Royal Wealth review — our honest story about a broker that presents itself as “The Best Trading Cryptocurrency Resource.” The statistics presented on its pages are supposed to demonstrate its uniqueness to traders: more than 20,000 available digital assets, ultra-fast execution of client orders, over 300 million community members, etc. However, in reality, the platform simply collects clients’ money in order to appropriate it. In the materials below, we explain in detail how this scam platform operates and the methods it uses.
- Royal Wealth General Information
- Registration and Client Portal Review
- Account Types Review
- Trading Platform
- Royal Wealth — Deposit and Withdrawal of Funds
- Verification
- Additional Options
- Is Royal Wealth a Scam?
- Legal Information and License
- Royal Wealth Domain Info
- Contacts Review
- Pros and Cons
- Frequently Asked Questions (FAQ)
Royal Wealth General Information
| Website | https://royalwealthltd.com/ |
| Phone Number | +16475586659 |
| support@royalwealthltd.com | |
| Address | 1 Adelaide St E, Toronto, ON, Canada |
| License | None |
| Minimum Deposit | $250 |
| Assets | CFDs |
| Leverage | Up to 1:100 |
| Trading Platform | Webtrader |
Registration and Client Portal Review
The official Royal Wealth website was supposed to give the impression of a quality web resource owned by a regulated broker. A decent template was chosen for this, and… that’s where the developers’ success ended. It’s hard to take it seriously when they couldn’t even set up proper scaling: to see the navigation menu and the registration button in the header, you have to zoom out so much that the text on the pages becomes unreadable. Meanwhile, the banner with the main slogan still takes up too much space, and the chosen background blurs the text.
At the same time, the homepage is somewhat unusual: it lacks the typical self-praise of the company. Instead, it features statistics. This could have been interesting if the data in different sections didn’t contradict each other. For example, the banner mentions 150+ available cryptocurrencies, but just below that, this number changes to 20,000+. We’re told about 440,000 clients and over 300+ million members of the trader community.
The content on the other pages is just as poor as in most similar scam projects. We could not find:
- A list of available markets (even though the account types clearly state that clients are not limited to cryptocurrency trading).
- Contract specifications.
- Terms of non-trading operations.
- Critical information about the broker, especially its financial reports, in open access.
- Educational materials.
- Market analytics.
- Trader tools such as an economic calendar.
It’s telling that even a standard client agreement (Terms & Conditions) is missing. The same goes for other legal documents. As a result, traders have no grounds to deposit funds or trade on this platform.
Probably for this reason, the process of registering a new client is as simple as possible and ignores all regulatory requirements. To create an account, the user only needs to fill in a few fields:
- First and last name.
- Email address.
- Country of residence.
- Phone number.
- Password.
After submitting the form, the trader immediately receives an account and access to the client workspace. No additional checks are required.
Upon login, the page with the web terminal opens by default, from which users can access the client area. Here we see a standard set of functions:
- Editing personal data in the profile and changing security settings.
- Uploading documents for verification.
- Depositing funds and submitting withdrawal requests.
- Viewing the history of trading and non-trading operations.
- Contacting customer support.
The only addition is the ability to fund savings accounts. However, there’s no information provided about the terms offered to holders of these accounts, neither on the website nor in the client area. We weren’t even able to complete this operation. Whether this feature actually works remains an unanswered question.
Account Types Review
Royal Wealth offers traders 5 account types:
- Starter. Minimum deposit $250, leverage up to 1:10, fixed spreads. Only currency pairs are available.
- Bronze. Minimum deposit $1,000, leverage up to 1:10, fixed spreads. Currency pairs and some cryptocurrencies are available.
- Silver. Minimum deposit $5,000, leverage up to 1:20, fixed spreads. Currency pairs, cryptocurrencies, and exchange commodities are available.
- Platinum. Minimum deposit $10,000, leverage up to 1:50, spreads from 2.9 pips. Exchange indices are additionally available.
- Prestige. Minimum deposit $100,000, leverage up to 1:100, spreads from 1.5 pips.
Let’s say it right away — the broker is not generous. Fixed spreads on some account types (which we haven’t seen even among scammers for a long time) and floating spreads starting from 2.9 or 1.5 pips say a lot. Investing $10,000 to trade with 3-pip spreads is something no market participant would want today, except perhaps complete beginners who still don’t understand trading costs. However, it seems the platform creators are counting exactly on such users.
Also worth noting is the increase in leverage as the deposit amount grows. With higher leverage comes increased risk and a higher chance of losing large capital. That’s exactly what the firm wants.
The focus on beginners is also clear from the additional options offered. Most of them are aimed at clients who know nothing about trading. These users will be interested in advisor assistance, insured trades, and trading signals.
Note! We especially liked the terms of the Starter account. Its holders are not even granted access to digital assets by Royal Wealth — “the best trading cryptocurrency resource.”
Trading Platform
Royal Wealth talks a lot and positively about its trading platform on the homepage. The broker lists some parameters of the terminal, highlighting them as its main advantages:
- More than 100 indicators in the standard set.
- 50+ graphic tools for technical analysis.
- Ultra-fast execution, etc.
We could even extend this list by mentioning, for example, multi-chart mode and one-click trading. Since the terminal is based on a TradingView widget, high-quality software could be expected.
However, in our opinion, the terminal is far from as good as the company tries to present it. At the very least, we can list several of its drawbacks:
- Contract specifications are missing here as well.
- We couldn’t figure out how to place a pending order.
- Poor implementation of the watch list, which significantly complicates and slows down symbol selection.
Add to this the inability to expand the list of indicators or automate trading, and we end up with software that is well-suited for technical analysis but practically unusable for actual trading.
