Wikilix
Contract reading

What ROCO legally published, but does not want you to read

Every clause below is published by ROCO itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on .

Contracting entity: Roco Broker Ltd

sole discretionprofit voidingdeemed acceptanceforum waiverhidden feeunilateral amendmentbonus lockcountry restrictiondormancyjoint liability

Roco Broker Ltd promises that bonus profit is always withdrawable. Its contract lets it cancel that profit on suspicion alone. The payments page calls crypto withdrawals commission-free, while clause 8.7 allows a 3% charge. Complaints are judged under a procedure ROCO does not publish, and arbitration gives you one arbitrator picked by the authority that licenses ROCO.

Back to ROCO

Contract risk

Money at risk
8.0/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
5
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
15
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
9
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
3

How the 15 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical5
Warning8
Notice2

section 34 of 37is where the deepest clause sits, 92% of the way into the document it is in

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

3 of these 4 figures come from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical$1000In the contract. Jump to the clause this comes from.Bonus profit sold as always withdrawable, contract says otherwiseCritical3%Fee you were not shown. Jump to the clause this comes from.A 3% withdrawal charge the payments page calls commission-freeCritical1Time to complain. Jump to the clause this comes from.Complaints judged under a procedure ROCO does not publish90 daysFee on an unused account. Jump to the clause this comes from.Small leftover balances given to charity after 90 days

What the documents say

15 clauses worth knowing about, worst first, each quoted from ROCO's own files

01

ROCO's promotions page says bonus profit is always available for withdrawal. Clause 23(f) of the Client Agreement lets ROCO cancel that profit whenever it suspects misuse. Nothing in the contract defines misuse.

Why this matters

You can trade a $1,000 bonus into real profit and still lose all of it. ROCO only has to suspect misuse, and it does not have to warn you first.

Exhibit 1CriticalHarder than usual$1000

f) The Company can disqualify anyone from the Trading Benefit Scheme if it suspects misuse or breaches of the agreement and cancel their profits. The Company will not be liable for any consequences of this disqualification.
Clause 23(f) in Client Agreement Volume 7
Read from the broker's site on Open the reference

Buried at section 24 of 37 in the Client Agreement Volume 7, 65% of the way through.

What it costsA first deposit of $2,500 earns the full $1,000 first-deposit bonus. Clause 23(f) puts every dollar of profit made with that bonus at ROCO's discretion.

  • Worse together with Exhibit 3The same contract lets ROCO remove ordinary trading profit on suspicion, so the bonus promise sits on top of a general power to cancel gains.
02

Withdraw without trading since your last deposit and ROCO can take 3% of the amount. Clause 8.7 also lets it charge back any deposit fees instead. ROCO's payments page calls crypto withdrawals commission-free.

Why this matters

A $10,000 withdrawal can reach you as $9,700. You find out by email after ROCO has already applied the charge.

Exhibit 2CriticalHarder than usual3%

In case the Client performs a withdrawal request without any trading activity from the last deposit made or if any other form of abuse is found the Company reserves the right to: a) Charge the Client the equivalent amount of any deposit fees incurred, or b) 3% of the total withdrawal amount.
Clause 8.7 in Client Agreement Volume 7
Read from the broker's site on Open the reference

Where it sits: section 14 of 37 in the Client Agreement Volume 7, 38% of the way through.

What it costsA $10,000 withdrawal with no trading since the last deposit loses $300 to the 3% charge. You receive $9,700.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must disclose costs and charges to a retail client before that client trades. Clause 8.7 puts the charge in a contract the signup form never shows you.

ROCO is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

03

ROCO can take back your profits when it believes your trading was improper. Clause 4.11 rests on what the company believes and clause 22.9 on what it suspects. Neither one needs proof.

Why this matters

Money you have already earned can come off your balance without warning. Your only route back is ROCO's own internal review, then arbitration in the Comoros islands.

Exhibit 3CriticalHarder than usual

The Company can suspend, close, or reverse any Transaction due to misconfiguration, technical error, or suspected fraud, manipulation, arbitrage, or deceitful activity in the Client's account(s). In these cases, the Company can take back any profits and charge any costs that it believes were improperly gained.
Clause 4.11 in Client Agreement Volume 7
Read from the broker's site on Open the reference

Where it sits: section 13 of 37 in the Client Agreement Volume 7, 35% of the way through.

