Reviews about RoboForex from Clients in the UAE

Roboforex reviews from traders in UAE

Is RoboForex regulated in the UAE?

RoboForex operates under the rules set by Belizean financial regulators. Therefore, the response to the inquiry, "Is RoboForex regulated in the UAE?" is negative. RoboForex, which has registration number 000001272 and license number 000138/437, operates as a financial brokerage under the Financial Services Commission (FSC). The company's registered address is situated at Belama Phase 1, Belize City, Belize, 2118 Guava Street. Despite lacking regulation in the UAE, RoboForex persists in furnishing traders within this jurisdiction with top-tier services, steadfastly adhering to the financial standards outlined by the FSC to furnish investment services.

Given the prevalence of fraudulent brokers, UAE financial regulators advise against engaging with unregulated offshore brokerage firms. RoboForex ensures the safety of its traders through robust security measures and full compliance with FSC regulations. As a Category "A" member of the Financial Commission's Compensation Fund, RoboForex guarantees traders compensation of up to €20,000 per instance in case of violations of Financial Commission rulings.

Demonstrating its commitment to stringent guidelines established by the Financial Commission, RoboForex Ltd. has been awarded the execution quality certificate Verify My Trade (VMT). Additionally, with coverage up to €2,500,000, RoboForex has implemented a civil liability insurance program offering industry-leading protection against errors, fraud, omissions, negligence, and other risks that could lead to financial losses for clients.

RoboForex employs segregated accounts to safeguard users' investments. All security configurations are consolidated into a single module, enabling two-factor authentication and mobile number verification. In the event of compromised email addresses, clients can still fortify their Members Area through two-step authentication. Moreover, traders must complete the verification process, including passport and address verification, to initiate deposits or withdrawals. To shield clients from potential losses arising from market volatility, the broker extends protection against negative balances.

Maintaining a steadfast commitment to integrity and reliability, RoboForex significantly mitigates the risk of fraudulent activities. Through regular audits, operational oversight, and membership certification, the broker ensures the provision of effective, dependable, and transparent services. Furthermore, RoboForex furnishes users with extensive educational resources, delivering clear guidance on their rights, responsibilities, and investment education.

Does RoboForex have swap-free accounts?

Yes. RoboForex offers Islamic Swap-Free accounts, also known as "swap-free" or "interest-free" accounts, tailored to comply with Islamic Sharia law, which prohibits the charging or paying of interest. These accounts strictly adhere to Sharia law and are exclusively available for cent and regular MetaTrader 4-based accounts and affiliate accounts. They were specifically created for customers practicing Islam.

Owners of swap-free accounts receive a fixed commission based solely on the type of instrument and number of open lots, independent of interest rates provided by issuing banks. Islamic finance principles discourage speculative transactions and extreme uncertainty (gharar). As a result, trading activities involving high leverage or excessive uncertainty are typically prohibited on Islamic accounts. Switching to a Swap-Free RoboForex account type ensures that the overnight commission is determined only by the instrument and the number of available positions, preserving all other trading terms intact.

How to Become a RoboForex Partner?

A RoboForex partner is a person or organization that advertises the broker's offerings to traders to persuade them to open accounts and engage in trading. To become a RoboForex partner, open a partner account in your member area and get access to all marketing materials. As per the RoboForex partner program terms, the partner gets paid a commission for the clients they have attracted. As a partner, RoboForex considers all of your referer's transactions when determining your affiliate commission; there are no time constraints or restrictions on the variations between opening and closing prices.

The partner receives 10% of all commissions when a new customer uses their affiliate link to register and verify their account with RoboForex. The complete statistics for the clients that the partner brought in are available in the relevant sections of the member's area.

RoboForex provides its partners with an initiative called the Infinity program. This program pays out in two ways: 20% of the swap for open trades made by clients the partner brought in or up to 85% of the spread for closed transactions. You will be paid a set amount per lot for each closed transaction involving a client you brought in. RoboForex offers its affiliates competitive trading conditions, fast commission payments, and the most recent marketing tools and resources to attract new clients. Other benefits of the RoboForex partner program include:

• Up to 70% of revenue shares;

• Instant partner commission;

• Loyalty awards may include up to 20% of the total partner commission; there are no restrictions on the highest monthly payment amount or client payout;

• Everyday Disbursements;

• No Deals Limitations.

Customer service can assist you in taking the initial steps toward success and provide you with all the information you need to learn about how to make money with RoboForex Partner programs.