4FX Royal (4fxroyal.com) is another crude CFDs and Forex scam platform to hit the lucrative trading world. 4FXRoyal is claiming to offer modern investment advice to anyone who signs up with them. Other claims include having many ways to invest in and having one place to do so. Investors are also promised a chance to work with a professional adviser. Read this genuine and honest 4FX ROYAL Review for more.
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After receiving a handful of email complaints from members, we knew trouble was brewing. And this is why we decided to investigate and expose these scam artists for who they are. Revealing the rogue platforms in the industry is our duty as we help protect the Forex trading name. Make sure to read all our in depth reviews which are unbiased and tell the actual truth. 4FX Royal is simply stealing from members and anyone who says otherwise is a part of this scam.
Professional scam artists are known to close websites in order to fool investors into signing up. Creating cloned websites has been the norm by scam artists targeting unsuspecting investors. Dealing with illicit brokers leads to more misery as most members of this platform are experiencing. Scam artists will use empty claims and promises to lure investors into depositing with them. And this is what 4FX Royal is doing with this rogue platform. Dealing with such insane platforms is prohibited.
4FX Royal is apparently based in three locations, London, Singapore, and Sweden. A problem with this claim is having no facts to back up it up. Scam artist will do or say anything to make sure users trust them. Anonymity is a scammer’s best friend as it allows them to operate without being tracked down. 4FXRoyal is using three different locations to target both Asian and European investors. And it seems to be working as victims are from these two locations.
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Who are the founding members of this website? Why have they failed to post details regarding the founding members of this website? Leaving such details is on purpose as they fear being caught by authorities. Once investors deposit funds with this platform, there is no way to track who handles funds. And this is what these scam artists are after as they don’t want to face any backlash from authorities. Any anonymous online investment platform should be ignored and their calls rubbished.
If this platform is based in London, you would expect them to be FCA Licensed and regulated. Upon reaching out to the FCA, they were adamant they have never licensed this broker. Another shocking revelation is the Swedish regulatory authority has already blacklisted this platform. On their blacklist page, they claim 4FXRoyal does not comply with set regulations and rules. And this puts your funds at risk as deposits are not insured.
Another issue we have with this platform is lack of proper information regarding their license documents. You would expect a real broker to have proper documents to prove their licensing status. Most professionals will post copies of their license to show transparency. Lack of these documents is proof we are dealing with an unlawful platform. Apart from claiming to comply with set regulatory bodies, there is no proof of this.
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With a platform whose ownership is a mystery and base of operation is unknown, there’s no advantage. A huge problem with dealing with anonymous platforms is lack of regulation. These platforms don’t follow set rules and regulations which is a huge problem. Transfer of funds is questionable especially on the platform’s end. None of the members has had a smooth withdrawal experience with 4 FX Royal.
4FX Royal is furnishing users with a single account type, ECN Account. After landing on their account page, various anomalies can be seen. Another problem with this account is lack of a demo account. Investors are signing up and using an unproven platform. Account used here is not having the required trading details for us to trust them. What is the required minimum trading deposit for users to start trading?
Another huge problem we noticed with this platform is lack of proper deposit and withdrawal conditions. These scam artists don’t follow their own guidelines when it comes to depositing and withdrawal. Looking at their account page, you can see they claim withdrawals are processed within two hours. And these are fake claims as none of the members we contacted have made any withdrawals.
Another huge problem with 4FX Royal is using fake claims to lure investors to sign up. Scrolling down their homepage, it is easy to see these claims such as trading tools and technical analysis. Some of the members have been complaining of receiving inaccurate signals leading to losses. Stay away from 4FX Royal or become their next victim.
4FX Royal is using MT4 web terminal as their preferred mode of trading. Although this is a good choice, we have issues with their website. Their trading tool website is not the same as their original home address. Another problem with their platform is having no security features putting investors at risk. Hackers will easily take over this platform and steal credit card information.
After a thorough check, we are sure funds are not safe with a blacklisted entity. Is it true what members are claiming? It seems members are depositing funds straight to owner’s bank account. And this is where we draw the line as this is turning out to be a rip off. Anyone who deposits funds should never expect to withdraw them. Lack of license is another major issue with this platform.
4FX Royal is without a doubt another online scam platform ripping off investors. Dealing with illicit platforms is one way of losing your entire deposits. Mark all their emails as spam to avoid being a target of their marketing campaigns.
By adding this broker to our scam list, we are making sure no one will fall for their tricks. Avoid any interaction with their call agents.
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Wishing you a happy and prosperous trading experience.
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