Royal Tungsten foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.royaltgs.com/en, about the company's legal and temporary regulatory information, the company's address 118, Russell St Melbourne, VIC 3000, Australia..
Royal Tungsten Forex Broker
Basic information
Australia
2-5 years Suspicious Regulatory License Suspicious Scope of Business Australia Appointed Representative(AR) Revoked High potential riskCompany profile
General Information
Royal Tungsten is a forex broker registered in Australia, providing access to a massive financial market, such as Forex, Commodities, Indices, Metals, Energies, CFD Stocks, ETF, and more. With the Royal Tungsten platform, three trading accounts are available, with the lowest required opening deposit being just $1, and traders can employ a maximum leverage of 1:500 on their positions.
However, when it comes to regulatory information, Royal Tungsten disappoints us as it is not authorized or regulated by any regulatory authority. Thats why WikiFX gives it a relatively low score of 1.11/10.
Market Instruments
Royal Tungsten provide access to a wide selection of trading assets, including Forex, Commodities, Indices, Metals, Energies, CFD Stocks, ETF, Cryptocurrencies, Bonds, all available through this brokerage platform.
Spreads & Commissions
Royal Tungsten says it offers spreads from 0.0 pips, with low commissions charged.
Leverage
Royal Tungsten does not elaborate the minimum leverage. Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.
Trading Platform
The MT5 trading platform, widely regarded as the best in the business, is available through Royal Tungsten, which can be accessed on Windows, MacOS, IOS, Android.
Payment Methods
The minimum deposit to get started with Royal Tungsten is $100 and deposits and withdrawals can be made through several payment options, including VISA, MASTERCARD, Neteller, Skrill, Wire Transfer, USDT.
Royal Tungsten promises that no fees or commission charged by them, and it takes only 1-3 hours to approve the withdrawal request, up to one hour to transfer the funds.
Educational Resources
Some educational resources are provided, including Economic Calendar, Forex News and Holiday Calendar.
Customer Support
Disappointingly, either phone support or online chat is provided. Clients who have any inquiries or trading-related issues can only get in touch with this broker through the following contact channels:
Email: cs@royaltgs.com
Company Address: 118, Russell St Melbourne, VIC 3000, Australia
Opening Hours: Monday-Friday 8:30 am to 5:00 pm, Saturday: 9:30 am to 1:00 pm.
Risk Warning
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
Pros & Cons
| Pros | Cons |
| MT5 trading platform | No regulation |
| Online support available | Limited trading assets |
| High leverage up to 1:500 | No clear information on minimum deposit, deposit or withdrawal |
| Educational Contents | No online chat support |
Frequently Asked Questions
Is Royal Tungsten regulated？
No, Royal Tungsten is not regulated.
What is the maximum leverage provided by Royal Tungsten？
The maximum trading leverage provided by Royal Tungsten is not disclosed.
What trading instruments does Royal Tungsten provide？
Royal Tungsten offers a wide selection of trading instruments, including Forex, Commodities, Indices, Metals, Energies, CFD Stocks, ETF, Cryptocurrencies, Bonds.
Rating Index
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Latest Reviews
FX4017921993
France
I started to recharge and trade on this platform. After making a profit, I always wanted to withdraw some funds. The system began to display maintenance. Later, the platform said that my account was abnormal and needed to be reviewed, and kept refusing to withdraw funds. After the review, the account was frozen.
Exposure
2023-06-06
梓枫299
France
I have been conducting normal recharge transactions and wanted to withdraw some funds. Initially, it was system maintenance, which lasted for two weeks. Later, the withdrawal was rejected. The platform now says that my account has been reviewed for anomalies for four weeks, and then notifies me that the account has been frozen, requiring me to verify 40% of the recharge transaction amount. I feel cheated.
Exposure
2023-06-06
FX244677432
United Kingdom
this platform uses encrypted excuses to cheat everywhere, I lost 33000 usd on it. I need to pay taxes for the withdrawal. I think it is an excuse for the black platform to cheat me.
Exposure
2023-06-07