ROBOFX24 Review

About ROBOFX24

Robofx24 presents itself as a German-registered investment firm, identifying as «Robofx24 Deutschland GmbH», with registration at Bleidenstraße 1, 60311 Frankfurt am Main; local court registration number HRB 105969; VAT ID DE307079063; tax ID 047/242/10833; LEI 529900GRHJXL3GLVJU16; GIIN 15BSZI.99999.SL.276. It claims authorization under § 32 of the Securities Institutions Supervision Act (WpIG) to conduct investment brokerage, investment advice, acquisition brokerage and financial portfolio management. It also states supervision by BaFin, with BaFin register number –154068, and membership in the Compensatory Fund of Securities Trading Companies (“EdW”) .

On the other hand, the UK Financial Conduct Authority has issued a warning that Robofx24 (website robofx24.top) is providing or promoting financial services or products in the UK without authorization, stating that the firm is unauthorised and should be avoided .

Pros and cons

Pros

• Claims legal registration in Germany as Robofx24 Deutschland GmbH, with commercial register number HRB 105969, VAT ID DE307079063, LEI 529900GRHJXL3GLVJU16, and GIIN 15BSZI.99999.SL.276.
• Asserts authorization under § 32 WpIG for services including investment brokerage, advice, acquisition brokerage, and portfolio management, and supervision by BaFin (register number –154068).

Cons

• UK FCA officially warns that the firm is unauthorised to provide financial services or products in the UK (website robofx24.top).
• Conflicting messages between its claimed German regulation and external regulatory warnings raise concerns about legitimacy.