RoboForex

RoboForex is a forex and CFD broker operated by RoboForex Ltd, founded in 2009 and registered in Belize. It holds a licence from the Financial Services Commission (FSC) of Belize, an offshore regulator, under licence number 9759600. The broker offers four account types (ProCent, Pro, ECN and Prime), the MetaTrader 4 and MetaTrader 5 platforms alongside its own web platform and mobile app, and leverage of up to 1:2000 on its spread-based accounts. It does not accept clients from the United States.

The trade-off is clear. RoboForex combines a long operating history, a wide product range and very high leverage with offshore-only regulation. That gives more flexibility than brokers supervised by tier-one regulators, but less formal protection.

Who operates RoboForex and how it is regulated

The contracting company is RoboForex Ltd, and the official website is roboforex.com. Its operating history since 2009 covers several market shocks and regulatory changes and sets RoboForex apart from the many short-lived offshore brands that disappear within a few years.

The FSC Mauritius licence

RoboForex holds this licence:

• Regulator: Financial Services Commission, Mauritius (FSC-MU)
• Licensed entity: RoboForex Ltd
• Licence number: 9759600
• Regulator tier: Offshore

RoboForex Ltd is incorporated in Belize, and its licence also comes from Belize’s Financial Services Commission. Brokers that operate across several jurisdictions often onboard clients through different legal entities, so the client agreement, not the marketing page, determines which company holds your funds and whose rules apply.

What “offshore” changes for a client

An offshore licence is still a licence. The firm is registered, has an identifiable regulator and can be looked up by number. What changes is the depth of the rulebook. Tier-one regulators such as the UK’s Financial Conduct Authority or Australia’s ASIC impose strict capital requirements, detailed conduct rules, leverage caps for retail clients and, in some jurisdictions, access to compensation schemes. Offshore regulators generally set lighter requirements, and that lighter regime is what allows features such as 1:2000 leverage.

In practice, this affects three things:

1. Dispute resolution. If a disagreement over a trade or withdrawal arises, your route is through the broker’s complaints process and then the Belize regulator, not a domestic financial ombudsman in your own country.
2. Leverage. Retail leverage caps that apply in the EU, UK or Australia do not bind an offshore entity in the same way, so far higher ratios are available.
3. Recourse if the firm fails. Protections such as segregated accounts, negative balance protection and compensation schemes vary by regulator and by entity, so the protections of your home market do not automatically apply.

How to confirm the licence yourself

The licence number can be checked with the regulator in a few minutes:

1. Open the public register of the Financial Services Commission of Belize on the regulator’s own website. Type the address yourself rather than following a link.
2. Search by licence number 9759600 or by the name RoboForex Ltd.
3. Check that the status is active and that the licensed activity covers dealing in securities or investment services relevant to CFD trading.
4. Compare the company name, and where the register lists it, the website domain, with what appears on roboforex.com.

Clone sites that copy a real broker’s name and licence number are a known scam pattern across the industry. A matching domain and a direct deposit route through the official client area are the simplest defenses.

Account types: four ways to pay for trading

RoboForex divides its offer into four accounts. They fall into two pricing groups: two accounts that build costs into the spread and offer the highest leverage, and two that start from a zero spread with lower leverage caps.

ProCent

ProCent has spreads from 1.3 pips and maximum leverage of 1:2000. Cent accounts generally display the balance in cents of the base currency, so positions can be opened in very small sizes and you experience real execution and slippage without committing a large balance. Confirm the contract size and lot conversion on the account page before placing trades, because a “lot” on a cent account does not represent the same notional amount as a lot on a standard account.

Pro

Pro carries the same headline terms as ProCent: spreads from 1.3 points and leverage up to 1:2000. It is the standard-account counterpart for traders who want ordinary lot sizes and spread-based pricing. On a spread-based account, the broker’s markup sits inside the bid-ask gap, so the cost of a trade is visible in the quote itself.

