Warning: Is RoyalMarkets a Scam?

Warning: RoyalMarkets (royalmarkets.co) Analysis

Our analysts strongly advise you to stay away from RoyalMarkets (royalmarkets.co).

We found that the company name is Hero FX Ltd, it is located at St. Lucia W.I, 6th Floor Francis Compton Building Waterfront, Castries No.2023-00356, and the support email is support@herofx.co.

RoyalMarkets claims to be a financial platform, but it appears currently unlicensed by any credible commission.

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Is RoyalMarkets Safe?

RoyalMarkets operates without oversight.

Investing with unregulated firms is very unsafe. Trusted firms are must be registered with bodies like the FCA, CySEC, or CFTC to protect investors.

RoyalMarkets lacks this supervision. This means there is no protection if they keep your money. Most investment fraud involve unregulated actors, and recovering funds from them is hard without expert help.

For instance, in Europe, unlicensed firms are not covered by the compensation schemes. In the US, they are not members of SIPC, meaning your capital is at risk.

Warning Signs of RoyalMarkets

Investment fraud is getting smarter. Scammers use manipulation to steal wealth. Below are common methods used by sites similar to RoyalMarkets (royalmarkets.co).

Dating App Scams

The "Romance Scam" is a cruel tactic where scammers build trust over weeks. They build a relationship on social media. Once trust is built, they introduce a special crypto opportunity. It is a lie to lure you onto a fake platform like RoyalMarkets.

Rigged Platforms

Fraudsters create websites that look exactly like real trading apps. You see graphs and balances that go up. But it is a game. The broker controls the prices to make you feel rich so you invest more. If you ask for a payout, the "profits" disappear.

Red Flags

• Unsolicited Contact: They call you from "brokers" you don't know.
• Unregulated: The firm has no legal registration.
• High Returns: They guarantee huge profits or risk-free trades.
• Cannot Withdraw: They refuse withdrawals. They demand "tax fees" first.
• Pressure Tactics: Agents push you to deposit more.

Do not trust fake reviews. Fraudulent brokers often post their own 5-star reviews to appear real.

Verdict

Our verdict is to block RoyalMarkets. It appears to be a scam. Protect your money and find a licensed broker. Avoid royalmarkets.co at all costs.