Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighGenuine FSC Mauritius dealer licence since 15 Oct 2026, but offshore and new, after two years on a MISA licence, and the Bank of Russia lists rocobroker.com.
Identity & transparency
4/10 · ModerateCompany, address and licence are disclosed and match the FSC register; owners are unnamed, contacts are UK mobiles and Telegram, and the agreement still cites Comoros law.
Withdrawals & conduct
3/10 · LowNo refused, frozen or fee-gated withdrawals found; the complaints that exist concern spreads, commissions and connection drops on a thin review base.
Reputation
5/10 · ModerateSmall, mostly Persian review footprint averaging about 3.5 out of 5, with positive reviews bunched on a few dates, plus one regulator warning.
Website claims
5/10 · ModerateLicence statement is accurate, but the 12+ years experience claim is unsupported and the client agreement points to Comoros law and MISA arbitration.
Operational history
6/10 · HighAbout two years of verifiable operation (domain August 2024), one change of legal entity, and a Mauritius licence dated 15 Oct 2026.
Who they are
A quick desk file on the company behind the brand.
- Brand: ROCO (RocoBroker)
- Legal entity: Roco Broker (MU) Ltd, the contracting party in the client agreement; management company SALVUS (Mauritius) Ltd
- Registered: Ground Floor, Silver Bank Tower, 18 Bank Street, Cybercity, Ebene, Mauritius (matches the FSC register)
- Website: rocobroker.com, client area my.rocobroker.com, web terminal webtrading.rocobroker.com; versions in English, Persian, Russian, Arabic, German and Chinese
- Only licence: FSC Mauritius Investment Dealer (Full Service Dealer excluding Underwriting), licensed 15 October 2026; the site cites number GB26206677
- Earlier operator: Roco Broker Ltd of Fomboni, Mohéli (Comoros), MISA licence BFX2024190 from 25 October 2024, with offices listed in New Cairo (Egypt) and Podgorica (Montenegro)
- Offers: forex and CFDs on MetaTrader 5, leverage up to 1:1000, no minimum deposit, a 40% first-deposit bonus, payments in USDT, cards and local gateways including Iranian rial via TCPAY
- Not accepted: residents of the USA and North Korea
- Contact: UK mobile numbers (+44 7401 131099, WhatsApp +44 7723 179486), Telegram @RocoBrokersupport, support@rocobroker.com
- Age claim: 12+ years of financial market experience; the domain was registered on 29 August 2024
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: Yes
We confirmed this broker on a genuine regulator’s register.
Licences the broker publishes
Financial Services Commission, Mauritius (FSC)
Found by our investigation (1) — the broker does not list these on its own site
Mwali International Services Authority (MISA), Comoros
Found by us — not listed by the broker
Why we reached this verdict
How the evidence adds up.
ROCO is a high-risk offshore broker, not a confirmed scam. The findings alone score 54%. We publish 65% because the operation is too young for a quiet record to mean much.
- Genuine but new licence. The FSC Mauritius register lists Roco Broker (MU) Ltd as an Investment Dealer (Full Service Dealer excluding Underwriting) from 15 October 2026, at the Ebene address the website gives. It is a real dealing licence, but from an offshore regulator and with almost no supervisory history behind it.
- Bank of Russia warning. Since 10 December 2025 the Bank of Russia has listed Rocobroker, website rocobroker.com, among entities with signs of an illegal professional securities market participant. The site still runs a Russian-language version and excludes only the USA and North Korea. The listing concerns unlicensed business in Russia, not a finding of fraud. It still applies under the new licence because the domain and brand have not changed.
- Two years on a licence that offers no real protection. From October 2024 to mid-2026 the site was run by Roco Broker Ltd, a Mohéli (Comoros) company holding MISA licence BFX2024190. In December 2025 the Central Bank of the Comoros said licensing financial institutions is its exclusive power. It named MISA among structures falsely claiming to grant approvals.
- The contract still points to the Comoros. The current client agreement names Roco Broker (MU) Ltd. Yet clauses 15.2 and 22 apply Comoros law, give Comoros courts exclusive jurisdiction and hand disputes to an arbitrator appointed by MISA. The agreement does not say client money is kept in segregated accounts.
