Reviews About RoboForex From Clients From Germany

Since trading Forex can be risky, traders should incorporate safeguards that reduce risk wherever possible. Trading with a reliable and regulated broker is a safe entrance into the trading industry, and RoboForex reviews in Germany will help you know more about the broker. Reviews about RoboForex are necessary for potential traders contemplating investing in the platform.

However, in this article, TU experts will introduce traders to some of the top RoboForex reviews in Germany and their regulatory status.

RoboForex Review

Open an account

Your capital is at risk.

• Why should I read reviews about RoboForex?

  Reading reviews gives potential traders firsthand experience and knowledge of what to expect from RoboForex. Since reviews are from previous users of the platform, you can tell if the broker's services are genuine, although you have to be mindful of where you read this review as some are manipulated.

• How many years has RoboForex been operating?

  RoboForex was launched in 2009, which means that as of 2023, the broker has been operating for 14 years and counting. RoboForex is not relenting, as the company keeps on developing and enhancing its services in the financial sector.

• Does RoboForex work legally or not?

  RoboForex is a legal broker and Forex software provider that is authorized and registered with the FSC in Belize City. The company is based in Belize City, with a business address at 9724 Ramiro Duran Street, Belize City, and a registered address at 2118 Guava Street, Belama Phase 1, Belize City, Belize. They provide both retail and corporate clients with services for trading. However,traders from Germany should take into account that RoboForex is not regulated by BaFin.

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

9.73

/10

Regulation and safety The score for this parameter is based on the licenses a company holds. The higher the level of the license, the higher the score. Obtaining licenses in other jurisdictions also improves a broker’s score. We divide all licenses into three levels:

Level 1 jurisdictions (high level of trust): CFTC – USA, FINMA – Switzerland, FCA — UK, ASIC – Australia, CBI – Ireland, JFSA — Japan, MAS – Singapore, FMA — New Zealand, IIROC – Canada, SFC – Hong Kong.

Level 2 jurisdictions (medium level of trust): CySEC – Cyprus, FSCA – South Africa, CBRC – China, SEBI – India, ISA – Israel, SECT – Thailand, DFSA – United Arab Emirates

Level 3 jurisdictions (low level of trust): FSC – Belize, FSC – British Virgin Islands, FSC – Mauritius, VFSC – Vanuatu, SCB – The Bahamas, BMA – Bermuda, CIMA – Cayman Islands

8.20

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

9.71

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

8.75

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

8.95

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

9.17

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

6.86

/10