RoyalFX Scam Warning: FCA Warning and Remote Access Tactic

RoyalFX is a forex scheme that opens accounts on the promise of high returns in a short time, shows profits on the screen, and when a withdrawal is requested first asks for a new payment. Some users were also asked to install a remote-access programme on their phones or computers.

🚩 Why Is Withdrawal Always Tied to a Payment?

The user starts with a small amount; a representative calls many times during the day, has new positions opened and asks for the balance to be increased. When a loss appears, an extra deposit is requested to "save the account"; when a profit appears, a fee for tax, commission or account activation is requested before withdrawal. Each time a payment is made, a new charge appears.

🔍 Official Records on royal-forex.com

On 24 November 2023 the FCA published an unauthorised business warning for ROYALFX / royal-forex.com; the warning lists an address in Northwich, Cheshire, the number 8007074047 and the email [email protected]. The same entry was also added to the international warning network of IOSCO. The domain is not live today; schemes of this kind can continue under new domains in place of a closed address.

RoyalFX is not authorised in Türkiye by the SPK. SPK Decision No. 8/297 of 24 February 2017 announced to the public that leveraged transactions carried out with overseas institutions are outside investor protection. No connection has been established between this scheme and the similarly named "Royal Forex", which operated in Cyprus in the past.

🔗 Other Platforms Using the Same Method

The scheme of installing remote-access software and tying withdrawal to new payments is not unique to RoyalFX. We have previously covered other platforms where the same steps were followed:

🧭 How Does the Legal Process Work?

1. Starting the criminal complaint process with transfer records and correspondence
2. Assessing the possibility of a SWIFT recall for transfers sent abroad
3. Pursuing routes for a refund from an overseas firm through the accounts the money was traced to

For detailed information and legal support, you can contact Savun Law & Consultancy.

❓ Frequently Asked Questions