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ROYALFX

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Operating status: SCAM

Website: https://royal-forex.com/

Broker violations and abnormal records
  • 2023-08-03 The UK FCA issues a warning against ROYALFX

    On August 4, 2023, the Financial Conduct Authority (FCA) issued a warning against ROYALFX, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/royalfx

    On August 4, 2023, the Financial Conduct Authority (FCA) issued a warning against ROYALFX, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/royalfx
  • 2023-08-06 BrokersView has reviewed that ROYALFX is an unregulated broker

    ROYALFX uses a company number issued by the Companies House (CH) to appear legitimate. However, the CH only serves as a registrar of companies in the UK and has no authority to issue financial licenses. Therefore, mere registration with the CH cannot be considered as the authorization to offer financial services/products legally.

    Furthermore, the Financial Conduct Authority (FCA), the UK financial watchdog, has issued a warning against ROYALFX, cautioning the public of this unauthorized firm.

    In essence, ROYALFX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    ROYALFX uses a company number issued by the Companies House (CH) to appear legitimate. However, the CH only serves as a registrar of companies in the UK and has no authority to issue financial licenses. Therefore, mere registration with the CH cannot be considered as the authorization to offer financial services/products legally.Furthermore, the Financial Conduct Authority (FCA), the UK financial watchdog, has issued a warning against ROYALFX, cautioning the public of this unauthorized firm.In essence, ROYALFX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Related Complaints

Q&A

ROYALFX has license, right??

Jovelle Raduna
Kyrgyzstan
2023-08-30
ANSWER No, ROYALFX doesn't have any license for forex trading and brokerage activities.ROYALFX attempts to appear legitimate displaying a company number issued by the Companies House (CH). However, the CH only serves as a registrar of companies in the UK and has no authority to issue financial licenses. Mere registration with the CH cannot be considered as the authorization to offer financial services/products legally.Furthermore, the Financial Conduct Authority (FCA), the UK financial watchdog, has issued a warning against ROYALFX, saying it is illegally targeting British citizens without their authorization.Therefore, ROYALFX is an unlicensed broker. It comes with significant risks such as financial losses and identity theft, which could be financially and personally devastating. If any violation happens, there are no rules in place to protect traders. To safeguard investors' interests, we strongly suggest avoid such unregulated brokers as ROYALFX and instead opt for a fully regulated one.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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