RoboForex Ltd has a special brokerage license FSC Belize "Trading in financial and commodity-based derivative instruments and other securities" under the number 000138/333.
FSC (Financial Services Commission) is a Belizean regulator of the financial services market of the international level.
The activity of FSC is regulated by the Ministry of Belize Securities and Financial Services Commission Act (FSC Act). As the regulator of financial services market, FSC issues licenses and conducts monitoring of financial services provided by the market players to guarantee that the licensees operate in the most efficient, transparent, and reliable way. The regulator ensures that only the most reliable and socially responsible companies receive the license to operate within Belize and beyond.
FSC Belize follows the international AML (Anti-money laundering) policy.
Regulator website: Financial Services 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 arose 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 Forex, 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
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 the Commission’s decision in favor 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.
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 5,000,000 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.
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 member brokers.
Thanks to the partnership of Verify My Trade and the Financial Commission we have an opportunity to assess the quality of services of broker companies. The independent service Verify My Trade provides post-trade analysis of order execution in broker companies. The data from the trading record gets analyzed monthly and compared to reference values. Brokers 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 brokers. 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