- Selling beyond its licence. ROCO offers local payment routes for 40 countries, including Australia, Canada, Japan and Singapore, and takes Iranian rial through TCPAY. Iran and North Korea are the two countries on the FATF list of high-risk jurisdictions subject to a call for action. ROCO excludes North Korea but serves Iranian clients.
- An age claim it cannot back. The About page leads with 12+ years of financial market experience. The domain was registered on 29 August 2024 and the first licence dates from 25 October 2024.
- No missing-money pattern. Reviews are few and mostly in Persian. They complain about spreads, commissions and connection drops. None reports a refused withdrawal or a fee demanded to release funds.
- Why 65%. The verifiable track record is about two years, counted from the domain registration. Roco Broker (MU) Ltd's incorporation date is not shown on its FSC entry or its website, so that figure is an upper bound. For an operation this young, a quiet complaint record says little, so the published figure is raised from 54% to 65%. The increase reflects the short history, not misconduct beyond what is listed above.
Evidence ledger
Every finding, with its source and how strongly it points.
E1The FSC register lists Roco Broker (MU) Ltd as SEC-2.1B Investment Dealer (Full Service Dealer excluding Underwriting), date of licence 15/10/2026, management company SALVUS (Mauritius) Ltd, business and registered office Ground Floor, Silver Bank Tower, 18 Bank Street, Ebene Cybercity. The name and address match rocobroker.com.
Hard proofFSC Mauritius Online Public RegisterE2The Bank of Russia list of entities with detected signs of illegal activities in the financial market names Rocobroker, website rocobroker.com, for signs of an illegal professional securities market participant, entered 10.12.2025. It concerns offering services in Russia without a Bank of Russia licence.
E3ROCO advertises local payment gateways for 40 countries, including Australia, Canada, Japan and Singapore. It runs Russian and German language versions and excludes only the USA and North Korea, while its only licence is from Mauritius.
E4The FAQ says fiat deposits and withdrawals run through local gateways including Iranian rial via TCPAY, with USDT on TRC20, ERC20 and BEP20. The site has a Persian version.
Moderaterocobroker.com home page FAQE5The statement records that North Korea and Iran remain on the FATF list of high-risk jurisdictions subject to a call for action.
E6The agreement names Roco Broker (MU) Ltd as the company, but clauses 15.2 and 22 apply Comoros law, give Comoros courts exclusive jurisdiction and provide for one arbitrator appointed by the Mwali International Services Authority.
ModerateROCO client agreement vol. 7E7Clauses 7.7 and 23.9 let the firm cancel or adjust profits, bonuses or balances and refuse requests where it suspects abuse or misconduct. Clause 8.5 charges 3% or the deposit fees on a withdrawal made without trading. The agreement does not mention segregated client money.
ModerateROCO client agreement vol. 7E8Until mid-2026 the site named ROCO Broker Ltd, registered at Bonovo Road, Fomboni, Mohéli, Comoros, with physical addresses in Podgorica and New Cairo. It also showed MISA registration HT01024109 and licence BFX2024190, and payments by rial via TCPAY and crypto.
E9On that date MISA's brokerage list showed Roco Broker LTD, licence BFX2024190, issued 25/10/2024, status Active.
E10On 10 December 2025 the central bank stated that licensing banks and financial institutions in the Comoros is its exclusive power. It named MISA among structures falsely claiming to grant approvals.
E11rocobroker.com was registered on 29 August 2024 through eNom. The earliest TLS certificate and the first archived copy both date from 30 August 2024.
ModerateVerisign RDAP recordE12The About page leads with 12+ years of financial market experience, about ten years more than the operation's verifiable history.
Moderaterocobroker.com About pageE13The promotions page offers a 40% first-deposit bonus up to $1,000 at up to 1:100 leverage and a $50 bonus after 100 lots. It also offers a motivational bonus: an expert contacts clients whose account shows a $500 loss.
