RoboticsForex: traders’ reviews on the company’s performance in 2022
Reviews of traders about the work of the company RoboticsForex in 2022
To attract new clients, scam brokers use various tricks, offering promotions, bonuses, and creating beautiful websites. One such scammer is RoboticsForex, promising improved conditions for traders of all levels. However, one should be cautious: the creators of the scam project are focused solely on enriching themselves at the expense of trusting traders. Why should one beware of scams with such “brokers”? What information do investors leave about them? We will provide answers to all these questions below!
Verification of information on the website roboticsforex.com
RoboticsForex claims to strive to become a leader among brokerage organizations in Europe and Asia in 2022. It is claimed that currently 33,000 traders cooperate with them, and the project has been in existence since 2019. However, there are almost no reviews about them, which raises suspicions. Checking the domain registration date showed that the site was created just a month ago, and its registration took place in 2016, with an update in 2022. This indicates the actual launch date of the project, as previously the site was put up for sale.
The creators of RoboticsForex promise to turn beginners into experienced traders capable of making significant daily profits. However, doubts arise from the fact that the quality and design of their website do not correspond to that of a serious company, but rather indicate a lack of investment in quality web design and content. Scammers understand that negative reviews will start to appear soon, so they do not try to create long-term projects.
Verification of legal documents
In the “User Agreement” of RoboticsForex, it is stated that disputes between the company and clients should be resolved in Vanuatu, although there is no information about the company’s presence in the registry of this region. The agreement points also do not promise protection of traders’ interests, but, on the contrary, allow the company to make changes to transaction terms without warning. It is claimed that RoboticsForex holds licenses from IFSC, CySec, and FSC Mauritius, however, a check revealed their absence in the databases of the respective regulators.
The company also claims to operate under the supervision of FCA, ASIC, DFSA, and FSCA, but the lack of documentation and scanned copies of licenses confirms that this is most likely false information. According to the verification, there is no information about RoboticsForex in the databases of the mentioned organizations.
What offers does RoboticsForex make?
According to the company, trading is carried out on the convenient XCritical platform. Three types of accounts are offered, the opportunity to start with 150 USD, spreads from 0.1 points, no slippage or requotes, and fast order execution. However, the use of leverage 1:500 is a sign of dishonest activity by RoboticsForex, as it contradicts the rules of European regulators.
Company reviews
There are only two reviews on the company’s website, both of which are negative. Clients complain about the trading terminal and claim that quotes are manipulated, leading to capital loss.
How does RoboticsForex deprive clients of funds?
Despite the minimum deposit of 150 dollars, the company insists on depositing at least 1000 dollars, claiming that only with this amount can real money be earned. Each client is assigned a personal manager who recommends where to invest capital. However, no real trades take place, and the profit is simply “shown” on the balance. Later, managers force clients to deposit additional funds, promising profitable deals that are actually fraudulent. In case of losses, the company disclaims responsibility under the “User Agreement”.
Conclusion
RoboticsForex is a typical financial scam project. Trusting it can lead to a complete loss of investments. False promises, lack of licenses, and unreliable information make cooperation with it dangerous for the financial well-being of clients.
Unimpressed and disappointed is an understatement when it comes to describing my experience with RoboticsForex. The platform was awfully glitchy and frequently hung up on me in the middle of trades. This affected my trading workflow and led to substantial financial loss. High commission rates and hidden fees were another major downside as they kept eating into my profits. But what took the cake was their non-existent customer service. I did not receive any help or response regardless of the number of times I contacted them regarding my issues. My advice is to stay clear of RoboticsForex; there are many other more efficient and customer-centric trading platforms out there.