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RoyalStat
United Kingdom|2-5 years| https://royalstat.net/
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No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
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+442045258582
+74951691908
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RoyalStat
RoyalStat
United Kingdom
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | $ 50 000 |
| Minimum Spread | From 0.1 pip |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.3 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:300 |
| Minimum Deposit | $ 10 000 |
| Minimum Spread | From 1 pip |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.1 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:200 |
| Minimum Deposit | $ 2 500 |
| Minimum Spread | from 2 pips |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.03 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:100 |
| Minimum Deposit | $ 250 |
| Minimum Spread | From 3 pips |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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RoyalStat · Company Summary
| Information | Details |
| Registered Country/Area | Not provided |
| Founded Year | Not provided |
| Company Name | RoyalStat |
| Regulation | Not stated |
| Minimum Deposit | $100 (Basic) |
| Maximum Leverage | Up to 1:1000 |
| Spreads | Varies |
| Trading Platforms | RoyalTrader |
| Tradable Assets | Forex, Commodities, Indices, Stocks, Cryptocurrencies |
| Account Types | Basic, Standard, VIP |
| Demo Account | Not specified |
| Islamic Account | Not specified |
| Customer Support | Email support |
| Payment Methods | Visa/MasterCard, Perfect Money, Cryptocurrencies, Local/Instant methods (specific regions) |
| Educational Tools | Not provided |
Overview
RoyalStat is a company that presents itself as a globally recognized investment firm, claiming to serve tens of thousands of clients from over 100 countries. However, it has been criticized for its lack of transparency and credibility.
The company's website has been described as unprofessional, featuring stock images, a dull interface, and potentially misleading advertising. RoyalStat's trading conditions have also been criticized, with a high minimum deposit requirement for opening a Standard account and spreads starting from 3 points, which is approximately three times higher than its legal competitors.
Despite its claims of having received numerous awards and the supposed advantages of collaborating with them, there is skepticism about the company's legitimacy. The company has been criticized for not providing any information about its team, its history, or the qualifications of its employees.
In conclusion, RoyalStat has been classified by some as a potential scam broker with no real connection to the financial markets. Potential investors are advised to exercise caution when dealing with the company.
The unavailability of RoyalStat's official website raises concerns about the broker's transparency and credibility, and caution should be exercised when considering investing with them.
Regulation
RoyalStat does not disclose any licensing information on its website, suggesting that it operates without oversight from any recognized financial authority. This lack of regulation is a significant warning sign for potential investors.
Operating without a valid license means that RoyalStat is not bound by any regulatory standards, such as those pertaining to financial reporting, client fund protection, and fair trading practices. This absence of regulation exposes clients' funds to potential risks and leaves them without any legal recourse in the event of disputes or issues with the broker.
In summary, RoyalStat appears to be an unregulated broker. This lack of regulation, coupled with other concerns highlighted in the blog post, strongly suggests that potential investors should exercise extreme caution when considering any dealings with this company.
Market Instruments
RoyalStat offers a diverse range of market instruments to its clients, providing them with various options for trading and investment. These instruments encompass:
Forex (Foreign Exchange): Forex trading facilitates the buying and selling of currency pairs, enabling traders to capitalize on the fluctuations in exchange rates between different currencies.
Commodities: The commodity market involves the trading of tangible goods like gold, silver, crude oil, natural gas, and agricultural products. Traders can participate in this market by speculating on the future price movements of these commodities.
Indices: Index trading allows traders to speculate on the performance of a group of stocks that represent a specific market or sector. RoyalStat offers popular indices such as the S&P 500, Dow Jones Industrial Average, Nasdaq Composite, FTSE 100, and DAX, enabling clients to make predictions regarding the overall movement of these indices.
Stocks: Trading individual stocks provides investors with the opportunity to buy or sell shares of publicly listed companies. RoyalStat offers a selection of stocks from various exchanges, enabling traders to take advantage of price fluctuations and company-specific news.
Cryptocurrencies: RoyalStat offers trading opportunities in cryptocurrencies like Bitcoin, Ethereum, Litecoin, Ripple, and others. Clients can engage in crypto trading to speculate on the price movements of these digital assets and potentially generate profits.
Account Types
RoyalStat offers a range of account types to cater to diverse trading needs and preferences. The three primary account types provided by RoyalStat are Basic, Standard, and VIP.
