COIN-ROYAL Review

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