In online trading, investors must select a dependable and trustworthy platform. However, with the numerous possibilities accessible, there are rare concerns regarding fraudulent activity. Today, in this RoboForex review we will look into the charges against RoboForex, a well-known company in the trading business. This RoboForex review is written on verifiable facts obtained from reliable sources.
Website – https://roboforex.com/
Address – 2118 Guava Street, Belama Phase 1, Belize City, Belize
Warning – Not Recommended By Review Website Like RefundBack
Domain Age –
- Domain Name: ROBOFOREX.COM
- Registry Domain ID: 651484459_DOMAIN_COM-VRSN
- Registrar WHOIS Server: whois.register.com
- Registrar URL: http://www.register.com
- Updated Date: 2024-02-06T07:10:48Z
- Creation Date: 2006-10-30T13:34:37Z
- Registry Expiry Date: 2029-10-30T12:34:37Z
Overview of RoboForex
RoboForex claims to be a well-known online brokerage firm that provides multiple trading services, including equities, indices, ETFs, metals, energy, commodities, and CFDs on futures and currencies. This company was founded in 2009 and has built a substantial customer base over the years thanks to its user-friendly interfaces, affordable pricing, and diversified trading products. It provides five trading platforms, including R StocksTrader, R MobileTrader, R WebTrader, MetaTrader 5, and MetaTrader 4. RoboForex highlights itself as a genuine player in the financial markets, having obtained numerous regulatory licenses, including CySEC and IFSC.
Allegations Against RoboForex
Despite its apparent legitimacy, RoboForex has received accusations of fraudulent activity from several authorities. One of the key concerns expressed by certain clients and industry viewers is related to fund withdrawals. There have been reports of delayed or refused withdrawals, with clients alleging issues accessing their funds, resulting in dissatisfaction and distrust.
Additionally, there have been allegations of unfair trading tactics, such as slippage and requotes, in which trades are performed at unfavorable prices, potentially resulting in losses for traders. Such charges cast doubt on RoboForex’s trading environment and commitment to fair dealing.
Impact on Investors and Clients
RoboForex claims to be a reliable forex broker, however, there are some restrictions that you must consider. While it provides trading opportunities, its teaching resources and research tools are minimal, potentially discouraging traders from looking for in-depth market analysis and learning resources. Additionally, high commission fees are associated with certain account categories, which may influence profitability. Depending on the payment method used, withdrawals may entail costs, which can have an impact on traders’ bottom lines. Furthermore, certain regions have limited customer support hours, making it difficult to provide quick assistance.
RoboForex Review Summary
RoboForex claims itself as a major participant in the online trading industry, but allegations of fraudulent activity put doubt on its reputation. While it is important to consider such allegations seriously and verify their accuracy, the clients and industry observers expressed concerns that cannot be ignored.
As investors, we must carefully research before giving our cash to any brokerage firm. While RoboForex may have specific virtues, the claims against it highlight the significance of attention and skepticism in financial markets.
Scammed by a RoboForex broker? Contact Us!
If you come across a fake broker, such as RoboForex, you may feel frustrated and helpless, but you can report this incident to the financial authorities and initiate legal action. However, there are a few steps you may take to expose the scam and get aid in recovering your lost funds. You can do the following tasks:
- Do a thorough research when funding any brokerage firm in the future. Look for feedback and reviews from other investors, and stay away from any brokerage firm that claims unrealistic and speedy profits.
- Submit a complaint about Roboforex. This can help to raise awareness about fraud and potentially prevent others from falling victim to it.
- Contact us. We will help you retrieve your missing funds.