Updated on January 5, 2024
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In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding CFD Royal due to the issues we've identified.
Is CFD Royal Scam or Legit Broker? ▲
Upon conducting an in-depth analysis among over 1000 brokers, our findings regarding CFD Royal lead to a disheartening conclusion: CFD Royal is undeniably a scam. The brokerage, under the ownership of Elit Property Vision LTD and situated in Sofia, Bulgaria, lacks the requisite authorization and regulation from the Financial Supervision Commission in Bulgaria or any other reputable regulatory body. For Forex and CFD brokers, possessing a license from pertinent financial authorities is crucial for offering and delivering financial services legally. The absence of such a license with CFD Royal significantly undermines its reliability as a broker for investment purposes.
Registered in: Bulgaria
Type of License: No License
Is CFD Royal safe to trade: No
Recommended Licenses: FCA in UK & ASIC in Australia
Throughout our thorough examination of CFD Royal, several concerning aspects emerged, warranting attention. The parent company, Elit Property Vision LTD, is also associated with other brokerage entities like CarterFS and RichmondFG, which have faced multiple blacklists by various regulatory bodies. This connection does not instill confidence in CFD Royal’s credibility. Additionally, CFD Royal's past association with United Limited, an offshore company based in the Marshall Islands—known for its lax regulatory environment and minimal forex trading oversight—further amplifies concerns. The most alarming revelation, however, is CFD Royal's ban by the UK's Financial Conduct Authority for targeting UK residents without the necessary authorization, clearly indicating why potential traders should steer clear of CFD Royal.
Our advice to investors and traders is unequivocal: avoid CFD Royal along with any other unregulated brokers. The notable lack of transparency regarding the broker's regulatory status, trading conditions, and essential contact information serves as a significant warning signal. Companies operating without clear regulation often engage in investment scams. Instead, traders are encouraged to deal with brokers regulated by trustworthy authorities, such as those in the UK or Australia.
Our latest findings reveal that the CFD Royal website is no longer active. It remains uncertain whether the broker has rebranded to continue its questionable Forex activities under a new identity or has ceased operations entirely. We strongly advise against engaging with any offers from CFD Royal and recommend remaining vigilant for any potential proposals.
When considering alternatives, brokers like Interactive Brokers, City Index, and AvaTrade stand out. They not only offer the security of stringent regulation but also bring to the table comprehensive trading solutions that can meet the needs of both novice and seasoned traders.
CFD Royal Review 2024

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