Royal Forex Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-29 17:28

Abstract：Established in 2006, Royal Forex LTD is a forex broker with Cyprus based background. By means of its user-friendly trading platforms MetaTrader 4 (MT4) and Royal Forex Trader (RFT), the Cyprus Securities and Exchange Commission (CySEC) controls the company and provides traders access to over 125 instruments including forex, commodities, and CFDs.

　　The official website of royal forex(https://www.royalforex.com/) is unable to access now.

Royal Forex Review Summary
Founded	2006
Registered Country/Region	Republic of Cyprus
Regulation	Regulated by CySEC
Market Instruments	Forex, Commodities, CFDs
Demo Account	✔
Leverage	Up to 1:500
Spread	From 0.0 pips
Trading Platform	MT4Royal Forex Trader (RFT)
Min Deposit	$0 for Standard Account; $1,000 for Pro Account
Customer Support	Phone: +357 22007405Email: info@royalforex.com24/7 Online Chat: ❌Physical Address: Not provided

Royal Forex Information

　　Established in 2006, Royal Forex LTD is a forex broker with Cyprus based background. By means of its user-friendly trading platforms MetaTrader 4 (MT4) and Royal Forex Trader (RFT), the Cyprus Securities and Exchange Commission (CySEC) controls the company and provides traders access to over 125 instruments including forex, commodities, and CFDs.

Pros and Cons

Pros	Cons
Regulated by CySEC	Customer support not 24/7
No minimum deposit for Standard Account	Official website unavailable
Provide 2 trading platforms (MT4, RFT)
0 commissions for Standard Account

Is Royal Forex Legit?

Regulatory Status	Regulated
License Type	Straight Through Processing (STP)
Regulated By	Cyprus (CySEC)
License Number	269/15
Licensed Institution	Royal Forex Ltd
Effective Date	2015/3/18
License Type	Sharing

What Can I Trade on Royal Forex?

　　Royal Forex offers over 125 tradable instruments. These including spot forex, commodities, and CFDs.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
CFDs	✔
Indices	❌
Shares	❌
ETFs	❌

Account Types

　　Royal Forex offers two account types. Also, itprovides a demo account for practice.

Account Type	Leverage	Spread	Commission	Min Deposit	Minimum Lot Size	Demo Account
Standard Account	Up to 1:500	Starting from 0.0 pips	None	$0	0.1 lot	✔
Pro Account	Up to 1:500	Starting from 0.6 pips	$3.50 per 100K trade	$1,000	0.01 lot	✔

Royal Forex Fees

　　With spreads from 0 pip and commission-free trading, Royal Forex presents reasonable fees—especially for Standard Accounts.

Aspect	Standard Account	Pro Account
Spread	From 0.0 pips	From 0.6 pips
Commission	None	$3.50 per 100K trade

Trading Platform

　　Royal Forex provides Meta Trader 4 and its unique royal forex trader for users.

Trading Platform	Supported	Available Devices	Suitable For
MetaTrader 4 (MT4)	✔	Desktop, Mobile, Web	Both beginners and experts
Royal Forex Trader (RFT)	✔	Desktop, Mobile, Web	Traders seeking faster execution

Deposit and Withdrawal

　　Royal Forex does not explicitly mention deposit or withdrawal fees. The minimum deposit is $0 for Standard Accounts and $1,000 for Pro Accounts.

Deposit Options	Min. Deposit	Fees	Processing Time
Bank Transfer	$0–$1,000	-	1–5 business days
Credit/Debit Card	$0–$1,000	-	Within minutes
E-Wallets	$0–$1,000	-	Within minutes
Online Payment Systems	$0–$1,000	-	Varies