Royal Capital Pro broker Accounts

royal capital pro Account Types Overview

royal capital pro Account Types Explained

Royal Capital Pro offers a variety of account types tailored to meet the needs of different traders, from beginners to advanced professionals. Below is a detailed overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $350
• Spread/Commission Structure: From 0.0 pips
• Leverage Options: Up to 1:30 for retail clients; 1:500 for professional clients
• Key Features: Access to a wide range of trading instruments, including forex, commodities, and cryptocurrencies.
• Target User Profile: Beginners to intermediate traders.
• Trading Instruments Available: Forex, Commodities, Indices, Stocks, Crypto.

2. ECN Account

• Minimum Deposit Requirement: $5,000
• Spread/Commission Structure: Variable spreads with a commission fee.
• Leverage Options: Up to 1:500 for professional clients.
• Key Features: Direct market access, lower spreads, and faster execution.
• Target User Profile: Advanced traders and professionals.
• Trading Instruments Available: Forex, Commodities, Indices.

3. VIP Account

• Minimum Deposit Requirement: $100,000
• Spread/Commission Structure: Customized spreads and commissions.
• Leverage Options: Up to 1:500 for professional clients.
• Key Features: Personalized account management, premium trading conditions, and exclusive market insights.
• Target User Profile: High-net-worth individuals and institutional traders.
• Trading Instruments Available: Forex, Commodities, Indices, Stocks.

4. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Simulated trading conditions.
• Leverage Options: Same as live accounts.
• Key Features: Practice trading strategies without financial risk.
• Target User Profile: Beginners and traders looking to test strategies.
• Trading Instruments Available: Same as live accounts.

Recommended Account Types by Trader Level

• Beginners: Standard Account, Demo Account
• Intermediate: Standard Account, ECN Account
• Advanced: ECN Account, VIP Account
• Institutional: VIP Account

royal capital pro Account Features Comparison

Detailed royal capital pro Account Features

The following table compares the features across different account types offered by Royal Capital Pro:

Advantages of Each Account Type

• Standard Account:
• Low minimum deposit
• Access to a wide range of instruments
• Suitable for beginners
• ECN Account:
• Lower spreads and faster execution
• Direct market access
• Ideal for high-frequency trading
• VIP Account:
• Personalized service and insights
• Tailored trading conditions
• High leverage options
• Demo Account:
• Risk-free trading environment
• Ideal for testing strategies
• Access to all trading instruments

Disadvantages of Each Account Type

• Standard Account:
• Limited features compared to higher-tier accounts
• Higher spreads than ECN accounts
• ECN Account:
• Higher minimum deposit requirement
• Commission fees can add to trading costs
• VIP Account:
• Very high minimum deposit requirement
• Not suitable for casual traders
• Demo Account:
• No real money trading experience
• Limited to virtual funds

royal capital pro Account Opening Requirements

royal capital pro Account Registration Requirements

To open an account with Royal Capital Pro, the following eligibility criteria must be met:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Services primarily available to clients in regions where Royal Capital Pro is licensed.
• Prohibited Countries: Specific countries may be restricted; it is advisable to check the broker's website for the latest information.
• Identity Verification Documents Needed:
• Government-issued ID (passport or driver's license)
• Proof of residence (utility bill or bank statement)
• Proof of Residence Requirements: Must be a recent document showing the client's name and address.
• Additional Documentation for Professional Accounts: May include financial statements or proof of trading experience.

KYC/AML Compliance Procedures

Royal Capital Pro adheres to strict KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations, requiring clients to verify their identity and source of funds.

Verification Time Frames

The verification process typically takes 1-3 business days, depending on the completeness of the submitted documentation.

royal capital pro Account Opening Process

Step-by-Step royal capital pro Account Opening Guide

1. Visit Website and Click Registration: Go to the official Royal Capital Pro website and select the "Sign Up" option.
2. Personal Information Entry: Fill in personal details such as full name, email address, and phone number.
3. Choose Account Type: Select the desired account type (Standard, ECN, VIP, or Demo).
4. Set Trading Preferences: Indicate trading preferences and risk tolerance.
5. Document Upload: Upload required identity verification documents.
6. Account Verification: Wait for the broker to verify the submitted documents.
7. Fund Your Account: Once verified, deposit the minimum required amount to start trading.
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, although the mobile version may have a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Document upload failures.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Account verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

Typically, account approval takes 1-3 business days, depending on the completeness of the submitted documentation.

How to Upgrade/Downgrade Account Types

Clients can request an upgrade or downgrade by contacting customer support, who will guide them through the necessary steps.

royal capital pro Demo Account Information

royal capital pro Demo Account Guide

Demo Account Features and Benefits

• Allows traders to practice without financial risk.
• Access to the same trading platform and instruments as live accounts.
• Ideal for testing strategies and familiarizing oneself with the trading environment.

How to Open a Demo Account

To open a demo account, follow the same registration process as for a live account, selecting the demo option.

Demo Account Limitations

• Virtual funds are provided, which do not represent real money.
• Limited duration for usage, typically 30 days.

Virtual Balance Amount

The demo account typically comes with a virtual balance of $10,000 or more, depending on the broker's offering.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits.
• Live accounts may incur trading fees, while demo accounts do not.

Duration/Expiry of Demo Accounts

Demo accounts generally expire after 30 days of inactivity, but this can vary based on the broker's policies.

royal capital pro Islamic Account Details

royal capital pro Islamic Account Details

• Swap-Free/Islamic Account Availability: Yes, Royal Capital Pro offers Islamic accounts that comply with Sharia law.
• Eligibility Requirements: Clients must request an Islamic account during the registration process and provide necessary documentation.
• Differences from Standard Accounts: Islamic accounts do not incur swap fees, aligning with Islamic finance principles.
• How to Apply for Islamic Account: Clients can apply by selecting the Islamic account option during the registration process or by contacting customer support.
• Restrictions or Special Conditions: Islamic accounts may have specific trading conditions, such as limits on certain trading strategies.

FAQs – royal capital pro Account Types & Opening

1. What account types does royal capital pro offer？

• Royal Capital Pro offers Standard, ECN, VIP, and Demo accounts.

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

• Standard Account: $350, ECN Account: $5,000, VIP Account: $100,000, Demo Account: N/A.

1. How long does royal capital pro account verification take？

• The verification process typically takes 1-3 business days.

1. Does royal capital pro offer demo accounts？

• Yes, Royal Capital Pro offers demo accounts for practice trading.

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

• Yes, clients can hold multiple account types.

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

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

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

• Required documents include a government-issued ID and proof of residence.

1. Can I change my account type after registration？

• Yes, clients can request to upgrade or downgrade their account type through customer support.