Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10

ROYAL FINANCE

Saint Vincent and the Grenadines|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://www.royalfinancelimited.com/

Website

Rating Index

Contact

+44 7575 939057
info@royalfinancelimited.com
https://www.royalfinancelimited.com/
Suite 305, Graffith Corporate Centre , Kingstown, St. Vincent and the Grenadines

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-04-18
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Users who viewed ROYAL FINANCE also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

IsandisoFX

7.50
Score
1-2 yearsRegulated in South AfricaFinancial Service CorporateMT5 Full License
Official website

FXCM

9.46
Score
Above 20 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

MultiBank Group

8.59
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

ROYAL FINANCE · Company Summary

Note: Regrettably, the official website of ROYAL FINANCE, namely https://www.royalfinancelimited.com/, is currently experiencing functionality issues.

ROYAL FINANCE Review Summary
Registered Country/Region Saint Vincent and the Grenadines
Regulation Unregulated
Market Instruments Forex, commodities, indices, stocks, cryptocurrencies
Demo Account Available
Leverage 1:400
EUR/ USD Spread 0.5 pips
Trading Platforms MT4, Status web
Minimum Deposit $250
Customer Support Phone and email

What is ROYAL FINANCE?

ROYAL FINANCE is a trading platform based in Saint Vincent and the Grenadines, operating in an unregulated environment. With leverage of up to 1:400 and a tight EUR/USD spread of 0.5 pips, traders can take advantage of market opportunities. Clients can trade on ROYAL FINANCE using the popular MT4 platform or the web-based Status platform. However, the inaccessibility of their official website raises concerns about the platform's reliability.

ROYAL FINANCE

If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.

Pros & Cons

Pros Cons
  • Competitive spreads
  • Not regulated
  • A range of trading instruments
  • Higher minimum deposits compared to some other brokers
  • MT4 supported
  • Inaccessible website
  • Non-transparent trading conditions
  • Lack of investor protection

Pros of ROYAL FINANCE:

- Competitive spreads: ROYAL FINANCE offers competitive spreads, including a tight EUR/USD spread of 0.5 pips, allowing traders to potentially lower their trading costs.

- A range of trading instruments: The platform provides access to a variety of market instruments, such as forex, commodities, indices, stocks, and cryptocurrencies, allowing for diversification and trading opportunities.

- MT4 supported: ROYAL FINANCE supports the widely used MetaTrader 4 (MT4) platform, known for its advanced charting tools and trading capabilities.

Cons of ROYAL FINANCE:

- Not regulated: The platform operates in an unregulated environment, potentially raising concerns about investor protection and the transparency of its operations.

- Higher minimum deposits compared to some other brokers: ROYAL FINANCE requires higher minimum deposits for its account options, which may be a barrier for traders with limited capital.

- Inaccessible website: The inaccessibility of the official website raises reliability concerns and may hinder traders from accessing essential information or support.

- Non-transparent trading conditions: ROYAL FINANCE lacks transparency in its trading conditions, which could lead to uncertainties or misunderstandings for traders.

- Lack of investor protection: Due to the lack of regulation, investors using ROYAL FINANCE will face risks related to the absence of investor protection measures typically provided by regulated brokers.

Is ROYAL FINANCE Safe or Scam?

ROYAL FINANCE's lack of regulation poses a significant risk to investors as it means there is no governmental or financial authority overseeing their operations, potentially leaving users vulnerable to fraudulent activities or malpractices within the platform.

Furthermore, the unavailability of their official website raises serious concerns about the reliability and stability of their trading platform, leading to doubts about the safety of users' funds and investments. In light of these factors, investing with ROYAL FINANCE entails a higher level of risk that investors should carefully consider and evaluate before making any financial decisions.

If you are contemplating investing with ROYAL FINANCE, it is crucial to conduct thorough research, assess the potential risks involved, and compare them with the anticipated rewards. Being well-informed about the platform's regulatory status, operational transparency, and security measures is essential in making a prudent investment choice that aligns with your risk tolerance and investment goals.

Market Instruments

ROYAL FINANCE provides a wide range of trading instruments across various asset classes, catering to the diverse investment needs of traders.

