RoyalFX24 Detailed Review

When it comes to RoyalFX24 broker, there are not many things to say as there is not much information disclosed. The company behind the charade is unknown as well as their headquarters, so we can freely conclude that you’re dealing with a scam. However, read everything we know in our RoyalFX24 review.

What About RoyalFX24 Regulation?

Since we have no basic information on RoyalFX24, we can tell that the broker is unregulated. Just to make sure, we’ve checked Tier1 registers such as ASIC, FCA, and BaFin and found nothing.

When companies hide basic details, it usually means they are based in an offshore country without actual regulatory supervision. It’s bad for your funds since the company doesn’t need to follow any rules or keep your funds in segregated accounts.

Just to make it clear, we strongly advise you to avoid any offers coming from RoyalFX24.

In addition to the above, we strongly advise you not to invest in InFlux Finance, Fortexo and Smart Trade Group fraudulent brokers.

RoyalFX24 Warnings From Financial Regulators

Due to illegal activities, the Italian regulatory body, CONSOB, added RoyalFX24 to its list of suspicious websites operating without authorization. It practically means that the company is not entitled to provide financial services in the EU, and clients have no right to get reimbursed by regulators.

Fund Withdrawal Issues With RoyalFX24

What to expect from a broker such as RoyalFX24, but not to let clients withdraw their funds. Since there is no owner, headquarters, or regulatory jurisdiction, of course, none of the clients will bother with lawsuits. However, don’t let them fool you. There are still methods and things to do in order to get your funds back.

If, like many others, you cannot withdraw your funds and your trading account has been frozen, let us know immediately.

Also remember the names of the 365 Capital FX, TrampaFX and LiteGap trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!

Areas Of RoyalFX24 Scam

According to reviews, the broker is mainly present in Italy and France. However, we have complaints coming from the UK, Netherlands, and many other EEA zone countries. As the company itself stated, they work in the EEA zone, meaning that they are targeting European clients.

Beware of the RoyalFX24 trading scam!

Traders About RoyalFX24 Scam

Unsurprisingly, traders have nothing nice to say about RoyalFX24 and their scam. The broker is extorting money, their employees are harassing clients until they make an initial deposit, and even then, it’s not enough. Account managers are pressuring people and threatening them that they will lose everything they have invested in so far unless they invest more.

How Does Online Trading Scam Work?

Online trading scams start with a trading ad showing an automated system that makes thousands of dollars in just a few clicks. Of course, it all sounds like a legitimate story since everything is based on algorithms and math. Yet, once you go deeper into it, you will understand that nothing is as it seems.

Your account manager, who pretends to be your friend, will just extort your funds, and once you ask for a withdrawal, your request will be denied.

Beware of such scams and report any suspicious activity immediately.

Scammed by RoyalFX24? – Tell Us Your Story

If you were scammed by RoyalFX24 or a similar bogus broker, let us know. Our support team will connect you to a chargeback specialist who may help you file a dispute and resolve the matter,

But What Is A Chargeback?

A chargeback is a way for your bank to reverse the fraudulent transaction. For further details, contact us via online chat and book a free consultation.