segregated accounts, ensuring that they are protected and separate from the company's operational funds. This practice enhances the security of client deposits, providing peace of mind to traders. Furthermore, Roco Broker adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) policies, which are integral to maintaining the integrity of the financial system and preventing illicit activities.

  

3. Trading Products and Services

  Roco Broker offers a diverse array of trading products, making it a versatile choice for traders. The brokerage provides access to over 50 currency pairs, including major, minor, and exotic pairs, catering to various trading strategies and preferences.

  In addition to forex trading, Roco Broker offers Contracts for Difference (CFDs) on a wide range of assets, including:

  • Indices: Access to major global indices, allowing traders to speculate on market movements.
  • Commodities: Trading options on commodities such as gold, silver, oil, and agricultural products.
  • Cryptocurrencies: A selection of popular cryptocurrencies, providing opportunities in the growing digital asset market.
  • Stocks: CFDs on stocks from leading companies, enabling traders to invest in equity markets.

  Roco Broker is committed to keeping its product offerings up-to-date, regularly expanding its range of instruments based on market demand and trends. This proactive approach ensures that clients have access to the latest trading opportunities.

  The brokerage also provides retail trading services, which include educational resources, market analysis, and trading signals. For institutional clients, Roco Broker offers tailored solutions, including white-label services and asset management options, to meet their specific needs.

  

4. Trading Platforms and Technology

  Roco Broker supports the MetaTrader 5 (MT5) trading platform, which is widely regarded for its advanced features and user-friendly interface. This platform allows traders to execute trades efficiently, analyze market trends, and utilize automated trading strategies.

  In addition to MT5, Roco Broker has developed a web-based trading platform that offers seamless trading experiences without the need for software downloads. This platform is accessible from any device with internet connectivity, ensuring that traders can manage their accounts on the go.

  For mobile trading, Roco Broker provides applications compatible with both iOS and Android devices, enabling clients to trade anytime, anywhere. These mobile applications are designed to deliver a full suite of trading functionalities, including real-time market data, order execution, and account management.

  Roco Broker operates on an ECN (Electronic Communication Network) model, ensuring direct access to liquidity providers and competitive spreads. The brokerage's technical infrastructure includes strategically located servers that enhance execution speeds and minimize latency, providing a robust trading environment.

  Additionally, Roco Broker offers API access for clients interested in automated trading solutions, allowing for algorithmic trading and customized strategies.

  

5. Account Types and Trading Conditions

  Roco Broker provides several account types to accommodate different trading styles and preferences. The primary account offerings include:

  •   Standard Account:

  •   Minimum Deposit: $50

  •   Spreads: Competitive spreads starting from 1.0 pips

  •   Commission: Varies based on trading volume

  •   VIP Account:

  •   Designed for high-volume traders with enhanced trading conditions.

  •   Minimum Deposit: $1,000

  •   Tighter Spreads: Starting from 0.5 pips

  •   Lower Commission Rates: Based on trading volume

  •   Islamic Account:

  •   Tailored for clients who require a swap-free trading environment in compliance with Sharia law.

  Roco Broker also offers a demo account for new traders to practice their skills without financial risk. The demo account provides access to the full range of trading features, allowing users to familiarize themselves with the platform and trading conditions.

  Leverage options at Roco Broker can reach up to 1:1000, depending on the account type and asset class. This high leverage allows traders to maximize their potential returns, although it also increases the risk of losses.

  The minimum trading size is set at 0.01 lots, enabling traders to start with smaller positions. Roco Broker has a transparent policy regarding overnight fees, which are clearly outlined in the account specifications.

  

6. Fund Management

  Roco Broker supports various deposit methods to facilitate easy fund management for its clients. The available deposit options include:

  • Bank Transfers
  • Credit/Debit Cards
  • Cryptocurrency Payments

  The minimum deposit requirement varies by account type, with the standard account starting at $50. Deposits are typically processed within 24 hours, allowing clients to start trading promptly.

  Roco Broker does not impose deposit fees, making it cost-effective for clients to fund their accounts. However, clients should check with their payment providers for any potential fees associated with transactions.

  Withdrawal methods mirror the deposit options, ensuring that clients can conveniently access their funds. Withdrawal requests are processed within 1-3 business days, depending on the method chosen. Roco Broker has established a transparent fee structure for withdrawals, which is outlined in the client agreement.

  

7. Customer Support and Educational Resources

  Roco Broker prides itself on providing excellent customer support to its clients. The brokerage offers multiple support channels, including:

  • Phone Support
  • Email Support
  • Live Chat
  • Social Media Platforms

  Customer support is available during business hours, which accommodate various time zones to ensure clients receive timely assistance.

  The brokerage supports multiple languages, including English, Arabic, and French, making it accessible to a diverse clientele.

  In terms of educational resources, Roco Broker provides a variety of materials to enhance trader knowledge and skills, including:

  • Webinars
  • Tutorials
  • E-books

  Additionally, Roco Broker offers market analysis services, featuring daily market updates, news, and research reports to help traders make informed decisions. The brokerage also provides trading tools such as calculators and economic calendars to assist clients in their trading activities.

  

8. Regional Coverage and Restrictions

  Roco Broker primarily serves clients in Asia, Europe, and the Middle East, with a focus on emerging markets. The brokerage has established regional offices to enhance its service delivery and support.

  However, Roco Broker does not accept clients from certain jurisdictions, including:

  • United States
  • Canada
  • Japan
  • North Korea

  These restrictions are in place to comply with local regulations and ensure the brokerage operates within the legal frameworks of the jurisdictions it serves. Special considerations may apply in specific regions, and clients are encouraged to check the brokerage's website or contact support for detailed information regarding their eligibility to open an account.

  In conclusion, Roco Broker is a well-rounded forex brokerage that offers a comprehensive range of trading services, competitive conditions, and robust support for both retail and institutional clients. With its commitment to regulatory compliance and customer satisfaction, Roco Broker continues to position itself as a trusted player in the forex market.

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Latest Reviews

FX4229747182

FX4229747182

Iran

Highly reliable with fast execution and minimal downtime. The range of analysis tools has greatly enhanced my trading decisions. Withdrawals are smooth and hassle-free. Highly recommend for both beginners and experienced traders.

Positive

02-19

FX2863346784

FX2863346784

Iran

. The broker offers a variety of account types, catering to different risk tolerances and trading sizes. More currency pairs for exotic markets would be a plus. I suggest it.

Positive

02-19

FX4229747182

FX4229747182

Austria

Very Good Broker for Forex Trading "Offers tight spreads and a stable trading platform. I appreciate the range of tools available for analysis. Customer service is responsive, though it could be faster during peak times."

Positive

02-13

ROCO Forex Broker has an overall rating of 5.54, Regulatory Index 4.62, License Index 4.62, Business Index 4.18, Software Index 7.73 Risk Control Index 8.90.