Regal Wealth Scam Review. Our scam investigative team here at Binary Scam Watch Monitor just wrapped up our review of Regal Wealth. This review is part of a week long series we have been conducting about 4 of the newest binary options software systems. In the past week alone 4 viral new offers are going viral and we took a long hard look at each one. Each day this week we’ll be releasing one review in this 4 part series, so stay tuned for that! In the mean time, please start by reading this full review before investing any money with Regal Wealth!
Official Website: http://regal-wealth.co/
DESCRIPTION: Regal Wealth is a simple to use binary options auto trader that promises to make you $605 an hour…
Overview of Regal Wealth
Regal Wealth is a simple to use binary options auto trader that promises to make you $605 an hour. The strategy behind this outrageous gain is not explained, however the owners of Regal Wealth go to great lengths to convince us that this system is legitimate. The two owners of Regal Wealth are men who call themselves Michael King and Dominic Ward. These two men claim to have been friends who spent several years developing this auto trader before making it available to only 50 people each year, for the past 7 years in a row. This is problematic, as we will discuss below. Throughout the promotional video we are introduced to several traders who test the system “live” for us and make huge gains. All of this looks really promising, until you start to dig just a little bit deeper and the real truth is exposed.
Proof of Scam
The following are just a few of the red flags we found when investigating Regal Wealth and their background. Keep in mind that these are only some of the things that make this system faulty and not a comprehensive list. Often times when we review softwares we are challenged to keep our list of scams to a minimum in order to avoid making our post too long and unreadable. This is why we stick to the top 3-5 lies that stand out the most. But upon a deeper investigation, you would see that just about everything out of Michael King’s mouth is a lie.
1. Michael King and Dominic Ward are real traders who worked together to develop this system. False! Neither of these men are real, nor have they ever been real. They are simply actors hired to portray fake personas. The entire story is false. How do we know? We made a few calls to our friends in the industry, all of which have never heard of them. However, a more alarming truth was revealed during one of these calls. One broker friend of ours told us that he was approached by a man who wanted to link Regal Wealth to this particular brokerage firm, however his name was NOT Michael King or Dominic Ward. In the course of their conversation, this man told our broker friend that they had invented the story behind Regal Wealth in order to secure a large amount of registrations with brokers for the commission sales. This alone is proof that the entire Regal Wealth system is fraudulent.
2. Live trading results show great success with Regal Wealth and a high percentage of FTD’s. False! If you scroll down the page you will see that Regal Wealth has a live signal feed running, showing their wins and signals. What is quite remarkable about this “live” signal feed is that it continues placing signals well into the middle of the night (eastern time) even when the market is closed all over the entire world. In fact, it even finds signals over the weekend, Saturdays and Sundays, when the market is shut down. This is quite ridiculous and a huge flaw in their otherwise believable presentation. No signal provider is capable of placing signals when the market is closed.
3. Regal Wealth has given away 50 trading spots a year for the last 7 years in a row. False! This is a lie. The Regal Wealth website was only created over a week ago, and was not around a year ago, much less 7 years ago. In their failed and flawed attempt to appear like a legitimate signal provider, they spun an easy to disprove lie. Whois.net shows clearly that their website was not available 7 years ago, nor were they registered as a company 7 years ago. This baby company has only been around a few days and certainly has no verified traders during that time!
Other Scams to Avoid!
Binary options scams are easily the fastest growing scams anywhere in the world. Estimates say that in a few years the market will be completely flooded with such scams as there are virtually no regulations concerning what people are allowed to say when making these scam videos. Most of them will openly admit in their disclaimer that they are lying, but less than 1 percent of people will ever actually read a disclaimer. Our job here at Binary Scam Watch is to expose as many of these scams as possible. However, we can’t cover each and every one. That is why we need you guys to help us! Please report every scam to us that you find, whether you tried it yourself or had a friend try it! Together we can fight this industry!
Conclusion: Regal Wealth is a SCAM!
Join with us as we continue our highly successful trading relationship with Tradeo! They are simply #1 on the Forex market for legitimate trading. We have tried so many systems that this remains our tried and true broker and system to continually use. You won’t be disappointed! If you are looking for a way to make smaller profits in a safer way, we encourage you to check out our review of My Paying Ads, which is also incredibly successful and long lasting! Take care and happy trading!