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Royal Fx Bank
Operating status: SCAM
Website: https://royalfxbank.com/
Broker violations and abnormal records
On December 18, 2023, the Cyprus Securities and Exchange Commission (CySEC) added Royal Fx Bank to its warning list, stating it does not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities. https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=12e1464d-4655-4384-a91e-5e4e43fb925a
On December 18, 2023, the Cyprus Securities and Exchange Commission (CySEC) added Royal Fx Bank to its warning list, stating it does not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities. https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=12e1464d-4655-4384-a91e-5e4e43fb925aWhile Royal Fx Bank keeps highlighting that it is a multi-regulated global broker, the reality suggests otherwise.
Royal Fx Bank claims to be operated by BANKS ASSOCIATES with an address in the UK. However, in the Companies House (CH), Banks Associates Limited is dissolved. What's more, the Financial Conduct Authority (FCA) doesn't have information associated this website and the company. Royal Fx Bank turns out to be an unlicensed trading platform.
In addition, the Cyprus Securities and Exchange Commission (CySEC) has flagged royalfxbank.com as an unlicensed investment website.
In essence, Royal Fx Bank is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.
Royal Fx Bank is a scam.
While Royal Fx Bank keeps highlighting that it is a multi-regulated global broker, the reality suggests otherwise.Royal Fx Bank claims to be operated by BANKS ASSOCIATES with an address in the UK. However, in the Companies House (CH), Banks Associates Limited is dissolved. What's more, the Financial Conduct Authority (FCA) doesn't have information associated this website and the company. Royal Fx Bank turns out to be an unlicensed trading platform.In addition, the Cyprus Securities and Exchange Commission (CySEC) has flagged royalfxbank.com as an unlicensed investment website.In essence, Royal Fx Bank is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Royal Fx Bank is a scam.On Feb 5, 2024, the Comisión Nacional del Mercado de Valores (CNMV) added Royal FX Bank to its warning list for unauthorized provision of financial services. https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=Royal%20FX%20Bank
On Feb 5, 2024, the Comisión Nacional del Mercado de Valores (CNMV) added Royal FX Bank to its warning list for unauthorized provision of financial services. https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&nombre=Royal%20FX%20BankBrokersView found that the domain "https://royalfxbank.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
BrokersView found that the domain "https://royalfxbank.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.
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