Search
Royal Forex broker specializes in providing foreign exchange trading services, the company's official website http://crm.royal-foe..., the company's legitimate regulatory information AustraliaASICInst Market Making (MM), CyprusCYSECForex Execution License (STP) to enhance the security of the company's address

Royal Forex Broker

Unverified
Royal

Rating Index

This rating is sourced from logo
How to login to Royal?

Royal Similar Brokers

Latest Reviews

Pros
Offers a wide range of trading options, including CFDs, forex, cryptocurrencies, and more.
Provides customer support 24/7 via multiple channels such as chat, email, and telephone.
Claims to have a proprietary trading platform with advanced features for traders.
Cons
Unregulated and unlicensed, raising significant concerns about the safety of clients' funds.
High minimum deposit requirement of $250, which is above the industry standard.
Extremely high leverage ratios (up to 1:1000) and spreads that are significantly worse than industry averages, indicating potential risks for traders.

Basic Information

Registered Region
Australia
Operating Period
--
Company Name
Royal Financial Trading Pty Ltd.
Abbreviation
Royal
Company employee
--
Customer Service Email Address
mail@oneroyalfx.com
How to login to Royal?
royal Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a royal Account The royal registration process is straightforward, allowing users to create an account quickly. Follow these detailed steps to register your account: Accessing the Registration Page: Visit the official royal website. Look for the "Sign Up" or "Register" button, typically located in the top right corner of the homepage. Click on it to initiate the registration process. Insert screenshot of registration page here. Filling in Required Information: Complete the registration form by providing necessary details such as your name, email address, phone number, and preferred password. Ensure that the email address you provide is valid, as it will be used for verification and communication. Email/Phone Verification: After submitting your information, you will receive a verification email or SMS. Click on the link in the email or enter the code sent to your phone to verify your account. This step is crucial to ensure the security and authenticity of your registration. Identity Verification (if required): Depending on your region and the type of account you're opening, you may be asked to provide additional identity verification documents, such as a government-issued ID or proof of address. This is a standard procedure to comply with financial regulations. Registration Confirmation: Once your identity is verified, you will receive a confirmation message indicating that your royal registration is complete. You can now proceed to log in to your account. Common Registration Issues and Solutions Issue: Not receiving the verification email. Solution: Check your spam or junk folder. If its not there, ensure that you entered the correct email address and try resending the verification email. Issue: Problems with identity verification. Solution: Ensure that the documents you submit are clear and legible. If issues persist, contact customer support for assistance. Regional Differences in Registration Users from different countries may encounter variations in the registration process, particularly concerning the identity verification requirements. For example, users in heavily regulated regions may need to provide more documentation than those in less regulated areas. Part Two: royal Account Opening Detailed Guide Understanding Registration vs. Account Opening While royal registration refers to creating your account, royal account opening involves setting up your trading capabilities and selecting the type of account you want to use. Preparation Work Before Account Opening Before you can open your account, ensure you have the following: A valid email address and phone number. Identification documents for verification. Understanding of the account types available (e.g., standard, demo, Islamic accounts). Detailed Account Opening Steps Selecting Account Type: Log in to your account after registration. Navigate to the account types section to choose the one that best fits your trading needs. Options may include standard trading accounts, demo accounts for practice, or specialized accounts like Islamic accounts. Submitting Required Documents: Depending on the account type, you may need to upload various documents for verification. This typically includes identification and proof of residence. Account Review Process: After submitting your documents, royal will review them. This process may take up to 24 hours. You will be notified via email once your account is approved. Account Activation: Upon approval, you will receive instructions on how to activate your account. Follow the steps provided in the email to complete the activation process. Initial Setup: Log back into your account and set up your trading preferences. This may include configuring your trading platform, setting up payment methods for deposits and withdrawals, and customizing your account settings. Frequently Asked Questions About Account Opening How long does the account opening process take? Typically, it takes about 1 day for your account to be fully activated after document submission. What if I encounter issues during the account opening? Reach out to customer support through the official website for assistance. Next Steps After Opening an Account Once your account is active, consider exploring the trading platform, reviewing educational resources, and possibly starting with a demo account to practice your trading skills. Part Three: royal Login Process Explained Basic Web Login Process To access your royal account, follow these steps: Visit the Official Website: Navigate to the royal homepage and locate the "Login" button at the top right corner. Enter Your Credentials: Input your registered email address and password in the respective fields. Two-Step Authentication (if enabled): If you have enabled two-step authentication, you will receive a verification code via SMS or email. Enter this code to proceed. Click on the Login Button: After entering your credentials and any required authentication code, click "Login" to access your account. Dashboard Access: Once logged in, you will be directed to your account dashboard, where you can manage your trades and account settings. Mobile App Login Process If you prefer using a mobile device, download the royal app from the App Store or Google Play. The login process is similar: Open the app, enter your credentials, and complete any two-step authentication if set up. Other Login Methods Third-Party Login: If available, you may log in using your Facebook or Google account. This option can simplify the login process but ensure you understand the privacy implications. Common Login Issues and Solutions Forgotten Password: Use the "Forgot Password?" link on the login page to reset your password via email. Account Lockout: If your account is locked due to multiple failed login attempts, follow the instructions provided in the lockout message or contact customer support. Technical Issues: Ensure your browser is up to date or try clearing your cache and cookies. If issues persist, reach out to technical support. Overview of Features After Login Once logged in, you can access trading tools, manage your account settings, view your portfolio, and execute trades. Familiarizing yourself with the dashboard will enhance your trading experience. Additional Sections Account Security Recommendations Use a strong, unique password for your royal account. Enable two-step authentication for an extra layer of security. Regularly monitor your account for unauthorized transactions. Best Practices for Account Management Keep your personal information updated. Regularly review your account statements. Utilize demo accounts to practice trading strategies without risk. How to Get Technical Support For any technical issues, contact royal's customer support via email or their dedicated support chat on the website. Ensure you provide detailed information about your issue for quicker resolution. This comprehensive guide covers the essential steps for royal registration, royal account opening, and the royal login process, ensuring that users can navigate the platform efficiently and securely.

