RoboMarkets to Discontinue FX and CFDs Offerings in Europe Next Year

​RoboMarkets has revealed plans to realign its European business model by the end of 2024, focusing on stock investors and traders. The reorganization will see RoboMarkets Deutschland GmbH become the primary entity for serving European retail clients, specializing exclusively in stocks, bonds, and ETFs.

From early 2025, RoboMarkets Ltd, based in Cyprus and regulated by CySEC, will transition to an institutional broker and will cease serving retail clients. The decision reflects the group's commitment to optimizing technological and execution aspects of its products, with high-risk and leveraged instruments such as FX and CFDs being fully discontinued across its European entities.

Vanyo Walter, Director of RoboMarkets Deutschland GmbH, stated, "Our proprietary platform, developed by our IT team and supported by ongoing investments in technology, is designed to benefit our clients and attract more self-directed traders and investors in Europe. We believe the market for self-investing and trading in stocks will grow significantly in Europe, and we are committed to becoming one of the leading stockbrokers in the region."