Global Broker Regulation Inquiry App
WikiFX
Thobani Dlalda 
1-2 years
Is RoboMarkets a legit broker?
Broker Issues
Regulation
06-16
United States
WikiFX
Reply
From my personal experience, RoboMarkets is definitely a legit broker. Not only is it regulated by CySEC, but it also provides Negative Balance Protection, meaning that I can’t lose more than my initial investment. Being a member of the Investor Compensation Fund (ICF) is another plus in my view. These measures ensure that RoboMarkets is a safe and reliable choice for traders who want to engage in forex or other asset classes. The fact that the broker is also well-regarded in the industry adds to its legitimacy.
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