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.
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.
RoyalStox Review: Conclusion
RoyalStox appears to be a broker with some shady dealings. The brand could likely be a scam. The combination of conflicting information and vague promises leaves a lot of room for doubt. We recommend that traders do not deal with this broker, as their offerings seem quite shady.
- Support
- Platform
- Spread
- Trading Instrument
( reviews)
terrible people!
How dare they take my money? I’ve eared it through lots of sweat and blood. The audacity of taking something that I’ve worked so hard for. Liars
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unimaginable scammers! they took my money and were ruthless. thank god i left before things really hit the fan. dont even think about investing here!
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Fake broker
Fake broker, they just scam people.
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Poor services
Poor services I have ever seen. No word of honor and do not perform well.
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Bad broker
Bad Forex broker. They do not pay for profit.
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Bad guys
Bad guys. Do not trust them
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Poor trading signals
Not a good broker. They always gives out losing signals.
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Deceivers
They have deceived me. Thought I will gain profit, never did I imagine I will be this awful.
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Beware with them
They cheat people to collect money. Beware with them.
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Bad trading company
Bad trading company. They seem so real and promises too much. Actual trading isn’t really good with this broker.
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Unreliable
Very unreliable. Do not deal with this.
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Bad customer service
Bad customer service. They are unwilling to help.
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Bad brokers
Do not pay for profit. Bad brokers.
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Bad company
Bad trading company. They did not pay my profit.
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Bad people
Do not give out any information. They rub people’s bank account.
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Stay away from this
Make sure to stay away from this. All is just a trap, to make you give your bank details.
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Poor customer service
Poor customer service. I am not happy with any of their services.
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Fake trading schemes
Avoid their trading scheme. It’s fake.
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Worst broker
The worst trades ever. Signals and trading advise don’t work at all.
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Scam-broker
Scam-broker. Do not invest money here.
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Bad people
Do not trade with them. Bad people!
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Stay away
Stay away from them. Crystal clear it is a scam.
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Terrible trading partner
Terrible trading partners. They are just after my hard-earned money.
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Poor services
Poor services and very unprofessional people to deal with.
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Bad broker
I am not trading with this broker again. Services are not good at all.
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Worst services
Worst services. I am not trading with them again.
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Bad services
Bad services, bad company. Do not transact with them.
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Illegitimate company
Not a legitimate trading company. Do not trade with them.
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Stay away
Stay away from these people. They have cheated on me and have ripped off my wallet.
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Unreliable signals
I do not recommend trading with this broker company. Signals are very unreliable.
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Unprofessional
Unprofessional and rude. It is not a good idea to trade with them.
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Unreliable services
Extremely unreliable broker service. Signals are one of the worst and withdrawal is really very slow.
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Scam
Do not invest money in scams such as this. Report them to the authorities when they call instead.
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Scammers
Stay away from these people. They are scammers.
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Bad company
Bad trading company. They do not pay a profit.
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Do not deal
Do not deal with this broker company. They have slow withdrawals and poor services.
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Do not trust
DO not trust this trading company. They are one of the worst I ever had encountered.
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Slow customer service
Slow customer service. They do not even respond at times
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Poor services
Poor trading tools and services. Do not trade with them.
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No withdrawals
I do not recommend trading with this broker. I was not able to get any withdrawal, they always disapprove of my request.
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Unresponsive
Unresponsive and very unhelpful. Do not trade with them.
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