We have received your complaint about Royal Tungsten.
Please be informed that Royal Tungsten is an unregulated scam!
Details on this broker, please check our full Royal Tungsten review.
Could you please provide some evidence of your trading in Royal Tungsten (such as account number; transaction records; screenshots of your conversation with the account manager)? We will try to contact this broker for you.
In the meantime, we recommend you collect all relevant evidence to report to the local economic investigation authority or the local police as soon as possible.
I deposited $7,000 into my account with Royal Tungsten. Then made a lot of money by trading for a month and then they started sending me emails pointing out that I was already suspected of violating the rules by trading too often. I kept replying to the emails telling them that I had not violated the rules. But they still said I had made illegal transactions after the investigation. They said that if I wanted to withdraw my money, I needed to deposit another 15% of the funds. I started to wonder at that point if Royal Tungsten was legitimate. They don't have a company phone number and they don't answer any emails. (You basically can't get to customer service unless you add their telegram)
When I refused to deposit any more funds, they blocked my account for no reason and required me to deposit 5% to unfreeze it. It was obvious they had been trying to troll me. My repeated requests for withdrawals have been denied. I think I am likely to lose everything I have invested in Royal Tungsten.
Comments