Royal is an online retail broker that was launched in 2006 with the mission to offer great trading conditions to those who wanted to trade different financial assets: Forex, CFDs, metals, indices, cryptocurrencies, and shares. They provide traders with the popular MT4 trading platform and offer two main account types, with a required minimum deposit of $50 and leverage of up to 1:500.
Royal Review, Pros & Cons
- Regulated broker
- User-friendly MT4 platform
- Several standalone trading tools
- Educational resources
- No USA clients
- No MetaTrader 5 trading platforms
- Best trading conditions require larger accounts
In this detailed Royal review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
With a trading experience of over 15 years and still counting, Royal is a regulated multi-asset broker that offers access to the global financial markets via the MT4 trading platform. They give traders access to various trading conditions, including low spreads from 0.0 pips, zero commissions, leverage of up to 1:500, and more. The broker provides various educational resources and some useful trading tools, whilst there is a dedicated customer support team to assist traders.
Royal is regulated in multiple jurisdictions as follows:
- Royal Financial Trading (Cy) Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) and authorised, with License number 312/16, to provide the following investment and ancillary services.
- Royal Financial Trading Pty Ltd (ACN: 157 780 259) is regulated by the Australian Securities & Investments Commission (ASIC). ROYAL holds an Australian Financial Services License (AFSL 420268) and is authorised to provide financial services to Wholesale Clients only (within the meaning of the Corporations Act 2001(Cth)).
- Royal Financials SAL is authorised and regulated by the Lebanese Capital Markets Authority (CMA) as a Financial Intermediary Institution (license #15).
- Royal ETP LLC is registered in Saint Vincent and the Grenadines under Company Number 149LLC2019.
- Royal CM Limited is regulated by Vanuatu Financial Services Commission (VFSC) with License Number 700284.
Royal does not provide trading services to anyone residing in the U.S.A, 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.
Some Royal features and products mentioned within this Royal review may not be available to traders from certain countries because of legal restrictions.
Royal provides traders with the MetaTrader 4 trading platform, an advanced trading platform that was developed in 2005 by the Russian 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 a mobile app that is designed for Android and iOS devices.
Royal Trading Tools
There is a selection of useful trading tools on the broker’s website. Some of the tools include Trading Central, Technical Indicators, ZuluTrade, MT4 Accelerator, MyFXBook, and an Economic Calendar that shows the schedule of future market events along with their expected impacts on the financial markets.
The broker provides traders with various learning resources to help them make informed trading decisions. These learning resources include forex videos, educational FAQs, blogs, and more.
Royal offers the following trading instruments: forex, metals, oil, indices, cryptocurrencies, shares, and more.
Royal Accounts & Fees
Royal offers two main account types: ZERO, which is the zero-commission trading account, and CORE, which is a raw-spread trading account. Each of the main accounts is sub-divided into three account types, namely: Classic, Premium, and VIP Accounts. The minimum deposit required to start trading is $50. A demo account is also available for practice purposes.
As broker fees can vary and change, there may be additional fees that are not listed in this Royal review. It is imperative to ensure that you check and understand all of the latest information before you open a Royal broker account for online trading.
All clients’ general, technical, and account-based inquiries are channeled to a knowledgeable customer support team. The support team can be contacted via telephone, email, Live Chat, online feedback form, and social media.
Royal Deposit & Withdrawal
The following payment methods are accepted at Royal for both account deposits and withdrawal purposes:
- Bank wire transfer
- Credit/Debit cards
- Online payment processors — Neteller, Skrill, Paypal, and more
Royal Account Opening
Potential traders who want to open an account with the broker should click on the ‘Register’ button at the top-right corner of the broker’s website and follow the subsequent instructions.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.
Royal is an online financial services provider that allows traders to buy and sell various financial instruments via the popular MT4 trading platform. Traders are provided with some favourable trading conditions — various account types, low spreads from 0.0 pips, leverage of up to 1:500, and zero commissions. Interestingly, the broker is regulated in multiple jurisdictions.
Online trading in leveraged Foreign Exchange and CFD instruments contains a high level of risk and may not be suitable for all investors. High leverage trading can subject your account to high losses as well as present profit opportunities. Before deciding to invest in margin instruments, you must seriously consider your investment goals, experience level, and risk appetite. Online trading in leveraged instruments may cause you to lose some or all of the funds in your account and you should not risk any funds you cannot afford to lose. You should be aware of all the risks associated with online trading on margin and consult with an independent investment advisor if you have any concerns