✔️ Information reviewed and updated in March 2024 by Eduardo López

IS Royal FX Bank RELIABLE? OPINIONS

In this post I will analyze Royal FX Bank. Is the Royal FX Bank cryptocurrency, forex, stocks, indices and commodities platform (with royalfxbank.com website) really reliable? Is it safe to invest your money with this company? I will examine this company in detail.

I will explain to you why I think Royal FX Bank is an UNSAFE company AND I CONSIDER IT TO BE UNRELIABLE. BE CAREFUL WITH THIS KIND OF COMPANIES!


ℹ️ BROKER DATA:

Here are two things that I would like to highlight, (1) the first thing that is important to know is about its regulation and (2) the second is the location of the company. These are two data of vital importance to be able to measure the seriousness and reliability of a company.

Does the company have no regulation or is it regulated by an unserious country? Is the company located in an unreliable place or does it not mention where it is located? These are questions that every investor should ask about the reliability of the company.

InformationAbout the company
(I.e. Company BANKS ASSOCIATES
???? AddressMention being located in UK
📄 RegistrationNot mentioned
🛡️ RegulapainNot mentioned
️ ️ Phone numberDoes not have
📧 Email Address[email protected]
🌐 Websiteroyalfxbank.com
???? Live ChatYes
💳 Payment methodsNot mentioned
Company typecryptocurrency, forex, stocks, indices and raw materials platform

📞 LIST OF PHONE NUMBERS:

The company does not mention any contact telephone number. The lack of means of contact makes me a little nervous. It is not normal.


💰 DEPOSITS AND ACCOUNTS:

Here is a small analysis of the types of accounts that Royal FX Bank offers; They are divided into 4 accounts. Here is a table with a little more information about minimum deposits by type of account.

TYPE OF ACCOUNTSMINIMUM INITIAL DEPOSIT
Bronze€ 250
Silver€ 25.000
Gold€ 100.000
Diamond€ 250.000

🌐 WEBSITE – WEBSITE:

Below you will see the company's website and a small analysis about the website:

Royal FX Bank website
  • Age of the website: the domain “royalfxbank.com” was registered on September 14, 2022. That is, it is a website that is not very old. 🚩
  • The website mentions which company it belongs to, but I have not been able to find ” BANKS ASSOCIATES” in the company records. I think it may be a fake company. 🚩
  • As I mentioned before: the company does not mention being regulated, which makes me think that it is an unregulated company. 🚩

⭐ Royal FX Bank OPINION:

After having carried out an analysis of the company, I have come to the following conclusions:

1) The company mentions being located in the UK, but I think they are trying to mislead about their location. I recommend extreme caution.

2) The company does not mention being regulated or anything about its regulation. I understand that it is a UNREGULATED company.

3) I think the company has very little seniority or history. As I mentioned, I was able to check that the domain “royalfxbank.com” was registered on September 14, 2022. It is very recent.

4) The company has a very bad reputation on the internet, I have already been able to find customer complaints.

5) The company has been reported by the following financial regulator(s): CySEC, Cyprus Financial Regulator. It is a very unsafe company, be careful.

“To be honest with you, I would not invest in this type of company: it is not regulated. He mentions belonging to a company BANKS ASSOCIATES which apparently is a fake company. I honestly cannot recommend a company of this type.”


💬 WHAT TO THINK OF A COMPANY LIKE Royal FX Bank?:

The evaluation of Royal FX Bank raises substantial concerns when taking a closer look at its structure and functioning. The absence of regulation is one of the first warning signs, since the lack of supervision by recognized regulatory bodies can leave investors unprotected and exposed to possible financial risks.

Even more worryingly, a formal complaint from the Cyprus Financial Regulator, CySEC, has been identified against Royal FX Bank for fraudulent activities. CySEC is known for its rigorous approach to the supervision and regulation of financial entities, so a complaint of this nature suggests possible significant irregularities in the platform's operations.

The information provided by the regulator highlights the seriousness of concerns about Royal FX Bank's practices. Fraudulent activities can range from a lack of transparency in transactions to the manipulation of financial data, which puts investor funds at risk and undermines the integrity of the financial market.