- Forex: ROYAL FINANCE offers a variety of currency pairs for trading in the foreign exchange market, allowing traders to speculate on the exchange rate movements between different currencies.

- Commodities: Traders can access and trade popular commodities such as gold, silver, crude oil, and agricultural products through ROYAL FINANCE's platform, enabling them to participate in commodity market movements.

- Indices: ROYAL FINANCE provides access to a selection of global stock indices, allowing traders to take positions on the performance of major stock market indices like the S&P 500, FTSE 100, or DAX.

- Stocks: Traders can trade shares of publicly-listed companies from around the world through ROYAL FINANCE, giving them the opportunity to invest in individual stocks and benefit from company performance.

- Cryptocurrencies: ROYAL FINANCE supports trading in popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and other digital assets, enabling traders to participate in the volatile cryptocurrency market.

Account Types

ROYAL FINANCE provides a range of account options, offering Micro, Standard, Gold, and VIP accounts with varying minimum deposit requirements.

The Micro account is designed for traders looking to start with a smaller investment, as it has a minimum deposit requirement of $250. This account type may appeal to beginner traders who are looking to gain experience in the markets without committing a large amount of capital upfront. The Micro account typically offers competitive spreads and leverage options to help traders manage their risk effectively.

The Standard account is suitable for traders with a bit more experience and a higher risk tolerance, as it requires a minimum deposit of $15,000. This account type may offer more advanced trading features, tighter spreads, and additional perks compared to the Micro account, providing traders with a more robust trading environment.

The Gold account is targeted towards traders with a higher level of experience and a larger trading capital, as it has a minimum deposit requirement of $55,000. This account type may offer premium trading conditions, personalized support, exclusive market analysis, and other benefits to enhance the trading experience for more seasoned traders.

Lastly, the VIP account is the most exclusive offering from ROYAL FINANCE, requiring a minimum deposit of $80,000. The VIP account is tailored for high-net-worth individuals and institutional clients, providing access to personalized services, priority customer support, exclusive trading conditions, and other VIP benefits to meet the specific needs of sophisticated and discerning traders.

Account Type Minimum Deposit Target Traders
Micro $250 Beginner traders
Standard $15,000 Experienced traders with higher risk tolerance
Gold $55,000 Experienced traders with larger capital
VIP $80,000 High-net-worth individuals and institutional clients
Account Types

Leverage

ROYAL FINANCE provides its clients with a maximum leverage of 1:400, allowing traders to amplify their trading positions and potentially maximize their profits. With high leverage, clients can control larger positions with a relatively smaller amount of capital, opening up opportunities for significant gains in the financial markets. Traders can take advantage of market movements and fluctuations to enhance their trading strategies and capitalize on potential profit opportunities.

However, high leverage also comes with increased risk exposure. While it can amplify profits, it also magnifies potential losses, leading to higher volatility and increased susceptibility to market fluctuations. Traders should exercise caution and implement risk management strategies when trading with high leverage to protect their capital and minimize potential losses. It is essential for traders to carefully assess their risk tolerance and consider the implications of using high leverage before engaging in trading activities.

Spreads & Commissions

ROYAL FINANCE offers competitive spreads starting from 0.6 pips, providing traders with tight pricing and potentially lower trading costs. Spreads refer to the difference between the buying (ask) price and the selling (bid) price of a financial instrument, and a lower spread signifies a narrower gap between these prices.

In addition to spreads, commissions are another aspect of trading costs that traders should consider when evaluating a broker's fee structure. Commissions are fees charged by the broker for executing trades on behalf of the clients, typically on a per-trade basis or as a percentage of the trade value. However, in the case of ROYAL FINANCE, the information regarding the commissions charged is not readily available due to the inaccessible website, making it challenging for potential clients to assess the complete cost structure of trading with the broker.

Trading Platforms

ROYAL FINANCE provides its clients with access to advanced and user-friendly trading platforms to execute trades efficiently and effectively.

