RoboForex Regulation
FSC
RoboForex Ltd is a financial brokerage company registered with the Financial Services Commission (FSC) of Belize under the Securities Industry Act 2021 (Registration/Licence Number 9759600) to conduct the following categories of securities business: Trading in Securities as Principal, Trading in Securities as Agent, Managing Securities, and Providing Investment Advice.
The Financial Services Commission (FSC) is a statutory authority in Belize responsible for the regulation and supervision of the non-bank financial services sector, including the registration and regulation of securities activities in and from within Belize.
The activities of the FSC are governed by the Financial Services Commission Act. In its capacity as the financial services regulator, the FSC is responsible for the licensing, supervision, and ongoing monitoring of regulated entities to ensure that financial services are provided in a transparent, efficient, and reliable manner. The FSC aims to ensure that only fit and proper, reputable, and compliant companies are authorized to operate within and from Belize.
The FSC of Belize adheres to internationally recognized standards in the area of anti-money laundering and countering the financing of terrorism (AML/CFT).
Regulator website: Financial Services Commission
RoboForex’s registration status and authorised activities may be verified in the official list of FSC registrants available on the regulator’s website under Registered Individuals & Companies
For additional verification, use the public search available on the FSC validation portal: LicenSys
All public information published on belizefsc.org.bz is administered and maintained by the Financial Services Commission.
The Financial Commission
RoboForex Ltd is an official participant of the Financial Commission, an international organization, which resolves disputes between its participants and their clients.
The purpose of the Commission is the alternative pretrial resolution of conflicts that arise between its participants and their clients. One may submit an application to the Financial Commission in Russian, English, Spanish, and Chinese. Application response time is 7 days.
The Commission has an impressive compensation fund and consists of experts on brokerage activities from all over the world. Their extensive experience in financial markets, professional reputation, and legal literacy allow finding mutually acceptable solutions concerning any controversial issues. The decisions of the Commission are binding decisions, i.e. all the participants of the situation should follow them.
Website: The Financial Commission
Compensation Fund
RoboForex Ltd, which is an "A" category member of the Financial Commission, also is a participant of its Compensation Fund. The Compensation Fund is a service included with Financial Commission membership which provides protection up to €20,000 per case should a Member refuse to adhere to a judgment from the Financial Commission. For more information, click here.
The purpose of the Fund is to provide insurance coverage for the traders, who work with the participants of the Financial Commission, and pay them compensations. These payouts are available to any client of the company, which is a member of the Financial Commission, in case the brokerage company refuses or has no chance of abiding by the Commission’s decision in favour of the client. The sum specified by the Commission may be up to 20,000 EUR per each trader.
The Compensation Funds of the Financial Commission is a special fund, organized by the Commission members to provide traders with additional financial security. The Fund is based on monthly fees paid by the companies, which are members of the Commission. 10% of this money is transferred directly to the Compensation Fund and kept on a segregated bank account.
Civil Liability insurance program
At RoboForex, we understand that traders should focus all their efforts on trading and not worry about the appropriate level of safety of their capital. Therefore, the company took additional measures to ensure compliance with its obligations to the clients. We have implemented a Civil Liability insurance program for a limit of 2,500,000 EUR, which includes market-leading coverage against omissions, fraud, errors, negligence, and other risks that may lead to financial losses of clients.
This coverage is provided to our clients without any additional fees.
Verify My Trade (VMT)
RoboForex Ltd has received the execution quality certificate Verify My Trade (VMT), confirming its compliance with the strict requirements of the Financial Commission to its members.
Thanks to the partnership of Verify My Trade and the Financial Commission we have an opportunity to assess the quality of services of brokerage companies. The independent service Verify My Trade provides post-trade analysis of order execution in brokerage companies. The data from the trading record gets analyzed monthly and compared to reference values. Brokerage companies owning a VTM certificate are compelled to periodical submission of the statistical data on order execution in order to prove their compliance with the requirements of the Financial Commission.
RoboForex Ltd sends 5,000 depersonalized client trades for analysis every month, so that they were compared with the results of other companies. For the certificate in force to be confirmed, the results of the check-ups should comply with the market average values.
Website of the regulatory organization: Verify My Trade
