Royal Forex Applied the Cancellation of its CIF License of CySEC

Recently, BrokersView learned that Royal Forex has decided to voluntarily renounce its CIF license (269/15 ) of CySEC to operate as an investment firm.

When checking on the CySEC register, we found the regulatory status of Royal Forex changed into under examination for voluntary renunciation of the authorisation. That means the Royal Forex’s surrender of license is entirely voluntary based on the company’s decision and does not arise as a result of any regulatory action.

The reasons leading up to this decision remain unclear, but CySEC will certainly maintain supervision over the financial service company until it has taken care of its responsibilities under the license.

It's worth noting that Royal Forex has two domains: www.royalforex.com(not available) and www.ROInvesting.com. The latter one is owned by ROInvesting, a trader name of Royal Forex.