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No Regulation
Score
1.37 /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 Index5.92
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 :
2025-01-26
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| Royal ForexReview Summary | |
| Founded | 2004 |
| Registered Country/Region | Hong Kong |
| Regulation | No regulation |
| Services | Foreign exchange |
| Sending money abroad | |
| Buying and selling foreign currencies | |
| Money exchange / Money transfer | |
| Customer Support | Phone: +852 2354 4474 / +852 2354 4475 / +852 2354 4476 |
| Email: info@royalforexltd.com | |
| Fax: +852 2354 4471 | |
| Physical Address: Shop No 9 G/F, CFC Tower, 22-28 Mody Road,Tsim Sha Tsui, Kowloon, HK. | |
Royal Forex Information
Royal Forex, founded in 2004, is a forex services company. It provides foreign exchange, sending money abroad, buying and selling foreign currencies, money exchange / money transfer.
Pros and Cons
| Pros | Cons |
| Mutlpile services provided | No regulation |
Is Royal Forex Legit?
It is clear that Royal Forex is currently unregulated.
Services
Royal Forex provides foreign exchange, sending money to abroad, buying and selling foreign currencies, money exchange / money transfer.
Foreign Exchange
Foreign exchange is the core of Royal Forex's business. Royal Forex specializes in global business payments and also sells prepaid currency cards in a wide variety of currencies. Since it offers the best exchange rates, prepaid currency cards are of immense value for tourists and business travellers, both domestic and international.
Sending money to abroad
Royal Forex transfers money abroad for the following purposes:
Royal Forex organize release/remittance of foreign exchange for private visits abroad
Transferring remittances by tour operators/travel agents to their principals/counterparts abroad or to hotels/hostels/home stays etc.
Business travel
Participation fees for global conferences or for specialized training
Payment for wages of crew or foreign staff
Shooting of films in foreign locations
Medical treatment in foreign hospitals
Tuition/hostel fees etc. for foreign education
Remittances to foreign Universities
Towards maintenance of close relatives living abroad
Permitted expenses for overseas exhibitions/fairs
Other remittances on a case by case basis, as per regulations in force.
Currency Exchange
Royal Forex offers a lot of foreign currency exchange solutions to meet clients' demands. Royal Forex transfers money for clients to transfer money from and to Hong Kong from any part of the globe.
Money Exchange / Money Transfer
Royal Forex offers their clients the Western Union Money transfer service. Using these services, Royal Forex can instantly transfer client money to most destinations in the world. As add-ons Royal Forex offers prepaid cards, money orders as well as provide custom services to clients. Royal Forex helps clients to transfer money to purchase property or assets from abroad. Royal Forex also facilitates inward remittance of foreign exchange.
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