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Royal Oak Investment Review – Don’t Trade With This Scam Broker

Royal Oak Investment Review

Royal Oak Investment broker promises low trading costs, an innovative platform, and client commitment. While this is all you need from a brokerage, you should check the allegations before paying your hard-earned money.

There are more and more online scams each day. And it looks like this is one of them. Read our detailed Royal Oak Investment broker review and learn more about the firm.

Moreover, you can increase your trading knowledge by reading our TradeSparkleChartistake  and KapitalXP unbiased reviews. Without a doubt, your funds are in danger!

Broker Status:Offshore Scam Broker
Broker Regulation:Unlicensed Forex Provider / No Regulation
Scammers (site is active, verified 09/26/2022)
Operating Status:Active Forex Trading Scam
Blacklisted as a Scam by:N/A
Broker Owner:Royal Oak Investment Ltd
Headquarters Country:Saint Vincent and the Grenadines
Foundation Year:2022
Trading Platforms:WebTrader
Mobile Trading:Available
Minimum Deposit:250 USD
Deposit Bonus:N/A
Crypto Trading:Available – ETH, SHIBA, BTC
CFD Trading:Yes, you can trade CFDs
Trading Instruments:Forex / Commodities / Indices / Shares / Cryptocurrencies (Cryptos)
Maximum Leverage:1:400
Islamic Account:Not Available
Demo Account:No, only live trading accounts
Accepts US Clients:US traders are not accepted
Global Fraud Protection Team:Don’t Invest in This Scam Broker!

Is Royal Oak Investment Scam Broker to Avoid?

With a slick website design and what seems to be a professional offer, broker Royal Oak Investment looks quite solid. All until you start digging deeper.

Legitimate firms will go above and beyond to prove their regulatory status and give all the information about the owner on the main page. We have a blatant statement here:

The website is owned and operated by RoyalOakInvestment, a worldwide brand committed to your trading experience.

Furthermore, in the Terms and Conditions, we found that the broker operates according to Saint Vincent’s and the Grenadines’ laws. Since this offshore island has no financial regulator in charge of Forex and CFD trading firms, it’s clear that there are no laws to operate according to. 

To answer your question, the Royal Oak Investment Forex broker is a scam to avoid.

Royal Oak Investment is an offshore financial services provider without a license. Broker reviews are negative, and the firm provides unregulated trading terms.

All this indicates that you shouldn’t trust it with your money.

In addition to the above, you should avoid scam fx providers such as FibodaTraderCryptoX or Lexington Plus. Because you may have withdrawal problems!

Where Do Royal Oak Investment Scam Victims Live?

Since we could not find Royal Oak Investment regulation with any Tier1 authority body,  no wonder there have been numerous negative reviews.

According to them, the majority of Royal Oak Investment trading scam victims come from:

  • Sweden
  • US
  • Canada
  • UK
  • Germany

The broker’s main page indicates that they do not accept US clients, yet complaints show otherwise.

How Does This Scam Broker Find Victims?

The company website has been active since July this year. The broker advertises aggressively on Google and social media such as Facebook and Instagram. If you click on their ad, your details are automatically transferred to the brokerage, including your email and phone number.

Once they get these, broker employees will constantly call and pressure you to invest immediately. They’ll send various offers via email, each better than the previous.

You’ll be transferred to an experienced account manager when you deposit the initial money. Instead of helping you, these people will add you to various WhatsApp and Telegram chats, ensuring that you feel special and keep depositing.

Finally, if you never signed up for their ads, you can be approached through social media and dating apps with fake profiles. More and more users have reported romance and monetary schemes combined.

A potential love prospect can be in touch for months, making a good intro into asking you to deposit a large amount of money with a bogus broker, such as Royal Oak Investment.

Once you do so, they’ll disappear with your funds.

What Trading Platforms Are Available?

Royal Oak Investment Trading Platform Interface

Once you open the Royal Oak Investment trading platform tab on the website, you’ll be automatically redirected to a WebTrader. While the firm promises a “unique trading experience created just for you,” you’ll get nothing but a simple TradingView chart.

There are a couple of indicators, asset overview and trading history. Nothing as advanced or unique as promised.

Instead, look for a trading brokerage offering MT4 or MT5. This will increase your chances of successful trading and ensure fund safety.

