RoyalStox Review

General Information

Broker Name: RoyalStox

Broker Type: Primarily Forex, but also offers other platforms

Country: St. Vincent and the Grenadines

Operating since year: unclear

Regulation: –

Address: 3 New St Square, Holborn, London, EC4a 3BF, UK

Suite 305, Griffith Corporate Centre P.O. Box 1510, Beachmont Kingstown, St. Vincent and Grenadines

Broker status: Active

Customer Service

Phone: +442038851407

Email: [email protected]

Languages: English (multilingual)

Availability: 24/5 for accounts or 24/7 customer service

In terms of the broker’s customer service, there are several things we can say.

Trading

The trading platforms: MetaTrader 4, RS WebTrader

Trading platform Time zone: –

Demo account: –

Mobile trading: –

Web-based trading: Yes

Bonuses: 30% loyalty bonus

Other trading instruments: –

Account

Micro Account

Minimum deposit ($): 250

Maximal leverage: 1:250

Spread: Fixed

Scalping allowed: unclear

Standard Account

Minimum deposit ($): 5,000

Maximal leverage: 1:200

Spread: Fixed

Scalping allowed: unclear

Platinum Account

Minimum deposit ($): 25,000

Maximal leverage: 1:100

Spread: Fixed or variable

Scalping allowed: unclear

Premium Account

Minimum deposit ($): 50,000

Maximal leverage: 1:500

Spread: Fixed or variable

Scalping allowed: unclear

VIP Account

Minimum deposit ($): 100,000

Maximal leverage: 1:750

Spread: Fixed or variable

Scalping allowed: unclear

Business Account

Minimum deposit ($): 250,000

Maximal leverage: 1:1000

Spread: Fixed or variable

Scalping allowed: unclear

RoyalStox Review: Content Table

General Information
Regulations and Licensing
Account Types
Trading Services
RoyalStox Review Conclusion

A general overview

RoyalStox is a trader primarily dealing in Forex, although it seems to also offer services for ‘any other market’ as well. It seems to operate from St. Vincent and the Grenadines, but there is also conflicting information on its address. On the one hand, its lists a London location as its address for contact.

However, the website is owned by a company located in St. Vincent and the Grenadines. Such conflicting information is quite worrying, and does not put the broker in a good light. The year it started operating is also unclear, unfortunately. Although most mentions of the broker online appear around 2020. The difficulty in procuring this information could make this brand a scam.

Regulations and Licensing

Possibly the most worrying fact about the broker is its lack of regulation. At the very least, they have not listed any regulatory firms, which is a worrying sign. This could mean that there is no legitimate brokerage business operating behind the name. Or, if there is one, no official body has approved of their services. The most worrying thing is the lack of listings of any CEO. Without a specific individual to point to, the service is essentially anonymous.

Account types

RoyalStox seems to offer quite a wide range of trading accounts for potential clients. It does not specify what the minimum deposits for each of them are. However, it does display the range of account sizes available for each account type.

The account types, as one can see above, can get very large. The leverages they offer are also very large, going up to 1:1000 for one account. The fact that people can deposit such large sums so freely is quite worrying. Moreover, the unrealistically large leverage offerings could quite easily be false promises the broker never intends to fulfill.

The spreads can be varied or fixed, depending on the account type. However, there is no indication on the kinds of figures they will be charging.

Finally, there seems to be no indication on whether their accounts offer scalping services.

The Trading services

The services the broker offers for trading seem quite vague. It does list MetTrader 4 and RS WebTrader as its trading platform on its website. There are no specifics on when their services will be available on these platforms, however.

They do not mention demo accounts, or if they offer mobile trading either. It remains uncertain as to whether this information would be available once someone sets up an account. All that we do know is that people cannot really find out about what they are getting into before setting up an account. This can be quite worrying, as they may be hiding the true characteristics of their service behind a paywall. Again, this makes the likeliness of this brand being a scam high.

Customer Service

For one, the country code for its phone number appears to be located in the UK. Again, this is in contract to the place they registered the website to. Offering customer service in the UK while operating in St. Vincent and the Grenadines seems like a suspicious combination.

The broker does claim to offer customer service in several languages. However, these claims are quite vague. Without setting up an account, there does not appear to be any way to view their website in languages other than English. The most it says is that it offers a ‘multilingual’ customer service, without specifying any particular languages. They then go on to explain the importance for people to communicate in their native language, to articulate themselves better. However, they still do not list any specific languages they could offer.

scam

There is also a lack of clarity when it comes to the availability of its customer service. In one area, in its ‘about us’ section, its claims to offer 24/7, constant customer service. However, if you were to look into their account offerings, the story is quite different. Every account type offers 24/5 support. There is obviously quite a stark difference here.