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Score

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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

COPYFX

Cyprus Cyprus | 5-10 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

https://www.copyfx.com/

Website

Rating Index

Influence

Influence

D

Influence Index NO.1

Madagascar Madagascar 2.70
Surpassed 15.60% brokers
Business Region Search Statistics Ad Campaigns Social Media Index

Contact

+593 964 256 286
https://www.copyfx.com/
2118 Guava Street, Belama Phase 1, Belize City, Belize

license Forex License

risk

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
3

Basic Information

Registered Region
Cyprus
Operating Period
5-10 years
Company Name
RoboForex Ltd
Email
info@roboforex.com
Contact Number
+593964256286
Business Region
Verified Site
About Us
News
Wiki Q&A
Comment

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Official Website

Verified Site

Top Visitor Locations
RussiaRussia
  • copyfx.com
    104.28.24.78
    Server Location
    United States United States
    ICP Registration No.
    --
    Top Visitor Locations
    Russia Russia
    Creation Date
    2010-08-09
    Website Name
    WHOIS.GODADDY.COM
    Company
    GODADDY.COM, LLC

Company Profile

Company Profile

Review summary

COPYFX Review Summary
Founded2014
Registered Country/RegionCyprus
RegulationCYSEC (Suspicious clone), FSC (Clone firm)
Market InstrumentsForex
Demo Account
Leverage/
Spread/
Trading PlatformMetaTrader 4, MetaTrader 5 and R StocksTrader
Copy Trading
Min Deposit$100
Customer Support24/7 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 RestrictionsThe 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.

CopyFX's homepage

Pros and Cons

Pros Cons
Demo accountsSuspicious clone license of CySEC
Multiple account typesClone license of FSC
Copy tradingRegional restrictions
Popular payment optionsLimited trading asset classes
24/7 live supportComplex 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 TypeMarket Making (MM)
Licensed Number191/13
Suspicious clone CySEC license
The Financial Services Commission (FSC)
Regulatory Status Clone Firm
Regulated by Belize
Licensed Institution ROBOFOREX LTD.
Licensed TypeRetail Forex License
Licensed NumberIFSC/60/271/TS/17
Clone FSC license

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.

Account comparison

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.

Account types

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.

COPYFX Fees

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 PlatformSupported Available Devices Suitable for
Web-basedWeb/
MT4PCs, mobile, WebBeginners
MT5PCs, mobile, WebExperienced traders
Trading platforms

Deposit and Withdrawal

COPYFX offers Visa/MasterCard, Neteller and FasaPay to make a deposit.

Payment options

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

News

CopyFX RoboForex Review: 5 Truths You Must Know About CopyFX Account, App & MT5 Platform

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.

Wiki Q&A

Is it risky to trade with COPYFX?

According to WikiFX data, COPYFX, operated by RoboForex Ltd in Cyprus with a 5-10 year operational history, exhibits a fundamental and substantial risk profile. The WikiFX risk score is exceptionally low at 1.56 out of 10. The primary issue stems from its regulatory standing, where claimed licenses are either flagged as 'Unverified' or officially identified as a 'Clone Firm', meaning the entity operates without any credible, verified financial oversight. Consequently, client funds are not protected by a deposit guarantee scheme and there is no independent authority for dispute resolution.

04-02
United States

What regulatory licenses does COPYFX hold?

COPYFX does not hold any verified mainstream regulatory licenses. The broker has claimed a CySEC Market Making License (191/13), which is flagged as 'Unverified', and a Belize Securities Trading License (9759600), which the local regulator, the FSC, has officially identified as belonging to a 'Clone Firm'. This means there are no legitimate, recognized licenses backing its operations, confirming a complete lack of authoritative oversight.

04-02
United States

Where is COPYFX registered?

The entity operating the COPYFX brand, RoboForex Ltd, is registered in Cyprus and has been in operation for an estimated 5 to 10 years. The business is described within WikiFX's assessment system under a 'Suspicious Scope of Business'.

04-02
United States

¿Cómo identificar si un bróker presenta un perfil de riesgo elevado?

Un bróker puede evaluarse como de mayor riesgo considerando factores como la situación regulatoria, las reclamaciones de usuarios, la seguridad de los fondos y la coherencia de la información pública disponible. En general, los brókers sin regulación válida, con problemas frecuentes de retirada o con un elevado número de reclamaciones suelen presentar mayores niveles de riesgo. En WikiFX pueden consultarse el estado regulatorio, la puntuación integral, los registros de exposición y las opiniones de usuarios como referencia adicional.

In a week

¿Qué es WikiFX y cómo puede ayudar a los inversores?

WikiFX es una plataforma independiente que proporciona servicios de consulta de información sobre brókers de divisas y alertas de riesgo. Integra datos regulatorios, comentarios de usuarios y registros históricos, y realiza evaluaciones mediante un modelo multidimensional para ayudar a los inversores a comprender la situación general de un bróker y sus posibles riesgos. Este tipo de herramientas permite realizar una verificación preliminar antes de elegir un bróker.

In a week

¿Es posible recuperar fondos tras un fraude de inversión?

La recuperación de fondos tras un fraude de inversión puede resultar difícil, pero tomar medidas oportunas puede ayudar a recuperar parte de las pérdidas. Se recomienda conservar registros de transacciones y comunicaciones relevantes, contactar con el banco para intentar detener o congelar los pagos y presentar una denuncia ante las autoridades competentes. Además, los inversores pueden utilizar los canales de reclamación pública de WikiFX para aumentar la visibilidad del problema.

In a week

Apakah dana masih dapat dipulihkan setelah terjadi penipuan investasi?

Pemulihan dana setelah terjadi penipuan investasi dapat menjadi proses yang sulit, namun tindakan cepat dapat membantu mengurangi potensi kerugian. Disarankan untuk menyimpan catatan transaksi dan komunikasi, menghubungi pihak bank untuk mencoba menghentikan atau membekukan pembayaran, serta melaporkan kejadian kepada otoritas setempat. Investor juga dapat menggunakan kanal pengaduan di WikiFX untuk meningkatkan visibilitas kasus.

In a week

Can I recover my funds if I have been scammed by a broker?

Recovering funds after investment fraud can be difficult, but taking timely action may still help recover part of the losses. It is recommended to take the following actions immediately: keep trading records, chat records, and other evidence; contact the bank to try to stop or freeze the payment; report the case to local law enforcement agencies. In addition, investors can also use WikiFX complaint and exposure channels to increase the visibility of problematic platforms and improve the efficiency of rights protection.

04-02
United States
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※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
Cooperation:business@wikifx.com