Limassol, Cyprus based Retail FX broker RoboForex has announced that it is rebranding under the new name RoboMarkets.
Alongside the brand name change, the company has changed its corporate name from RoboForex (CY) Ltd to Robomarkets Ltd, which is now the official holder of the company’s CySEC CIF license.
The group also operates offshore Retail FX broker RoboForex Ltd in Belize.
The move comes as RoboForex / RoboMarkets has been making a decided push into cryptocurrency trading. The company launched CFDs on cryptocurrencies Bitcoin and Ethereum in October, and later increased the leverage offered to traders in cryptos from 5x to 10x, at a time when many other brokers have been scaling back their leveraged crypto offerings due to the increased risk inherent in offering high leverage in a highly volatile instrument. (The leveraged offering was made available only to clients of the Belize company RoboForex Ltd).
The full announcement made on the matter by the company reads as follows:
RoboForex (CY) Ltd is announcing its rebranding to RoboMarkets
RoboForex (CY) Ltd, a European broker, is announcing its rebranding to RoboMarkets and will continue its professional activities under a new name. RoboMarkets has taken strategic steps to establish a global brokerage and expand a product line with the collaboration of cutting-edge technology and proprietary solutions. RoboMarkets will continue to strengthen European Market presence and provide clients access to the financial markets while continuously improving trading conditions.
RoboForex (CY) Ltd started as a forex broker operating under CySEC license No. 191/13. Throughout the years, the company established itself within the financial industry and continuously refines its services to serve the needs of trader’s worldwide while delivering innovations within the industry. As the company evolves, it has always followed a client-centric approach, placing client’s needs in the forefront of all operations in parallel with providing a wide range of opportunities for trading the world’s markets.
RoboMarkets defines itself as multi-asset broker and provides access to more than 8,700 trading instruments in seven types of assets classes. The company’s core objectives are to assist traders’ needs and deliver access to global markets in Europe.
Konstantin Rashap, RoboMarkets Chief Business Officer for Europe:
All this time, we’ve been systematically expanding the list of available services and improving the quality of existing solutions. Nowadays, we’re offering our clients access to the majority of the financial markets by utilizing the industry’s essential trading platforms like MetaTrader 4/5 and proprietary solutions such as R Trader, R WebTrader, and R MobileTrader. We provide competitive trading conditions alongside 24/7 online support in 11 languages. RoboMarkets’ short-term plans are to expand trading opportunities for the popular platforms MetaTrader, constant development of the proprietary solutions and enhance CopyFX and RAMM investments platforms. Continuous improvement of our Affiliate program, and expansion of financial instruments as within the scope of the company’s targets. We acknowledge the importance of a local presence hence we are taking calculated steps to strengthen and grow in European countries. In 2018, RoboMarkets will be opening new representative offices in Central and Western Europe.