Overview
Royal Trading, headquartered in the Cayman Islands and established in 2022, offers a comprehensive trading experience with competitive features. Regulated by the Australia ASIC (license number: 001276870) and the Vanuatu VFSC (license number: 40436), it provides traders with access to a diverse range of tradable assets including forex, commodities, indices, stocks, and cryptocurrencies. The platform offers various account types such as ECN, High Leverage, and Islamic accounts, catering to different trading preferences. With a minimum deposit of 50 USD and maximum leverage of up to 1:1000, Royal Trading provides ample opportunities for traders to participate in the financial markets. The platform is accessible through the ROYAL TRADING app, offering competitive spreads and a demo account for practice. However, caution is advised due to suspected clone regulation claims and the offshore nature of the Vanuatu VFSC license, highlighting the importance of thorough research before engaging with the broker.
Regulation
Be cautious when dealing with the broker Royal Trading, as their claim of being regulated by the Australia ASIC (license number: 001276870) and the Vanuatu VFSC (license number: 40436) issuspected to be a clone. Additionally, the Vanuatu VFSC regulation (license number: 40436) is an offshore regulation, which poses inherent risks. It's crucial to exercise vigilance and thorough research before engaging with such brokers to mitigate potential financial risks and ensure the security of your investments.
Pros and Cons
Royal Trading offers a diverse range of trading products across various financial markets, providing traders with ample opportunities to capitalize on market movements. With competitive spreads, superior trading performance through its app, and robust customer support accessible 24/7, Royal Trading aims to deliver a seamless and secure trading environment for traders worldwide. However, caution is advised regarding the suspected clone regulation claims associated with the broker's regulatory status, emphasizing the importance of thorough research and vigilance when engaging with such brokers.
Market Instruments
ROYAL TRADING advertises that it offers over 70 forex pairs, commodities, stocks, indices, metals like gold, oil, popular cryptocurrencies and more to trade.
Forex: Forex, also known as foreign exchange, involves trading currency pairs. Clients of Royal Trading can engage in currency trading, speculating on the exchange rate movements between different currencies, such as EUR/USD, GBP/JPY, etc.
Commodity: Trading commodities involves buying and selling physical goods like gold, oil, agricultural products, etc. Royal Trading likely provides access to commodity markets, allowing traders to speculate on the price movements of these assets.
Indices: Stock market indices represent a basket of stocks, providing an overall snapshot of a particular stock market. Royal Trading allows traders to trade indices such as the S&P 500, Dow Jones Industrial Average, FTSE 100, etc., enabling them to speculate on the performance of the broader market.
Stocks: Stocks represent ownership in a company. Royal Trading likely facilitates trading in individual stocks listed on various stock exchanges worldwide, allowing traders to invest in and speculate on the price movements of specific companies.
Crypto: Cryptocurrencies like Bitcoin, Ethereum, Ripple, etc., have gained popularity as digital assets. Royal Trading offers trading in cryptocurrencies, enabling traders to speculate on their price movements against fiat currencies or other cryptocurrencies.
Account Types
Apart from demo account with $10,000, there are three real trading accounts provided by ROYAL TRADING, namely ECN (perfect for both beginners and experts), High Leverage, Islamic (suitable for Islamic customers). Opening any of account types requires the minimum initial capital of $50.
The ECN Account is designed for traders seeking direct access to the market with tight spreads and fast execution, offering leverage options of 1:100 or 1:200, allowing traders to amplify their positions while maintaining risk management. With a minimum deposit requirement of just 50 USD, this account provides accessibility to traders of varying capital sizes. Negative balance protection ensures that traders do not incur losses beyond their initial investment, and spreads on all major currency pairs start as low as 0.6 pips. Traders benefit from quick execution, multilingual customer support, and free regular trading strategies.
For traders interested in higher leverage, the High Leverage Account offers leverage up to 1:1000. This account type also requires a minimum deposit of 50 USD and includes negative balance protection to safeguard against excessive losses. While spreads are slightly higher, starting at 1.0 pip on major currency pairs, there are no commissions charged per trade. Traders can execute trades quickly, take advantage of multilingual customer support, and access free regular trading strategies.
