RoboForex Review 2020

RoboForex

Risk Warning: Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please be advised that certain brokers, products, bonus and/or leverage may not be available for traders from some countries due to legal restrictions.

Risk Warning: Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please be advised that certain brokers, products, bonus and/or leverage may not be available for traders from some countries due to legal restrictions.

The Euro continues retreating. Overview for 02.04.2020

On Thursday afternoon, the major currency pair is falling against the current background.

EURUSD is losing weight due to the same fundamental background. The current quote for the instrument is 1.0920.

The statistics published yesterday showed that the ADP Non-Farm Employment Change was -27K in March against the expected reading of -150K. Of course, the indicator was expected to decline but the fact that it just fell instead of plummeting is very positive.

We’d like to remind you that there is no direct correlation between reports from the ADP and the NFP (scheduled to be published on Friday), but the first report can really provide insight into what is happening in the labor market before they publish the second one.

The ISM Manufacturing PMI in the USA also weakened in March but just a little bit, from 50.1 points to 49.1 points. Market expectations were much worse, 44.9 points, that’s why the actual reading turned out to be pretty good. In March, the manufacturing capacity utilization rate in the USA was quite high but the April report is highly likely to show a significant decline.

Later in the evening, the USA is going to report on the Unemployment Claims, which might as well show numbers similar to the previous week. Market expectations imply 3.6M after the previous reading of 3.28M. It’s the entire service industry, which found itself out of work without consumers. However, EURUSD already knew about this, that’s why no dramatic reactions are expected.

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

RoboForex Broker Review

Most retail CFD accounts lose money. Your capital is at risk.

Summary

RoboForex is notable for the range of platforms it offers: MT4 and MT5 are both available on all account types and ECN account-holders also have access to cTrader, the best in class ECN platform. Trading conditions are decent on its Cent and Standard Accounts, with minimum deposits of 10 USD and spreads starting at 1.3 pips, but ECN Accounts carry a very high commission of 15 USD.

Unfortunately, education and market research are both poor, and RoboForex charges high fees for withdrawals across almost all methods. Regulation is a concern too, with oversight only from the Belize IFSC – not a world-class regulator by any stretch of the imagination.

RoboForex Reviews and Comments 2020

In a few days, roboforex stole money from many people ‘s accounts, too. From my account 33009838. It is a high qulity scam Everything looks like real real broker has a beautiful website support service copying changes in real exchange rates. Depends on what they want to do with your money. Roboforex is an international swindler but banks cannot block transactions with them on the first you agree to user conditions on the second they can block only with the instructions of Interpol. Roboforex likes to refer to a license issued in Belize she allows activities only offshore Oni can learn from legal and financial organizations.

Vlad 16 March, 2020 Reply

Dear Vlad. We remind you that, there is a high level of risk involved when trading leveraged products such as Forex/CFDs. You should not risk more than you can afford to lose, it is possible that you may lose the entire amount of your account balance. You should not trade or invest unless you fully understand the true extent of your exposure to the risk of loss. When trading or investing, you must always take into consideration the level of your experience. If the risks involved seem unclear to you, please apply to an external professional for an independent advice. Sincerely, RoboForex

Manager RF 18 March, 2020

Roboforex is a scam. I had a $100 in my account n i opened a buy position seconds before the event, and as the candle went up n about to triple my account my order disappeared with my $100, the funny part is that i have been using the same format but this time i was in for more profit.

Tefo 31 October, 2020 Reply

Dear Tefo. Your message contains no data, which is required for a closer study. In case of any complaints against our Company’s operations and activities, contact our Live Support in any way that is convenient for you (email, write a ticket in your Members Area). Sincerely, RoboForex

Manager RF 1 November, 2020

First of all this broker has major slippage and completely disregards stoploss during high volatility news and is an overall scam, their phone number isn’t even working. As I tried to withdraw my funds yesterday an error message appeared and the has been no correspondence on the matter after multiple phone calls. don’t trust this broker with your money.

Okuhle 14 October, 2020 Reply

Dear, Okuhle. Your message contains no data, which is required for a closer study. In case of any complaints against our Company’s operations and activities, contact our Live Support in any way that is convenient for you (email to ***, write a ticket in your Members Area). Sincerely, RoboForex

Manager RF 14 October, 2020

I am trading for a long time with Roboforex. I was a happy trader. Roboforex gave me good service till today. At a sudden they disabled my VPS. I send them proof that the minimum op 3 lot has been achieved. They did not correct it fast but very slow. They bring my account in danger. No change after many chats. The only wat they send is :Could you, please, wait. I need to specify the information. It can take some time.We would recommend waiting for a reply in the ticket request you have sent, further information can be provided further there. After that nothing.

