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Here we are with another Binary Options broker that entered the market and managed to convince traders with some exceptional trading features. Royal Binary required only $100 minimum deposit with $10 minimum trade. On the other hand, the maximum trade was set at $1000…
Royal Binary promised up to 81% return. The website was available only in English. It came, it tried, and it failed to impress in the long run. We are reviewing this broker upon the request of our followers.
Royal Binary scam warnings will make help us reveal the truth about this platform. This review is covering the company’s background, the licensing, complaints, withdrawal and finally the verdict. Let’s begin with the basic introduction.
To make things easier for you if you’re just looking for some specific information on Royal Binary (or Royal De Banc) we’ve put together some links below which you can use to quickly navigate the review.
- Royal Binary Background
- Is Royal Binary Regulated?
- Royal Binary Complaints
- Royal Binary Withdrawal
- Is Royal Binary a Scam?
- Our Verdict on Royal Binary
- Scammed By Royal Binary?
- A Legitimate (And Better) Way To Make Money
Royal Binary Background
South Pacific Investment Ltd. owned and operated Royal Binary. The company operated from the Republic of Seychelles.
Is Royal Binary Regulated?
Royal Binary was NOT regulated. It didn’t even possess a license from a private regulator. The platform was operated from a virtual office. Right from the word go, the professional traders avoided this broker. The statistics about the website traffic suggested that the sun never shined on this platform.
Different regulatory authorities issued public warnings against dodgy calls made by the broker’s reps. On the other hand, connecting with the support team was extremely difficult. You had to be patient for hours to establish a connection with the support team. If you emailed, the response from the broker took forever.
Royal Binary Complaints
The education material was limited and even what it offered was extremely basic. It was of no use for the professional brokers. In addition, the market section wasn’t updated. You never received latest market reviews. It was extremely demoralizing for the traders who invested some money via this platform.
Royal Binary didn’t offer a Demo account. The broker used to block particular traders from getting in touch with the support team. It was extremely frustrating and a clear sign of a scam. Traders who wanted to ask about the denial of a withdrawal mostly became the victim of utmost arrogance on the part of the broker.
Royal Binary Withdrawal
Royal Binary entertained Euro, GBD, USD, and JPY. The withdrawal methods included Credit/Debit Card, Bitcoin, and Wire Transfer. 10 currency units had been the minimum withdrawal limit. The broker didn’t mention any withdrawal fee. The withdrawal processing was scheduled up to 5 business days but the truth is that the processing took an age and often resulted in denial followed by the restricted customer support.
Is Royal Binary a Scam?
Yes, indeed! Royal Binary scam warnings were true. The broker was unreliable right from the beginning. Denial of the withdrawal is a major indicator that signifies a scam artist. In addition, the address on the website was virtual.
Moreover, the broker wasn’t regulated. There is nothing convincing about such non-legit platforms. They just enter the market, collect trader’s money and then become arrogant and use pressurizing tactics to keep their client’s money.
Our Verdict on Royal Binary
Royal Binary disappeared suddenly but we have found that initially it changed the website and used a new name Royal de Bank. After some time, upon investigation and warnings, Royal de Bank also had to shut down.
As the broker wasn’t regulated, it just closed its doors without caring about its clients. This is what happens when you rely on an opaque entity just like this one. You don’t stand a chance of getting back even one dollar. These scammers are actually the modern-day butchers.
Scammed By Royal Binary?
Do you feel that you were scammed by Royal Binary? There have been many complaints from customers who believe that they were misled into depositing through various fake 3rd party auto-trading systems… Maybe you too feel you are in the same boat?
Well the good news is that you have landed in the right place as we have put a together a free money reclaim guide which shows you exactly how you can get your money back from binary options scams.
To date the guide has helped thousands of people to successfully reclaim their lost funds, and if you have lost money to Royal Binary then we know that it can also help you too.
A Legitimate (And Better) Way To Make Money
The truth is that here at Stopping Scammers we don’t like binary options trading, not even with the most legitimate of brokers – because we’ve never seen anybody manage to make sustainable profits from it.
In fact to be honest, we believe binary options trading itself is actually a scam because the odds are massively stacked against traders, and it seems to be only the brokers that end up making money.
But don’t worry, because there are indeed several legitimate & very good ways you can make money instead. We’ve come across many legitimate opportunities whilst carrying out our investigations but there has been 1 in particular that has stood out from all of the rest. As a result we have crowned it our number 1 recommendation for working from home.
You can get access to our number 1 recommendation by clicking the link below: