Basic Information
Registered Region 
Cyprus
CyprusOperating Period
5-10 years
Company Name
RoboForex Ltd
Customer Service Email Address
info@roboforex.com
Contact Number
+593964256286
Company Website
Global Broker Regulation Inquiry App
WikiFX
Clone Firm
Score
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9
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1
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/10
COPYFX
Cyprus
|
5-10 years
|
Suspicious Regulatory License
|
Suspicious Scope of Business
|
Clone Firm Belize
|
High potential risk
https://www.copyfx.com/
Website
Rating Index
Influence
Influence
C
Influence index NO.1
United States 2.91Surpassed 15.50% brokers
Biz Area
Search Statistics
Advertising
Social Media Index
Contact
+593 964 256 286
info@robomarkets.com
https://www.copyfx.com/
2118 Guava Street, Belama Phase 1, Belize City, Belize
Warning: Low score, please stay away!
- The claimed BelizeFSC regulation (license number: 000138/32) is verified as a clone firm. Please pay attention to the risk!
4
Biz Area
Website
Company Summary
News
Comment
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Official website
Website
Most visited countries/areas
Russia- 104.28.24.78Server LocationICP registration--Most visited countries/areasDomain Effective Date2010-08-09WebsiteWHOIS.GODADDY.COMCompanyGODADDY.COM, LLC
Company Summary
| COPYFX Review Summary | |
| Founded | 2014 |
| Registered Country/Region | Cyprus |
| Regulation | CYSEC (Suspicious clone), FSC (Clone firm) |
| Market Instruments | Forex |
| Demo Account | ✅ |
| Leverage | / |
| Spread | / |
| Trading Platform | MetaTrader 4, MetaTrader 5 and R StocksTrader |
| Copy Trading | ✅ |
| Min Deposit | $100 |
| Customer Support | 24/7 live support |
| Tel: +593 964 256 286 | |
| E-mail: info@roboforex.com | |
| Facebook, YouTube, Telegram, WhatsApp | |
| Address: 2118 Guava Street, Belama Phase 1, Belize City, Belize | |
| Regional Restrictions | The USA, Canada, Japan, Australia, Bonaire, Curaçao, East Timor, Indonesia, Iran, Liberia, Saipan, Russia, Sint Eustatius, Tahiti, Turkey, Guinea-Bissau, Micronesia, Northern Mariana Islands, Svalbard and Jan Mayen, South Sudan, etc. |
Founded in 2014, CopyFX is a broker registered in Cyprus, offering forex trading through the MetaTrader 4, MetaTrader 5 and R StocksTrader platforms. However, it currently has no valid regulations.
Pros and Cons
| Pros | Cons |
| Demo accounts | Suspicious clone license of CySEC |
| Multiple account types | Clone license of FSC |
| Copy trading | Regional restrictions |
| Popular payment options | Limited trading asset classes |
| 24/7 live support | Complex commission structure |
Is COPYFX Legit?
COPYFXs license of the Cyprus Securities and Exchange Commission (CySEC) has been regarded as a suspicious clone license. Additionally, the Financial Services Commission (FSC) regard it a clone firm. Therefore, it is not a legit broker as their regulatory status and validity of these licenses are questionable.
| The Cyprus Securities and Exchange Commission (CySEC) | |
| Regulatory Status | Suspicious Clone |
| Regulated by | Cyprus |
| Licensed Institution | Robomarkets Ltd |
| Licensed Type | Market Making (MM) |
| Licensed Number | 191/13 |
| The Financial Services Commission (FSC) | |
| Regulatory Status | Clone Firm |
| Regulated by | Belize |
| Licensed Institution | ROBOFOREX LTD. |
| Licensed Type | Retail Forex License |
| Licensed Number | IFSC/60/271/TS/17 |
What Can I Trade on COPYFX?
COPYFX focuses on forex trading.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ❌ |
| Indices | ❌ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
COPYFX offers two basic accounts: Cent accounts and Pro accounts, with a minimum deposit requirement of $100.
Besides, to trade forex, they also offer other types of accounts including ProCent, Pro, ECN, Prime, Pro-Affiliate, ECN Affiliate, Cent Affiliate and R StocksTrader account.
COPYFX Fees
The copied transaction commission ranges from $1 to $10. Besides, commissions are charged when:
1. The investment period ends: Paid Saturday at 1:00 AM server time (“Volume Fee” and “Performance Fee”) or Sunday night, transferred Monday (“Subscription Fee”).
2. The investor cancels the subscription: Paid minutes after cancellation.
Note: No commission is earned under the “Trader without commission” scheme.
Trading Platform
COPYFX supports MetaTrader 4, MetaTrader 5 and R StocksTrader platforms (CopyFX in R StocksTrader is available only in the mobile application and in the mobile version of the platform).
| Trading Platform | Supported | Available Devices | Suitable for |
| Web-based | ✔ | Web | / |
| MT4 | ✔ | PCs, mobile, Web | Beginners |
| MT5 | ✔ | PCs, mobile, Web | Experienced traders |
Deposit and Withdrawal
COPYFX offers Visa/MasterCard, Neteller and FasaPay to make a deposit.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- Clone Firm Belize
- High potential risk
News
Exposure CopyFX RoboForex Review: 5 Truths You Must Know About CopyFX Account, App & MT5 Platform
CopyFX, often referred to as CopyFX by RoboForex, is the copy trading platform connected to the RoboForex brokerage. It’s designed to serve both experienced traders, known as "Leaders," and investors, also called "Copiers." The two platforms RoboForex and CopyFX are fully integrated, working seamlessly together.
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