ROYAL CAPITAL broker Accounts

royal capital Account Types Overview

royal capital Account Types Explained

Royal Capital offers a variety of account types designed to cater to different trading needs and experience levels. Below is a detailed overview of each account type available:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: User-friendly interface, access to educational resources, and basic trading tools.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, and indices.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Spreads from 0.1 pips; commission of $5 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, and faster execution.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads from 0.0 pips; commission of $3 per lot.
• Leverage Options: Up to 1:100.
• Key Features: Advanced trading tools, priority support, and enhanced trading conditions.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account; no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Compliant with Sharia law, no interest fees.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Forex, commodities, and indices.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Same as Standard Account.
• Key Features: Risk-free trading environment, access to all trading tools.
• Target User Profile: Beginners wanting to practice trading without risk.
• Trading Instruments Available: Forex, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

royal capital Account Features Comparison

Detailed royal capital Account Features

When choosing a royal capital account, it's essential to compare the 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: From 1.0 pips

• ECN: From 0.1 pips

• Pro: From 0.0 pips

• Islamic: From 1.0 pips

• Demo: Same as Standard Account

• Commission Fees:

• Standard: None

• ECN: $5/lot

• Pro: $3/lot

• Islamic: None

• Demo: None

• Lot Size:

• Standard: 1 lot

• ECN: 0.01 to 1 lot

• Pro: 0.01 to 1 lot

• Islamic: 1 lot

• Demo: 0.01 to 1 lot

• Available Trading Platforms:

• Standard: MT4

• ECN: MT4

• Pro: MT4

• Islamic: MT4

• Demo: MT4

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: ECN

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: No

• Swap-Free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: No

• Demo Account Features:

• Virtual balance of $10,000.

• Access to all trading instruments.

• Unlimited duration.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• User-friendly.

• Access to educational resources.

• ECN Account:

• Lower spreads.

• Faster execution.

• Direct market access.

• Pro Account:

• Best trading conditions.

• Priority support.

• Advanced trading tools.

• Islamic Account:

• Sharia-compliant.

• No swap fees.

• Same features as Standard Account.

• Demo Account:

• Risk-free environment.

• Practice trading strategies.

• Access to all tools.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN and Pro accounts.

• ECN Account:

• Higher minimum deposit required.

• Commission fees apply.

• Pro Account:

• Higher minimum deposit.

• Commission fees apply.

• Islamic Account:

• Limited to Muslim traders.

• Demo Account:

• No real money involved.

• Limited to practice only.

royal capital Account Opening Requirements

royal capital Account Registration Requirements

To open a royal capital account, the following eligibility criteria and documentation are required:

• Eligibility Criteria:

• Age Requirements: Must be at least 18 years old.

• Geographic Restrictions: Services may not be available in certain countries.

• Prohibited Countries: Specific countries may be restricted; check the broker's website for details.

• Identity Verification Documents Needed:

• Government-issued ID (passport or national ID).

• Recent utility bill or bank statement for proof of residence.

• Proof of Residence Requirements:

• Must provide documents showing your current address.

• Additional Documentation for Professional Accounts:

• May require proof of trading experience or financial status.

• KYC/AML Compliance Procedures:

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

• Verification Time Frames:

• Account verification typically takes 1-3 business days.

royal capital Account Opening Process

Step-by-Step royal capital Account Opening Guide

To open a royal capital account, follow these steps:

1. Visit Website and Click Registration: Go to the royal capital website and find the registration button.
2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
3. Choose Account Type: Select the account type that suits your trading needs.
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload the required identification and proof of residence documents.
6. Account Verification: Wait for the verification process to be completed.
7. Fund Your Account: Deposit the required minimum amount to activate your account.
8. Start Trading: Once your account is verified and funded, you can start trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but the mobile interface may have fewer options displayed.

Common Registration Issues and Solutions

• Issue: Document not accepted.

• Solution: Ensure documents are clear and meet the required specifications.

• Issue: Verification delays.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• The average time for account approval is between 1 to 3 business days.

How to Upgrade/Downgrade Account Types

• To change account types, contact customer support or use the account management section on the website.

royal capital Demo Account Information

royal capital Demo Account Guide

• Demo Account Features and Benefits:

• Allows traders to practice without financial risk.

• Access to all trading tools and instruments.

• How to Open a Demo Account:

• Follow the same registration process but select the demo account option.

• Demo Account Limitations:

• Limited to virtual funds; cannot withdraw or transfer funds.

• Virtual Balance Amount:

• Typically set at $10,000 for practice.

• Demo vs Live Account Differences:

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

• Duration/Expiry of Demo Accounts:

• Demo accounts do not expire unless specified by the broker.

royal capital Islamic Account Details

royal capital Islamic Account Details

• Swap-Free/Islamic Account Availability:

• Islamic accounts are available for all account types (Standard, ECN, Pro).

• Eligibility Requirements:

• Must be a Muslim trader seeking Sharia-compliant trading options.

• Differences from Standard Accounts:

• No swap fees applied; otherwise, features are similar.

• How to Apply for Islamic Account:

• Select the Islamic account option during the registration process.

• Restrictions or Special Conditions:

• Must comply with Islamic finance principles.

FAQs – royal capital Account Types & Opening

1. What account types does royal capital offer？

• Royal Capital 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 capital account verification take？

• Verification typically takes 1-3 business days.

1. Does royal capital offer demo accounts？

• Yes, royal capital offers demo accounts for practice.

1. Can I have multiple account types with royal capital？

• Yes, clients can open multiple account types.

1. Does royal capital offer Islamic/swap-free accounts？

• Yes, royal capital offers Islamic accounts that are swap-free.

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

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

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