Is roboforex a good broker

Broker Discussion Forex Brokers
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As we all know choosing a good Brokerage Firm is vital for forex traders, I want to know what experiences you folks have had with roboforex if at all, tank you

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This broker have major problems

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It certainly has a bad reputation.

On two occasions other, better brokers have considered and investigated mergers with Roboforex but have hastily withdrawn from the discussions with them after their legal/compliance departments started doing some “due diigence”.

(One was the “Purple” group in Cyprus. I can’t at the moment remember who the other one was. :blush: ).

No first-hand experience with them (obviously), but certainly one to avoid, from what I’ve heard.

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Just an observation, George, and not intended as a criticism at all, but if you ask only people who have themselves had accounts with a specific broker, you’ll never hear from all the other people who found out terrible things about them, and wisely decided not to, will you? So the “information” you end up with may be pretty unrepresentative?

Disclosure: I’ve never used this broker (and won’t!).

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Hellooo! :blush: I also haven’t traded with this broker, but their reviews are pretty bad. :confused: This thread was from 2020, but I think some of the replies to this thread can still apply? :open_mouth:

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Roboforex reviews seems very bad online but their marketing is top notch

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That’s often the case: the ones that have the most difficulty attracting new customers (and the ones most in need of them, to replace all the people who leave) will always need the best marketing, to stay in business. There’s probably a lesson there.

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why? seems pretty average to me

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They’re two very different questions.

Forum answers to the second one probably don’t give you the answer to the first one.

That’s because brokers of this type pay people to post in forums and on some other websites saying things like “My experiences with them were great”, while if you ask people in the trading world, the answers can easily be the exact opposite and expressed in the form of strongly worded warnings.

It’s like a lot of things in everyday life. The answers you get to your questions depend on who you ask.

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hey. do they ask for KYC?

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I would hope so!! :weary:

Astonishing: you’ve read the thread (or maybe not???) but you’re still considering opening an account with these people?! :open_mouth: :hushed: :grimacing:

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