RoboticsForex Review

About RoboticsForex

RoboticsForex is not regulated by any recognized financial authority. The Cyprus Securities and Exchange Commission (CySEC) issued a warning on 3 November 2022 stating that RoboticsForex is not authorized to provide investment services under its supervision; the broker is not listed in CySEC’s register of regulated entities (). Claims of regulation by the Financial Services Commission of Belize (Belize FSC or IFSC) and the Mauritius Financial Services Commission (Mauritius FSC) have not been verified; searches in these regulators’ databases returned no matching results ().

RoboticsForex offers over 200 trading instruments across asset classes such as Forex, cryptocurrencies, indices, commodities, stocks, ETFs, and metals. The advertised leverage is up to 1:100, with a minimum deposit requirement of USD 150; trading is reportedly carried out via a proprietary web-based platform and accepts only cryptocurrency for funding and withdrawals (). The broker does not offer standard platforms like MT4 or MT5, nor are there transparent details on account types or fee structures ().

Pros and cons

Pros

• Wide range of asset classes (Forex, crypto, indices, commodities, stocks, ETFs, metals) ()
• Low minimum deposit (USD 150) ()

Cons

• Unregulated; received formal warning from CySEC ()
• False claims of licensing by CySEC, Belize FSC, and Mauritius FSC ()
• Only accepts cryptocurrency deposits and withdrawals ()
• Proprietary web platform lacking MT4/MT5 and demo access ()
• High leverage (1:100) that exceeds regulatory limits in many jurisdictions ()