Royal Overview

Royal Is An Entity Operating In Australia That Emerged In 2020, But It Operates Without Regulatory Oversight, Raising Suspicions Of Cloning Or Unauthorized Operations. Despite This Uncertainty, It Offers A Wide Range Of Market Instruments Including Forex, CFDs, Commodities, Indices And Stocks.

To Cater To Different Trading Preferences, Royal Offers Three Different Account Types: Standard, ECN And VIP, Each Of Which Varies In Functionality And Minimum Deposit Requirements, Starting At $200. The Platform Offers Maximum Leverage Of Up To 1:500, Giving Traders The Ability To Manage Their Positions Flexibly.

Although The Platform Offers A Variety Of Products And An Easy-to-trade Environment, The Lack Of Regulatory Support, Limited Educational Resources, And Concerns About Authenticity May Give Rise To Cautious Considerations.

Is Royal Legitimate Or A Scam?

Roya Is Currently Designated As A "suspect Clone" By Multiple Regulators, Including The Australian Securities And Investments Commission (ASIC), The Cyprus Securities And Exchange Commission (CySEC), And The Lebanese Capital Markets Authority (CMA).

1. Australia (ASIC):

Roya Claims To Hold An Institutional Foreign Exchange License Regulated By The Australian Securities And Investments Commission (ASIC), License Number 420268. However, Its Current Status Is Flagged As A "suspicious Clone". This Flagging Raises Significant Concerns About The Legality And Compliance Of Roya Within The Australian Regulatory Framework.

2. Cyprus (CySEC):

The Cyprus Securities And Exchange Commission (CySEC) Has Also Classified Roya As A "suspicious Clone", Suggesting That There May Be An Unauthorized Operation. Roya Claims To Hold A Straight-through Processing (STP) License With License Number 312/16. Given The Suspicious Clone Status In Cyprus, Traders Should Proceed With Caution And Thoroughly Investigate The Trustworthiness Of The Platform.

3. Lebanon (CMA): The Lebanese Capital Markets Authority (CMA) Has Flagged Roya As A "suspicious Clone". The Platform Claims To Have A Retail Forex License Issued By The CMA With License Number 15. Traders Considering Using Roya Should Be Aware Of Its Legality And Issues With Compliance With Lebanese Regulatory Standards.

Pros And Cons

Pros:

1. Wide Range Of Cryptocurrencies Available: Royal Offers A Diverse Range Of Cryptocurrencies For Trading, Providing Users With A Variety Of Digital Asset Options In Addition To The Main Bitcoin Or Ethereum. This Diversity Can Appeal To Traders Who Wish To Explore Different Cryptocurrencies And Diversify Their Portfolios.

2. Multiple Payment Methods: The Platform Supports Multiple Payment Methods, Providing Users With A Flexible And Convenient Fund Top-up Account. Multiple Payment Methods, Such As Credit/debit Cards, E-wallets And Possibly Others, Provide Users With Different Deposit And Withdrawal Options.

3. Easy To Use: Royal's Platform Is Designed With User-friendliness In Mind, Making It Suitable For Traders Of Different Experience Levels. The Simple And Intuitive Interface And Intuitive Features Provide Users With A Simple And Smooth Trading Experience.

4. Competitive Leverage: The Platform Offers Competitive Leverage Options That Allow Traders To Control Larger Positions With Less Capital. This Feature Has The Potential To Amplify Profits, But Also Comes With Increased Risk.

Cons:

1. Unregulated (Suspicious Clone): Concerns Exist About The Legitimacy Of The Platform Due To Lack Of Regulation Or Suspected Clone Sites. This Raises Doubts About The Platform's Compliance With Regulatory Standards, Potentially Deterring Cautious Traders.

2. Lack Of Comprehensive Educational Resources: Royal's Educational Resources Are Limited, Which May Make It Difficult For New Users To Understand Trading Strategies, Platform Features, And Market Insights. This Inadequacy May Hinder Traders' Skill Development And Decision-making Abilities.

3. Unavailable In Certain Countries Or Regions: The Platform May Not Be Accessible In Certain Countries Or Regions Due To Regulatory Restrictions Or Other Restrictions, Potentially Excluding Interested Traders In Specific Locations.

4. Limited Market Analysis And Insights: Royal May Offer Limited Market Analysis Tools And Insights, Which May Affect A Trader's Ability To Make Informed Decisions Based On Comprehensive Market Data And Trends.

5. Customer Support: The Quality Or Responsiveness Of Customer Support May Be An Issue Due To Possible Uncertainties Regarding The Efficiency Or Effectiveness Of Assistance Provided To Users Facing Questions Or Inquiries.

Market Tools

Royal Offers A Diverse Range Of Trading Assets On Various Financial Marekts. Their Products Include:

1. Forex: This Typically Involves Major, Minor, And Exotic Currency Pairs, Allowing Traders To Speculate On Exchange Rates Between Different Currencies.

