Although COIN-ROYAL claims to be regulated by the SVGFSA under registration number 26181 BC 2021 and provides a registered address in Saint Vincent and the Grenadines, the regulatory body has a poor reputation in the financial world due to its lax rules and conditions. This means that the necessary safety measures may not be provided.

• St Vincent is often an appealing choice for financial companies and other businesses that operate through offshore companies due to its easy setup requirements and simplified process. The jurisdiction does not necessarily require the firm to have an office in SVG, has low initial capital requirements, and does not have strict establishment rules or requirements. However, it is important to note that SVGFSA-registered brokers should be avoided for many valid reasons, and the most significant one is the safety of funds.
• Our recommendation to traders and investors is to only engage with well-regulated brokers that possess licenses from top-tier authorities, such as CySEC, FCA, ASIC, and other reputable regulatory bodies. This way, traders will be able to avoid any investment scams and unpleasant surprises. You can also read more reports from traders and investors about COIN-ROYAL here.