Assessing the Legitimacy of RoyalStern: Legitimate Business or Scam?
A quick way to verify a UK-registered company’s legitimacy is through the FCA database. However, RoyalStern is notably absent from this registry, as well as from the FINMA (Switzerland) register. Despite claims of being in business since 2005, domain registration data from who.is indicates their website was only established in September 2023.
Their lack of major regulatory oversight, such as CFTC, ASIC, or BaFin, casts further doubt on their claims. This absence of regulation also means traders are not protected by standard financial safety measures like compensation schemes, segregated accounts, or negative balance protection.
Clientele Base of RoyalStern
While there are no explicit RoyalStern reviews, certain trends are evident. The company name suggests a focus on German-speaking clients, corroborated by their German-language website design. Research shows most of their website traffic, and presumably their victims, come from Germany and Lithuania, hinting at their possible origin. For those experiencing issues with this broker, we offer assistance and advice on fund recovery.
Trading Conditions: Leverage, Costs, and Fees
A significant red flag is RoyalStern’s leverage offer of up to 1:300, far exceeding the 1:30 limit set for UK retail traders and similarly regulated by FINMA. Details about other trading costs like commissions and spreads are not disclosed, which is typical of the RoyalStern scam. The only known fee structure involves discounts for larger deposits, which is irrelevant if withdrawals are not possible.
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