Basic Information
Pros and Cons
Pros
- Long operating history
- Multiple contact channels
- Diverse range of services
- Various payment options
Cons
- No regulatory oversight
- Lack of transparency
- Withdrawal difficulties reported
- Complaints about fees
Is RGL Safe and Legit?
RGL, or Royal Green Limited, is registered in Bangladesh and commenced operations in 2005, boasting approximately 18 years of experience in the industry. The broker offers a range of services including private and public cloud solutions, virtual private servers, and various IT services, operating on the MT4/5 trading platforms with various payment options available.
RGL is currently unregulated, which raises significant concerns regarding its safety and legality within the financial trading space. Without valid regulation, potential clients should exercise caution and due diligence.
Market sentiment towards RGL indicates a mixed reputation, with users highlighting the long operating history and multiple contact channels as positives. However, common criticisms include a lack of transparency, difficulties in withdrawals, and overall regulatory concerns, leading to a significant number of complaints and a low trust score in community assessments.
Is RGL a Regulated Broker?
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
RGL, or Royal Green Limited, does not hold client funds in independently regulated bank accounts, nor are they separated from the broker’s own assets. The lack of regulation raises concerns regarding the safety of client funds and the overall risk involved in trading with this broker.
RGL Leverage
RGL does not specify maximum leverage multiples for product categories or account configurations. As the broker is unregulated, it is unclear how the leverage offered compares to legal limits in jurisdictions where brokers typically operate, further emphasizing the need for caution among potential clients.
RGL Withdrawal Review
How to Contact RGL?
RGL has garnered a significant number of complaints, particularly concerning withdrawal issues. Users frequently report difficulties in accessing their funds, with a notable percentage reflecting these concerns. Credible sources such as online trading forums and review sites highlight these withdrawal complaints, indicating a pattern of dissatisfaction among clients. RGL appears to respond to complaints, but the response times often vary, leading to frustration. There are repetitive complaints of similar nature, but no regulatory penalties or warnings have been documented against the broker, emphasizing the serious safety and trustworthiness concerns linked to its unregulated status.
Frequently Asked Questions
A1: RGL, or Royal Green Limited, is currently unregulated, which raises significant concerns regarding its safety and legality in the financial trading space. Potential clients should exercise caution and conduct thorough due diligence before engaging with this broker.
A2: RGL does not hold any regulatory licenses, either from mainstream or offshore regulatory bodies. This lack of regulation heightens the risks associated with trading through this broker.
A3: RGL does not keep client funds in independently regulated bank accounts, nor are they separated from the broker’s own assets. This raises serious concerns about the safety of client funds due to the broker’s unregulated status.
A4: Yes, RGL has received numerous complaints regarding withdrawal difficulties, with users frequently reporting challenges in accessing their funds. While the broker responds to complaints, the response times can vary, contributing to user frustration.
A5: RGL offers multiple contact channels, including a customer service number (+880 9603-777777) and email support (info@royalgreen.net). Clients can also reach out through their website for further assistance.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.