Broker Review: Royal GTX
General Information
General InformationRoyal GTX is a broker that’s been around for quite a while now, namely, since 2010. However, don’t let the decade of business experience fool you into thinking they are secure. The broker has a whole host of issues, ranging from negative reviews, to even warnings by regulatory bodies.
In our Royal GTX review, we will aim to present the complete picture of the broker. Our hope is to help inexperienced traders learn to recognize scam brokers from honest businesses.
Funds Trading and Security
Royal GTX isn’t the first broker with a ton of negative reviews, and it certainly won’t be the last. And while the amount and consistency of complaints against them is strong indication against the broker’s security, it’s not all.
Further proving Royal GTX is a scam is a warning by the UK’s FCA. To warrant something like that, the firm must’ve been conducting malicious practices for years. Coupled with that, there’s the usual lack of license and hidden info, including the location. All that is strong proof towards Royal GTX being a scam, but there’s even more coming in the rest of the text.
Trading Accounts
Trading accounts at scam brokers nearly always follow the same formula. There’s no demo, the first account costs $250, and the later ones cost way more. Royal GTX seems to have followed the formula exactly, as the accounts progression goes $250>$10000>$50000. Needless to say, neither of them is near providing a good enough service for the cost.
Trading Conditions
The trading conditions at Royal GTX are, even if you forget that they’re a scam, laughable. The only thing that seems good is the bonuses, however the conditions to redeem those are never worth it. As it stands, the promotions serve as bait for inexperienced traders.
When you go past those, you see that the leverage you’ll realistically get is only 1:100 and that the spreads start from 1.3, which is quite high. Along with the limited asset count and poor account typing, it becomes clear that finding a much better alternative is a simple task. We’d go as far as to say that clicking on a random broker will probably yield better results than using Royal GTX.
Trading Platform
If there’s one positive thing we could say in our RoyalGTX.com review, it’s that they almost did the right thing with their trading platform. Namely, they use MT4 for both their mobile and downloadable client. We say they almost did everything right because they still use a proprietary web client. The proprietary platforms these scam brokers put out are semi-functional at best, and often have security issues.
Royal GTX’s Trading Products
Royal GTX’s trading instrument page shows you a list of categories with only the “main” assets for each category. We’re unsure what criteria they used to determine which trading products are the main ones. However, it’s highly likely that the page’s intentionally been set up that way to avoid giving out a detailed list of instruments.
Customer Service
Royal GTX’s support is missing a live chat option, which, while far from the worst thing they’ve done, indicates a lack of effort. To further hammer on their point is the fact that they state their support works during working hours. However, they forgot to mention what those working hours are, so you’ll just have to guess.
Phone: +44 203 885 2113
Email: info@royalgtx.com
Conclusion
ConclusionRoyal GTX is a scam broker, and we feel like they’ve done very little to hide that fact. Everything on their website, from the unintuitive navigation to the lack of meaningful info, screams untrustworthy. Furthermore, they’ve earned a warning from the FCA in the UK, which means they’ve been pretty persistent in scamming people.
By now, it should be clear from our Royal GTX review that you shouldn’t even consider using their services. You can find much better, and more importantly, safer
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Support
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Platform
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Trading Instrument
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Unresponsive customer service
I traded with this broker for a few months but closed my account due to unresponsive customer service. I have lost a lot of money just because I can’t connect to them for help when I need support.
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Bad broker company
Bad broker company. Do not deal with them.
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Frustrating withdrawals
There are so many issues on their withdrawal process. Very frustrating.
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Rude customer service
Poor customer service. They sounded very rude all the time.
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Slow withdrawals
I am a bit disappointed with their withdrawal process, aside from lots of documents needed, I am waiting so long for the money. It’s been a week I still don’t have it.
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Annoying withdrawal process
Poor customer service and slow withdrawal process. I am so annoyed with their withdrawal process. I’m not trading with this broker again.
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Not a good broker
They are very unprofessional in dealing with customers. Not a good broker.
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Lost money on them
I am skeptical on my first encounter with this broker. I wish I could have followed my intuition, I regret dealing with them. I have lost huge money on their CFD trading.
