Royal Trading Lounge Reviews 

43
TrustScore 3 out of 5

3.2

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Rated 1 out of 5 stars

The signals feel like they get put randomly. Signals come while a trend is already ongoing and then they mostly hit SL. If it makes profit then mostly only TP1. Often had the situation you get a buy... See more

Company replied

Rated 3 out of 5 stars

I've been with Royal Trading Lounge for over a year. I've been with so many signal providers that I've lost count on how many I had. They were great at first and consistently scoring above ninety perc... See more

Company replied

Rated 5 out of 5 stars

I have Been with these for nearlly a month now 1 signal a day does me just fine, smashing 2-3k weeks, nearlly finished my first challenge, experience is needed id say a year or so, to manage trades... See more

Rated 5 out of 5 stars

Definitely a rare set of traders. I've been in the group now since January and I've been able to pass three different prop firm challenges with their signals. The consistency is definitely there. My... See more

Company details

  1. Alternative Financial Service
  2. Educational Institution

Written by the company

We operate a Telegram-based business where we provide market alerts primarily as educational content. Our goal is to educate and empower our subscribers by offering insights into the forex market, helping them understand and interpret market trends and signals. These alerts are intended to serve as a learning tool, enabling our users to make informed decisions and develop their own trading strategies. By focusing on education, we aim to foster a community of knowledgeable and confident traders who can navigate the complexities of the forex market with greater skill and understanding.


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3.2

Average

TrustScore 3 out of 5

43 reviews

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3.2

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(43)

1 review in the last 12 months

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Rated 3 out of 5 stars

Regarding update on tp breakeven and sl

I like their signals its really good and profitable what I don’t understand is I don’t know after hitting tp 1 we should move the SL to Breakeven or not cos Ive seen after hitting tp 1 if the price comes back and hit sl they don’t post anything cos I thought they close at Break even but if it come below buying price and went to hit tp2 they post tp 2 hit thats the only unclear thing here if they can fix it and give a proper guide in the group how they do it they will be one of the best signal group.

Im managing my trades but what you do is when tp 1 is hit and after that if hit sl you won’t say it hit SL but if tp 1 hit and trade hit Breakeven and goes tp 2 you mention tp2 is hit literally misleading people even VIP members know that your signals are great but but don’t manipulate the results thats all i gotta say

18 August 2024
Unprompted review
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Reply from Royal Trading Lounge

Hello! Thank you for your feedback.

We’ve addressed this matter with you multiple times. As we've mentioned several times, there’s no single approach to managing a trade. We have a DETAILED trading guide linked in the pinned message of the group with various ways you can manage your trade. You must handle your trades according to your individual trading plan and style. Some traders choose to move their stop-loss to breakeven after reaching their first take-profit target, while others prefer to trail their stop-loss closer to the entry point and take partial profits. Ultimately, trade management is a personal decision.

Once you hit your first take-profit level, it’s up to you to determine the best way to take partial profits. We have also provided a comprehensive trading guide in the pinned message of the VIP channel, which includes various suggestions on trade management.

I hope this clarifies things. Thank you!

Rated 1 out of 5 stars

The signals are running so fast

The signals are moving so fast. As soon as they are sent, the US30 moves by 10 or 20 points.
There should be stable guidance on how to move the stop loss (SL) to breakeven (BE). For example, when it hits take profit 1 (TP1), we should move the SL to BE. If it hits BE, there should be guidance on whether we should re-enter or not. This way, we can all follow the same format and achieve the same results.
It’s not good if we all hit BE while you still reach TP3 because you didn't move the SL.
Now everyone is leaving, because they have the same previous issue as most of us.
Now everyone is leaving, because they have the same previous issue as most of us.
One good thing is that everytime you hit SL you will say which is quite transparent. I do not complain on that.

7 August 2024
Unprompted review
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Reply from Royal Trading Lounge

Thank you for your feedback. We’d like to address a few points:

Broker Differences: As previously mentioned, the variations in pricing between different brokers, such as IC MARKETS and others, can lead to discrepancies in execution. This is a common issue in trading and unfortunately, is beyond our control.

