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Royal Q Review – Scam or Legit? Find Out Here
|Royal Q Review – Scam or Legit? Find Out Here by Blogger: 12:54 am On August 28, 2021|
Welcome to my honest Royal Q Robot review! Find out if this is a scam or legit. RoyalQ or Royal Q is a Cryptocurrency trading application available to Android and IOs users.
The robot is said to generate steady profits through Cryptocurrency spot trading with the help of Binance or Houbi API.
Royal Q app, according to the promoters, helps to buy and sell cryptocurrencies automatically for the user. It buys at a low price and sells when the price goes up.
Royal Q takes advantage of the crypto price volatility. When the price of a Cryptocurrency falls, it will buy the coin automatically. When the price goes up, for example, 0.5%, it will sell the coin automatically and buy again when it falls.
That way, the bot is said to make profits for the user. As claimed by the promoters, Royal Q generates 0.5% to 10% daily profits.
Is RoyalQ Robot a scam or legit? We have seen similar apps in the past which claimed to generate guaranteed profits but ended up blowing people’s accounts. Is the RoyalQ same as those or a different app poised to deliver good returns?
I do not think the Royal Q Trading robot is legit. Firstly, let’s look at the profit and loss analysis. To use the app to trade, you will need to pay $120 yearly subscription fees.
Besides the yearly subscription, you will remit 20% of any profit you earned with the app to Royal Q App developers. We have not talked about the Exchange trading fees. If you’re using Binance, each time the bot placed a trade for you whether Buy or Sell, you will pay a minimum of 0.1% fees.
There exists the possibility that the coin you are trading will not go up above the purchase price anytime soon. In the event of an extreme bear market, you may be forced to close the trade in loss.
The Royal Q app does not take into consideration the invested amount and any loss you might encounter on the app in the form of trading fees, subscription fees, etc. As such, the revenue page does not show the net accumulated profits. This I believe has been done intentionally to deceive their unsuspecting victims into buying the app.
Personally, I would not recommend the Royal Q trading robot as it does not appear to be real. And the promoters seem to be advertising it for the sole purpose of the commission and not necessarily because of the value the app provides.
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