Richard Montana | August 2, 2022
OneRoyal is an online broker that provides top trading conditions for trading CFDs on currencies, indices, stocks, cryptos and commodities. They provide you with convenient access to trade the global markets via the ever popular MetaTrader 4 (MT4) platforms for your web, desk and mobile devices. You can benefit from some free high-quality tools to assist you with your market analysis, including the excellent Trading Central. There are solutions for money managers with the MetaFX and Multiterminal to manage multiple accounts. For those of you who don’t have the time or knowledge to trade manually, the broker has copy trading solutions from HokuCloud, ZuluTrade and Myfxbook. There is a choose of two main account types, one with no commission fee but a spread mark-up, the other with spreads starting at just 0.0 pips and a small commission fee. The required minimum deposit to open an account is just $50 and leverage of up to 1:1000 is available for those who are eligible. All in all, I think they can be good choice of broker for retail and institutional traders who are looking to trade online in a regulated environment with all the required tools at your fingertips.
Pros & Cons
- User-friendly MT4 platforms
- Hundreds of trading instruments
- Spreads as low as 0.0 pips
- Robust trading tools
- Professional Trading Central software
- Great selection of educational resources
- Good variety of funding options
- Copy trading solutions
- Convenient managed accounts
- Swap free accounts
- Free demo practice accounts
- Excellent customer support
- No MetaTrader 5 trading platforms
- Best trading conditions require larger accounts (VIP)
- Cannot accept clients from some countries
With many years of trading experience, OneRoyal is a regulated multi-asset broker that offers access to the global financial markets via the user-friendly MT4 trading platform. They give traders access to various trading conditions, including low spreads from 0.0 pips, quick execution speeds, zero commission fees and leverage of up to 1:1000. If you are a beginner, you will be pleased to see that the broker provides various educational resources to help you learn more about trading and investing online. Traders can get free access to some premium trading tools, whilst there is a multi-lingual customer support team on hand to assist you 24/7. The broker was launched in 2006 with the mission to offer great trading conditions to those who wanted to trade different financial assets. Their ambition is to be “the last broker our clients will ever register with”, simply because the trading experience and the products that they provide meet and exceed their expectations. I certainly think that they have come a long way to achieving that goal and more.
When it comes to choosing a broker, regulation is one of the first things that I look. This is because a regulated broker can give certain protection that an unregulated brokerage firm cannot. I would always prefer to trade with a regulated broker as it gives me the peace of mind that they will be operating in an honest and transparent manner. I am therefore pleased to see that OneRoyal is regulated in multiple jurisdictions. It is important to note that not all regulators are the same, therefore the products and protection can vary depending on the entity that you open an account with. OneRoyal is regulated in multiple jurisdictions as follows:
- Royal Financial Trading (Cy) Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC)
- Royal Financial Trading Pty Ltd is regulated by the Australian Securities & Investments Commission (ASIC)
- Royal ETP LLC is registered in Saint Vincent and the Grenadines (SVGFSA)
- Royal CM Limited is regulated by Vanuatu Financial Services Commission (VFSC)
OneRoyal does not provide trading services to anyone residing in the USA, Japan, Iran, and North Korea nor any other countries where the offer of its products are prohibited or restricted by laws. You must satisfy yourself that dealing in the broker’s products is permitted under the laws of the country that you reside. If you find that they do not accept users from your country for whatever reason, please feel free to browse our broker ratings for an alternative option.
MetaTrader 4 (MT4)
OneRoyal provides traders with the MetaTrader 4 platform, an advanced trading platform that was developed in 2005 by the trading software company, MetaQuotes. The platform is designed to suit traders of all levels with its user-friendly interface. It is packed with a range of advanced trading functionalities, such as one-click executions, stop and limit orders, technical indicators, live analytics, and support for automated trading using expert advisors. The MT4 trading platform is available as a desktop application for Windows and Mac computers, WebTrader, and mobile trading apps that are designed for Android and iOS devices. I have used MT4 for many years and never felt the need to switch to any other platform. It does everything that I need it to and more. The platform has an intuitive layout that can be customised according to your preferences. I think it is a good platform for beginners due to its simplicity, whilst it still has enough capabilities to meet the needs of even the most demanding of traders.
