8 /10
Overall Rating

ROYAL Review

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Read this ROYAL Review before opening your account. Is this a Reliable Forex Broker? Find out more with our AtoZ Markets Forex broker review of ROYAL. 

The Royal™ brand was launched in 2006 with the vision to run a globally successful forex company that would offer great trading conditions to those who wanted to trade forex, CFDs, metals, stocks and shares.

We have done an extensive review of the company and found it legit and recommendable. This broker provides maximum flexibility on deposit requirements for all traders. At AtoZMarkets.com, we have a readers-first policy. Thus, we always put our readers’ safety as a priority in our business line. We will never satisfy ourselves with Brokers’ public information, however, go in-depth. Often we will also open live and demo accounts and test brokers 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 the case of this ROYAL broker review. Please go through this article on how we conduct our broker reviews

Overview

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

Company

8 /10

ROYAL is a global team of expert traders and professionals who established a firm in 2006 with the aim to provide traders with the right tools to make them successful in the financial market. It’s in Royal’s aim to offer the best trading opportunity for their direct trading clients & money manager partners, as well as institutional clients. Moreover, they do so by offering optimal trading positions such as very low commission charge, low spreads and enormous liquidity, as well as tailored broker services with truly innovative trading education videos.     

The Royal brand is regulated in many jurisdictions throughout the world and is an internationally recognised, online Forex & CFDs broker with a fantastic team of over 130 talented and dedicated people spread across 4 continents.

The difference between the ROYAL and other brokers is that they speak to all traders like they’re human beings & not just some entry in a CRM.

Pros & Cons

Pros

  • Regulated by ASIC
  • Regulated by CySEC
  • Copy Trading opportunity through Zulutrade and Myfxbook
  • MetaFX platform for money managers and professional traders.
  • Lots of resources like trading central, DowJones newswire, and MT4 accelerator.
  • Free market analysis through Royal daily blog.

Cons

  • The demo account is for 30 days only.

Trust

8 /10

Over the years, Royal has established partnerships with well-established, domestic and international banks. Client funds are held in a segregated client trust account that can not be used for any of Royals operational purposes.

Royal only accepts clients and funds that adhere to strict Anti-Money Laundering conditions, which means they protect clients from regulatory transgressions. They understand the great importance of clients placing on how quickly they receive their funds once requested. It is, therefore, their top priorities to ensure that a withdrawal request is acted on swiftly.

Trading Platform

7 /10

Royal offers the most powerful platforms on all devices. Traders can get hands-on MT4, the world’s most popular forex trading platform. On the other hand, MONEY MANAGERS can get all needs covered with MT4 MultiTerminal, or MetaFX.

#1 ROYAL MT4

MT4 Desktop continues to be one of the most popular choices among traders. Traders can get comfortable in the chair, power up that PC and get started with MT4. Just like PC has stood the test of time, MT4 has proven itself as the industry’s top choice time and again, with unbeatable benefits designed to make life easier. 

In case of difficulties to access the MT4 mobile or desktop, traders can continue their trading activities from MT4 web. Traders can simply sign-in and start trading, from anywhere, at any time. Royal MT4 mobile is available on any device or operating system; iPad, iPhone, Galaxy, Huawei. 

Some companies make it hard for Mac lovers to get programs running, but not at Royal. Traders can enjoy MT4 in all its glory on Macbook, iMac, Mac Mini or any other Apple computer.

You can trick out the MT4 platform with this pack of advanced add-ons. This powerful MT4 booster pack includes advanced trade execution and management, decision assistance, sophisticated alarms and much more:

  • Full trading functionality (order, position & risk management)
  • Automated trading through expert advisors
  • Advanced charts with powerful, pre-built, custom-made indicators
  • Live quotes on a wide range of markets
  • News & alerts
  • One-click trading

MetaFX

The Multi-Account Management Extraordinaire is suitable for those who got multiple accounts or work as a Money Manager trading on behalf of clients, MetaFX MAM (Multi-Account Terminal) is probably the solution that a money manager needs. This platform is specifically designed to give traders the tools to quickly and conveniently allocate and manage funds under a master account.

MT4 MultiTerminal

Traders can handle multiple trading accounts with the MT4 Multiterminal. With all the functionality of MT4, MultiTerminal allows simultaneous allocation of orders to more than one trading account.

Account Types

8 /10

ROYAL offers two main account types: ZERO, which is our zero commission trading account, and CORE, with a raw spread trading account. Moreover, they have Demo accounts for practising, which is great for anyone looking to learn in a demo trading environment.

Zero Account:

  • Spread is variable and low compared to the sector average. (1.4 pips in the classic account, 1 pip in Premium account and 0.6 pips in VIP account).
  • Zero commission for every trade.
  • The initial deposit is as low as $50.
  • MT4, Webtrader and Multi-Terminal as a trading platform.
  • Live market update available

CORE Account

  • Spread is zero.
  • Commission for classic account $7, Premium account $5 and VIP account $3.5.
  • The initial deposit is as low as $50.
  • MT4, Webtrader and Multi-Terminal as a trading platform.
  • Live market update available

Cryptocurrency

7 /10

Royal clients can trade crypto CFDs on very competitive spreads. Currently, the broker provides the possibility to trade BTCUSD, ETHUSD, LTCUSD, RIPUSD on their platform.

Costs

9 /10

Zero account spread is variable and low compared to the sector average (1.4 pips in the classic account, 1 pip in Premium account and 0.6 pips in VIP account) without any commission. On the other hand, the core account charges commission from $3.5 to $7. 

Deposit and withdrawal through credit card, Neteller, and skrill are covered by ROYAL. However, payments to and from international banking institutions may attract transfer fees.

Customer Support

8 /10

Traders can access the FAQ section to go through the most of the generally asked questions.  Homepage. Moreover, ROYAL contact methods include live web chat, WhatsApp, Messenger, call back request and email support.

Regulation

9 /10

Royal Financial Trading Pty Ltd is licensed and regulated by ASIC (Australian Securities & Investments Commission – License number AFSL 420268) and located in Sydney, Australia.

Royal Financial Trading (CY) Ltd is licensed and regulated by CySEC (Cyprus Securities & Exchange Commission – License number 312/16) and located in Limassol, Cyprus.

Royal Financials SAL is licensed and regulated by the Lebanese Capital Markets Authority (CMA) as a Financial Intermediary Institution (License No. 15) and located in Beirut, Lebanon.

Conclusion

The ROYAL offers the opportunity to trade with a lot of trading instruments across Forex, Indices, stocks, etc. from all of its trading account.

Based on our thorough analysis, ROYAL is a promising entry in the online CFD trading world as it is regulated by CySEC and ASIC. Moreover, with the full function of MT4 with metaFX trading platform traders can have extensive ways to trade both individually and as a fund manager.

Reviewed By

Our Broker Review methodology

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  1. Jamil el dareini says:

    High commission spread and swap . swap is ribba they are not islamic accounts.they are lying .Avoid them

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