ECN and Prime

ECN and Prime both have spreads from 0 points. Their leverage caps are lower: up to 1:500 on ECN and up to 1:300 on Prime. A zero spread floor means the broker’s revenue on these accounts has to come from somewhere other than a widened quote, typically a separate commission charged per lot traded, which belongs in any cost comparison against Pro. These accounts suit more active traders who care more about raw pricing than maximum gearing.

Choosing between them

If you trade rarely, the simplicity of an all-in spread can outweigh a small price difference. If you trade often, compute your cost per round trip on both models using your own typical position size.

Trading costs explained

The EUR/USD spread on ProCent starts from 1.3 points. To use that figure well, you need to know what a “point” is, what “from” means, and which other charges sit around the spread.

Points, pips and what “from” means

In MetaTrader, a point is the smallest price increment the quote displays. On a five-digit EUR/USD quote (for example 1.12345), one point is 0.00001. A pip in conventional forex usage is 0.0001 for EUR/USD, which equals ten points on a five-digit quote. Brokers do not always use these terms consistently, and the two readings of “1.3 points” differ by a factor of ten. Check the live spread in the platform’s market watch, where the gap between bid and ask leaves no ambiguity.

The word “from” marks a minimum, not an average. Variable spreads widen when liquidity thins, for example around the daily rollover, during major economic releases, at weekend opens and in quieter trading sessions. The spread you actually pay is the one in effect when your order fills.

To turn any spread into money, use this formula:

Spread cost = spread (in price units) × contract size × number of lots

Hypothetical example, not RoboForex’s terms: on a standard lot of 100,000 units of EUR/USD with the account in US dollars, a spread of 0.0001 (one pip) costs 0.0001 × 100,000 = $10 per round trip. The spread is paid once, as the gap between the price you buy at and the price you could sell at, so it is a round-trip cost.

Commission on raw-spread accounts

On ECN and Prime, add the commission to the spread. Commissions in the industry are quoted either per side (charged on opening and again on closing) or per round trip (one charge covering both). A rate quoted per side costs double over a complete trade. When you compare a raw-spread account against Pro, convert both to the same unit, a round trip on one standard lot, before deciding which is cheaper.

Hypothetical example: if a raw account showed an average spread of 0.2 pips and a commission of $3 per side per lot, the round-trip cost would be $2 (spread) + $6 (commission) = $8 per standard lot. Compare that against the average Pro spread at the same time of day, not against the “from” figure.

Overnight financing and other charges

Positions held past the daily rollover usually incur a swap, a financing adjustment based on the interest rate difference between the two currencies (or the financing rate on an index, commodity or crypto CFD) plus the broker’s markup. Swaps can be positive or negative and differ for long and short positions. For trades lasting days or weeks, the swap can exceed the spread, so look up the swap rates in the contract specification in MT4 or MT5 before holding a position overnight.

Currency conversion is another cost that is easy to miss. If your account currency differs from the currency of your deposits, or from the quote currency of what you trade, conversions add to the total.

Leverage up to 1:2000

RoboForex has a dedicated page for leverage above 1:2000, so terms at the top of the range may carry their own conditions.

Margin math

Leverage sets the margin, the deposit the broker locks up to keep a position open.

Required margin = position notional value ÷ leverage

Hypothetical example: one standard lot of EUR/USD at an assumed price of 1.1000 has a notional value of 100,000 × 1.1000 = $110,000. The margin needed at each account’s maximum leverage would be:

Higher leverage reduces the margin required. It does not change the size of the position or what each pip is worth. A one-lot EUR/USD position moves by roughly $10 per pip whether you open it at 1:30 or 1:2000.

How leverage changes risk

Hypothetical example: a trader deposits $500 and uses 1:2000 leverage to open the largest EUR/USD position the margin allows at an assumed 1.1000. That is about 9 standard lots (roughly $990,000 notional, $495 margin). At about $90 per pip across 9 lots, an adverse move of around 5.5 pips would erase the entire $500 of equity, and the stop-out level would close the position before that. Moves of that size happen within minutes on an ordinary trading day.