E14Contact options are UK mobile numbers, WhatsApp, Telegram and email. There is no Mauritius phone number and no named directors or owners.
E1514 user reviews averaging 3.5 out of 5 between February 2025 and February 2026. Complaints concern spreads, commissions and connection drops; none reports a refused withdrawal, and several report fast withdrawals. Positive reviews cluster on a few dates. The site says it has received no violation reports.
Moderateiranbroker.net review pageE16Claimed profile under Roco Broker Ltd. since December 2024, contact country still Comoros, with one five-star review in Persian dated 31 August 2026.
WeakTrustpilotE17No alerts match rocobroker or roco broker in the IOSCO international alerts database.
WeakIOSCO I-SCANE18Mobile and Mac downloads point to official MetaQuotes links for the broker's own MT5 server, RocoBroker-Ltd, which indicates a real trading platform.
The other side
The strongest case in this broker’s favour.
There is a fair case that ROCO is a small offshore broker moving up, not a scam.
- It sought a real regulator. Moving from a MISA registration to an FSC Mauritius Investment Dealer licence meant passing a licensing review, appointing a local management company and keeping a registered office in Ebene. Operations built to take money and vanish rarely put themselves under a supervisor that can inspect them.
- One consistent identity. Since August 2024 the brand, domain, UK support number and MetaTrader 5 server name (RocoBroker-Ltd) have stayed the same. The site names its company, address and licence.
- No missing-money reports. Across Trustpilot, an Iranian review site and a third-party broker directory, no client reports a refused or frozen withdrawal. Several describe fast withdrawals, and the Iranian review site says it has received no violation reports about ROCO.
- The Russian listing is about licensing. The Bank of Russia lists many foreign brokers that accept Russian clients without a Russian licence. Its entry does not say ROCO kept anyone's money.
- Experience is not founding. The 12+ years line may describe the team's background rather than the company's age.
What would change this
What we would need to see to revise the verdict.
Specific findings would move this assessment either way.
- Lower risk: a client agreement placing disputes under Mauritius law, a clear statement that client money is held in segregated accounts, an end to Iranian rial payments and to selling in countries where ROCO is unlicensed, removal from the Bank of Russia list, and a longer clean record under the FSC licence.
- Higher risk: credible, specific reports of refused or stalled withdrawals, any demand for a fee or tax before funds are released, FSC action against Roco Broker (MU) Ltd, the licence leaving the FSC register, or new regulator warnings naming rocobroker.com.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
FSC Mauritius online register (search Roco Broker)
Search the name to see Roco Broker (MU) Ltd's Investment Dealer licence dated 15/10/2026
Bank of Russia warning list entry: Rocobroker
Lists rocobroker.com for signs of an illegal securities market participant since 10 Dec 2025
ROCO client agreement (vol. 7)
See clauses 15 and 22 for the Comoros law and MISA arbitration terms
ROCO legal documents
The broker's published agreements, policies and licence statement
IOSCO I-SCAN search for rocobroker
International regulator alert database; no alerts at the time of writing
Central Bank of the Comoros communiqué on offshore licences
December 2025 statement rejecting MISA's power to license financial institutions
Frequently asked questions
Quick answers about this broker’s safety.
Is ROCO a scam?
We have not found proof that ROCO is a scam, but we rate it high risk at 65%. It holds a genuine FSC Mauritius dealer licence issued on 15 October 2026, yet the Bank of Russia lists its website and the operation is only about two years old. We found no pattern of refused withdrawals.
Is ROCO a fraud?
We found no evidence of fraud. No regulator or court has accused ROCO or its companies of fraud, and no client report we found describes a refused withdrawal or a fee demanded to release funds. The Bank of Russia warning concerns offering services in Russia without a licence.
Is ROCO regulated?
Yes, since 15 October 2026. The FSC Mauritius register lists Roco Broker (MU) Ltd as an Investment Dealer (Full Service Dealer excluding Underwriting) at the same Ebene address shown on rocobroker.com. Before that, the brand operated under a Comoros MISA licence that gives clients no real protection.
Why is ROCO on the Bank of Russia warning list?
