StsRoyal is an offshore Forex and CFD broker.
StsRoyal is owned and operated by Capital Letter GbmH, P.O. Box 1405, Majuro, Marshall Islands, REG. No.: 100949. This is an offshore zone where forex brokers do not fall under any regulatory oversight. Official website is stsroyal.com.
Beware! StsRoyal is considered not safe, as it is not regulated by top-tier financial authorities, like the CySEC in Europe, UK FCA and the Australian ASIC.
StsRoyal Review
StsRoyal is a forex and CFD broker that offers investment on global Forex pairs, CFDs and cryptocurrency products like Bitcoin, Litecoin, Ripple, Monera, Bitcoin Cash, Digital Cash. There are up to 5 investments accounts to choose and deposit; INTRO, TRIAL, STANDARD, 3RD TRIER, CORPORATE. The Intro account requires $250 –$2,000 minimum deposit, Trial requires$2,000 –$10,000, Standard requires $10,000 –$25,000, 3rd Tier requires $25,000 –$50,000, Corporate requires $150,000 +.
Scam brokers often make claims such as “make $50 a day from a $250 investment” or “make 80% returns on profit signals” or “96% success rate.” These claims are a scam, regardless of whether they are being made for forex, CFDs, or binary options. Forex brokers should not promise returns at all, small or large.
Is StsRoyal Licensed?
Scam Expert Advisor checks forex brokers to see if they are scams or legit. The most important thing to safely trade is to only deal with entities holding licenses from reputable financial regulators like UK’s FCA, or Cyprus’ CySEC (in Europe).
StsRoyal is a trading name of a company called Capital Letter GbmH, registered offshore in Marshall Island.
Do not utilize the services of this broker because they don’t comply with a number of strict rules that give significant assurance for the security of the clients funds.
StsRoyal Popularity
At the time of writing this review, Sts Royal has a global popularity of 71,203 according to Similarweb. StsRoyal has a popularity of 30, 057 in Netherlands – which is a regulated zone.
StsRoyal is not authorized to render services in Netherlands or in any EU country.
Blacklisted By Several EU Watchdogs
Like we are warning you, StsRoyal is biting more than it can chew. We saw that the Belgium’s Financial Services and Markets Authority (FSMA) has blacklisted the broker, warning investors that it is not licensed by it and might be involved in cryptocurrency fraud. This is a major red flag that everyone one should see.
Broker Breakdown
Type: Forex Broker
Minimum deposit: $250
Licensed : Unlicensed (Fraud)
Blacklisted: FSMA and CONSOB
Pros: Wide investment assets
Cons: Unlicensed, Blacklisted, low ratings, Zero clarity on trading conditions.
Are Funds Safe with StsRoyal?
Sadly, most members have had a rough time trying to recover funds from this platform. Segregation of accounts is also another huge problem as no one knows who their depository partner is.
Since StsRoyal is not strictly monitored, the broker is pooling funds in one account which is extremely risky. Bankruptcy can occur at any time leaving the broker with no other option but to close the account.
StsRoyal Review Conclusion
StsRoyal is low credibility, offshore broker, which we can not recommend for obvious reasons – it is not regulated and it has been blacklisted severally, while operating in regulated jurisdictions. Once again, be sure to trade only with properly regulated brokers like the ones authorized by the FCA in the UK, CySEC in Cyprus and ASIC in Australia.
Best Forex Brokers to Choose
Another sure way of making money is with credible and dependable brokers, see here.
IQOption is a Forex, CFD and Binary Options broker that acquired their CySEC license back in 2014, look here. Minimum deposit is $10. Signup for a free testing service at iqoption.com
StsRoyal
Pros
- wide selection of assets
Cons
- Unlicensed (Fraud!)
- Blacklisted severally
- Poor trading insight
- Unproven trading platform