Dossier · Brokerage / CFD firm · CY
RoyalForex.
Also known as: RoyalForex · Royal Forex · FXBFI Broker Financial Invest Ltd · FXBFI
Regulator Record
4
Severe
Cypriot operator behind the RoyalForex retail FX/CFD brand, one of the legacy retail-FX outfits that drew sustained complaints over high-pressure sales and bonus practices. CySEC sanctions accumulated across the late 2010s, culminating in revocation in 2021. The classic 'obvious-scam-that-operated-way-too-long' case.
Editorial caveat: Long-running pattern of retail-harm findings against a still-live licence before final revocation. Pre-revocation marketing claims about regulator status remained common.
Items on file
0
Warnings
0
Enforcement
0
Range
—
Licences on file
- cysec075/06revoked2006-09-22 → 2021-12-20
Status timeline · 4 events
2021-12-20
Authorisation revoked
cysec
CySEC withdrew FXBFI Broker Financial Invest Ltd's CIF authorisation. RoyalForex retail offering shut.
2020-07-27
Fine
cysec
Further CySEC sanction following compliance review of marketing and KYC procedures.
2019-04-15
Fine
cysec
CySEC fined FXBFI €200,000 in respect of organisational, conflict-of-interest and disclosure failings on RoyalForex.
2006-09-22
Authorisation granted
cysec
FXBFI Broker Financial Invest Ltd authorised by CySEC under licence 075/06, trading as RoyalForex among other brands.
Anything wrong here, or missing context an editor should consider? Right of reply and corrections both run through info@disruptfinance.io. Editorial standards: editorial policy · disclaimer.
How to read the rating
Rating legend
Every entity dossier carries a Regulator Record score (0–100, higher is cleaner) plus a band that summarises the score in plain language. The score is arithmetic on public regulator actions — severity × recency-decay — not editorial opinion. Three special bands sit alongside the numeric scale to capture situations the maths alone misses:
- SevereMajor enforcement against a still-active firm, or a long-running pattern of unauthorised activity. Read the timeline before engaging.
- Never authorisedOperating or operated without verifiable authorisation in any jurisdiction we have records for.
- Licence revokedAuthorisation revoked or withdrawn. May still be visible on the internet under the original brand.
- High concernSignificant enforcement footprint — multiple actions, recent in time, or substantial in size.
- Authorised, with restrictionsHolds a current authorisation that the regulator has formally restricted — e.g. an undertaking not to solicit retail clients in a specific region.
- Mixed recordMultiple regulator findings of varying severity. Current standing requires reader judgement; check the timeline.
- Material findingsOne or more material regulator findings on record, but the firm remains authorised and the matters appear historical.
- Clean recordNo material public regulator actions on file. Apparently in good standing.
Each entity is named in items linked to its dossier. Disagree with a score? Right of reply is available on every dossier page.