  • Worse together with Exhibit 10The prohibited conduct list is broad enough to catch fast trading and news trading, and clause 7.7 turns either one into cancelled profit.
  • Worse together with Exhibit 4The power to remove profit meets a complaints procedure ROCO has not published, so the decision and the appeal route are both set by ROCO.
04

ROCO says it handles complaints under its Complaints Handling Procedure. That document is not on its legal page. If a dispute reaches arbitration, clause 21.5 gives you one arbitrator, appointed by the authority that licenses ROCO.

Why this matters

You cannot read the rules your complaint will be judged by before you deposit. The contract sets no deadline for ROCO to answer you.

Exhibit 4CriticalRarely seen1

14.1. The Client may submit complaints to the Company in writing. The Company will address complaints in accordance with its Complaints Handling Procedure.
Clause 14.1 in Client Agreement Volume 7
Read from the broker's site on Open the reference

Where it sits: section 17 of 37 in the Client Agreement Volume 7, 46% of the way through.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must publish a complaints procedure and give retail clients free access to an independent ombudsman. ROCO names a procedure it does not publish and routes disputes to an arbitrator chosen by its own licensing authority.

ROCO is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingThe body that licensed ROCO also picks the single arbitrator who decides disputes against ROCO. Most retail agreements name an arbitration institution that is separate from the firm's regulator.

05

If your account falls into a negative balance, ROCO can pursue you for the shortfall. Clause 9.3 lets it recover from your future deposits. Clause 7.9 says any negative balance protection does not apply to conduct ROCO calls prohibited.

In plain words

Negative balance protection is a limit that stops you owing more than you put in. Without it, one fast market move can leave you owing the broker money on top of your deposit.

Why this matters

A loss bigger than your balance becomes a debt you still owe. Your next deposit can be taken to cover it before you place any trade.

Exhibit 5CriticalHarder than usual

in such case, the Client shall remain fully liable for the negative balance and the Company shall have the right to deduct, set off, recover, or otherwise claim such amount from any available funds, balances, or future deposits of the Client, to the fullest extent permitted by applicable law.
Clause 9.3 in Client Agreement Volume 7
Read from the broker's site on Open the reference

Where it sits: section 13 of 37 in the Client Agreement Volume 7, 35% of the way through.

Set against a regulated standard: FCA (UK), ESMA (EU)

Firms licensed by the FCA and regulated under ESMA rules must give retail clients negative balance protection, so a client cannot lose more than the money in the account. ROCO offers that protection only where it decides it applies.

ROCO is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 6Leverage of 1:1000 makes a negative balance far easier to reach, and this clause leaves you owing the difference.
06

Every ROCO account offers leverage up to 1:1000, which multiplies your losses as well as your gains. ROCO's regulation page says regulated firms may not offer consumers leverage at that level. The Client Agreement lists 1:1000 in its definitions.

Why this matters

ROCO hands you a level of leverage its own page says consumers should not be offered. Higher leverage means a smaller price move empties your account.

Exhibit 6WarningStandard wording1000

Leverage: shall mean 1:25, 1:50, 1:100, 1:200, 1:500, 1:1000 ratio, (other ratios may also be available on the Website) in respect of Transaction Size and Initial Margin.
Clause 2, Definitions, Leverage in Client Agreement Volume 7
Read from the broker's site on Open the reference
Our own capture of rocobroker.com, taken on Sep 17, 2026The claim, on Requirements section of ROCO's English regulation explainer pageVisit this page on the broker's siteDownload the full size image file

Where it sits: section 3 of 37 in the Client Agreement Volume 7, near the start.

What it costsAt 1:1000 the margin behind a position is 0.1% of its size. A move of 0.1% against you removes that margin.

A 3% withdrawal charge the payments page never mentions

Clause 8.7 lets Roco Broker Ltd take 3% of any withdrawal made without trading since your last deposit. ROCO's payments page calls crypto deposits and withdrawals commission-free. Clause 8.1 also lets ROCO change its fee schedule without giving you written notice first.

