Royal broker Accounts

Royal Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: Royal Account Types Overview

Royal Account Types Explained

Royal offers a variety of account types tailored to meet the needs of different traders. Below is a comprehensive overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips
• Leverage Options: Up to 1:500
• Key Features: User-friendly interface, suitable for beginners
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads with a commission of $3 per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads
• Target User Profile: Experienced traders
• Trading Instruments Available: Forex, commodities, cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Fixed spreads starting from 0.5 pips
• Leverage Options: Up to 1:100
• Key Features: Advanced trading tools, priority customer support
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, stocks

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features: Swap-free trading options
• Target User Profile: Muslim traders adhering to Sharia law
• Trading Instruments Available: Forex, commodities, indices

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Up to 1:500
• Key Features: Risk-free environment for practice
• Target User Profile: Beginners and those testing strategies
• Trading Instruments Available: Forex, commodities, indices

Account Type Comparison Table

Recommended Account Types by Trader Level:

• Beginners: Standard Account
• Intermediate Traders: ECN Account
• Advanced Traders: Pro Account
• Muslim Traders: Islamic Account
• Practice: Demo Account

Part 2: Royal Account Features Comparison

Detailed Royal Account Features

When choosing a Royal account type, it's essential to consider various features that can impact your trading experience. Below is a comparison of key features across different account types:

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: N/A

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:100

• Islamic: 1:500

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: Variable from 1.0 pips

• ECN: Raw spreads with $3 commission

• Pro: Fixed from 0.5 pips

• Islamic: Variable from 1.0 pips

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: None

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro and Mini

• ECN: Standard

• Pro: Standard

• Islamic: Micro and Mini

• Demo: Micro and Mini

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Instant

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: N/A

• Demo: N/A

• Swap-Free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: N/A

• Demo: N/A

• Demo Account Features:

• Virtual balance: $10,000

• Duration: 30 days

• Expiry: After 30 days of inactivity

Advantages and Disadvantages of Each Account Type

Standard Account:

• Advantages:
• Low minimum deposit
• User-friendly for beginners
• Access to a variety of instruments
• Disadvantages:
• Higher spreads compared to ECN
• Limited advanced features

ECN Account:

• Advantages:
• Lower spreads
• Direct market access
• Suitable for scalping
• Disadvantages:
• Higher minimum deposit
• Commission fees apply

Pro Account:

• Advantages:
• Fixed spreads
• Advanced trading tools
• Priority support
• Disadvantages:
• Higher minimum deposit
• Limited leverage

Islamic Account:

• Advantages:
• Swap-free trading
• Same features as Standard Account
• Disadvantages:
• Limited availability for non-Muslim traders

Demo Account:

• Advantages:
• Risk-free environment
• Practice with virtual funds
• Disadvantages:
• Limited duration
• No real trading experience

Part 3: Royal Account Opening Requirements

Royal Account Registration Requirements

To open a Royal account, certain eligibility criteria and documentation are required:

• Eligibility Criteria:

• Age Requirements: Must be at least 18 years old (age of majority in your province).

• Geographic Restrictions: Available to residents in most countries, but specific restrictions may apply.

• Prohibited Countries: Certain countries may be restricted based on regulatory compliance.

• Identity Verification Documents Needed:

• Government-issued ID (passport, driver's license)

• Social Insurance Number (for tax purposes)

• Proof of Residence Requirements:

• Utility bill or bank statement with your name and address

• Additional Documentation for Professional Accounts:

• Proof of trading experience or financial background may be required.

• KYC/AML Compliance Procedures:

• All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.

• Verification Time Frames:

• Account verification typically takes 1-3 business days, depending on the completeness of submitted documents.

Part 4: Royal Account Opening Process

Step-by-Step Royal Account Opening Guide

Follow these steps to successfully register for a Royal account:

1. Visit Website and Click Registration: Go to the Royal website and select the account type you wish to open.
2. Personal Information Entry: Fill out the required personal information including name, address, and contact details.
3. Choose Account Type: Select the account type that best suits your trading needs.
4. Set Trading Preferences: Specify your trading preferences, including leverage and account settings.
5. Document Upload: Upload the necessary identification and proof of residence documents.
6. Account Verification: Wait for the account verification process to be completed.
7. Fund Your Account: Once verified, fund your account using your preferred method.
8. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but the mobile interface may have simplified steps for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload fails.

• Solution: Ensure documents are clear and in the required format (PDF, JPG).

• Issue: Verification takes longer than expected.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• The average account approval time is 1-3 business days, depending on the completeness of the application.

How to Upgrade/Downgrade Account Types

• To upgrade or downgrade your account type, contact customer support or access your account settings through the trading platform.

Part 5: Royal Demo Account Information

Royal Demo Account Guide

The Royal demo account provides a risk-free environment for traders to practice their skills.

• Demo Account Features and Benefits:

• Access to all trading instruments available in live accounts.

• Ability to practice trading strategies without financial risk.

• How to Open a Demo Account:

• Visit the Royal website and select the demo account option.

• Complete the registration form and set up your demo account.

• Demo Account Limitations:

• Limited duration of 30 days.

• Virtual balance of $10,000.

• Virtual Balance Amount:

• $10,000 in virtual funds for practice.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds, while live accounts involve real money and trading conditions.

• Duration/Expiry of Demo Accounts:

• Demo accounts expire after 30 days of inactivity.

Part 6: Royal Islamic Account Details

Royal Islamic Account Details

Royal offers Islamic accounts that comply with Sharia law.

• Swap-Free/Islamic Account Availability:

• Available for Standard, ECN, and Pro accounts.

• Eligibility Requirements:

• Must be a Muslim trader adhering to Islamic finance principles.

• Differences from Standard Accounts:

• No swap fees charged on overnight positions.

• How to Apply for Islamic Account:

• Select the Islamic account option during the registration process.

• Restrictions or Special Conditions:

• Must provide documentation confirming eligibility for an Islamic account.

FAQs – Royal Account Types & Opening

1. What account types does Royal offer？

• Royal offers Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: $100, ECN: $500, Pro: $1,000, Islamic: $100, Demo: N/A.

1. How long does Royal account verification take？

• Verification typically takes 1-3 business days.

1. Does Royal offer demo accounts？

• Yes, Royal offers a demo account with a virtual balance of $10,000.

1. Can I have multiple account types with Royal？

• Yes, you can open multiple account types.

1. Does Royal offer Islamic/swap-free accounts？

• Yes, Royal offers Islamic accounts that comply with Sharia law.

1. What documents do I need to open a Royal account？

• Government-issued ID and proof of residence.

1. Can I change my account type after registration？

• Yes, you can upgrade or downgrade your account type by contacting customer support.