About Royal Chart
Company Overview
Royal Chart is a brokerage entity registered in Turkey, with an establishment date of July 2, 2020. The firm operates under the domain e-rcst.com and maintains a presence on Facebook. However, details regarding its specific services, platforms, and market offerings remain largely unavailable in public records.
As a Turkey-based entity, Royal Chart is not listed on any major financial regulatory register. This absence of regulatory oversight is a significant consideration for potential clients, as it means the broker is not subject to standard investor protection schemes, such as compensation funds or mandatory segregation of client funds.
Regulatory Status
Our review found that Royal Chart has no regulatory licences on file from any recognized financial authority. This includes the Capital Markets Board of Turkey (CMB) or any international regulator such as the FCA, CySEC, or ASIC. Traders should exercise heightened caution when dealing with unregulated entities, as recourse in the event of disputes may be limited.
The lack of regulation also means that Royal Chart is not required to adhere to strict operational standards, including regular financial audits, reporting, or investor fund safeguards. For traders, this represents a material risk, particularly when depositing funds or engaging in leveraged trading.
Founding and Location
Royal Chart was founded on July 2, 2020, making it a relatively young entrant in the financial services space. Its country of registration is Turkey, a jurisdiction that hosts a number of forex and CFD brokers catering to both local and international clients.
The broker's exact office address is not publicly available, and the Facebook page (its only confirmed social media channel) provides limited corporate information. This lack of transparency is a typical caution flag in the brokerage industry, as it complicates due diligence efforts for traders.
Services and Trading Products
Based on the available data, we cannot confirm the specific products or services offered by Royal Chart. The broker may provide forex, CFDs, or other financial instruments, but no official documentation detailing account types, leverage, spreads, or platforms has been verified by FXCanary.
Publicly available information is limited to basic registration details and a Facebook presence. Aggregated industry databases do not contain additional information on trading conditions or client feedback, further obscuring the broker's operational profile.
Deposits and Withdrawals
Given the scarcity of verified data, Royal Chart's funding methods, withdrawal policies, and payment partners remain unknown. Unregulated brokers often have fewer obligations regarding transparent disclosure of fees and processing times.
Traders considering engagement should independently verify any claims made by the broker regarding payment channels. Without a regulatory authority to enforce standards, clients may face delays or additional costs.
Client Suitability
Royal Chart appears to target traders seeking online financial instruments, but due to the lack of regulatory oversight and limited public information, it is not suitable for risk-averse or inexperienced investors. The broker's guarded risk score (48/100 from FXCanary) reflects the high degree of uncertainty surrounding its operations.
Seasoned traders who choose to investigate further should conduct exhaustive due diligence, including requesting official documentation, verifying corporate registration with Turkish authorities, and testing customer support responsiveness. However, the absence of regulation remains a fundamental risk.
Overview compiled by FXCanary from regulatory records and public data. full Royal Chart review