Royal C Bank (Royalcbank.com) is another Crypto Currency, CFDs and Forex broker committing some serious online fraud. RoyalCBank is professing to offer a simple way to trade. They claim to enable users to stay ahead of the game once they sign up with this platform. Whoever signs up with this broker will end up ruing why they signed up. Read this detailed and honest ROYAL C BANK review for more.
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After receiving email complaints from members who lost funds, we decided to investigate. Some members have lost over $5,000 within an hour. What’s happening with Royal C Bank? In order to find out more, you need to read this detailed review. Why are investors signing up with a shoddy broker? Most investors don’t do due diligence when it comes to signing up with online entities. Why would anyone sign up with a broker who openly hides licensing details? Royal C Bank is not to be trusted for reasons which we are about to unveil.
In order to entice users, scam artists ensure they clone trading websites and entice investors to sign up. Dealing with Royal C Bank is opening up to fraudulent activities. Professional scam artists will use empty claims and promises to entice users to sign up. Dealing with such brokers will lead to no positive outcome. In order to know how scam artists work, you need to read this review. RoyalCBank is going to rip off anyone who signs up and no funds will be recovered.
What we found odd with this broker is how they hide their real details. According to disclaimer at the footer of their homepage Maraya Capital LTD owns this platform. What we did was conduct a thorough research to find out where this company is registered. To our surprise, no company registrar has any details regarding this company. Royal C Bank is using an anonymous company profile. What are they up to? These are simply scam artists who don’t want to be recognized.
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Who are the founding members of this website? Can we get the actual names of people working behind this website? Lack of these vital details is proof we are dealing with a rogue broker. Stay away from this broker as they have fraudulent intent. Lack of proper names means we are dealing with a professional scam outfit. Are they really located in Sofia, Bulgaria? We highly doubt this as they are using this location to try and make it look to be European based. Stay away!
Looking at their entire website, there’s no details showing license or registration. If this broker was truly registered, CySEC, FCA, or FSC would have their details. And this is why we believe this is an unlicensed broker. Whoever signs up is using an unauthorized broker meaning they can’t be trusted. For all we know, this could be a money laundering website.
Another shocking issue we found with their platform is in regards to posting licensing details. A real broker will post copies of their licensing details for all to see. Why have they failed to show users any important documents? Where’s their client agreement page? Reason they don’t show these vital documents is because they have none. Users are signing up with an unknown third party. Recovering any funds lost will be next to impossible thanks to their anonymous nature.
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Investors can deposit funds to Royal C Bank using four funding methods. Members can use Maestro, Visa, Wire Transfer, and Tether. Before depositing funds with this broker, ask yourself one question. Is this broker actually worth my money? Is transferring funds safe with this broker? Owners of Royal C Bank laugh all the way to the bank once funds have been deposited. Why?
Withdrawing funds with this broker is next to impossible. None of the members who contacted us was able to withdraw their funds. As it turns out, this broker is clearly refusing to grant withdrawal access. And this is another trait of online professional scam artists. Stay away from brokers who refuse to allow withdrawals.
In order to test their trading platform, we decided to download. Problem with this platform is users are directed to AnyDesk. AnyDesk is a remote desktop sharing app which enables users to share desktops. What is disgusting is most online scams use this innovative idea and turn it into a money stealing app. Don’t sign up with their trading platform as it’s a means to get access to your computer.
Royal C Bank is furnishing users with three different account types. Users can choose to use Basic, Beginner, and Medium account type. These account types come with different welcome bonuses. A 30%, 40%, and 60% welcome bonus is issued under each type of account. Why give a bonus when you will later ask for it?
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How can funds be safe from a broker who refuses to reveal their identity? Funds can’t be safe from a broker who lacks proper security protection features. Where do they bank money deposited by users? These are details members need to know before signing up with any brokerage firm. Is it possible users are depositing funds straight to owner’s bank account? Highly likely! Make sure you ignore all their attempts to sign you up. Royal C Bank is another online scam!
Another perturbing issue we found with this broker is in regards to segregation of accounts. Merging funds in a single account is highly risky. Stay away from brokers who pool funds in one account. Royal C Bank is combining all assets in a single account. Insolvency can knock and users should not expect any compensation from this broker. RoyalCBank does not insure funds deposited by members. Now you know what to expect with this platform, nothing but shear hypocrisy.
Evidence clearly points at Royal C Bank being a ruthless scam. Mark all their emails as Spam and never click on any links sent by their email marketing team.
Adding this broker to our scam blacklist will help protect our readers.
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Wishing all investors a lucrative and safe trading experience.
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