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No Regulation
Score
1.11 /10
Danger
Royal Camel
Within 1 yearSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Quantity 1
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index3.89
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
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Warning: Low score, please stay away!
Previous Detection :
2024-11-17
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
Exposure
1 pieces of exposure in total Pyramid scheme complaint
Expose| Royal Camel Review Summary | |
| Founded | 2024 |
| Registered Country/Region | United Kingdom |
| Regulation | Unregulated |
| Market Instruments | Forex, indices, commodities, CFDs and ETFs |
| Demo Account | ❌ |
| Leverage | / |
| EUR/ USD Spread | / |
| Trading Platforms | Sirix Trader |
| Minimum Deposit | $200 |
| Customer Support | / |
In Royal Camel, you can engage as a trader in the major markets across Europe, Asia, the United States, and Latin America, investing in diverse assets including stocks, indices, bonds, and more. But as of now, it has no regulation.
Pros and Cons
| Pros | Cons |
| Diverse trading products | No regulation |
| High minimum deposits | |
| A newly established company with limited experience | |
| No contact channels provided |
Is Royal Camel Legit?
Royal Camel operates their business under regulated situation. Besides, it was registered on 2024-03-12. Its current status is clientDeleteProhibited, clientRenewProhibited, clientTransferProhibited, and clientUpdateProhibited, which means that the domain is restricted from deletion, renewal, transfer, and updates by the client.
What Can I Trade on Royal Camel?
Royal Camel supports more than 3000 instruments including forex, indices, commodities, CFDs and ETFs.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ❌ |
| Shares | ❌ |
| ETFs | ✔ |
| CFDs | ✔ |
| Mutual Funds | ❌ |
Account Type
In Royal Camel, you can choose three types of live accounts: the Classical, Silver and Gold accounts. But it is notable that they require the minimum deposits of $200, $1000, and $25,000 respectively, which are rather high compared with other brokers.
Trading Platform
Royal Camel offers Sirix Trader trading platform. Traders can utilize the options menu to perform various actions, including locating assets to invest in, controlling operations, monitoring trades, reviewing history, managing open positions, displaying graphs with different indicators, and accessing trading signals.
The Bottom Line
In conclusion, Royal Came is a newly established forex broker offering many variety of trading products. But it is not suitable for novices because it is not regulated and require high minimum deposits.
FAQs
Is Royal Camel safe?
No. It is not regulated well.
Is Royal Camel a good for beginners?
It does not offer a standard trading platform like MT4 or demo accounts to help users familiarize themselves with trading conditions.
Is Royal Camel good for day trading?
No.
At Royal Camel, are there any regional restrictions for traders?
No.
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