On 10 December 2025 the Bank of Russia added Rocobroker, website rocobroker.com, to its list of entities with signs of an illegal professional securities market participant. In practice that means offering investment services to people in Russia without a Bank of Russia licence. The site still runs a Russian-language version.
Who owns and runs ROCO?
The website is operated by Roco Broker (MU) Ltd, a Mauritius company whose management company is SALVUS (Mauritius) Ltd. The site does not name its owners or directors. Until mid-2026 the same site was run by Roco Broker Ltd, a company registered on Mohéli in the Comoros with offices listed in New Cairo and Podgorica.
How long has ROCO been operating?
About two years. The rocobroker.com domain was registered on 29 August 2024 and the first licence, from MISA, is dated 25 October 2024. Nothing we could verify about the company supports the About page's claim of 12+ years of financial market experience.
Can I withdraw my money from ROCO?
We found no reports of refused or frozen withdrawals, and several clients on an Iranian review site say withdrawals were approved quickly. The client agreement charges 3% (or the deposit fees) if you withdraw without trading after a deposit, and lets the firm remove profits it considers abusive. Test a small withdrawal first.
Is my money safe with ROCO?
Only to a limited degree. The FSC licence is genuine but offshore and new, the client agreement does not say client money is held in segregated accounts, and disputes go to Comoros courts or a MISA-appointed arbitrator. Money sent through TCPAY or crypto is hard to recover if something goes wrong.
What is an FSC Mauritius licence worth?
It is a real licence from a working regulator that sets capital, compliance and reporting rules, and a clear step up from MISA. It is still an offshore licence for firms serving clients outside Mauritius, and it gives far less protection than a licence from the FCA, ASIC or CySEC.
What was ROCO's MISA licence?
Roco Broker Ltd held Forex Trading License (EP) BFX2024190 from the Mwali International Services Authority, dated 25 October 2024. In December 2025 the Central Bank of the Comoros said licensing financial institutions is its exclusive power and named MISA among structures falsely claiming to grant approvals. ROCO's site no longer cites this licence.
Is ROCO a clone of another broker?
No. ROCO uses its own brand, its own domain since 2024 and its own licensed company. The FSC register entry matches the name and address on rocobroker.com, and we found no other firm whose licence or identity ROCO uses.
Does ROCO accept clients from Iran?
Yes. The site has a Persian version and offers deposits and withdrawals in Iranian rial through TCPAY. Iran and North Korea are the two countries on the FATF list of high-risk jurisdictions subject to a call for action, and ROCO excludes only North Korea.
What should I check before depositing with ROCO?
Confirm the FSC register entry yourself, read the dispute clauses (15 and 22) in the client agreement, and check whether ROCO is licensed in your country. Understand the bonus terms before accepting one and make a small test withdrawal. Never pay a fee to release funds.
What should I do if I cannot withdraw from ROCO?
Put the request in writing to support@rocobroker.com and keep every record. You can complain to the Financial Services Commission, Mauritius, which licenses Roco Broker (MU) Ltd. If you paid by card, ask your bank about a chargeback quickly. Ignore anyone offering to recover your money for an upfront fee.
What we recommend
The practical takeaway from everything above.
If you are considering ROCO, treat it as a high-risk offshore broker and keep the amount small.
- Search Roco Broker on the FSC Mauritius online register and confirm the Investment Dealer entry is still listed.
- Read clauses 15 and 22 of the client agreement. Disputes go to Comoros courts and a MISA-appointed arbitrator, not to Mauritius.
- Check your own country. Residents of Russia should note the Bank of Russia warning. Residents of Australia, Canada, Japan, Singapore or the EU would be dealing with a firm their own regulator has not licensed.
- Prefer a card over TCPAY or crypto, since card payments can sometimes be disputed with your bank.
- Withdraw a small amount before depositing more. Skip the 40% bonus unless you accept that the agreement lets the firm cancel bonuses and profits it considers abusive.
- Treat a call from an expert after a loss as a sales call, and never pay a fee or tax to release a withdrawal.
- Keep your own records: receipts, chat logs and account statements.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed November 8, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.
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