Royal Bridge does have a nice-looking website with a relatively coherent flow of information. However, some key info and facts are either missing or fabricated.
That’s why it is important that you read our RoyaBridge Review and learn the truth about this anonymous trading scam. Read all about this rudimental trading platform with no regulation. If you’re a victim of the Royal Bridge scam, we can help you get your money back!
We must warn you right off the bat that Royal Bridge is not a regulated entity. The broker’s dubious legal documentation says that this business (Nadasma Ltd) is based offshore in the Commonwealth of Dominica.
The Royal Bridge Forex scam received only a few reviews, and we believe that some are fake. It is obvious that this unregulated scammer’s sole intent is to steal clients’ funds.
We found one complaint on Trustpilot that perfectly explains how the Royal Bridge scam works. If you’re having withdrawal issues like this, we can help retrieve your money.
Next minute a very persuasive (very clever) man rang and I handed over my credit card details to be billed for USD 250 and was told there will be more ‘staff’ to contact me for more ‘verifications’ details… why do they make contact outside of business hours and before giving any more details out, I asked for my account to be cancelled…
I need to give them more details so they can verify me to return my money! Now I am wondering why didn’t they need any verifications to take money out of my credit card account?
We shall use the complaint we posted to illustrate how the scam works. Royal Bridge’s agents have a pushy manner when persuading traders to invest money. The verification process is seemingly lax when depositing funds.
However, when it comes to withdrawals, Royal Bridge suddenly adopts rigid verification rules, which kind of kills all logic. Unless… The scammer is doing everything in his power to prevent traders from getting their money back.
When it comes to domains, i.e. countries where Royal Bridge was active, the scammer tried to deceive residents of three particular countries. Here is the list of countries where the majority of Royal Bridge’s targets live:
Needless to say, the financial swindler is not authorized to provide services in any of these countries. Royal Bridge is not registered with the regulatory authorities of these domains so if you live in one of these countries, beware of this fraud.
Royal Bridge outright said that the available platform is web-based. After seeing this rudimental online trading terminal, it was clear to us that Royal Bridge does not offer an effective platform. Traders can utilize some basic charts and TA indicators but that’s about it.
There are no advanced tools and options such as automated trading, API integration, live market reports, etc. Those features are available with MetaTrader brokers, and Royal Bridge is not one of them. Make sure your provider offers either MT4 or MT5 for trading, as well as regulated status.
Since Royal Bridge’s platform is browser-based, it can be accessed via any mobile device. Thus, the shady broker did not include a mobile trading app.
Mobile apps enable users to trade on the go, which sometimes is a huge advantage. But trading with an unregulated broker is detrimental so stay away from the Royal Bridge scam.
Royal Bridge was not transparent enough regarding the available trading assets. According to the available information on the website, but also other RoyalBridge reviews, the platform includes the following instruments:
No. Royal Bridge did not include a risk-free demo account, only a live trading account. That’s bad news because you cannot trade for a trial period.
If you truly want to trade with Royal Bridge, you have to open a live account and risk losing real money. If you’re are beginner trader, this is the worst thing you could do, especially considering that Royal Bridge is not regulated.
There are several things you should know about Royal Bridge’s trading conditions. By that, we mean the maximum allowed leverage, spreads, and trading commissions. The broker’s leverage can be set as high as 1:400, which is not in line with the legal limits that regulators had set.
For instance, the UK’s FCA imposed a 1:30 leverage cap for retail clients to help prevent huge losses that super high leverage usually brings. As for the spreads, they float around 1 pip for the benchmark EUR/USD pair, meaning the cost of a trading lot is around 10 $.
That’s decent but it still cannot compensate for the fact that Royal Bridge has no trading license. Recover your funds from this scam as soon as possible!
According to Royal Bridge’s FAQ section, the broker accepts payments via three available methods:
The minimum deposit was not specified but the minimum withdrawal amount is 250 $ for wires and 100 $ for other methods. Keep in mind that legitimate brokers usually do not impose any kind of minimum withdrawal amount requirements. If an account has been inactive for 60 days, the broker charges a one-off 200 $.
Our verdict is that Royal Bridge is not a legit trading platform but rather an outrageous online trading scam. Please avoid this bogus website at all costs!
If you have fallen victim to the foul RoyalBridge scam, please notify our team about it. Global Fraud Protection is willing to help you get your money back. You’re going to need a chargeback, which can be requested at the bank within 540 days. Book a free consultation with us today and start the chargeback process!
Contact us today to start your chargeback process!
No. Royal Bridge is not regulated. This broker will surely try to scam you and steal all your funds.
Royal Bridge seemingly accepts all deposits. The complaint we posted indicates that the broker asks for 250 $. If you lost this money, call us.
No, Royal Bridge’s trading platform is an ineffective web-based trading terminal with no advanced tools.
No. Royal Bridge is not regulated. This broker will surely try to scam you and steal all your funds.
Royal Bridge seemingly accepts all deposits. The complaint we posted indicates that the broker asks for 250 $. If you lost this money, call us.
No, Royal Bridge’s trading platform is an ineffective web-based trading terminal with no advanced tools.
The post Unveiling the Tricks: RoyalBridge Review Exposes a Persuasive Scam Broker appeared first on Global Fraud Protection.
