TNTROYAL Review – Unmasking the Truth

TNTROYAL Review

The retail trading industry has expanded significantly in the past few years and the coronavirus pandemic has only intensified the trend. People are eager to begin trading and this means that the demand for online brokerages has gone up. In order to keep up, thousands of companies have introduced their trading platforms and this means that you are likely to be overwhelmed with the sheer number of choices at your disposal. This is where this TNTROYAL review and that of other companies can help you cut through the chatter.

One of the most important things to remember is that even though the number of brokerages has grown, this also means that shady and fraudulent platforms have also multiplied. Cybercriminals have used this tactic before as well and have managed to succeed and it remains popular to this day. Setting up a fake platform does not require much effort, as it is easy to create a website and add some content. On the surface, these websites come off as genuine and most people are not aware that they are falling into a trap. Unfortunately, it becomes apparent quickly that you have ended up in the wrong place when you see the flaws and lose your money.

This is a situation you want to avoid and it can be done when you do not believe everything you see on the broker’s website. Instead, it is better to put in a little bit of effort into unmasking the truth about the company. If you do so, it will become easier to figure out how a scam brokerage operates and what makes it obvious that they are not what they claim to be. One of the online brokerages you will discover for trading purposes is TNTROYAL that promises to give you access to some of the top financial markets in the world, along with an industry-leading platform and other top-notch features.

But, is it what it seems to be? When you make some effort to look beneath the offerings of TNTROYAL, you will discover the truth about this brokerage. What is it? Let’s take a look:

Licensing and regulation

When you want to avoid opting for shady and fraudulent brokerage, the easiest way to accomplish this goal is by opting for a licensed and regulated company. These are under the oversight of regulatory authorities, due to which they have to uphold certain standards, comply with laws and there can also be accountability in case of a problem. The same does not apply to unregulated brokerages, so you need to check up on its licensing and regulatory status.

Unfortunately, when you do the same with TNTROYAL, you will discover that the brokerage is registered in Saint Vincent and the Grenadines, which does not make a difference because this is an offshore jurisdiction. Moreover, the Financial Services Authority (FSA) of SVG has stated clearly that they do not monitor their forex industry, which means that there is no regulation of brokerages. This is one of the reasons why SVG has become a popular spot for scam brokerages to set up because they do not have to worry about any accountability, or deal with any formalities.

Hence, you cannot expect TNTROYAL to offer you any protections and it is certainly not a safe brokerage to use.

Trading Platform

The most important feature that an online broker offers to its clients is the trading platform because this software has to be used for trade execution. Therefore, it has to be up to the mark and give you access to advanced technology as well as leading trading tools and features that can help you in the trading process. While TNTROYAL does claim to over you an industry-leading platform, all you will find is a basic web trading software available.

It is an oversimplified platform that does not have anything special to offer and certainly does not come close to the MT4, MT5 or the cTrader trading platforms that are renowned in the markets for their features and tools. Any decent brokerage would offer their clients one of these trading platforms, but TNTROYAL does nothing of that sort.

Trading Conditions

One of the most vital details that you need to check when you are signing up with an online broker are the trading conditions they offer. These are important because they have a direct impact on your bottom line, so you need to know what kind of conditions you will be provided. It is best to start with leverage, as it gives you flexibility in terms of trading, but TNTROYAL does not mention any details about its leverage ratios at all.

This is a concern because you have no idea what kind of leverage, if any, is available. Secondly, you will find that TNTROYAL has also not made any mention of the withdrawal fees it will charge and this is also a concern because you want to know the costs you will incur during the course of trading.

Payment Methods

Another crucial aspect of an online brokerage that needs attention from you is their payment methods. You have to make deposits and withdrawals during trading, so you need to know how you will make your payments. This is to ensure that you have convenient options available as well as secure ones. The problem with TNTROYAL is that they are offering deposits via wire transfers only.

There is no other method available and the issue with this one is that it is not eligible for a chargeback. This means that deposits made to TNTROYAL via wire transfer are final and if something were to go wrong, you would not be able to get a refund. This option is available in payment methods like credit cards, such as VISA and MasterCard, or PayPal. But, since the broker does not support any of these options, it means your money will be lost.

Ending Thoughts

Given that TNTROYAL is an unlicensed brokerage that has not provided much information about its trading conditions, you need to skip it altogether.