{
  "schemaVersion": 1,
  "kind": "demoOffering",
  "id": "roboforex-mt4-bz",
  "urls": {
    "html": "/demo-accounts/roboforex-mt4-bz.html",
    "json": "/demo-accounts/roboforex-mt4-bz.json",
    "markdown": "/demo-accounts/roboforex-mt4-bz.md"
  },
  "policy": "Documentation research, not account or execution testing. Research regions do not establish residence eligibility. Requires Verification is an evidence gap, not proof of unavailability. Source conflicts and product/entity qualifications must remain attached to claims. Demo results do not establish live trading performance.",
  "record": {
    "checked": "2026-10-12",
    "tested": false,
    "funds": null,
    "currency": null,
    "fundsLabel": "Not recorded",
    "fundsNote": "Current starting balance not established in this research.",
    "expiryType": "unknown",
    "expiry": "Not established",
    "expiryNote": "See documented terms for scope and exceptions.",
    "evidence": "documented",
    "signup": "See the documented terms below. Account opening has not been tested.",
    "note": "Confirm contemporary expiry/inactivity, initial funds and virtual top-up/reset for each platform. Read rendered blank signup and demo-only verification requirements; no account was opened. Confirm exact forex instrument availability per demo and residence-specific eligibility.",
    "id": "roboforex-mt4-bz",
    "broker": "RoboForex",
    "entity": "RoboForex Ltd.",
    "regions": [
      "BZ"
    ],
    "region": "BZ",
    "regionLabel": "Belize",
    "researchScope": "Belize",
    "platform": "mt4",
    "platformLabel": "MetaTrader 4",
    "terms": "Free with no real-money deposit; multiple demos allowed. Pro, ECN and R StocksTrader variants; USD displayed for all three. MT4/MT5/R StocksTrader supported. Page lists 28 currency pairs for Pro/ECN; R StocksTrader has a broader asset mix. Current starting balance, reset limits, inactivity/expiry and demo-only KYC were not established. Public signup was a JavaScript shell; not completed. Historical 2012 90-day notice is not treated as current universal policy.",
    "entityMapping": "Current demo page/footer and regulation page identify RoboForex Ltd. Belize; regulator directly matches its domain. Individual country routing not tested.",
    "eligibility": "Broker says it does not target EU/EEA/UK; advertising not intended for Malaysian residents. Excludes US, Canada, Japan, Australia, Indonesia and numerous other countries listed in its footer. Exact resident acceptance must be checked.",
    "evidenceNote": "Official demo details refreshed; expiry and funds need checking",
    "sources": [
      "roboforex-2",
      "roboforex-3",
      "roboforex-4"
    ],
    "visit": "roboforex-2",
    "regulation": {
      "status": "Verified",
      "entity": "RoboForex Ltd.",
      "regulator": "Belize Financial Services Commission",
      "finding": "Live LicenSys public search matches ROBOFOREX LTD., 9759600, status Active, roboforex.com; categories securities trading as Agent/Principal, Managing Securities and Providing Investment Advice.",
      "scope": "Current demo page/footer and regulation page identify RoboForex Ltd. Belize; regulator directly matches its domain. Individual country routing not tested.",
      "sources": [
        "roboforex-reg-1",
        "roboforex-reg-2",
        "roboforex-reg-3",
        "roboforex-reg-4"
      ]
    },
    "signupLink": {
      "kind": "demo-page",
      "note": "Broker demo page; select your platform to continue.",
      "status": "Official entry route",
      "url": "https://roboforex.com/forex-trading/trading/demo/",
      "sourceUrl": "https://roboforex.com/forex-trading/trading/demo/",
      "checked": "2026-10-13",
      "tested": false
    },
    "execution": {
      "scope": "RoboForex Ltd. · Belize MT4, MT5 and R StocksTrader; account variants need separate execution mapping.",
      "tested": false,
      "role": {
        "value": "Requires Verification",
        "status": "Requires Verification",
        "note": "The current linked agreement describes order handling but no explicit principal/agent/counterparty capacity was established in the reviewed text.",
        "sources": [
          "ex-c-robo-contract"
        ],
        "checked": "2026-10-13"
      },
      "arrangement": {
        "value": "Market Execution described; account mapping incomplete",
        "status": "Broker-reported",
        "note": "Section 7.4 and the definitions describe fills at the current execution-time price, which can be better or worse than displayed. This does not prove ECN routing or identify legal capacity.",
        "sources": [
          "ex-c-robo-contract"
        ],
        "checked": "2026-10-13"
      },
      "demo": {
        "value": "Account-parameter similarity claim",
        "status": "Broker-reported",
        "note": "The current demo page describes Demo Pro as replicating Pro conditions and Demo ECN parameters as similar to Prime; R StocksTrader is separately listed. These are general broker claims, not proof of identical liquidity, slippage or rejection.",
        "sources": [
          "ex-c-robo-demo"
        ],
        "checked": "2026-10-13"
      },
      "review": {
        "checked": "2026-10-13",
        "outcome": "Role: Requires Verification; Arrangement: Market Execution described; account mapping incomplete; Demo: Account-parameter similarity claim. Official documentation review only; no account or order tests.",
        "remainingChecks": [
          "Map live execution mode to each specific demo/account variant.",
          "Verify simulated slippage, rejection and liquidity; the 2011 MT4 ECN equivalence news item is too old to adopt as current."
