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Royal Financial Trading Review 2024

Website: www.oneroyal.com

Min. Deposit: US$ 50

Leverage: 1:500

Trading Platforms: MT4, MubasherTrade Pro, RJO, Trading Central

Regulation: ASIC, CySEC, CMA, FSA, VFSC

Headquarters: Australia

Founded: 2006

Regulatory Licenses:

- Royal Financial Trading Pty Ltd - authorized by ASIC (Australia) registration ABN 30157780259 ACN 157 780 259

- Royal Financial Trading (Cy) Ltd - authorized by CySEC (Cyprus) registration no. 312/16

- Royal Financials SAL - authorized by CMA (Lebanon) as a Financial Intermediary Institution license no. 15

- Royal CM Limited – licensed and regulated by VFSC (Vanuatu) company number 700284

- Royal ETP LLC – authorized by FSA (SVG) company number 149LLC2019

Updated on March 4, 2024

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Our Review Method ▲

Our comprehensive review method involves a detailed analysis of Royal Financial Trading, comparing its services, fees, user experience, and overall performance against over 1000 brokers. We scrutinize each aspect to ensure our readers have the most accurate and up-to-date information, helping them make well-informed decisions.


What is Royal Financial Trading? ▲

Royal Financial Trading, established in 2006, is a brokerage company dedicated to providing optimal trading conditions, tailored services, and support. Initially headquartered in Lebanon, the broker has expanded globally, establishing offices in major financial centers like Cyprus and Australia, ensuring compliance with relevant regulations. Royal Financial Trading offers real market execution of trades with NDD execution and allows clients to leverage up to 1:500 on Forex financial instruments, potentially multiplying their gains.


Royal Financial Trading Pros and Cons ▲

Pros

  • Royal Financial Trading is recognized for its straightforward digital account opening process.

  • It provides good platform tools and comprehensive education and research resources.

  • The broker boasts low forex and CFD fees and does not charge inactivity or account fees.

  • Multiple options are available for depositing or withdrawing funds.

Cons

  • Trading fees for stocks and CFDs are comparatively higher.

  • The lack of 24/7 support could be a drawback for some traders.

  • Royal Financial Trading has a limited product portfolio, focusing mainly on CFDs and forex.

  • Most nonwire withdrawal methods incur a fee, and there is a notable absence of some educational tools, such as webinars.


Awards ▲

Throughout its operation, Royal Financial Trading has garnered numerous awards, reflecting its reputable standing and exceptional service offering. The broker has been recognized for its competitive trading conditions, receiving multiple accolades from reputable financial expositions and continues to expand its achievements.


Is Royal Financial Trading safe or a scam? ▲

Royal Financial Trading is not a scam; it is a broker regulated by multiple authorities, including the top-tier ASIC, along with CySEC and CMA Lebanon, making it a low-risk option for Forex and CFD trading. With regulations from ASIC, CySEC, CMA Lebanon, and additional international entities authorized by FSA and VFSC, Royal Financial Trading offers a secure trading environment for clients across various countries.


Is Royal Financial Trading regulated?


Royal Financial Trading holds licenses from prominent regulatory bodies, including the Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CYSEC), Lebanese Capital Markets Authority (CMA), and the Central Bank of Lebanon. These regulations ensure that Royal Financial Trading operates transparently and in full compliance, providing clients with secure and professional trading services.


Are you protected?


Regulated by leading authorities, Royal Financial Trading offers a transparent operation, adhering to strict rules designed to minimize systematic risks, protect investors from illegal practices, and ensure professional activities and clearing settlement services are conducted with precision. Client funds are safeguarded through segregation in world-leading banks, comprehensive risk management systems, internal control functions, and compensation schemes in case of insolvency.


Leverage ▲

When discussing leverage ratios provided by Royal Financial Trading, it's essential to recognize that these ratios vary based on the regulatory body governing your account. Australian traders have the advantage of accessing high leverage levels up to 1:500 for Forex instruments, thanks to the Australian Securities and Investments Commission (ASIC)'s regulations. In contrast, traders under the jurisdiction of Cyprus and European legislation are limited to a lower leverage of only 1:30 for major currency pairs and 1:10 for commodities. Trading through a Lebanese entity may offer different leverage levels, so it's crucial for traders to check the regulations applicable to their residency status and understand the leverage options available to them.


Accounts ▲

Royal Financial Trading provides a variety of account types to suit different trader needs. These include two main types: Zero accounts, which operate on a spread-only basis, and Core accounts, which are based on a commission model. Depending on the initial investment, the broker offers improved trading conditions and reduced costs through a total of 6 Account Types including Classic, Premium, and VIP for both Zero and Core account types. Additionally, traders have the option to open Individual, Joint, Corporate, or Trust Accounts. Notably, the MAM feature allows for the management of multiple accounts through a single interface, and an Islamic account option caters to Muslim traders by excluding interest, swaps, or rollover commissions.


