Royal GTX Review

General Information

Broker Name: Royal GTX

Broker Type: Forex, indices, commodities, shares and cryptocurrencies.

Country: UK

Operating since year: 2010

Regulation: –

Address: –

Broker status: Active

 

Customer Service

Phone: +44 203 885 2113

Email: [email protected]

Languages: English

Availability: Monday to Friday, during working hours

 

Trading

Trading platforms: MetaTrader 4, RoyalGTX Web Trader

Trading platform Time zone: –

Demo account: –

Mobile trading: Yes

Web-based trading: Yes

Bonuses: 55% bonus on first deposit, 30% bonus when you bring a friend

Other trading instruments: –

 

Accounts

 

Parthenon account

Minimum deposit (€): 250

Maximal leverage: 1:100

Spread: From 1.3

Scalping allowed: –

 

Collosseum account

Minimum deposit (€): 10,000

Maximal leverage: 1:100

Spread: From 1.3

Scalping allowed: –

 

Taj-Mahal account

Minimum deposit (€): 50,000

Maximal leverage: 1:200

Spread: From 1.3

Scalping allowed: –

 

Content Table

  • General Information
  • Regulations and Licensing
  • Account Types
  • Trading Services
  • Conclusion

 

A general overview

 

Royalgtx is a trader that can appear quite sketchy quite quickly. It would not be improper to call this brand a scam. At first sight, things seem legitimate enough. Their website is nice and clean, and things seem to function well enough. However, it soon becomes clear that things are not quite so straight forward. There is a whole lack of information on the company itself. We do know the company is in the UK, according to what they say. However, nowhere can you find out about the location of their company within the country.

Royal GTX Review

The company claims to have started off in 2010. However, all mentions of this company on the net are from no earlier than 2020. This is already quite a poor sign, and may point to the brand being a scam.

There are not specific individuals the website points to. Therefore, the company seems to be quite anonymous. That is yet another worrying signal. Without any employees to directly speak to, how do you hold the brand accountable?

They also trade in a whole range of assets. Generally speaking, its best to focus on a small range of assets. This way, you know they are good at what they do. Promising the world to potential customers so early on is not actually a good sign.

 

Regulations and Licensing

The most worrying factor we can point to is the lack of information on regulation. Without regulation, who is to say what the company does? Is there a legitimate business in place? Do they actually help traders at all? This is another obvious indicator in this brand being a scam.

Account Types

Royal GTX Review

When it comes to accounts, they do not have much of a range. The only real difference between their accounts is deposit size. It thus appears that their primary concern may just be money. Again, another worrying sign.

 

Additionally, the rather grandiose names for the accounts are distracting. It seems to want to give promises to potential clients rather than informing them.

Trading Services

They do have some information available when it comes to their trading services. They offer traders   platforms on both the web and on mobile. They also offer MT4, a very popular choice. However, their web-based service is their own. One should be careful before using a custom platform of a less famous broker. They do not know how reliable or trustworthy it would be.

They do offer some nice bonuses. However, because of what we have seen so far, it would be hard to trust them.

Customer Service at Royal GTX

In terms of customer service, they do offer some information. However, their email address is quite generic, and there is no information for their physical address. Thus, it would be hard to really hold them accountable.

They are somewhat vague when it comes to the availability of their service. They mention working hours, without mentioning what those hours are.

Finally, they do not mention what languages they practice in. One can assume it would be English, as they are in the UK and their website is in English. Other than that, you cannot find out anything.

Royal GTX Review: Conclusion

Overall, despite a nice cover, this brand is obviously a scam. There is no information available on their location, and they are quite anonymous. This makes it difficult to hold them accountable if things go wrong. They also seemingly lied about the year they started off. This would give them a false sense of experience. The kind that it is doubtful they really have.

  • Support
  • Platform
  • Spread
  • Trading Instrument
Comments Rating 1 (10 reviews)