RoboForex Exposure: Withdrawal Denials, Deposit Credit Failures & Account Blocks Frustrate Traders

Failed to withdraw funds from RoboForex despite following up with its customer support team numerous times? Did the Belize-based broker close your forex trading account when you requested a fund withdrawal? Did your deposits fail to show up in your trading account? Were you prevented from placing trades due to issues concerning the RoboForex login? These issues have become increasingly common for traders. In this RoboForex review article, we have examined these issues thoroughly to allow you to make an informed decision about the broker. Have a look!

RoboForex Operation Details - Trading Instruments, Platforms & Account Types

RoboForex claims to be in the trading business for over 16 years with 12,000 instruments and having received 40+ prestigious industry awards. Besides forex, the company offers trading services across stocks, ETFs, indices, metals, and energy and soft commodities. Additionally, the brokerage house offers five trading accounts - Prime, Pro, ProCent, ECN and RStocksTrader. RoboForex minimum deposit for these accounts remains 10 USD/10 EUR, except for RStocksTrader, where the requirement is 100 USD.

Investigating the Top Forex Trading Allegations Against RoboForex

Account Closure Upon Withdrawal Application

A trader recounted how his trading experience with RoboForex changed for the worse with time. Initially, as the trader was not making profits, the broker did not raise any issues. The problem, according to the trader, became when profits start to show on the RoboForex login. So, while the trader was still able to withdraw small profits until the broker allegedly closed all of his trade orders and his account. Aghast by this response, the trader made his displeasure known to all with this negative RoboForex review.

RoboForex Accused of Blocking Withdrawal and Providing Unhelpful Support

A verified user from Germany claimed to have been unable to withdraw funds two weeks after depositing with RoboForex. The trader alleged receiving only generic, pre-written responses from customer support without any real resolution. According to the complaint, the broker cited a “Do Not Honor” issue and implied bank refusal of incoming funds, which both the users bank and credit card provider reportedly denied. The trader also stated being unable to select the original payment card for the refund, raising further concerns about withdrawal processing. Have a look at this review for an effective understanding of the issue faced by the trader.

Long-pending Withdrawal Cases Frustrate RoboForex Traders

Several traders have highlighted the lack of withdrawal despite receiving a processing notification on the RoboForex login. Traders also questioned the clarity of the message while also criticizing the transaction process on the platform. Check out these reviews concerning pending withdrawals.

RoboForex Withdrawal Requests Cancelled and Account Access Restricted Despite Full Verification

Multiple traders have reported how the broker allegedly misused their capital. Among them is a trader who recently reported about the cancellation of two withdrawal requests and the subsequent disablement of the withdrawal function by RoboForex. Despite submitting all requested verification documents — including a selfie with ID and Member Area proof in accordance with the Client Agreement — the account remained restricted. The complainant stated that no clear explanation or defined resolution timeline was provided, even after the initially communicated five-day review period passed. The trader requested confirmation of document approval, clarification of the restriction, and a specific timeframe for restoring withdrawal access.

A similar complaint emerged where a UK-based trader criticized the broker for reportedly withholding profits, citing several terms and conditions concerning verifications and cards used for deposits. Despite sharing information with the broker, the trader only witnessed withdrawal denials, costing him USD 150,000.

To know more, check these critical RoboForex reviews.

Multiple Account Freeze Allegations Against RoboForex

Several traders have alleged that rampant account freezes by RoboForex were intended to defraud its clients. In one of the reviews, a trader from Vietnam shared that the capital deposited into the platform did not go although the transfer was successful. Despite contacting the support team, the trader failed to receive a response. On the other hand, a Hong Kong-based trader deposited $10,000 and earned profits of $1,200 in over a month of trading with the broker. However, the trader was left surprised by an account freeze without any explanation. These are some RoboForex reviews concerning growing account freeze instances.

Deposit Credit Failure Complaints Against RoboForex

Several traders alleged failing to witness deposits in their trading accounts for days despite a successful transfer intimation. The lack of deposit reflection for days hints at a possible investment scam by the broker. Lets go through a couple of deposit credit failure stories.

Profit of $2,000+ at Stake Due to the RoboForex Login Issue

Adding to the list of accusations against RoboForex, an Indian trader alleged to have found an invalid account while logging in to the RoboForex trading account. The trader highlighted this as a concern, as an active trade with profits of $2,000 was at stake. Due to the login, the trader admitted having difficulties in managing the account position. The screenshot below aptly describes the concern the trader faced on the platform.

RoboForex Regulation Inquiry Update by WikiFX

The series of complaints concerning withdrawal denials, account freeze and deposit credit failures raises regulatory concerns for the broker. While investigating, the WikiFX team found no regulation for RoboForex, contrary to its claims of being regulated by the Financial Services Commission (FSC) with license number - 97959600. Even if these claims are to be believed, the FSC is considered an offshore regulator with protection measures offered not likely as good as those granted to traders associated with entities regulated by reputable names such as the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC). The score for the broker, in light of massive trading complaints, could only have been 2.50 out of 10.

Always verify the broker‘s regulatory status on WikiFX, the world’s leading forex regulation inquiry app, before trusting it for wealth creation.