Robotradx is a Contract for Difference (CFD) broker officially registered on June 28, 2023. The broker offers a wide range of trading markets including forex, commodities, stocks, indices, bonds, and cryptocurrencies through trading platforms such as MT4, MT5, and cTrader, along with their respective mobile applications. It does not provide services to citizens of the United States of America, individuals residing or settled in the United States, or those otherwise under the jurisdiction of the United States, as well as countries or groups restricted by any US government blacklist.
Corporate Registration Information and Regulatory Status:
Public information on the Robotradx official website indicates that the broker is operated by Robotradx Ltd and is governed by the laws of England and Wales. Besides, the broker does not provide detailed company registration information or relevant regulatory information on its official website.
Upon verification, no business entity named "Robotradx Ltd" could be found on the official website of the UK Companies House. Therefore, this broker is actually an unregistered entity without any regulation and is a fraudulent website.
Additionally, the web design of this broker is plagiarized from IC Markets, similar to scam brokers such as Linoxx, ExpertSync, Continentaloptionslive, Venosvista, Fenext, Elon-Mining, among others.
Account Opening Process:
The Robotradx account opening process involves opening the broker's official homepage, clicking on "Join Now" to enter the account registration page, filling in personal information such as name and email address, setting a login password, and submitting the form to successfully register an account.
Trading Accounts:
The Robotradx official website does not disclose any information on the types of accounts offered or details such as spreads, trading leverage, minimum initial deposit amount, margin call/stop out levels, trading commissions, minimum/maximum trade volume, maximum number of positions/orders, and minimum pricing precision.
Trading Platforms:
Robotradx claims to offer trading platforms such as MT4, MT5, and cTrader, but it does not provide any download links for these platforms, nor can a broker named Robotradx be found on the aforementioned trading platforms.
Deposits and Withdrawals:
Robotradx does not clearly disclose the supported methods for deposits and withdrawals, fees, or the minimum deposit and withdrawal amounts on its website.
Conclusion:
Traderknows reminds investors that Robotradx, just like scam brokers such as Linoxx, ExpertSync, Continentaloptionslive, Venosvista, Fenext, Elon-Mining, is a fraudulent website using the reputable broker IC Markets' identity. Investors are advised to choose brokers that are transparent, strongly regulated, and have a good reputation for their investment and trading activities, to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Scam" on Traderknows.