Royal Forex Broker - Complete Information Guide

1. Company Overview

Royal Broker, officially known as Royal Financial Trading (CY) Ltd, was established in 2008. The broker has its headquarters located in Australia, with significant offices in Cyprus and Vanuatu. Royal Broker operates as a privately held entity and is part of the Goldman Global Group, which has been active in the financial services sector since 2005.

Since its inception, Royal Broker has focused on providing a comprehensive trading environment for retail clients, offering services in Forex, CFDs, and various other financial instruments. The broker has developed a reputation for its commitment to security and customer service, catering primarily to a global clientele that includes individual traders and institutional investors.

Over the years, Royal Broker has reached several important milestones, such as obtaining multiple regulatory licenses and expanding its product offerings. The brokers business model primarily revolves around retail Forex trading, but it also provides institutional services, including liquidity solutions and white label offerings.

2. Regulatory and Compliance Information

Royal Broker is regulated by several financial authorities, ensuring a secure trading environment for its clients. The main regulatory bodies overseeing Royal Broker include:

  • Australian Securities and Investments Commission (ASIC) - License No. 420268
  • Cyprus Securities and Exchange Commission (CySEC) - License No. 312/16
  • Vanuatu Financial Services Commission (VFSC) - License No. 700284

These licenses allow Royal Broker to operate legally in their respective jurisdictions, providing a level of investor protection. The broker maintains a commitment to client fund segregation, ensuring that clients' funds are kept in separate accounts from the company's operational funds. This is a critical aspect of safeguarding client investments.

In terms of investor compensation, Royal Broker participates in the compensation schemes provided by CySEC, which covers up to €20,000 for European clients in case of broker insolvency. The broker adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring clients to verify their identities before trading.

3. Trading Products and Services

Royal Broker offers a diverse range of trading products, catering to various trading preferences and strategies. The broker provides access to:

  • Forex: A wide selection of currency pairs, including major, minor, and exotic pairs.
  • CFDs: Contracts for difference on indices, commodities, stocks, and cryptocurrencies.

The broker continually updates its product offerings, adding new instruments based on market demand and trends. Royal Broker also supports retail trading services, enabling individual traders to engage in various market segments. For institutional clients, the broker offers tailored solutions, including liquidity provision and asset management services.

