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Do You Want to Know If Royal Tungsten Is Legitimate or a Scam Broker?
Royal Tungsten has a sleek-looking website and describes trading in a way that makes it sound quite simple. However, we have spoken first-hand with Royal Tungsten scam victims. Believe us, it’s way more complicated. The story their home page tells sounds good. Low commissions, streamlined trading, and easy withdrawal. However, we could find no information about licensing, no names of people who run this brokerage–nothing that should make a trader feel secure.
There Are Some Problems with Royal Tungsten
We’ve spoken to people who’ve lost money to Royal Tungsten. This goes beyond online reviews. Who knows if reviews are authentic? However, our clients give us the details about Royal Tungsten. Several have said the broker claims to have no commissions and low spreads, but then they found out how they made their money. Prior to allowing withdrawals, they demand fees of 30% to 40% and claim that they are withholding money for taxes. We are pretty sure this money didn’t go to the tax authorities.
Red Flags that Royal Tungsten Could Be a Scam Broker
- No license
- Huge fees for withdrawals
- 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.