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Royalzysk Review | Comfortable Trading Conditions or a Scam?

by Kevin Berry
Rating: 
  1.3/5   Reviews: 2
Royalzysk - logo

Royalzysk is a company that promises guaranteed success. According to its owners, all you need to do is open a trading account with the broker and join the community of active traders. You’ll receive comfortable trading conditions, complete security, and fairness in conducting financial operations. It’s better to check these generous promises before investing. To determine whether it’s a scam or not, we will try to find and analyze data about the project and reviews from real customers.

Highlights

🏛️ Country Saint Vincent and The Grenadines
⚠️ Regulation
🖥️ Website https://www.royalzysk.com/
🎲 Demo Account No
⏳ Start Time 2022
💲 Minimum Deposit $250
⚖️ Minimum and Maximum Leverage
⚙️ Trading Platform WebTrader
📨 E-mail support@royalzysk.com
📞 Phone

First Impression of Royalzysk.com

The developers of the official Royalzysk website tried their best to avoid giving critics reasons for criticism. However, this attempt cannot be called successful. Pages with hardly any textual content are difficult to call informative. Moreover, some decisions look not just debatable, but rather absurd. For example, in the “Legal information” section, there are discussions on why you should choose Royalzysk, which is rather ridiculous. Equally ridiculous translates into only three languages: English, Russian, and Polish.

Royalzysk - website

Partnership and Bonuses

Royalzysk offers several types of bonuses. First, the broker will add 15% to your initial deposit. If you were previously trading with another broker but decided to switch to Royalzysk, you will receive a 10% bonus on your deposit. Additionally, those who refer new clients will receive a reward of 10%.

We should note that the first deposit bonus may encourage traders to fund more money than they can afford to lose, leading to excessive risk-taking. The switch bonus may incentivize traders to make impulsive decisions to switch brokers, without fully considering the potential risks and benefits. Finally, the referral bonus may lead to a conflict of interest, as traders may be tempted to recommend Royalzysk to others for the sole purpose of receiving the bonus, rather than considering whether it is the best choice for their friends or colleagues. So, always be careful with any bonuses.

Account Opening on Royalzysk.com

The registration process at Royalzysk is as easy as pie. You only need to provide a few personal details and contact information. No need to confirm your email or phone number because, hey, who cares about security and privacy, right? Let’s make it easy for hackers and scammers to get their hands on your personal data.

Registration

Once you’re done with the registration, you’ll find yourself in a very ordinary and bland Client Portal. Don’t expect anything out of the ordinary, like cool features or a sleek design. It’s like going to a party and finding out that the host only serves water and celery sticks. Disappointing, to say the least.

Royalzysk - Client Portal

Verification

So, you’ve decided to take your trading to the next level and join Royalzysk? Before you can start throwing money at the market, you’ll need to go through the verification process. Don’t worry, it’s not as painful as it sounds. First, you’ll need to upload some documents to prove that you’re not a bot or a scammer. This could include a copy of your passport, a utility bill, or even a selfie. Once you’ve submitted your documents, you’ll need to sit tight and wait for the approval. This can take anywhere from a few hours to a few days, depending on how busy the verification team is.

But hey, look on the bright side – once you’re verified, you’ll have access to all the trading features that Royalzysk has to offer. And you’ll be one step closer to becoming a legit trader instead of just a guy in pajamas staring at a computer screen.

Pros
  • Convenient uploading form.
Cons
  • Verification terms are not specified.

Trading Software

The trading terminal provided by Royalzysk falls short of being top-notch. It can be downloaded on a PC or accessed through the web version within the personal account. However, there are only a few indicators available for experienced traders, and the rest of the features are also quite limited. In summary, this subpar platform clearly demonstrates that Royalzysk is far from being the best broker on the planet.

Features Royalzysk Clark Financial OceanFX
Demo Account
Mobile App ✔️
Own Development ✔️

How Can I Trade With Royalzysk?

Royalzysk boasts about its trading conditions to a certain extent. We will investigate whether everything is really as great as the company claims it to be.

All Info About Accounts

Royalzysk offers six different account types, including Simple, Smart Start, Complete Package, Gold, Platinum, and a VIP account that is exclusively available to select clients. However, details about the VIP account are not provided, including the required deposit amount. The minimum deposit for the Simple account is $250 and clients receive access to an educational center and daily market analysis. Each account type offers additional services as clients move up the tiers.

Shockingly, the Simple and Smart Start accounts do not allow for setting take profit and stop loss orders. This is a fundamental trading tool that any reputable broker should offer. It is concerning that Royalzysk claims to be the number one broker in the world, but fails to offer such basic functionality. Additionally, information about spreads, swaps, and commissions is not provided.

Pros
  • Low minimum deposit.
Cons
  • Awful trading conditions.

