Archives: Brokers

Is COIN-ROYAL Scam or Legit Broker?

No, COIN-ROYAL is not a safe broker. The broker is registered in an offshore zone - Saint Vincent and the Grenadines under registration number 26181 BC 2021. However, it is well-known that offshore brokers are unreliable, and signing in with them might put traders’ investments at risk.

• Brokers registered in SVG FSA are not trustworthy. This is due to the fact that the regulatory body does not set many requirements and guidelines. Besides, the set-up cost is very low, enabling any financial company to register and obtain a license.

What is COIN-ROYAL?

Based on the website, COIN-ROYAL, established in 2021, is a trading platform that operates on the Bitcoin network, facilitating leveraged trading on multiple digital assets such as Ethereum, Litecoin, Ripple, and Bitcoin itself. The broker is currently accepting clients from more than 150 countries.

COIN-ROYAL's website states that it is regulated by SVGFSA, with registration number 26181 BC 2021. In addition, the broker has shared their registered address (First Floor First St. Vincent Bank Ltd. Building, James Street, Kingstown, Saint Vincent, and the Grenadines). Read why it is not advisable to choose a broker with an SVG FSA license. 

• In fact, Saint Vincent and the Grenadines is a popular destination for spam brokers. The jurisdiction does not mandate the company to establish an office within SVG, has a low initial capital requirement, and does not enforce strict establishment regulations. Thus, it is crucial to keep in mind that brokers registered with SVGFSA should be avoided for several legitimate reasons, the most important of which is the safety of funds.
• The other reason that should stop traders from signing in with the broker are numerous negative reviews from clients. Most often traders state that at first, the broker seems very attractive with favorable offerings and environment, however, later on, it becomes pushy, trying to make the clients invest more and more. And when it comes time to withdrawals the clients always face complications. Read real reviews and inquiries about COin-Royal from clients here.
• We strongly advise traders and investors to only consider brokers that are well-regulated and licensed by top-tier authorities, including CySEC, FCA, ASIC, and other trusted regulatory bodies. This approach will help traders avoid any fraudulent investment schemes and prevent unpleasant surprises. 

Overall COIN-ROYAL Ranking

Based on our findings in regard to COIN-ROYAL security and regulations issues, we do not rank positively COIN-ROYAL, based on our Expert Opinion with over 10 Years of experience in Forex Trading due to its lack of regulation and many negative reviews from traders.  

• COIN-ROYAL Overall Ranking is 3 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

COIN-ROYAL Alternative Brokers

Taking into consideration our revelations of COIN-ROYAL reliability and safety issues, here are much better Alternatives to COIN-ROYAL with tight regulations and favorable conditions. We select Good Brokers and reliable options for your comparison below:   

• XM – Wide Range of Trading Opportunities
• Pepperstone – Low Spreads and Competitive Trading Conditions
• FXTM – Good for Beginners and Good Fees

Account types

COIN-ROYAL five accounts (COIN-ROYAL Standard, COIN-ROYAL Plus, COIN-ROYAL Gold, COIN-ROYAL Expert, and COIN-ROYAL Platinum) require different initial deposits and offer different amounts of leverage. For the Standard account, the Minimum deposit is $ 250. For the Royal Plus account the minimum deposit starts from $5,000, for Royal Gold $25,000, and for COIN-ROYAL Expert it is $100,00. The highest available leverage for more sophisticated accounts can be up to 1: 600.

Deposit & Withdrawal

We found that to be able to get any information about the deposit and withdrawal processes of COIN-ROYAL you should be a registered client and Broker does not show how withdrawals or deposits are performed in it open space, which is quite suspicious.

• Basides, based on our research, it is very difficult to withdraw your investments or profits. Most often, the broker delays the withdrawal process for months. The trickiest part is that after six months clients are not able to get chargeback anymore. This is one of the most common strategies of scam brokers that leads to the loss of the client’s funds.  

COIN-ROYAL Review Conclusion

Our advice to traders is to avoid offshore and unregulated brokers. However, it is worth noting that not all offshore brokers are fraudulent. Nonetheless, the safety of funds is of utmost importance in Forex trading, and therefore, we recommend seeking out well-regulated and trustworthy brokers.

Our investigation revealed that COIN-ROYAL, along with many other offshore brokers, provides enticing offerings that may attract traders. Nonetheless, for added security, it is advisable to opt for brokers that have licenses from the UK’s FCA or Australian ASIC and register with reputable brokers such as AvaTrade, Interactive Brokers, and HFM.

