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ROYAL TRADING Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-18 17:21

Abstract：ROYAL TRADING is a broker providing various tradable instruments, including forex, commodities, indices, stocks, and cryptocurrencies. The broker has different account types with a maximum leverage of 1:1000, such as ECN, High Leverage, and Islamic. The minimum spread is 0.6 pip and the minimum deposit is $20. ROYAL TRADING is still risky due to its Suspicious Clone status, high leverage, and bad reviews about difficulty withdrawing money.

ROYAL TRADINGReview Summary
Founded	2020-03-05
Registered Country/Region	Hong Kong
Regulation	Suspicious Clone
Market Instruments	Forex, Commodity, Indices, Stocks, and Cryptocurrencies
Demo Account	✅
Leverage	Up to 1:1000
Spread	From 0.6 pip(On All Majors)
Trading Platform	MT5(iOS, Android, and Web)
Min Deposit	$20
Customer Support	Phone: +852 81209280
	Email:cs@royal-tradingcorp.cominfo@royal-tradingcorp.com
	Live Chat

ROYAL TRADING Information

　　ROYAL TRADING is a broker providing various tradable instruments, including forex, commodities, indices, stocks, and cryptocurrencies. Thebroker has different account types with a maximum leverage of 1:1000, such as ECN, High Leverage, and Islamic. The minimum spread is 0.6 pip and the minimum deposit is $20. ROYAL TRADING is still risky due to its Suspicious Clone status, high leverage, and bad reviews about difficulty withdrawing money.

Pros and Cons

Pros	Cons
Leverage up to 1:1000	Suspicious Clone
Spread from 0.6 pip	Bad reviews: Difficult to withdraw money
MT5 available
Demo account available
Various tradable instruments: forex, commodity, indices, etc.

Is ROYAL TRADING Legit?

　　Regulated brokers are safer than unregulated brokers, but risks are inevitable. ROYAL TRADING is unsafe with Suspicious Clone, even though the broker claims to be regulated by ASIC and VFSC. In addition, some ROYAL TRADING traders said that it is difficult to withdraw funds.

What Can I Trade on ROYAL TRADING?

　　ROYAL TRADING provides forex, commodities, indices, stocks, and cryptocurrencies.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Stocks	✔
Cryptocurrencies	✔
Bonds	❌
Mutual Funds	❌

Account Type

　　ROYAL TRADING provides three types of accounts: ECN, High Leverage, and Islamic Account. Traders with less than $1000 can choose a High Leverage account, which offers leverage up to 1:1000 and spreads starting from 1.0 pip. Investors who prefer low leverage and tight spreads can choose ECN and Islamic Account.

Account Type	ECN	High Leverage	Islamic
Leverage	1:100/1:200	1:1000	1:100/1:200
Minimum Deposit	$50	$50	$50
Negative Balance Protection	Yes	Yes	Yes
Spread On All Majors	As low as 0.6 pip	As low as 1.0 pip	As low as 0.6 pip
Commission	No	No	Yes
Overnight interest	Charge or pay	Charge or pay	None

ROYAL TRADING Fees

　　The spread is from 0.6 pip and the commission is free. ROYAL TRADING charges swap fees.

　　Overnight Interest = Settlement Price x Contract Size x Lot Size (Long /Short) x Days x Overnight Interest Rate (Long /Short) ÷ 360

Leverage

　　The maximum leverage is 1:1000, which means that profits and losses are magnified 1000 times.

Trading Platform

　　ROYAL TRADING has an authoritative MT5 trading platform and traders can choose different versions, such as iOS, Android, and Web to trade. Compared with MT4, experienced traders prefer MT5.

Trading Platform	Supported	Available Devices
MT5	✔	iOS, Android, and Web

Deposit and Withdrawal

　　The minimum deposit is $20. ROYAL TRADING charges investors withdrawal fees starting at 0 and provides multiple deposit and withdrawal methods, including Debit Cards, Bank Accounts, and Cryptocurrency.

Customer Support Options

　　ROYAL TRADING provides 24/7 support and traders can contact via phone, email, and live chat.

Contact Options	Details
Phone	+852 81209280
Email	cs@royal-tradingcorp.cominfo@royal-tradingcorp.com
Live Chat	✔
Supported Language	English
Website Language	English
Physical Address	3rd Floor Ellen Skelton Building 3076 Sir Francis Drake Highway Road Town, Tortola British Virgin Islands VG1110.