Does RoboForex Pay Out Profits?
Yes, RoboForex guarantees timely payment of profits. Traders report that the company processes withdrawals within 1-3 days. RoboForex adheres to FSC Belize regulations (license No. 000138/437).
"Does RoboForex pay?" is a common question among beginners. The answer is yes, RoboForex offers multiple user-friendly payment methods for withdrawals. This article will explain why RoboForex is a safe broker, how to withdraw funds, and the withdrawal limits.
Is RoboForex paying out profits?
Yes, RoboForex guarantees timely payment of profits. This is a reliable and regulated trading platform. It strives to keep users' assets safe and is governed by reputable financial regulators. RoboForex holds a license from IFSC Belize (license No. 000138/437), ensuring the company's integrity and solvency.
As a top participant with the Financial Commission, RoboForex guarantees that clients' financial endeavors are protected. In 2023, it won the International Business Magazine Awards' Most Trusted Broker title, highlighting its safety and reliability.
Regulation and safety
Score: 9.73 /10
Information
RoboForex is regulated by the International Financial Services Commission - FSC Belize (license 000138/7).
FSC Belize is an international financial regulator. The commission sets strict requirements for all its members, and only those companies that meet the regulator's standards and comply with all its requirements are licensed by the organization.
Thus, RoboForex carries out financial activities under its regulations and their requirements, which provide traders with clearly defined rights and obligations and thereby safely secure their monetary assets.
👍 Advantages
• Clear regulations for trading operations
• Governs the relationship between a broker and a trader
• Ability to file claims in the case of a dispute
• Governs trading NASDAQ and NYSE stocks
👎 Disadvantages
• A large number of regulatory documents, which must be studied before starting cooperation with RoboForex
How to withdraw from RoboForex
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Sign in: Go to the RoboForex website and log in to your membership area.
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Withdraw funds: Select "Withdraw Funds."
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Confirm account: Ensure the active account for withdrawal is selected.
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Choose payment method: Select your preferred withdrawal method from the drop-down menu.
Note:
Additional information may be required based on the payment method. Withdrawals are processed between 9:00 a.m. and 6:00 p.m. (EET) on business days. For help, contact RoboForex Live Support.
Possible withdrawal issues:
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Payment option constraints: Verify your selected method's specifics.
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Account validation: Ensure your account is verified.
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Margin and balance: Check available margin and balance.
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Open positions/orders: Close any open positions or pending orders.
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Withdrawal terms: Review RoboForex’s policies.
If you encounter any other issues, you may contact RoboForex customer service for assistance.
How long does it take to withdraw?
Withdrawal times from RoboForex can vary, depending on the chosen method. Typically, withdrawals are processed within 24 to 48 hours on business days. Processing times differ for e-wallets, bank transfers, and credit/debit cards. A trader's location can also affect available payment options and processing times. Moreover, withdrawals are usually processed on trading days. Check the RoboForex schedule for details.
The table below compares various payment options and their respective withdrawal times.
Payment options and withdrawal times
| Payment Method | RoboForex withdrawal time limit |
|---|---|
Bank Transfer (SEPA) |
up to 3 days |
up to 10 days |
|
Local Bank Transfer |
up to 1 day |
up to 1 day |
|
AstroPay |
up to 1 day |
Perfect Money |
up to 1 day |
STICPAY |
up to 1 day |
up to 1 day |
Additionally, the maximum or minimum withdrawal amount for RoboForex varies based on the withdrawal method you select.
RoboForex offers its traders adjustable limits. You can start a withdrawal with as little as $1 or as much as $50,000. This amount varies from $1 to $5 for the majority of payment methods. For bank transfers, the maximum minimum withdrawal amount is $500, or the equivalent in euros.
Payment options and minimum withdrawal amount
| Payment Method | RoboForex withdrawal minimum |
|---|---|
Bank Transfer (SEPA) |
500 – 49,990 EUR |
VISA/MasterCard/JCB/CUP |
10 - 10,000 USD |
Local Bank Transfer |
up to 20,000 USD |
Skrill |
1 - 100,000 USD |
AstroPay |
0 - 10,000 USD |
Perfect Money |
from 0.1 USD |
STICPAY |
10 - 49,999 USD |
Neteller |
5 - 100,000 USD |
FAQs
How long does it take to withdraw money from RoboForex?
Traders can typically withdraw money from RoboForex within two business days. However, the time frame for each payment option can vary and may be extended by up to 48 hours. RoboForex processes withdrawal requests from 9:00 a.m. to 6:00 p.m. (EET) Monday through Friday. Requests made outside these hours may take longer to process.
Does RoboForex charge for withdrawals?
RoboForex does not charge fees for withdrawals, but third-party payment providers may impose fees. These fees are not controlled by RoboForex, so traders should check the withdrawal fees set by the payment provider before making a selection.
How does RoboForex make money?
RoboForex generates revenue through the bid-ask spreads it provides to customers, similar to many other retail Forex and CFD brokers. For some account types, RoboForex may also charge a commission, along with swap or rollover fees. Increased trading activity, particularly during times of market volatility, leads to higher broker commissions, spreads, and fees, benefiting RoboForex.
How long does it take to deposit on RoboForex?
The time to deposit money into a live trading account on RoboForex varies depending on the selected payment method but typically ranges from 1 to 5 days.
Team that worked on the article
Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.
As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).