Market Analysis and Education With Royalzysk.com

On the surface, Royalzysk offers market analysis and education, but the quality of these services is anyone’s guess. The fact that they ignore the basics of risk management (we’re talking about stop losses and take profits) in the accounts for beginners speaks volumes about their priorities. Let’s be frank: Royalzysk needs your money. As much money as possible. So don’t count on any accurate predictions from this broker.

Deposit, Withdrawal, and Fees

Royalzysk offers various ways to deposit funds into your trading account, including bank transfers, credit cards, and e-payment systems. However, what caught our attention the most was the withdrawal tab. When you submit a withdrawal request, you are simply informing the company that you want to receive your money. After that, you will have to wait until the managers decide to contact you and clarify the payment details. By the way, you can only receive your funds on a credit or debit card.

Features Royalzysk CED Capital Limited  Gainful Markets
Debit/Credit Cards ✔️ ✔️ ✔️
Electronic Payments ✔️
Crypto Transfers ✔️
Deposit Fee
Withdrawal Fee ✔️

How Can I Contact It?

Royalzysk provides limited options for contacting their support team, with only an email address and a contact form available in the Client Portal. Unfortunately, there is no physical address or phone number listed on the website for those who may prefer more traditional means of communication.

Pros
  • There is an email.
Cons
  • The phone number and office address are not specified.

Is Royalzysk Dangerous?

At first glance, the website and trading conditions of Royalzysk raise some concerns. However, further investigation is needed to determine whether the broker is truly dangerous or not. Let’s take a closer look.

How Long Does The Broker Work?

Do you think a broker who claims to be the number one in the world should have at least 5 or 10 years of experience? Have you ever heard of Royalzysk? We can say with confidence that you haven’t. The fact is that this broker appeared in the industry not so long ago. A domain check shows that it was created on November 14, 2022. It’s impossible to become the number one broker in the industry in just a couple of months. All of this is nonsense and fairy tales for naive traders.

Domain info

How Is Royalzysk Regulated?

To be honest, we initially thought that the broker was from Poland. At least that’s what the name and the languages available on the website suggest. However, we were in for a surprise in the user agreement. According to it, the company is registered in Saint Vincent and the Grenadines. We have already talked dozens of times about how this offshore is not the best place to register brokers. However, that’s not the point. We checked the Saint Vincent and the Grenadines registry and found no mention of the Royalzysk company in it. This is not surprising since the company did not provide any legal information. We conclude that the broker is not officially registered. And, of course, it is providing services without a license.

Legal entity check

Features Royalzysk Lig Broker OceanFX
European Zone
Asian Zone
American Zone
African Zone
Offshore

Frequently Asked Questions (FAQ)

How to Trade With Royalzysk?

You first need to open an account. Then, you can deposit and start trading.

Is Royalzysk Legit?

No, it is not. It is not registered with any financial regulatory body. This means that there is no oversight of its operations.

How Risky Is It?

Royalzysk is a scam. The company lacks proper registration and regulation, which raises questions about the safety of their services. Therefore, we advise against trading with this broker.
Kevin Berry
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Expert Opinion

Here’s my expert opinion on Royalzysk: they seem to have a real bot problem! I mean, have you seen the sheer amount of posts they’ve made on various forums in just a few days? There’s no way a human could spam that hard. And let’s not forget that most of these posts are in Polish, which means they’re specifically targeting the Eastern European market. I guess when it comes to attracting clients, Royalzysk is a firm believer in the motto “Go big or go home”, even if that means using bots to do their dirty work. But let’s be real, if they’re willing to cut corners in their marketing, what other shady practices are they up to? All signs point to trouble, my friends. So if you want to keep your money safe, find another broker.

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Royalzysk rating

The level of trust
Quick withdrawal of funds
Efficiency of technical support
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The level of trust
Quick withdrawal of funds
Efficiency of technical support

2 reviews about Royalzysk

Nelson March 28, 2023 - 21:47
A waste of time
The level of trust

I decided to give the broker a chance and started trading with the minimum deposit of $250. I was hoping to learn more about trading and improve my skills with the help of educational materials and the support team. However, I was disappointed. On top of that, the staff kept pressuring me to deposit more money, even though I wasn’t making any profits. In the end, I lost all my $250, and I’m planning to quit trading altogether.

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Clark April 3, 2023 - 12:12
I'm not sure that this is a real broker
The level of trust
Efficiency of technical support

I wouldn’t recommend this broker to anyone. In my opinion, they seem very suspicious. They promise great returns, but their website is full of contradictions, and their customer support is terrible. I tried to ask them some basic questions about their trading platform, and they just gave me vague answers that didn’t really help me at all. Also, their website doesn’t have any information about the company’s history or regulation, which is a big red flag for me.

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