MetaTrader 4 (MT4) Features
- User-friendly platform
- Fully customisable
- Free to use
- Real-time price quotes
- 3 execution modes
- 2 market orders
- 4 pending orders
- 2 stop orders and a trailing stop
- Interactive charts
- 9 timeframes
- 23 analytical objects
- 30 technical indicators
- Trading signals and copy trading
- Wide selection of trading applications
- Free and paid add-ons
- Algorithmic trading
- Mobile trading
- Alerts and financial news
If you’ve got multiple accounts or you’re a Money Manager trading on behalf of your clients, MetaFX MAM (Multi-Account Terminal) is probably what you need. This platform is specifically designed to give traders the tools to quickly and conveniently allocate and manage funds under a master account. It is ideal for traders that manage multiple accounts utilizing Expert Advisors (EAs). MAM broadens the functionality of the MetaTrader 4 Platform by enabling the Money Manager to effectively trade and manage multiple accounts from a single MT4 interface. MAM has been designed with keeping maximum reliability and speed of execution in mind. All processing is centralized and server based, which allows the fastest and most reliable integration. Hundreds of accounts can be traded with one click and virtually no delay in allocations.
- Ten Allocation Methods including P&L Allocation and Trade Copier Allocation
- Unlimited Trading Accounts
- Trades – Full, Mini & Micro Lot Accounts
- Max Precision of P&L Allocation up to 16 Digits
- Any Order Types, Full SL, TP & Pending Order Functionality
- Partial Close of Orders by Master Account Execution or Individual Sub-Orders
- Allows Expert Advisor (EA) Trading of Managed Accounts from Client Side
MetaTrader 4 MultiTerminal
The MultiTerminal is intended for simultaneous management of multiple accounts, for which is mostly helpful for those whom manage investors’ accounts and for traders working with many accounts simultaneously. The MultiTerminal successfully combines great functionalities that allow effective trading with many accounts and with exceptional usability. The program interface is similar to that of the MetaTrader 4 Client Terminal. It is very simple, any trader using the MetaTrader 4 Client Terminal can easily get acquainted to this new program within a few minutes.
There is a great selection of robust trading tools that you can get free access to with OneRoyal. Some of the tools include the brilliant Trading Central, Technical Indicators, Copy Trading, MT4 Indicator Package, and an Economic Calendar that shows the schedule of future market events along with their expected impacts on the financial markets. I think there should already be more than enough tools already included within the MT4 platform for most traders but it is nice to see the broker gives you some premium tools to further enhance your trading environment.
Trading Central is a global leader of financial market research and investment analytics. Their broad portfolio of market solutions combines awarded analyst research and patented pattern recognition with 24-hour global multi-asset coverage. Collectively, these provide technical and fundamental analysis on 75,000+ instruments every market day to offer timely and actionable insight. Markets Never Sleep, and with offices around the world, Trading Central is always there to support your investment decisions with actionable research in the moments that matter. I think this is one of the best tools when it comes to professional market analysis, you can set it up to find trading signals based on your own customised preferences. In can literally save you from hours of chart watching and alert you when a possible trade setup arises. You can get Trading Central through some other brokers such as Libertex.
This is a handy add-on for the MT4 platform that includes 12 exclusive apps in one to boost the possibilities within the platform. This powerful MT4 booster pack includes useful tools like the Alarm Manager, the Correlation Matrix or the Tick Chart Trader as well as important indicators like the Keltner Indicator or the Renko Bar Indicator, which definitely supports you while trading or analysing the market. It is a great tool for improving your market analysis and trade efficiency.