• Overall ranking and experience for COIN-ROYAL is Negative

COIN-ROYAL Update

We discovered that the COIN-ROYAL website is unavailable. It is unclear whether the broker changed its name, or is gone altogether. Since money safety goes first, we recommend avoiding any proposals from COIN-ROYAL and staying alert in case of any proposals. 

Is Alpha Trading Hub Scam or Legit Broker?

No, it is not safe to trade with Alpha Trading Hub. The broker does not hold a serious license from a world-known financial authority. Instead, it is authorized by the MWALI INTERNATIONAL SERVICES AUTHORITY with license number T2023165 registered in P.B. 1257 Bonovo Road, Fomboni, Comoros, KM.

• It is a well-known fact, that unregulated or offshore brokers are unreliable for investments. Often, such brokers turn out to be financial spam. To ensure the safety of your funds, traders should only choose regulated brokers with FCA, CySEC, or ASIC licenses.

What is Alpha Trading Hub?

On its website Alpha Trading Hub states to be a leading global online trading provider, offering trading in Forex and CFDs, indices, precious metals, energies, and cryptocurrencies. The broker was founded back in 2015. Although it boasts about its regulated nature, we were able to reveal some interesting facts, that prove otherwise.

• According to the website, Alpha Trading Hub is located on the 2nd Floor Beaumont House, 1b Lambton Road, London, England, SW20 0LW. However, all the brokers in England should be regulated by the local financial authority – FCA. Yet, this is not the case with Alpha Trading Hub, as it is authorized by the MWALI INTERNATIONAL SERVICES AUTHORITY (license number T2023165).
• Also, Alpha Trading Hub mentions that it does not accept clients from the USA, Canada, Japan, Australia, Cuba, Afghanistan, Malaysia, North Korea, South Sudan, Thailand, and other restricted countries.
• It goes without saying that unregulated or offshore brokers are not reliable for investments. Based on our research and experience, offshore and unregulated brokers are short-lived. They operate for several years, gather clients, and then disappear with the funds accumulated.
• Although not all offshore brokers are scams, avoiding them and choosing trustworthy brokers with tight regulations and compensation schemes is still wiser.

Overall Alpha Trading Hub Ranking

During our research we were able to reveal safety and regulations issues regarding Alpha Trading Hub, thus we do not rank positively Alpha Trading Hub, based on our Expert Opinion with over 10 Years of experience in Forex Trading due to its lack of regulation and many negative reviews from traders.  

• Alpha Trading Hub Overall Ranking is 3 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

Alpha Trading Hub Alternative Brokers

Taking into account our findings of Alpha Trading Hub reliability and safety issues, here are much better Alternatives to Alpha Trading Hub with tight regulations and favorable conditions. We select Good Brokers and reliable options for your comparison below:   

• FP Markets – Powerful trading technology and ECN environment
• InteractiveBrokers – Good for Trading Real Stocks
• XM – Wide Range of Trading Opportunities

Account Types

Alpha Trading Hub offers its clients three main account options: Standard, VIP 1, and VIP 2. With Standard accounts the minimum deposit is $500. For VIP 2 account type the initial deposit is $5,000,  and $20,000 for VIP 2. The available leverage for all the account types is up to 1:500. Spreads for Standard accounts are on the higher side - Floating spreads from 1.4 pips. For VIP 1 and VIP 2, spreads are lower than the market average starting from 0.1 pips. 

• Alpha Trading Hub also offers Demo accounts that are especially good for beginner traders. 

Deposits and Withdrawals

Alpha Trading Hub offers various funding methods to choose from: bank wire, credit card, wire, CRYPTO, etc.

• Some of the funding methods may incur additional charges.  Alpha Trading Hub does not cover any exchange rates charged if traders are depositing in a currency that is different from that of their bank funds.
• The broker accepts the following Currencies: USD, EUR, GBP, THB, IDR, and VND.
• As to withdrawals, traders simply need to log in to the client office, select the trading account and enter their desired amount of withdrawal. If the nominated bank is in a different currency than the trader's trading account, the Bank converts the amount.
• However, there are many negative reviews from traders, especially regarding the withdrawal process. Many traders state that the company simply denies withdrawals.  