Given this situation, it is imperative that potential investors exercise extreme caution and conduct thorough research before considering any involvement with Royal FX Bank. Consulting with financial advisors and verifying the reputation and legality of the platform are essential steps to safeguard financial interests and avoid possible harmful consequences.


📣 LATEST UPDATES:

1) Update January 2023: la CySEC, Financial Regulator of Cyprus, has denounced Royal FX Bank.


✔️ CLAIM MONEY FROM Royal FX Bank:

If you have been scammed, then I explain, in my opinion, one of the most effective methods to recover capital. If you do it on time and with a serious company, it is highly effective.

We work with a capital recovery service. here you can recover your capital.

In a few words, we use the chargeback method or capital withdrawal, with this method what we do is ask the bank or Visa, or Mastercard (depending on how we send the money), to return our capital, since we have been scammed. In order to recover it, we have to prove that we have indeed been scammed.

Claim your money now!

If you have been scammed, it is the option that I recommend, we work with a totally serious and safe capital recovery company.


🚨 REPORT Royal FX Bank:

If you have been scammed by this company and you want to report it, I think the best option is to contact the financial regulator of the country where you live. Report what happened to the regulator. Here are some examples of financial regulators by country:

🇦🇷 Argentina: the financial regulator is CNV, here you can get in touch

🇧🇷 Brazil: the financial regulator is CVM, here you can get in touch

🇨🇱 Chile: the financial regulator is CFM, here you can get in touch

🇨🇴 Colombia: the financial regulator is the Financial Superintendence, here you can get in touch

🇪🇨 Ecuador: the financial regulator is SUPERINTENDENCE OF BANKS, here you can get in touch

🇪🇸 Spain: the financial regulator is CNMV, here you can get in touch

🇺🇸 United States: the financial regulator is FINRA, here you can get in touch

🇮🇹 Italy: the financial regulator is CONSOB, here you can get in touch

🇲🇽 Mexico: the financial regulator is CNBV, here you can get in touch

🇵🇪 Peru: the financial regulator is SBS, here you can get in touch

If your country is not on the list, leave a comment and I will gladly help you!


❓ FAQS – FREQUENTLY ASKED QUESTIONS:

What is Royal FX Bank?

Royal FX Bank is an investment platform in cryptocurrencies, forex, stocks, indices and raw materials.

Is Royal FX Bank a scam – is it a scam?

In my opinion it is, I think it's a scam. Taking into account different characteristics of this company, I must qualify it as a very bad and very unsafe one.

Is Royal FX Bank trustworthy?

Royal FX Bank is a company that I consider UNTRUSTABLE. It has characteristics that make it a very unsafe company: be very careful.

How to get money back from Royal FX Bank?

If you have lost your money or been scammed, I recommend you try the capital recovery service.

Which broker is reliable to invest?

If you want to know a safe and reliable company, I invite you to see the ranking of best brokers and you can also check the 3 best brokers of the month.


Eduardo Lopez

Editor and Copywriter

I am Eduardo López Martínez, I was born in Madrid, Spain and I am 48 years old. I am a journalist and I am part of the Brokersdeforexconfiables.com team. Do you want to know a little more about me? I invite you to read my biography.

See publications of Eduardo López

Review rating: 5/5 - (205 votes)

2 comments on «IS Royal FX Bank RELIABLE? OPINIONS»

  1. Ava Reply

    This company will rip you off. I know because I've lived it, don't fall into the trap, I know you'll thank me.

    • reliableforexbroker.com Reply

      Hello Ava, Royal FX Bank is a SCAM, we are receiving many complaints from investors, they do not return the money, they should never invest in a broker without REGULATION.

      They create positive comments of their own to confuse investors and pose as a serious and legal company but everything is invented and if you mention our review they say that we are the competition and that is not true (we only do reviews of brokers).

      When you request a withdrawal of capital or benefits, if they make excuses and force you to pay commissions or another type of ransom, you will know that they are scamming you, do not fall into that trap, those commissions are not real, they try to take more money from you.

      If you want to recover the money you can do it from the CHAT on our website or by filling out the form at this link: Get your money back, we are with you

      Greetings.

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