CFD Royal Review

Is CFD Royal Scam or Legit Broker?

According to our research, CFD Royal is a total scam. CFD Royal is owned and operated by Elit Property Vision LTD with a registered address in Sofia, Bulgaria. However, the broker is not authorized or regulated by the Financial Supervision Commission in Bulgaria or any other regulator.

• Forex and CFD brokers are required to have a license from the local financial authorities in order to offer and provide financial services. CFD Royal doesn’t carry such a license, so it cannot be considered a reliable broker to invest with.

What is CFD Royal?

As we kept our search about CFD Royal, we found a few shady things that definitely should be mentioned. The owner company Elit Property Vision LTD also owns other brokerages, such as CarterFS and RichmondFG. These companies have been blacklisted multiple times by different regulators, and this fact definitely doesn't put a lot of trust in CFD Royal.

• Another thing is that CFD Royal has previously been owned by United Limited, an offshore company based in the Marshall Islands. The Marshall Islands is notorious for its practically absent requirements and regulations. The setup cost is low and it does not regulate forex trading. And the last reason, why traders should avoid CFD Royal is that the company has been banned by the UK's Financial Conduct Authority:

"This firm (CFD Royal) is not authorized or registered by us but has been targeting people in the UK, claiming to be an authorized firm."

CFD Royal Review Conclusion

We advise all investors and traders to avoid CFD Royal and other unregulated brokers. The lack of information about the broker’s regulations, trading conditions, and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers (See the Top Forex Brokers List) such as UK brokers or brokers in Australia and reliable brokers such as BlackBull Markets and Pepperstone.

CFD Royal Update

Based on our research CFD Royal Website is inactive. It is unclear whether the broker has changed its name and operates another fraud Forex activity or is just gone. We recommend avoiding any proposals from CFD Royal and staying alert in case of any proposals.