RoFx (by rofxnet) Quick Stats
Gain: +525.87%
Drawdown: 0.35%
Pips: 3055560.4
Trades: 187613
Won:
Lost:
Type: Real
Leverage: 1:100
Trading: Automated

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RoFx Discussion
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mangocheesecake

Member Since Jul 05, 2020  1 posts mangocheesecake Jul 05 at 06:17
Hello, anyone here using rofx in the US? How do you file your taxes for your profits? I feel like this is very suspicious if this is not reported to the IRS. ROfx says they are a service not an investment but haven't been able to answer any of my more specific tax questions....

OldRetiredGuy

Member Since Jul 06, 2020  2 posts OldRetiredGuy Jul 07 at 22:54
Been involved since January and I'm interested in knowing the same ...
mangocheesecake posted:
Hello, anyone here using rofx in the US? How do you file your taxes for your profits? I feel like this is very suspicious if this is not reported to the IRS. ROfx says they are a service not an investment but haven't been able to answer any of my more specific tax questions....

royjonesj

Member Since Jun 20, 2017  9 posts royjonesj Jul 07 at 23:05
To everyone here. Ive used rofx and let me tell you the drawdown is massive and nothing like there graph. The service is shabby. Id imagine paying taxes on this is the same as paying tax on income erned with any other broker. Rofx is not a broker just a signal provider and its free

OldRetiredGuy

Member Since Jul 06, 2020  2 posts OldRetiredGuy Jul 07 at 23:21
I'm at the VIP level (no lock) and am taking some quarterly gains ... drawdown is a factor of the performance fee and profit taking neither of which is taken into account on the system graph. So far averaging about 5.96% per month without compounding factored in. I'm more than comfortable with that level of return.

royjonesj posted:
To everyone here. Ive used rofx and let me tell you the drawdown is massive and nothing like there graph. The service is shabby. Id imagine paying taxes on this is the same as paying tax on income erned with any other broker. Rofx is not a broker just a signal provider and its free

royjonesj

Member Since Jun 20, 2017  9 posts royjonesj Jul 08 at 00:25
royjonesj posted:
To everyone here. Ive used rofx and let me tell you the drawdown is massive and nothing like there graph. The service is shabby. Id imagine paying taxes on this is the same as paying tax on income erned with any other broker. Rofx is not a broker just a signal provider and its free


My bad i havent used rofx i got mixed up but here is what i think on rofx based on an email i got from them
As for rofx.net i havent had the balls to use them as they are not regulated and claim to work with a changing list of brokers. And keep shifting funds. Here is what i got from an email in 2019. They seem to be a market maker liquidity provider between different brokers according to their email. This is called arbitrage. But do i trust them? No i dont but myfxbook still hasnt kicked them off in 3 years so maybe worth a shot. They have minimum 1000 dollar ask and in bitcoin at current rate its about equivalent to 460 dollars. They claim the funds are collected by them then sent to broker? Yet they wont disclose who those brokers are?
----------------

thank you for contacting RoFx.

In relation to your request we would like to have you informed that RoFx
cooperates with more than 50 brokerage platforms, each of which is
licensed and regulated by the corresponding authorities.

Our AI & neural network technology analyses financial and global markets
constantly, making prognoses and selecting the best brokerage platforms.
Our AI reacts immediately and if there is a slight risk, we change
strategy and relocate funds to other brokerage platforms.

The list is changing from time to time depending on the conditions these
platforms provide.

If you need anything further, let us know.

Regards,
RoFx Customer Support Team

vosrgen

Member Since Jul 08, 2020  6 posts vosrgen Jul 08 at 04:20
Hi, how can I copy/buy your EA?

falopey

Member Since Mar 15, 2013  5 posts falopey Jul 08 at 06:05
royjonesj posted:
To everyone here. Ive used rofx and let me tell you the drawdown is massive and nothing like there graph. The service is shabby. Id imagine paying taxes on this is the same as paying tax on income erned with any other broker. Rofx is not a broker just a signal provider and its free


Was Rofx trading your mt4 account and what’s the size of your mt4 account balance?

royjonesj

Member Since Jun 20, 2017  9 posts royjonesj 17 Hours ago
falopey posted:
royjonesj posted:
To everyone here. Ive used rofx and let me tell you the drawdown is massive and nothing like there graph. The service is shabby. Id imagine paying taxes on this is the same as paying tax on income erned with any other broker. Rofx is not a broker just a signal provider and its free


Was Rofx trading your mt4 account and what’s the size of your mt4 account balance?


My bad i was thinking about fxluxus but ro fx emailed me in 2019 and said they shift money between brokers? They sound like arbitrage or marketmaking. They claim not to be the broker therefore are not regulated but you are forced to hand the money to them rather then the brokers they claim to use. Been on myfxbook a while so dont know how? If real or not. You cant see your trades you cant see your money. They require 100% trust. Minimum at current btc prices is 460 dollars usd. Or 1000 cash

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