Cost disclosure1 clause flagged

The fee schedule can change at any time, and clause 8.1 says ROCO does not owe you written notice first. Clause 8.3 lets ROCO take those fees straight out of your account.

Why this matters

A charge you never agreed to can appear on your balance. Watching the website for changes is left to you under clause 3.1(h).

Exhibit 8WarningHarder than usual

The Client agrees to pay all fees, commissions, and other charges as specified in the Company's fee schedule, which may be amended from time to time without prior Written Notice to the Client.
Clause 8.1 in Client Agreement Volume 7
Read from the broker's site on Open the reference

Where it sits: section 14 of 37 in the Client Agreement Volume 7, 38% of the way through.

ROCO sets the rules after you have deposited

Clause 15.1 lets Roco Broker Ltd rewrite the agreement at any time at its sole discretion. Clause 9.3 keeps you liable for a negative balance and lets ROCO recover it from your future deposits. Clause 7.3 treats a position closed within 60 seconds as prohibited trading.

Broker discretion2 clauses flagged

Clause 15.1 lets ROCO change the terms at any time at its sole discretion. Posting the change on its website counts as telling you. An email counts as delivered one hour after ROCO sends it.

Why this matters

Terms you agreed to can change while you hold open positions. You are treated as informed whether or not you ever saw the notice.

Exhibit 9WarningHarder than usual

The Client acknowledges that the Company has the right to unilaterally modify the terms and conditions of the Operative Agreements at any time and at its sole discretion, giving to the Client Written Notice by email and/or by posting the modification on the Company Website.
Clause 15.1 in Client Agreement Volume 7
Read from the broker's site on Open the reference

Where it sits: section 18 of 37 in the Client Agreement Volume 7, 49% of the way through.

ROCO bans closing a position within 60 seconds of opening it. Clause 7.5(d) also bans trading around high impact news with the intent to exploit widened spreads or slippage. Clause 7.7 lets ROCO cancel the profits from either.

Why this matters

Ordinary fast trading can be treated as abuse. The contract never says how ROCO decides what your intent was.

Exhibit 10WarningHarder than usual

The Company prohibits scalping or any trading strategy that results in excessive orders being placed and immediately closed within a short time span, such as:
Clause 7.3 in Client Agreement Volume 7
Read from the broker's site on Open the reference

Where it sits: section 11 of 37 in the Client Agreement Volume 7, 30% of the way through.

Complaints run on rules ROCO has not published

ROCO handles complaints under a Complaints Handling Procedure that is not on its legal page. Clause 21.5 sends unresolved disputes to a single arbitrator appointed by MISA, the authority that licenses ROCO. Clause 4.10 lets ROCO compress your trade history into one line after a month.

Exit route1 clause flagged

Trading history older than one month can be archived into a single summarized line, without notice, under clause 4.10. Clause 17.3 makes ROCO's phone recordings final proof of what was said.

Why this matters

The records you would use to challenge a trade can be condensed before you need them. ROCO does say it keeps the original and will give it to you on request.

Exhibit 11WarningHarder than usual

The Client agrees that their trading history on MetaTrader 5 and/or any other platform provided by the company, may be archived by the Company at any time, without notice, into a single summarized line if it exceeds one month.
Clause 4.10 in Client Agreement Volume 7
Read from the broker's site on Open the reference

Where it sits: section 9 of 37 in the Client Agreement Volume 7, near the start.

  • Worse together with Exhibit 4A complaint with no published procedure is harder still to make when ROCO controls both the trade record and the call recording.

ROCO can be the other side of your trade

Clause 10.1 lets Roco Broker Ltd buy from you and sell to you for its own account. Clause 10.2 lets ROCO proceed without telling you first. The contract discloses this plainly. ROCO's trading pages do not mention it.

Both sides1 clause flagged

ROCO can buy from you and sell to you for its own account, which means it can gain when you lose. Clause 10.2 lets ROCO go ahead without telling you first.

Why this matters

The company quoting your price can be the company on the other side of it. ROCO admits this in the contract and says nothing about it on its trading pages.