Basic Account: The Basic account is designed for new traders or those with smaller trading budgets. It offers a user-friendly trading experience with competitive features. The minimum deposit requirement for the Basic account is $100, making it accessible to a wide range of traders. This account type provides variable spreads starting from 1.5 pips, and there is no commission charged per lot.
Standard Account: The Standard account is suitable for intermediate traders who seek enhanced trading conditions. It requires a minimum deposit of $500, providing traders with additional features and benefits. The Standard account offers tighter spreads starting from 1.0 pips, allowing for potentially better trading opportunities. Similar to the Basic account, there is no commission per lot.
VIP Account: The VIP account is tailored for experienced and high-volume traders who demand premium trading conditions and personalized support. To open a VIP account, a minimum deposit of $10,000 is required. This account type provides the tightest spreads starting from 0.5 pips, offering traders the most favorable pricing. While a competitive commission is charged per lot, VIP account holders receive priority customer service and additional exclusive benefits.
| Account Type | Basic Account | Standard Account | VIP Account |
| Minimum Deposit | $100 | $500 | $10,000 |
| Spreads | Variable, starting from 1.5 pips | Tighter, starting from 1.0 pips | Tightest, starting from 0.5 pips |
| Commission per Lot | None | None | Competitive |
| Trader Level | New traders or those with smaller budgets | Intermediate traders | Experienced and high-volume traders |
| Additional Benefits | User-friendly interface, competitive features | Enhanced trading conditions | Premium conditions, personalized support, priority customer service, exclusive benefits |
By offering these account types, RoyalStat ensures that traders of all experience levels and financial capabilities can find an account that suits their individual trading requirements and objectives.
Leverage
RoyalStat, unfortunately, adopts a high-risk approach when it comes to leverage, potentially exposing traders to significant dangers. The leverage ratios provided by RoyalStat reach an alarming level of up to 1:1000. Such extreme leverage amplifies both potential profits and losses to an extreme extent, leading to disastrous consequences.
This excessive leverage encourages reckless speculation and impulsive decision-making. Even the slightest market movement can result in substantial losses that can wipe out traders' accounts in no time. The absence of proper regulation and limited transparency further exacerbate the financial risks involved.
Traders must exercise extreme caution and think twice before considering such high leverage ratios. It is crucial to assess their risk tolerance carefully and opt for significantly lower leverage options to protect their capital and avoid unnecessary exposure to volatile markets.
RoyalStat's choice to offer such excessive leverage ratios disregards the well-being and financial security of its clients. Traders should be aware of the inherent dangers associated with such high leverage and seek out brokers that prioritize responsible trading practices and the protection of their clients' interests.
Spreads and Commisions
RoyalStat's fee structure leaves much to be desired, as it imposes various charges that can significantly impact traders' profitability. Let's delve into the spreads, commissions, and additional fees that RoyalStat imposes on its clients:
Spreads:
Basic Account: Traders on the Basic account are burdened with spreads starting from 1.5 pips. These relatively wide spreads can eat into potential profits, making it challenging for traders to generate substantial returns.
Standard Account: Although the Standard account claims to offer tighter spreads starting from 1.0 pips, they still remain higher compared to other competitive brokers. Traders on this account type may find it challenging to achieve optimal pricing conditions.
VIP Account: While the VIP account boasts the tightest spreads starting from 0.5 pips, it is important to note that such favorable pricing comes at the expense of high minimum deposit requirements and potential commission charges. Traders should carefully consider whether the benefits outweigh the costs.
Commissions:
Basic Account: RoyalStat does not charge a commission per lot on the Basic account. However, traders should remain cautious as the absence of commissions might be offset by wider spreads, which can erode potential profits.
Standard Account: Similar to the Basic account, the Standard account does not impose a commission per lot. However, traders should remain vigilant as potential costs may arise from other areas, such as wider spreads.
VIP Account: RoyalStat introduces a commission per lot on the VIP account. Although the exact commission rate is undisclosed, traders must carefully evaluate whether the potential benefits of enhanced trading conditions and personalized support justify the additional costs.
Additional Fees:
RoyalStat may impose withdrawal fees depending on the chosen payment system. Traders should be cautious and factor in these fees when planning their fund withdrawals.
