✔️ Information reviewed and updated in September 2024 by Pedro Martínez González
In this section we will tell you if we consider that the company Royal FX Bank is a safe company or an unreliable company. Read our full analysis to find out everything!
We analyze the website, observe every detail and examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation...
Below we will show you essential information about Royal FX Bank and we will tell you why we came to such a conclusion:
Basic Information
| 🌐 Website | royalfxbank.com |
| 🏠 Company | BANKS ASSOCIATES |
| ️ Regulatory | Not regulated |
| [email protected] | |
| 📈 Continental | Royal FX Bank |
| 📌 Address | 100 Bishopsgate, London, EC2N 4AA ,UNITED KINGDOM (fake) |
| 🕑 Website age | Website registered on: July 14, 2022 |
| ❓ Company type | Forex, indices, stocks, raw materials and cryptocurrencies broker |
Company: Royal FX Bank appears to be owned by BANKS ASSOCIATES, although we have found no official registration data to support this claim.
Location: The company mentions being located in the United Kingdom, but we believe this is false information.
We can already tell you that we are concerned about several characteristics of this company.
What is Royal FX Bank?
After having carried out an analysis of the company's website, we can say that Royal FX Bank is a Forex, indices, stocks, commodities and cryptocurrencies broker.
Account types
The platform offers 4 different accounts to operate:
| account type | minimum initial deposit |
|---|---|
| Bronze | € 250 |
| Silver | € 25,000 |
| Gold | € 100,000 |
| Diamond | € 250,000 |
Information on the web
Here we show you a screenshot of the Royal FX Bank website, which is royalfxbank.com. The capture was made in JANUARY 2024.
Contact: phone numbers and email
After having performed an analysis of the website:
– We have found the following email: [email protected]
Royal FX Bank Regulation
We have analyzed in depth the current ⚖️ regulatory situation ⚖️ in which this company finds itself and we have reached the following conclusion:
The broker presents us with a very worrying situation; he mentions absolutely nothing about regulating it. What does this make us think? We are talking about an unregulated broker. What does it mean? This means that the broker's clients and all their money are without any type of protection. That is to say, if the broker has bad intentions, most likely you will not be able to do anything to recover your money. Please be very careful with these types of companies. Think carefully before sending money, you are sending it to a company without any type of regulation or protection!
🚫 Final valuation of Royal FX Bank 🚫
The evaluation of Royal FX Bank shows that there is something worrying: they are doing deceptive and fraudulent things. They are not registered properly, use fake licenses and have a fake address in the UK, which is a sign that they are not transparent or trustworthy.
The fact that they are not regulated is very serious, because it means that there is no adequate protection for people who invest with them. Furthermore, the lack of general information, such as not showing official registration data, makes the Royal FX Bank situation confusing.
Financial regulator CySEC has filed a complaint, which makes matters worse and suggests that this broker is not only unregulated, but has also been flagged for operating without a license.
The recommendation is simple: avoid Royal FX Bank completely. Fake licenses, lack of regulation, and complaint from the financial regulator are clear signs that this broker could be a scam. It is crucial to protect your money and financial well-being, and trusting a broker with these signals could result in significant losses. There are safer and more reliable options on the market to protect your investments.
Updates
Royal FX Bank News:
| Date | Update – news |
|---|---|
| December 2023 | Complaint against Royal FX Bank financial regulator CySEC |
| February 2024 | Complaint against Royal FX Bank financial regulator CNMV |
We note that the company already has complaints from financial regulators. Please be very careful!
User Reviews
What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with Royal FX Bank.
At the end of the review you will find customer comments.
How to Claim Money Scammed by Royal FX Bank
If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.
How to Report Royal FX Bank
If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.
FAQs
Are there (recommended) alternatives to Royal FX Bank?
Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.
How can I report Royal FX Bank?
This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.
Is Royal FX Bank trustworthy?
No. Royal FX Bank is not trustworthy, it is a very unsafe company: 1) we do not know its true location 2) It is not regulated by any responsible authority 3) The website is relatively new, which shows a lack of experience 4) has warnings from financial regulators
How to recover money from Royal FX Bank?
If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.
They want me to invest with them, but I don't want them to steal my money or rip me off. Can you help me? Blessings.
Hi Dana, thanks for writing about Royal FX Bank. Currently this broker is considered a SCAM.
If you are a client, do not invest more money, their only objective is to steal from you, they manipulate operations manually and keep the money from the moment it reaches their accounts, it never enters the market, everything is prepared so that they make you lose your money to have the excuse of keeping it.
If you decide to withdraw and they ask you for a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it!, that is the alert, from that moment you have to know that you are a client of a scam broker and even if you pay they will never return it to you.
To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.
If you want to recover your money go to our chat or fill out the form in this link: CLAIM YOUR MONEY
Greetings.