In this section we will analyze the RoyalFunds broker, is a Forex, Cryptocurrency, Binary Options and CFD broker. Is RoyalFunds 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 RoyalFunds. 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. It should also be noted that the website does not have a Spanish version, although due to messages received from Spanish-speaking clients we have also decided to review RoyalFunds.
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 having a base in: it does not mention it, although in the terms and conditions it says to adhere to the laws of the Estonian government, perhaps it is based in Estonia?
If we analyze the regulation of the broker: since RoyalFunds does not mention anything about being a regulated company, we believe that it is an unregulated broker.
If now we go on to analyze account types that RoyalFunds offers, we note that they offer 4 different account types: Standart, Silver, Gold and VIP. We leave an image with a little information about each type of account.
Standart Account- $ 250 minimum initial deposit, fixed spreads, commissioned, webinars and seminars, leverage up to 1: 200, 24-hour customer support.
Silver Account- Minimum initial deposit of $ 10.000, fixed spreads, personal account manager, webinars and seminars, with welcome bonus, leverage up to 1: 200, 24-hour customer support, semi-managed account, SMS messages and news.
Gold Account- Minimum initial deposit of $ 25.000, fixed spreads, personal account manager, webinars and seminars, with welcome bonus, leverage up to 1: 400, 24 hour customer support, managed account, messages and news by SMS.
VIP account- Minimum initial deposit of $ 100.000, variable spreads, personal account manager, webinars and seminars, with welcome bonus, leverage of up to 1: 1000, 24 hour customer support, managed account, messages and news by SMS.
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 RoyalFunds offers are: MT4.
We will now analyze the different resources and aids for traders that RoyalFunds provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
RoyalFunds provides the following help or resources to traders or interested parties: very basic explanation and without going into detail about the services that RoyalFunds offers, economic calendar, trading signals, some educational sections, explanation above of the products that RoyalFunds offers, really not much more than this.
Other information about RoyalFunds
Some more information in case you want to contact the company, or see its website for yourself.
Phone number: 00440000000000
Email address: [email protected]
>>> Valuation on RoyalFunds <<
Ending with this section, in our opinion Do we believe that the RoyalFunds company is reliable? Should you invest your money with the company?
The truth is that, we believe that it is better to be cautious because: it is an unregulated broker, it does not mention where it is based, it does not mention which company it belongs to, it offers binary options, it provides very little information about the services that the company offers, at looking for valuations on RoyalFunds we really did not find any other, which makes us think that it is a "new" company. 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 December 2019: CONSOB (Italian financial regulator) has warned about RoyalFunds
Update February 2020: CNMV (Spanish financial regulator) has warned about RoyalFunds
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.