Global Broker Regulation Inquiry App
WikiFX
LoukiaCharilaou 
1-2 years
Does Royal Capital have any cons?
Broker Issues
Regulation
08-07
United States
WikiFX
Reply
The biggest downside I see is the expired FSPR license, which leaves the platform without active oversight from FSPR. Additionally, it has regional restrictions, supports limited asset classes, and has a high minimum deposit requirement of $150. From my point of view, the limited asset classes and the lack of lower deposit flexibility are definitely drawbacks.
Similar Questions
Does NuInvest have any cons?
Thobani Dlalda
07-14
What are the pros and cons of JP Markets?
Interbank Trader
06-13
According to your assessment and the available reviews, how legitimate do you believe SSI is?
JV1s24K_g0ld
08-31
Is EXCO regulated?
Allan777
06-23
Can I trust GIC as a legit broker?
Nali5689
07-18