Alpha Trading Hub Review Conclusion

We found that Alpha Trading Hub is not a reliable broker. The broker is located in England, yet it is not regulated by the local regulatory body. Although Alpha Trading Hub positions itself as a good broker with attractive and favorable offerings, it is not reliable in regard to its regulations and safety. Most often, unregulated or offshore brokers are spam. We strongly recommend choosing brokers with UK’s FCA or Australian ASIC and signing in with reliable brokers such as Tickmill, FP Markets, and HFM.

• Overall ranking and experience for Alpha Trading Hub is Negative

Alpha Trading Hub Update

We discovered that the Alpha Trading Hub website is unavailable. It is unclear whether the broker changed its name, or is gone altogether. Since money safety goes first, we recommend avoiding any proposals from Alpha Trading Hub and staying alert in case of any proposals. 

Is Kato Prime Scam or Legit Broker?

No, it is not safe to trade with Kato Prime. The broker is registered in offshore zone New Horizon Building, Ground Floor, 3 1/2 Miles Philip S.W. Goldson Highway, Belize City, Belize, with the IFSC: 000392/228 registration number. However, Belize is an offshore zone and brokers with a Belize license are not safe and trustworthy enough. 

• The Belize license fee is relatively low compared to top-tier authorities, and getting one is quite easy. Besides, the regulatory body does not set many requirements before the financial firms. Thus, signing in with a broker holding only a Beize license is not safe. Very often offshore brokers turn out to be scams, which puts the traders' investments at risk. Read more about why to avoid IFSC brokers from Belize.

What is Kato Prime?

Kato Prime login provides access to trade Stocks, Indices, Commodities, Cryptocurrencies, and Foreign Exchange. The broker is registered in Belize. However, Belize is an offshore zone, and signing in with the broker might put the trader's investments at risk. 

• In general, brokers registered in offshore zones such as Belize are not reliable. Although the authority has developed certain rules and requirements to oversee the companies registered in the zone, they are still quite lax in comparison with world-known authorities. Usually, offshore brokers still manage to run investment spam. 
• The other red flag with Kato Prime is its withdrawal issues. There are many negative reviews from traders in this respect. In many instances, traders are not able to withdraw their profits or investments. 
• If engaging in Forex Trading, then only with a safe broker with tight regulations. It is wise to choose brokers with FCA or CySEC licenses. These authorities have very strong rules and guidelines. Getting a license with them requires stable capital and registration fee is rather high. Yet, they provide compensation and negative balance protection. For instance, FCA provides up to £85 000. 

Overall Kato Prime Ranking

Based on the revelations we were able to come up with regarding Kato Prime safety and regulations issues, we do not rank positively Kato Prime, based on our Expert Opinion with over 10 Years of experience in Forex Trading due to its lack of regulation and many negative reviews from traders.  

• Kato Prime Overall Ranking is 3 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

Kato Prime Alternative Brokers

Taking into account our findings of Kato Prime reliability and safety issues, here are much better Alternatives to Kato Prime with tight regulations and favorable conditions. We select Good Brokers and reliable options for your comparison below:   

• AvaTrade – Good Instruments and CopyTrading
• Pepperstone – Low Spreads and Competitive Trading Conditions
• XM – Wide Range of Trading Opportunities

Account Types

Kato Prime offers its clients several account options: Advanced Account MT4, Raw Premium Account MT5, and Platinium Account MT5. With the Advanced option, the minimum deposit starts from $15, $50 for Raw Premium, and $3,000 for Platinium Account respectively. Kato Prime also offers a Demo account. It is especially a favorable chance for beginner traders, enabling them to practice trading before starting real trades and investing real money. 

• By signing with Kato Prime traders gain access either to MT4 or MT5  platforms, which are the most demanded platforms in Forex trading. 

Deposits and Withdrawals

With Kato Prime, it is possible to fund the accounts via Credit/Debit cards and Wire transfers. The minimum deposit with the broker is $15. However, there are numerous complaints from traders regarding its deposits and withdrawals. 

• Besides, the broker does not specify any rules and steps regarding the withdrawal process. This is a big drawback, as withdrawal of the funds is an important moment in Forex trading, and if there are problems with the process clients are at risk of losing their profits and investments. 

Kato Prime Review Conclusion

We found that Kato Prime is not a reliable broker as it has only a Belize license, which is an offshore zone. The offerings of the broker might seem attractive and favorable, however, offshore brokers are not reliable. Most often, unregulated or offshore brokers are spam. We strongly recommend choosing brokers with UK’s FCA or Australian ASIC and signing in with reliable brokers such as Tickmill, Interactive Brokers, and HFM.

• Overall ranking and experience for Kato Prime is Negative