Royal Wealth Ltd. has been flagged by Ontario Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". Royal Wealth Ltd. (no relation to Royal Wealth Ltd (UK) in Scotland, United Kingdom) found at https://cfd.royalwealthltd.com and https://royal-wealthltd.com is not registered in Ontario to engage in the business of trading in securities. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
KYC with Royal Wealth Ltd. is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Clear documentation|Tax reports included
Cons: Inactivity fee applies after 12 months|Spreads widen during volatile periods
Several red flags with Royal Wealth Ltd.: (1) They promise unrealistically high returns, (2) They're not registered with Ontario Securities Commission, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Not registered with regulators|Unrealistic promises
The onboarding at Royal Wealth Ltd. was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Customizable dashboard|Competitive fees|Low minimum deposit|Automated trading options
Cons: Could offer more webinars
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Pros: Information is publicly available for verification
Cons: Appears in regulatory warnings database|Uncertain regulatory status
I want to warn everyone about Royal Wealth Ltd.. They have been flagged by Ontario Securities Commission as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Pros: Initially responsive customer service
Cons: Lost entire investment|Reported to authorities|Unresponsive
I had a dispute with Royal Wealth Ltd. 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: Two-factor authentication|Instant funding|Intuitive for beginners|Competitive fees
Cons: Account statements could be more detailed
Do not be fooled by the professional-looking website. Behind the scenes, Royal Wealth Ltd. is disorganized and incompetent. I found them after hearing about them at a conference and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Professional team|Segregated accounts|Excellent charting
Cons: Limited ETF selection|Limited social trading features
I want to warn everyone about Royal Wealth Ltd.. They have been flagged by Ontario Securities Commission as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Pros: Professional looking website
Cons: Lost entire investment|Reported to authorities|Unresponsive