  • MT4

The MetaTrader 4 (MT4) platform offered by ROYAL FINANCE is renowned in the trading industry for its robust features and versatility. MT4 is equipped with a wide range of tools for technical analysis, customizable charting capabilities, automated trading through Expert Advisors (EAs), and a user-friendly interface that caters to both novice and experienced traders. Traders can access a variety of trading instruments, including forex, commodities, indices, stocks, and cryptocurrencies, all within the MT4 platform.

  • Status Web Platform

In addition to MT4, ROYAL FINANCE offers the Status Web platform, providing clients with the convenience of accessing the markets through a web-based interface. Status Web offers a seamless trading experience without the need for any software downloads, allowing traders to monitor market movements, place trades, and manage their accounts directly from their web browsers. The platform is designed to be intuitive and easy to navigate, making it accessible to traders of all levels of experience. With Status Web, traders can stay connected to the markets and seize trading opportunities anytime, anywhere, as long as they have an internet connection.

demo account

Deposits & Withdrawals

ROYAL FINANCE provides a diverse selection of payment methods for both deposits and withdrawals, offering convenience and flexibility to its clients.

Clients can choose from popular options like VISA, Mastercard, Skrill, Maestro, and wire transfer to fund their trading accounts. These traditional payment methods ensure seamless transactions and quick access to the trading platform for clients who prefer using credit/debit cards or bank transfers.

In addition to traditional methods, ROYAL FINANCE also supports innovative online payment solutions such as Deal, GiroPay, EPS, Sofort, and Nordea. These electronic payment options offer clients alternative ways to deposit and withdraw funds, making the process efficient and user-friendly. With a variety of payment methods available, clients can select the option that best suits their preferences and requirements, whether they prefer the convenience of online wallets or the reliability of bank transfers.

Customer Service

Customers can visit their office or get in touch with customer service line using the information provided below:

Telephone: +44 7575 939057

Email: info@royalfinancelimited.com

Address: Suite 305, Graffith Corporate Centre , Kingstown, St. Vincent and the Grenadines

Conclusion

In conclusion, ROYAL FINANCE offers competitive spreads, a variety of trading instruments, and support for the popular MT4 platform, enhancing trading opportunities for users. However, the platform's lack of regulation, higher minimum deposits, inaccessible website, non-transparent trading conditions, and absence of investor protection raise significant concerns for investors. Traders should proceed with caution when considering ROYAL FINANCE as their brokerage choice, ensuring they fully understand and accept the risks associated with trading on an unregulated platform with limited transparency and investor safeguards.

Frequently Asked Questions (FAQs)

Q 1: Is ROYAL FINANCE regulated by any financial authority?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: How can I contact the customer support team at ROYAL FINANCE?
A 2: You can contact via phone: +44 7575 939057 and email: info@royalfinancelimited.com.
Q 3: What platform does ROYAL FINANCE offer?
A 3: It offers MT4 and Status web.
Q 4: What is the minimum deposit for ROYAL FINANCE?
A 4: The minimum initial deposit to open an account is $250.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Broker Information

Company Name

ROYAL FINANCE COMPANY LIMITED

Company Abbreviation

ROYAL FINANCE

Regulatory Status

No Regulation

Platform registered country and region

Saint Vincent and the Grenadines

Phone of the company
  • +44 7575 939057

Twitter

--

Facebook

--

Instagram

--

YouTube

--

Company address
  • Suite 305, Graffith Corporate Centre , Kingstown, St. Vincent and the Grenadines

Linkedin

--

WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address
  • info@royalfinancelimited.com

Company Summary

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

2

Comments

Write a review

oh?
more than one year
Oh man, where do I start with ROYAL FINANCE? So, their website closed all of a sudden - no heads-up, no nothing. Talk about a red flag, right? And as if that's not sketchy enough, they don't seem to have any regulatory oversight. So who knows if they're playing by the rules? Not exactly the type of 'royal' treatment I'd want when it comes to my finances.
2024-02-23 15:10
Reply
0
0
燕965
more than one year
All my money is gone and I can’t any longer do any withdrawals. I’m sure that this is there a strategy to embezzle your money. Everyone should be careful with this scam broker!
2023-02-27 18:12
Reply
0
0
TOP
Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com