| General Information | |
|---|---|
| Broker Name: | RoyalStox |
| Broker Type: | Forex, stocks |
| Country: | UK |
| Operating since year: | - |
| Regulation: | - |
| Address: | 3 New St Square, Holborn, London EC4a 3BF, UK |
| Broker status: | Active |
| Customer Service | |
| Phone: | +442038851407 |
| Email: | support@RoyalStox.com |
| Languages: | - |
| Availability: | - |
| Trading | |
| Trading platforms: | - |
| Demo account: | - |
| Mobile trading: | yes |
| Web-based trading: | - |
| Bonuses: | - |
| Other trading instruments: | - |
| Account | |
| Minimum deposit ($): | - |
| Maximal leverage: | - |
| Spread: | - |
| Scalping allowed: | - |
RoyalStox Review Content:
RoyalStox is an offshore broker that passes itself as a UK based firm. They have lazily attached the word “Royal” to its name and put a picture of the Queen on their website, to insinuate some connection to the United Kingdom. However, this is false, they operate as an offshore broker. This is of course the modus operandi of many scam brokers and RoyalStox seems to be one of them.
On the front page of the website, it is stated that RoyalStox’s operates under Marom Partners LTD., which is registered in Saint Vincent and the Grenadines. However, this name does not get mentioned in any of the legal documentation anywhere else on the website. After doing some research, we have failed to find a company registered under this name altogether.
As a rule, it is not recommended to trust any broker that is unregulated by officially authorized organizations, such as the Cyprus Securities and Exchange Commission or the Financial Conduct Authority. Furthermore, it is doubly unadvisable to trust such firms that operate from St. Vincent and the Grenadines, as it is considered a safe haven’t to scam brokerages.
RoyalStox has 6 account types. These seem to be like any you might find on legitimate brokerage sites. The accounts have the following benefits:
MICRO ACCOUNT – $250 – $4999
STANDARD ACCOUNT – $5,000 to $24,999
PLATINUM ACCOUNT – $25,000 to $49,999
PREMIUM ACCOUNT – $50,000 to $99,999
VIP ACCOUNT – 100,000$ to 249,999$
BUSINESS ACCOUNT – 250,000$ to 500,000$
Though at this point, this information seems almost moot, as it is obvious that all of the above information is fabricated to draw in novice traders with a promise of easy entry into the market and a clear progression route.
RoyalStox, does an admirable job in passing off as a legitimate brokerage firm at first glance on their website. However, as soon as you start digging deeper, their gambit starts to become obvious pretty quickly. To confirm our theory, we went to other review websites, where we found that almost all reviews had a similar ring to them.
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