Royal Stat: customer reviews. Should you trust the company or not?
Royal Stat: Customer Reviews. Trust the company or not?
Royal Stat is an innovative company providing services in over 100 countries worldwide. According to claims, it has over 90,000 clients and numerous significant awards. However, it is interesting to note that there are currently no reviews of this broker on the Internet, neither positive nor negative. Let’s figure out why such a well-known company has not received attention from traders.
What is the official website of Royal Stat?
The official website of Royal Stat looks like a template page, made quickly and cheaply. Services estimate its value at only a few dozen rubles. Domain information shows that the site was created only in March 2021.
Despite promises of innovation in software, trustworthy cooperation, and competent transactions, the website actually lacks specific data. The company does not provide information about its management, development strategy, or even the exact address of its office.
Is there a legal basis for operations?
As for the legal aspect, it’s a complete failure here. Despite mentioning Russian registration, the Client Agreement contains information about compliance with English law, without specifying a confirming certificate. Checking in the FCA database, which regulates the activities of brokers in the UK, did not show Royal Stat in the list.
There is also no permission from the Central Bank of the Russian Federation. This indicates that the company is likely operating outside the law. In such conditions, traders remain without any guarantees when registering on the Royal Stat platform at their own risk.
Trading aspects
The absence of a demo account for training and minimum losses of $250 may raise concerns. The content of the trading account descriptions also raises doubts, with increased spreads and extremely high leverage.
Public opinion: Trader reviews of Royal Stat
Due to the recent launch of the company, there are currently no reports of trader reviews. This may provide an opportunity for fraudsters to manipulate new clients and scam them out of money. Share your opinion about Royal Stat and help others avoid potential scams.
How do they deceive at Royal Stat?
Deception methods at Royal Stat include imposing bonuses with unattainable conditions and using opaque mechanisms to increase investments. Traders, blinded by greed, may encounter problems withdrawing funds.
Instead of conclusions
Despite the absence of reviews, it is important to realize that dealing with Royal Stat can be risky. Illegal activities, lack of necessary documents, and unfair conditions can lead to investment loss. Be vigilant and avoid such financial fraud.