The same $500 used for a 0.1-lot position needs only $5.50 of margin at 1:2000 and loses about $1 per pip. Size trades from the amount you are willing to lose to your stop-loss, not from the margin available. A position size calculator turns account balance, risk percentage and stop distance into a lot size.

Keep balance and equity apart. Balance reflects closed trades; equity includes the floating profit or loss on open positions. Margin calls and stop-outs are triggered by equity relative to used margin, so a balance that looks healthy can still be stopped out if open positions are deep in loss.

Context: leverage caps elsewhere

EU rules introduced by ESMA in 2018 limit retail clients to 1:30 on major currency pairs and lower ratios on other assets, and UK and Australian rules follow a similar model. In the United States, retail forex dealers must be registered with the CFTC and be members of the NFA, and retail leverage is capped at 50:1 on major pairs. That framework is the general reason offshore brokers often decline American clients, and RoboForex does not accept US clients.

Trading platforms

All four RoboForex accounts offer the same four platforms: MetaTrader 4, MetaTrader 5, a web platform and a mobile app.

MetaTrader 4

MetaQuotes released MT4 in 2005, and it remains one of the most widely used retail forex platforms. Its strengths are a large library of custom indicators and Expert Advisors written in MQL4, one-click trading, nine chart timeframes and a familiar layout, though it was designed mainly around forex.

MetaTrader 5

MT5, launched in 2010, is the multi-asset successor. It uses MQL5, offers 21 timeframes, adds more pending order types, a depth-of-market view and an economic calendar, and supports both hedging and netting. MT4 code does not run on MT5 without conversion, so traders who depend on specific Expert Advisors should check compatibility before choosing. With more than 12,000 instruments available, MT5’s multi-asset design can make the range easier to access, though the broker’s specifications determine which instruments appear on which platform.

Web platform and mobile app

The web platform runs in a browser without installation, which is useful on shared or locked-down computers, and the mobile app covers monitoring and managing positions on the move.

Markets and instruments

RoboForex offers more than 12,000 instruments, with separate asset pages for forex, indices, energies and crypto.

An instrument count in the thousands usually reflects many single-stock and ETF CFDs on top of the core forex, index and commodity list. What matters more is the spread, commission, swap, trading hours and leverage on the markets you actually trade, all set in each symbol’s contract specification. Leverage on non-forex instruments, especially crypto CFDs, is commonly much lower than the account’s headline maximum, so 1:2000 should not be assumed to apply across the range.

Crypto CFDs carry a specific risk profile. They trade on weekends when forex markets are closed, can gap sharply and often carry wider spreads and higher swaps than major currency pairs. A CFD gives price exposure only. You do not own the coin, you cannot withdraw it to a wallet, and the position is a contract with the broker.

Deposits and withdrawals

Withdrawals carry 0% commission up to 3 times per month. A trader who takes profits weekly would exceed that, while one who withdraws once or twice a month stays within it. Methods and their limits are on the deposit and withdrawal page on roboforex.com.

A broker charging no commission does not mean the transfer costs nothing. Banks, card issuers and e-wallets can apply their own fees, and converting between your local currency and the account currency adds a spread of its own. Anti-money-laundering rules followed across the industry also mean withdrawals are generally returned to the method used for depositing, up to the deposited amount. Using one funding method and keeping your verification documents current reduces the chance of delays.

Execution model: ECN and STP

RoboForex is described as an ECN and STP broker. The terms describe how orders reach the market:

• STP (straight-through processing) passes client orders to liquidity providers rather than taking the opposite side internally.
• ECN (electronic communication network) pricing aggregates quotes from multiple liquidity sources into a raw bid-ask spread, with the broker typically earning a commission rather than a markup.

