RoFx Discussion

Not even one serious broker is offshore. The most popular and trusted are either FCA or ASIC regulated.

I totally agree! to be more specific according to 2019 data, 84.9% brokers (not 83.2%) are registered with offshore jurisdictions.

RichardKohan posted:
I totally agree! to be more specific according to 2019 data, 84.9% brokers (not 83.2%) are registered with offshore jurisdictions.

And do you know why? Because they cannot afford to pay for the license and don't have enough capital required for operating withing normal regulated countries. It is easy to open in Vanatau etc, where you just pay a yearly fee for an offshore company, a 'financial' license from Vanatau is not expensive. You get all for about 25k and you are set to be the next 'trusted' broker. I can do it in 1 month if I want to...

As mentioned before the problem with an offshore broker is they are not regulated unless you think bribe to Vanatau for a license is good regulation. They do not offer any compensation scheme in case the broker goes into bankruptcy. And they will, once some black swan event happens and they have enough money to exit they will just say 'ups we got huge loss because of this major event that happened and we are now insolvent, so we will go into bankruptcy, thank you for your money and goodbye!!!

AntonioMorrell posted:
Why unregulated? It has Vanuatu license. If you are not aware about this, I'll reveal a secret to you! 😄 82.3% of brokers are registered in Vanuatu, BVI or similar jurisdictions in order to minimize the tax burden.

Just read my post again, incl. the screenshot about their 'regulation'. Most serious and long-term brokers have their offshore licence in Belize (IFSC regulated), besides that most also have FCA, ASIC, BAFIN and CYSEC regulations. Vanuatu is no official broker's nor a banking licence. It's the first broker here that I saw which is in Vanuatu. Don't know where you take your numbers from. 🙄

BentleyGT posted:
違う。 2019年12月のデータによると、83.89611％のブローカー（84.9％ではない）によるより具体的な数値は、オフショア管轄区域に登録されています。
だから誰もこの良いシステムでお金を稼ぐ？

WRONG. More specific numbers according to December 2019 data, 83.89611 % brokers (not 84.9%) are registered with offshore jurisdictions.

So anybody making money with this good system ?

I've been with them for over 3 years, we had no issues at all. All is fine, but you can make high profit depositing large amounts. Small amounts bring quite average profit. I attended the conference as well, strongly recommend! Send a PM, in case you have any questions.

how i copy your trade
can i subscribed with this system

MartinezA posted:
I've been with them for over 3 years, we had no issues at all. All is fine, but you can make high profit depositing large amounts. Small amounts bring quite average profit. I attended the conference as well, strongly recommend! Send a PM, in case you have any questions.

Can you show your myfxbook link with the history of 3 years, we would like to see it to compare the results.

It is curious as to why you would use an unregulated broker with no legal registrations for financial services.

The brokerage for this account is unregulated and has no actual guarantees of legitimate operation or asset protections.

Also, I believe your stats do not reflect that actual nature of your account and here is why.



As is clearly indicated by your viewable states:
Profit: $26391621.00
Interest: $0.00
Deposits: $10000000.00
Withdrawals: $0.00

You made a massive deposit $10,000,000.00 (Ten Million USD)
You have $0.00 Interest on the account
You have $0.00 Withdrawals on the account.
You have profit of $26391621.00

Massive gains of greater than 200% with a less than 1% DD, with no withdrawals and no interest on the account.

Please see this link as to why this is extremely concerning.

https://www.myfxbook.com/community/general/how-recognize-forex-scammer/1645261,1

Hello everyone!

I'm also trying to understand more about RoFx. Regarding their broker they claimed the following (via chat):



'Customer Support Mon, 02/10/20 11:27:54 am Europe/Lisbon
 
Hello. How may I help you?
 
 
 
 
  David 11:29:50 am
 
I, I have some issues concerning your service. Is there any strong reason why RoFx works with a unregulated broker?
If RoFx wold choose a regulated broker, the safety feeling of potential clients wold be stronger, dont' you agree?
 
