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Royal Forex Company was established in 2006, initially operating from Lebanon. The company aimed to provide a comprehensive range of trading services to clients globally, leveraging advanced technology and a commitment to transparency in its operations.
Royal Forex operates as a subsidiary under Royal Forex Ltd, which is registered in Cyprus. The ownership structure is designed to facilitate efficient management and regulatory compliance across various jurisdictions.
The company is headquartered in Limassol, Cyprus, at 128-130 Limassol Avenue, 3rd Floor, 2015 Strovolos, Nicosia. This strategic location in Cyprus allows Royal Forex to connect with both European and Middle Eastern markets effectively.
Royal Forex has expanded its services to cater to a diverse global clientele, focusing primarily on the European and Middle Eastern markets. The firm provides access to various financial instruments, including forex, commodities, and CFDs, through its trading platforms.
Royal Forex is regulated by the Cyprus Securities and Exchange Commission (CySEC). However, it is important to note that its regulatory license has faced scrutiny, with reports of revocation affecting its operational legitimacy.
Royal Forex initially focused on the Middle Eastern market but recognized the potential for growth in Europe. The strategic move to Cyprus allowed the company to tap into new client bases and enhance its service offerings.
Over the years, Royal Forex has grown its customer base by offering competitive trading conditions and a user-friendly platform. The firm has attracted traders from various regions, including Europe and the Middle East.
Royal Forex provides two primary trading platforms: MetaTrader 4 (MT4) and its proprietary Royal Forex Trader (RFT). These platforms have evolved to include advanced trading tools, real-time data, and enhanced security features to meet the needs of both novice and experienced traders.
While specific awards were not highlighted in the available data, Royal Forex has been recognized for its commitment to transparent trading practices and customer service excellence.
Royal Forex offers a diverse range of forex trading options, including over 30 currency pairs. The trading environment is designed to cater to both beginners and experienced traders, with competitive spreads and leverage options.
Currently, Royal Forex does not provide direct stock trading services. The focus remains primarily on forex, commodities, and CFDs.
Royal Forex offers a variety of CFD trading products, allowing clients to trade on price movements without owning the underlying assets. This includes commodities and forex contracts.
In addition to forex and CFDs, Royal Forex provides access to commodities, enhancing its trading offerings. However, there is no mention of cryptocurrency trading in the available data.
Royal Forex distinguishes itself through:
Royal Forex is regulated by:
Royal Forex Ltd operates as a legal entity registered in Cyprus. The company structure is designed to comply with local regulations while serving a global clientele.
Due to the revocation of its regulatory license, specific client fund protection measures are currently unclear. Historically, regulated brokers are expected to maintain segregated accounts for client funds, although the effectiveness of these measures may be questioned given the regulatory issues.
Royal Forex primarily serves clients in Europe and the Middle East. However, the revocation of its license may limit its ability to operate in certain jurisdictions.
Royal Forex's compliance history has been marred by the revocation of its CySEC license, raising concerns about its operational legitimacy and adherence to regulatory standards.
Royal Forex faces competition from several established brokers, including:
Royal Forex positions itself as a competitive player in the forex and CFD trading market, particularly within the Middle Eastern and European regions. However, its reputation may be impacted by regulatory challenges.
Royal Forex differentiates itself through:
Royal Forex Company has established a presence in the forex trading industry since its founding in 2006. Despite its initial success and expansion into the European market, the recent revocation of its regulatory license poses significant challenges for its future operations. Traders considering Royal Forex should carefully evaluate the potential risks associated with its current regulatory status and the implications for their trading activities.
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