RoyalStox is an unlicensed broker that is claiming to be a global leader in the trading industry. RoyalStox looks more like a trading service vendor than a broker, with offerings on trading signals, online courses, robo-advisors and more.
We’re concerned with the regulatory status of RoyalStox broker as they should have been, if they are truly based in United Kingdom. RoyalStox does not show evidence of regulation or compliance to any national body in the UK.
Therefore, even if they are offering good trading services, this does not substitute the place of their financial license. If you are still inclined with their offers, be sure to read the following headings.
The only thing that would seemingly attract traders to this Forex and CFD broker are their supposed trading services like robo-advisors and the option to choose a metatrader4 platform, which is the most popular trading platform offered by variety of brokers.
According to their website, traders can benefit from trading signals, online courses and robo-advisors.
It is still risky to trade with an unregulated broker no matter what. For that reason, we would not recommend this broker to act on our favorite tools.
RoyalStox also created on space for their so-called users reviews. Interesting as it may look, ascertaining the authenticity of these reviews can be a daunting task if not impossible.
It looks and feels like a fabricated testimonial copied from internet web pages, it will only take webmasters a few clicks to export these reviews from the original site to the RoyalStox website.
RoyalStox is not a legit broker, because they are not regulated, and does not help with any registration details in UK. And apart from not having a license whatsoever, there is no social proof of business, which makes RoyalStox completely anonymous.
With an unregulated broker, even worse, an anonymous website, you stand no chance to reach RoyalStox’s true owners in case you decide to bring a legal action against them, once you realize you have been scammed.
Expert advisors is the fore-front type of service that they advertise on their website.
However, the broker is not providing additional details such as the type of trading strategy that the robot is based on as well as verifiable results to ascertain that this robo advisor is the best Forex EA profitable. All they want is that traders should open account to learn more.
This lack of transparency is not acceptable as it’s the right of traders to read this information on the RoyalStox trading website and decide without having to open a trading account.
Address: ?United Kingdom
Minimum deposit: $250 (micro account)
Max leverage: Up to 1:1000 (Business account)
RoyalStox delivers up to 6 account types to clients, with the choice of dedicated account managers. Minimum deposit extends from $250 on the micro account all the way to a rediculous $250,000 deposit requirement on the business account. Leverages extends up to a maximum 1:1000, which is more than enough to accommodate the best Forex robots and services trading methods. However, it is not in your best interest to work with an unlicensed scam brokerage.
RoyalStox offers the choice of a webtrader and the MetaTrader4.
Although, details on their webtrader is missing, the Metatrader4 platform is an excellent trading terminal equipped with advanced trading features such as Expert Advisors, many complex indicators and sophisticated charting tools.
There is also a marketplace where clients can benefit from more than 10,000 apps and third-party trading solutions. MetaTrader is the best option on the market.
All in all, we find this broker to be very unreliable. It would be completely safe to avoid RoyalStox for now.