Thinking of getting into business with RoyalBC-FM? Here is what you must know about this broker. Carefully read this review to find out if royalbc-fm.com is the trading platform you will want to trade with.
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About RoyalBC-FM Broker
RoyalBC-FM is an offshore brokerage company with a lot of promises for traders. The broker location cannot be found on the webpage. Truly, this is a first hand red flag on the side of RoyalBC-FM broker.
There are various account type the broker offers. See below.
Added, the broker claims to offer outstanding execution speed, high security level and 24/5 customer support.
To clarify, in spite the trading instruments RoyalBC-FM claims to offer, traders must know they are dealing with an unknown broker which does not have a regulation over its head.
royalbc-fm.com: Reasons to Avoid This Broker
Firstly, royalbc-fm.com is a platform with no financial authority overseeing its financial services. We can’t stop emphasizing the importance of regulation especially when dealing with a scam broker.
Again, we noticed royalbc-fm.com has no demo account for traders. Since traders can’t test Apex Tradings on a free account, we can’t know its viability in the forex market.
Further, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are cons for forex traders to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Withdrawal and Deposit
Withdrawal process
Under the withdrawal policy, RoyalBC-FM mentioned the fee charge on any withdrawal method. Here, $50 for Wire Transfers and $25 for Credit cards. Added to that, a processing fee of $10 for ePayments.
Additonally, the broker charges $250 as the minimum withdrawal for Wire Transfers.
Minimum Deposit
Apex Tradings minimum deposit is pegged at $250.
As for the payment methods, broker accepts Debit/Credit cards and Wire Transfers. But, you should not consider making any payment with this broker because it is a risk and scam. So beware!
RoyalBC-FM Platform
RoyalBC-FM offers web based platform and not MT4 or its successor MT5 (Industry standard trading platform) which gives us more reason not to take this broker serious.
As for the leverage, it can get up to 1:500. Nevertheless, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
RoyalBC-FM Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation that means your money is at risk. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
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Minimum Trade Deposit $100
Maximum Leverage
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Licensed in Australia(ASIC) and Cyprus(Cysec)
Accepts Traders Worldwide
Minimum Trade Deposit $100
Maximum Leverage
1:500
Conclusion: Is royalbc-fm.com a Reliable Broker?
No, royalbc-fm.com does not seem like a reliable broker for traders even though it promises offers that look good to be true.
Most importantly, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.
Because we have taken it as a duty to review scam forex brokers and also share reasons, we will not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.
