High Risk
Reported as a scam / unregulated
SF-707061registry entry
Why Royal Tungsten is on the register
Royal Tungsten claims to be owned and operated by Royal Tungsten Limited, a company authorized and regulated by the Australian Securities and Investments Commission (ASIC) with an ASIC registration number 001296969. However, when we searched in ASIC, we found the regulation status had ceased on 1st Oct 2022. That means Royal Tungsten is no longer under valid regulation by any regulators. Investors’ funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.