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No Regulation
Score
1.35 /10
Danger
Royal Forex
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index5.80
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
Previous Detection :
2024-11-16
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| Royal Forex Review Summary | |
| Found | 2014 |
| Registered Country/Region | Hong Kong |
| Regulation | No Regulation |
| Market Instruments | Forex Pairs |
| Demo Account | ❌ |
| Trading Platform | / |
| Leverage | / |
| Minimum Deposit | / |
| Customer Service | Email, Phone, Fax |
Royal Forex Information
Founded in 2014, Royal Forex is a broker registered in Hong Kong, China. It offers a wide range of services in the forex market, including buying, selling, and dealing in foreign currencies, as well as money exchange and money transfer services. However, the broker lacks legal regulatory licenses.
Pros and Cons
| Pros | Cons |
| Ten-Year's Trading Experience | Lack of Legal Regulation |
| No Demo Accounts | |
| Limited Info on Trading | |
| Limited Trading Choices |
Is Royal Forex Legit?
Royal Forex is not subject to any legal regulation, which raises concerns about its information reliability. Therefore, you are advised to stay away from this broker.
What Can I Trade on Royal Forex?
Royal Forex only offers forex pairs trading. It deals in all major currencies, such as the US Dollar, British Pound, Euro, Yuan, Yen, Swiss Franc, etc
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ❌ |
| Indices | ❌ |
| Cryptocurrencies | ❌ |
| Stocks | ❌ |
| Mutual Funds | ❌ |
| Bonds | ❌ |
Customer Service
Royal Forex allows you to contact it through multiple channels, including phones, email, fax and physical address.
| Contact Options | Details |
| info@royalforexltd.com | |
| Phone | +852 2354 4474; +852 2354 4475; +852 2354 4476 |
| Fax | +852 2354 4471 |
| Physical Address | Shop No 9 G/F, CFC Tower, 22-28 Mody Road, Tsim Sha Tsui, Kowloon, HK. |
| Supported Language | English |
| Website Language | English |
The Bottom Line
Royal Forex is a forex focused broker. It lacks transparency in information concerning fees, leverage and account types. In addition, Royal Forex operates without any legal regulation, therefore, it is advisable to avoid this broker.
FAQs
Is it safe to trade with Royal Forex?
No, trading with Royal Forex is unsafe given the lack of legal regulation.
What trading instruments does Royal Forex offer?
Royal Forex only offers forex pairs.
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