RoyalStox Review
- Minimum Deposit $250
- Free Demo Account
- There is a 50/50 probability of win or loss.
Overview
After seeing their website, it shows that they are not under any agent. That is the main red flag!! That’s enough for you not to know if you want to invest with them or not. And as we said, they also work with websites that offer “automatic trading software,” which is another red flag because this kind of website is famous for its fraud scheme.
So RoyalStox is just an unregulated forex broker, which means customers are not protected, and they may escape with the money obtained with difficulty. There will be no regulatory agents to make them responsible.
Usually, forex brokers that are not arranged work in the following ways. They will call other people to persuade them to make the initial minimum deposit high while trying the possible methods to make it happen. They will offer offers that sound too good to come true, as we will double your initial deposit, or you will quickly produce $ 100 per day.
Please don’t fall for whatever they say!!! It is a fraud! After making an initial deposit, people are transferred to a more intelligent scammer, a “retention agent,” who will try to get more money from you.
This review explains it:
Is Royalstox Legit or Not?
When looking for a broker to carry out your trading activities, the first and most crucial step is constantly learning about their certification. It will tell you whether the Central Authority arranges them or Royalstox is an offshore entity and not regulated.
When the broker is not arranged or regulated by an entity outside your jurisdiction, you do not limit it. There is no legal way if your funds are compromised. In a theft event, complaints can only be made if the regulator in your jurisdiction licenses the broker. Some examples of regulatory authorities that issue broker licenses are:
- Securities Commission and the Cysec Exchange (Cysec)
- Financial Behavior Authority (FCA)
- Australian Securities and Investment Commission (ASIC)
If the regulatory authority in your jurisdiction does not license the broker, it is likely to mean that they are not regulated and should be avoided. Even if the broker is arranged, it is best to avoid it if the regulator is outside your jurisdiction.
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Advantages and disadvantages of RoyalStox
- High leverage value is recommendable to advanced users.
- 24/7 Customer support.
- Royalstox is unlicensed.
- It is a risk for all invested capital.
- There is a 50/50 probability of win or loss.
- Incredibly high deposit fees.
- Brokers charge withdrawal fees.
- Inactive users are charged every month.
Royalstox review
Making RoyalStox Review is fun for us, and we hope to save as many people as possible from losing money obtained with difficulty. An excellent practical rule is carefully reviewing all forex companies and other companies, in this case, before you make any transaction. We hope our RoyalStox review helps you.
After seeing their website, it shows that they are not under any agent. That is the main red flag !! That’s enough for you not to invest with them. And they also work with other websites that offer “automatic trading software,” which is another red flag because this kind of website is famous for its fraud scheme.
If you want to withdraw back your money and it doesn’t matter if you have a profit or not, they will postpone the withdrawal process for months. If they wait for six months, you will not be able to apply to repay again, and your money is lost forever.
No problem, how often you remind them or insist on withdrawing your money, you will not get it back. And if you sign an account agreement that is managed or MAA, which allows them to do whatever they want in your account, they will lose all your funds, so there will be nothing to be asked for again.
