FinsRoyal Forex Broker

General Information FinsRoyal says it is a fully automated trading platform offering its clients diversified range of trading instruments, such as currency pairs, indices, metals, energies and more Anten Group says it offers clients access more than 60 forex pairs, competitive spreads. Please note that FinsRoyal is verified to be not subject to any regulation and it got a low score of 1.11 (with the full mark up to 10 points). Although this alone does not mean that this broker is a 100% scam, investors are advised to be aware of the risk involved. Market Instruments FinsRoyal says it offers clients more than 200 assets to trade, which include currency pairs, indices, metals, energies, futures, and shares. Account Types A total of five live trading accounts is available with the FinsRoyal platform: Beginner, Trader, Expert, VIP and Exclusive. These five trading accounts are actually categorized by the minimum initial deposit requirement. To begin trading with FinsRoyal, you need to fund a large amount of capital. For instance, Beginner account, the most basic one, ask for an absurdly high initial deposit of €5,000, which indicate that this broker is probably a scam. FinsRoyal hypes that dedicated account manager and 5 x24 full support are available with these five accounts. Islamic accounts are also available with this brokerage platform. Leverage Trading leverage differs depending on trading accounts, ranging from 1:10 to 1:50. Leverage may increase your profit, but it can also cause to serious trading leverage, especially to inexperienced traders. It is important for forex traders to select the level of leverage that they feel most at ease with. Low leverage like 5:1 or 10:1 may be more acceptable if you're more conservative and don't enjoy taking numerous chances or are still learning how to trade currencies. Spreads & Commissions FinsRoyal only says it offers competitive spreads, but does not specify spreads offered on particular instrument. Clients are advised to use its demo account on the trading platform to have a test. Trading Platform FinsRoyal gives it clients multiple trading platform choices, including a WebTrader, a Proprietary trading platform for mobile and desktop. Deposit & Withdrawal When it comes to payment methods, FinsRoyal only allows its clients to make a deposit and withdrawal through VISA, MasterCard and Bank/Wire Transfer. Funds deposited via Wire/Bank Transfer can take up to 5 business days to appear in your trading account. Customer Support FinsRoyal says it offers 5 x24 customer support and they can be contacted through the following channels: Phone: +442086292294 Email: support@fins-royal.com Risk Warning Trading derivatives and leveraged products carries a high level of risk, including the risk of losing substantially more than your initial investment. It is not suitable for everyone. Please note that the information contained in this article is for general information purposes only.