The features of the MT4 Accelerator Pack include:
- Alarm Manager
- Correlation Trader
- Correlation Matrix
- Excel RTD
- Market Manager
- Trade Terminal
- Sentiment Trader
- Sentiment Map
- Tick Chart Trader
You can open a HokoCloud account through OneRoyal and gain access to countless trading strategies of top-performing traders. HokoCloud opens new doors into trading – with its blazing fast speed, 100% uptime, and compatibility with the MT4 trading platform, it allows traders to discover and copy successful strategies from numerous leading traders. I think this can be a good option for those of you who don’t have the time to trade manually by yourself. However, it must be stated that there is no guarantee on results when using a copy trading platform. Past performance is by no means a reflection of what will happen moving forward. I personally prefer to maintain full control over my trading as I feel that is the best way to learn from your mistakes. That being said, there is a good variety of copy trading signals that you can browse through and choose to follow with HokoCloud.
- Easy to use
- Unbiased & Transparent
- Social Proof
- Automatic Replication
- Risk Management
ZuluTrade is a Greek financial technology company that operates an online and mobile social and copy trading platform. This social trading platform allows users to copy other traders. You can open a ZuluTrade through OneRoyal and access the trading strategies of leading traders, ranked by ROI and risk behaviour. View their performance history and track record, then choose the successful trader to copy. ZuluTrade’s highly advanced system of Signal Providers can boost your trading possibilities but as with HokoCloud, does not guarantee results. I still don’t think anything beats learning how to master your own strategies but I can understand why social trading would be a more accessible option for those who cannot dedicate the time and resources required to learn how to trade online. If you are specifically looking for a social trading platform, I would say that eToro are the market leaders in this respect.
- Learn how others succeed and fail
- Choice of signals for diversification
- Risk management tools
- Invest with limited market knowledge
- Build a passive investment
- Save time required to trade manually
Myfxbook is a unique service for traders, and it includes several different tools specially designed to enhance the ability to copy trades. Used worldwide, this service mirrors the trades of other traders, with a huge selection of trading strategies to choose from. You can connect your OneRoyal account and benefit from collaboration, analysis and copy trading. All of the Myfxbook AutoTrade traders and published trading systems have been screened and approved by AutoTrade, thus clients have the potential to be tapping into a pool including some of the brightest social forex traders. I must say, I have found the signals to be hit and miss in my experience. You will see there are many users who are using dangerous strategies such as martingale money management and grid trading. Whilst some results may look good on the surface, such trading systems often implode. There is no doubt some decent strategies out there to copy, just make sure you do your own in-depth research and due diligence if you decide to go this route.
Myfxbook AutoTrade Features
- Easy to setup – just connect your account
- Analyse past performance of signal providers
- Choose from thousands of trading strategies
- Start and stop copying trades at anytime
- Provide your own strategy for others to follow
If you are looking for a stable, convenient, and ultra-low latency trading environment, then you can get a Virtual Private Server (VPS) from some of the best providers in the world, straight through OneRoyal trading account. A VPS can be described as a cloud-based desktop PC. So, instead of using your own device as the host of your trading platform and trading activities, you use the virtual server that’s located in a data centre elsewhere in the world. One of the main benefits of this is that a virtual server should never fail under power cuts, connection problems or other issues you might face at home with your hardware. It’s also strategically located in top-tier data centres close to your broker’s location, making execution much faster. I have my own forex VPS from a third-party provider that I find to be an invaluable tool for simultaneously running multiple instances of the MT4 platform without needing my own computer switched on all of the time. It allows me to run my automated strategies around the clock and compare brokers to see how they perform. The broker can incorporate a VPS with your OneRoyal account upon request from a few of the top VPS providers. You can also get a free VPS from some other brokers including IC Markets.
You can make accurate assessment to make the most out of your trades with the brokers selection of handy online trading calculators. These calculators will allow you to evaluate the risk of the trades you carry. I think they can be very useful for when you need to quickly to complex calculations to plan your trades whilst in a hurry, or for those who aren’t very good at maths.
I was really impressed with the excellent variety of educational content that OneRoyal provides traders with to help them learn more about the markets so that they have the knowledge required to make informed trading decisions. It is always nice to see a broker that wants to encourage traders to succeed and backs them up with the necessary resources. These learning resources include tutorial videos, trading guides, webinars, FAQs and a trading blog. I think there is more than enough here for even novice traders to get up to speed with trading online. You can browse through the easy to understand content at your own pace and put what you have learned into practice with a free demo account.
