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.