If you’ve seen online that Royal Tungsten is a regulated Australian broker, don’t believe it. There was actually some truth to it only because Royal Tungsten once has a license from ASIC, the Australian financial regulator, but their license was revoked. Keep in mind that brokers don’t lose their licenses for absolutely no reason. So why did Royal Tungsten lose its license and why do so many customers suspect it’s a scam.
We have received many complaints from verified customers of Royal Tungsten. Several have said that when they tried to withdraw their money, Royal Tungsten told them they had to pay taxes or fees of up to 30% or 40%. Usually, investors are responsible for their own taxes and there isn’t withholding. This is an excuse to keep customers’ money. This broker claims to charge 0% spreads and guarantees specific amounts in profits. It also doesn’t tell us anything about the people behind Royal Tungsten.
If you have opened an account with this broker, but feel suspicious about them, you’ll want to seek assistance from Broker Dispute immediately. Our experts will consult with you and bolster your claim to help you get your money back. Broker Dispute is a leader in fund recovery and will help you retrieve your funds from a broker scam.