Bit-royalty is a rare and valuable coin broker that has been accused of being a scam. The broker is not regulated by any major financial authority, and there have been numerous complaints from traders who claim to have been scammed by the company.
Is Bit-royalty a Licensed Broker?
No, Bit-royalty is not a licensed broker. In their “About Us” section they claim to be regulated by BBB A+ rating, which is not valuable and this is just a directory submission confirmation. As they are BBB accredited, then where is there address and location?
Collector’s Society Member, and a Bulk Purchaser of United States Mint non-bullion coins. But, there is no registration number or license number provided to check the validity of their claim.
Why Should Not You Trust An Unlicensed Broker?
There are several reasons why you should not trust an unlicensed broker. First, unlicensed brokers are not subject to the same level of regulation as licensed brokers. Second, unlicensed brokers are often not transparent about their fees and trading conditions. This can make it difficult to assess the risks involved in trading with them. Third, unlicensed brokers may not be able to provide customer support or resolve disputes. This can make it difficult to get your money back if you lose money trading with them.
Can Bit-royalty Be Trusted?
Based on the information available, it is not advisable to trust Bit-royalty. The broker is not regulated, and there have been numerous complaints from traders who claim to have been scammed by the company.
What Do Traders Think About Bit-royalty?
Traders who have used Bit-royalty have had mixed experiences. Some traders have reported losing their money by purchasing fake coins, not getting the ordered coins, and also scamming to purchase more coins.
Scammed By Bit-royalty? – Talk To Our Experts
If you have been scammed by Bit-royalty, you should contact us. Submit your case through our online form and we will provide you with a free consultation and service recommendations. That will help you to recover your lost fund quickly and efficiently.