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Poor services
The services are not worth it. Signals are poor and withdrawal is slow.
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Poor services
Poor services. I will never use this broker service again.
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Poor trading broker
You will never make any profit from this broker. I and my friends trade with this and we all lose. I wonder if the broker gets anything from losses as if they just merely collect deposits.
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Seriously worst
Seriously worst. Do not transact with anyone of them. They are not regulated and they froze money for no reason.
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Got so many losses
They have fooled me to deposit for more. I could have cut my losses if I stopped trading earlier.
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Bad company
Bad company. I will never invest my money with this company again.
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Annoying withdrawal process
Poor customer service and slow withdrawal process.I am so annoyed with thier withdrawal process. I’m not trading with this broker again.
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Scam
This is very bad broker. They scam people.
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Not so good trading terms
Not so good trading terms.Very low leverage and a lot of policies upon withdrawal.
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Bad broker
Bad broker and poor services. All they care about is your deposit but will never give good support.
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Bad broker company
I get nothing but losses. Do not deal with this broker company.
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Not worth my time
Not worth my time. The signals are poor and unprofitable.
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Delayed withdrawals
Delayed withdrawals. They do not process withdrawals promptly. Even if I comply with all of the requirements, I still great delay on withdrawals.
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Poor services
Poor services. Make sure not to trade with this broker.
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Poor signals
Poor signals from the brokers. I can’t recall getting at least a decent profit.
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Not so good trading terms
Not so good trading terms.Very low leverage and a lot of policies upon withdrawal.
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Bad services
Bad services. Do not use this broker service.
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Fraudster
Do not trade with this company. They are fraudsters.
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Unreliable broker
Not satisfied with the services. Withdrawal is very slow and signals are unreliable.
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Fake broker company
Fake broker company. If I only knew from the start I could have avoided them.
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Poor services
Poor services. Not a good broker to deal with.
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Too many charges
There are so many charges that pop up once you requested a withdrawal. They will end up getting less.
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Poor broker company
Poor broker company. They do not pay profit and withdrawal is very slow.
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Dishonest brokers
Dishonest trading broker. Had so many hidden charges.
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Scam
It is a scam, crystal clear. Do not deal with them.
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Bad broker
They have lured me to deposit more in the hope of getting more profit. But I have lost more instead.
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Slow withdrawals
Slow withdrawals. Services are not ideal for gaining good profits.
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Bad broker
Trusting this broker was my biggest mistake. They have stolen all my money.
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Bad broker
The product is misrepresented on their website. Does not really work well.
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Worst broker
Worst trading brokers. Avoid trading with them. I had nothing but losses.
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Poor customer service
Poor customer service. They can not assist me in my trading needs and can not seem to understand English fully.
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Bad people
Bad people, they stole money from innocent.
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Big time scammers
Big time scammers. I warned everyone not to deal with them.
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Poor broker
Poor broker performance. Not recommended.
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Rude
Rude customer service. They do not process withdrawals also.
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Scammers
Scammers. Do not invest money here.
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Unresponsive customer service
Very unresponsive on emails and chats. Their withdrawal process is even slower. Friendly customer service but the response is delayed.
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Can't withdraw money
Frustrating experience. I can not withdraw my money.
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Bad company
Bad company, unprofessional people, and the worst services. Avoid trading with them.
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Unable to withdraw
I am unable to withdraw profit. They gave me hard time.
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Poor broker
Poor services and worst tools.
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Bad company
Bad broker company. Do not deal with this.
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Not recommended
Unregulated and dishonest broker. Not recommended.
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Annoying withdrawal process
Poor customer service and slow withdrawal process. I am so annoyed with their withdrawal process. I’m not trading with this broker again.
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Terrible forex broker
Terrible forex broker. I have gained profit within a minimum deposit and so I am convinced to add more. I have deposited a huge amount hoping for a good profit but I lost my money instead.
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Frustrated with customer service
I am so frustrated with their customer service, they are unhelpful and unprofessional. I needed help with the platform but they have sent me an email tutorial instead that I can’t even understand. As if they are not willing to help me over the phone.
