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ROYALFX has license, right??
Jovelle Raduna
Kyrgyzstan
2023-08-30
ANSWER No, ROYALFX doesn't have any license for forex trading and brokerage activities.ROYALFX attempts to appear legitimate displaying a company number issued by the Companies House (CH). However, the CH only serves as a registrar of companies in the UK and has no authority to issue financial licenses. 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, saying it is illegally targeting British citizens without their authorization.Therefore, ROYALFX is an unlicensed broker. It comes with significant risks such as financial losses and identity theft, which could be financially and personally devastating. If any violation happens, there are no rules in place to protect traders. To safeguard investors' interests, we strongly suggest avoid such unregulated brokers as ROYALFX and instead opt for a fully regulated one.
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