OneRoyal has a very generous selection of financial instruments across various asset classes for you to choose from including forex, cryptos, stocks, ETFs, indices and commodities. I think there should be more than enough options for everyone to create a diversified portfolio, regardless of your interests. You will find everything from major, minor and exotic currency pairs, popular stocks and trending cryptos. OneRoyal are a CFD broker, which means that you can speculate on the price of the instruments without needing to physically own the underlying asset. The difference in price between when you open and close your position, is the profit or loss minus any brokerage fees.
The broker has a decent choice of trading accounts that offer traders ultra-fast execution, tight spreads, and low commissions. You also get free access to all of the premium tools and expert one-to-one support from a dedicated account manager. You can choose the trading account which is more suited towards your trading strategy. The minimum deposit required to start trading is $50 which is relatively low when compared to other brokers, some who require a deposit into the thousands.
Zero Commission Account
With the brokers zero commission trading account, you’re never charged any commission fee. This is because the commission is already included within the spread which incurs a mark-up. Whilst this does mean spreads are higher than the ECN account, the overall difference in costs probably wouldn’t be that significant unless you are trading in large volumes.
ECN Trading Account
When it comes to the ECN trading account, they provide traders with raw spreads starting from 0.0 pips on the EUR/USD, which means that the pricing is super-low. I would say this account is probably more suitable for those of you who are using scalping strategies or automated systems that require the lowest spreads possible at all times. However, unlike the zero-commission account, the ECN account does incur a very competitive commission fee on top of the spread.
Swap Free Account
OneRoyal offers swap-free accounts for clients who cannot earn swaps due to their religious beliefs. You can get a swap-free account with OneRoyal while maintaining the same execution speed, sufficient liquidity, and top trading conditions. As soon as your request is received and your details are validated, your trading account will become swap-free. OneRoyal reserves the right to revoke the swap-free status of the given account anytime a client misuses swap-free facilities for profit by holding floating positions for a longer period of time.
A free demo account is also available for practice purposes. This can be a great way to get a feel for trading online and see if the broker has the conditions required for your needs. Once you have built up enough confidence, you can make the hassle-free switch over to a live account.
All clients’ general, technical, and account-based inquiries are channelled to a knowledgeable customer support team. The support team can be contacted via telephone, email, live chat, online feedback form, and social media. They are always on hand and happy to help. I appreciate how the broker has taken the time to respond to feedback online as it shows they care about user experience and are willing to listen to ways in which they can improve.
OneRoyal provide a whole host of different funding options, from credit and debit card and bank wires to eWallets. I find the digital wallet option to be the most convenienet as they enable me to quickly and easily move funds between my trading accounts. This is important incase I need to quickly react to some market news and dont want to wait around days for a bank transfer to clear. Funding your account is easy and you do it from within trader’s corner, which is your personal client portal with the broker. The following payment methods are accepted at OneRoyal for both account deposits and withdrawal purposes:
- Bank wire transfer
- Credit/Debit cards
- Online payment processors
Overall, I am very impressed with OneRoyal and the excellent range of trading and investing products and services that they offer. They have everything retail and institutional traders need to access the markets including the user-friendly yet powerful MT4 platforms, managed accounts and copy trading platforms. There are some top quality free premium tools including the fantastic Trading Central which is ideal for conducting automated market analysis to find customised signals. Beginners are looked after with a plethora of easy to understand educational content including guides and videos. I found the trading conditions to be very good, with a choice between commission free trading or zero spreads on the ECN account. However, the broker does require a larger deposit to get access to the best trading conditions they offer. I also feel they could improve by adding support for the newer MetaTrader 5 platform in addition to MT4. Other than that, OneRoyal can be an option worth considering for anyone who is looking to trade manually or copy other traders in a regulated environment with lots of tools and resources at your disposal. There is the option of a free demo account if you are curious and want to try them out before making a commitment.