Royal Broker Forex Broker keeps up-to-date with the latest trading account information, including Bitcoin Based, ECN +, Standard, VIP + maximum leverage of 1 : 500, trading varieties, and more
Rating Index
Pros
Regulated by the International Financial Services Commission of Belize and the British Virgin Islands Financial Services Commission, providing some level of oversight.
Offers a proprietary trading platform, Digit Rader, with advanced features such as fast trade execution and multi-screen support.
Provides customer support 24/7, which can be beneficial for traders needing assistance at any time.
Cons
Multiple reviews indicate concerns about the legitimacy of the broker, with claims of being unregulated and potentially operating as a scam.
High leverage options (up to 1:1000) may attract inexperienced traders to take excessive risks, leading to significant losses.
Limited payment methods, primarily accepting cryptocurrencies, which can complicate fund recovery in case of disputes.
Royal Broker broker Accounts
Bitcoin Based
ECN +
Standard
VIP +
Royal Broker Account Types
Royal offers various account types to cater to different trading needs. The available account types include:
- Classic Account
- Minimum Deposit: $50
- Spread: From 1.4 pips
- Features: Market updates, access to contests on social networks.
- Premium Account
- Minimum Deposit: $10,000
- Spread: From 1 pip
- Features: Dedicated account executive, market updates, full suite of trading tools, access to social media contests.
- VIP Account
- Minimum Deposit: $50,000
- Spread: From 0.6 pips
- Features: Dedicated account executive, market updates, full suite of trading tools, access to social media contests.
- Visit the Website: Go to [one royal.com](https://one royal.com).
- Choose Account Type: Select the type of account you wish to open (Classic, Premium, VIP, or Islamic).
- Fill Out the Application: Provide personal information such as your name, email address, contact number, desired deposit amount, and currency.
- Submit Documentation: You may be required to submit identification and proof of address.
- Account Approval: The approval process usually takes about 1 day.
- Deposit Funds: After approval, make your initial deposit (minimum $50).
- Access Trading Platform: Once funded, you can download the trading platform (MT4 or MT5) and start trading.
Additionally, Royal provides Islamic Accounts (swap-free accounts) which comply with Sharia law. These accounts typically feature wider spreads and may include additional costs.
Royal Broker Account Opening Process
Opening an account with Royal is a straightforward process, which generally involves the following steps:
For more details on the account types and the opening process, you can refer to the official website or customer support.
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