In this section we will analyze the broker RoyalBanc (also called royalbanc.io/es/), is a Forex, CFDs and Cryptocurrency broker. Is RoyalBanc 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 may be wondering why we review RoyalBanc. 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: does not mention it.
As to its location, the broker mentions being based in: they mention being based in Luxembourg, although if it is actually based there the broker should be regulated by the CSSF (Luxembourg regulator), and this does not happen, which makes us doubt the real base of RoyalBanc.
If we analyze the regulation of the broker: they do not mention anything about being a regulated company, which makes us think that it is an unregulated broker.
If now we go on to analyze account types offered by RoyalBanc, we note that they offer 4 different types of account / plans: the Standart Account, the Silver Account, the Gold Account and the VIP Account. We leave an image with a little information about each type of account.
Standart Account: minimum initial deposit of $ 1.000, support 24 hours 5 days a week, bonus of up to 25% of the deposit, initial follow-up algorithm, 5 trading signals per week, basic training.
Silver Account: minimum initial deposit of $ 5.000, support 24 hours 5 days a week, bonus of up to 35% of the deposit, leverage of up to 1:30, 10 trading signals per week, advanced training.
Gold Account- Minimum initial deposit of $ 10.000, all available trading instruments, 24/5 support, up to 50% deposit bonus, up to 1:50 leverage, 15 trading signals per week.
VIP account- Minimum initial deposit of $ 50.000, all available trading instruments, 24/5 support, up to 100% deposit bonus, up to 1:100 leverage, 20 trading signals per week.
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 RoyalBanc offers are: we believe the MT4 platform.
We will now analyze the different resources and aids for traders that RoyalBanc provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
RoyalBanc provides the following help or resources to traders or interested parties: explanation of some basic concepts of the world of trading, not much more than this.
Other information about RoyalBanc
Some more information in case you want to contact the company, or see its website for yourself.
Phone number+44 208 089 8260
Email: [email protected]
>>> Rating on RoyalBanc <<
Ending with this section, in our opinion Do we believe that the RoyalBanc 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 does not mention which company it belongs to, when looking for other reviews about RoyalBanc we could not find more than negative reviews in Russian. We suggest using caution.
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?
Update February 2020: CONSOB (Italian financial regulator) has warned about RoyalBanc
Medical Attention: in May 2020 CNMV has issued a warning against RoyalBanc
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.