2. Contracts For Difference (CFDs): These Derivatives Enable Traders To Speculate On Price Movements Of Various Assets Without Owning The Underlying Asset. Royal May Offer CFDs On Various Instruments Such As Stocks, Indices, Commodities, And Cryptocurrencies.

3. Commodities: Traders Have Access To A Range Of Commodities Such As Gold, Silver, Oil, Agricultural Commodities, Etc. These Commodities Are Tradable Assets That Allow Investors To Speculate On Their Price Movements.

4. Indices: Trading Indices Involves Speculating On Price Movements Of A Basket Of Stocks That Represent A Particular Market Or Industry. Royal May Offer CFDs On Major Global Indices Such As The S & P 500, Dow Jones, FTSE, Etc.

5. Equities: Trading Stocks Involves The Purchase And Sale Of Ownership Stakes In Listed Companies. Royal May Offer CFDs On Stocks From Various Stock Markets Around The World, Enabling Traders To Speculate On Their Price Movements Without Owning The Actual Shares.

These Trading Assets Offer Investors And Traders A Diverse Choice To Participate In Global Financial Marekts That Cater To Different Trading Strategies And Risk Appetite.

Account Types

Royal Offers Three Different Account Types, Each Customized For Different Trading Preferences And Client Bases:

1. Standard Account: Designed For Traders Seeking A Balanced Approach, The Standard Account Offers Leverage Up To 1:500, Floating Spreads, And No Commissions. The Minimum Deposit Requirement Is $200, Suitable For Novice Traders Or Those Seeking A Simple Trading Experience. Withdrawals Are Free, And Clients Can Practice Using A Demo Account.
2. ECN Account: Aimed At More Experienced Traders, The ECN Account Offers Leverage Up To 1:500, Raw Spreads, And A $7 Commission Per $100k Traded. With A Minimum Deposit Requirement Of $500, This Account Type Is Suitable For Traders Looking For Tighter Spreads And Direct Market Access. Similar To The Standard Account, Withdrawals Are Free And A Demo Account Is Provided For Practice Use.
3. VIP Account: Tailored For Experienced Traders Or High-volume Investors, The VIP Account Boasts Leverage Of Up To 1:500, Low Spreads, And Only Pays A $5 Commission Per 100k Traded. This Account Type Requires A Higher Minimum Deposit Amount Of $1,000 And Offers Additional Trading Tools Such As Central Trading, Which Provides Comprehensive Market Analysis And Insights.

Each Account Type Is Designed To Accommodate Different Trading Styles And Experience Levels, Ensuring That Traders Can Choose Options That Match Their Specific Needs And Preferences.

How Do I Open An Account?

Here Is A Step-by-step Guide To Opening An Account With Royal:

1. Visit The Official Website: Visit Royal's Official Website Using The Web Browser Of Your Choice.

2. Account Registration: Look For The "Register" Or "Open Account" Button On The Homepage Of The Website. Click On It To Start The Registration Process.

3. Fill In Personal Information: Fill Out The Registration Form With Accurate Personal Details, Including Your Full Name, Email Address, Phone Number, And Country Of Residence. Create A Secure Password For Your Account.

4. Account Verification: After Submitting The Registration Form, You May Need To Verify Your Email Address By Clicking On The Link Verification Sent To Your Registered Mailbox. In Addition, Some Brokers May Need To Provide Identification Documents Such As Passport Or Driver's License And Proof Of Address For Authentication.

5. Select Account Type: Choose The Type Of Account You Wish To Open Based On Your Trading Preferences And Needs (e.g., Standard Account, ECN Account, VIP Account).

6. Deposit Funds: Once Your Account Has Been Verified, Log In To Your Account Dashboard. Navigate To The Deposit Section And Select The Appropriate Payment Method To Top Up Your Account. Follow The Instructions To Make The Initial Deposit, With The Minimum Amount Required According To The Account Type You Have Selected.

Please Ensure That You Carefully Read And Understand The Terms And Conditions Provided By Royal, As Well As Any Risk Disclosures, Before Completing Your Account Registration And Placing A Trade. If You Encounter Any Difficulties Or Have Questions During The Process, Please Contact Royal's Customer Support For Assistance.

Leverage

Royal Offers Maximum Leverage Up To 1:500 For Its Trading Accounts. Leverage Allows Traders To Control Larger Positions With Less Capital, Magnifying Potential Profits And Losses. A Leverage Ratio Of 1:500 Means That For Every Dollar In A Trading Account, A Trader Can Control A Position Of Up To $500 In The Market.

However, It Is Important To Note That While Leverage Can Increase Potential Gains, It Also Increases The Risk Of Large Losses, And Traders Should Use It With Caution And Employ Appropriate Risk Management Strategies.

