Forex Royalty -Overview of Minimum Deposit, Leverage, Spreads

General Information

Registered in the United Kingdom, Forex Royalty is forex broker offering a series of trading instruments to both retail and professional traders, including Currencies, Metals, Commodity, Cryptocurrency, Indices through the advanced MT5 trading platform. With the Forex Royalty platform, investors have the flexibility to choose from five trading accounts, with leverage up to 1:500, the minimum deposit on the EUR/USD pair starting at 0.0 pips.

Forex Royalty does not hold any regulatory license to show it operates legally. Please be aware of the risk involved.

Market Instruments

Forex Royalty boasts that it provides easy access to a massive financial market. Six classes of trading instruments, including Currency Trading, Indices Trading, Stock Trading, Commodities Trading, Metal Trading, Cryptocurrency Trading, are all available through this brokerage platform.

Account Types

Forex Royalty provides three trading accounts for both retail and professional clients: Standard, ECN and Professional. To open a Standard account, an initial deposit of $1,000 is required, much higher than most forex brokers requirements. The ECN is suitable for professional traders and scalpers who pursue lower spreads, asking for an initial deposit of $5,000. The Professional account is ideal for traders with large trade volume, requiring $25,000 to start.

Aside from live trading accounts, demo accounts are available for beginners to gain a feel of this platform and practice their trading skills without risking their real capitals.

How to open an account with Forex Royalty？

Opening an account with Forex Royalty is an easy and simple process:

1. Click the “CREATE ACCOUNT” link, and fill up some required details on the popping-up page.

2. Upload your personal data for this company to verify your details.

3. Fund your account and start to trade with this forex broker.

Leverage

When it comes to leverage, Forex Royalty permits traders to use leverage of up to 1:500, insanely higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.

As leverage can also cause serious fund losses, it is important for inexperienced traders to choose the proper amount that they feel most at ease.

Spreads & Commissions

Spreads and commissions are tied to what trading accounts you are holding on the Forex Royalty platform. Commission details are not disclosed, with spreads on the Standard account from 1.5 pips, the ECN account from 1.0 pips, the Professional account from 0.7 pips.

On the homepage of Forex Royalty, some real-time spreads are also available, with the minimum spread at the EUR/USD pair starting at 0.0 pips.

Trading Platform

Forex Royalty offers its clients access to the industry-leading MT5 trading platform, available on Windows, IOS, Mac, and Android devices.

MT5 trading platform features the robust charting package, the ability to use automated trading bots (Expert Advisors), and the flexibility of the interface.

Payment Methods

The minimum deposit is $1,000 to invest with Forex Royalty, and this brokerage house allows its clients to make deposits and withdrawals through multiple payment methods, including Neteller, VISA, MasterCard, PAYEERM, Perfect Money, Bitcoin.

Customer Support

For any questions or concerns they may have about their accounts or their trading can reach out to Forex Royalty through the following methods:

Telephone: +442080895166

Online Chat

Registered Office Address: Kemp House, 160 City Road, London, EC IV 2NX (U.K)

A Contact Form (fill up some required details and then wait to be connected)

Restricted Regions

Forex Royalty is not available for US, and Japan Residents.

Risk Warning

There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

The information presented in this article is intended solely for reference purposes.