Do You Want to Know If Royal Tungsten Is Legitimate or a Scam Broker?
Royal Tungsten’s website looks pretty good. It doesn’t seem to be a typical broker scam. The language isn’t too hypey, but we do wonder how it manages to make money if it claims not to charge commissions and has low spreads. However, our customers told us how Royal Tungsten makes its money–from crazy fees they don’t warn people about on the homepage. We have heard firsthand from people who have lost money to Royal Tungsten.
There Are Some Problems with Royal Tungsten
People think they are making money with Royal Tungsten, until it’s time to withdraw funds. Then, the broker will tell them they have to pay fees for 30% to 40% in taxes or they find other excuses. Traders usually have to take care of capital gains themselves. When a broker withholds your money, it’s important to ask questions. Unfortunately, too many people are persuaded that this is acceptable. It isn’t.
Red Flags that Royal Tungsten Could Be a Scam Broker
- No license
- Exorbitant fees
- No transparency
- Misleading statements
- Verified customer complaints
If You Need Fund Recovery from Royal Tungsten, Talk to Us
We create these reviews to warn consumers about brokers and schemes that may be fraudulent. If you have an account with this broker close it and request a withdrawal. If you are not given your money back, contact Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.