Spreads And Commissions

Royal's Fee Structure Covers Spreads And Commissions For Its Account Type, Providing Tailored Options For Different Trader Preferences. Standard Accounts Offer Floating Spreads Without Any Commissions, Suitable For Traders New To The Market Or Those Who Prioritize Simplicity In Their Trading Experience.

In Contrast, ECN Accounts Offer Tighter Raw Spreads And Charge A Commission Of $7 Per 100k Traded. This Setup Is Suitable For Experienced Traders Who Are Seeking Direct Market Access And Are Comfortable With The Commission Fee Structure.

For Experienced Traders Or Investors With High Volume, VIP Accounts Offer Tighter Spreads Than Standard And ECN Accounts, While Reducing Commissions To $5 Per 100,000 Traded. This Account Type Also Has Access To Advanced Market Analysis Tools Such As Trading Central. How Well Traders Fit Into Each Account Type Depends On Their Comfort With The Fee Structure, Level Of Trading Experience, And Need For Additional Analytical Tools, Resulting In A Personalized Trading Experience For Individual Preferences And Strategies.

Trading Platform

Royal Offers The MetaTrader 4 (MT4) Platform, Which Is Widely Recognized And Popular In The Industry. MT4 Is Known For Its User-friendly Interface, Advanced Charting Tools, Technical Analysis Capabilities, And Various Customizable Features. It Allows Traders To Execute Trades On Various Financial Marekts, Obtain Real-time Market Data, Automate Trading Strategies Using Expert Advisors (EAs), And Implement Diverse Order Types.

In Addition, MT4 Offers A Vast Library Of Indicators And Trading Tools, Providing Users With A Better Trading Experience. Although MT4 Is Widely Used And Has Powerful Features, Some Traders May Seek Out The More Modern Or Advanced Features Offered By Other Platforms, Although MT4 Remains A Reliable And Widely Adopted Option For Traders Worldwide.

Deposits And Withdrawals

Royal Offers A Number Of Convenient Payment Methods To Top Up Your Trading Account. These Options Include:

• Credit/Debit Cards: Major Credit And Debit Cards Such As Visa, Mastercard, And Maestro Are Accepted. This Method Is Usually The Fastest And Funds Are Credited To Your Account Within Minutes.
• E-Wallets: Popular E-wallets Like Neteller, Skrill, And PayPal Are Also Accepted. Similar To Credit Cards, Funds Are Usually Credited To Your Account Immediately.

Payment Processing Times

Royal Aims To Process All Deposit Requests As Quickly As Possible. Typically, Funds Will Be Credited To Your Account At The Following Times:

• Instant: Credit/debit Cards And Most E-wallets.
• Withdrawal Processing Times May Be Slightly Longer, Usually Taking 1-5 Business Days, Depending On The Method Chosen.

Customer Support

Royal Provides Comprehensive Customer Support By Mail (mail@oneroyalfx.com), Ensuring A Timely Response To Traders' Questions And Concerns. Dedicated Email Support Provides A Direct Channel Of Communication, Allowing Users To Quickly Seek Guidance, Resolve Issues, Or Enquire About Trading-related Matters.

The Email Support System Exemplifies Royal's Commitment To Providing Personalized Assistance, Meeting Traders' Needs, And Ensuring A Smooth Experience. Through This Contact Form, Traders Can Expect Efficient And Tailored Responses, Further Emphasizing Royal's Focus On Solving Client Problems And Maintaining A Supportive Trading Environment.

Educational Resources

Royal Faces The Problem Of Insufficient Educational Resources, Creating Challenges For Newcomers To Master Platform Functionality And Cryptocurrency Trading. Vital Tools Such As Comprehensive User Guides, Instructional Video Tutorials, Online Seminars, And A Rich Blog Are Missing.

This Scarcity Hinders The Learning Curve For New Users And Can Lead To Mistakes And Financial Setbacks, Leaving Them Frustrated With Their Trading Journey. The Lack Of These Resources Not Only Hampers The Development Of Skills, But Also Increases The Risk Of Mistakes And Losses, Weakening The Confidence Of New Traders When Interacting With The Platform And The Cryptocurrency Market.

Conclusion

Royal Prides Itself On Its Significant Strengths And Obvious Weaknesses, Offering Traders A Diverse Range Of Cryptocurrency Trading And Multiple Payment Options, Enhancing Users' Flexibility.

However, There Are Growing Concerns About Its Regulatory Status And Legitimacy, As Its Lack Of Regulation May Raise Suspicions Of Cloning, Which May Discourage Risk-averse Traders. In Addition, The Limited Educational Resources Of The Platform Hinder The Learning Curve For New Users, Which May Lead To Challenges In Understanding Trading Strategies And Platform Features, Which May Lead To Errors And Frustrations.