✔️ Information reviewed and updated in February 2024 by Pedro Martínez González

In this section we will tell you why You should NOT invest in RoboForex – RoboMarkets. We analyze the website, we observe every detail and we examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation…

A pocas palabras WE DO NOT RECOMMEND IT. Below we will show you essential information about RoboForex – RoboMarkets and we will tell you why we reached such a conclusion:

Basic Information

🌐 Websiterobomarkets.es, roboforex.com robomarkets.es, robomarkets.it (Italy), robomarkets.com/de/ (Germany), robomarkets.com/se/ (Sweden) and robomarkets.pt (Portugal)
🏠 Company*RoboForex (CY) Ltd. Update: RoboMarkets Ltd. Update March 2022: RoboForex (CY) Ltd, RoboMarkets Ltd., RoboForex Ltd, GuruHosting Ltd, RoboGate Limited
RegulatoryCySEC
📧 Email[email protected]
📈 LeadingMetaTrader 4, MetaTrader 5 and Umstel
📌 AddressCyprus. March 2022 update: Cyprus, Gibraltar and Belize.

⚠️ RoboForex – RoboMarkets is owned by BKCOIN Limited, the company it's located in Cyprus. March 2022 update: Cyprus, Gibraltar and Belize, a potentially dangerous tax haven for its clients due to its lack of regulation and lack of seriousness. Clients are unprotected. The company is located in a very unsafe place, be careful. ⚠️

Account types

Now we will analyze the types of accounts offered by RoboForex – RoboMarkets, in this case, we observe that it offers 3 different types of accounts:

Account typeMinimum initial deposit
Standard$0
ECN$0
HUNDRED$0

Information on the web

RoboForex website

RoboForex – RoboMarkets provides the classic economic calendar, live quotes chart, seminars, educational videos, webinars and forex calculator, among other resources. In this sense, the broker is quite complete. It should be noted that part of the tools and resources can only be used by having an account with the broker.

List of phone numbers

+357 25 123275

🚫 RoboForex Final Rating – RoboMarkets 🚫

Finally, and in a few words, our recommendation is: DO NOT INVEST WITH RoboForex – RoboMarkets.

As we mentioned before, it is a financial company located in a place where you will not have protection from the law in case of being harmed, that is, you will not be able to claim anyone if an unfortunate event occurs such as the sudden loss of your funds or the closure of the company.

In case of problems, it is most likely that the authorities of your country will not be able to do anything. As a client of this company you are unprotected!

Investing with unregulated brokers or brokers based in such countries is very risky. It is best to invest with a regulated broker, based in a serious country.

RoboForex Video Review

Updates

News about RoboForex – RoboMarkets:

Date Update – news
April 2023RoboForex is linked with robomarkets (Spanish version) In addition, depending on the client's location, they will work with one company or another.

User Reviews

What do you think of RoboForex? What has been your experience?

What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with RoboForex – RoboMarkets.

At the end of the review you will find customer comments.


How to Claim Money Scammed by RoboForex – RoboMarkets

If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.

How to Report RoboForex – RoboMarkets

If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.

FAQs

How can I report RoboForex – RoboMarkets?

This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.

Is RoboForex – RoboMarkets a scam – is it a scam?

Yes. We believe that RoboForex – RoboMarkets is Scam. We have received messages from clients who mention not being able to withdraw their capital, this added to other very negative characteristics of the company.

Is RoboForex – RoboMarkets reliable?

No. RoboForex – RoboMarkets is not trustworthy, very unsafe company: 1) is based in unsafe countries, 2) has a very bad reputation 3) has a lot of complaints 4) It is a relatively new broker without seniority. These characteristics make the company very unreliable.

How to recover money from RoboForex – RoboMarkets?

If you want to know how to recover your capital, you can see it is located here. We explain in detail the process of recovering money from a scam company, step by step.

Are there alternatives (recommended) to RoboForex – RoboMarkets?

Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.

About the Author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.
About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.
Do you want more information? You can read more about me here in my biography.

16 comments on «Is RoboForex a scam? Opinions of 2023»

  1. Sun Reply

    Their site is called Recommended Brokers and they do not recommend any broker. I don't understand…

  2. Jose Reply

    Hello, the reason for this message is to give me a little information about the roboforex broker, is it a scammer or is it safe?

    • Recommended Brokers Reply

      Hi Jose, thanks for commenting on RoboForex. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, the money is not put on the market, they only show it and in the end they tell you that you have lost and they keep it.

      If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.

      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people by investing with this company, such as the address from where its scam sellers call.

      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?

      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU

      Greetings.

  3. andres Reply

    I do not understand why so many negative comments, I have worked with them for several years and the withdrawals are instantaneous. It also has a real bonus of 60% that covers us negative floating.

    • Recommended Brokers Reply

      Hi Andres, thank you for sharing your experience with RoboForex. This broker is not recommended. If you have felt SCAMMED try to claim through our chat.
      If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
      Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
      Update March 2020: due to having found a large number of complaints and negative comments about Roboforex and considering that it is based in an unsafe country and that its regulation is unsafe, we consider that it is a non-recommended broker.
      To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU

      regards

  4. Juan Reply

    I ask the same thing as Nestor Torres
    Question: in your analysis / opinion of Forex Robo you recommend it although with caution, however in the comments when answering a comment they say that you do not recommend it, is not that contradictory? I ask this because I am looking for a reliable broker and I have already read more than half of all broker reviews and I do not see any that you recommend 100% so what is a recommendation would be from you, since every time you Someone asks them this, they turn around and do not give a concrete answer or they could at least score a top ten with their recommended brokers (not voting, which is very subjective), based on their own points that qualify as the most important thing to review when looking for a reliable broker ..

    WHICH DO YOU RECOMMEND? If you like to help us, please give us names.

    Greetings ..

    • Recommended Brokers Reply

      Hi Juan, thank you very much for the question, and you are right, we have updated the review and we can tell you that it is a broker with a large number of complaints, based in unsafe countries (Cyprus) and that it is regulated, but by a regulator which we consider unsafe (Cyprus regulator). On the other hand, if you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people by investing with this company.

      Do you have numbers, contact names, emails from which you have been contacted?

      regards

  5. Nestor torres Reply

    Good day..

    Question: in your analysis / opinion of Forex Robo you recommend it although with caution, however in the comments when answering a comment they say that you do not recommend it, is not that contradictory? I ask this because I am looking for a reliable broker and I have already read more than half of all broker reviews and I do not see any that you recommend 100% so what is a recommendation would be from you, since every time you Someone asks them this, they turn around and do not give a concrete answer or they could at least score a top ten with their recommended brokers (not voting, which is very subjective), based on their own points that qualify as the most important thing to review when looking for a reliable broker ..

    Greetings ..

    • Recommended Brokers Reply

      Hello Nestor, we do not recommend it, it is an unregulated company with a bad reputation.

    • Recommended Brokers Reply

      Hello Jorge, thank you very much for your questions, any broker regulated in a serious country and based in a serious country.

      Greetings.

  6. Mauricio Piedrahita Reply

    I am in Colombia and I have an ECN Pro account, I want to know about the withdrawal methods they have, such as the procedure with Colombia. That is not with a credit card.

    • Recommended Brokers Reply

      Hi Mauricio, you should discuss that with them, although we do not recommend RoboForex.

      Greetings.

  7. Luciano Reply

    A total scam, it is pure fantasy, you will never be able to withdraw and if you do they will withdraw small amounts so that you are calm, a total scam everything is a lie,

    • Recommended Brokers Reply

      Hi Luciano, thanks for your comments, it's really a shame what you mention. Do you remember how you came across RoboForex in the first place?

      Greetings.

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