A new Forex system that promises users insured profits, acquired through risk-free trading has recently appeared on the online market. It is called The Royce Code and is established by a man called Richard Royce and his alleged team of financial and programming experts.

The so-called Royce Team promises that the auto-pilot software can supposedly generate up to $2,000 per day even to people with zero investment experience. While not impossible, this claims is a bit far-fetched given the fact that the robot is brand new.

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Basic information:

  • Price: Limited Free Spots
  • Software: Auto-Pilot Software
  • Max Returns: 80%
  • Min Deposit: $250


  • Browser-Based


  • Non-Existent Creator
  • Unrealistic Success Rate
  • Shady Broker Connections
  • Negative User Feedback
  • Not Proven to Work

Top10BinaryDemo Verdict

Not Reliable Service

Full Review

Feedback about is pretty scarce and mainly in the negative direction. TheRoyceCode System is stated to be invitation-only, but our research shows that this is not true. Anyone can sign up and get started with it. Mr. Royce says that the company behind the software – Royce Wealth Group has been operating for the last 10 years, focusing mainly on high-end clients. Our in-depth inquiry came across some facts suggesting that such a trading firm does not exist in real life.

The automated investment robot is fresh and still has enough time to prove its income-generating capacity, we consider this highly unlikely. The Royce Code is proven to be devious and the probability of it being scam is very high.


What is TheRoyceCode System?

This Forex software was supposedly founded 10 years ago by Richard Royce who gathered a team of the best known industry experts in the fiends of data analysis, marketing and upscale investments. Up until the present Beta-testing phase, it was available only to prominent financiers who were willing and had the ability to make deposits over $250,000.

For unknown reasons, the Royce Wealth Group decided to make 15 spots accessible for free sign up for a limited period of 7 days. Some facts that we were able to come across, however, suggest that this is not genuine and anyone can get started at any given moment. The statements are just a simple marketing tactic, used to attract more people.

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The Royce Team also makes further claims that the auto-pilot system can provide one with guaranteed 100% daily profits of up to $2,000, but this information is also not verified for the time being. Another alleged special feature are the expedited 24-hour withdrawals.

Interesting Fact:

There is a very high probability that founder and CEO Richard Royce is not real, so the name of the automated trading robot is most likely derived from the suggestion that online investors who get started with it will accumulate such wealth that they will be enabled to purchase a Rolls-Royce.

How Does TheRoyceCode Software Work?

The basic of this Forex automated system are Algo-trading. After being in operation for more than 10 years, TheRoyceCode System’s programming staff started tweaking and improving the computer codes[1], so that it can achieve better results.

It took them 18 months to complete the process and they supposedly analyzed every single bit of information about a winning or losing trade they had. The results were then ‘distilled’ into an algorithm and this is how the robot actually works and generates profits.

Is The Royce Code a Scam or Legit?

All available information about this automated trading system appear to be dubious at least. There is no concrete data suggesting that founder Richard Royce and his company actually exist in real life. While the promised daily earnings do not sound overblown or exaggerated, there have been many user reports about the supposedly expedited withdrawal procedure.


Most users have not been able to withdraw their profits within 24 hours and there is evidence that The Royce Codes has connections to some rather shady Forex & CFDs trading brokers[2]. This is why, we consider the software a likely scam and advise everyone to turn to another profit-amplifying solution.

Final Thoughts

The Royce Code by Richard Royce is a piece of Forex automated software which has yet to prove its income-generating ability. Although the claims issued by the supposed founder make everything about the system appear to be just swell, we were able to come across data that suggests the exact opposite. It would be best if users avoided using the solution for the time being.


t10demo_high_risk_stampOur investigation team conducted a comprehensive investigation on The Royce Code to find out if this product is genuine. As a result we cannot say that there was enough evidence indicating if The Royce Code is generating high profits. We found many reasons that made us suspicious about this robot being a scam.


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References & Further Reading:

1. Information presentation and management in an online trading environment (Martin L. Hess & Michael K. Wilson, July 2nd 2002)

2. An Analysis of Brokers’ and Analysts’ Unpublished Forecasts of UK Stock Returns (Elroy Dimson & Paul Marsh, The Journal of Finance, Volume 39, Issue 5, December 1984, Pp. 1257–1292)

3. Commodity futures price prediction and trading strategies: A signal noise difference approach (Jinhao Zheng, Shoukang Peng – 2013)

4. The new global trading order: The evolving state and the future of trade (Dennis Patterson, Ari Afilalo, 2010)

5. Fundamentals of signals and systems (Philip D. Cha, John I. Molinder, 2006)

6. Automated analysis of news to compute market sentiment: Its impact on liquidity and trading (Gautam Mitra, Dan di Bartolomeo, 2015)

7. Options, short sales, and market completeness (Stephen Figlewski – The Journal of Finance, 1993)

8. Forex choice valuation studies with heteregeneous preferences regarding the program being valued (Anni Huhtala, 2000)

9. Option trading volume and stock price response to earnings announcements (Cameron Truong, Charles Corrado – Review of Accounting Studies, 2014)

10. A model of investor sentiment (Nicholas Barberis, Andrei Shleifer – Journal of Financial Economics, 1998)