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Not so good trading terms
Not so good trading terms. Very low leverage and a lot of policies upon withdrawal.
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Avoid them
Illegitimate broker company. Avoid them.
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Not a good broker
They are very unprofessional in dealing with customers. Not a good broker.
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Bad broker
Bad broker and poor services. All they care about is your deposit but will never give good support.
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Keep on cancelling withdrawals
They keep on canceling withdrawal requests using different grounds. I am very frustrated can not even take my first withdrawal.
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Scam
This is a very bad broker. They scam people.
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Bad company
Bad company. I will never invest my money with this company again.
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Bad broker
They hand up on me on topics of withdrawals but are very prompt on deposits. Bad broker.
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Poor customer service
Poor customer service. They can not assist me in my trading needs and can not seem to understand English fully.
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Lose money here
I have lost so much money on this. I feel like they earn from deposits and not really from winning trades.
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Bad brokers
They never attend to my trading needs. After depositing my hard-earned money, they turned so very difficult to contact.
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Poor trading service
Poor trading services. I have used this broker service for a month and I never got any refund. I have observed signals are most of the time against the market movements.
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Poor services
Poor services. Not a good broker to deal with.
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Liars and cheaters
Liars and cheaters. Do not fall on their tricks, it is just a way to rubbed your money.
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Rude customer service
Extremely unhelpful and rude customer service.
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Stupid customer service
Stupid customer service. They can not comprehend and has poor communication skills.
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Scammers
Do not give out any information, they are scammers.
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Not so good trading terms
Not so good trading terms.Very low leverage and a lot of policies upon withdrawal.
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Fake brokers
Put them on your do not deal list. Unregulated and fake brokers.
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Poor trading signals
Trading with them is very unproductive. Poor trading signals and bad customer service.
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Waste of money
Do not trade with them. It is just a waste of money.
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Scam
Do not get involved in this scam. I guess they are big syndicate,s not brokers.
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Beware
They steal money from people. I have lost all my money on this, beware.
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Fake broker company
Fake broker company. If I only known from the start I could have avoided them.
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Bad broker
Don’t fall for their trading offers. It’s a trap, all they want from you is your money.
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Unreliable broker service
Very unreliable broker service. You can’t even rely on their customer service for help. Do not deal with this broker service.
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Liars
I was advised that they are institutions to help me recover funds but it was a complete lie. Nothings happens.
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Can not withdraw
The service sucks! I can not withdraw my money.
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Do not trust
I suggest not to trust them. They tell all good things at the start but will never happen.
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Do not trust
I suggest not to trust them. They tell all good things at the start but will never happen.
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Do not deal
False fund recovery. Do not deal with them.
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Rude customer service
Rude and slow customer service. They can’t even help resolve trading concerns.
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Bad broker
Trusting this broker was my biggest mistake. They have stolen all my money.
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Worst company
They are one of the worst companies I have ever traded with. Not a good company to trade with.
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Not worth my time
Not worth my time. The signals are poor and unprofitable.
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Poor signals
Poor signals from the brokers. I can’t recall getting at least a decent profit.
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Big time scammers
Big-time scammers. I warned everyone not to deal with them.
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Poor services
Poor services. Not a good broker to deal with.
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Worst broker
Worst trading brokers. Avoid trading with them. I had nothing but losses.
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Pricey trading instruments
Trading with them is too pricey. I am not going to deal with them again.
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Waste of money
Do not trade with them. It is just a waste of money.
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Delayed withdrawals
Delayed withdrawals. They do not process withdrawals promptly. Even if I comply with all of the requirements, I still have great delays on withdrawals.
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Poor signals
Poor signals from the brokers. I can’t recall getting at least a decent profit.
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Bad broker
Trusting this broker was my biggest mistake. They have stolen all my money.
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Bad broker
Trusting this broker was my biggest mistake. They have stolen all my money.
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Not worth it
Not worth my money and time. I did not gain profit from trading with this broker.
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Disrespectful customer service
Disrespectful customer service. They sounded so rude all the time.
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Unreliable broker
Unreliable and dishonest broker company. Do not deal with them.
