Royal Trade broker Accounts

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

royal trade Account Types Explained

Royal Trade offers a variety of account types tailored to meet the diverse needs of traders, whether they are beginners or experienced professionals. Below is an overview of the available account types, their features, and the target user profiles.

Account Types Overview

Recommended Account Types by Trader Level

• Beginners: Classic Account
• Intermediate Traders: ECN Account
• Advanced Traders: Pro Account
• Muslim Traders: Islamic Account
• Practicing Traders: Demo Account

Detailed royal trade Account Features

Comparison of Features Across Different Account Types

• Minimum Deposit:

• Classic Account: $50

• ECN Account: $50

• Pro Account: $5,000

• Islamic Account: $50

• Demo Account: Free

• Maximum Leverage:

• Classic Account: Up to 1:500

• ECN Account: Up to 1:1000

• Pro Account: Up to 1:1000

• Islamic Account: Up to 1:500

• Demo Account: N/A

• Spreads (Typical/Minimum):

• Classic Account: From 1.0 pips

• ECN Account: From 0.0 pips

• Pro Account: From 0.1 pips

• Islamic Account: From 1.0 pips

• Demo Account: N/A

• Commission Fees:

• Classic Account: None

• ECN Account: $3.50 per lot

• Pro Account: $1.75 per lot

• Islamic Account: None

• Demo Account: N/A

• Lot Size:

• Classic Account: Micro (0.01)

• ECN Account: Micro (0.01)

• Pro Account: Micro (0.01)

• Islamic Account: Micro (0.01)

• Demo Account: Micro (0.01)

• Available Trading Platforms:

• Classic Account: MT4

• ECN Account: MT4, MT5

• Pro Account: MT4, MT5

• Islamic Account: MT4, MT5

• Demo Account: MT4, MT5

• Execution Type:

• Classic Account: Market

• ECN Account: ECN

• Pro Account: STP

• Islamic Account: Market

• Demo Account: Market

• Islamic Account Availability:

• Yes, available for Classic and Islamic accounts.

• Swap-Free Options:

• Available for Islamic accounts.

• Demo Account Features:

• Virtual trading environment with no risk.

Advantages and Disadvantages of Each Account Type

Classic Account

• Advantages:
• No commission fees.
• Low minimum deposit.
• User-friendly for beginners.
• Disadvantages:
• Higher spreads compared to ECN accounts.
• Limited advanced features.

ECN Account

• Advantages:
• Raw spreads and low latency.
• Direct market access.
• Suitable for high-frequency trading.
• Disadvantages:
• Commission fees apply.
• Requires more trading knowledge.

Pro Account

• Advantages:
• Professional trading conditions.
• Low commission fees.
• Access to advanced trading tools.
• Disadvantages:
• Higher minimum deposit.
• Not suitable for beginners.

Islamic Account

• Advantages:
• Compliant with Sharia law.
• No swap fees.
• Suitable for Muslim traders.
• Disadvantages:
• Limited features compared to other accounts.

Demo Account

• Advantages:
• Risk-free environment for practice.
• Access to all trading instruments.
• Disadvantages:
• No real money involved.
• Limited to virtual funds.

royal trade Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries; specific restrictions may apply.
• Prohibited Countries: Countries under sanctions or restrictions by financial authorities.
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID).
• Proof of residence (utility bill or bank statement).
• Additional Documentation for Professional Accounts: Financial statements may be required.

KYC/AML Compliance Procedures

• Royal Trade adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all traders to verify their identity and residence.

Verification Time Frames

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

Step-by-Step royal trade Account Opening Guide

Detailed Registration Process

1. Visit Website: Go to the Royal Trade website.
2. Click Registration: Click on the “Sign Up” button.
3. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
4. Choose Account Type: Select the account type that suits your trading needs.
5. Set Trading Preferences: Specify your trading preferences, such as leverage and trading instruments.
6. Document Upload: Upload the necessary identity verification documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds into your trading account.
9. Start Trading: Access your account and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with minor differences in layout and navigation.

Common Registration Issues and Solutions

• Issue: Document upload failure.
• Solution: Ensure documents are clear and in the required format.
• Issue: Email verification not received.
• Solution: Check spam/junk folders or request a new verification email.

Average Account Approval Time

• Most accounts are approved within 1-3 business days, depending on the completeness of documentation.

How to Upgrade/Downgrade Account Types

• Traders can request an upgrade or downgrade through their account dashboard, subject to the new account type's requirements.

royal trade Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading instruments and platforms without financial risk.
• Benefits: Ideal for practicing trading strategies and familiarizing oneself with the trading platform.

How to Open a Demo Account

• Visit the Royal Trade website, click on “Open Demo Account,” and follow the registration process.

Demo Account Limitations

• Limited to virtual funds and may have an expiration date.

Virtual Balance Amount

• Typically, demo accounts come with a virtual balance of $10,000 or more.

Demo vs Live Account Differences

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

Duration/Expiry of Demo Accounts

• Demo accounts usually remain active for a limited time, often 30 days, after which they may expire unless extended.

royal trade Islamic Account Details

Swap-Free/Islamic Account Availability

• Royal Trade offers Islamic accounts that comply with Sharia law, ensuring no swap fees.

Eligibility Requirements

• Traders must declare their need for an Islamic account during registration.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees and may have different trading conditions.

How to Apply for Islamic Account

• Select the Islamic account option during the account registration process.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions, such as limits on certain trading strategies.

FAQs – royal trade Account Types & Opening

1. What account types does royal trade offer？

• Royal Trade offers Classic, ECN, Pro, Islamic, and Demo accounts.

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

• Classic Account: $50, ECN Account: $50, Pro Account: $5,000, Islamic Account: $50, Demo Account: Free.

1. How long does royal trade account verification take？

• Verification typically takes 1-3 business days.

1. Does royal trade offer demo accounts？

• Yes, Royal Trade offers demo accounts for practice trading.

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

• Yes, traders can open multiple account types as needed.

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

• Yes, Islamic accounts are available for traders who require them.

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

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

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through your account dashboard.