Exhibit 13WarningStandard wording

a) Buy from or sell to the Client for its own account; b) Match the Client's transactions with those of other clients; c) Hold positions in the Instruments it offers the Client; or d) Provide advice or services to other clients who have conflicting interests.
Clause 10.1 in Client Agreement Volume 7
Read from the broker's site on Open the reference

Where it sits: section 16 of 37 in the Client Agreement Volume 7, 43% of the way through.

Leftover balances go to charity after 90 days

Clause 8.4 lets Roco Broker Ltd take a balance of up to 1 EUR/USD from an account closed or inactive for 90 calendar days. ROCO gives that money to charity at its absolute discretion. The contract treats an account as dormant after three consecutive months without trading.

Dormant accounts1 clause flagged

Leave under 1 EUR/USD on a closed or inactive account for 90 days and ROCO can take it. Clause 8.4 lets ROCO give that money to charity at its absolute discretion.

In plain words

Dormancy means an account left unused.

Why this matters

The sum is small, but the money is yours and ROCO does not have to ask. The contract promises you no notice before it goes.

Exhibit 7WarningRarely seen90 days

The Client agrees in the event that his/her remaining Trading Account Balance is up to 1 EUR/USD or the equivalent to EUR/USD per account and his/her Trading Account is closed or inactive for more than 90 calendar days, then the Company shall have the right to deduct this remaining Trading Account Balance and use it for charity purposes at its absolute discretion.
Clause 8.4 in Client Agreement Volume 7
Read from the broker's site on Open the reference

Where it sits: section 14 of 37 in the Client Agreement Volume 7, 38% of the way through.

Our readingMost agreements charge a dormancy fee until the balance reaches zero. Handing the remainder to a charity of the firm's choosing is a different mechanism, because the money leaves the firm and cannot be reclaimed.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Three months without tradingROCO treats the account as dormant or inactive.2, Definitions, Dormant and/or Inactive Account
Day 90, balance up to 1 EUR/USDROCO can deduct the remaining balance and give it to charity.8.4

No clause promises to keep your deposit separate from ROCO's own money

You contract with Roco Broker Ltd, licensed in the Comoros Union by MISA. No clause in its documents promises to hold your deposit in a segregated account, and no compensation scheme is named. The only custody clause is qualified with the words as and if applicable.

Who holds your money2 clauses flagged

You contract with Roco Broker Ltd, registered on Mohéli in the Comoros Union and licensed by MISA. No clause promises to hold your deposit in a separate account. The only custody clause is qualified with the words as and if applicable.

Why this matters

If ROCO fails, nothing in these documents puts your deposit beyond the reach of its creditors. No compensation scheme is named anywhere.

Exhibit 14WarningHarder than usual

4.5. Provide safekeeping and administration of financial instruments for the account of Client (as and if applicable), including custodianship and related services such as cash/collateral management.
Clause 4.5 in Client Agreement Volume 7
Read from the broker's site on Open the reference

Where it sits: section 8 of 37 in the Client Agreement Volume 7, near the start.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must hold retail client money in segregated accounts and belong to a compensation scheme that pays out if the firm fails. ROCO's documents promise neither.

ROCO is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

ROCO's AML policy commits the company to the Bank Secrecy Act and the USA PATRIOT Act. Both are United States statutes. ROCO's own footer says it does not serve residents of the USA.

Why this matters

A policy naming the wrong country's law shows how closely these documents were written for this firm. The risk warning on every ROCO page also links to a risk disclosure file that is not on the site.

Exhibit 15NoticeHarder than usual

We have implemented a comprehensive AML program designed to ensure compliance with the relevant laws and regulations, including the Bank Secrecy Act (BSA), the USA PATRIOT Act, and other applicable laws and regulations.
Clause AML Compliance, 2. AML Policy Statement in Client Agreement Volume 7
Read from the broker's site on Open the reference

Buried at section 34 of 37 in the Client Agreement Volume 7, 92% of the way through.

Comoros law, Comoros courts, no cooling off period

Clause 21.1 puts the agreement under the law of Comoros Union, and clause 21.2 names its courts as the only venue. Clause 5.3 removes any right to cancel because you signed up online. Both terms are ordinary for a broker registered where ROCO is registered.

