Rating Index
Pros
Offers a wide range of trading options, including CFDs, forex, cryptocurrencies, and more.
Provides customer support 24/7 via multiple channels such as chat, email, and telephone.
Claims to have a proprietary trading platform with advanced features for traders.
Cons
Unregulated and unlicensed, raising significant concerns about the safety of clients' funds.
High minimum deposit requirement of $250, which is above the industry standard.
Extremely high leverage ratios (up to 1:1000) and spreads that are significantly worse than industry averages, indicating potential risks for traders.
Royal broker Accounts
Royal Account Type
Royal offers several types of trading accounts to cater to different investor needs. The main account types include:
- Classic Account
- Minimum Deposit: $50
- Spread: From 1.4 pips
- Commission: None
- Features: Access to market updates and social media contests.
- Premium Account
- Minimum Deposit: $10,000
- Spread: From 1 pip
- Commission: None
- Features: Dedicated account executive, full suite of trading tools, and access to contests.
- VIP Account
- Minimum Deposit: $50,000
- Spread: From 0.6 pips
- Commission: None
- Features: Dedicated account executive and access to advanced trading tools.
- Islamic Account
- Swap-free account compliant with Sharia law.
- Features: No interest charges, but may have wider spreads and additional administrative fees.
- Demo Account
- Allows users to practice trading with virtual funds.
- Free of charge and provides a risk-free environment to familiarize with the trading platform.
- Registration
- Visit the Royal website and click on the "Open Account" button.
- Fill in your personal information, including phone number or email.
- Account Verification
- Submit identification documents such as ID card, passport, or driver's license for verification.
- This step is crucial for ensuring fund safety and is mandatory for withdrawals.
- Funding Your Account
- Navigate to the "Fund" section on the website.
- Click on "Deposit," select your preferred payment method, and confirm the payment.
- The balance will be updated immediately upon successful transaction.
- Withdrawal Process
- To withdraw, go to the "Fund" section and click on "Withdraw."
- Submit your withdrawal request, and Royal will process it within 24 hours on weekdays.
- Receive Bonuses
- Royal offers deposit bonuses up to $4,000, automatically credited on deposits.
Royal Broker Account Opening Process
Opening an account with Royal is a straightforward process that can be completed online. Here are the steps:
For further details on the types of accounts and the opening process, visit Royal Trading.
Royal Similar Broker Accounts
Explore broker markets account types: forex/trading accounts with demo access.
Royal accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .