Is RoyalStern Legit or a Scam?
No, RoyalStern is not a legitimate broker. According to their claim, they have registration from two countries, but could not show any details or proof for that claim. A company with false regulation information, cannot be a legitimate broker.
What is RoyalStern?
RoyalStern presents itself as a brokerage firm offering a range of financial services, including trading in various assets such as Forex, Commodities, Shares, Indices, and Crypto. However, as we dig deeper, concerns begin to surface about the credibility of this platform.
RoyalStern Details
Before entrusting your funds to any broker, it’s crucial to scrutinize the details. Here’s a closer look at RoyalStern:
cover in this RoyalStern review if we can trust this firm or not.
Regulated By: | No Regulations |
Is This Company Safe? | No |
Known Websites: | Royalstern.com |
Have Warnings From: | N/A |
Registered In: | UK / Switzerland (allegedly) |
Operating Since: | 2005 |
Trading Platforms: | Proprietary auto-trading software |
Maximum Leverage: | N/A |
Minimum Deposit: | $3000 |
Deposit Bonus: | N/A |
Trading Assets: | Forex, Commodities, Shares, Indices, Crypto |
Free Demo Account: | Not Available |
How To Withdraw From This Company? | Their payout system is questionable due to their suspicious regulations. Contact us if any withdrawal issues happen to you. |
Deposits and Withdrawals
One of the primary aspects that traders evaluate is the ease of deposits and withdrawals. In the case of RoyalStern, numerous complaints have emerged regarding delayed withdrawals and unexpected fees. Traders report frustration when attempting to access their funds, pointing to a potential red flag.
Account Types
They offer a total of 6 types of accounts.
Red Flags and Warning Signs
Everything becomes easy when you see a company that claims to be registered in the United Kingdom. To find out if they are legitimate, all you need to do is search the FCA database. The RoyalStern business isn’t. They are also not on the Swiss national registry, FINMA. Furthermore, the business states that it has been operating since 2005. However, according to who.is research, their domain was registered in September 2023.
Customer Complaints and Negative Reviews
Traders who have crossed paths with RoyalStern express dissatisfaction and frustration with the platform. Common complaints include:
- Withdrawal Issues: Numerous traders report difficulties in withdrawing their funds from RoyalStern. Delays, unexpected fees, and, in some cases, complete denial of withdrawals contribute to a growing list of grievances.
- Unresponsive Customer Support: Traders encountering issues often find it challenging to get in touch with RoyalStern’s customer support. The lack of timely and effective assistance exacerbates the problems faced by users.
- Misleading Information: Some traders highlight instances of receiving misleading information from RoyalStern representatives. This could involve false promises of high returns or inaccurate descriptions of the risks associated with certain trades.
RoyalStern Alternative Brokers
For traders seeking a reliable alternative to RoyalStern, several well-regulated brokers exist in the market. Some reputable names include:
- OctaFX
- IG
- FX Pro
Exploring these alternatives ensures a safer trading environment and minimizes the risk of falling victim to potential scams.
Got Scammed by RoyalStern? We Help Victims!
If you’ve fallen prey to the RoyalStern scam, it’s crucial to take action promptly. Reporting the incident to financial authorities, such as regulatory bodies, can aid in the investigation and potentially prevent further harm to others. Additionally, you can contact us for a quick consultation. Our professionals will give you free consultation and recovery service recommendations to help you in recovering the lost funds.
In conclusion, the numerous red flags, negative reviews, and unregulated status of RoyalStern Capital raise significant concerns about its legitimacy. Traders should exercise caution and consider alternative, well-regulated brokers to ensure a secure and reliable trading experience.