Member Concerns: You mentioned that "everyone" is experiencing the same issue. Please keep in mind that we have over 4,000 VIP members, and while we strive to support all members, individual experiences may vary. We cannot speculate on reasons for member departures, as they are private and not discussed openly.

Trade Management: It's important to remember that managing trades, including moving stop losses to breakeven or deciding on re-entries, is ultimately your responsibility. While we provide guidance, the execution and management of trades are up to you.

We appreciate your understanding and continued support. If you have further questions or need assistance, please feel free to reach out.

Best regards,
Royal Trading Lounge

Rated 2 out of 5 stars

Support not helpful

Support is not good at all also us traders stay clear of this group.

4 August 2024
Unprompted review
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Reply from Royal Trading Lounge

Thank you for sharing your feedback with us.

We strive to provide high-quality support and service to all our users, and we take concerns like yours seriously.

We have looked into your review on Trustpilot and, unfortunately, we are unable to find any records of you having used our services. We would appreciate it if you could provide us with additional details about your experience so we can address any issues you may have faced and improve our support.

We are committed to ensuring a positive experience for all our users, and we welcome any opportunity to discuss and resolve your concerns.

Thank you for your understanding, and we hope to hear from you soon.

Rated 5 out of 5 stars

Accountability has always been by issue…

Accountability has always been by issue with most signal providers. Real traders know not to expect wins all the time. I say "real" because there are a lot of new comers who take signals and expect miracles and it just doesn't work that way.

The Royal team does experience losses just like any other trader but what I admire is that in my 1+ year of being in their vip from the days they were on discord, they've never hid the losses. It's something I admire as that's not very common amongst the group of signals providers I have tried in the past.

My only suggestion for the team and hopefully this can be implemented soon is to have a copy trading aspect where the trades can be automatically taken in our respective trading platforms when their sent in the channel. Other than that, amazing support and GREAT signals! I'm not really a fan of GOLD in general but the US30 trades are to die for! They are changing lives. Keep up the good work.

25 July 2023
Unprompted review
Rated 4 out of 5 stars

The trades actually most of the time…

The trades actually most of the time hit TP1 and sometimes go all the way beyond TP3. However, firstly their customer support is probably non existent, barely reply or not at all. Secondly, their RR is horrible! You will receive 2 zones from the signal and it will be the one that is already close to TP.

For example
Gold enter 2451.5 but you will probably see the signal when the price is already around 2452.3

and TP1 is 2454 which is 17 pips away from entry point but SL is 2444 which is 83 pips away from entry point. Which makes RR to be around 1:0.2. However, as I said sometimes their signal reaches to TP3 which would be RR 1:1 instead.

I have been profitable trading with Royal Trading Lounge for a while but when SL hit all the gains will disappear. Take my review with a grain of salt and maybe try the signal yourself. Maybe ones can manage their trade better than me

EDIT: 1: Customer support issue: I ask your customer support for advice in managing trades since July 15 and still no response. Meanwhile, when I leave review on here you replied only less than 12 hours

2: Please don’t lie that your signal has 1:2RR. I have been in the VIP room for almost 2 months and none of your signal from Entry point to TP1 has 1:2 RR. None! And I can guarantee that. You can show me a proof which signal you provided from Entry point to TP1 has 1:2 RR.

3: Signal performance: your signal room still hit TP most of the time but sometimes only TP1 and reverse back to SL. Sometimes to TP3 and go beyond that. But RR from entry to TP1 is just horrendous. That is why I ask customer support for advice but nobody replies back.

19 July 2024
Unprompted review
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Reply from Royal Trading Lounge

Thank you for sharing your experience with Royal Trading Lounge. We appreciate your feedback and would like to address some points to provide clarity to potential users:

1. Customer Support Responsiveness:

We apologize if you experienced delays in our customer support responses. Typically, we aim to respond to each customer inquiry within 24 hours. However, recent unforeseen circumstances, such as the impact of Hurricane Beryl on our team, have caused temporary delays. Rest assured, we are actively working to resolve all inquiries promptly. We've also stated this in both the free and vip channel.

