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Royal Trade FX Review: Royaltradefx.com a Horrible Scam

Royal Trade FX Review: Royaltradefx.com a Horrible Scam

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Royal Trade FX presents itself as the best trading investment in the world. The company brags that it is utilizing the latest technology in the market. Additionally, they minimize the risk that the client is exposed to.

However, this entity is not legit and the possibility of them stealing from investors is very high. The platform claims that they have the best trading tools, and using their strategy; you will attain profit in the industry.

Moreover, they are providing educational materials for their customers. Investors also receive an analysis of the market every day. They give trading guides that are meant to boost your skill. The company is trading digital currency like Bitcoin, Ripple, Litecoin, Ethereum, Dash, Bitcoin Cash, among other altcoins.

Royal Trade FX state that they have a unique strategy that helped them to generate profit for their customers in the shortest duration. To become a member, you only need to follow a few steps. First, you have to register, discuss your plan of what you want to attain. Then you will start generating income and attain your financial goals.

The company claim that it is an international Investment entity that is accepting investors from the majority of the countries. They are offering both institutional and retail clients and the opportunity to make money online. Additionally, the platform state that they trade over 200 assets in the industry.

Royal Trade FX Review, Royaltradefx.com Platform

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Moreover, The entity state that they are professional and you can trust them to generate a good amount of profit for you. Royal Trade FX sees itself as a transparent company with the highest standards in the market. However, we start to list the shortcoming of this shady venture we will go all day.

Royaltradefx.com Review

The company is allegedly a member of a known financial institution that was established in 1989. The firm also states they have been providing reliable services to their clients since 2016. Unfortunately, the information is false because the Royal Trade FX was established in November 2019.

The platform lacks a trading history or a reputation. Secondly, The entity is lying about the time that they have been in the industry. We always advise investors to stay away from such entities because you do not know what else they are hiding.

Furthermore, this company also boasts of receiving awards for being the best in online trading. They also state that they have investors from Europe, Asia, Latin America, Africa Middle East in Asia. Their spread goes as low as zero pips.

Invest with legit forex trading software that will help you to trade conveniently. Your money will be in safe hands. Additionally, their transparency is in check.  For Royal Trade FX, we do not have any knowledge of the qualification that their team has.

Royal Trade FX also brag that they have a solid foundation which they cannot prove. The entity promised investors that they would execute a trade with no slippage or experiencing any delays. They are Trading with Forex, CFDs, metals, commodities, and shares.  They are trading the majority of the currency pair in the industries.

Available Trading Platform

Royal Trade FX is compatible with the mt4 trading interface. It is one of the most reliable platforms in the market that is compatible with various devices. Investors can trade at lightning speed and using a convenient method.

The Trading Account and Conditions

The company has four trading account available for their customers. They have the bronze, silver, gold, and king account. The platform is offering unattractive spread. Additionally, they do not have performance reports

Royal Trade FX guarantee investors that they will receive high leverage once they sign up with them. The leverage level is 1:500. Such an opportunity is ideal for investors with high-risk. This is because high-level leverage will always attract more risk, leading to a complete loss of funds.

Withdrawal and Deposit

The minimum amount that Royal Trade FX accepts is $100. You also have to pay an addition of 10% for your account inactivity. There are various methods that you can use to deposit funds in your account.

The company does not require investors to pay any charges during withdrawal. However, if you withdraw twice in a month, they will charge you a fee of $30. They do not have a term and condition; hence they might add on things they omit.

Regulation

The corporate that oversees the operation of this platform is known as KBS Capital Markets Limited. It is allegedly registered in Marshall Island. Royal Trade FX s an offshore Investment company that is not regulated.

We are not accepting clients from the USA, British, Quebec, Columbia, and Saskatchewan. We all know the reason behind this is because they have not met the requirement that the government of this country has put in place regarding the investment platform.

One of the major disadvantages with Royal Trade FX Is the lack of a license and engaging with an unregulated platform exposed to numerous risks. They can steal all your money without minding about authority. The reason behind this is because they cannot be traced.

Scam venture makes sure that they do not leave any traces behind. Therefore they walk scot-free after committing the fraudulent activities. Avoiding them is the only solution that you have. Moreover, Royal Trade FX does not disclose their trading condition.

The platform has insufficient information when it comes to the activities that investors are exposed to. We do not know the minimum amount of brokers that work with the platform. Additionally, we do not know the spread of each account that investors will receive.

Contact Details

The company is available on various social media platforms. They are on Facebook, Twitter, and YouTube. However, this firm does not disclose its actual location. The platform only claims to be from Estonia, but no specific address is displayed.

Additionally, they do not feature a phone number or email address. Therefore its client cannot contact them whenever they have any issues. The only thing that you will get from them is a bad experience. Investors should stick to reputable investment firms.

Clients Feedback

It is always good to check with other investors to see what they have to say regarding an investment company. In respect to Royal Trade FX, the entity does not have feedback from its clients. The company has been in the market for a period of over one year

Therefore that is enough time to have acquired reviews. The company has meager traffic off 3,255,323. It shows that they are not receiving many visits. You should avoid such entities so that you don’t lose money.

Final Verdict

Royal Trade FX is a company that is not worth investors’ trust. They do not give us any reason to endorse them to the public. The entity is operating as they please without minding their clients.

They have been in the market for over a year, yet they do not present the financial reports. They also lie about the time that they began their operation. A smart investor would avoid such a platform.

Invest with legit forex trading companies in the market that care about their customers. Your money will be in safe hands, and in case of anything, the authority will come to your rescue.

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