This Broker is Out of Business! – Another Busted Scam…
Royal Markets Online was an unlicensed binary options broker that opened in 2017 owned by Global View Ltd.
They are located at Suite 305, Griffith Corporate CentreSuite PO Box 1510, Beachmont, Kingstown, Saint Vincent and the Grenadines. Contact phone number in United Kingdom is: +44 208 068 0923, and their email address is: [email protected].
Royal Markets Review
Our review of Royal Markets finds that they are offering the new Panda binary options trading software. This trading platform has all Major Currency pairs as well as minor crosses. There is a large selection of Commodities, Indices, Stocks, Futures and Bitcoin for trading.
Six types of binary options are available: Digital Options, Range Options, Touch Options, Turbo Options, One Touch and Advanced Binary Options, with returns / payout ranging from 60% – 80%. Expiry times for options are from 30 seconds, all the way out as far as four months. Royal Markets’ trading platform is available in English, German, Spanish, Italian and Portuguese.
Bonus Money
Before accepting any bonus cash from a broker it is important to understand the bonus terms and conditions.
Unless stated otherwise in the terms of the offer, a precondition for making withdrawals after accepting a deposit bonus is to trade a volume of 30 times the amount of the bonus.
The majority of complaints that traders have about brokers comes from withdrawal problems because the investors didn’t understand the way bonuses work. You can read more about complaints here.
Royal Markets Regulations
Warning from ASIC Australia
“ASIC urges all investors considering trading in binary options to check they are dealing with an entity that holds an Australian financial services licence.”
Scam Broker Investigator reviews hundreds of binary option brokers to see if they are scam brokers or legitimate brokers. The way we review a broker is by checking to see if CySEC in Europe or ASIC in Australia gave this broker a licensed. You can see all the licensed brokers listed here.
Royal Markets does not have a license.
Clearing and billing services for Royal Markets is operated by: Global View International Services Ltd, 272 Bath Street, Glasgow, G2 4JR, United Kingdom.
Compare Royal Markets
Smart investors often get overwhelmed with the choice of brokers available as there are hundreds of binary options brokers online today.
If you are already a client of Royal Markets, please share your experience trading there, in the comments section below.