Governing law1 clause flagged

Roco Broker Ltd contracts under the law of Comoros Union and names its courts as the only venue. Clause 5.3 removes any right to cancel on the grounds that you signed up online.

Why this matters

Taking ROCO to court means doing it in the Comoros islands. You also get no cooling off period after you register.

Exhibit 12NoticeStandard wording

21.2. Any legal action or proceeding arising under this Agreement shall be brought exclusively in the courts of Comoros Union.
Clause 21.2 in Client Agreement Volume 7
Read from the broker's site on Open the reference

Where it sits: section 21 of 37 in the Client Agreement Volume 7, 57% of the way through.

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

ROCO advertises bonus profit as always withdrawable while its contract lets it cancel that profit on suspicion.

Said in public, in English

The profit from the bonus is always available for withdrawal.

Condition 3 under the 40% Deposit Bonus on the English promotions page

In the contract · clause 23(f)

f) The Company can disqualify anyone from the Trading Benefit Scheme if it suspects misuse or breaches of the agreement and cancel their profits. The Company will not be liable for any consequences of this disqualification.

02

The payments page calls crypto withdrawals commission-free while clause 8.7 allows a 3% charge on any withdrawal.

Said in public, in English

Crypto deposits and withdrawals at Roco Broker are commission-free.

Crypto panel on the English deposit and withdrawal methods page

In the contract · clause 8.7

In case the Client performs a withdrawal request without any trading activity from the last deposit made or if any other form of abuse is found the Company reserves the right to: a) Charge the Client the equivalent amount of any deposit fees incurred, or b) 3% of the total withdrawal amount.

03

ROCO's regulation page says consumers should not be offered 1:1000 leverage, and ROCO offers 1:1000 on every account type.

Said in public, in English

Leverage limits – These limits ensure clients maintain an acceptable risk level. As such, firms may not offer increasingly higher leverage to consumers (e.g. 1:1000).

Requirements section of ROCO's English regulation explainer page

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of rocobroker.com

In the contract · clause 2, Definitions, Leverage

Leverage: shall mean 1:25, 1:50, 1:100, 1:200, 1:500, 1:1000 ratio, (other ratios may also be available on the Website) in respect of Transaction Size and Initial Margin.

The documents this reading is based on

9 files, all published by ROCO. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording ROCO publishes.

How this reading was done

Every clause above was read out of a document ROCO publishes itself

This reading was published on .

Documents
2 of 9downloaded from the broker's site, and 2 read in full
Pages opened
22pages walked to find those documents, footer links included
Marketing pages
8public pages set against what the contract says
Position measured
15clauses whose position was counted: which numbered section of the document holds them, out of how many

Who the contract is with

Roco Broker Ltd

Roco Broker Ltd is the company you contract with. Its own privacy policy places it on Bonovo Road, Fomboni, Island of Mohéli, Comoros Union, under MISA registration HT01024109 and licence BFX2024190. The offices ROCO advertises in Podgorica and New Cairo are not the contracting entity. No second company appears anywhere in the documents.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

ROCO states its swap-free limit plainly. Hold an eligible position past seven days and swap is charged back to the first rollover, not from day eight. Clause 7.3 puts a number on scalping, 60 seconds, rather than leaving the word undefined. Clause 10.1 admits ROCO can trade against you for its own account. All eight agreements sit on one page with download links.

We read the Client Agreement, Volume 7, end to end. That single file also carries ROCO's risk disclosure, privacy policy and AML policy, and every quotation credited to it comes from there. We did not read the seven other PDFs on ROCO's legal page. Those are the Swap-Free Account Agreement, the separate Risk Disclosure, AML and Privacy files, both Social Trade agreements, and the PAMM agreement. The swap-free terms quoted here come from ROCO's own swap-free product page. The risk warning at the foot of every ROCO page links to a risk disclosure file that is not on the site. No earlier version of any document is available, so this is a first reading with nothing to compare against.

How to check any of this yourself

Every quote above links to the ROCO file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document ROCO publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge ROCO on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Sep 17, 2026.

If you represent ROCO and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on ROCO. Whether its licence is real and current is a separate check on the broker profile.

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