RoboticsForex Review: You Should Not Trade With This Broker

RoboticsForex’s dangerous nature rests solely on its ability to create a somewhat convincing website. Other than that, behind this illusion, most of the aspects are what you can call typical scammer broker things.

From the fake address in Germany to providing non-functioning phone numbers to presenting itself as a regulated broker with fake licenses, there is a lot that RoboticsForex broker did. Because of that, we have made this RoboticsForex broker review to help you understand better how this type of investment scam operates and why you should stay away.

Is RoboticsForex Reliable? Safety and Regulation

As we have mentioned, RoboticsForex has falsely presented itself as a regulated broker that operates from Germany with a regulation from CySEC. But here is how it’s very easy to tell it’s just one big lie.

It has a leverage of up to 1:100, which is banned not only by the Cypriot regulatory body but the entire EU framework for the markets. Of course, it is nothing new for scam brokers to lie about their regulations to make it seem like they are more reliable than they really are.

It is more likely that RoboticsForex is actually run by one of the many offshore scam havens which do not have any kind of oversight on their forex markets. Obviously, dealing with them is very dangerous.

Overview of the Broker’s Trading Platform

A lot can be said about the manipulative trading software they are offering. First of all, you can’t access it without signing up.

The trading platform available is some sort of web trading software but it demands a deposit before you can take a further look into it. This is another red flag as legitimate brokers always provide demo accounts that clients can use to see what they are getting into.

Offshore companies like this one, operate with just one goal and that is to scam you out of your money, and that’s why it is impossible to check anything out before you make a hefty payment.

Always look for brokers who offer either MT4 or MT5 as they are the industry standard now and give you numerous features to make your trading experience fast and enjoyable.

RoboticsForex Account Types

In regards to the account types offered by RoboticsForex, we managed to find nothing. Yes, you read that right. There is no mention of any account types on their website anywhere.

The only thing we managed to find is the minimum deposit which is $150. With this said, we strongly advise you to stay away from this or any other fraudulent brokerage alike.

Available RoboticsForex Funding Methods

This will come as no surprise to anyone, but this scam broker only offers one deposit method and that is:

• Cryptocurrencies

Legitimate brokers typically offer clients a wide choice of transparent payment methods, including bank transfers, credit/debit cards, and established e-wallets. On the contrary, scammers prefer cryptocurrencies because these transactions are much harder to get refunded.

On top of this, the minimum deposit you need to start with is $150, and we found no mention of fees associated with this transaction but there probably are many.

And as for the withdrawal policy, the only available method is crypto once again, and there is no mention of any fees but that certainly does not mean they don’t exist. Scam companies like this one often make withdrawing money almost impossible with many additional and hidden charges.

How Does the Scam Intervene?

There are many shady tricks offshore scam brokers pull to make their potential clients invest.

Most commonly, they will offer very high deposit bonuses, which of course come with a certain set of strings attached. To withdraw any money, you will typically need to reach an enormous turnover. Of course, that is practically impossible as the platform you will use for trading isn’t even the legit thing.

It is obvious these claims are nothing more than a bunch of lies written to get you to invest. And in combination with persuasive agents that will likely call you every day to convince you this is a legit thing, it can be hard to stay firm and avoid them.

RoboticsForex Summary

In this RoboticsForex review, we gave you a better insight into how this illicit German-based broker operates. Not only are they unregulated and unlicensed but they falsely claim to be.

They also claim to offer their customers an opportunity to invest in forex, CFD, stocks, and cryptocurrencies. However, something as basic as their website is currently inaccessible, indicating that you are dealing with a scam.

Additionally, they failed to provide something as basic as a working WebTrader or account types.

FAQs About RoboticsForex Broker