Royal C Bank is an offshore broker that appeared relatively recently on the online trading scene. In our Royal C Bank review, you will be able to find out everything about this company, who they are, what they offer, and if there is any benefit for you. If you are thinking about opening an account with this broker, make sure to read this review first!
|Regulated by:||None (Not Regulated)|
|Headquarters Country:||Commonwealth of Dominica|
|Supported Platforms:||Web Trader|
|Types of Assets:||Cryptocurrencies|
Royal C Bank Regulation and Security
Royal C Bank is a brand owned by Axent Sigma LTD, registered in the Commonwealth of Dominica. The thing that they claim on their website makes them different is a fact that their team is built from Crypto trading professionals ready to provide you the best support in trading.
However, we were unable to find out more, since their official website does not work. You can see only the first page. When you try to get any further information, it is not possible. Also, the company does not have any regulation, which indicates that broker Royal C Bank is a scam.
Warnings From Financial Regulators
When it comes to Royal C Bank broker, as we already concluded, they do not hold any regulations. In our deeper search, we were able to find a warning from CMVM, a Portuguese regulatory body. In May 2020, on the official page of CMVM appeared a warning saying that Royal C Bank broker operates illegally in Portugal.
They opened a support line for anyone scammed by this broker. We can only conclude that, since they do not have any regulation, this broker operates illegally in other countries as well. Be aware if you ever come across the name of Royal C Broker.
In which countries does a Royal C Bank broker operate?
Since this broker does not hold any regulation, it is illegally operating anywhere in the world. Their website was not very helpful since they didn’t list any countries that they do or do not accept as clients.
Based on the reviews from their clients that we were able to find, they were scamming people all around Europe. Denmark, Sweden, Norway, the UK. Since their website is also in German, we can assume that they offered services to German-speaking clients as well.
What can you trade with a this broker?
Royal C Bank broker does have a good offer of Cryptos for trading. They offer 16 altcoins against BTC and USDT, 4 Etherum (ETH) pairings, 2 Ethereum Classic (ETC) pairings, and one single Ripple (XRP) pairing. Traders also have available index/BTC pairings, commodity/BTC pairings, and over 100 stock pairings.
All these assets can be paired with USDT as well. On the Basic account leverage is 1:10.
What to do if you were scammed by Royal C Bank or have a complaint?
As concluded so far, broker does not hold any regulation and does have a regulatory body warning against it. Also, their website does not function anymore, meaning that if you already opened an account with this broker, you cannot access it anymore. In case that you were their client, and got scammed, you are not the only one.
You will see that many people are in the same situation since this broker represents itself very well, as a Crypto expert, with professional advisers. Now, do not worry. There are still options to get your money back. The first thing you need to do is to request a chargeback. In order for your chargeback to be successful, contact us today, and get help immediately!
Is Royal C Bank regulated?
The simple answer to this question is NO. According to our review, Royal C Bank broker is not regulated by any regulatory body in the world.
Where is Royal C Bank located?
Royal C bank broker is owned by Axent Sigma LTD, a company registered in the Commonwealth of Dominica, an offshore country.
What is the Royal C Bank minimum deposit?
The minimum deposit that you can make with a Royal C Bank broker is 250 USD/EUR/GBP, depending on the country you are coming from.