BrokAIr Reviews

Roboforex Review

Roboforex has an impressive selection of trading instruments, but its customer service is subpar! Is Roboforex really the best choice for online trading?

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Roboforex Overview


Roboforex is an online broker founded in 2009 and is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the International Financial Services Commission (IFSC). It offers trading in a variety of financial instruments, including forex, stocks, indices, commodities, CFDs, and ETFs. It also provides access to a range of trading platforms, such as MetaTrader 4 and 5, as well as its own proprietary web-based platform.

Pros and Cons


Roboforex was founded in 2009 by a team of experienced professionals from the banking, financial services, and IT sectors. The company is owned and operated by the RoboForex Group, which is headquartered in Limassol, Cyprus. The Group also owns and operates other entities in the EU, such as RoboMarkets Ltd., RoboForex (CY) Ltd., as well as other companies outside of Europe.

Public Opinion

Overall, Roboforex has generally positive ratings from its customers. It has gained a reputation for offering competitive spreads and fees, a wide range of trading instruments, and excellent customer service. The majority of reviews are positive, with many users praising the broker's user-friendly interface and its 24/7 customer support. On the other hand, some users have complained about slow withdrawal times and lack of bonuses or promotions.

Newsworthy Events

In 2019, Roboforex announced that it had been granted a license by the Financial Services Authority (FSA) in Mauritius. This allowed it to offer services to investors in the African country. In 2020, Roboforex launched a new web-based platform called R Trader. This platform offers a wide range of features to traders such as advanced charting tools and automated trading strategies. Additionally, in 2021 Roboforex was awarded the “Best Forex Broker” award at the Finance Magnates Awards ceremony held in London.