Royalfx broker Accounts

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

Part 1: royalfx Account Types Overview

royalfx Account Types Explained

Royal Fx offers a variety of trading accounts tailored to meet the needs of different traders. Below are the primary account types available:

1. Standard Account

• Minimum Deposit: $100
• Spread/Commission Structure: Spreads from 1.0 pips, no commission
• Leverage Options: Up to 1:400
• Key Features: Ideal for beginners, user-friendly platform
• Target User Profile: Beginners and casual traders
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit: $500
• Spread/Commission Structure: Spreads from 0.0 pips, commission of $7 per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, suitable for high-frequency trading
• Target User Profile: Experienced traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

1. Pro Account

• Minimum Deposit: $5,000
• Spread/Commission Structure: Spreads from 0.1 pips, commission of $3.50 per lot
• Leverage Options: Up to 1:1000
• Key Features: Professional trading conditions, advanced tools
• Target User Profile: Professional traders and institutions
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

1. Islamic Account

• Minimum Deposit: $100
• Spread/Commission Structure: Similar to Standard Account, no swap fees
• Leverage Options: Up to 1:400
• Key Features: Complies with Sharia law, swap-free
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

1. Demo Account

• Minimum Deposit: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Up to 1:400
• Key Features: Practice trading without risk, access to all trading tools
• Target User Profile: Beginners wanting to practice
• Trading Instruments Available: Forex, commodities, indices

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: royalfx Account Features Comparison

Detailed royalfx Account Features

Feature Comparison

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $5,000

• Islamic: $100

• Demo: N/A

• Maximum Leverage:

• Standard: 1:400

• ECN: 1:200

• Pro: 1:1000

• Islamic: 1:400

• Demo: 1:400

• Spreads:

• Standard: 1.0 pips

• ECN: 0.0 pips

• Pro: 0.1 pips

• Islamic: 1.0 pips

• Demo: 1.0 pips

• Commission Fees:

• Standard: $0

• ECN: $7 per lot

• Pro: $3.50 per lot

• Islamic: $0

• Demo: $0

• Lot Size:

• Standard: Micro (0.01)

• ECN: Micro (0.01)

• Pro: Micro (0.01)

• Islamic: Micro (0.01)

• Demo: Micro (0.01)

• Available Trading Platforms:

• All accounts: MT4 and MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Yes for Islamic Account

• Swap-Free Options:

• Yes for Islamic Account

• Demo Account Features:

• Virtual funds for practice, access to all trading tools

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly interface

• Suitable for beginners

• ECN Account:

• Tight spreads

• Direct market access

• Ideal for scalping

• Pro Account:

• Professional trading conditions

• Advanced trading tools

• High leverage options

• Islamic Account:

• Complies with Sharia law

• No swap fees

• Suitable for Muslim traders

• Demo Account:

• Risk-free trading

• Practice with virtual funds

• Familiarize with trading platforms

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees apply

• Pro Account:

• Very high minimum deposit

• May not be suitable for casual traders

• Islamic Account:

• Limited to specific trading conditions

• May have fewer features than standard accounts

• Demo Account:

• Limited duration

• No real money trading experience

Part 3: royalfx Account Opening Requirements

royalfx Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries; check specific regulations.
• Prohibited Countries: Countries under sanctions or restrictions may be prohibited from opening accounts.

Identity Verification Documents Needed

• Proof of Identity: Government-issued ID (passport or national ID card).
• Proof of Residence: Utility bill or bank statement dated within the last three months.

Additional Documentation for Professional Accounts

• Financial statements or proof of trading experience may be required.

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, depending on the completeness of submitted documents.

Part 4: royalfx Account Opening Process

Step-by-Step royalfx Account Opening Guide

1. Visit Website and Click Registration: Go to the official Royal Fx website and click on the registration button.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type (Standard, ECN, Pro, Islamic, or Demo).
4. Set Trading Preferences: Specify trading preferences, including leverage and trading instruments.
5. Document Upload: Upload required identity and residence verification documents.
6. Account Verification: Wait for the account to be verified by the Royal Fx team.
7. Fund Your Account: Deposit the minimum required amount to start trading.
8. Start Trading: Once funded, access your trading account and begin 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.

Common Registration Issues and Solutions

• Issue: Not receiving verification email.
• Solution: Check spam/junk folders; contact customer support if not received.
• Issue: Document upload failures.
• Solution: Ensure documents are clear and in the correct format.

Average Account Approval Time

• Typically, account approval takes 1-3 business days, depending on the verification process.

How to Upgrade/Downgrade Account Types

• Contact customer support for assistance in changing account types after registration.

Part 5: royalfx Demo Account Information

royalfx Demo Account Guide

Demo Account Features and Benefits

• Practice trading without financial risk.
• Access to all trading tools and features available in live accounts.

How to Open a Demo Account

• Follow the same registration process as for a live account, selecting the Demo Account option.

Demo Account Limitations

• Limited duration, typically 30 days or until a specified virtual balance is reached.

Virtual Balance Amount

• Usually starts with a virtual balance of $10,000.

Demo vs Live Account Differences

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

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days of inactivity or once the virtual balance is depleted.

Part 6: royalfx Islamic Account (if available)

royalfx Islamic Account Details

Swap-Free/Islamic Account Availability

• Yes, Royal Fx offers an Islamic account that complies with Sharia law.

Eligibility Requirements

• Must be a Muslim trader seeking a swap-free trading environment.

Differences from Standard Accounts

• No swap fees are charged on overnight positions.

How to Apply for Islamic Account

• Select the Islamic Account option during the registration process or contact customer support for assistance.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions; consult the broker for details.

FAQs – royalfx Account Types & Opening

1. What account types does royalfx offer？

• Standard, ECN, Pro, Islamic, and Demo accounts.

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

• Standard: $100, ECN: $500, Pro: $5,000, Islamic: $100, Demo: N/A.

1. How long does royalfx account verification take？

• Typically 1-3 business days.

1. Does royalfx offer demo accounts？

• Yes, a demo account is available for practice trading.

1. Can I have multiple account types with royalfx？

• Yes, you can open multiple accounts with different types.

1. Does royalfx offer Islamic/swap-free accounts？

• Yes, an Islamic account is available.

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

• Proof of identity and proof of residence.

1. Can I change my account type after registration？

• Yes, but you need to contact customer support for assistance.