STS Royal says it is striving to become the best broker for trading cryptocurrencies. The company maintains a German-language website, which can be accessed at the URL https://stsroyal.com/de/.
Do you know STS Royal and have you had difficulties trading? Or would you first like to find out more about this provider or about trading with cryptocurrencies in general? Then you can contact a lawyer to discuss your concerns.
The Herfurtner law firm is asked for support by investors who have problems with an investment and are looking for investor protection. With offices in Munich and Hamburg, the law firm is also active in commercial law, capital market law or capital investment law.
We advise clients from Germany, Austria and Switzerland. Would you like to have your legal options examined by our lawyers? Then you can make an appointment with us. Click here to contact us.
STS Royal Experience
The website of an online broker should be thoroughly checked before making an investment. Of particular importance here are the details of the company’s registered office and its regulation.
In addition, you can often find statements from other investors in online forums and blogs who report on their experiences. If you are wondering whether STS Royal is reputable, you will find many STS Royal reviews in search engines, but they are not uniform. Basically, it is important to remember that search engine result lists can be manipulated by marketing measures.
For example, a company can place its own contributions or have them launched by advertising partners who comment favourably on its own offer. It is also possible to make negative comments about a competitor in articles or comments in order to prevent a potential customer from choosing the competitor’s offer. Therefore, one should always pay attention to the (personal) goals of the author of a post.
STS Royal website
Although the STS Royal website is offered in German, there is no legally binding imprint. For websites used for business purposes, the imprint or provider identification is mandatory in Germany.
This is intended to give visitors to a website the opportunity to find out who the operator of the website is and who is responsible for the management. In the section of the self-presentation, STS Royal claims that STS Royal Ltd is a company of a Capital Letter GmbH based in Munich.
It is authorised to offer trading in contracts for difference(CFDs) on cryptocurrencies. However, at the time of the review, a query of the company database of the Federal Financial Supervisory Authority (BaFin) found neither entries for STS Royal Ltd nor for Capital Letter GmbH.
The footer of the website mentions STS Royal Ltd, which is based in the Caribbean state of St. Vincent and the Grenadines. In the contact section, a telephone number is given which leads to a connection in Great Britain (area code +44).
Whether the company is licensed to do business in Europe or in Germany cannot be answered beyond doubt on the basis of the information available.
STS Royal Trading
According to its own information, STS Royal offers a trading platform for cryptocurrencies. This is characterised by generous margins and low commissions.
On the platform, one can trade with various products, including:
- Bitcoin Cash
In total, one can trade with more than 500 crypto currencys and ICOs. In order to start trading, one must first register as a customer to receive the STS Royal login. The next step is to make a deposit into the trading account.
Finally, one should have a good experience with the traders of STS Royal.
According to STS Royal, five different options are available for opening a trading account:
- Intro: Deposit between 250 and 2,000 US dollars, 30 % welcome bonus with a minimum deposit of 1,000 US dollars
- Trial: Deposit between 2,000 and 10,000 US dollars, up to 50 % welcome bonus
- Standard: deposit between 10,000 and 25,000 US dollars, up to 75 % welcome bonus
- 3rd Tier: deposit between 25,000 and 50,000 US dollars, up to 100 % welcome bonus
- Corporate: deposit from 150,000 US dollars, up to 150 % welcome bonus
Deposits and withdrawals to and from the account are possible using various methods, including Paypal, bank transfer or credit card, according to STS Royal. There is no minimum amount for an STS Royal withdrawal.
Referral programme, technology
STS Royal operates a referral programme and offers a bonus of 200 US dollars as commission for each new customer referred. This amount is granted as soon as the new customer has invested at least 2,000 US dollars and cannot be paid out, but is available for own trading activities.
The technology STS Royal makes available to its customers and whether it is a self-developed software or a product of a third-party provider is not discussed on the website of the provider.
Do not invest without risk assessment
Online trading is a rather anonymous affair compared to a conventional investment at the house bank. The providers are often located abroad and a personal contact person or advisor is not the rule.
This anonymity means that an investor has hardly any opportunityonline to discuss the risks of an investment with an expert he knows. Especially with complex products such as cryptocurrencies, but also with foreign exchange trading(forex trading) or CFD trading, a risk analysis is essential. If an objective view of the existing risks is not taken, investors run the risk of making the wrong decision.
If the investment develops in the wrong direction, trading platforms often advise investors to invest more money to absorb initial losses. Investors often end up in a spiral, at the end of which, in the worst case, the entire investment is lost. Have you had bad experiences with online trading?
Then you can seek investor protection and contact a lawyer. The Herfurtner law firm will check whether and which claims you can assert against the online broker. First and foremost, however, you should refrain from making further payments as soon as problems arise.
Would you like to find out about your legal options? Then talk to one of our lawyers. Click here to go to our contact area.