Royal Tungsten Forex Broker

Basic Information Registered Countries Australia Regulation No License Company Name Royal Tungsten Limited Minimum Deposit N/A Maximum Leverage 1:500 Minimum Spread From 0.0 pips Trading Platform MT5 Trading Assets Forex, Commodities, Indices, Metals, Energies, CFD Stocks, ETF, Cryptocurrencies, Bonds Payment Methods N/A Customer Support Email Phone, Online Chat Support General Information Royal Tungsten is a forex broker registered in Australia, providing access to a massive financial market, such as Forex, Commodities, Indices, Metals, Energies, CFD Stocks, ETF, and more. With the Royal Tungsten platform, three trading accounts are available, with the lowest required opening deposit being just $1, and traders can employ a maximum leverage of 1:500 on their positions. However, when it comes to regulatory information, Royal Tungsten disappoints us as it is not authorized or regulated by any regulatory authority. Thats why WikiFX gives it a relatively low score of 1.11/10. Market Instruments Royal Tungsten provide access to a wide selection of trading assets, including Forex, Commodities, Indices, Metals, Energies, CFD Stocks, ETF, Cryptocurrencies, Bonds, all available through this brokerage platform. Spreads & Commissions Royal Tungsten says it offers spreads from 0.0 pips, with low commissions charged. Leverage Royal Tungsten does not elaborate the minimum leverage. Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10. Trading Platform The MT5 trading platform, widely regarded as the best in the business, is available through Royal Tungsten, which can be accessed on Windows, MacOS, IOS, Android. Payment Methods The minimum deposit to get started with Royal Tungsten is $100 and deposits and withdrawals can be made through several payment options, including VISA, MASTERCARD, Neteller, Skrill, Wire Transfer, USDT. Royal Tungsten promises that no fees or commission charged by them, and it takes only 1-3 hours to approve the withdrawal request, up to one hour to transfer the funds. Educational Resources Some educational resources are provided, including Economic Calendar, Forex News and Holiday Calendar. Customer Support Disappointingly, either phone support or online chat is provided. Clients who have any inquiries or trading-related issues can only get in touch with this broker through the following contact channels: Email: cs@royaltgs.com Company Address: 118, Russell St Melbourne, VIC 3000, Australia Opening Hours: Monday-Friday 8:30 am to 5:00 pm, Saturday: 9:30 am to 1:00 pm. Risk Warning Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience. The information presented in this article is intended solely for reference purposes. Pros & Cons Pros Cons MT5 trading platform No regulation Online support available Limited trading assets High leverage up to 1:500 No clear information on minimum deposit, deposit or withdrawal Educational Contents No online chat support Frequently Asked Questions Is Royal Tungsten regulated？ No, Royal Tungsten is not regulated. What is the maximum leverage provided by Royal Tungsten？ The maximum trading leverage provided by Royal Tungsten is not disclosed. What trading instruments does Royal Tungsten provide？ Royal Tungsten offers a wide selection of trading instruments, including Forex, Commodities, Indices, Metals, Energies, CFD Stocks, ETF, Cryptocurrencies, Bonds.