Royal C Bank is an offshore Crypto and Forex CFD Broker, that opened in July 2019. Like all unregulated brokers, they are no longer in business.
They are now owned and operated by: Axent Sigma Ltd, located at: Cnr Old and Church Street, P.O. Box 2290, Roseau, Commonwealth of Dominica. The contact phone number in United Kingdom is: +442037695038, and contact email address is: [email protected]. Official website is at: https://www.royalcbank.com/.
For complaints and withdrawal problems, read this.
Royal C Bank Detailed Review
Our in depth review of the broker called Royal C Bank shows, that the trading software they offer investors is from Airsoft. It is a simple web-based CFD trading platform, and you not be able to use the industry standard MetaTrader4 or a mobile trading app. If you look at the screenshot below, you will see what their web-based trading platform looks like. Over 200 underlying assets are available for CFD trading including; Shares, Crypto Currency, Forex Pairs, Stocks, Commodities and Market Indexes.
RoyalCBank’s website and trading platform is only available in English, as they seem to be targeting investors in England. New investors are required to deposit a minimum of $250 to start trading.
Algorithm trading apps like Tesler App, advertise with Fake News articles and illegally use the images of known celebrities and actors. Before falling victim of one of those get rich quick scams, read this article.
Is Royal C Bank a Regulated Broker?
No, Royal C Bank is not a licensed broker. The former owner of this broker was, Maraya Capital Ltd Eood, Mayor Yuriy Gagarin Street, 141113 Sofia, Yugozapaden, Bulgaria.
Scam Broker Investigator uses a simple method to determine if a Forex broker is legitimate or a scam broker. We look to see if the broker is licensed and regulated by anyone of these regulators; FSCA South Africa, FCA United Kingdom or ASIC Australia.
Royal C Bank was a member of the Financial Commission, which is supposed to be an external dispute resolution company, see here. Complaints and withdrawal issues you can read about here.
Australia ASIC Warning
“ASIC urges all investors considering trading in Forex to check they are dealing with an entity that holds an Australian financial services licence.”
You can find the most popular online brokers that are licensed and regulated listed here.
Compare Online Brokers
There are many good Crypto and Forex CFD brokers to choose from online, therefore, you should first look at the best brokers.
ForTrade is currently the most popular broker for new investors in CFDs. They are regulated by ASIC and the FCA, look here. Try a Free Demo of their award winning trading platform, signup here.
Are you already invested with this broker? Please share your investing experience, with new investors reading this review.