Royal Responds to Fraudulent Activity

Sara Patterson

Royal, online Forex brokerRoyal, a global online Forex and CFD broker, recently discovered a series of scam websites that have copied its company name and branding. The fraudulent companies, largely based in China, have been targeting Royal and its customers and have been trying to trick traders into making deposits that cannot be withdrawn.

Royal, formerly known as rfxt.com, has been in operation since 2006 and has recently rebranded on the new website oneroyal.com. Royal has long valued the safety and security of its traders and has taken these vicious scams extremely seriously by alerting all of its clients and partners and asking them to stay aware of any potential scams. The company has also notified the relevant authorities and has acted swiftly to shut down all discovered scams. Royal is regulated in multiple jurisdictions and operates with licenses and regulation under CySEC, VFSC, ASIC, CMA, and the FSA, and security is one of the company's chief concerns.

“During these times being extra vigilant pays,” says Andrew Taylor,  Royal CEO. “We value the reputation we’ve built with our traders and partners, and we take full responsibility to protect them very seriously." 

Sara Patterson
Sara Patterson has a Master’s Degree in political science and enjoys analyzing both current events and the international markets to get a fuller perspective of the currency market. Before turning to financial writing, she taught English writing skills to high-school age students. Sara’s work has been published on various financial and Forex blogs.

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