Royal Wealth — Deposit and Withdrawal of Funds
When trying to deposit funds, we encountered several problems:
- Deposits can only be made in Bitcoin.
- Attempting to use other crypto wallets fails — the client does not receive either an address or a QR code.
- Bank card transfers also don’t work: the client enters all the details and the transfer amount, a new entry appears in the deposit list, but no real transaction takes place.
- Using other payment systems also failed. When selecting any of them, the client is redirected to the payment system’s website, but no recipient details for the transfer are provided.
A logical question arises: why create the illusion of having multiple available payment methods when none of them (except Bitcoin transfers) actually work? Did the project owners think this would enhance their reputation? It had the opposite effect — the inability to use the most convenient and familiar methods is simply frustrating.
Another interesting detail — the broker charges a 5% withdrawal fee on profits. Most companies do not do this. But it seems this firm has its own view on “profitable” cooperation with clients.
Verification
Although the broker has no KYC or AML Policies, Royal Wealth requires verification of the client’s personal data. To complete it, the trader must:
- Send a photo or scanned copy of a National ID Card/Driver License/Passport to the company.
- To confirm the address, provide copies of a Utility Bill or Bank Statement with the client’s personal data (first and last name, residential address).
- Take a selfie with the document from the first point and upload it.
- Confirm the bank card details (send photos of both sides with part of the number and security codes covered). Mandatory when a card is used for deposits. Given that the only working method is Bitcoin transactions, the necessity of this step is questionable.
The broker’s requirements do not differ from common standards. However, it’s unclear why a trader should send their documents at all. The company ignores KYC, and when working with cryptocurrencies, AML loses its relevance. So how do the platform owners intend to use the collected materials?
Additional Options
We couldn’t find any additional trader offers from Royal Wealth that are worth noting. The only thing to mention is a few risk-free trades. However, their terms leave much to be desired.
There is also a function for managing savings accounts in the broker’s dashboard. However, we were unable to use it.
Is Royal Wealth a Scam?
We have almost no doubts left that we are dealing with a scam broker. However, some users only respond to direct evidence. We have that too, obtained by examining the official information about Royal Wealth.
Legal Information and License
The company is not very eager to publish its data openly. There is no comprehensive information about it, its history, team, achievements, or future plans on any page of the site.
However, in the footer, the firm lists regulation by the Canadian Financial Industry Regulatory Authority. From this, one could conclude that it is registered in Canada, which is indirectly confirmed by the Canadian office address. Accordingly, we searched for the company in the business registries of Canada and its provinces.
Only four companies were found in Canada (three still active) that have Royal Wealth in their names. But none of them are called Royal Wealth Ltd, and none provide brokerage services.
We tried accessing the regulator’s database. However, it turned out that the Canadian Financial Industry Regulatory Authority (CARFIS, CRFIS) is not listed among Canadian organizations that regulate financial services. Moreover, an internet search revealed that this regulator exists only on a single page. No surprise — it’s a page on royalwealthltd.com.
Respect must be given to the broker’s careful preparation of its legend. It even created a subdomain and a page for a fake regulator, posted a link to it, and published documents that never existed.
Now we can make a definite conclusion: the broker is not registered anywhere and operates without a license. The firm is virtual, exists only as a website, and provides brokerage services illegally.
Royal Wealth Domain Info
We know nothing about the company’s actual time of existence. So, we tried to determine how long the firm has been operating online. For this, we used publicly available data from the whois service.
The information received shows that the domain royalwealthltd.com was registered on April 1, 2025. This means that at the time of writing our review, the company had not even existed for two weeks.
Therefore, all the statistics presented on the homepage are simply fake. There are no 10 years of existence, no 440K+ clients, no 120+ countries. There’s only a website and a pseudo-company with a legend that didn’t survive a basic check.
Contacts Review
Royal Wealth is also not rich in contact options. On the contact page of the site, the user will only find:
- An office address in Ontario, Canada.
- An email address.
- A feedback form.
- A phone number.
The scam broker provides no live chat or links to social media pages. That’s not surprising. Most likely, the creators of the project intentionally didn’t give traders quick ways to resolve problems, since by the time the support responds, the client’s losses will have grown — benefiting the company.
As for social media, the situation is different: apparently, no one believes in the long-term existence of the pseudo-firm. So spending time, effort, and money on groups and channels is simply irrational.
Pros and Cons
- Low leverage.
- Low entry threshold — only $250.
- The broker is unregistered; the company operates illegally.
- The platform provides services without a license, which makes its activities unlawful.
- The fake company invented a fictitious regulator and even forged license documents.
- The claimed operational period and homepage statistics are fake.
- The pseudo-company hides key information from traders, such as some trading conditions.
According to the Royal Wealth review, this is not a platform suitable for trading. The broker is not registered, does not have a license, and provides services illegally. Moreover, the company owners deliberately misled traders — they even invented a fake regulator. This means the project cannot be trusted, and we strongly recommend against sending any money to its accounts.
Frequently Asked Questions (FAQ)
The broker offers clients more than 300 CFDs, including assets from all markets, including the crypto market. However, we do not recommend trading with them, as the platform is clearly fake.
The minimum deposit is $250. However, we advise against transferring even this small amount to their accounts — scammers are likely to take it as well.
Absolutely not. The company is unregistered and unlicensed. It cannot ensure transaction security or safeguard client funds. In fact, money is never safe with scam brokers by definition.
They take all your money
My first experience with a broker turned out to be terrible. The company’s terminal is very buggy. It’s almost impossible to get help from Royal Wealth’s managers – most of the time they simply don’t respond. I had no luck with the so-called risk-free trades or with low fees. Actually, no client had any luck with that. I feel like they just take all the money you don’t lose while trading on this fake platform. I wasn’t able to earn anything, even though I invested nearly $23,000…