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Operating status: SCAM
Website: https://www.royaltrading.io/
On 21 Nov 2022, the Ontario Securities Commission (OSC) issued a warning that Royal Trading was not registered in Ontario to engage in the business of trading in securities. You may visit: https://www.osc.ca/en/investors/warnings/royal-trading
Royal Trading claims to be a reliable broker without presenting its regulation or any other information that can be used to trace it, such as address and phone number. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag.
Moreover, the Ontario Securities Commission (OSC) issued a warning that Royal Trading was not registered in Ontario to engage in the business of trading in securities.
The truth is that Royal Trading is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe, and the money can not be protected by any laws. Therefore, it is a scam.
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