Royal Capital Pro Review is Royalcapitalpro.com Scam or Legit Broker

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Royal Capital Pro Review: is Royalcapitalpro.com Scam or Legit Broker?

Royal Capital Pro formed in the year 2020, offers to trade stocks, commodities, currencies, and indexes and claims to be a proven leader in Forex trading.

Is Royal Capital Pro a scam or legit broker?

No, it is not safe to trade with a Royal Capital Pro as this Forex broker is not regulated. The broker is operated by the GoldTech Media Services OU. GoldTech Media Services OU is incorporated and located in its registered address in Tallinn, Estonia. Royal Capital Pro serves a wide range of clients while there is a wider offering and targeting to the Arab Gulf states clients. That fact is also quite typical since the Arab world is full of companies and brokers that offer their services without a necessary licensing and authorization as the states are not very strong currently in online trading businesses regulation.

In addition, previously the broker stated its base in Scotland, which in fact was just a mislead to confirm presence yet without an actual role, as well there is no any authorization from the local authorities to perform financial services or target residents. So, even though that the company claims its application to convenient trading environment and various safety customer protection actions alike, legally binding policy that ensures balances are never negative so that the client will never lose more than what have already invested.

Another thing that should be a huge red flag for those who want to invest with this broker is the reputation of GoldTech Media Services OU. The company has been blacklisted multiple times under the names of other unregulated brokers such as S2Trade and Glenmore Investments. These brokers along with GoldTech Media Services OU have been blacklisted by the UK’s Financial Conduct Authority: S2Trade in February 2020 and Glenmore Investments in August 2020 .

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We advise all investors and traders to avoid Royal Capital Pro and other unregulated brokers. The lack of information about the broker’s regulation, trading conditions, and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams.

Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and Alpari.

You can also share your trading experience with Royal Capital Pro by commenting on this review.

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