Reason for this visit

Russia-Ukraine conflict continues to worsen, while Russia keeps a “close” relationship with Belarus. At present, plenty of forex investors are deeply concerned about the current situation of forex brokers in Belarus for the upgrading of the war is likely to have an adverse effect on Belarus. In order to help investors or practitioners have a more comprehensive understanding of foreign exchange brokers in Belarus, the survey team is going to pay on-site visits locally.

On-site visit

The investigation team paid a visit to foreign exchange broker Roboforex in Minsk, capital and the largest city of Belarus as scheduled. The broker claims that they have a physical office at office 308, 70, Myasnikova str., Minsk, 2200030.

The field survey personnel came to the destination on February 1, 2023, where a cluster of medium-rise business buildings were located.

The investigation team was allowed to enter the mansion after showing the purpose of visit to the safeguard, and spotted an entrance guard device on the first floor, where there was no office information of forex broker Roboforex including its logo as well as any company directory. 

The investigation team came to office 308, but did not find anything about forex broker Roboforex, even its logo. After communicating with the receptionist of the building, the team got to know that the broker did not have a physical office here.

Conclusion

The investigators went to Minsk, capital of Belarus to visit the foreign exchange broker Roboforex as planned, but did not find its physical business office according to the regulatory address that the broker displayed. Therefore, the broker’s forex regulatory information is not true. Investors are advised to stay alert to the broker. 

Disclaimer

The content is used for informational purpose only, and shall not be taken as a final order for making a choice.