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Worst services
Worst trading signals and services. Do not trade with this broker.
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Stay away
Stay away from these broker offers. They are not a legit broker company.
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Bad customer service
Bad customer service. They are not accommodating and prefer to ignore trading concerns.
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Poor brokers
Poor trading signals and services. Not recommended at all.
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Scam
This is a very bad broker. They scam people.
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Not recommended
Worst broker company to deal with. Not recommended.
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Poor broker company
Poor broker company. They do not pay profit and withdrawal is very slow.
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Not recommended
Worst broker company to deal with. Not recommended.
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Slow withdrawals
I have used their services for several months, with slow withdrawals.
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Poor trading company
Poor trading company. Signals are unreliable.
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Constant change of terms
They keep on modifying their terms as if they are trying to match it to something. It constantly changes.
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Rude customer service
Rude and slow customer service. They can’t even help resolve trading concerns.
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Unreliable signals
It isn’t a good idea to trust this broker. Signals are so much unreliable
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Not recommended
Worst broker company to deal with. Not recommended.
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Lose money here
I have lost so much money on this. I feel like they earn from deposits and not really from winning trades.
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Bad people
They took all my money and ran away. They blocked me and my phone number.
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Waste of money
Do not trade with them. It is just a waste of money.
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Poor broker service
Poor broker services. Do not deal with them.
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Poor broker
Poor broker performance. Not recommended.
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Poor broker
Poor broker performance. Not recommended.
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Poor trading platform
Poor trading platform. Aside from it being very complicated and difficult to understand, there are so many technical problems I have encountered along the way.
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Pricey trading instruments
Trading with them is too pricey. I am not going to deal with them again.
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Poor services
Poor services. I will never use this broker service again.
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Hassled withdrawals
I experience so much hassle in their withdrawal process and so I decided to just stop trading with them. It happens not just once but it happens on all of my withdrawals.
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Slow withdrawals
They have the slowest process when it comes to withdrawals. been with several brokers have switched because of slow withdrawals. I thought it’s going to be faster with this broker but no it is even worst than I can imagine.
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Bad broker
Trusting this broker was my biggest mistake. They have stolen all my money.
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Can't withdraw money
Frustrating experience. I can not withdraw my money.
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Unprofitable signals
Unprofitable trading signals. I am not happy with the services either.
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Bad brokers
They never attend to my trading needs. After depositing my hard-earned money, they turned so very difficult to contact.
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Bad company
Bad trading company. Do not trade with this broker company.
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Fake broker
Nothing is real. All fake. I see profit but just virtual money, I can not withdraw them.
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Poor services
Poor services. Do not trade with them.
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Poor customer service
Poor customer service. They seem clueless about their job.
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Troubled with withdrawals
I have experienced so much trouble requesting a withdrawal. They always deny my request.
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Difficult to withdraw
Very difficult to withdraw money from this broker, they will give you hard time and ask for so many things for verification.
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Unreliable signals
Unreliable trading signals. Not a good fit for online trading.
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Stay away from them, all they want is your money
Some of my friends were recently scammed by this cony crook till we came across fundsrecovery01 @ g-mail,com who helped us recover over half of our initial investment
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Do not deal with them
Funny how these people believe that they can get bank details over the phone. Do not provide anything when they called.
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So much losses
Not worth trading with. I had so many losses.
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Slow withdrawals
The slow and difficult process of withdrawals. Won’t recommend this.
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Poor services
Poor broker service. Do not trade with them.
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Cheaters
Do not trade with them. They are cheaters.
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Stay away
Stay away from this broker service. They are one of the worst.
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Bad broker
Trusting this broker was my biggest mistake. They have stolen all my money.
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Poor trading advice
Poor trading advice. I end up losing more money.
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Inaccurate signals
This for me is the worst broker for online trading. Signals are not been accurate.
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Irresponsible people
These people don’t have a sense of responsibility as my account manager, they should be responsible for helping me manage my trades but they always ignore my concerns.
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Worst broker
The worst trading broker I have ever dealt with. Aside from signals that aren’t that much profitable, instruments are very very expensive.