        ]
      }
    },
    "markets": {
      "scope": "RoboForex Ltd. · Belize · MetaTrader 4. Market coverage not yet reviewed.",
      "tested": false,
      "forexCfd": {
        "status": "Requires Verification",
        "note": "Forex CFD demo access has not been established for this entity and platform.",
        "sources": [],
        "checked": null
      },
      "cryptoCfd": {
        "status": "Requires Verification",
        "note": "Cryptocurrency CFD demo access has not been established for this entity and platform.",
        "sources": [],
        "checked": null
      }
    },
    "api": {
      "status": "Requires Verification",
      "type": null,
      "route": "Not established for this offering",
      "note": "API access has not yet been established for this legal entity and demo platform. This does not mean it is unavailable.",
      "requirements": "Confirm the account, platform and regional requirements with the broker.",
      "sources": [],
      "docs": [],
      "checked": null,
      "tested": false
    }
  },
  "sources": {
    "ex-c-robo-contract": {
      "title": "RoboForex Ltd client agreement",
      "url": "https://my.roboforex.com/files/document/client_agreement_bz_en.pdf",
      "owner": "Broker",
      "checked": "2026-10-13",
      "locator": "Sections 7.3-7.4, 14.3; Terms and Interpretation: Market Execution and demo account",
      "access": "Current official documents page links this PDF; opened and read."
    },
    "ex-c-robo-demo": {
      "title": "RoboForex demo accounts",
      "url": "https://roboforex.com/forex-trading/trading/demo/",
      "owner": "Broker",
      "checked": "2026-10-13",
      "locator": "Choose Your Demo Account: Demo Pro, Demo ECN and R StocksTrader; introductory simulation claims",
      "access": "Official page/PDF opened and read; no account opened or trading tested."
    },
    "roboforex-2": {
      "title": "RoboForex current demo accounts",
      "url": "https://roboforex.com/forex-trading/trading/demo/",
      "owner": "Broker",
      "evidence": "Free virtual demo, platform/account variants and USD; multiple accounts allowed; current Belize footer.",
      "access_note": "Direct current page read; blank signup linked at my.roboforex.com/en/register-demo/ exposed no meaningful form content to web extraction."
    },
    "roboforex-3": {
      "title": "RoboForex regulation and country restrictions",
      "url": "https://roboforex.com/about/company/regulation/",
      "owner": "Broker",
      "evidence": "Belize entity/licence and securities categories match live register. Footer gives excluded countries and EU/EEA/UK non-targeting.",
      "access_note": "Direct current page read; private Financial Commission membership is not treated as government regulation."
    },
    "roboforex-4": {
      "title": "RoboForex historical demo registration change",
      "url": "https://roboforex.com/about/company/news/show/266-new-registration-procedure-when-opening-demo-accounts/",
      "owner": "Broker",
      "evidence": "2012 notice says 90 days, but too old to establish present platform-specific demo expiry.",
      "access_note": "Official indexed historical article dated 2012-07-18; used only to document why the old rule was not adopted."
    },
    "roboforex-reg-1": {
      "title": "Belize FSC LicenSys public search — RoboForex",
      "url": "https://licensys.belizefsc.org.bz/#/publicSearch?__meta__formId=6928049e24c807681185b908&Page=1&PageSize=10&SortBy=RegistrationObjectInfo.InitialRegistrationDate%20desc&IsCurrent=true&RegistrationObjectInfo.RegistrationObjectNumber=&RegistrationObjectInfo.RegistrationObjectStatusId=&LicenseeInfo.GeneralLicenseeName=ROBOFOREX&AppoInfo.Appo.NameUnited=",
      "owner": "Regulator",
      "evidence": "One result ROBOFOREX LTD.; 9759600; Active; four securities categories and roboforex.com.",
      "access_note": "Live public browser filter/result read 2026-10-12, without login."
    },
    "roboforex-reg-2": {
      "title": "RoboForex current demo accounts",
      "url": "https://roboforex.com/forex-trading/trading/demo/",
      "owner": "Broker",
      "evidence": "Free virtual demo, platform/account variants and USD; multiple accounts allowed; current Belize footer.",
      "access_note": "Direct current page read; blank signup linked at my.roboforex.com/en/register-demo/ exposed no meaningful form content to web extraction."
    },
    "roboforex-reg-3": {
      "title": "RoboForex regulation and country restrictions",
      "url": "https://roboforex.com/about/company/regulation/",
      "owner": "Broker",
      "evidence": "Belize entity/licence and securities categories match live register. Footer gives excluded countries and EU/EEA/UK non-targeting.",
      "access_note": "Direct current page read; private Financial Commission membership is not treated as government regulation."
    },
    "roboforex-reg-4": {
      "title": "RoboForex historical demo registration change",
      "url": "https://roboforex.com/about/company/news/show/266-new-registration-procedure-when-opening-demo-accounts/",
      "owner": "Broker",
      "evidence": "2012 notice says 90 days, but too old to establish present platform-specific demo expiry.",
      "access_note": "Official indexed historical article dated 2012-07-18; used only to document why the old rule was not adopted."
    }
  }
}