2. Signal Timing and Delays:

Telegram, our chosen platform for signal distribution, can introduce timing discrepancies due to individual network speeds and server updates. While we strive for real-time signal delivery, these delays are unfortunately beyond our immediate control. We recommend users to stay vigilant and utilize the signals promptly upon reception. Please also note that brokers have different prices so the signal may not be "17 pips" away. It could be an issue of broker price differences.

3. Risk-Reward Ratio (RR):
We acknowledge your concern regarding the RR ratio provided with our signals. Most of our signals are minimum 1:2RR overall. Majority of the times our signals run over 4RR after TP3 has been hit.

4. Signal Performance:
It's encouraging to hear that our signals often reach TP1 and sometimes extend beyond TP3. While SL hits can impact profitability, we strive to provide signals with sufficient risk management strategies to mitigate losses. Additionally, please assess your trade and risk management strategy if you're losing all profits after one loss.

We appreciate your feedback as it helps us improve our service. We continuously review and adjust our strategies to provide better trading experiences for all our members.

All the best.

Royal Trading Lounge Team

Edit:

What's there to lie about? When we have posted screenshots of our actual signals for people to see. As stated previously, the overall TP average is 1:2 RR. There are three TPs on each trade. The overall (TP3), which we stated in the initial response is an average of 1:2 RR.

Different individuals manage customer support on Telegram and respond to reviews. As mentioned in the VIP channel, some of our customer support agents are currently dealing with delays due to the impact of Hurricane Beryl.

All the best and have a great day.
Royal Trading Lounge.

Rated 5 out of 5 stars

Definitely a rare set of traders

Definitely a rare set of traders. I've been in the group now since January and I've been able to pass three different prop firm challenges with their signals. The consistency is definitely there. My only suggestion is that I wish they assisted with managing trades. These signals will only be beneficial if you know how to manage your trades already. Don't expect to them to coddle you.

The signals are great though and they are honest with actually what goes in vip so for that I'm extremely grateful.

16 January 2024
Unprompted review
Rated 5 out of 5 stars

The traders are on top of their game

The traders are on top of their game. They are simply the best I have personally come across, no questions asked.

I will be 100% honest though, if you aren't quick in executing the trades, you will miss a lot of them especially on indices and sometimes on Gold as well. Due to the volatile nature of these pairs you must have time to take the trades.

I do admire their transparency and professionalism though. You can tell a lot of thought was put into making this team and I am very appreciative of that.

6 December 2023
Unprompted review
Rated 5 out of 5 stars

Profitable trades, just want copy trading

Let me start of by saying the trades are immaculate. I joined VIP about 2 weeks ago. I have backtested the signals with my method of trade management and they are profitable. My only suggestion is I think they should have some type of automatic system to help us take the trades. That would be nice. That's my only suggestion. Everything else is perfect so far.

15 May 2024
Unprompted review
Rated 5 out of 5 stars

One of the best around

Joined Royal Trading Lounge a little over 6 months ago and my experience has been great so far. The signals are profitable overall, you just need to have basic knowledge of what you're doing. Zero regrets. Very Professional and responsive team.

15 October 2023
Unprompted review
Rated 5 out of 5 stars

Risk management is key

Not a get rich quick thing but if you remain consistent you won't be disappointed. Application of proper risk management is key as they trade mostly US30 and that can wreak havoc on any account regardless of account balance.

Not going to lie, it was a struggle at first but once I mastered using proper risk and actually formulated a trading plan (which they suggested), things started to get better for me.

I really do appreciate the team and their efforts. One of the few signals groups that actually provide value.

20 March 2024
Unprompted review
Rated 5 out of 5 stars

Highly recommend

If you're looking for actual decent signals, look no further. The consistency and quality is up there. Proud lifetime member for about 3 months. Great job team. Keep up the amazing work.

11 January 2024
Unprompted review
Rated 5 out of 5 stars

Very transparant

Shockingly they've been very transparent with their losses. I don't really understand why the previous reviewer would say they hide losses. This is the first channel I've been in that actually forwards losses to the free channel. The service is amazing! Customer support could be a little faster but the signals are top-tier.

