Against the backdrop of the development of the investment industry, a large number of brokers appear on the network today, which allow you to use various tools and markets for trading. However, there are many scammers among them. Under the guise of a reliable brokerage company, there is an ordinary scam that deceives people. Royal Gold FX, positioning itself as an investment platform, is certainly one of them. To verify this, let's analyze it in more detail.
Royal Gold FX General information
Broker's main website:
royalgoldfx.net
Get instructions on how to withdraw funds
Whois check:
Domain Age
Site analysis
The website doesn't look that bad. At the very least, these guys decided to move away from annoying blue shades and added orange and brown. Unfortunately, this is where it all ended, because there is little information and visualization. In fact, the site has only text that hastily added even with different rifts, and a few modest sections. It is not surprising that a specialized service estimated the site at 1 ruble.
Site rating
The portal contains the following pages:
- account types;
- investors;
- company;
- promo.
On the main page, unlike most of the projects considered on the site binarybets.ru, this office offers to immediately buy or sell cryptocurrency: ether, bitcoin, ripple. Then comes a brief information about the company and its advantages. There is a feedback form at the end.
A page with financial terminology has been created in the "For Investors" section, i.e. dictionary. Most likely, the office focuses more on beginners who have not yet figured out the field of investment.
It is important that the site is completely Russian-language. It cannot be translated into other languages; scammers target only residents of Russia and CIS countries.
Expertise of legal information, Royal Gold FX licenses
In general, everything is as usual with legal information: there are no adequate documents in the form of registration certificates or a license for the right to carry out financial activities from the Central Bank of the Russian Federation.
But, which is rare, there is a certificate of conformity from the Center for Regulation of Relations in Financial Markets. Attached is even a link to a website with a certificate. But the important point is that this organization does not have the authority of a regulator and is a private office, so it simply cannot guarantee investor protection in case of fraud. It is also important that this center on its website did not indicate the physical address, contact numbers and documents confirming the right to operate. To put it simply, these are scammers selling certificates for scammers.
Like many scam projects, among the supposedly legal documents there is a privacy policy, disclaimer, and other documents that are not created in favor of investors. For example, they say that the broker has the right to limit the minimum and maximum withdrawal amounts, as well as the number of withdrawal requests.
Another fact is not in favor of Royal Gold FX. The domain was created in August 2021 (see the very first screenshot). Although they claim on the site that they have been active since 2019. At the same time, the resource was updated in January 2022, it can be assumed that the guys are active. It is also curious that the certificate of the Center for Regulation of Relations in Financial Markets was issued in October 2021, although again this office has been allegedly operating since 2019. I wonder how they conducted their activities before that? The question is rhetorical.
The contact details of this deceitful broker are given in full: an address with an offshore residence in the Marshall Islands, two phones, an email and a feedback form. There are vague doubts that someone will answer if you start to write or call.
Features of the Royal Gold FX company. Tools and conditions for traders
Pseudo-broker Royal Gold FX considers itself a world-famous financial services provider (it's very interesting if the world knows about this). They offer clients an innovative platform to invest in 1,000 assets, including forex, stocks, indices and commodities. This financial holding was created by a group of investors, which the firm considers to be its highlight.
The office offers PAMM-accounts (transfer of funds to trust management) and regular types of accounts (independent trading). The first are divided into three tariff plans: Start, Basic, Standard. The minimum deposit varies from 250 to 10 thousand dollars. Among the usual accounts, there are Basic, Standard, Silver, Gold. Here, the minimum amount to start work starts at $250, and the maximum is $50,000.
Among its advantages, Royal Gold FX highlights fast transaction execution, fast support, a large set of tools, 100% data protection, no hidden fees.
The office also offers its customers two types of bonuses. The first is cashback, which allows you to return a percentage of the purchase price. The second is a referral program that allows you to return 50% from the amount of replenishment of each invited user and receive monthly income as a percentage of the referral's profit.
Real customer reviews of Royal Gold FX
There are a lot of negative comments about this office on the net. Everyone claims that it is impossible to withdraw money, but besides this, scammers exert psychological pressure. When users stop answering calls or do not invest, their account is immediately blocked.
If you have become a victim of the Royal Gold FX pseudo-broker, leave a comment under this article. This will help other investors save their money.
Royal Gold FX User Fraud Scheme
Royal Gold FX lures into its networks with the help of calls. By psychological methods of influence, they persuade customers to replenish their account. Then these guys, under various pretexts, try to lure as many funds as possible. If they understand that they will not be able to get more money, then they simply block the account.
Almost all deceived customers claim that the funds are drained almost immediately, in some cases the money does not come to the account even during the first replenishment. It is simply impossible to contact managers in any way.
Results
Royal Gold FX scammers skillfully deceive traders, luring them with attractive conditions and bonuses. These guys promise a good additional income, but in fact the money does not even reach the account at the first replenishment. The abundance of negative reviews confirm the fact that this is a scam. Moreover, almost all deceived traders claim that it is arrogance and rudeness on the part of Royal Gold FX managers.
There is no trust in these guys, starting with the lack of adequate legal documents, ending with a certificate of alleged regulation from an office that is not a financial regulator.
If you are caught in the network of the Royal Gold FX black broker, leave your mail in the form at the beginning of the article. We will send a detailed action plan for the return of funds free of charge.
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