In this section we will analyze the broker GfxRoyal (also called gfxroyal.com), is a Forex, CFDs and Cryptocurrency broker. Is GfxRoyal really recommended to make an investment? Or is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.
You might be wondering why we review GfxRoyal. It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, by providing key information about the company, we disclose information that every investor should know before leaning or not, for Invest with an investment company.
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: Capital Letter GmbH and Capital Letter LTD.
As to its location, The broker mentions being based in: Germany and the Marshall Islands, although if it is actually based in Germany it should be regulated by the German regulator, which does not happen and makes us think that it is not actually based in Germany.
If we analyze the regulation of the broker: it does not mention anything about being a regulated broker, so we believe that it is an unregulated broker.
If now we go on to analyze account types offered by GfxRoyal, we noticed that they offer 5 different types of account / plans: Explorer Account, Basic Account, Silver Account, Gold Account and Platinum Account. We leave an image with a little information about each type of account.
Explorer Account- $ 500 minimum initial deposit, 24/7 support, 30% welcome bonus.
Basic account- $ 2.500 minimum initial deposit, 24/7 support, 50% welcome bonus, personal analyst, introductory session with analyst, weekly market reviews.
Silver Account- $ 10.000 minimum initial deposit, 24/7 support, 75% welcome bonus, personal analyst, monthly introductory session with analyst, weekly market reviews.
Gold Account- $ 25.000 Minimum Initial Deposit, 24/7 Support, 100% Welcome Bonus, Personal Analyst, Weekly Introductory Session with Analyst, Weekly Market Reviews, Smart Money Management, Weekly Market Reviews.
Platinum Account- $ 100.000 minimum initial deposit, 24/7 support, 150% welcome bonus, long-term financial plan with analyst, weekly sessions with analyst, weekly market review, up to 5 protected trades from an account analyst , direct line.
In the following image you can have more information about the types of account. Click here to see the image in full size.
Las platforms to operate that GfxRoyal offers are: we believe that GfxRoyal's own platform.
We will now analyze the different resources and aids for traders that GfxRoyal provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
GfxRoyal provides the following aids or resources to traders or interested parties: some live charts, explanation of basic concepts of the world of investments, not much else really.
| Other information about gfxroyal |
Some more information in case you want to contact the company, or see its website for yourself.
Phone number: unmentioned
Email: [email protected]
>>> Assessment on gfxroyal <<
Ending with this section, in our opinion Do we believe that the GfxRoyal company is trustworthy? Should you invest your money with the company?
The truth is that, we believe that it is better to be careful because: it is an unregulated broker, it is based in unsafe countries, when looking for reviews about GfxRoyal we find mostly negative reviews, the CNMV, the Spanish financial regulator, has marked GfxRoyal as a financial bar . We suggest using caution.
⛔ Attention ⛔ : in September 2020 CONSOB added gfxroyal to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
➡️ Link to CONSOB's September 2020 warning ⚠️
⛔ Attention ⛔ : in January 2021 FSMA (Belgium) added gfxroyal to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
➡️ Link to FSMA January 2021 warning ⚠️
We always recommend working only with properly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.