Market Cap:
$201B
BTC Dominance:
66.77%
btc:
$7,429.47
eth:
$146.90
xrp:
$0.23
Advertise
8 /10
Overall Rating

Royal Financial Trading LTD (RFXT) Review

Read this Royal broker review before opening your account. Is Royal a Scam or Reliable Forex Broker? What are the benefits of trading with this broker? Unbiased trader review about this ASIC, CySEC and CMA regulated Forex broker. 

Royal is a brand of Royal Financial Trading Ltd. Royal was setup by a group of experienced traders. Hence, Royal is built on the cornerstone of "Knowing What Traders Want". The company has its origins from Lebanon and Cyprus, whilst it was established in 2006. On the trading software side, Royal offers the popular trading platform MT4. 

Together with offering optimised trading conditions and tailored client relationship management. Royal offer what traders need to succeed in the financial markets. Find out more with AtoZ Markets Royal broker review. If you have any previous experience with Royal, please share it in the reviews section below.

Overview

Company
8 /10
Trust
8 /10
Trading Platform
7 /10
Account Types
7/10
Cryptocurrency
7 /10
Costs
8/10
Customer Support
7/10
Regulation
9/10

At AtoZMarkets.com we have readers-first policy. Thus, we always put our readers' safety as a priority in our business line. We will never just satisfy ourselves with the company's public information, however, go in-depth. Often we will also register an account and test the asset management platforms directly!
For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography and reputation. The very same standards apply in case of this Royal broker review. Please see the following article on how we conduct our broker reviews.

Company

8 /10

Royal was setup by a group of experienced traders and built on the cornerstone of "Knowing What Traders Want". Therefore, Royal Financial Trading keeps their trading platform offering simple with the well-known trading platform MetaTrader 4 (MT4). Royal Financial Trading was founded in 2006 in Beirut, Lebanon. This also reflects in the websites of Royal, which are appealed for each of the regions:

  • www.rfxt.com
  • www.rfxt.com.lb
  • www.rfxt.com.cy

Royal offers online trading in spot forex, spot commodities, stock, bonds & indices CFDs, ETFs, futures and options. Its trading platform is accessible on both desktop and mobile devices. Royal complies with the regulators in each of the three countries it operates in: Lebanon, Australia and Cyprus.

Trust

8 /10

In addition to the certification the RFXT obtains by the three financial authorities in the respective countries the broker operates in, being regulated means the RFXT must segregate the clients’ funds from their operational funds, like any other regulated broker is requested to do. Add to that, as a CySEC regulated broker, they automatically are a member in the Investor Compensation Fund, which pays up to 20,00 EUR, should the company undergoes bankruptcy.

The broker is also required to report every single transaction they make to the regulator in CySEC.

That is for them in Cyprus. In Australia, unfortunately there is no compensation to be paid in case the company became insolvent.

Trading Platform

7 /10

Royal Financial Trading offers trading forex, CFDs and other variant instruments on the well-known trading platform MetaTrader 4 (MT4), with versions for both desktop and mobile devices. Their trading platform operates on all of the Windows, macOS, iOS, and Android environments. Other benefits for Forex traders at Royal are listed below:

  • Minimum Initial Deposit
    Clients are able to start with as low as $50, to open an account.
  • Maximum Leverage
    RFXT clients are entitled to use leverage ratios up to 1:400.
  • Trading tools
    RFXT clients are entitled to use VPS hosting, Economic Calendar, access to WebTV, TradingCentral news, market sentiments reports and more.

Account Types

7 /10

Royal offers its clients a wide range of account types:

  • Classic Account with Zero-commission, from 1.4 pips, Minimum Deposit of $50 and 1:400 Leverage
  • Premium Account with Zero-commission, from 1.0 pips, Minimum Deposit of $50 and 1:400 Leverage
  • "Edge" Account with 0 pips spread, $7 Commission, 1:400 Leverage and $1,000 Minimum Deposit
  • "VIP" Account with 0 pips spread, $5 Commission, 1:400 Leverage and $35,000 Minimum Deposit
  • "Pro" Account with 0 pips spread, $7 Commission, 1:400 Leverage and $100,000 Minimum Deposit

For starters in the industry, a free Demo account is also available, and micro lots can be traded on the Standard account.

Cryptocurrency

5 /10

Royal does not offer Crypto CFDs trading yet. Although, AtoZ Markets team is waiting for their management's response on the decision to add Crypto CFDs or not.

Costs

8 /10

The competitive variable spreads Royal Financial Trading offers on the Standard commission-free account start from 0.6 on the EUR/USD pair, while on the ECN account they are as low as 0.1 pips on EUR/USD. Taking into account the commission applicable to this account type ($7 per standard lot round trip).

The average trading costs for the EUR/USD pair are around 1.0 pips, which is on the lower end of average, with $7 per standard lot round trip as an applicable commission to this account type.

Customer Support

7 /10

Royal Financial Trading LTD allocates a communication channel on their websites, through the built-in messaging option, in addition to having channels over all of the social media platforms of Facebook, Twitter, YouTube, and G+.

The customer support team is well-informed and responsive, with a high profile when it comes to the art of dealing with the customer respectfully and nicely.

Regulation

9 /10

Royal is a brand of Royal Financial Trading LTD with registered offices in: Cyprus, Lebanon and Australia. Royal is therefore licensed in all of these regions, below you can find all the information and data:

  • ASIC License: Royal Financial Trading Australia
    Level 31, Grosvenor Place 225 George Street, Sydney, NSW2000, Australia
  • CySEC License: Royal Financial Trading (CY) Ltd
    Level 3 IRIS House, 8 John Kennedy, Limassol 3106, Cyprus
  • CMA License: Royal Financials SAL
    Berytus Parks Bldg., Block A, 1st Floor, Park Avenue, Mina El Hosn, Beirut, Lebanon

Conclusion

- /10

Our last word in this review is that the Royal is one of the brokers noted for their clear and straight business we have researched at AtoZ Markets. This explains why Royal has licenses in Australia, Cyprus and Lebanon. Furthermore, we can truly see that Royal was established by a group of experienced traders, their trading model and conditions are all geared towards benefiting a trader. Also, AtoZ Markets carried out a research into a considerable number of the broker’s customers. These broker customers show a noticeable level of satisfaction in their relationship with Royal.

Reviewed By

Our Broker Review methodology

Our mission is to provide online investors with the most unbiased, comprehensive reviews and ratings of self-directed brokers. Vetted by multiple industry experts - including a financial research firm with more than 20 years of experience in broker ratings - Our Broker Ratings and Reviews embody industry best practices for research design.

See how we conduct review