Coin-Royal Review – Avoid Coin-royal.com Scam At All Cost!

Is Coin-Royal a Scam Broker?

Coin-Royal cannot be trusted. While the company claims to be owned by Businesoft Limited, registered in Saint Vincent and the Grenadines, it is important to note that the Financial Services Authority (FSA) in that jurisdiction does not issue licenses. Therefore, Coin-Royal’s regulation should be sought in the country where it operates.

Despite our extensive search in major Tier 1 regulatory databases such as FCA, CFTC, ASIC, and BaFin, we found no evidence of Coin-Royal’s licensing or regulation. Additionally, it has come to our attention that the same owner is behind two other fraudulent brands, AlphaTrade FX and Unicorn FX, both lacking licenses to provide trading services.

Furthermore, reputable jurisdictions with Tier 1 regulations impose leverage limits set by local regulators or the European Securities and Markets Authority (ESMA). These limits are generally around 1:30 for retail traders in the EEA, Australia, and Canada, and slightly higher at 1:50 in the US. However, Coin-Royal offers leverage ranging from 1:100 to 1:600, blatantly violating all regulatory regimes.

Although the authorities may not have taken action yet, we anticipate that Coin-Royal will eventually face legal consequences. In the meantime, we encourage you to inform us of any details regarding their activities so that we may gather more information.

Coin-Royal Trading Assets

You can invest in the following markets:

• Currency pairs: EUR/USD, GBP/NOK, AUD/CAD;
• Commodities: gold, natural gas, silver;
• Indices: DAX30, CAC40, AU200;
• Shares: Netflix, Intel, Rolex;
• Cryptocurrencies: AAVE, AMP, APE.

As previously mentioned, the leverage offered by Coin-Royal is unregulated, and the specific fees have not been disclosed. Additionally, it is important to note that the starting spread for the EUR/USD benchmark is 2 pips, which is higher than the industry standard of 1.5 pips.

Every day new scam brokers and trading bots appear on the web with only one goal – to steal your money. We have already exposed some of them, for example – TrendinGAP, Funds Recovery, InsiderMark.

Coin-Royal Trading Accounts

These are the accounts provided by Coin Royal broker

• Standard: $250;
• Plus: $5,000;
• Gold: $25,000;
• Expert: $100,000;
• Platinum: Contact the broker.

There appears to be some confusion regarding the minimum deposit requirement at Coin-Royal. While the Standard account initially shows a minimum deposit of $250, the main page indicates a requirement of $500 for the same account. Regardless of the exact amount, it is noteworthy that these sums are considerably high, especially considering that regulated brokers offer Micro accounts starting as low as $10.

Choose only trustworthy and reliable brokers. You can read about the best ones in our article Best online brokers in 2023.

What Should I Do If I Am Scammed by Coin-Royal?

Taking individual action may not be sufficient to effectively combat these scams. We strongly encourage our readers to reach out to our dedicated staff for assistance. The more evidence we have, the faster we can work towards returning your money.

If you or someone you know has fallen victim to these scams, please contact our team immediately. Utilizing our online chat feature ensures the quickest response time, allowing you to receive a free consultation. It is crucial not to lose hope! Acting promptly increases the likelihood of recovering your money.

Coin-Royal: Video

You can also write a comment under the video on our YouTube channel to tell other traders about your experience. But if you’ve already been a victim, contact us for a free consultation by filling out the form at the top of the page.
Below you will find a short video about Coin-Royal. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Coin-Royal!