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RoboForex regulation and how it scores
Regulation carries the heaviest weight in the score, which is why it is scored first. Here is RoboForex's licensing and the protections behind it.
Facts last checked . Read the full RoboForex review.
Regulation and safety
- Regulated by
- Financial Services Commission of Belize (FSC), licence 9759600
- Regulator tier
- Tier 3
- Register entry
- Belize FSC register, licence 9759600
- Client money segregated
- Yes
- Held at
- Regulated banking institutions; specific bank not publicly disclosed
- Negative balance protection
- Yes
- Compensation scheme
- Financial Commission Compensation Fund, up to €20,000 per eligible complaint
- Audited by
- Independent external auditors
- Not available to
- USA, Canada, Japan, Australia, Bonaire, Brazil, Curacao, East Timor, Indonesia, Iran, Liberia, Saipan, Russia, Sint Eustatius, Tahiti, Turkey, Guinea-Bissau, Micronesia, Northern Mariana Islands, Svalbard and Jan Mayen, South Sudan, Ukraine, Belarus and other restricted jurisdictions
What this means
Regulation carries the heaviest weight in the score, which is why it is scored first.
RoboForex's licence is offshore (FSC). Offshore entities typically offer higher leverage and lighter reporting, and compensation schemes do not apply - the trade-off is protection, not price.
An FSC licence (Mauritius or Belize, depending on the entity) is an offshore authorisation with lighter reporting duties than a tier-one regulator.
Client money is held separately from the firm's own money, at Regulated banking institutions; specific bank not publicly disclosed. That separation is what makes your balance recoverable if the company fails, rather than part of the pool its creditors divide up.
Negative balance protection applies, so a losing position cannot take the account below zero and leave you owing the broker money.
Covered by Financial Commission Compensation Fund, up to €20,000 per eligible complaint, which pays eligible clients up to its limit if the firm fails owing client money.
Questions about RoboForex regulation
Is RoboForex tier-one regulated?
RoboForex's strongest licence is recorded as Tier 3.
Who regulates RoboForex?
RoboForex is regulated by Financial Services Commission of Belize (FSC), licence 9759600.
Does RoboForex offer negative balance protection?
Yes. RoboForex offers negative balance protection, so a losing position cannot leave you owing the broker more than your account held.
Regulation at brokers under the same regulator
- XM regulation also licensed by FSC (Belize)
- Exness regulation also licensed by FSC (Belize)
- XTB regulation also licensed by FSC (Belize)
- Scope Markets regulation also licensed by FSC (Belize)
- Xtrade regulation also licensed by FSC (Belize)