So, not long ago, we found ourselves perplexed. We noticed that a new broker, Royal Liston Group, had started actively promoting its services by ordering positive reviews. That’s not the issue here, but it seems to us that they’ve got something mixed up. Let’s take a closer look together at what they’re offering and delve into the most obvious scam on the planet.
- Royal Liston Group General Information
- Registration and Client Portal Review
- Royal Liston Group Trading Conditions
- Account Types Review
- Trading Platform
- Royal Liston Group — Deposit and Withdrawal of Funds
- Additional Options
- Is Royal Liston Group a Scam?
- Legal Information and License
- Royallistongroup.com Domain Info
- Contacts Review
- More Details
- Pros and Cons
- Frequently Asked Questions (FAQ)
Royal Liston Group General Information
Registration and Client Portal Review
You see, just by looking at the Royal Liston Group website, we had a lot of questions. The problem is that this broker’s platform is entirely in Russian, with no other translations provided. So why did they assume that the English-speaking audience would be interested in them? Who knows what these scammers are thinking. However, it’s quite an interesting case. We had to use a translator to understand their offerings.
By the way, the Royal Liston Group website is quite typical and standard. There’s even a disclaimer at the bottom stating that they operate according to the laws of the European Economic Area. Yeah, right.
The registration form looks fairly typical as well, albeit in a different language. You’ll need to fill in your personal details. And without email or phone number verification, Royal Liston Group will grant you access to the Client Portal.
Here’s where things get a bit better, though. You can switch the language to English. Surprisingly, Royal Liston Group immediately offers to fund your account, skillfully combining international payment systems with European ones. It looks very strange. As everyone knows, Russia is currently cut off from global systems like Visa and MasterCard. So Royal Liston Group would have had to open accounts there for clients to transfer money using those methods. Moreover, it’s unclear why this scam is targeting the English-speaking market. However, as you can see, our beloved Sepa is also among the listed deposit methods.
Royal Liston Group Trading Conditions
Now, let’s talk about the account types, which are also written in Russian. So we had a bit of a challenge, but we managed to decipher them.
Account Types Review
So, Royal Liston Group offers a total of three account types. The first one is the Beginner Investor. You’ll get a personal manager, access only to the forex market, and an account development strategy for newcomers.
The next account type is the Qualified Investor. You need to fund it with at least $2,000. You’ll not only have access to the forex market but also to the commodities market. Additionally, the broker will provide you with a strategy that claims to yield returns of 17-26% per month.
Lastly, there’s the Pro Investor account. You need to deposit $8,000 for this one. We’re also puzzled by why the amounts are not rounded and why everything is in dollars instead of euros. With this account, clients of Royal Liston Group will have access to the stock and cryptocurrency markets, as well as a strategy claiming to generate 40% monthly returns. Now, let’s be honest, did you really believe that anyone in their right mind would share such a strategy? If you were earning that much, you’d become a billionaire within three years. Doesn’t it seem unlikely that you’d be creating suspicious websites in Russian, offering trading to an English-speaking audience, if that were the case?
Royal Liston Group provides three platform options: desktop, mobile, and web trader. However, the broker conveniently omits any information regarding the source or licensing of these software solutions. Particularly concerning is the web version of the platform, which is “unavailable in our country”. It’s intriguing to wonder which country this broker is actually targeting. Is it Russia? Because Russia is also among the blocked countries. It appears that this broker is not quite playing with a full deck.
Royal Liston Group — Deposit and Withdrawal of Funds
We had to put in quite some effort to figure out what Royal Liston Group actually offers. Indeed, almost all deposit methods are Russian payment systems. Interestingly, as we understood, they are among the most popular ones there. And besides that, as we mentioned before, there’s only Sepa. Well, it seems they’re having a little joke on this matter.
The standard verification process at Royal Liston Group involves submitting certain documents to confirm your identity and follow regulatory requirements. These documents may include a valid ID card or passport, proof of address (such as a utility bill), and sometimes proof of financial means. The broker will review these documents to ensure they match the information provided during the account registration process.
Among the additional services, Royal Liston Group offers account insurance. However, it is important to note that there is no such thing as account insurance in the real market. The concept of insuring a trading account is misleading because trading involves inherent risks, and losses are a natural part of the process. Insurance typically covers tangible assets, but it cannot protect against market volatility or guarantee profits in trading. Traders should be cautious of such claims and focus on sound risk management strategies instead.
Royal Liston Group also offers analytical services and a dedicated FAQ section. However, it is concerning that they do not provide the names of the analysts or experts responsible for the analysis. Without knowing the qualifications and track record of the analysts, it becomes challenging for traders to assess the reliability of the analysis.
Is Royal Liston Group a Scam?
For those who still believe in miracles, and, for some reason, think that Royal Liston Group is a reliable broker, let us attempt to explain in even more detail.
Legal Information and License
Despite our exhaustive efforts, we have been unable to uncover any substantial information about the legal entity behind Royal Liston Group. This lack of transparency raises significant red flags, particularly regarding their claim of operating under European laws. The absence of any disclosed jurisdiction or registration details in their user agreement is concerning. Simply displaying a brand name on their website is not sufficient to establish credibility. Furthermore, no office address is provided, leaving us in the dark about their actual location.
There is absolutely no mention of jurisdiction whatsoever on the Royal Liston Group website. In case of any disputes, traders are instructed to submit complaints via email. This leads us to conclude that it is an anonymous website operating without any indication of a license.
Royallistongroup.com Domain Info
Upon checking the domain information for royallistongroup.com, it becomes evident that the broker is intentionally concealing its true identity. The website was created on April 13, 2023, indicating that this pseudo-broker is relatively new to the industry. Despite having had ample time since then, they have not prioritized legal registration or obtaining a license.
The only method of contact provided by Royal Liston Group is email. This limited means of communication raises concerns about their availability and responsiveness. Email communication can be slow, impersonal, and lacks the immediate assistance that traders may require, especially during time-sensitive situations. It is preferable for brokers to offer multiple channels of communication, such as phone support or live chat, to ensure prompt and efficient customer service.
Interestingly, we noticed something rather peculiar in the FAQ section. The company has created a separate URL for each question. They didn’t even bother to customize the template, which prominently displays the “brand name”, without Royal Liston Group. This suggests that the broker is likely not the sole representative of this fraudulent network of companies. If you don’t take our word for it, feel free to read our review on FinCompose. We guarantee you will find virtually no differences between these brokers, except for the fact that the latter is strangely, in Russian.
Pros and Cons
- Lack of legal data
- No official registration
- Strange website
- No license
- Short lifespan.
Frequently Asked Questions (FAQ)
Royal Liston Group offers a range of financial services, including trading in the CFD market, account management services, and educational resources.
The minimum deposit amount required to start trading with Royal Liston Group is $100.
No, Royal Liston Group is a scam. Due to the lack of verifiable information about their legal entity, licensing, and regulatory oversight, there are concerns regarding the safety and reliability of their services.