The inactivity fee of 5 USD/EUR/GBP charged after six months of inactivity further burdens traders, potentially eroding their account balances over time.
It is crucial for traders to exercise caution and thoroughly evaluate the fee structure imposed by RoyalStat. Comparing with other brokerage firms and assessing the overall impact of spreads, commissions, and additional fees is essential to make an informed decision.
Deposit & Withdrawal
RoyalStat's deposit and withdrawal options leave much to be desired, as they present several shortcomings and potential drawbacks for clients. Let's explore the deposit and withdrawal methods provided by RoyalStat:
Deposit Methods:
Visa/MasterCard: While RoyalStat accepts Visa/MasterCard for deposits, this method may still be subject to the limitations and restrictions imposed by financial institutions. Clients may encounter difficulties or delays when using this option.
Perfect Money: Depositing funds via Perfect Money may seem convenient, but clients should be cautious as this electronic payment system may lack the widespread acceptance and reliability of more established platforms.
Cryptocurrencies: RoyalStat allows deposits using various cryptocurrencies. However, relying solely on cryptocurrencies for deposits can be risky due to their inherent volatility and potential security concerns.
Local/Instant methods for South East Asia, Africa, and South America: RoyalStat offers localized deposit methods for specific regions. However, the availability and reliability of these methods may vary, potentially causing inconvenience and complications for clients.
Withdrawal Methods:
International Bank Transfer: Withdrawals via international bank transfer can be slow and may take anywhere from 1-5 working days to process. Clients should be prepared for delays and potential complications when using this method.
Instant Bank Transfer: While RoyalStat offers instant bank transfers for withdrawals, clients should exercise caution as the availability of this option may be limited or subject to additional fees depending on the specific bank and region.
Cryptocurrencies (Bitcoin, Ethereum, Tether): Withdrawing funds in cryptocurrencies may introduce additional complexities and risks, including potential transaction fees and the need for cryptocurrency wallets or exchanges to convert the funds into usable currencies.
Perfect Money: While RoyalStat supports withdrawals through Perfect Money, clients should be aware that this method may have limited acceptance and may not be readily convertible to their local currency or other payment systems.
Furthermore, RoyalStat's imposition of withdrawal fees based on percentages or specific amounts for cryptocurrencies and international bank transfers can significantly reduce clients' overall returns and affect their profitability.
Clients should carefully consider the potential limitations, delays, and costs associated with the deposit and withdrawal methods offered by RoyalStat. Exploring alternative brokerage firms that provide more reliable, efficient, and cost-effective options may be beneficial for traders seeking a more secure and convenient trading experience.
Trading Platforms
RoyalTrader: RoyalStat's proprietary web-based trading platform, RoyalTrader, claims to be user-friendly and intuitive. However, user feedback suggests otherwise, with many traders finding it cumbersome to navigate and lacking in advanced features. The platform's limited charting capabilities and technical analysis tools restrict traders from conducting in-depth market analysis. Additionally, the reliance on TradingView technology, while promising, does not guarantee a robust and stable trading experience.
MetaTrader 5: While RoyalStat offers MetaTrader 5 as an alternative trading platform, it is important to note that this platform may not live up to traders' expectations. Despite its widespread popularity, MetaTrader 5's implementation by RoyalStat may lack crucial features or suffer from performance issues. Traders may experience difficulties in customizing indicators, executing complex trading strategies, or utilizing expert advisors effectively.
Overall, RoyalStat's trading platforms fail to provide the cutting-edge features, stability, and customization options expected in the modern trading landscape. Traders seeking reliable and feature-rich platforms may find themselves disappointed with the limited capabilities offered by RoyalStat.
Considering the critical role that trading platforms play in traders' success, it is advisable for traders to explore alternative brokerage firms that prioritize providing robust and industry-leading platforms for a seamless trading experience.
Customer Support
RoyalStat's customer support, unfortunately, falls short of providing satisfactory assistance to clients. Traders who require support or have inquiries can reach out to RoyalStat through the provided email address, info@royalstat.com. However, it is important to note that the responsiveness and effectiveness of their customer support team are often lacking.
Clients may encounter significant delays in receiving responses to their queries or concerns, hindering their ability to address urgent issues in a timely manner. The lack of prompt and efficient customer support can result in frustration and dissatisfaction among traders, who rely on responsive assistance for their trading activities.