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Bad people
Bad people. They called me one day offering a really good deal and so I trusted them but they ran away with my money.
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Poor customer service
Poor customer service. I can’t even get a decent answer to my queries.
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Can't withdraw money
Frustrating experience. I cannot withdraw my money.
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Bad broker
They hand me over the topics of withdrawals but are very prompt on deposits. Bad broker.
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Poor trading system
Poor trading systems. There are so many lags and glitches.
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Slow withdrawals
Slow withdrawals. I will never trade with them again.
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Avoid this broker
Avoid trading with this broker, they are not good company.
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Stay away
Stay away from them. They will ripped off your bank account.
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Scam broker
It’s a scam. Do not trust this compay.
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Stay away
Did not pay my profit. Stay away from them.
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Not recommended
Worst customer service and poor signals. I am not going to recommend this trading company.
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Worst broker
Worst broker. They are illiterate and can’t seem to understand me.
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Bad trading experience
Bad trading experience. I have lost a fortune.
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Avoid them
Avoid this broker by all means. They are not regulated.
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Fewer trading instruments
Trading instruments are very few just the usual. Fewer chances to get good trades.
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Lengthy withdrawal process
Lengthy withdrawal process and poor customer service. I felt like I am not getting the support that I need.
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Poor signals
Poor signals and unprofitable trading advice. I also had a hard time processing withdrawals.
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Unable to withdraw
Hanky panky rules on withdrawals. They will beat around the bush to block withdrawals.
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Fair but not good
The services are fair but not good. They are friendly but the trading result is not that impressive.
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Profit withheld
Profits withheld. They have freeze my money and won’t let me withdraw. They said it is due to their policy. I am having trouble requesting a withdrawal.
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Rude and unprofessional
So rude and unprofessional. Funny how friendly these people are upon account activations and turned out to be monsters on withdrawal requests.
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Freezing platform
Freezing trading platform. This is a known issue which I reported during the time I am trading with this broker but was never resolved.
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Not good at all
Not recommended. Services, signals, and tools are not good at all.
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Unhappy with services
I am not happy with the services. I did not get the right support I needed to succeed in trading.
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Not a good broker
Not a good trading broker. They have so many gray areas in their policies and procedures.
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Poor customer service
Poor customer service. They can not help with any trading concerns.
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Difficult withdrawal process
I wonder why it is taking them a few weeks to process a simple withdrawal, they even ask for so many documents.
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Slow withdrawals
Very slow withdrawal process. I have been waiting for weeks to have my first withdrawal but up until today I still don’t have it.
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Slow withdrawals
Slow withdrawals. I will never trade with them again.
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Do not pay profit
This broker did not pay me my trading profit. This review serves as a warning, stay away from them.
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Slow withdrawals
I am unhappy with the services. Withdrawals here is a tedious and slow process.
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Do not take offers
Do not take offers from this broker. I have lost so much money on their offers.
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Avoid them
Avoid this broker, they do not pay a profit.
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Terrible broker
Terrible forex broker services. The platform has technical problems, signals are poor, and even customer service. Not recommended at all.
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Poor services
Poor services, rude customer service, and slow withdrawals. No reasons to keep the services and no reasons to recommend them.
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do not trust them !!
Scammers!! do not trust them !!
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Poor signals
Not an ideal trading broker to trade forex with. Signals aren’t good at all.
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Do not trade
Do not trade with unregulated brokers. It is very dangerous to do so.
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Poor services
Poor services. I am never happy nor satisfied with any of their services and tools.
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Unreliable
Unreliable trading advice. I have followed their trading advice but still, lose money on their trading scheme.
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Bad trading brokers
Bad trading brokers. They are very manipulative and harassing. They often call asking for more money.
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Poor broker service
Poor broker signals and worst services. I understand trading includes risk but I never thought their services are that worst.
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Do not trust
Do not trust this forex broker. They will just collect your hard-earned money and will never grant your withdrawal request.
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Awful services
Services are very awful. I never earn anything trading with them, in fact, I have lost money instead.
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Incompetent brokers
Incompetent brokers. I have used their services and it is no good at all.
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Manipulative and rude
Don’t trust this broker. They are manipulative and rude.