Ilone 2 September, 2020 Reply

Dear Ilone. Please specify your account number and we can give comments about your situation or help you. Sincerely, RoboForex

Manager RF 2 September, 2020

Roboforex allowed me to create / order a new VPS. My VPS was closed due to a technical failure. Thanks to the good support from my account manager it worked out well.

Ilone 2 September, 2020

I’m so angry right now! This broker just closed my trade the instant i’ve just my buy position at 15:29:59,on CADJPY just before news release.and on that instant they closed my trade!! I want my money. the event didnt even move 2 pips against me but they just closed my trade. I’m supposed to be having $1914.45 profit right now but instead im sitting on a -$529.81 for no valid reason. Roboforex I want my money. my account number is 5006873

Kabelo 10 May, 2020 Reply

Dear Kabelo, The source of the possible confusion is that you did not take into account the effect of wider than normal spread as well as rapid price changes that are common around the time of major news events. The server logs that we sent you confirm that position 29861960 was closed correctly as a result of a Stop Out event. If you have any other questions, we will be happy to discuss them in the ticket that you wrote to us earlier. Regards, RoboForex

RoboForex Support 16 May, 2020

same thing happened to me, why do they do that? or is ti because we are using pro standard account types?

Tshepiso 12 August, 2020

Your right there Mr they just close ur trades u don’t even see a thing during news release

Almalik 23 September, 2020

Good for scalping! I earned at the broker more than $5000 and never had any problem with funds withdrawing, it’s always fast. Also, the customer support at RoboForex is excellent, very professional and polite managers. Can’t complain.

TraderFX 7 July, 2020 Reply

I don’t understand why is the information about scam often mentioned here? I’m currently using ECN pro account and never had any problem with it. I have what to compare with, for in the recent 4 years I’ve been trading with several brokers and RoboForex trading conditions are very well. Fast order execution is one of the main reason I chose it and how can you say that it’s “not fast as it should be”?

Nicolas 30 June, 2020 Reply

Don’t trust users who say that there are some issues in withdrawing money. I’ve traded for a long time here and have no complaints about any delays. It depends on how you want to withdraw funds. Wire transfer is the longest one and takes up to 3 business days. Other systems usually take around one day and less.

Daune Robinson 29 June, 2020 Reply

It was funny to read the beneficial feature of this broker – free withdrawal of funds twice a week. Most brokers refuse the commissions and here I should wait those two magic days to make only one withdrawal free of charge. I doubt it will help because even with fees I had problems paying out and that lasted for almost a week.

Mike 24 June, 2020 Reply

Dear Mike. Our company constantly improves it’s services. If you face with any difficulty, please, don’t hesitate to contact us and provide your trading account number. We will do our best to help you. Sincerely, RoboForex.

Manager_RF 1 July, 2020

i am here to discuss about a broker roboforex. My roboforex Account number is 5161813. this broker is worst broker i have seen they have eaten my profit and my own investment as well i deposit 3k and i earned 6k
but now this broker is not giving me not my profit nor my deposit back. it’s been few days now and i am still waiting for withdrawal. this sluggish and dishonest broker transferred my funds in someone else account and now saying that we cant do anything. even they don’t have any regulation so i can claim my funds back. i have never seen this kind of bad brokerage. they have eaten my funds in front of me and now they are just giving me lame excuses.
the thing is i cant do anything i don’t know where to go and have my funds back. i am writing here for other peoples .please do not conduct business with roboforex this broker is scam broker they just want deposit they won’t give any withdrawal if you are making money with them.

MasoodHussain 20 June, 2020 Reply

Dear Masood Hussain. The funds were transferred to your account 2774725. This info can always be found in the commentary of the balance operation. Please avoid spreading false and misleading statements about the company. Sincerely, RoboForex

Manager_RF 20 June, 2020

Overall this broker has good conditions, suitable platform and good customer support. Account openning are very quick and easy. Also has different bonuses and contests that makes trading even more interesting.

Vovk 11 November, 2020 Reply

I’m very satisfied with RoboForex so far. Have been trading with them for more than four years. I had to address the customer support only once three years ago to ascertain the details of partnership program. The trading conditions are very comfortable. Never had any problems with profit withdrawal.

