Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10

Royal Trading Fx

Saint Vincent and the Grenadines|Scam Brokers|
5-10 years|Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://royaltradingfx.com

Website

Rating Index

Contact

info@royaltradingfx.com
https://royaltradingfx.com

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

Broker Information

More

Company Name

Royal Trading Fx Ltd

Company Abbreviation

Royal Trading Fx

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

This platform is a Ponzi Scheme. Please stay away! 3
Previous Detection : 2024-02-24
  • This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
  • The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.

WikiFX Verification

Users who viewed Royal Trading Fx also viewed..

XM

9.03
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

LonghornFX

7.58
Score
2-5 yearsRegulated in United KingdomCommon Business RegistrationMT4/5 full license
Official website

FP Markets

8.87
Score
15-20 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

HFM

8.28
Score
10-15 yearsRegulated in CyprusMarket Making(MM)MT4/5 full license
Official website
Pyramid scheme complaint
Expose

Royal Trading Fx · Company Summary

Note: Royal Trading Fxs official site - http://ww1.royaltradingfx.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

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 contained in this article is for general information purposes only.

General Information & Regulation

Feature Information
Registered Country/Region Saint Vincent and the Grenadines
Regulation unregulated
Market Instrument forex currency pairs, metals, futures and shares
Account Type Classic, STP, ECN and Standard
Demo Account N/A
Maximum Leverage 1:1000
Spread (EUR/USD) from 0.1 pips
Commission N/A
Trading Platform MT4, Webtrader
Minimum Deposit $100
Deposit & Withdrawal Method N/A

Royal Trading Fx, a trading name of Royal Trading Fx Ltd, is allegedly a forex broker registered in Saint Vincent and the Grenadines that claims to provide its clients with various tradable financial instruments with leverage up to 1:1000 and floating spreads from 0.1 pips on the MT4 and web trader trading platforms via four different live account types.

However, Royal Trading Fx has been verified to be illegal and its licence has expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!

General Information & Regulation

Note: The screenshot date is February 13, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

Market Instruments

Royal Trading FX trades in forex currency pairs, metals, futures and shares.

Account Types

Royal Trading Fx claims to offer four types of trading accounts, namely Classic, STP, ECN and Standard, with minimum deposit requirements of $100, $500, $1,000 and $1,500 respectively.

Leverage

The maximum trading leverage offered by Royal Trading Fx for forex trading is up to 1:1000, which is generous. However, since leverage can amplify returns as well as potential losses, traders need to take care when using it.

Spreads

Royal Trading Fx advertises that its spread on the EUR/USD pair starts from 0.1 pips, but does not specify its detailed spread on particular instruments.

Trading Platform

Royal Trading Fx offers the MetaTrader4 trading platform and a web trader. The MT4 offers a variety of trading tools and instruments to facilitate your transactions. For example, a financial calendar, VPS, trading signals (for a subscription fee), code base with customs scripts, demo account, etc.

Deposit & Withdrawal

The minimum deposit is $100. Withdrawals are subjected to processing and handling fees which are deducted from the transferred amount. The withdrawal request is not charged fees once a month but any subsequent withdrawal is charged a processing fee of 30 USD, 25 EUR or 20 GBP. In addition to that, the processing time for withdrawal requests is 2-5 business days. Without access to its official site, however, we cannot say what kind of payment methods are available with the broker.

Inactivity Fees

There is no fee on deposits, however, if the account remains inactive for 6 months, then 10% will be deducted each month.

Customer Support

The only way you can approach Royal Trading Fx is via email: info@royaltradingfx.com. This broker doesnt disclose other more direct contact information like telephone numbers or the company address that most transparent brokers offer.

Pros & Cons

Pros Cons
• Multiple trading assets and account types • No regulation
• MT4 supported • Website inaccessible

Frequently Asked Questions (FAQs)

Q 1: Is Royal Trading Fx regulated?
A 1: No. It has been verified that Royal Trading Fx currently has no valid regulation.
Q 2: Does Royal Trading Fx offer the industry-standard MT4 & MT5?
A 2: Yes. Royal Trading Fx supports MT4.
Q 3: What is the minimum deposit for Royal Trading Fx
A 3: The minimum initial deposit to open an account is $100.
Q 4: Is Royal Trading Fxa good broker for beginners?
A 4: No. Royal Trading Fx is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website.

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

3

Comments

Write a review

Smarterage
more than one year
Royal Trading Fx is an illegal trading platform – avoid at all costs!
2024-01-31 20:43
Reply
0
0
久违的
more than one year
Too bad the company Royal Trading Fx's website is no longer available. Fortunately I was not one of the victims. Hope they can recover the defrauded funds as soon as possible!
2023-02-20 15:30
Reply
0
0
FX1140945768
more than one year
Forex brokers registered with Saint Vincent and the Grenadines are, according to my friends, almost unreliable. To be on the safe side, I'll take his advice.
2022-12-12 12:15
Reply
0
0
1
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;+44-7517747077
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com