THE REGAL Forex Broker

The Regal Forex Broker - Complete Information Guide

1. Broker Overview

The Regal, also known as Regal Core Markets, was established in 2017 and is registered in Vanuatu. The company operates as a private entity, primarily catering to retail forex traders. Since its inception, The Regal has aimed to provide trading solutions to a diverse clientele, including individual traders and institutional investors.

The broker's development has been marked by several milestones, including the launch of its trading platform and the introduction of various trading products. However, it has faced scrutiny regarding its regulatory status, which has impacted its reputation in the forex market.

The Regal operates under the umbrella of its parent company, Regal Core Markets, which has expanded its services to include a range of financial instruments. The business model focuses on retail forex trading, allowing clients to engage in foreign exchange transactions with competitive spreads and leverage options.

2. Regulatory and Compliance Information

The Regal is currently unregulated, having lost its license from the Vanuatu Financial Services Commission (VFSC). The broker's previous license number was 15022, but it is no longer valid, raising concerns about the safety of clients' funds. The absence of regulatory oversight means that investor funds are at risk and not protected by any legal framework.

The Regal has not provided any information regarding the segregation of client funds, and it does not participate in any investor compensation schemes. Furthermore, the broker's compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations has been questioned, as there are no clear disclosures available on its website.

Investors should be cautious when considering The Regal for trading, given the lack of regulatory oversight and the potential risks involved.

3. Trading Products and Services

The Regal offers a limited selection of trading products, primarily focusing on foreign exchange (forex) pairs. The broker claims to provide access to 200 trading instruments, including major currency pairs, indices, commodities, and some cryptocurrency offerings. However, the specific details regarding the number of forex pairs available have not been disclosed.

In addition to forex, The Regal offers Contracts for Difference (CFDs) on various asset classes, including indices and commodities. The frequency of product updates and the addition of new instruments are not specified, leaving potential investors in the dark about the broker's offerings.

For retail traders, The Regal provides a standard trading service, while institutional clients can expect tailored solutions. The broker does not appear to offer any white-label solutions or asset management services.

4. Trading Platforms and Technology

The Regal exclusively utilizes the MetaTrader 4 (MT4) platform, which is known for its user-friendly interface and extensive customization options. The platform supports desktop and mobile versions, allowing traders to access their accounts on various devices. However, there is no mention of a proprietary trading platform or additional trading software.

The broker's MT4 platform offers standard features, such as advanced charting tools, technical indicators, and automated trading capabilities through Expert Advisors (EAs). However, it lacks some modern security features, such as two-step verification, which raises concerns about account security.

The Regal's server infrastructure is based in the United States and South Korea, but specific details about the server locations and technical capabilities have not been disclosed. The broker does not provide an API for automated trading, limiting the options for algorithmic traders.

5. Account Types and Trading Conditions

The Regal offers a single standard account type, but specific details such as the minimum deposit requirement, spreads, and commission structures are not clearly stated. The broker is known to provide high leverage options, reportedly up to 1:1000, which can amplify both gains and losses.

The minimum trading lot size and overnight fees are also not disclosed, creating uncertainty for potential traders. There is no information available regarding advanced account types, such as VIP or Islamic accounts, which further limits options for diverse trading strategies.

Summary of Trading Conditions:

• Minimum Deposit: Not disclosed
• Spreads: Not disclosed
• Leverage: Up to 1:1000
• Minimum Lot Size: Not disclosed
• Overnight Fees: Not disclosed

6. Fund Management

The Regal supports a variety of deposit methods, including bank transfers, credit cards, and electronic wallets. However, the minimum deposit requirements for different account types are not specified. The processing time for deposits is also unclear, leaving potential clients without essential information.

The broker does not provide clear details regarding deposit fees, which can affect traders' overall costs. Withdrawal methods and any associated limitations are similarly vague, with no specific information on processing times or fees.

Summary of Fund Management:

• Deposit Methods: Bank transfer, credit card, electronic wallets
• Minimum Deposit: Not disclosed
• Deposit Processing Time: Not disclosed
• Deposit Fees: Not disclosed
• Withdrawal Methods: Not disclosed
• Withdrawal Processing Time: Not disclosed
• Withdrawal Fees: Not disclosed

7. Customer Support and Educational Resources

The Regal offers customer support primarily through email, with a contact address of contactus@rcmfx.com. However, the broker does not provide a phone number or live chat options, which may limit accessibility for clients seeking immediate assistance.

The support team is reportedly available in English, but the coverage of other languages is not specified. Educational resources such as webinars, tutorials, and eBooks are not mentioned, indicating a lack of support for novice traders.

Market analysis services and trading tools, such as calculators and economic calendars, are also not provided, which could hinder traders' ability to make informed decisions.

8. Regional Coverage and Restrictions

The Regal primarily serves clients in Vanuatu and may have some presence in other regions, but specific details about its geographical reach are not provided. The broker does not disclose the locations of its regional offices, making it difficult to assess its operational scope.

There are no clear indications of countries or regions from which clients are restricted, but potential investors should be aware of the regulatory implications when trading with an unregulated broker.

Summary of Regional Coverage:

• Primary Markets: Vanuatu
• Regional Offices: Not disclosed
• Restricted Countries: Not disclosed
• Special Restrictions: Not disclosed

In summary, The Regal broker presents several risks for potential investors due to its unregulated status, lack of transparency regarding trading conditions, and limited customer support options. Prospective clients should conduct thorough research and consider alternative, more reputable brokers before engaging in trading activities.