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Royal Trading Fx

Saint Vincent and the Grenadines Saint Vincent and the Grenadines | 5-10 years |
ECN Account Scam Brokers | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

https://royaltradingfx.com

Website

Rating Index

Contact

https://royaltradingfx.com

license Forex License

No forex trading license found. Please be aware of the risks.

This platform is a Ponzi Scheme. Please stay away!
  • This broker has been verified as unauthorized. All of its previous licenses have expired, and it has been placed on WikiFX's Scam Brokers list. Please be aware of the high risk.
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Basic Information

Registered Region
Saint Vincent and the Grenadines
Operating Period
5-10 years
Company Name
Royal Trading Fx Ltd
Email
info@royaltradingfx.com
Account Info
Verified Site
About Us
Wiki Q&A
Comment

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Official Website

Verified Site

  • royaltradingfx.com
    198.54.126.167
    Server Location
    United States United States
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
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Company Profile

Company Profile

Review summary

Note: Royal Trading Fxs official site - http://ww1.royaltradingfx.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Feature Information
Registered Country/Region Saint Vincent and the Grenadines
Regulation unregulated
Market Instrument forex currency pairs, metals, futures and shares
Account Type Classic, STP, ECN and Standard
Demo Account N/A
Maximum Leverage 1:1000
Spread (EUR/USD) from 0.1 pips
Commission N/A
Trading Platform MT4, Webtrader
Minimum Deposit $100
Deposit & Withdrawal Method N/A

Royal Trading Fx, a trading name of Royal Trading Fx Ltd, is allegedly a forex broker registered in Saint Vincent and the Grenadines that claims to provide its clients with various tradable financial instruments with leverage up to 1:1000 and floating spreads from 0.1 pips on the MT4 and web trader trading platforms via four different live account types.

However, Royal Trading Fx has been verified to be illegal and its licence has expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!

General Information & Regulation

Note: The screenshot date is February 13, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

Market Instruments

Royal Trading FX trades in forex currency pairs, metals, futures and shares.

Account Types

Royal Trading Fx claims to offer four types of trading accounts, namely Classic, STP, ECN and Standard, with minimum deposit requirements of $100, $500, $1,000 and $1,500 respectively.

Leverage

The maximum trading leverage offered by Royal Trading Fx for forex trading is up to 1:1000, which is generous. However, since leverage can amplify returns as well as potential losses, traders need to take care when using it.

Spreads

Royal Trading Fx advertises that its spread on the EUR/USD pair starts from 0.1 pips, but does not specify its detailed spread on particular instruments.

Trading Platform

Royal Trading Fx offers the MetaTrader4 trading platform and a web trader. The MT4 offers a variety of trading tools and instruments to facilitate your transactions. For example, a financial calendar, VPS, trading signals (for a subscription fee), code base with customs scripts, demo account, etc.

Deposit & Withdrawal

The minimum deposit is $100. Withdrawals are subjected to processing and handling fees which are deducted from the transferred amount. The withdrawal request is not charged fees once a month but any subsequent withdrawal is charged a processing fee of 30 USD, 25 EUR or 20 GBP. In addition to that, the processing time for withdrawal requests is 2-5 business days. Without access to its official site, however, we cannot say what kind of payment methods are available with the broker.

Inactivity Fees

There is no fee on deposits, however, if the account remains inactive for 6 months, then 10% will be deducted each month.

Customer Support

The only way you can approach Royal Trading Fx is via email: info@royaltradingfx.com. This broker doesnt disclose other more direct contact information like telephone numbers or the company address that most transparent brokers offer.

Pros & Cons

Pros Cons
• Multiple trading assets and account types • No regulation
• MT4 supported • Website inaccessible

Frequently Asked Questions (FAQs)

Q 1: Is Royal Trading Fx regulated?
A 1: No. It has been verified that Royal Trading Fx currently has no valid regulation.
Q 2: Does Royal Trading Fx offer the industry-standard MT4 & MT5?
A 2: Yes. Royal Trading Fx supports MT4.
Q 3: What is the minimum deposit for Royal Trading Fx
A 3: The minimum initial deposit to open an account is $100.
Q 4: Is Royal Trading Fxa good broker for beginners?
A 4: No. Royal Trading Fx is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website.

Company Profile

  • Scam Brokers
  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

Is Royal Trading Fx safe to trade with?

Royal Trading Fx Ltd presents a high-risk profile, operating for 5-10 years from Saint Vincent and the Grenadines without any valid or recognized forex trading licenses, which means client funds are not protected by standard regulatory safeguards.

04-02
United States

What is the regulatory status of Royal Trading Fx?

Royal Trading Fx Ltd is not regulated by any authoritative financial supervisory body and maintains its registration in Saint Vincent and the Grenadines, a jurisdiction that does not oversee forex trading activities, resulting in a severe risk warning for potential investors.

04-02
United States

Is Royal Trading Fx suitable for forex trading beginners?

Trading forex and CFDs involves a high degree of complexity and market risk. Whether you choose Royal Trading Fx or another trading platform, we strongly recommend that beginners thoroughly study forex basics before investing real funds. It is also highly advisable to practice with a demo account first to familiarize yourself with the platform's operations and market volatility.

04-02
United States

What essential information should I know before trading with Royal Trading Fx?

Before opening a live account, it is recommended to comprehensively understand the platform's regulatory status, deposit and withdrawal policies, spread costs, and overnight fees (swaps). Additionally, you can consult WikiFX to review the broker's latest score and user feedback to help you make a more informed investment decision.

04-02
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

04-02
United States

How is the WikiFX Score calculated?

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.

04-02
United States

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

04-02
United States

What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

04-02
United States

What is a clone broker website?

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

04-02
United States
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