FinsRoyal is an anonymous scheme broker that doesn’t give us any information. Instead of testing it with your funds and hoping for the best, we’ve prepared everything you need to know. Read this FinsRoyal review to understand why you shouldn’t give them any money.
| Broker status: | Unregulated Broker |
| Regulated by: | Unlicensed Scam Brokerage |
| Scammers Websites: | finsroyal.com |
| Blacklisted as a Scam by: | FMA, AMF Quebec |
| Owned by: | N/A |
| Headquarters Country: | N/A |
| Foundation year: | N/A |
| Supported Platforms: | WebTrader |
| Minimum Deposit: | 5,000 EUR |
| Cryptocurrencies: | No |
| Types of Assets: | FX, commodities, indices, shares |
| Maximum Leverage: | 1:50 |
| Free Demo Account: | No |
| Accepts US clients: | No |
What About FinsRoyal Regulation?
As mentioned, the FinsRoyal broker is anonymous. It means we have no basic information such as company owner, headquarters, or the governing law. We’re provided a support phone number from the UK, but knowing how easy it is to buy these, we won’t hold onto it.
In addition to the above, we strongly advise you not to invest inMargex,FundsProMaxandFPC Marketsfraudulent brokers.
What’s Wrong With A Trading License?
After exploring several Tier1 registers, including FCA, ASIC, and BaFin, we concluded that FinsRoyal is not regulated and operates illegally. This means your funds are at risk, and you should seek help getting them back right away.
FinsRoyal Warnings From Financial Regulators
FinsRoyal complaints have come from New Zealand and Canada, so regulatory bodies of these two countries issued official warnings. Both FMA and AMF of Quebec stated that FinsRoyal doesn’t hold the necessary licenses to operate, meaning it’s running a scheme. Thus people are unable to withdraw their funds.
Virtually Anonymous Website
Besides the UK phone number, we have an empty statement that the broker operates under the name FinsRoyal within the European Economic Area. The company must have headquarters there and at least one Tier1 license to do so. However, nothing on the website indicates who the owner might be or from where this whole operation is conducted.
Fund Withdrawal Issues
As New Zealand FMA clearly stated, FinsRoyal clients have difficulty with withdrawals. Since the broker is hiding and doesn’t disclose any information, clients are unaware of who they are dealing with, and even if they want to, filing an official complaint is challenging. Therefore, the FinsRoyal trading scam is widespread.
Most clients who file withdrawal requests are blocked from accessing their accounts. Broker is using its power to freeze accounts and disappear, never contacting its victims again.
FinsRoyal’s Malicious Bonus Policy
One of the favorite FinsRoyal excuses to block clients’ withdrawals is the Bonus Policy. Once you invest, you’ll be given a certain bonus, but nobody will explain what it means. Basically, the company has a policy that you must repay the bonus within 60 days from the deposit date, or this amount will be deducted from your trading account. Furthermore, the company keeps the right to deduct it from your future deposits if you do not have sufficient funds.
To repay the bonus, you need to have a rollover of the bonus amount divided by 4 in lots. So, let’s say you get a $1,000 bonus; you have to repay 250 lots. Just for your understanding, 1 standard lot equals $100,000. If you thought you’d seen it all, FinsRoyal is here to show you the true scam.
Traders About FinsRoyal Scam
Besides being appalled by FinsRoyal’s ridiculous bonus policies, clients complain about withdrawals. Reviews state that you will see a fake account with fake profits, but you will never get a penny back. Here’s an example of traders FinsRoyal reviews.
Finsroyal.com is just taking your money and showing unreal money on your account, so you will never get back your money… do not trust them; they are real fake and cheater, just taking money from you….
FinsRoyal Customer
Supported Trading Platforms – Available Trading Software
FinsRoyal has rather odd policies when it comes to the trading platform too. You cannot access it or gain any insight before verifying your trading account. So, supposedly you invested $100,000, you will not be able to see your money until the company decides all your documents are in order.
All we know is that the company advertises WebTrader as a “revolutionary online trading platform.” Yet, no WebTrader can be anywhere near MT4 or MT5, so we advise you to find yourself a legitimate broker offering legitimate software.
Online Trading Scam – FinsRoyal’s Specialty
As you can already conclude, FinsRoyal is conducting a broad scheme. The company is luring clients using fake ads, but you will face many issues once you sign up – inability to access your account or platform, insane bonus policies, and more. An account manager will keep pressuring you to invest more by showing you fake profits, and once you submit a withdrawal request, your account will simply be restricted.
FinsRoyal Trading Accounts
Here’s the overview of FinsRoyal account types to whom it may concern.
If you’re wondering what the value is for the money, the answer is nothing.
FinsRoyal Range of Trading Instruments & Markets
FinsRoyal offers trading over 60 trading instruments, including:
- Currency pairs
- Commodities
- Indices
- Shares
As you can see, there are no cryptocurrencies.
Also remember the names of theValiant Markets,Gitex CapitalandEverProTradertrading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!
Scammed by FinsRoyal? – Tell Us Your Story
If you are a victim of the FinsRoyal scam, it’s time to get help. Don’t feel ashamed; you’re not the only one. Contact our chargeback specialists to find a way to get a refund before it’s too late!
But What Is A Chargeback?
A chargeback is a way for your bank to reverse the fraudulent transaction and get your money back from the scheme broker. Contact us via online chat to book a FREE consultation and we will explain everything to you.