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RoboForex regulation: what happens if the firm fails

The licence is what decides where your money sits and who is obliged to do something about it. Here is who licenses RoboForex and what the protections are.

Facts last checked . Read the full RoboForex review.

Regulation and safety

Regulated by
Financial Services Commission of Belize (FSC), licence 9759600
Regulator tier
Tier 3
Register entry
Belize FSC register, licence 9759600
Client money segregated
Yes
Held at
Regulated banking institutions; specific bank not publicly disclosed
Negative balance protection
Yes
Compensation scheme
Financial Commission Compensation Fund, up to €20,000 per eligible complaint
Audited by
Independent external auditors
Not available to
USA, Canada, Japan, Australia, Bonaire, Brazil, Curacao, East Timor, Indonesia, Iran, Liberia, Saipan, Russia, Sint Eustatius, Tahiti, Turkey, Guinea-Bissau, Micronesia, Northern Mariana Islands, Svalbard and Jan Mayen, South Sudan, Ukraine, Belarus and other restricted jurisdictions

What this means

The licence is what decides where your money sits and who is obliged to do something about it.

RoboForex's licence is offshore (FSC). Offshore entities typically offer higher leverage and lighter reporting, and compensation schemes do not apply - the trade-off is protection, not price.

An FSC licence (Mauritius or Belize, depending on the entity) is an offshore authorisation with lighter reporting duties than a tier-one regulator.

Client money is held separately from the firm's own money, at Regulated banking institutions; specific bank not publicly disclosed. That separation is what makes your balance recoverable if the company fails, rather than part of the pool its creditors divide up.

Negative balance protection applies, so a losing position cannot take the account below zero and leave you owing the broker money.

Covered by Financial Commission Compensation Fund, up to €20,000 per eligible complaint, which pays eligible clients up to its limit if the firm fails owing client money.

Questions about RoboForex regulation

Is client money segregated at RoboForex?

Yes. RoboForex holds client money separately from its own funds, at Regulated banking institutions; specific bank not publicly disclosed.

Does RoboForex offer negative balance protection?

Yes. RoboForex offers negative balance protection, so a losing position cannot leave you owing the broker more than your account held.

Is there a compensation scheme at RoboForex?

RoboForex's compensation scheme is recorded as: Financial Commission Compensation Fund, up to €20,000 per eligible complaint. A scheme covers the broker failing, not losses on your trades.

Regulation at brokers under the same regulator

More about RoboForex