4X Royal (4xroyal.com) is a cruel Forex broker scam ripping any unsuspecting investor who signs up and deposits with them. 4XRoyal is claiming to offer modern investment advice which in turn means having better choices. According to their homepage, 4X ROYAL is offering many investment opportunities with their platform. Complains have been sent by traders who lost money with this ruthless broker. Read this detailed and honest 4X Royal review.
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4X Royal is bombarding investors with numerous investment options which is sinister to say the least. From value investing to trading sticks and ETFs, this broker seems to have it all. How do they manage to provide all these services with their platform? Truth be told, 4XRoyal does not have any solid following on the web. What this broker has done is try to offer many investment opportunities to widen their trap. They simply want to scam whoever signs up with their options.
This broker claims to have a wide array of financial consultants to help with wealth management. Not only does 4XROYAL purport to have full time professionals, they also offer specialized guidance. When they say this, they are simply targeting high network investors. Most of the victims we talked to had deposited over $10,000 with this broker. Stay away from this broker and don’t deposit any funds with them. Depositing money is as good as burning it.
A brokerage firm that does not inform users of ownership status is not to be trusted. Looking carefully at this site, broker in question does not name any member of their team. There’s no mention of the people who run this website, let alone, owners of 4XROYAL. And this makes this brokerage firm an anonymous entity. Due to its anonymous status, we feel that depositing money with FX Royal is hazardous. How can investors deposit money to an unknown entity?
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Why has the broker failed to issue names of their advisory team? A search on the web would have revealed whether names mentioned were true. And this is a good reason not to mention names, they know experts would investigate. Having to verify names of people who will be handling your funds is imperative to any investors. At all times, strive to know who you’re in bed with when it comes to any online investment opportunity.
Is 4X Royal licensed or registered to conduct any Forex transactions? A look at the FCA suggests otherwise as this broker is not regulated. A search done by our investigation team reveals that 4X Royal is not recognized by the FCA. How can they claim to operate in the UK when the regulatory body does not have a clue about them? Search results turned up empty which means we are dealing with a hoax. Stay away from any unlicensed broker.
In case this broker claims to be licensed, ask them where their licensing and registration documents are? A real broker will post copies of their licensing and regulatory certificates for all to see. This helps to show transparency in their operations and gives credibility to the broker. Traders also use these certificates to verify with regulatory bodies in regards to licensing of the broker. Lack of these vital documents is proof we are dealing with a rogue Forex broker.
4X Royal is offering ECN accounts to traders interested in signing up. There are four different account types to choose from. Accounts include Micro, Standard, Premium, and VIP accounts. Commodities used in these accounts include Forex, shares, indices and CFDs. These accounts have the same size trade size increment as well as same marginal call/stop out level. These accounts don’t come with any commission. There’s more than meets the eye with these accounts.
Disclaimer at the bottom of the page says customers can independently change the LEVA factor. Users have tried to change the LEVA factor to no avail. 4X Royal is enticing users to sign up with their accounts and giving false information. Accounts are the same and have no visible difference. This broker fails to give users the required minimum trading volume to start trading with these accounts. And this is another trap as each investor is asked for a different amount.
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There are six different channels investors can choose to deposit funds with this shameful broker. These depository channels include MasterCard, Visa, Skrill, Neteller, Perfect Money and Web Money. Deposit takes less than five minutes and funds can be seen on the trader’s account. This is not a reason for anyone to deposit funds with 4X Royal. Biggest problem with this broker is when it comes to withdrawing funds. Most users are facing this painful problem
When it comes to withdrawal, most users are not allowed to make withdrawals. Turns out this broker is refusing any withdrawal from these accounts. Asked why this is the case, 4X Royal is giving lame excuses. An excuse mostly used by this broker is traders haven’t reached required trading volume to warrant withdrawal. This is where we draw the line with this broker as they are clearly breaking set industry regulations and rules. Stay away from this brutal broker.
To add salt to injury, 4X Royal is failing to disclose vital information regarding depositing and withdrawing funds. As it turns out, users may be depositing money straight to owner’s personal account. There’s no way of proving otherwise since 4XRoyal has no legal document’s page.
4XROYAL is pooling funds in one account which is extremely dangerous. Bankruptcy or insolvency can occur and this broker will lose all funds deposited in an instant. Ensure you stay away from such a broker who does not segregate accounts. Users should not expect any compensation from this broker. They don’t participate in a compensatory scheme.
4X Royal is using MT4 web and broker claims it’s compatible with all devices. Sadly, we tried using this platform with our IOS devices and it would stop operating at times. This means platform in play is highly unstable. An unstable platform is bad news for any investors as it leaves users vulnerable to cyber-attacks. Hackers will easily steal personal data such as credit card information from unstable platforms. Watch out for any broker who offers unstable platforms.
Evidence we have gathered clearly shows we are dealing with another Forex scam broker. Make sure to warn your family and friends from signing up with this broker. Mark all their emails as Spam and never click on any links sent by their email marketing team. Hackers are using these links to steal data from your PC. In case you receive a call from their agents, don’t issue your personal information. This is one way of staying safe from these scam artists.
Adding this broker to our blacklist will hopefully prompt relevant authorities to investigate. Stay clear from 4XRoyal and use legitimate platforms at all times.
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Lastly, we wish you all the best in your Forex trading experience.
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