Who is Roycoin?

Roycoin is an online trading platform, it claims to offer investment opportunities. However, upon closer inspection, several red flags emerge that indicate this may be a potential scam. In this comprehensive review, we will delve into the various scam activities associated with Roycoin and provide valuable insights to help you protect your investments.

🖥️ : Roycoin.top.

🚩 : Fraudulent Trading Platform.

Roycoin falls into the category of UNREGULATED platform. When choosing a platform, caution is warranted if the company lacks regulation by any overseeing agency. This should serve as a warning that your funds may not be secure, and there’s no protective regulatory framework. Unregulated entities can potentially abscond with your money without being held accountable.

How does the scam unfold?

Scammers employ persuasive tactics to convince you to make an initial minimum deposit. They entice with promises of doubling the deposit within 24 hours and similar claims. After obtaining the initial deposit, more experienced scammers may be brought in to extract additional funds. The cycle persists, but it is possible to put an end to it, even if you’ve fallen victim to their deceitful promises.

Is It Safe To Invest With Roycoin?

Dealing with an unregulated company like Roycoin increases the risk factor of your money. Once the money is deposited with it, it stops responding to the queries.. Therefore, we do not recommend you to invest money with Roycoin.

Roycoin

Red Flags and Scam Warning Signs

To help you identify potential scams, we have compiled a list of red flags and scam warning signs associated with Roycoin:

  • False claims and unrealistic promises of high returns.
  • Lack of transparency regarding risk warnings and hidden information.
  • Utilization of stock images and paid actors to portray fake staff members.
  • Illegitimate rules and policies for withdrawals.
  • Sudden unavailability of the broker or website downtime.
  • Changing identities and website URLs without notice.

Did that happen to you too?

🆘 Are you victim of scam? Fill the form below or Use our Chatbot and get a Free Consultation from CNC Intelligence Experts, they can assist you by investigating your case and tracing your funds. You should also contact your bank as soon as possible and let them know about your issue.

If you discover yourself in such a predicament, take the subsequent measures to recover your funds:

Maintain communication with the scammers: This step is vital, especially if you are seeking external assistance.

Promptly initiate a written withdrawal request: Act swiftly to formalize your request for fund withdrawal in writing. Be vigilant, as scammers may employ various excuses to delay the process.

Initiate a chargeback: If your payment was made through a credit or debit card, instigate a chargeback to effectively reclaim your money. This action underscores your genuine efforts to retrieve your funds.

For wire transfers: In cases where money was sent via wire transfer, issue a stern warning to the scammers about reporting them to the authorities. If necessary, follow through by composing a detailed letter to the regulatory agency in your country, outlining the fraudulent activities.

Post reviews on alternative platforms: Contribute to warning others by sharing your experience through negative reviews on various platforms. This serves as a precautionary measure to prevent others from falling victim to the same scam.

Unregulated and Suspicious Operations

Just like AIT Community, one of the primary concerns with Roycoin is its lack of regulation by reputed authorities such as CySec, ASIC, FCA, CNMV, and others. This unregulated platform operates without the necessary regulation, raising doubts about the safety of your funds. While regulation alone does not determine a scam, it is an essential factor to consider.

Conclusion

Roycoin fails to provide any information about its staff on its website and promise fake returns. These deceptive practices raise significant doubts about the credibility and trustworthiness of this platform.

We hope this review was helpful and gave you the information you needed.

If you have any more questions or requests, please don’t hesitate to contact us  here.

Comments (14)

  1. Andreas Thiem

    Reply

    roycoin is definitley a scam, works together with: seedsforwealth.com, a company that claims to be located in Rochester New York,

    • William

      Reply

      I too got taken by the scam operated between roycoin and seedsforwealth (aka SW Alliance).

      • Abriitto

        Reply

        I can not get my funds from the same group with SWA and Roycoin. Can’t withdraw and of the funds but you can deposit all day. They got me for 5000.00 in BTC I traded with Roycoin got the account up to 200000.00 and can’t withdraw and of the funds because they said they need to make money too, so they want to charge me 35000.00 upfront from and outside source before I can draw and BTC. I thought that was a red flag.

  2. bobby

    Reply

    invested my own money, borrowed money from platform. misunerstood requirements for payback, made really good return on loan. roycoin locked me out of account due to repayment issues. locked up my personal investments, loan amount and all profits.

  3. Craig Haltom

    Reply

    $78,000 locked up by Roy coin. they will not answer messages or emails. I have made an official demand for my money still no word. I initially invested 11,800 and participated in an ICO, INITIAL COIN OFFERING. It shot up to $56 a coin or $78,000 in my account. Ultimately they are stating I’m unverified and will not release the funds. I have send pictures of drivers license and passport and apparently I’m still unverified. It’s obvious they are playing games and have no intent to release the money.

    • Craig Haltom

      Reply

      Now Roy coin demands that I give them $7800 supposedly to cover taxes or they won’t release my money. Of course they have no intent of releasing it ever they’re just trying to get more money out of me. Do not use scammers.

  4. Mark Ford

    Reply

    Same thing, talked into loan by the assistant Kelly for SWA alliance. Won $ 83000.00 usd won’t let me pay with winnings , says she will freeze my account forever. And those people who don’t know, April 4th is another coin dropping, and they are going all in with their life savings.

    • Raff

      Reply

      What was Kelly’s last name and what does she look like? Please. It’s very important. I think I found her.

      • Tom

        Reply

        I think it’s Martin. She is from Rochester NY. I’ve been trying to figure out too.

  5. Richard Lawrence

    Reply

    I got roped into SW alliance and made a small deposit. I didn’t do much with it on their time and then I had $13 left after the withdrawal after I paid them their money back actually it was part of a promotion they were testing whatever the bullshit was and overnight I managed to trade. I found the rhythm and I meant to trade up to like a couple $13 billion I think Anyway I have screenshots of the whole thing and it was insane what they did to me after that, they told me I needed $112,000 to withdraw the money and then I could only withdraw like so much. It’s clear that they had no intention of helping me at all with this process and yeah, I was pretty offended And then they all changed their telegram names and the channel I got kicked out of no they changed the channel entirely. They just kind of stopped coming to that channel anyway I’d like my $13 billion if you wanna get it back for me that’s great yeah right

  6. Andrea TS

    Reply

    This is definitely a scam, I too lost money and got locked out of my account 🥲

  7. Kevin

    Reply

    I signed a contract and invested $160,000, which is what their fee would be FROM EXISTING FUNDS. They agreed to pay eight times that, or whatever was short of that amount, after 90 days. I believed I was beta testing a new AI tool, and my transactions were providing the basis for the neural network. I recognized some patterns and far surpassed the Tier 7 people who had $10M to invest. My account is sitting at $85M. I said I would be happy to pay their fee, and then some, but it would be from the existing funds as stated in the contract. They insisted the funds come from an external source. The best bet is to file with the IC3, which is the cyber division of the FBI.

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