Top 3 Forex Brokers
Beware Royal GTX is a Non-Regulated broker. It is NOT SAFE to trade.
- Our Review
- Royal GTX User Reviews
- Royal GTX News
Is Royal GTX Scam or Legit Broker?
No, it is not safe to trade with Royal GTX as it is not regulated. The broker does not provide any regulatory information, the company behind its name or contact details. That’s when it comes to transparency. Regulated companies keep all the information open to their clients as it is required by the law. Obviously, Royal GTX has no regulation and no authority to report to.
About Royal GTX
| 🗺️ Registered in | No registration |
| 🗺️ Type of License | No License |
| 🛡️ Is Royal GTX safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | GO Markets - licensed by ASIC in Australia |
What is Royal GTX?
Royal GTX was founded in 2010 and claims to be an international online trading leader, bringing closer to traders all the opportunities of financial markets. The broker provides full and free access to the MT4 platform. They specialize in leveraged Forex trading, offering every market FX, indices, commodities, shares, and cryptocurrencies.
- According to the terms and conditions of the website, Royal GTX falls under the regulation of Estonian Governing Authorities. However, we couldn’t find any mentions of this broker in the register of the Estonian local regulator.
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Moreover, the UK’s Financial Conduct Authority has warned against Royal GTX:
“Almost all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized by us. This firm is not authorized by us and is targeting people in the UK. Based upon information we hold, we believe it is carrying on regulated activities which require authorization.”
- The pages and official sources of the international regulators' list alert are shared with the authority directly or by other countries' supervisory bodies or transmitted centrally. Those tools and the general purpose of the regulatory bodies operate in order to enable stability of the market offerings, protect clients from potential and numerous frauds, enable reliability rules to financial service entities, and more. As Royal GTX got no license to operate within the EU and other regulated jurisdictions, the broker was blacklisted and alerted by the EU authority.
Royal GTX Review Conclusion
We advise all investors and traders to avoid Royal GTX 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 such as UK brokers or brokers in Australia and reliable brokers such as Alpari and XM.
Royal GTX Update
Recently the Royal GTX website remains inactive, meaning the broker has muted its trading offering and does not propose account openings. However, we still advise the traders to be alert and careful, in case they receive trading proposals.
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Stay away from Royal GTX. Firstly, when your broker calls the numbers are registered from different countries. My so called brokers name was Daniel Chambers and John Hunter from finance, probably not their real names. I gave the broker €250 and then again €2500, he would call me and guide me through the process in a friendly manner. They showed me high profits, but when the time came to withdraw the profits I was asked for €5000 to match the liquidity requirements, apparently my profits were too high for payouts. Daniel Chambers then called again and requested €500 to process everything for payout, I did not hear from him for 2 weeks after the last correspondence. I was called thereafter again to make another deposit of €500 as my last payment can’t be detected. All a bunch of crap. In conclusion, please please please do not fall victim to these scammers.
They’re definitely Scammer which never pay back Investments. They betrayed me and took a big amount from my bank account which i blocked. Do stay away from them if you not want to lose your money.
Not a good broker to deal with. They will collect money and will let you lose.
These people have no mercy, they will call until you deposit your money.
Don’t upload any of your ID with them, they can use your personal information for criminal activities.
I made my $250 deposit with them, they ask me to give it a try to test out their service and skills, they said they are fully regulated, at first it looks good when they show you they made a profit and will ask you to deposit more money, some people will fall for it, but for me I want to test them out to see what their reaction is like before putting in more money. I was surprised how quickly they start screaming and yelling, putting all sort of blames on me, stuff I don’t get what they are talking about. They told me due to the money laundering policy, I must deposit equal amount of balance into my bank account or crypto wallet as my trading account to enable withdraw, the two account need to be linked as well. May be is another process where they will attempt to withdraw more money from my personal account, so I told them I don’t have much money to match up because I was never informed about the process. They told me, if I can’t match the balance and link the account, I can’t withdraw money from my trading account… that’s when I know I am dealing with scammers.
Worst forex trading company, I got nothing but losses.
royalgtx.com
This company is a bad broker company. They will never give your profit.
Bad people. They scam and stole money. Start it with a simple phone cam so beware.
Do not deal with these people, they are scammers and have victimized so many people including me.
Warning to everyone, do not invest here. There is really no investments, trading or whatsoever. They are fake.
They are scammers, please stay away from this company. The suddenly freeze my account accusing me of violation which I am unaware of. They told me such violation may cause them to forfeit all my proceeds and even freeze my funds. From that day on I am unable to contact them and can not get any money back.
I am writing in connection to my missing withdrawal. I had a battle with this company over a missing withdrawal. They insist that they’ve already processed it but I did not receive any thing. I even went to the bank to complain as they said I have to check with my bank but the bank said there is no pending transaction which clearly means the fault is from their side.I keep on calling and sending them message but I get no resolution. They insist that it has already been done. I guess it is their way of cheating.
They are a scam. They pretend to be brokers and “help” you with trading sessions everyday calling you via whatsapp or Skype and being very friendly. They will ask you to invest more and more money that you won’t be able to withdraw… they have stolen from us 20000 pounds. Everyone needs to know it.
They did approach me more then 10tines very aggressive.
One time they offer me if put my account £200 they will put £50 he me laugh all he wants is my details .
I tel him not call me again .
But they never stop calling me but I ignore .
I am waring everyone be careful there are a lot of the dodgy trader and promise you big fat income and false information.
Same for me