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: info@royalgtx.com
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: –
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.
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.
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.
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.
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.
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. Fast loans online here
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.
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.
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View Comments
My situations becomes worst after dealing with this broker. They have stolen my money and make it seem like I lost in all of my trades.
They have lured me to deposit more in the hope of getting more profit. But I have lost more instead.
There are so many surprising terms and huge trading fees. It is not an ideal forex broker.
Bad trading company. They did not pay my profit.
Stay away from these bad people. They have taken all the money on my bank account.
Could have been a good broker since services are okay. But please do something to speed up withdrawals.
They do not have regulations and are only trying to get money from people.
Poor trading tools and services. Do not trade with them.
I am dissatisfied with these forex broker services, they seem very greedy. They would always call asking for more money I am willing to invest but I can't see good returns.
Fewer assets to choose from and are very expensive. Overall performance is not that good.