August 25, 2020

StsRoyal Review

Overview:

StsRoyal is advertising itself as cryptocurrencies CFDs broker with five excellent trading accounts that are designed to suit all trading style. However, apart from the name and funds required for each account, it does not share other valuable information on its website. Nevertheless, the promises and claims of this broker are quite attractive, the point here is it’s not regulated by any of the financial regulators. Besides, other trading problems are associated with it. Hence, in this StsRoyal review, we will do an assessment of this broker in consideration. Follow the details explained below and read the full StsRoyal review here.

About StsRoyal:

To deliver an honest and self-explanatory review we make an effort to discuss possible benefits and drawbacks of brokers. At first, we will shed lite on the benefits of StsRoyal. The only possible benefit of this broker we came across was its plethora of trading assets offered to perform trade. The product portfolio of StsRoyal foreign exchange pairs, crypto coins, indexes, shares, and more.

The drawback of StsRoyal include unlicensed and unregulated nature, blacklisted by financial regulators, fails to disclose trading conditions and services offered, and absence of MetaTrader. We will discuss them one by one below.

The website presentation of StsRoyal suggests that the Capital Letter GbmH company registered and operational from the Marshall Islands is the owner of the brand. The brokers operating from the Marshall Islands do not come under the jurisdiction of any financial regulator. Also, getting a license here is an easy task. This holds a major safety and security concerns for possible traders of StsRoyal.

Furthermore, the broker is blacklisted by Belgium based local financial watchdog Financial Services and Markets Authority popularly known as FSMA. Furthermore, the owner of StsRoyal – Capital Letter GbmH was red-flagged by Italian financial authority CONSOB. Now it is clear that the broker StsRoyal is a potential scam broker.

It does not clarify maximum leverages and average spreads offered for trading. Also, a free demo account is not available and this makes it hard to realise possible trading conditions and cost of trading at StsRoyal. A poorly-crafted web-based trading platform is offered instead of the world-famous MetaTrader. It is yet another drawback of StsRoyal. 

Is StsRoyal scam or legit?

The broker StsRoyal is registered on Marshall Island and it is a popular destination of fraud brokers. The trading at this broker is not recommended as it does not show basic information on its website. It is blacklisted by FSMA and CONSOB. It means we are dealing with a potential Australian trading scam.