
Is RoboForex Regulated in Thailand? Is it Legit? - TU Expert review
RoboForex is a regulated Forex broker supervised by financial authorities in. The broker adheres to the standards established by its regulators, ensuring a secure and transparent trading environment. RoboForex countries of regulation:
Regulator | Full name | Country |
---|---|---|
FSC (Belize) | Financial Services Commission of Belize | Belize |
The Financial Commission | The Financial Commission | International |
Is RoboForex regulated in Thailand? Broker’s license
Security (Protection for Investors)
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
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Clear regulations for trading operations
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Governs the relationship between a broker and a trader
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Ability to file claims in the case of a dispute
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Governs trading NASDAQ and NYSE stocks
👎 Disadvantages
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A large number of regulatory documents, which must be studied before starting cooperation with RoboForex
Is RoboForex regulated in Thailand? Broker’s license
RoboForex regulation review
Regulator | Country | Regulation level | Investor Protection Fund |
---|---|---|---|
FSC (Belize)
|
Belize | Tier-3 | No specific fund |
The Financial Commission
|
International | Tier-3 | Up to €20,000 |
Understanding Forex Regulation Levels
When choosing a Forex broker, their regulatory framework plays a pivotal role in ensuring trust and security. Below is an overview of the different regulatory tiers:
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Tier-1 Regulators:
These authorities are globally recognized for their strict oversight and high compliance standards. They prioritize trader safety, financial transparency, and overall market stability. Notable examples include the FCA in the United Kingdom and ASIC in Australia. -
Tier-2 Regulators:
While not as stringent as Tier-1, these regulators enforce solid compliance protocols that provide traders with a fair degree of security and reliability. -
Tier-3 Regulators:
Often limited to simple registration processes, Tier-3 regulators operate in jurisdictions with minimal oversight. Brokers under Tier-3 regulation face fewer compliance demands, offering traders less protection.
Short summary about the broker RoboForex
RoboForex is a well-established brokerage company offering a broad spectrum of trading opportunities for active traders and investors alike. With an impressive selection of over 12,000 financial instruments - including currency pairs, CFDs on stocks, indices, metals, energies, and futures - RoboForex provides a versatile trading environment.
The broker boasts competitive trading conditions: tight spreads starting from 0 pips, high leverage up to 1:2000, and fast execution speeds. The broker also offers the CopyFx investment program, which allows traders to copy the strategies of successful investors and earn passive income. Additional perks include instant fund withdrawals and some of the industry’s highest affiliate payments (up to 84%).
RoboForex prioritizes reliability and client satisfaction, establishing itself as a trusted partner for traders worldwide.
💰 Account currency: | USD, EUR, GOLD |
🚀 Minimum deposit: | $10 |
⚖️ Leverage: | 1:2000 |
💱 Spread: | Floating from 0 pips |
🔧 Instruments: | Forex (currency pairs), ETFs, index CFDs, oil CFDs, CFD on European and U.S. stocks, real securities |
💹 Margin Call / Stop Out: | 40% / 10% - 60% / 40% |
Pros and cons of RoboForex
👍 Advantages of trading with RoboForex:
•Availability of favorable trading conditions and a minimum deposit
•Unique investment program CopyFx
•Highest affiliate payments: up to 84% of the fee paid by the referral
•Market launch - STP and ECN
•Instant withdrawal of funds
•Minimum deposit - $10
👎 Disadvantages of RoboForex:
•A small number of currency pairs - 28, for accounts: Pro, Pro-Cent, ECN
Why is it important for a broker to have the license in Thailand?
A financial license is the key document for any broker. It confirms that the company complies with the requirements of the financial regulator and observes the law. It is important for traders to choose a broker registered their jurisdiction for the following reasons:
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Any claim is filed at the place of the broker’s registration. Accordingly, in case any dispute arises, it will be easier for the trader to file a claim.
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A license issued in Thailand guarantees that the broker operates in compliance with the laws of this country and reports to the local regulatory authorities.
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Traders can claim compensation under the government programs of deposit guarantees in case the broker experiences financial problems.
It is also possible to choose a broker that is not regulated in Thailand. In that case, however, the company must have a license from a reliable regulator, for example of an EU country, the UK, USA, Australia, etc.
Brokers that are similar to RoboForex
In addition to RoboForex, also other brokers from this jurisdiction have the license of Thailand. RoboForex has many competitors, and before you start working with this broker, you need to compare it to other companies. TU analysts have prepared a comparison of brokers that operate in the Thailand market and have a license of this or another reliable jurisdiction.
Comparison of RoboForex with other Brokers
RoboForex | Eightcap | XM Group | Exness | FxPro | NPBFX | |
---|---|---|---|---|---|---|
Trading platform |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
MT4, MT5, TradingView |
MT4, MT5, MobileTrading, XM App |
Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 |
MT4, MobileTrading, MT5, cTrader, FxPro Edge |
MT4 |
Min deposit |
$10 |
$100 |
$5 |
$10 |
$100 |
$10 |
Leverage |
From 1:1 |
From 1:30 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:200 |
Trust management |
No |
No |
No |
No |
No |
No |
Accrual of % on the balance |
10.00%% |
No |
No |
No |
No |
No |
Spread |
From 0 points |
From 0 points |
From 0.8 points |
From 0 points |
From 0 points |
From 0.4 points |
Level of margin call / stop out |
No |
No |
No |
No |
No |
No |
Execution of orders |
Market Execution, Instant Execution |
Market Execution |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Instant Execution, Market Execution |
No deposit bonus |
No |
No |
No |
No |
No |
No |
Cent accounts |
Yes |
No |
No |
Yes |
No |
No |
Is it safe to trade with RoboForex in Thailand?
RoboForex is not regulated in Thailand. The company does not hold a financial license, which could raise certain security-related questions. Nevertheless, the company has a good reputation and has proven its reliability to traders. RoboForex offers attractive conditions; many traders in Thailand have chosen to work with this broker. However, be aware of the risks when working with such companies.
FAQ
How do I check a broker’s license?
Brokers should provide their license on their official website. It is also recommended to check it on the official website of the financial regulatory authority.
Does a broker need to have an official representative office in Thailand?
Yes. According to the rules of Thailand, brokers must have an office in Thailand. This is a mandatory condition for obtaining the license.
Can the license issued by Thailand be considered reliable protection against fraud?
Yes. The rules of the financial regulator of Thailand are very strict, which makes obtaining a license in this jurisdiction extremely difficult for scammers.
What kind of information should a broker provide for traders?
On their official websites, brokers must provide the name of the managing company, r egistration certificate, legal address and internal regulatory documents.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
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.