RoyalsFX claims to be an innovative online trading brokerage firm, providing traders from across the globe the possibility to trade and profit from the global financial markets. RoyalsFX was established by highly enthusiastic financial market veterans, committed to encouraging people worldwide to practice trading and investing independently while providing complete access to a vast number of top-class financial assets from all 4 major markets. The broker provides its clients with more than 1,000 top-class financial assets from 4 major markets and 3 trading instruments (CFDs, FX).

Is RoyalsFX a scam or legit broker?

It is not safe to trade with a Forex broker RoyalsFX, as it is an unregulated firm. The broker does not provide the company behind the brand’s name and claims to be located in Geneva, Switzerland. However, the terms and conditions on the website state that RoyalsFx is under the Estonian Governing laws. Despite all these claims, we were not able to find the proof of the broker’s regulation and there are no mentions of this firm in the register’s of the local regulators.

Moreover, the broker got blacklisted by one of the most reputable regulator the Financial Conduct Authority in the United Kingdom: 

“Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by us. This firm is not authorised by us and is targeting people in the UK. Based upon information we hold, we believe it is carrying on regulated activities which require authorisation.”

Considering all the facts above it is safe to say RoyalsFX is not regulated and has no legal rights to offer financial services. 

We advise all investors and traders to avoid RoyalsFX and other unregulated brokers. The lack of information (or false information) about the broker’s regulation, 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 Cyprus and reliable brokers such as FP Markets and Alpari.

You can also share your trading experience with RoyalsFX by commenting on this review.

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One response to “RoyalsFX”

  1. I made the mistake of handing over £1500 to this Company and their other Company it owns WisenexCo. All the money finished up with Royalsfx. The money did grow quite rapidly but not for my benefit as Daniel Huber would not allow me any withdrawals. He then froze my account. He did release it for a short while but I still could not withdraw my funds which are £6,000 now. I foolishly let him have access to my bank account when I insisted I wanted some money back. He said it was the quickest way. What he did was to remove £24,000 from my account. Nationwide replaced that £24000 and Huber claimed that he didn’t take it out. He was supposed to be allowing me withdrawal of all my funds but up to now he he has managed to avoid doing that. He still has my £1,500 and £4,500 of growth.

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