Reviews About Roboforex From Clients In Finland
Regulators in Finland allow offshore brokers to provide services to anyone interested in trading, but they must be regulated. RoboForex is a well-known broker in Finland, renowned for incorporating advanced trading tools suitable for both novice and expert traders. It is recommended that traders research RoboForex reviews before registering. So, in this article, TU experts will present traders with Roboforex reviews in Finland.
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Can RoboForex be trusted?
Yes. RoboForex is regulated, adheres to the trading terms in the EU set by the European Securities and Markets Authority (ESMA), is a category "A" member of the Financial Commission's Compensation Fund, possesses a Verify My Trade (VMT) certificate, and integrates a civil liability insurance program with a maximum cap of 2,500,000 EUR. The client's funds are deposited in a segregated account, and there are negative balance protections for the client's account.
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What country is RoboForex from?
RoboForex Ltd. was established in 2009 and is based in Belize City, Belize, a small nation in Central America. Its head office is located at 2118 Guava Street, Belama Phase 1, Belize City, Belize. The company is governed by the FSC under license 000138/437.
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How do I trade with RoboForex?
You must open and verify a trading account to start trading on RoboForex. To open an account, go to RoboForex's official website, click "open account," complete the form to enter the membership area, and select the account type. Enter the necessary data in each field as directed by the on-screen instructions. Click confirm when you are through. To start trading, open your choice of trading platform, which could be MT4, MT5, cTrader, or the RoboForex proprietary trading platform, to choose your ideal trading instruments and place your order.
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Is RoboForex a good broker?
Considering the features and trading tools RoboForex provides for traders, this broker is among the best trading platforms in Finland. First, the broker is regulated by the FSC in Belize, and the platform is easy to navigate. RoboFore integrates top security features like two-factor verification and negative balance protection, and customers' assets are stored in separate accounts. Again, the broker transaction fees are low, and you need a minimum of 10 dollars to start trading on the platform.
Roboforex reviews from traders in Finland
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Comment
Today,April 11, 2024, I made a deposit using a new payment method to fund my RoboForex trading account. I always received the deposited amount real-time in my previous service provider and was expecting the same this time. That did not happen unfortunately. I waited for five hours before finally contacting the RoboForex customer service just in case it was just a minor glitch in the system. The platform has a number of customer service channels to choose from like Whatsapp, Telegram, Messenger, etc which is convenient. I contacted them through Facebook Messenger at 2 pm local time (+8 GMT) and got a response right after I sent my concern. Website says customer service is 24/7. Was asked to provide my trading account number and made it clear that some transactions can take up to five business days to reflect, depending on the service provider. But somehow the funds made it into my account within the day after the interaction. Happy about their prompt response on this one.
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Comment
I signed up with RoboForex two weeks ago and the process went smoothly overall. Only one thing to remember: they have a specific requirement on the password format which took a bit of my time. I use the same password on all my trading accounts which RoboForex kept rejecting, so had to come up with a new one which for me is a source of slight inconvenience for my future transactions. After submitting the documents confirming my identification and home address, they sent me an email informing that my MT4 Pro account has been successfully opened. It’s fast. There are four different account types to choose from: Demo, Real, CopyFX Trader, and Partner which appeals to different types of traders and I selected a demo since I am a beginner. From my understanding you can open multiple accounts at once and there can be different types, depending on preference. The demo account has a $10,000 balance and a 1:1000 leverage and I just started playing around. Wish they will be more flexible with th
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Comment
RoboForex is a beginner-friendly platform. I was able to set up an account by following the instructions I saw in the blogs section. After setting up a demo account, I opened the web trader version of the trading platform, and the educational guides on how to trade I found on this trading platform have helped me in my trading journey. The educational resource explained the importance of studying the price movement of the asset you choose and how to select the order volume, of which 1.0 is the recommended value. Beginner traders can consider the educational resource available on the RoboForex platform as there are provisions for those looking to learn how to trade using major trading pairs like GBP/USD, EUR/USD, USD/JPY, USD/CHF, AUD/USD, USD/CAD, etc.
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Comment
I've been trading with Roboforex for over 2 years now, and I can't say anything bad about the broker. Their trading conditions are better than those of larger companies. The spreads on ECN accounts are minimal; it's a pleasure to scalp on the EUR/USD pair. Yes, during increased volatility, spreads may widen, but I don't trade the news, so it's not essential for me. Also, I take advantage of Roboforex's free VPS for automated trading. I recommend this company
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Comment
I've been trading with Roboforex for over 2 years now, and I can't say anything bad about the broker. Their trading conditions are better than those of larger companies. The spreads on ECN accounts are minimal; it's a pleasure to scalp on the EUR/USD pair. Yes, during increased volatility, spreads may widen, but I don't trade the news, so it's not essential for me. Also, I take advantage of Roboforex's free VPS for automated trading. I recommend this company.