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Unprofitable signals
Don’t trust their sweet words, you will get nothing but losses. Unreliable brokers. Signals are poor and unprofitable.
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Scam brokers
Scam brokers. Stay away from their offers.
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I lost huge money on this
I am so much depressed at the moment for losing huge money on this broker service. They told me not to place trades on my own which I did, they were the ones guiding the trades however I am surprised to see the next day that I lost everything.
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High slippage
I have noticed high slippage and some discrepancy in pricing compared to other brokers. I felt like something is wrong and so I stop trading with them.
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Bad brokers
Stay away from this broker service. Bad support, harassing brokers, and slow withdrawals.
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Customer service is not available most of the time
Calling customer service is very annoying. They are not available most of the time, I only hear an endless ring.
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Inefficient broker service
I am not recommending this broker. I have lost all my money, inefficient brokers, and poor signals.
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Scam
Scam! scam! scam!!!
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Rude and disrespectful
Rude and disrespectful customer support. I am very much annoyed with how they treat me over the phone.
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Frustrating withdrawals
Frustrating withdrawal process. There are so many issues and requirements.
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Rude and arrogant
They are rude and arrogant. I feel so unhappy dealing with them.
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Bad company
Bad trading company. Avoid trading with them.
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Unreliable brokers
Signals bring so many losses. Not a reliable trading broker.
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Stay away
Stay away from this trading company. Do not trust them.
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Difficult withdrawals
I had a hard time getting my withdrawals. They don’t even attend to my withdrawal concerns.
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Scammers
Avoid trading with this broker, they are scammers.
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Bad trading partner
Bad trading partner. They will let you trade on your own after deposit.
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Not recommended
Worst customer service and poor signals. I am not going to recommend this trading company.
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Stay away
Stay away from this fake broker. Don’t be a victim of their scam.
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Stay away
Stay away from them while you can. They have caused me so many miseries.
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Scammers
Scammers. Do not trade with them.
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Do not trade with them
Do not trade with them. They are not a good broker.
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Poor trading services
Services are good at the start but will become worst eventually. Do not deal with this broker company.
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Bad brokers
Bad trading broker. I am not happy with the services.
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Lost money here
I have lost all my money on this. Be careful, do not deal with them.
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Bad people
Bad people, stole money from innocent.
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Stay away from this broker
Stay away from this broker company. They keep on asking for deposits but can not even process simple withdrawals.
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Bad brokers
They never attend to my trading needs. After depositing my hard-earned money, they turned so very difficult to contact.
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Inefficient brokers
Avoid this broker company. They are inefficient brokers.
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Do not entertain
Do not entertain phone calls from these people. Their goal is just to collect money from random people around the world.
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Poor company
Poor trading company. They did not process my withdrawal.
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Bad brokers
Bad brokers and poor customer service. Do not trade with them.
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Lose money here
Good at the beginning but is becomming really worst. I lose money here.
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Poor trading tools
Poor trading tools. Design to make you lose money.
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Avoid this broker
Avoid trading with this broker, they are not a good company.
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Worst platform
The worst platform I have ever used. Has so many technical problems.
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No withdrawal process
No withdrawal process. They will just give out excuses but will never let you withdraw money.
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Scam
Scam 100% so please stay away from them.
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Scam broker
No one wins here. It is a scam broker, plain & simple.
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Do not trade
Do not trade with them. They will never process your withdrawals.
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Scammers
Don’t be a victim of their scam, stay away from them.
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Do not deal
They have taken all my money. Do not deal with them.
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Bad broker
Not a good broker for online trading. They do not pay for profit.
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Poor company
Poor company for online trading. I can’t recommend them.
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Unregulated and fake
Unregulated and fake brokers. It’s up to you if you’d trust them.
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Worst broker
The worst broker I ever had, they stole all my hard-earned money.
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Unregulated broker
They do not have regulations and are only trying to get money from people.
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My dignity? gone
My money? gone
My hopes and dreams to buy a house ? Gone
I know it is my fault, I mean, I chose them but still.
The brokers are scam 100% scam
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Stay far away from them!
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