Royal Account Type

Royal offers several account types designed to suit various trading strategies and investor needs. The main account categories include:

• Individual Accounts: Suitable for single traders.
• Joint Accounts: Designed for multiple individuals, often used by couples or business partners.
• Corporate Accounts: For businesses looking to trade.

Within these categories, Royal provides two primary account types based on fee structure:

• Zero Account:

• Minimum Deposit: $50

• Spread: As low as 1.4 pips (Classic) and 0.4 pips (VIP)

• Commission: $0 per lot per trade (Classic) and $0 per lot per trade (VIP)

• ECN Account:

• Minimum Deposit: $50

• Spread: 0.0 pips (Classic and VIP)

• Commission: $7 per lot per trade (Classic) and $3.5 per lot per trade (VIP)

The maximum leverage for professional clients is 1:1000, while for retail clients, it is 1:30. Royal supports multiple base currencies, including AUD, USD, EUR, and more.

Royal Broker Account Opening Process

Opening an account with Royal is a straightforward and fully digital process. Heres a step-by-step guide:

• Visit the Royal Website: Go to the official Royal website.
• Select Account Type: Choose the type of account you wish to open (Individual, Joint, or Corporate).
• Fill Out Application: Provide your personal information, including name, email, mobile number, and country of residence.
• Upload Documents: Prepare to upload documents for verification, such as a passport or national ID, and proof of residency (utility bill or bank statement).
• Account Verification: Wait for the account to be verified, which typically takes around 1 day.
• Make Your First Deposit: Once verified, you can fund your account with a minimum deposit of $50.

Royal also offers a demo account for practice, allowing users to familiarize themselves with the trading platform without financial risk.