7 May 2024
Unprompted review
Rated 5 out of 5 stars

The signals are actually great quality

The signals are actually great quality. Passed my prop firm challenge account in little over 4 days using the US30 signals only. They do trade gold a lot also. Very consistent and professional team. The key is to always follow proper risk management. Once you can do that and have the skill to mantain your trade, you should end your week or month in profit. Good luck😁

3 March 2024
Unprompted review
Rated 1 out of 5 stars

I have purchased their lifetime…

I have purchased their lifetime membership, but I wasn't pleased with their signals, as they fabricate their results. They aren't genuine at all. They're constantly hiding the losses. So after a week I decided to ask for a refund, and their response was that they don't do refunds, although on the website it says that they do have a refund policy. So I proposed to them if they would be willing to refund me 50%. Then all of a sudden they completely stopped replying to me for no reason. Although they claim that they have special treatment for people that have purchased a lifetime membership and this is how they show that. So what they have showed me is that what is most important to them is that they took your money and they don't care at all if you're going to be successful using their signals, which like I said you won't, because the results aren't genuine, and I had more losses then gains. What I also noticed is that when I entered the platform they had 8000 subscribers and within just few days more then 1200 users have left the platform, which proves my point even more that they fabricate their results. They just want to take your money unfortunately. All in all I would strongly recommend you to stay away!

EDIT: You have subscribers that are constantly leaving your platform and for good reason, because support is non existing. And no you didn't want to come to the settlement as you were ignoring my messages. Stop lying fraudsters I have a proof of you not replying to me!

1 April 2024
Unprompted review
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Reply from Royal Trading Lounge

Dear Filip,

Thank you for taking the time to share your feedback with us. We regret any frustration you may have experienced regarding our service and our policy on refunds.

We consistently provide updates on our wins and losses in both our free and VIP channels. It's important to note that while we offer signals, we do not manage trades; it remains the responsibility of our members to oversee their own trades. Last week, for instance, we achieved 13 wins and 2 losses, and we duly communicated both outcomes across our platforms.

Regarding the fluctuation in our membership, this is a common occurrence in any service.

We want to assure you that we did respond to your inquiry about a refund by reiterating our strict policy on refunds. However, we were more than willing to assist you in transferring your membership to another individual.

Our track record speaks volumes, evident in our ability to sustain a VIP membership base of over 6,000 individuals for the past year. We understand that our service may not be suited to everyone's needs, and we respect your decision if it's not the right fit for you.

We have proof of us responding to you! Please provide proof of fabricated results (hello@royaltradinglounge.com). Additionally, as stated earlier, our subscribers fluctuate as with any other service. Have a blessed day.

We wish you all the best going forward.

Kind Regards,
Royal Trading Lounge

Rated 3 out of 5 stars

This company has nothing to do with…

This company has nothing to do with tradinglounge.com

16 May 2024
Unprompted review
Royal Trading Lounge logo

Reply from Royal Trading Lounge

Hi,

Just to clarify, our company, Royal Trading Lounge is a separate entities from the business you mentioned. Not sure what was the point of this comment as we’ve never claimed otherwise.

While you haven't made a purchase with us or used our services, we're here to provide excellent service should you choose to in the future.

Feel free to reach out with any questions.


Thank you.

Rated 5 out of 5 stars

Amazing signal group i paid for…

Amazing signal group i paid for lifetime and just passed my phase 1 ftmo 50k challenge in just 5 days, they take losses but that all part of the game, very profitable, i highly recommend joining, you can’t spell millions without a couple L’s, keep to risk management like they says and you will be passing challenges in no time.

5 January 2024
Unprompted review
Rated 5 out of 5 stars

Royal Trading Lounge is the BEST!

Zero regrets!! I'm delighted to have joined this channel. Joined back in February and I have made almost 40% on my personal account and passed phase 1 of my FundedNext challenge.

Thank you traders and God bless❤️

6 February 2024
Unprompted review
Rated 5 out of 5 stars

BEST IN THE BUSINESS

I don't normally write reviews but these guys are undoubtably some good traders. I've passed three challenge accounts now using the signals.

9 February 2024
Unprompted review

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