| 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: | [email protected] |
| 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:
- General Information/Regulations and Licensing
- Account Types
- Conclusion
RoyalStox Review
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.
In addition, the broker doesn’t seem to hold any certificates, nor is it regulated by any official organization. all of this in combination is a sure sign that the broker is a scam.
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.
Account Types
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
- 24/5 Support
- Dedicated Account Manager
- Partial Academy Access
- Access To All Trading Platforms
- One On One Trading Session
- WD in 5 Working Days
- Minimum Trade Volume 0.01 Lots
- Leverage Up To 1:350
- Spreads On Majors – Fixed
- Access To Account Manager Services
STANDARD ACCOUNT – $5,000 to $24,999
- 24/5 Support
- Dedicated Account Manager Up To 2 Weeks
- Partial Academy Access
- Access To All Trading Platforms
- Introduction Session
- WD in 7 Working Days
- Minimum Trade Volume 0.01 Lots
- Leverage Up To 1:200
- Spreads On Majors – Fixed
PLATINUM ACCOUNT – $25,000 to $49,999
- 24/5 Support
- Dedicated Account Manager Up To 2 Weeks
- Partial Academy Access
- Access To All Trading Platforms
- Introduction Session
- WD in 7 Working Days
- Minimum Trade Volume 0.01 Lots
- Leverage Up To 1:100
- Spreads On Majors – Fixed
- Spreads On Majors – Fixed / Variable
PREMIUM ACCOUNT – $50,000 to $99,999
- 24/5 Support
- Dedicated Account Manager
- Full Academy Access
- Access To All Trading Platforms
- One On One Trading Session
- WD Immediate
- Minimum Trade Volume 0.01 Lots
- Leverage Up To 1:500
- Access To Account Manager Services
- Spreads On Majors – Fixed / Variable Premium Spreads
VIP ACCOUNT – 100,000$ to 249,999$
- 24/5 Support
- Dedicated Account Manager
- Full Academy Access
- Access To All Trading Platforms
- One On One Trading Session
- WD Immediate
- Access To Account Manager Services
- Minimum Trade Volume 0.01 Lots
- Leverage Up To 1:750
- Spreads On Majors – Fixed / Variable Premium Spreads
- Debit CC that is connected directly to your trading account
BUSINESS ACCOUNT – 250,000$ to 500,000$
- 24/5 Support
- Dedicated Account Manager
- Full Academy Access
- Access To All Trading Platforms
- One On One Trading Session
- WD Immediate
- Access To Account Manager Services
- Minimum Trade Volume 0.01 Lots
- Leverage Up To 1:1000
- Spreads On Majors – Fixed / Variable Premium Spreads
- Debit CC that is connected directly to your trading account
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 Review: Conclusion
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.
Scammers
Notorious scammers. Avoid dealing with them.
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Not recommended
Very difficult to request for withdrawals. Not recommended.
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Do not invest
Do not invest with this broker company. They are very unprofessional when it comes to withdrawals.
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Unpleasant customer service
Very unpleasant customer service. They are bad mannered and are very unhelpful.
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Worst broker service
The worst broker service, I have ever worked with. Signals are always against the market.
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Not recommended
Very difficult to request for withdrawals. Not recommended.
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Not recommended
Very difficult to request for withdrawals. Not recommended.
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Not worth trading with
They are good in convincing people to add more money. But not really worth trading with.
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Expensive
Very expensive trading. But I never got anything in return.
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Not recommended
Very difficult to request for withdrawals. Not recommended.
Did you find this review helpful? Yes No