RoyalDiam Review – All the Desperate Fraudulent Tries of
RoyalDiam Review – All the Desperate Fraudulent Tries of

Royally shameless and absolutely ruthless in their unscrupulous methods, the RoyalDiam broker even goes as far as to come up with false authorities that have allegedly licensed them. 

Of course, it doesn’t take a rocket scientist to see through the illusion. That’s why we highly recommend you to read the following RoyalDiam review in its entirety before you get swindled out of your money. 

Regulated by: Unregulated Broker
Is This Company Safe? No, this company is not licensed or supervised so they are not considered to be safe!
Known Websites:
Have Warnings from: CBR
Registered in: Monaco (alleged)
Operating since: 2023
Trading Platforms: Web Trader
Maximum Leverage: 1:100
Minimum Deposit: $150
Deposit Bonus: Hinted but undisclosed
Trading Assets: Forex, Commodities, Indices, Shares and Crypto
Free Demo Account: No
How to  Withdraw from This Company? Contact our experts for help with asset recovery.

All the Fake Regulators Involved

This isn’t the first or the last illicit brokerage platform that lists these two alleged regulators as their supervisory entities:

  • European Financial Comission (yes, the spelling mistake is original)
  • Canadian Financial Industry Regulatory Authority (CADFIRA)

Fintelegram has already written about some of the fake regulatory entities, and these two are also examples of that. The thing is that illegal brokerage platforms connect with these charlatans to facilitate the process of luring in new victims and impersonating reputable, licensed firms.

Nothing else about this firm is known, save for a fake address in Monaco. Legal docs actually list Vanuatu courts to have the exclusive legal jurisdiction over the conduct. 

At this point, we’re certain the RoyalDiam regulation doesn’t exist, as we’ve already inquired with FCA, CySEC, BaFin, FINMA and others. Only a warning exists, published by the Central Bank of Russia (CBR).

Even more strictly regulated entities can be dangerous so we also warn our audience to be cautious when dealing with RoboMarkets.

Piggybacking on an Old Domain

The domain has been out there for a while, dating all the way back to 2015. The company hasn’t been around for nearly as long, as the site was owned by a now dissolved diamond retail business until 2023.

Examining the web traffic, we’ve managed to pinpoint the target nations for the fraud:

  • Italy
  • Germany
  • Austria
  • Poland

Outside of a few Medium posts that advertise the firms’ alleged quality of service, the scheme doesn’t have any online presence. Getting new victims to invest with the company is done by boiler room agents.

The strategy is widely used in various fraudulent circles, PredCoin being another example. It involves contacting the mark directly, and following a predetermined script to lull them into a false sense of trust.

Manipulating Online Ratings

The ratings score of this company is incredible, with an average of 4.16 stars on SiteJabber, and 4.2 on TrustedReviews! This, of course, is not a natural outcome of high quality service, but the work of review seller networks. The company has paid for deceptive RoyalDiam reviews in an attempt to improve the rating.

That’s not all, as employees of this boiler room work very hard to maintain a positive reputation. So hard, in fact, that they’re flagging any negative feedback from actual clients as “harmful or sensitive content” on TrustPilot.

Offshore Leverage Ratio and Other Terms

Characteristic for anonymous, off the grid fraudulent companies, this online trading portal also offers leverage higher than anything allowed in properly supervised countries. The maximum ratio is set to 1:100, but we doubt that’s the highest offered. 

Absolutely no other costs, commissions and trading parameters are even remotely mentioned. From inside the platform we found the spreads on EUR/USD to be 2 pips, which is quite pricier than on world renowned platforms.

Ridiculously Bad Features

Calling the trading environment found on the RoyalDiam markets basic would be an insult to any streamlined trading apps out there. It’s basically just a placeholder, intended to keep the victims occupied while they squander their account balance.

Nevertheless, this wouldn’t be an impartial review if we didn’t do a thorough analysis.

Barebone Trading Software

The main trading app is a Web Trader, and it’s pretty rudimentary even by Web Trader standards. There’s a simple charting tool, as well as some basic amenities like one-click trading. Stop loss is supported, however there is no Limit Order functionality.

The mentioned trading chart seems to be imported from a third party source at first glance.  When you compare the prices and market shifts, though, you’ll see that the con artists are manipulating their data.

Markets to Trade on

The site only presents partial info about available instruments through several TradingView widgets. Several tradable asset groups we detected on the platform itself were:

  • Currencies (EUR/USD, EUR/CHF, USD/CAD)
  • Commodities (Livestock, Silver, Cocoa)
  • Indices (CAC, Dow, Dax, Nasdaq)
  • Crypto (BTC, BNB, DOGE)
  • Shares (Nvidia, Microsoft, Tesla)

Needlessly Costly Accounts

Looking at the RoyalDiam investment accounts, we can see a tier system common with various charlatans. To make the different accounts stand out, the con artists claim some nonsensical benefits.

The most expensive account, for instance, has both deposit insurance or deposit protection. What’s the difference, we hear you ask? Nothing, they’re just fancy words to sway unwary clients.

Here’s an overview of account prices:

  • Newbie – $150
  • With Experience – $1,000
  • Professional – $10,000

Discrepancies With Payments

Some heavy AML breaches are immediately obvious once you try to deposit or request a RoyalDiam withdrawal. While credit cards are the only funding method accepted, payouts are actually done via crypto and wire transfers. 

Another red flag is the fact that legal documents or the site itself reveal very little details about withdrawals. We could only find that payouts can be requested after 20 banking days since the deposit. All of the fees that might be involved in the monetary transactions are deducted by the company directly from the client’s total balance.

Nobody Cares About Clients

Many fraudsters try to maintain some semblance of customer support at least, in an attempt to keep their prey hooked for longer. Here, there’s no such thing as RoyalDiam support. 

The contact number that is provided on the site is a virtual number that doesn’t belong to any actual landline, and any emails just bounce back.

Steps to Recover Lost Funds

Blacklisted, fraudulent organizations of all kinds only have one thing in mind: to rob you of your hard earned cash. Therefore, we compel you to fight back and not give up on what is rightfully yours. Where there is will, there is way.

With the help of our legal assistants and legal professionals, you too can take the necessary actions and take back your stolen capital. For more info contact our chat agents and book your first consultation absolutely free of charge!

FAQ Section

What is RoyalDiam?

It is an unregulated offshore broker that tries to seem legit by posting alleged licenses issued by fake regulators.

Is RoyalDiam Regulated?

No, any licenses that are posted on the website are fakes issued by known fraudulent organizations.

How to Recover Money From a Scam Broker?

Contact our legal experts for help with asset recovery. We are available 24/7 via the live chat, and our first consultation is free of charge!

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you're here because you suspect that your investment isn't in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

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