In this section we will analyze the broker ROYALFXTRADE (also called royalfxtrade.com), is a Forex, Binary Options, Cryptocurrency and CFD broker. Is ROYALFXTRADE 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 ROYALFXTRADE. 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, 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: Royalfxtrade LTD.
As to its location, The broker mentions being based in: England, although if true it should be regulated by the British regulator, and this does not happen, which makes us think that Royalfxtrade is not really based in England.
If we analyze the regulation of the broker: they mention an alleged regulation of the United States regulator, which we could not verify, we believe that it is an unregulated broker.
If now we go on to analyze account types offered by ROYALFXTRADE, we note that they offer 4 different types of account / plans: the Mini Account, the Silver Account, the Gold Account and the Platinum Account. We leave an image with a little information about each type of account.
Mini Account- Minimum initial deposit of $ 150, 15% return on investment.
Silver Account- Minimum initial deposit of $ 5.000, 15% return on investment.
Gold Account- Minimum initial deposit of $ 10.000, 15% return on investment.
Platinum Account- Minimum initial deposit of $ 50.000, 15% return on investment.
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 ROYALFXTRADE offers are: we believe that Royalfxtrade's own platform.
We will now analyze the different resources and aids for traders that ROYALFXTRADE provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
ROYALFXTRADE provides the following help or resources to traders or interested parties: explanation of some basics of the world of trading, FAQ section, really not much more than this.
| Other information about ROYALFXTRADE |
Some more information in case you want to contact the company, or see its website for yourself.
Phone number: unmentioned
Email address: [email protected]
>>> Assessment on ROYALFXTRADE <<
Ending with this section, in our opinion Do we believe that ROYALFXTRADE 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 not clear where it is based, when looking for other reviews about ROYALFXTRADE we mostly find negative reviews. We suggest using caution.
Medical Attention: in April 2020 the CNMV issued a warning against Royalfxtrade
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.