Is RoboForex regulated in Finland?
RoboForex is governed by regulations set forth by financial regulators in Belize, not Finland. As a result, the answer to the question "Is RoboForex regulated in Finland?" is no, but the broker accepts clients from Finland.
The Financial Services Commission (FSC) regulates RoboForex as a financial brokerage. Its registration number is 000001272, and its license number is 000138/437. The address where the company is registered is Belama Phase 1, 2118 Guava Street, Belize City, Belize. RoboForex continues to provide traders in Finland with premium services as they comply strictly with the financial standards set forth by the Financial Services Commission to provide investment services.
RoboForex takes strong security precautions and complies with all FSC regulations to guarantee the security of its traders. RoboForex, being a Category "A" member of the Financial Commission's Compensation Fund, ensures traders receive compensation of up to €20,000 per instance if they violate Financial Commission rulings. RoboForex Ltd. has received the Verify My Trade (VMT) execution quality certificate, and they have put in place a civil liability insurance program that provides industry-leading protection against mistakes, fraud, omissions, negligence, and other risks that could result in financial losses for clients, with coverage up to €2,500,000.
RoboForex reduces the risk of fraudulent activity by upholding a strong commitment to integrity and dependability. RoboForex uses segregated client, two-factor authentication, and mobile number verification techniques to guarantee the security of client accounts and protect users' investments. To begin deposits or withdrawals, traders must also finish the verification process, which includes verifying their address and passport. In addition, RoboForex offers different educational materials on trading, providing precise direction regarding their rights, obligations, and investment education.
Does RoboForex pay?
Yes. RoboForex pays out profits to traders trading on the platform. The majority of trader reviews for RoboForex attest to the possibility of withdrawing money from RoboForex, which they claim to be fast.
RoboForex withdrawals typically take 24 to 48 hours to process during business days. Different payment methods have their own processing times. The table below compares the various payment options and the time it takes to process withdrawal orders.
| Payment Method | RoboForex withdrawal time limit |
|---|---|
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Local Bank Transfer |
up to 1 day |
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VISA/MasterCard/JCB/CUP |
up to 10 days |
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Bank Transfer (SEPA) |
up to 3 days |
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up to 1 day |
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STICPAY |
up to 1 day |
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Perfect Money |
up to 1 day |
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AstroPay |
up to 1 day |
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up to 1 day |
Withdrawing funds from your RoboForex account requires that you be logged into your membership area. In your membership area, select withdraw funds, and confirm that the account you want to withdraw funds from is open and operational.
After that, select your preferred withdrawal payment method and follow the on-screen instructions to finish the withdrawal. The minimum and maximum withdrawal amounts offered by RoboForex vary based on the withdrawal option you select.
Short summary about RoboForex
RoboForex is distinguished as a trustworthy brokerage company regulated by Belize's Financial Services Commission (FSC). The broker account opening process is fast, and you can start trading after depositing $10. The platform trading conditions will interest novice and expert traders. RoboForex offers fast order executions, instantaneous withdrawals, and competitive spreads starting at 0 pip.
RoboForex integrates up to five real account types in addition to demo and Islamic account options. The demo account is a free trading account best for practicing trading on the platform. Leverage is available for trading, and there are no fees associated with withdrawals, inactivity, or money deposited into trading accounts. With 12,000 financial instruments, fast order fulfillment, negative balance protection, and a free virtual private server (VPS), RoboForex has something for every trader.
RoboForex stands out as a reputable brokerage firm, aligning with the regulatory standards set by the Financial Services Commission (FSC) in Belize. The platform offers enticing trading conditions with rapid order executions, instantaneous withdrawals, and competitive spreads beginning at 0 pip, catering to novice and expert traders.
A $30 welcome bonus, a wide selection of 12,000 financial instruments, a free virtual private server (VPS), negative balance protection, and quick order fulfillment are available verified traders. Traders have options to trade instruments like CFDs on stocks, indices, commodities, energy, futures, cryptocurrency, and currency pairs.
Team that worked on the article
Peter Emmanuel Chijioke is a professional personal finance, Forex, crypto, blockchain, NFT, and Web3 writer and a contributor to the Traders Union website. As a computer science graduate with a robust background in programming, machine learning, and blockchain technology, he possesses a comprehensive understanding of software, technologies, cryptocurrency, and Forex trading.
Having skills in blockchain technology and over 7 years of experience in crafting technical articles on trading, software, and personal finance, he brings a unique blend of theoretical knowledge and practical expertise to the table. His skill set encompasses a diverse range of personal finance technologies and industries, making him a valuable asset to any team or project focused on innovative solutions, personal finance, and investing technologies.
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.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.
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). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.