Based in Australia, Royal is a regulated online financial services provider. They allow traders to buy and sell various financial markets, such as Forex, CFDs, metals, indices, cryptocurrencies, and shares. Trades are carried out using the popular MT4 trading platform. They provide clients with competitive trading conditions, including leverage of up to 1:500, low spreads from 0.0 pips, zero commissions, and more. In addition, there are learning resources, trading tools, and a polite customer service team available to assist traders. The minimum deposit required to start trading is $50.
Royal Review Introduction
In this Royal review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers, including Royal.
Royal Platforms & Tools
At Royal, all trading activities are carried out on the MetaTrader 4 platform — a popular trading platform that came into existence in 2005. The platform is replete with helpful trading tools and has advanced trading capabilities. In addition, it has support for automating trades using expert advisors. The broker makes the MT4 platform available as a desktop application for Windows and Mac computers; a web version that can run directly on Chrome, Safari, Firefox, Edge, and other modern web browsers; and a mobile app that is compatible with smartphones running on Android and iOS. The mobile app allows traders to place trades and check trading positions while on the move if there is an internet connection.
In addition to the built-in tools of the MT4 trading platform, traders are provided with some standalone tools to enhance their trading experience. These useful trading tools include the following: Trading Central, Technical Indicators, ZuluTrade, MT4 Accelerator, MyFXBook, an Economic Calendar, and more.
Royal Research & Education
To ensure that traders make the right trading decisions, the broker makes available many learning resources on their website. These learning resources include forex videos, educational FAQs, blogs, and more.
Royal Trading Accounts
There are two main account types at Royal, namely: ZERO and CORE accounts. The former is a zero commission account, while the latter is a raw spread account. Each of the accounts has three sub-accounts: Classic, Premium, and VIP Accounts. A demo account is available for practice purposes.
Royal Account Funding
Traders are allowed to deposit and withdraw funds to and from their trading accounts using any of the following payment methods: The following payment methods are accepted at Royal for both account deposits and withdrawal purposes: bank wire transfer, credit/debit cards, online payment gateways, and cryptocurrencies.
Royal Customer Service
Royal has a customer support team that is polite and prompt in response. The support team can be reached via telephone, email, Live Chat, online feedback form, and social media.
Royal is regulated in multiple jurisdictions as follows:
- Royal Financial Trading (Cy) Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) and authorized, 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 authorized to provide financial services to Wholesale Clients only (within the meaning of the Corporations Act 2001(Cth)).
- Royal Financials SAL is authorized 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 Review Summary
Royal is a multi-asset brokerage firm that is regulated in several jurisdictions. They provide traders with the MT4 platform for trading various financial instruments. In addition to the MT4, they also provide clients with useful trading tools and educational resources. There is a choice of two main live trading account options with a minimum deposit requirement of $50.
It is worth mentioning that some of the trading products and services in this Royal review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the Royal broker website, which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. It would help if you considered whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.