 
 
 
  Customer Support 11:31:41 am
 
We cooperate with top European, American and Asian brokers licensed and regulated by the corresponding authorities.
 
 
 
 
  David 11:32:56 am
 
In https://www.myfxbook.com/ the broker is 'Ester'
What other brokers do you wor with and how can it be confirmed?
 
 
 
 
  Customer Support 11:35:09 am
 
The list of the brokers we cooperate with changes depending on the conditions they provide. Ester is just one of the brokers we work with. The system is fully automated: when you generate an invoice, a broker is automatically assigned to you. So you'll be able to check all the detailed information on your broker in the invoice.
 
 
 
 
  David 11:37:17 am
 
Sorry, I'm not understanding... Where can I check the broker assigned to me?
 
 
 
 
  Customer Support 11:37:22 am
 
Let me explain
Our company has created the robot that generates trading signals, and the brokers we cooperate with execute them - this is how our customers get their daily profit. To use our service you need to create an account on our website, validate it by uploading a copy of your ID or driver's license, make a deposit and subscribe to one of the packages we offer - after that you'll start getting your daily profit. You can't choose your own broker. When you generate an invoice in your RoFx account, a brokers is automatically assigned to you. So you can see the detailed info on the broker assigned to you in the invoice.
Generating an invoice is necessary for funding your account. You create an invoice, pay it at your bank and once your RoFx account is credited, you can subscribe to a package and start getting your daily profit.
Or you can funds with BTC, no invoice will be required for that, you can transfer the funds from your e-wallet.
Minimum amount to subscribe for a Trial package is 1000 USD/EUR or 0.05 BTC for a Trial bitcoin package.
 
 
 
 
  David 11:44:05 am
 
Ok... I already have one account and a TRIAL package runing with 1000€. In the process I didn't get the information about the assigned broker... Maybe I'm not cheking in the right place... Can you help me?
 
 
 
 
  Customer Support 11:46:48 am
 
When you generated an invoice for 1000 EUR, its copy was sent to your email. After that you were supposed to print that invoice out and pay it at your bank or via online banking thus funding your RoFx account. That invoice you paid contains the information on the broker that was assigned to you when you generated the invoice in question. So if you want information on your broker you can find that invoice and check it there.
 
 
 
 
  David 11:50:44 am
 
I've just checked it (invoice number: 67967.1). It only contains information about the Beneficiary bank account
 
 
 
 
  Customer Support 11:51:04 am
 
Can you see the Beneficiary Account Name section?
 
 
 
 
  David 11:52:50 am
 
Beneficiary Account Name: Aware Choice Limited
 
 
 
 
  Customer Support 11:53:08 am
 
That's the name of the broker assigned to you.
 
 
 
 
  David 11:54:37 am
 
I can´'t find any website of this broker...
Only this kind of info (when I google it):
Nature of business (SIC)
49200 - Freight rail transport
49410 - Freight transport by road
50200 - Sea and coastal freight water transport
51210 - Freight air transport
It doesn't seem to be a broker company!
 
 
 
 
  Customer Support 11:57:28 am
 
When I google 'Aware Choice Limited' there is a lot if information and links. Please check your website settings, perhaps there are some kind of restrictions there or in the area where you're currently located.
 
 
 
 
  David 11:57:52 am
 
can you send me the link?
 
 
 
 
  Customer Support 11:58:45 am
 
Please google the information yourself, it's accessible for everyone.
 
 
 
 
  David 11:59:35 am
 
this broker is not listed in any forex broker list!
 
 
 
 
  Customer Support 12:01:01 pm
 
We cooperate with various forex brokers that are subjects to various jurisdictions and cooperate with various payment service providers.
For optimization purpose our system selects the most favourable conditions and forms bank details accordingly.
This is performed due to the reasons of convenience and funds transfer speed. This is considered to be an ordinary practice.
 
