Royalcbank.com Review Is Royal C Bank A Scam

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Royal C Bank Review

Is Royal C Bank a Scam or Legit?

RoyalCBank Review

Trade in the Market of Your Choice With RoyalCBank

Statistics show that trading has become a popular career choice because of the benefits it has to offer. Not only can you be your own boss and have the flexibility you want, you also get the chance to earn a considerable return on your investment. But, in order to get started in this world, you have to have a trading platform from where you can conduct trades.

RoyalCBank was launched last year, which makes it a relatively new platform, it has still become the top choice of thousands of traders. Why is this so? Royal C Bank operates on a global scale and provides traders with excellent trading services as well as educational programs.

Through this platform, both amateur and skilled traders can enhance their knowledge of different trading markets such as cryptocurrencies, foreign exchange, stock and commodities. RoyalCBank has made use of proprietary software to provide its clients access to global financial markets through which they can trade precious metals, futures contracts, equity indices, forex and cryptocurrency.

The use of this trading software ensures that traders who choose Royal C Bank are able to conduct their transactions through laptops, smartphones, desktop computers and tablets. It is compatible with all these devices and their respective OS.

When you want to start trading at RoyalCBank, you will have the option of choosing between different account types such as Islamic, demo, ECN capabilities and standard spread. The only hesitation traders face is due to the fact that Royal C Bank is a new trading platform and this can make it tough to trust. However, the benefits the platforms has to offer outweigh this issue and this has played a vital role in its worldwide acceptance.

When traders choose to use RoyalCBankk, they are able to enjoy a high leverage ratio and avail the perks of the proprietary trading platform. Moreover, you can also gain access to universal accounts that offer low transaction fees, spreads and also encourage transparency and fair trading.

Security is also a priority for RoyalCBank due to which they have implemented the latest 256-bbit SSL technology for encrypting all data and information provided by the traders. Their customer service is also spectacular, but that’s not all. There is lots more that this trading platform has to offer to its users and some of these important features are highlighted below:

  • Availability of platforms

Royal C Bank is dedicated to providing its users with the best possible options in the trading world. This is why they have opted to also use the well-recognized easy-to-use MetaTrader4 product line. Some of the products that are part of this line include Android Trader, MT4 iPhone, MetaTrader4, MT4 Mac OS, iPad Trader and MT4 multi-terminal.

Thanks to this variety, all traders require is access to the internet and they can conduct transactions, regardless of time or location. There are ECN accounts at RoyalCBank that can be used by professional and institutional traders who are looking for high throughput and all this is available at tighter speeds and low charges. Mirror Trader also gives access to further options.

  • High leverage options

Another aspect in which RoyalCBank stands out amongst other trading platforms is that it caters to every trading style. They are offering both levels i.e. 1:100 and 1:200. But, it is compulsory for traders to understand that these ratios can also result in losses so risks should only be taken after evaluating each and every aspect.

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  • Customer support

The customer service department at Royal C Bank is a superb one because the trading platform has hired a team of well-versed and skilled employees. Their job is to put in lots of effort in ensuring that the thousands of traders using their platform are able to have a seamless trading experience.

Traders who are still trying to make up their mind about RoyalCBank will be pleased to know that in the short time it has been operational, the customer service team of the platform has already gotten awards. In addition, as the platform is aiming at traders all over the globe, it is offering support in a horde of languages such as Arabic, Chinese, Urdu as well as English. Their team can be reached 24/7 via email, live chat and phone too.

  • Payment and withdrawal options

Another way this trading platform has made it convenient for people to begin trading in numerous markets is by supporting popular payment and withdrawal methods. For making deposits, all standard methods are offered such as bank wire transfers, use of credit and debit cards and also local payment providers.

Moving funds is easy through all these methods as they are widely used. In terms of withdrawal as well, the platform has tried to make the process quick and if delays are expected, traders are informed promptly.

However, traders should know that their transactions will only go smoothly if they have complied with the requirements of Royal C Bank.

At the time of registration, they need to submit some important documents such as proof of ID and address to authenticate their details and speed up the verification process. As long as their account is verified, they don’t have to deal with any delays.

A prominent feature of Royal C Bank that has gained it a lot of appreciation from traders is its strong privacy and security policy. They have provided all details on their website, which include information about the security measures and encryption systems that are in use.

The purpose is to make certain that all transactions are conducted safely and securely. Since secure protocols are used for monitoring all transactions, there is a very little chance that accounts can be compromised, unless the traders decide to hand over their information themselves.

  • Beginner support

Last, but not the least, RoyalCBank is also an excellent choice for new traders because it has provided extensive educational materials and programs on the platform.

The content can be immensely useful for those who are just beginning their trading journey and even experienced traders can learn new strategies and tactics through the videos and ebooks provided at RoyalCBank.

Royalcbank.com Review: Is Royal C Bank A Scam?

Royal C Bank Review: this is the name of a Forex broker that is run by a Bulgaria based company. Is Royal C Bank a legit or scam broker?

We find many red flags concerning this broker that gives serious doubt regarding it legitimacy. The first is that the website, Royalcbank.com blocks Google from giving information on it. Although it comes up in searches, it is not accessible for now.

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Also, like we stated above, it is located in Sofia, Bulgaria. The company name is Maraya Capital LTD and yet, Royal C Bank claims to be regulated by FCA and MiFid.

Its page is rather looking less likely to be legit because many of the needed corporate details are missing. These details are what we look out for in a standard broker.

Royal C Bank Trading Platform

The trading platform that this broker offers to traders is not mentioned. We do not find this encouraging.

This is because legit brokers are known to offer at least the popular MetaTrader 4 trading platform.

This platform is a very good sign along with MT5, as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.

Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.

Trading instruments offered to traders are not also listed, another discouraging discovery that is uncommon among top Forex brokers.

Leverages offered on the various account types are missing along with their spreads. This further compounds our disappointment.
Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on Royal C Bank

From the website, we find that this broker basically only allows transactions via credit and debit cards. Again this is a disadvantage to them.

This is because standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on.

A minimum deposit of $250 is required to trade with Royal C Bank, this looks like the only good thing about the broker. The minimum is within the obtainable average among brokers. Nothing is said about withdrawal charges and fees.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is Royal C Bank Licensed?

No. The broker falsely claims to be licensed by FCA and this is not true. Instead we find that it mentions the ‘Financial Commission’ that is found to have published a release on this. At FinancialCommission.org we find that Royal C Bank has been added as one of its members in July 2020. However, this website is a scam and not the legit one belonging to the FCA.

Asks Clients To Install AnyDesk

Like we have pointed out several times, the AnyDesk application can grant access to your computer from another one. Any broker that asks you to do this is trying to get illegitimate access to your device and should be avoided. Royal C Bank asks clients to install AnyDesk.

Support

To contact this broker, you can send an email to [email protected]

Conclusion

This broker does not allow payment via e-wallets as they require some degree of legitimacy. Royal C Bank holds no license and tries to give misleading information on that. Trading conditions are hidden and shows lack of transparency.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

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