Market Instruments ▲

Royal Financial Trading offers a variety of investment opportunities through an NDD execution model, including Spot FX and commodities, as well as CFDs for Indices, Stocks, and Bonds. The broker's selection of financial products earns a score of 7.9 out of 10 for its wide range, although it mainly focuses on CFDs and Forex Instruments. The availability of trading instruments may vary depending on the specific entity.


Can you trade Crypto on Royal Financial Trading?

Cryptocurrency trading is supported on the Royal Financial Trading platform, providing traders with favorable conditions and a satisfactory range of options.


Fees ▲

The diverse account types available at Royal Financial Trading cater to a variety of investment strategies and preferences, offering competitive advantages like tight spreads, low costs, and quick execution. The broker's fees receive a low ranking with an overall rating of 8.2 out of 10, based on our extensive comparison with over 1000 brokers. Royal Financial Trading is notable for its low forex and CFD fees and the absence of an inactivity fee. However, it's important to note that most withdrawal methods, with the exception of bank transfers, incur a fee.


Spreads ▲

Royal Financial Trading offers spreads that are tailored to the type of account you hold, with better spreads available for higher account balances. For those opting for Zero accounts, all costs are incorporated into a variable spread, as illustrated in the table below. Conversely, for those who prefer trading on a commission basis, the Core account group is the preferred option, featuring spreads from 0 pips plus a commission of $7 for a classic account, $5 for a Premium account, and $3.5 for a VIP account. Additionally, it's important to account for rollover or overnight fees for positions held longer than a day. Comparatively, Royal Financial Trading's spreads are deemed average, receiving an overall score of 3.9 out of 5 in our comprehensive comparison with over 1000 brokers. The Forex spread is found to be on par with the industry standard.


Deposits and Withdrawals ▲

Royal Financial Trading supports 13 payment methods and offers 11 account base currencies, facilitating smooth transactions. We rated Royal Financial Trading's funding methods as excellent, with a score of 4.0 out of 5. This high score is attributed to the low fees and minimal deposit requirements, making it an appealing option for both novice and seasoned traders. Notable features and setbacks of Royal Financial Trading's funding methods include:


Pros

  • A wide variety of payment options including credit cards, bank transfers, and epayments like Skrill, Neteller, and more


Cons

  • Potential differences in available payment options and applicable fees based on the trader's jurisdiction


The minimum deposit required to open a Classic live trading account is $50, significantly lower than the industry average of $500. Withdrawal fees vary depending on the jurisdiction and chosen payment method, with card payments and bank wire transfers incurring fees of up to 2%.


Trading Platform ▲

Royal Financial Trading equips traders with the MetaTrader4 platform, renowned for its simplicity and comprehensive tools. We rated the trading platform a 3.9 out of 5, highlighting its industry-leading MetaTrader suite and additional features like copy trading through platforms such as Zulutrade and MyFxbook. The broker offers various platform versions, including Desktop, WebTrader, and Mobile applications, along with MT4 MultiTerminal and MAM accounts for money managers. The mobile platform ensures traders can stay informed and trade from iOS or Android devices.


Social trading is a standout feature, allowing traders to leverage platforms like myFXbook and ZuluTrade for copying trades from professionals, greatly benefiting both beginners and experienced traders.


Customer Support ▲

Royal Financial Trading provides comprehensive customer service through multiple channels, including email, phone, live chat, WhatsApp, and Messenger. Our assessment ranks the customer support as good, with a score of 4.0 out of 5. Responses to inquiries were prompt and detailed across all communication methods.


Education ▲

Royal Financial Trading offers an extensive range of educational and research materials, including Live News, Economic Calendar, Traders Dashboard, and Market Levels. Our evaluation rates the broker's education offerings with a score of 3.9 out of 5, commending the quality and variety of resources available to traders.


Conclusion ▲

In conclusion, Royal Financial Trading emerges as a reliable and globally recognized brokerage firm, offering a competitive trading environment and numerous opportunities. Its direct connection, seamless trading process, and comprehensive technological solutions, alongside low trading costs, create a compelling offering. The broker caters to traders of all sizes and strategies, including social trading, with a wide selection of trading platforms and services. Therefore, Royal Financial Trading is highly recommended for:


Pros

  • Beginning Traders

  • Professional Traders

  • EAs running

  • Copy Trading

  • Users of MT4 or MT5 platforms

  • Currency and CFD Trading

  • Various Trading Strategies


Cons

  • Limited information on specific fees for certain services and products


Overall, Royal Financial Trading is suited for a diverse range of traders, from those just starting out to seasoned professionals, and supports a wide variety of trading strategies, including MAM trading.

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