The labels describe a pricing and routing model, not a guarantee of fill quality. On any market-execution account, orders fill at the best available price when they reach the server, which can differ from the one on screen. This is slippage, and it can work for or against you. A stop-loss is a trigger, not a guaranteed fill price: in a fast market or over a weekend gap, a triggered stop becomes a market order and fills at the next available price, which can be beyond your stop level.

Opening an account

The general sequence at an offshore-licensed broker such as RoboForex looks like this:

1. Register on roboforex.com, typing the address directly.
2. Verify identity and address. Expect to upload an identity document and proof of residence, which are standard know-your-customer requirements.
3. Choose the account type (ProCent, Pro, ECN or Prime) based on the pricing model and leverage you want, then select the platform.
4. Set leverage deliberately. The maximum is a ceiling, not a default you have to accept. A lower setting increases the margin per trade but does not limit your ability to size positions sensibly.
5. Fund the account through the official client area and record the method used, since withdrawals usually return the same way.
6. Start small. A ProCent account, or practice on a paper account first, shows how execution and swaps behave before more capital is at stake.

Several terms need confirming before you fund the account. The client agreement names the contracting entity, which matters because RoboForex Ltd is registered in Belize but licensed in Mauritius. It also sets out margin call and stop-out levels, negative balance terms and the complaints procedure. The ECN and Prime account pages set the commission per lot. The leverage page sets any conditions on the highest ratios for your account, instrument or balance. The deposit and withdrawal page sets the charges that apply beyond the third withdrawal in a month.

Strengths and trade-offs

How we checked RoboForex

We visited roboforex.com on 13 November 2026, connecting from Tallinn, Estonia. The home page loaded normally. In the footer, the site names RoboForex Ltd as the operator. It describes the company as incorporated in Belize and regulated by the FSC of Belize under license No. 9759600, reg. number 000001272. A separate notice sends retail clients in Europe to RoboMarkets Deutschland GmbH, regulated by BaFin under license No. 10154068. Next we opened the regulation page itself. Its risk warning states that 75.85% of retail investor accounts lose money when trading CFDs with this provider.

The trading accounts page is public, so no login was needed to read the terms. It lists a minimum deposit of 10 USD / 10 EUR on Prime, Pro, ProCent and ECN, and 100 USD on R StocksTrader. Pro is quoted at a floating spread from 1.3 pips with leverage of 1:2000. Prime starts from 0 pips, carries a commission and has leverage of 1:300. The funding pages promise 0% commission on withdrawals three times a month. We read these terms only. We did not open an account, deposit or trade.

On the same day we searched the FSC Mauritius Register of Licensees for “RoboForex”. Our search of the FSC Mauritius Register of Licensees did not return RoboForex Ltd under number 9759600. That result is less alarming than it sounds. The broker’s own regulation page says the licence comes from Belize, not Mauritius. We did not search the Belize regulator’s register, so we have not independently confirmed that licence.

Trustpilot showed a score of 2/5 from 779 reviews when we read it on 13 November 2026. The split is sharp: 52% one-star and 36% five-star. The company has claimed the profile and had replied to all 8 of the 8 newest reviews. The Wayback Machine’s first capture of the domain dates from 2004-03-26, which may predate the current brand. Execution quality and how quickly withdrawals actually arrive are things we could not test without a funded account.

Who RoboForex may suit

It may fit traders outside the United States who want MetaTrader with a choice of pricing models, who are comfortable with offshore regulation and understand what it means for recourse, and who either want a cent account for low-stakes live trading or a raw-spread account for frequent trading. Traders who value a very wide instrument list in a single account may also find the range useful.

It is a weaker fit for traders who want supervision by a tier-one regulator, the leverage limits and dispute routes that come with it, or access to a domestic compensation scheme. If that is your priority, compare brokers whose entities hold licences in those jurisdictions. The same caution applies to anyone drawn mainly by the 1:2000 ceiling: the margin it saves is only an advantage if position sizing keeps each trade’s loss to a small, planned share of equity.