Is Regal Capital Group a Licensed Broker?According to the broker’s website, Regal Capital Group claims to be based in Hong Kong and regulated by the Hong Kong Securities and Futures Commission (SFC). However, upon further investigation, it appears that this information is false. The SFC has no record of Regal Capital Group being licensed or regulated by them.
Why You Should Not Trust an Unlicensed Broker?Unlicensed brokers are not bound by the same regulatory requirements as licensed brokers. They operate outside the law and can engage in fraudulent activities without consequences. This includes withholding client funds, manipulating prices, and other unethical practices. If you choose to trade with an unlicensed broker, you run the risk of losing your investment and have no recourse for legal action.
Can Regal Capital Group Be Trusted?
Based on the fact that Regal Capital Group is an unlicensed broker, it is safe to assume that they cannot be trusted. Additionally, many traders have reported issues with withdrawing their funds, receiving poor customer service, and experiencing price manipulation. These reports are red flags that should be taken seriously.
What Do Traders Think About Regal Capital Group?
Many traders have reported negative experiences with Regal Capital Group. Some have reported being scammed out of their investments, while others have had difficulty withdrawing their funds. Many have also reported poor customer service and unethical practices such as price manipulation.
Scammed by Regal Capital Group? – Talk To Our Experts
If you believe that you have been scammed by Regal Capital Group or any other unlicensed broker, it is important to take action immediately. Contact a financial fraud expert who can help you recover your funds and provide guidance on how to proceed.