Rick 6 October, 2020 Reply

Me too, I also using this broker to make money online except liteforex and Mayzus. Robo forex pretty fair.

eko_dedie 26 October, 2020

RoboForex is a very good dealing center. I like its partnership program and the system of trades copying. I’m not yet a highly experienced trader myself, but can select trades to copy from. I try to choose from the top ones and always get some profit as a result.

kosmos_s 14 September, 2020 Reply

It is just a pleasure to trade the ECN accounts with RoboForex. The spread is lower on ECN, by the way. I haven’t connected my account to the rebate program yet, but I’m going to. Have been trading with the broker for almost half a year so far. Today I’ve ordered my sixth profit withdrawal, so I’m thinking of going on trading with them for a long time.

Patrick 9 August, 2020 Reply

Situation was solved few days ago and money was debeted on your trading account. Problem was from payment system’s side. We apologize for this inconvenience.

Manager RF 15 May, 2020 Reply

I made a deposit 7 days ago using my credit card ( which is supposed to be processed immediate),the are still not reflecting on my account. I send them emails and proof ( bank statement ) that my bank account credited with the deposit amount and roboforex name on it. The last time they responded was 6 days ago when they said they are investigating. They have not responded to any of my emails after that.

Terro 11 May, 2020 Reply

Started to work with RoboForex recently, interesting company. Good broker, like them. Very fast withdrawal!

Samir 6 November, 2020 Reply

If Roboforex almost bankrupt they must stop accept deposits and start only withdrawals! But it seems they really try to escape with all money.

Derick 3 November, 2020 Reply

Be careful.
Roboforex is almost bankrupt and under international investigation because of cheating with clients funds and trading.
here see the articles: anti-roboforex.com

Jimmy 11 September, 2020 Reply

Unfortunately, the “black PR” virus that infected the medium of the Forex brokers on the Internet has affected and our company.
Undoubtedly, it is very flattering that our company is considered a strong opponent, since we became the object of such obvious informational (or rather dis-informational) blackmail.

Despite this, we are not planning to justify ourselves by the groundless accusations against our company, but they cannot be overlooked and we must give a few appropriate comments:

1. Concerning the before-mentioned website and the published information on it, all we want to say it is that it is a collection of disinformation with unjustified hypothesis and utter lies, without any feasible objectives that are followed by the makers of this resource.

2. The appearance of such information by this time on several Internet sites under different nicknames, which use fake IP addresses, indicates that it’s obviously done by hired persons and is designed to hurt the company’s image in the eyes of the customer, without any argumentation and providing specific facts. The persons who are performing such kind of dis-informational activities should not forget about some very specific sanctions of the criminal law of CIS and European countries that are sure to follow their illegal activities.

We recommend that the administrators of Forex-Ratings.com website to check the IP addresses and nicknames, from whom the reports have been sent and draw conclusions and take action.

We sincerely hope that Forex-Ratings is a well-respected and professional web-resource, and not a place for false and not verified reports, but a platform on which customers can solve a real dispute or make a comment on the work of our company.

3. We are sincerely sorry if the current financial situation of the company Forex4you is so badly that she made such a desperate step and has used such a Black PR.
It is also possible that everything that happens is planned by third parties in form to cause a conflict between our company and Forex4you.

4. The RoboForex group of companies are robust, financially stable and smooth day-to-day operations prove it with our actions, not only in words:

– We received the European licence in Cyprus and will be announcing in the near future of the second license.
– We are a truly international company and recognized by the clients from over 144 countries.
– We continuously launch new projects to our list of products and services, and only in the past year, we introduced RoboFX.com, ContestFX.com, and RoboOption.com projects.
– Moreover, this month we will be running a new and ambitious project of social trading platform called CopyFX.com, which enjoys great popularity among the customers in the countries of the CIS and Russia.

In other words, while other companies make us “black PR” unsuccessfully trying to interfere with our business, we will continue to implement new and even more ambitious and exciting projects.

Best wishes,
RoboForex Team

Manager_RF 12 September, 2020

Roboforex is strange, they offer COPYFX where u can follow a successful trader automatically. Everytime I subscribe to one of their top rated traders I lose money, it is weird. At last, I opened a cents account (they offer that stupid service) deposited 10 USD which is 1000 cents and had 8USD which is 800 cents, so my balance was 1800 cents approx., I followed their top rated cents trader and lost that too U can’t win with their COPYFX system, there seems to be something weird and of course there is the usual disclaimer that ‘Past performance is not indicative of future performance’ bla bla bla