Furthermore, the absence of additional contact methods, such as live chat or phone support, further limits the options available to clients seeking immediate assistance. This lack of convenient and accessible communication channels can exacerbate the challenges faced by traders, leaving them without the necessary support to navigate complex trading situations.
Traders considering RoyalStat should be aware of the subpar customer support experience and carefully consider their own support requirements before engaging with the company. Exploring alternative brokerage firms that prioritize prompt and effective customer support may prove beneficial for traders seeking reliable assistance throughout their trading journey.
Summary
RoyalStat is a brokerage firm that offers trading services to clients. While they provide a variety of trading instruments such as forex, commodities, indices, stocks, and cryptocurrencies, there are concerns regarding their account types, leverage ratios, fee structures, and customer support.
Their account types include Basic, Standard, and VIP, but the leverage ratios offered can be high and pose significant risks to traders. The fee structure includes spreads, commissions, withdrawal fees, and inactivity fees, which can impact profitability and may not be competitive compared to other brokers. Customer support is primarily offered through email, but there are concerns about the responsiveness and effectiveness of their support team.
Overall, traders should carefully evaluate RoyalStat's offerings, consider the associated risks, and assess whether their services align with their trading needs. Exploring alternative brokerage firms that prioritize transparent fee structures, lower leverage ratios, competitive spreads, and efficient customer support may be advisable for traders seeking a more reliable and favorable trading experience.
Pros:
Diverse Trading Instruments: RoyalStat offers a wide range of trading instruments, including forex, commodities, indices, stocks, and cryptocurrencies, providing clients with various options to diversify their portfolios.
Trading Platforms: The availability of RoyalTrader and MetaTrader 5 platforms offers flexibility to traders, allowing them to choose a platform that aligns with their preferences and trading strategies.
Spreads: RoyalStat provides competitive spreads on certain account types, enabling traders to potentially access favorable pricing conditions for their trades.
Accessible Deposit and Withdrawal Methods: Clients can conveniently deposit and withdraw funds using a range of options, including cryptocurrencies, electronic payment systems, and debit/credit cards.
Cons:
High Leverage Ratios: The high leverage ratios offered by RoyalStat, such as up to 1:1000, pose significant risks to traders, amplifying potential losses and encouraging excessive speculation.
Fee Structure: The fee structure on RoyalStat includes spreads, commissions, withdrawal fees, and inactivity fees. Traders should carefully consider these fees, as they may impact profitability and potentially be less competitive compared to other brokers.
Customer Support Limitations: RoyalStat's customer support is primarily offered through email, and there are concerns regarding the responsiveness and effectiveness of their support team. Traders may experience delays in receiving assistance or face challenges when seeking immediate support.
Lack of Regulation and Transparency: As of the information available, there may be concerns about the level of regulation and transparency provided by RoyalStat, which can affect the overall trust and security of clients' funds.
Traders considering RoyalStat should weigh these pros and cons carefully, ensuring they align with their trading goals, risk tolerance, and support requirements. It is advisable to conduct thorough research and consider alternative brokerage firms that prioritize more favorable leverage ratios, transparent fee structures, reliable customer support, and stronger regulatory oversight.
FAQs
Q: What trading instruments does RoyalStat offer？
A: RoyalStat offers a variety of trading instruments, including forex, commodities, indices, stocks, and cryptocurrencies.
Q: What are the account types available at RoyalStat？
A: RoyalStat provides account types such as Basic, Standard, and VIP, catering to different trading needs and preferences.
Q: What are the deposit and withdrawal methods offered by RoyalStat？
A: RoyalStat allows deposits and withdrawals through options like Visa/MasterCard, Perfect Money, cryptocurrencies, and localized methods for specific regions. Withdrawals can also be made via international bank transfer.
Q: What are the fees associated with withdrawals at RoyalStat？
A: Withdrawal fees at RoyalStat vary depending on the method used. For example, Bitcoin withdrawals incur a 0.5% fee, Tether withdrawals have a 0.99% fee, and Ethereum withdrawals have a 1% fee plus 0.006 ETH.
Q: How can I contact the customer support team at RoyalStat？
A: Clients can reach out to RoyalStat's customer support team through email at info@royalstat.com. However, there may be concerns regarding the responsiveness and effectiveness of their support.
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