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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.