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Royal Oak Investment Review – Who Is Behind This Broker?
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Royal Oak Investment is just another phony broker in a sea of scammers with a beautifully designed website. Besides having a nice-looking webpage, nothing good can be said about this financial swindler.
Royal Oak Investment does not offer its future users the information that is of utmost importance and that every trader will want to consider before investing. That information concerns the regulation of the company, the headquarters of the company, the company behind the site, and the terms and conditions under which the company operates.
If you want to know more, you can read the rest of our Royal Oak Investment review to learn how does this swindler scam its users, and what you should pay attention to.
Is Royal Oak Investment Legit or a Scam Brokerage?
The biggest problem with fraudulent brokers is their lack of regulation. And while most scammers will provide false information about the company’s headquarters and license, Royal Oak Investment doesn’t even do that.
Nowhere on the website is it stated where the headquarters of the company is located, nor whether it has a license. The absence of a license should prevent a brokerage house from entering the market with the financial offer it has because without it, it is operating outside the framework of the law.
The unscrupulous broker obviously does not hide that it operates illegally and that should be enough of a warning not to do business with the company. What Royal Oak Investment will refer to when clients need a contact are a phone number and email address.
Royal Oak Investment Trading Software Overview
While the Royal Oak Investment website talks about the trading software in augmentative terms, describing cutting-edge technology, the reality is completely different.
Their trading platform is simple web-based trading software, which does not even have additional tools or options for starting automatic trading sessions. While most regulated brokers offer industry standards such as MetaTrader4 or MetaTrader5, which are favored by traders around the world, Royal Oak lies about the quality of its trading platform.
Royal Oak Investment Account Types Available
Royal Oak Investment offers 5 account types to users, as well as an upgrade to a Vip account with additional benefits.
- Trial account – $250
- First time investor – $10,000
- Build your future – $50,000
- Build your monthly – $100,000
- Royal Oak Heritage – $250,000.
As the minimum deposit required increases from one type of account to another, so does the bonus that the user receives. At the same time, you get other benefits that are not available on an account with a lower minimum deposit. That’s one way Royal Oak Investment is trying to get more money out of new users.
Available Trading Instruments at Royal Oak Investment
Like most phony brokerages, Royal Oak Investment offers pretty much everything they could think of. Their offer includes trading with currency pairs, cryptocurrencies, commodities, stocks, and indices.
This scam broker doesn’t experiment too much when it comes to their trading offer. No matter what trading instruments they offer, the first thing that should be in our mind is that this is an investment scam and you stand to gain nothing if you trade through this financial swindler.
Deposit and Withdrawal Procedure for Royal Oak Investment
The minimum deposit at Royal Oak Investment is $250, and the minimum withdrawal amount is $100. Payment and refund methods accepted by Royal Oak Investment are credit cards, bank transfers, or payment via e-wallet, however, there are no options when making a payment, so the client must contact the support team or account manager.
In addition, the fees charged by Royal Oak Investment are high. The withdrawal fee is 1 percent, while the fee for maintaining a passive account is $99 per month, which is a lot when we look at the general market situation.
Royal Oak Investment Offer Bonuses and Promotions
The awarding of bonuses by Royal Oak Investment is also part of the fraud that it carries out. The company requires that the awarded bonus along with the deposit has a turnover of 50,000 times in order for the customer to submit a request for withdrawals. This means that after receiving the bonus, the client won’t be able to withdraw his money.
If the client requests a withdrawal of funds that is more than 20 percent of the total amount, the bonus will be deducted from the client in that case. This means that traders will not get the money that was obtained with the bonus because the conditions for realization are impossible.
Got Scammed by Royal Oak Investment? Get Your Money Back!
If you are a victim of fraud perpetrated by Royal Oak Investment, there is no need to be ashamed of it. Such scam companies are well-coordinated and have trained teams whose sole duty is to manipulate customers.
You can get the money back if you made the payment via Visa or Mastercard card. This allows you to cancel the payment in your bank even up to 540 days after the payment.
If you made the payment via bank transfer, returning your money is not much more difficult if the recipient didn’t, in fact, get your money. In this case, you can simply go to the bank and recall the transfer.
Royal Oak Investment Summary
Every segment of Royal Oak Investment’s business is on shaky legs, and it’s only a matter of time before the company is shut down. It is important to be informed in time so that you do not become a victim of this scam group, because it is not known whether any company is behind the website.
When we frame the entire research it is abundantly clear that Royal Oak Investment is a scam broker. We hope that we have warned you in time and that based on the segments that we have covered in the text, you will be able to recognize potential fraudulent brokers in case they get to you.
FAQs About Royal Oak Investment
Is My Money Safe With Royal Oak Investment?
Your money is not safe with Royal Oak Investment.
What Is The Minimum Deposit for Royal Oak Investment?
The minimum deposit at Royal Oak Investment is $250.
Does Royal Oak Investment Offers a Demo Account?
Royal Oak Investment does not offer a demo account.