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Coin Royal

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Risk Level - High

Scam Evidence & Warnings

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The UK FCA issued a warning against Coin Royal On July 4, 2023, the Financial Conduct Authority (FCA) issued a warning against Coin Royal, believing this broker might be providing financial services or products without proper authorization: https://www.fca.org.uk/news/warnings/coin-royal-coin-royalcom

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BrokersView has reviewed that Coin Royal is an unregulated broker Coin Royal claims to be operated by Businesoft Limited, a company registered with Financial Services Authority of Saint Vincent and The Grenadines (SVG FSA) under registration number 26181 BC 2021. While it is true that matching records exist in the SVG FSA registry, it is crucial to note the offshore financial watchdog has explicitly stated that it does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities. As such, Coin Royal remains unsupervised by the relevant regulatory body.Additionally, the Financial Conduct Authority (FCA) has issued a warning against Coin Royal, believing this broker might be providing financial services or products without proper authorization.In essence, Coin Royal is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

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The Spanish CNMV issued a warning against Coin Royal On July 10, 2023, the Comisión Nacional del Mercado de Valores (CNMV) added Coin Royal to its warning list for providing investment services without authorization: https://www.cnmv.es/Portal/ResultadoBusqueda.aspx?tipo=1&sortExpression=Fecha&sortDirection=1&page=0

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FCA warns the public to avoid Coin Royal once again Coin Royal is still in business, continuing its fraudulent activities to steal money. Therefore, the Financial Conduct Authority (FCA) updates its warning against Coin Royal, cautioning the public to stay away from this unauthorized firm. You may visit: https://www.fca.org.uk/news/warnings/coin-royal-coin-royalcom

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BrokersView has identified that Coin Royal's website is currently offline BrokersView found that the domain "https://www.coin-royal.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

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