RoboForex
Forex & CFD broker · Belize-regulated (offshore) · EU entity is separate (RoboMarkets)
TC RATING
Not Rated
We do not recommend the RoboForex brand. RoboForex Ltd is regulated only offshore in Belize, not by a Tier 1 authority, and is not available in regulated form to UK or most EU traders. The group’s CySEC and BaFin regulation applies only to its separate RoboMarkets entity. It does not qualify for a TC Rating.
RoboForex is a long-established broker with a large global client base, competitive pricing, and a wide platform range. But the brand most clients sign up to is regulated only offshore in Belize, not by a top-tier authority, and that is the reason it does not currently carry a TC Rating. There is more nuance here than with most unregulated brokers, because the wider group does include a separately regulated EU entity, and we explain that below.
Is RoboForex regulated?
It depends entirely on which entity you trade with, and most clients trade with the offshore one.
- RoboForex Ltd is the main brand, registered in Belize and licensed by the Belize Financial Services Commission (FSC). Belize is an offshore, Tier 3 regulator with weak investor protection and no compensation scheme. This is the entity the great majority of international clients are signed up to.
- RoboMarkets Ltd is a separate brand within the same group, regulated by CySEC in Cyprus (licence 191/13), and RoboMarkets Deutschland GmbH holds BaFin authorisation in Germany. These EU entities offer genuine top-tier protections, including the Investor Compensation Fund (up to €20,000).
The important point is that these are different brands at different websites. The CySEC and BaFin protections apply only if you specifically open an account with RoboMarkets. They do not apply to the offshore RoboForex Ltd entity that most clients use. RoboForex Ltd itself holds no FCA, ASIC, or CySEC licence.
For traders in our core markets, the offshore entity is the relevant one. RoboForex Ltd is not authorised by the FCA in the UK and is not permitted to operate across most of the EU. UK and EU readers cannot use the RoboForex brand legally and would need the separate RoboMarkets entity to get any regulated service.
- YOUR MONEY IS NOT PROTECTED
Trading with an unregulated broker carries real risks. You have no access to a financial ombudsman, no guaranteed segregation of your funds, and no compensation scheme if the broker fails or refuses a withdrawal.
Compliance concerns on record
RoboForex is not a scam, and it has operated since 2009 with millions of clients. But there are documented concerns worth knowing:
- Independent compliance monitors have flagged that the offshore RoboForex entity allowed clients in the European Economic Area to register and deposit, offering leverage as high as 1:2000 and pre-verification deposits, which fall outside EEA rules. The offshore brand was placed on a compliance watch list as a result.
- Even the regulated sister entity has faced action: CySEC sanctioned RoboMarkets for offering prohibited non-monetary incentives to retail clients.
- The RoboForex name attracts clone and lookalike websites. Before depositing, always confirm the exact legal entity and licence details on the regulator’s own register, and check the URL carefully.
What RoboForex offers
For context, RoboForex launched in 2009 and provides a broad multi-asset offering: forex, stocks, indices, ETFs, commodities, metals, and crypto CFDs, with over 12,000 instruments. It supports MT4, MT5, cTrader, and its own R StocksTrader and R MobileTrader platforms, with account types including Prime, ECN, Pro, ProCent, and R StocksTrader, a low minimum deposit from $10, and very high leverage on offshore accounts. On trading conditions and technology it is competitive. The reason we do not rate it is the regulation behind the brand most clients use, not its feature set.
Why RoboForex is Not TC Rated
Our Regulation First standard recognises a broker based on the regulation that actually applies to the people using it. For the RoboForex brand, that regulation is an offshore Belize licence, not a top-tier one, and the entity is not available to UK or most EU traders in any regulated form. The group’s CySEC and BaFin entities are real, but they sit under a separate brand, RoboMarkets, that most clients do not use. For these reasons the RoboForex brand does not currently qualify for a TC Rating.
If you specifically want a regulated route into this group, the regulated entity is RoboMarkets (CySEC), not RoboForex.
Conclusion
RoboForex is an established, legitimate broker with strong technology and a regulated EU sister brand, but the brand itself runs on an offshore Belize licence with no top-tier oversight, and it is unavailable in regulated form to UK and most EU traders. We do not recommend the RoboForex brand on our Regulation First standard. Traders who want this group’s services with genuine protection should look at the separately regulated RoboMarkets entity instead, and everyone else should choose a broker regulated by a top-tier authority in their own market.
- LOOKING FOR A REGULATED BROKER?
This review is published for information only. If you want a regulated broker for this type of trading, see our regulated CFD brokers instead, where every broker there is checked against our regulation-first standard.
Frequently asked questions
Is RoboForex regulated?
The main RoboForex brand is regulated only offshore in Belize (FSC), not by a top-tier authority. A separate group brand, RoboMarkets, is regulated by CySEC (191/13) and BaFin, but that is a different entity most clients do not use.
Is RoboForex available in the UK?
No. RoboForex Ltd is not authorised by the FCA and cannot operate in the UK. Only the separate RoboMarkets entity is EU-regulated.
Is RoboForex safe?
It has operated since 2009 with a large client base and is not a scam, but the brand most clients use has only offshore regulation, no compensation scheme, and has been flagged for soliciting EEA clients outside the rules.
