RoboMarkets Review – Scam Broker RoboMarkets Deceives Traders
Broker status
|
Regulated Offshore Broker |
Regulated by
|
CySEC |
Scammers Websites
|
copyfx.com / stock.roboforex.com / robomarkets.com |
Blacklisted as a Scam by
|
N/A |
Owned by
|
RoboMarkets Ltd |
Headquarters Country
|
Cyprus |
Foundation year
|
2013 |
Supported Platforms
|
MT4, MT5, WebTrader |
Minimum Deposit
|
$100 |
Cryptocurrencies
|
Forex (FX) / Commodities / Indices / Stocks |
Types of Assets
|
N/A |
Maximum Leverage
|
1:30 |
Free Demo Account
|
No |
RoboMarkets Regulations and Trading License Details
RoboMarkets Ltd is the brand name of RoboMarkets Ltd from Cyprus. The company is CySEC registered number 191/13. The company also has multiple domains, and its owner has changed their name twice.
Most brokers will change the name to indicate that there have been terrible events and are trying to gain new publicity. We had to verify.
What is wrong with RoboMarkets License
We have some information that RoboMarkets, which is CySEC-regulated, has RoboForex as its subsidiary. RoboForex’s uniqueness is that it’s located in Belize. This makes it an offshore brokerage.
RoboMarkets may be taking clients and transferring them into RoboForex since the websites are identical.
Clients are also assigned to offshore entities without knowing and being exposed to different trading rules and conditions. There are no compensation funds.
RoboMarkets regulation is derived from CySEC, but be aware of RoboForex.
Review of RoboMarkets Trading Platform
We were also very pleased to see the broker trading platform offer. The broker offers MT4, MT5, as well as a proprietary WebTrader called R trader. The account type of the client can be used to choose the platform, as not all accounts are available on every platform.
The entity that you are a part of will determine the leverage. RoboMarkets provides a 1:30 leverage, but it is possible that this will depend on client experience. RoboForex, however, clearly states 1:1000.
This is why it’s important to be aware of which entity you are a part.
RoboMarkets Deposit & Withdrawal Methods
RoboMarkets requires a minimum deposit of $100. You can withdraw or deposit via:
- Visa / MasterCard
- 12 banking options from the EU include Barclays, Deutsche Bank and iDEAL.
- PayPal
- WebMoney
- Skrill
- Neteller
- Fasapay
- Boleto
For withdrawals, you can use the same methods. There is a slight difference in the minimum deposit and withdrawal amounts for each method.
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RoboMarkets: Video
Below you will find a short video about RoboMarkets. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about RoboMarkets!
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Copywriter with more than 10 years of experience. Wrote analytical content for one of the largest forex brokers in the world. Works as an editor-in-chief at assistance-refund.com
FacebookFAQ
- What is RoboMarkets, and Should I Invest Money in it?
It is an online brokerage that trades from Cyprus and has another offshore entity located in Belize. You should think twice about taking on any risk when investing your money.
- Is RoboMarkets legit or a scam?
Officially, broker is CySEC regulated, yet, it changed its name a couple of times and opened an offshore entity.
- Does RoboMarkets Have a Mobile Trading App?
This brokerage company provides MT4 and MT5 mobile app for clients.
- What is the RoboMarkets minimum deposit?
RoboMarkets minimum deposit is $100 and can be made via a wide range of methods.
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