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Royal FX Pro Review: Royalfxpro.eu Forex Scam

Royal FX Pro Review: Royalfxpro.eu Forex Scam

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Royal FX Pro (Royalfxpro.eu) is another Crude CFDs, Crypto Currency, and Forex scam to hit the lucrative trading world. RoyalFX Pro is claiming to be based in Europe which means they are targeting European investors. RoyalFXPro is purporting to offer the most popular markets in the world. They also claim to have the latest technology in Forex trading. Read this genuine ROYAL FX PRO Review and get the whole truth.

Royal FX Pro Review

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Royal FX Pro Review

A closer look at their website reveals some damaging features. The platform uses Italian language for default and they claim to be located in Sofia, Bulgaria. Contact page simply has a phone number and an email address. What we found out about their phone number is shocking to say the least. These scam artists are using a virtual phone number to entice investors into believing they are EU based. What these scam artists are doing is outright scam investors immediately they make deposit.

Scam artists will clone websites and entice unsuspecting investors into signing up. A huge problem with Royal FX Pro is using fake logos on their website. Disclaimer at the footer of their homepage has fake security logos to feign safety. Royal FX Pro is simply trying to lure investors to sign up by making them believe it is secure. Online comments suggest more and more members are being scammed by this platform. Stay ahead of the pack by knowing all tricks used by this scam artist.

About Royal FX Pro

Not much is known about the whereabouts of this platform. Scam artists will do or say anything to ensure users sign up with their platform. And this is exactly what RoyalFXPRO is doing with their European base claim. For all we know, these could be offshore brokers who are targeting European investors. Phone number has a UK area code which makes us question their whereabouts. Are they located in Sofia or in the UK? It seems they are anonymous brokers operating a trading platform.

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Anonymity is a dangerous trait to associate with especially with online investment platforms. Who are the people running the show? Why has the website failed to give actual names of the founding members? It seems these scam artists want to remain anonymous which makes it a huge problem.

Is Royal FX Pro licensed or registered?

Royal FX Pro is not licensed or registered by any of the international regulatory bodies. To confirm their status, we reached out to various regulatory bodies. They include ASIC, CONSOB, CySEC, FCA, NFA, and SEC. Another problem with this platform is being blacklisted CONSOB, the Italian Regulatory commission. With this concrete proof, we are sure this platform is offering illicit services. According to the Italian regulatory commission, this platform is based in St. Vincent and the Grenadines.

CONSOB also goes ahead and names TomCom Limited as the company behind this platform. TomCom is an offshore company with no known registration number. None of the company registers has ever registered this company. With this concrete proof, we are sure no one is safe with this illicit platform. Together with CONSOB, we are condemning the use of this scandalous online trading platform. Whoever signs up should know their funds are not safe with an unlicensed platform.

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Features of Royal FX Pro/ Advantages

With Royal FX Pro being blacklisted by one of European’s top regulatory bodies, no advantage is foreseen. A good place to start is blacklisting this platform to our scam list. Clients are already facing withdrawal issue which is a huge problem. No member is able to withdraw funds with this platform which is a huge problem. We strictly recommend users to stay away from this illicit platform.

Disadvantages of Royal FX Pro

Account offered

Royal FX Pro Account Types

Royal FX Pro is furnishing users with six different account types to choose from. Accounts are named Basic, Bronze, Silver, Gold, Platinum, and Black. What we noticed immediately was the bonus issued with some of these accounts. Last four account types have bonuses from 10% to 30%. Once you get a bonus, you are unable to withdraw until you deposit the exact amount of bonus issued.

Deposit and withdrawal

Another huge problem with this platform is withdrawal. Depositing funds is made easy by available options. Clients can deposit funds using ecoPayz, MasterCard, Wire Transfer, and Visa. Withdrawal still remains to be the biggest problem with this platform. Members are complaining right left and center in regards to withdrawal issues. None of the users has come forward to prove withdrawal. What these scam artists are doing is rip off anyone who deposits funds with them.

Unresponsive support team

Royal FX Pro is failing their clients with lack of a credible and responsive support team. If you ask them about deposit, email will be responded within no time. And this is what makes trading with Royal FX Pro a nightmare. These scam artists don’t put your interest at heart; they simply want to fill their pockets with your funds.

Web based platform

With a web based platform, security should be their top most concern. We earlier indicated that this platform is posting security logos to feign safety. None of their security status is correct as their web based platform is unstable for lack of SSL encryption. These scam artists have simply posted SSL Encryption badges to fool unsuspecting investors. Thanks to our years of trading experience, we know how to spot a scam from a mile away. You now know what to expect with these scam artists.

Are funds safe with Royal FX Pro?

How can funds be safe with a broker who has been blacklisted by a reputable regulatory body? Royal FX Pro is pooling funds in one single account which is extremely dangerous. Segregation of accounts is next to impossible with this platform as they use a personal bank account. Who is in charge of handling funds with this platform? Does this platform participate in a compensatory scheme? We highly doubt their efficiency to meet set industry standards.

Is Royal FX legit or a scam?

Evidence clearly points at this platform being an outright scam. No member has come forward with evidence of ever withdrawing funds. To make it all worse, they have been blacklisted by CONSOB. Once you deposit funds with this platform, it is the last you will see of it. Warn your family and friends from joining any of their affiliate programs. Mark their emails as Spam and don’t click on any links sent by their email marketing team.

Verdict

Royal FX Pro Trading Platform

We will be adding this site to our scam blacklist to ensure our readers are kept safe.

You can choose leading and trusted Forex robots for your next trading experience. Go for Forex robots with a known reputation and with full of transparency. What are you waiting for? Sign up with innovative and robust Forex trading robots for a successful trading period.

Wishing you a safe trading experience

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