Royal Forex is Not Right

WikiFX | 2023-05-10 17:08

Abstract：Headquartered in Cyprus and regulated by the CySEC, Royal Forex is currently unreachable.

Royal Forex Trading is licenced by financial regulator CySEC (Cyprus Securities and Exchange Commission) under licence number 269/15 and registered with the Republic of Cyprus with registration number HE 336694.

Royal Forex offers traders two trading platforms: the MetaTrader 4 (MT4) and the Royal Forex Trader (RFT). Both platforms are designed to provide traders with a seamless trading experience. The MT4 platform is popular among traders due to its comprehensive charting package, automated trading capabilities, and advanced technical analysis tools.

The RFT platform is a proprietary trading platform developed by Royal Forex that is intuitive and easy to use. It offers advanced charting tools, social trading features, and customisable trading indicators.

However, WikiFX recently noticed that there is something abnormal about Royal Forex. Since this is a regulated broker, how could WikiFX make such a bold claim？

Upon research, we realised that the official website of Royal Forex (www.royalforex.com) is currently unreachable.

In the meantime, WikiFX also found that Malaysias Securities Commission Malaysia (SC) maintains an Investor Alert List, which contains the names of unlicensed investment companies or individuals that have been identified as engaging in unauthorised or illegal activities. The purpose of the list is to help protect investors from potential scams or fraudulent schemes.

Usually, the broker may have changed their website address or domain name in such circumstances. In this case, you may need to search for the broker's new website address or contact them directly to obtain the updated information. Alternatively, the broker may have gone out of business or suspended its operations. This could be due to a variety of reasons, such as bankruptcy, regulatory action, or fraud. If this is the case, tracking down the broker or accessing their website may be difficult.

WikiFX is a comprehensive platform that provides valuable information and updates on forex brokers to help traders make informed decisions. By downloading the WikiFX app, users gain access to a wealth of information on forex brokers, including their regulatory status, customer reviews, and trading conditions. This information is updated regularly to ensure that users have the most current and accurate information available. With the WikiFX app, users can also receive real-time alerts on any regulatory actions taken against brokers, ensuring that they are always up to date on the latest news and developments in the industry. By staying informed and up to date on forex broker updates, users can make more informed trading decisions and reduce their risk of falling victim to fraudulent or unregulated brokers. Therefore, anyone interested in trading forex should consider downloading the WikiFX app to stay up to date with all the forex broker updates.

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Related broker

Not Regulated

Royal Forex

Company name：Royal Forex Ltd

Score

1.64

Website：https://www.royalforex.com/

10-15 years | Questionable Regulatory License | Suspicious Operational Region | Forex Execution License (STP)

Score

1.64

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