Warning: Is Royal FX Bank a Scam?
Is Royal FX Bank (royalfxbank.com) safe? We found major red flags. It appears to be unlicensed.
Royal FX Bank (royalfxbank.com) Review
Royal FX Bank (royalfxbank.com) has been flagged as a probable illicit operation.
We found that it is located at 100 Bishopsgate, London, EC2N 4AA ,United Kingdom, and the support email is support@royalfxbank.com.
Royal FX Bank claims to be a trading provider, but it is not authorized by any major commission, like the ASIC or CySEC.
Victim of Royal FX Bank?
If you believe you have been scammed by Royal FX Bank, act now. Fill out the inquiry below to talk to our cyber-forensics team for a complimentary assessment.
Can You Trust Royal FX Bank?
Our investigation confirms that Royal FX Bank lacks a valid license.
Investing with unregulated entities is highly risky. Real firms are always authorized with bodies like the FINRA or FCA to protect investors.
Royal FX Bank lacks this supervision. This means there is no legal recourse if they withhold your money. Many investment fraud involve unlicensed actors, and getting back money from them is hard without professional assistance.
For instance, in the UK, unauthorized firms are not covered by the Financial Ombudsman. In America, they are not members of regulatory bodies, so your money is at risk.
Common Scam Tactics
Online trading fraud is getting smarter. Fraudsters use psychological tricks to take wealth. Here are common methods used by brokers like Royal FX Bank (royalfxbank.com).
Dating App Scams
"Pig Butchering" is a common method where scammers build trust over months. They build a relationship online. Eventually, they mention a secret investment. It's a trap to get you onto a scam site like Royal FX Bank.
The "Bonus" Trap
Fraudsters build websites that look exactly like real trading apps. They have charts and balances that increase. But it is a fake. The scammer manipulates the prices to convince you so you invest more. If you ask for a payout, the "profits" are gone.
Red Flags
- Cold Calling: You get calls from "brokers" you don't know.
- No License: The company lacks legal registration.
- High Returns: They guarantee 1% daily returns or risk-free trades.
- Cannot Withdraw: They refuse withdrawals. They demand "tax fees" before releasing funds.
- Aggressive Sales: "Account managers" push you to deposit more.
Ignore fake reviews. Fraudulent brokers frequently write their own positive reviews to look legitimate.
Verdict
Our verdict is to avoid Royal FX Bank. It is likely a fraud. Save your funds and find a licensed broker. Avoid royalfxbank.com at all costs.
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