Royal Trading Center (royaltradingcenter.com) has been flagged by ASIC (Australia) for "Unlicensed". Search IC001 for other entities related to this alert. Link to warnings from overseas regulators: ASC https://www.asc.ca/en/Enforcement/Investment-Caution-List/r/Royal-Trading-Center
Phones: +442037476772, +61283787941 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: royaltradingcenter.com.
I had a dispute with Royal Trading Center (royaltradingcenter.com) and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Low minimum deposit|Two-factor authentication|Regular platform improvements|Fast execution
Cons: Minimum deposit could be lower|None so far
The platform itself is okay, but the customer service at Royal Trading Center (royaltradingcenter.com) is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Professional team|Detailed reporting|Competitive fees
Cons: Slow to add new assets
I have been trying to close my account with Royal Trading Center (royaltradingcenter.com) for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Portfolio tracking tools|Easy withdrawals|Easy to use platform|Personal attention
Cons: No crypto staking
Royal Trading Center (royaltradingcenter.com) locked my account without warning and demanded documents I had already submitted. since early this year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Copy trading available|Good analytical tools|Good mobile app
Cons: Inactivity fee applies after 12 months|Wish they had more educational resources
After for close to eighteen months with Royal Trading Center (royaltradingcenter.com), I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Multi-device support|Demo account available
Cons: No fractional shares|Website design could be more modern
I wanted to transfer my portfolio from another broker to Royal Trading Center (royaltradingcenter.com). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Tax reports included|Regular platform improvements|Competitive fees|Automated trading options
Cons: Currency conversion fee exists|Onboarding videos are outdated
The spread at Royal Trading Center (royaltradingcenter.com) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after attending a webinar they hosted and initially thought the platform was good - until I started trading seriously.
Pros: Good analytical tools|Copy trading available|Reliable uptime
Cons: Limited cryptocurrency options
After for over a year with Royal Trading Center (royaltradingcenter.com) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Tax reports included|Wide product range|Reliable uptime|Portfolio tracking tools
Cons: Desktop app not available on Linux|Email notifications too frequent
The platform at Royal Trading Center (royaltradingcenter.com) is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for about five months of dealing with this, I have had enough.
Pros: Wide product range|Intuitive for beginners|Portfolio tracking tools
Cons: Wait times can be long during peak hours|Email notifications too frequent
The mobile app from Royal Trading Center (royaltradingcenter.com) is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Educational resources|Wide product range|Full transparency|Competitive fees
Cons: No integrated tax optimization|Currency conversion fee exists