Additionally, Royal Broker provides white label solutions for firms looking to enter the trading market under their own brand, leveraging Royal Broker's infrastructure and technology.

4. Trading Platforms and Technology

Royal Broker supports the MetaTrader 4 (MT4) platform, which is widely recognized for its user-friendly interface and advanced trading capabilities. The broker also offers MetaTrader 5 (MT5), providing traders with additional features and tools for improved trading experiences.

The trading platforms are accessible via web and mobile applications, allowing traders to manage their accounts and execute trades on the go. The broker's mobile app is available for both iOS and Android devices, ensuring that clients can trade from anywhere at any time.

Royal Broker operates on a Market Maker execution model, which allows for competitive spreads and quick trade execution. The broker's servers are located in secure data centers, ensuring high uptime and reliability. Furthermore, Royal Broker supports API access for automated trading, catering to algorithmic traders and those looking to integrate their trading strategies with third-party tools.

5. Account Types and Trading Conditions

Royal Broker offers several account types to accommodate different trading styles and capital levels:

  • Classic Account: Minimum deposit of $50, fixed spreads starting from 0.6 pips, and a commission of $7 per standard lot.
  • Premium Account: Minimum deposit of $3,500, fixed spreads, and a commission of $5 per standard lot.
  • VIP Account: Minimum deposit of $35,000, variable spreads, and a commission of $3.50 per standard lot.

The broker provides a demo account for new traders to practice without risking real funds. Leverage is available up to 1:30 for retail clients, depending on the asset class. The minimum trade size is 0.01 lots, allowing for flexible trading strategies.

Royal Broker also has an overnight fee policy, which applies to positions held overnight, ensuring that traders are aware of any potential costs associated with their trading activities.

6. Fund Management

Royal Broker supports a variety of deposit methods, including:

  • Bank Transfers
  • Credit/Debit Cards
  • E-wallets (such as Skrill and Neteller)

The minimum deposit requirement varies by account type, starting at $50 for the Classic account. Deposits are typically processed within 1-3 business days, depending on the method used.

Withdrawal options include bank transfers, credit/debit cards, and e-wallets. The processing time for withdrawals is usually 1-5 business days, and the broker may charge fees depending on the withdrawal method.

Royal Broker clearly outlines its fee structure, ensuring that clients are aware of any costs associated with deposits and withdrawals.

7. Customer Support and Educational Resources

Royal Broker provides robust customer support through various channels, including:

  • Email
  • Phone
  • Live Chat
  • Social Media

The support team operates during business hours, covering multiple time zones to assist clients globally. The broker offers support in several languages, including English, Arabic, Spanish, Chinese, Indonesian, Polish, and Portuguese.

In addition to customer support, Royal Broker provides educational resources to help clients improve their trading skills. These resources include webinars, tutorials, and e-books covering various trading topics. Market analysis services, such as daily market updates and research reports, are also available to keep traders informed about market conditions.

8. Regional Coverage and Restrictions

Royal Broker primarily serves clients from various regions, including Australia, Europe, and parts of Asia. The broker has established offices in key locations to facilitate operations and customer support.

However, there are certain countries from which Royal Broker does not accept clients, including the United States, Canada, Iran, and North Korea. These restrictions are in place due to regulatory compliance and legal considerations.

In summary, Royal Broker positions itself as a reliable and well-regulated broker catering to a diverse clientele. With a focus on security, customer service, and a wide range of trading products, Royal Broker continues to evolve in the competitive Forex market.

Latest Reviews

FX3771580176

FX3771580176

South Africa

I join Royal traders this year January when I found them on Facebook then I started trading with them I deposit money on their account wich turns then they trade and we see profit they told me if I put money I'll get more profit I did so until I claim then they told me to put more money to release my money. My claims are in pending till now. So I was scammed can you please make means so that I can get my money back.

Exposure

2021-08-27

A42620

A42620

Italy

This hateful Royal harassed me and my friends by calling us all the time, and we are annoyed and want to know where we can report this broker! I wish they go to hell!

37130

2023-02-23

Royal Forex Broker has an overall rating of 1.55, Regulatory Index 0.00, License Index 0.00, Business Index 7.27, Software Index 4.00 Risk Control Index 0.00.