Royal Trade (Royaltrade.fm) is an abhorrent Forex broker scam that must be shunned by all Forex investors. Claims of investors losing money with this broker are rife all over the web. This is why we took it to ourselves to conduct a thorough and full investigation. An investigation was underway to determine the root cause of members losing money. Read this detailed review and get firsthand findings of the investigation.
Like all other scams, we noticed that these scammers have pulled off a very welcoming website. This homepage looks very promising and its no wonder many people have signed up. As we always say, it’s good to always read reviews before signing up with any broker. Don’t fall for the eye-catching website, there’s more than meets the eye. Here, we will reveal all the dirty tricks used by the scammers to steal money from users.
Promises are what scammers use to get most people to sign up. Royal Trade is no different as it has employed the same tactics. Invest with confidence and gain like a royal is the tagline used by this broker. Scammers know that everyone wants to make a quick buck or two. And Royal Trade claims to have the answer to this need. All you need is to sign up with them and leave the rest to them. That’s how they sell it.
Continually use Forex Brokers that are Genuine and Honest for all your trading needs. Authentic and Reliable Forex trading brokers ensure your safety while trading. Sign up with Forex Brokers that are Reputable and Professionals when it comes to results. This is a Tested and Proven way of making realistic Money with Forex trading.
According to the disclaimer at the bottom of the page, Royal Trade website is powered by PayPeq Holdings. This is apparently located in Estonia which is a hub for offshore brokers. Offshore brokers are notoriously known for flaunting set rules and regulations. This is a huge problem for us as we don’t condone offshore brokers. There’s a good reason for this, they are known to flaunt set rules and regulations.
👉 Want to make money automatically with Bitcoin and Cryptocurrencies without the risk of trading yourself? Are you ready for self-custody of your investment funds? Do you like the sound of regular consistent results and profitable performance? Tired of the forex and crypto scams, false promises and games out there designed to separate you from your hard earned funds? Stop everything! ETBOT is for you! With the ETBOT software, only YOU are in control of your investment funds. The software works using API Key connections that only YOU set up and control. The ETBOT service and mother company EndoTech has been making investors hundreds of percent a year in proven gains since 2012! They use the volatility of the Crypto market to trade long and short using breakout techniques and strategies powered by real Artificial Intelligence. This year so far ETBOT has made over 75% for clients since January 1st, 2020. If you are ready to leave the trading to the professionals and upgrade your monthly income, now is the time, head to ETBOT now and buy your subscription to get started. PS: ETBOT is a Profitable Forex/Crypto Trading Bot. 100% Verified and Recommended by Valforex.com.
Another problem with ownership of Royal Trade is that there’s a lot of anonymity. Why wouldn’t they mention anyone behind this platform. Who developed this platform or which company? This would have been helpful information for verification purpose. Level of anonymity is too high for us to advice people to sign up. All investors are asked never to sign up with an offshore broker.
When it comes to registration, we are sure Royal Trade is not licensed or registered anywhere on the face of the planet. There’s no indication of any registration documents with this broker. It therefore is safe to conclude that Royal Trade is an unlicensed broker. An unlicensed broker is bad news for investors as they can easily go under.
No known regulatory body has come up to defend Royal Trade. Regulatory institutions such as FCA, FSA, and CySEC simply have not verified registering this broker. This is proof that we are dealing with a professional scam outfit. Best thing to do is stay away from this broker and sign up with a genuine broker. Fake Testimonials.
Homepage of this brutal scam has a few people who claim to have won with this firm. Eden George claims to have made over 2600 Euros in profits. He attributes all these to a personal manager used by this broker. Claims of a personal manager guiding him to profits are all lies.
Why didn’t these account managers help the over a thousand victims?
For all Time, use Forex Trading Robots that are Accurate and Authentic to get realistic profit margins. Dependable and Genuine Forex Trading Robots have been known to make money for users. Sign up with Honest and Trusted Forex Trading Robots today. This is a sure alternative of making money with Forex trading.
Testimonials such as these are merely meant to make investors believe that the platform is real.
Another disturbing detail we found with this platform is that they have a rigged demo account. This is bad news for any Forex newbie. What this means is that they have rigged the demo account in your favor. Rigged demo accounts make over 90% of successful trades.
Once investors see that they are indeed winning with a demo account, they will want the real thing. This is where the trap lies. A real account is far from the demo account in that you use your real money. These brokers want your money and as such, they will make you lose it all. Sad that these scammers are in league with other brokers to give false information. And this is why we are against anyone signing up with this broker.
Funds are not safe with any offshore broker. This means your funds are NOT SAFE with RoyalTrade. Worse is still to come, there’s no way of withdrawing money with this broker. That’s why most people are complaining about losing money with this broker. Do you know where the money goes to? This investigation reveals that RoyalTrade does not segregate member accounts.
What this means is that members are depositing money straight to the owner’s personal bank account. Why would we invest our money into such a cunning broker? As we earlier said, anonymity is what makes Royal Trade a scam. Now you know better than to sign up with a faceless broker. Don’t be another victim of this scam broker.
Details about this unstable platform shot up when we tried to download it. Platform download stalled at 25% and this means that it’s unstable. An unstable platform is bad for business as hackers can easily gain access. Hackers can steal personal data and credit card information by just getting access. This won’t be the first time an unstable platform has been the cause of panic to traders.
Always make sure that you check which type of platform the broker uses. Promises used by the brokers are not genuine. Don’t sign up with RoyalTrade, period. Platforms are essential in determining how good a broker really is.
Royal Trade is a scam that will take away your hard-earned money. Best thing to do is to stay clear from this broker. Ignore all incoming promotional materials sent by their email marketing team. Mark all their emails as Spam and never click to any links. This way, you will be immune to their scam tricks.
Scams are everywhere in the Forex world, RoyalTrade is another scam that has come out to steal from traders.
Evidence on our hands show that we are dealing with a shady broker. Only option left for us is to mark this broker as a scam.
At all times use Genuine and Honest Forex brokers when trading. This is a Proven and Tested way of staying safe when trading Forex. Sign up with Reliable and Reputable Forex professionals who have your back.
Always stay safe when trading with Forex. Sign up with Recommended brokers who will help you make money.
Help Us Fight Scams. Please Donate to Support Our Work. No Amount is too Little or too Big. Thank You..
February 8, 2019 By Ghazanfar
The phrase ‘Necessity is the mother of invention’ seems true for Iran. This is because Iran has unveiled its own...
February 8, 2019 By Ghazanfar
In spite of long bear market, Bitcoin transactions per day are increasing. Today the level of these transactions has touched...
February 4, 2019 By Ghazanfar
Although bear market in crypto world is extending, yet many fiat currencies are facing the threat of destabilization. This is...
February 4, 2019 By Ghazanfar
In spite of mix signals from the cryptocurrency world about the future of cryptocurrencies, many countries are planning to test...
February 3, 2019 By Ghazanfar
The idea of Bitcoin adoption as an international currency is not at all new. Over the years, many financial experts...
February 2, 2019 By Ghazanfar
Bitcoin’s entry into the longest ever bear market in history is one of the most burning issues of today. The...
Valforex.com will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity… Read More