Royal Forex foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.royalforex.com/, about the company's legal and temporary regulatory information, the company's address 128-130 Limassol Avenue, 3rd Floor, 2015 Strovolos Nicosia.
Royal Forex Forex Broker
Basic information
Cyprus
5-10 years Suspicious Regulatory License Suspicious Scope of Business Cyprus Straight Through Processing (STP) Revoked High potential riskCompany profile
The official website of royal forex(https://www.royalforex.com/) is unable to access now.
Royal Forex Review SummaryRoyal Forex Information
Established in 2006, Royal Forex LTD is a forex broker with Cyprus based background. By means of its user-friendly trading platforms MetaTrader 4 (MT4) and Royal Forex Trader (RFT), the Cyprus Securities and Exchange Commission (CySEC) controls the company and provides traders access to over 125 instruments including forex, commodities, and CFDs.
Pros and Cons
| Pros | Cons |
| Regulated by CySEC | Customer support not 24/7 |
| No minimum deposit for Standard Account | Official website unavailable |
| Provide 2 trading platforms (MT4, RFT) | |
| 0 commissions for Standard Account |
Is Royal Forex Legit?
| Regulatory Status | Regulated |
| License Type | Straight Through Processing (STP) |
| Regulated By | Cyprus (CySEC) |
| License Number | 269/15 |
| Licensed Institution | Royal Forex Ltd |
| Effective Date | 2015/3/18 |
| License Type | Sharing |
What Can I Trade on Royal Forex?
Royal Forex offers over 125 tradable instruments. These including spot forex, commodities, and CFDs.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| CFDs | ✔ |
| Indices | ❌ |
| Shares | ❌ |
| ETFs | ❌ |
Account Types
Royal Forex offers two account types. Also, itprovides a demo account for practice.
| Account Type | Leverage | Spread | Commission | Min Deposit | Minimum Lot Size | Demo Account |
| Standard Account | Up to 1:500 | Starting from 0.0 pips | None | $0 | 0.1 lot | ✔ |
| Pro Account | Up to 1:500 | Starting from 0.6 pips | $3.50 per 100K trade | $1,000 | 0.01 lot | ✔ |
Royal Forex Fees
With spreads from 0 pip and commission-free trading, Royal Forex presents reasonable fees—especially for Standard Accounts.
| Aspect | Standard Account | Pro Account |
| Spread | From 0.0 pips | From 0.6 pips |
| Commission | None | $3.50 per 100K trade |
Trading Platform
Royal Forex provides Meta Trader 4 and its unique royal forex trader for users.
| Trading Platform | Supported | Available Devices | Suitable For |
| MetaTrader 4 (MT4) | ✔ | Desktop, Mobile, Web | Both beginners and experts |
| Royal Forex Trader (RFT) | ✔ | Desktop, Mobile, Web | Traders seeking faster execution |
Deposit and Withdrawal
Royal Forex does not explicitly mention deposit or withdrawal fees. The minimum deposit is $0 for Standard Accounts and $1,000 for Pro Accounts.
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Bank Transfer | $0–$1,000 | - | 1–5 business days |
| Credit/Debit Card | $0–$1,000 | - | Within minutes |
| E-Wallets | $0–$1,000 | - | Within minutes |
| Online Payment Systems | $0–$1,000 | - | Varies |
Rating Index
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FX1316896855
New Zealand
It's really strange that the company Royal Forex has been established for more than five years and has a regulatory license from CYSEC, but now their website can't be opened. Has this company changed their website address?
Neutral
2023-03-09