RoboTrade changes name, gets new license

RoboTrade changes name, gets new license

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RoboTrade, the company holding a license from Belize’s International Financial Services Commission (IFSC), within the RoboForex Group, announced it has changed its name to RoboForex Ltd.

Respectively, the IFSC has issued a new license for trading in financial and commodity-based derivative instruments and other securities and a new certificate of good standing in the name of RoboForex Ltd.



According to the company, the sole purpose of the change was  the unification of the names within the RoboForex financial group. The new name will not affect the broker’s clients in any way and they do not have to take any additional actions. All terms of services provided by the company remain the same.

RoboForex is an automated forex broker regulated in Cyprus and Belize. It offers trade in currencies and CFDs on stocks, indices and spot oil. The leverage is up to 1:1000 and no minimum deposit is required. The trading platforms that can be used for trading via RoboForex are MetaTrader4 (MT4), MetaTrader5 (MT5) and cTrader.

The RoboForex Financial Group consists of RoboForex, regulated by Cyprus’ Securities and Exchange Commission (CySEC), the now former RoboTrade Ltd. regulated by the International Financial Services Commission (IFSC) of Belize and RoboForex LP, based in New Zealand.

Recently RoboForex suspended its binary options operation RoboOption, but has not made an official statement on the matter. Also not long ago, the broker announced it has set new annual percents payouts for active clients and brokers can receive a bonus of up to 10% of their account balance if they have more than 1,000 traded lots in their trading history. The new conditions came into effect from 1 July, 2016.

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