 
 
 
  David 12:02:44 pm
 
You must agree with me that all of this transmits a big lac of transparency...
 
 
 
 
  Customer Support 12:04:35 pm
 
I'm afraid I can't agree with that. Our company has been in the market since 2009 and we currently have more than 30 thousand active customers worldwide. Ad far as I understand, your own Trial package is working right now bringing you daily profit.
Is there anything else I can help you with?
 
 
 
 
  David 12:05:14 pm
 
I will complete my full opinion about your service when all the process completes. Hopefully it wont turn to a wrong direction...
That´s all for today
 
 
 
 
  Customer Support 12:06:08 pm
 
Our chat's available 24/7 if you have any further questions. Have a good day!
 
 
 
 
 
You archived the chat 12:09:31 pm '


I´m still very suspicious...

Right now I´m on my 19th day of the Trial package. The results seem to be as expected/announced. Still not shore if I can withdraw the money at the end... Just waiting to see!

AndorFx posted:
@drarq great.
this system working on mt4 p.? Can you see all orders onto your mt4 phone?
Thankx

No, you can only see the trades in the next day, this is not a 'live' system. You can check the trades in their site, not in a MT4 platform.

ATTN:
 Could any VIP- Rofx members ever visited their annual conference in
Uk , please share any photos of yourself there?
It'd be very kind of you. For sure it will inspire us to invest more in this company!
Best regards!

@Davidgoliath annual conference in UK ? Interesting point. Where can we see some vid about this?

adidasFX posted:
@Davidgoliath annual conference in UK ? Interesting point. Where can we see some vid about this?

I don't know buddy, Rofx didn't release any so far on their site. I hope any Vip- investors (that have been to the annual conference )
may release their own personal vids and share with us..!

If I were to open a $10M with my own, legit broker, do you think I would get similar results to this sample Ester broker account, minus the performance fees, swap, commissions and interest?
Has anyone else tried this yet?

i have $21m under management and ive never seen this kind of result. I will try and speak to these guys in the coming week to see what information they can share.

fcgltd posted:
i have $21m under management and ive never seen this kind of result. I will try and speak to these guys in the coming week to see what information they can share.

The process to sign up with Rofx is so simple , if not too simple. I personally did not
need to sign any paperwork even digitally. So if you thinking you plan to invest millions in to Rofx
I dont know, how much risk is that will be. Is that sum of $21m your all money or your clients's ?

Davidgoliath posted:

fcgltd posted:
i have $21m under management and ive never seen this kind of result. I will try and speak to these guys in the coming week to see what information they can share.

The process to sign up with Rofx is so simple , if not too simple. I personally did not
need to sign any paperwork even digitally. So if you thinking you plan to invest millions in to Rofx
I dont know, how much risk is that will be. Is that sum of $21m your all money or your clients's ?

It is mostly client funds that im using my own strategies with, and even though the performance is similar, the fact the RoFx has maintained a very disciplined open/close trade algo, resulting in a very impressive historical DD number, i hope to be able to talk to them tomorrow.
I would be using my own broker if the guys at RoFx permit it.
thanks

Dear Mr fcgltd,
 I see, you re a pro-fundmanager. In this situation I think for example, You should invest around $1m first to try out.
It better if its your own money. Rofx will be able to double your money annually. Not bad investment right!
The way Rofx works is they create a kind of virtual account for each client. You also supposed to send your money into your own virtual account. Then Rofx robot will trade for you and manage your money. They dont sell their signals, it mean Rofx will not send signals to any outside MT4 account , so I believe they may not trade your fund that located in another broker...
 The only think I would like to request/recommend Rofx is they should make their business entity look more LEGAL, signup/registration have to go though a signature/confirmation process of both side. Then they even gain more credibility, gain more clients internationally...
But just try yourself talk to them personally first, you may learn something more :-)
Best regards!