Royal is a well-established broker since 2008. Royal has headquarters in Australia and Cyprus. Royal to provide their Forex/CFD trading services to over 4 million clients.
This broker has also been regulated by ASIC 420268 and CySEC 312/16.
Company Information
Features
🏆 Trading contests
📖 Free education
📊 MAM accounts
📁 Segregated accounts
🕋 Islamic accounts available
Account Information
Apart from the forex demo account, this broker offers Classic, Premium and VIP. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by Royal is up to 1:30. Meanwhile, you can open an account with a starting capital of $50.
Min Deposit
$50
Max Leverage
1:30
Spread
Fixed and Variable
Commission
$3.50
If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:
💲 Min Deposit $50
💡 Min Position 0.01 lot
🔢 Spread Fixed
📉 Scalping
🤖 Expert Advisors
💱 Hedging
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
Instruments Traded
Besides lots of currency pair, Royal also offers some instruments you would like to trade on, such as Forex, Gold & silver and Indexes for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for Classic account, Royal specifically provides it with the following instruments and leverage:
Forex
1:30
Gold & silver
1:30
Indexes
1:30
💲 Min Deposit $3500
💡 Min Position 0.01 lot
🔢 Spread Fixed
📉 Scalping
🤖 Expert Advisors
💱 Hedging
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
Instruments Traded
Besides lots of currency pair, Royal also offers some instruments you would like to trade on, such as Forex, Gold & silver and Indexes for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for Premium account, Royal specifically provides it with the following instruments and leverage:
Forex
1:30
Gold & silver
1:30
Indexes
1:30
💲 Min Deposit $35000
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
Instruments Traded
Besides lots of currency pair, Royal also offers some instruments you would like to trade on, such as Forex, Gold & silver and Indexes for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for VIP account, Royal specifically provides it with the following instruments and leverage:
Forex
1:30
Gold & silver
1:30
Indexes
1:30
Payment Methods
Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.
Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.
Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.
FasaPay : Known as an e-payment for retail forex traders, FasaPay does not require a huge amount of fee, giving it a competitive edge among any other e-payments in the forex brokerage industry. Instant process is also featured as one of its advantages.
Royal also provides payment with Check, POLi and Credit/debit cards
Trading Platforms
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.
Hereby, Royal offers you MetaTrader 4 (Limited with 30 days).
Customer Support
Do you have any question or find any trouble related to Royal? If you do, you should reach Royal's support to get the information that you need. Here is the detail of the broker's customer support:
Website Languages
Office Support
Email Support
Call Support
Chat Support
FAQ About Royal
Is Royal a good broker?
A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if Royal is a good broker for you or not by reviewing the criteria. In general, Royal provides trading service in Forex , Gold & silver and Indexes . As for the payment methods, you can choose between Check, Credit/debit cards, FasaPay, Neteller, POLi, Skrill and Wire transfer. The customer support is available via Callback, Email, Live chat, Office, Phone and Skype.
What is the minimum deposit for Royal?
The starting capital in Royal is $50.
Is Royal regulated?
Royal is regulated by ASIC 420268 and CySEC 312/16. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.
Is Royal legit?
Royal is a brokerage company offering trading services for clients since 2008 with offices in Australia and Cyprus.