Royal Oak Investment Mobile Trading App

The Royal Oak Investment login is enabled through a dedicated mobile app. Links for Android and iOS are on the website’s home page, easily accessible.

However, the app is based on the web version, meaning it has no special tools. Only plain chart with several attached indicators.

What Can I Trade With Royal Oak Investment?

Customers can trade in:

  • Currency pairs (Forex) – EUR/USD, GBP/CAD, AUD/ILS
  • Indices – NASDAQ, AUS 200, FTSE 100
  • Shares – Amazon, Tesla, Meta
  • Commodities – Gold, Silver or Natural Gas
  • Cryptocurrencies (Crypto) – BTC, DOGE, SOL

CFD Trading Details

Online trading platforms offer the possibility of CFD trading. CFDs or contracts for difference imply trading with the asset value without purchasing the asset physically. That’s what enables customers to profit even if the market is decreasing.

Note that CFD trading is risky, and over 70% of retail traders lose their funds in the process. 

Fees and Spreads

The company has an incredibly high spread, starting at 6.5 pips for EUR/USD pair. With an industry average of 1.5 pips for the same asset, we can easily say that the broker is quite pricey.

Other fees are not specified but are advertised as low.

Trading Accounts Types Overview

Here’s the Royal Oak Investment account type overview:

  1. Trial Trading Account – Minimum deposit $250
  2. First-time Investor – $10,000
  3. Build Your Future – $50,000
  4. Build Your Monthly Account – $100,000
  5. Royal Oak Heritage – $250,000

Each account brings higher leverage, alleged VIP events, and more educational materials.

VIP Program Overview

If you decide to go over $250,000 in investment, you can apply for one of the VIP accounts:

  • Luxe – $250,000
  • Eminent – $500,000
  • Leading VIP – $1,000,000+

The program enables priority withdrawals, constant support, and lightning fast trade execution. All these benefits seem relatively poor compared to the requested amount of money.

Can I Trade With a Royal Oak Investment Demo Account?

The Royal Oak Investment Demo account is not available. Once you enter the platform, you can see what you will be dealing with and get familiar with trading conditions. However, you’ll need to deposit real money if you want to place any trades.

Instead, you can find a legitimate firm with a lower initial deposit and a risk-free account.

Deposit Methods

The broker advertises the following:

  • Debit / Credit Cards
  • Wire Transfer
  • E-wallets

Once we tried making a deposit, we were informed that we needed to contact an account manager. Therefore, we cannot verify this list.

Royal Oak Investment’s minimum deposit is $250, which is rather high for a bogus website.

How Do I Withdraw Money From Royal Oak Investment?

According to the Royal Oak Investment Withdrawal Policy, the firm will request you to verify your identity with a list of documents before approving your request.

The withdrawal can be performed using:

  • Debit/credit card
  • Wire transfer
  • Bitcoin

In the case of BTC withdrawal, the minimum amount you can request is $250, while for other methods, it’s $100.

Withdrawal Fee Scam Details

Royal Oak Investment reviews show the firm runs a withdrawal fee scam.

The website has specified a withdrawal fee of 1%, with a minimum being $30 and a maximum of $300.

However, those who submitted their requests were asked to pay non-existent bank fees and taxes before getting a payout. Of course, this is just one last attempt to get funds from you before broker employees freeze your trading account.

If someone approaches you for additional payments before withdrawal, know that it’s an illegal thing and report it immediately.

I Was a Victim of the Royal Oak Investment Scam, Can I Get a Refund?

If you find yourself a victim of a Royal Oak Investment scam, contact Global Fraud Protection.

We’ve been in the business of recovering clients’ funds for years. We can help using advanced tools and the extensive experience of our experts.

Don’t let scammers run free. Act now!

All In All, Don’t Let the Scammers Get Away for Free!

FAQ Section:

What Is Royal Oak Investment, and Should I Invest Money In It?

Royal Oak Investment is an online trading brokerage based offshore. If you have any issues getting your money back, contact us immediately and we may assist with the fund recovery.

Does Royal Oak Investment Offer Demo Account?

Royal Oak Investment broker offers a platform overview but not a free Demo account.

Does Royal Oak Investment Give Deposit Bonus?

The firm has never mentioned or specified any bonuses or bonus terms.

Are My Funds Safe With Royal Oak Investment?

Since the broker is unregulated and offshore, your money is not safe with this brokerage.