The Islamic Account caters to traders who adhere to Islamic principles, offering swap-free trading without any overnight interest charges. With leverage options of 1:100 or 1:200, a minimum deposit of 50 USD, and negative balance protection, this account ensures fair and ethical trading in compliance with Sharia law. Spreads on major currency pairs start as low as 0.6 pips, and traders can benefit from quick execution, multilingual customer support, and free regular trading strategies.
Leverage
Royal Trading offers traders a maximum trading leverage of up to 1:1000, enabling them to control positions that are up to 1000 times the size of their initial investment. While high leverage can amplify potential profits, it also increases the level of risk, as both gains and losses are magnified. Traders should exercise caution and implement effective risk management strategies when utilizing such high leverage ratios to mitigate the inherent risks associated with trading.
Spreads
Royal Trading offers spreads across its diverse range of trading products, encompassing forex, stocks, indices, commodities, and cryptocurrencies. In the forex market, for example, traders encounter competitive spreads on major currency pairs such as EUR/USD, GBP/USD, and USD/JPY, with spreads as low as 0.00012 pips across all account types. Likewise, stocks like Apple (AAPL), Amazon (AMZN), and Tesla (TSLA) exhibit minimal spreads, starting from 0.09 pips in all account variations. Indices trading also presents favorable spreads, with major indices such as the S&P 500 (SP500), Dow Jones (DJ30), and NASDAQ (TECH100) featuring spreads as low as 0.800 pips universally. Additionally, commodities like gold (XAUUSD), silver (XAGUSD), and oil (USOil, UKOil) showcase competitive spreads, ensuring cost-efficient trading opportunities. In the cryptocurrency market, leading digital assets like Bitcoin (BTCUSD), Ethereum (ETHUSD), and Ripple (XRPUSD) also feature tight spreads, with BTC/USD spreads as low as 47.0 pips across all account types. Overall, Royal Trading strives to maintain transparent and consistent pricing, facilitating accessible trading conditions across various financial markets.
Trading Platforms
When it comes to trading platforms available,ROYAL TRADING gives traders two choices: powerful Web and Mobile MetaTrader 5 platforms. The MT5 is available not only for PC, but also for IOS and Android. As the most popular online forex trading terminal in the world, the MT5 offers all kinds of advanced financial trading functions and it can easily suit your trading needs.
Deposit & Withdrawal
Deposit Methods:
Online Banking Transfer: Funds typically arrive within approximately 10 minutes.
Mastercard: Funds typically arrive within approximately 10 minutes.
Mobile Banking Transfer: Funds typically arrive within approximately 10 minutes.
Cryptocurrency Payment: Funds typically arrive within approximately 10 minutes.
Withdrawal Methods:
Debit Card: Withdrawal requests submitted before 16:00 (GMT+8) on the same day usually receive payment on the same day.
Bank Account: Withdrawal requests submitted before 16:00 (GMT+8) on the same day usually receive payment on the same day.
Cryptocurrency: Withdrawal requests submitted before 16:00 (GMT+8) daily typically receive funds on the same day. For Taiwan residents, requests submitted before 15:00 local Taiwan time receive payment on the same day; requests made after this time are processed on the next trading day.
Trading Platforms
ROYAL TRADING app offers superior trading performance and a user-friendly interface equipped with advanced features for both novice and experienced traders. With access to various markets including forex, commodities, indices, and cryptocurrencies, traders can capitalize on market movements with optimal conditions. The platform provides full trading functionality, allowing users to execute trades directly from charts, set up trading alerts, and access comprehensive technical analysis tools. Real-time market news, videos, and strategy tips from industry professionals enhance decision-making capabilities. With market-leading spreads, risk management tools, and multi-language 24/7 professional support, ROYAL TRADING app ensures a seamless trading experience. Additionally, benefits like fast fund withdrawals, a free demo account, international recognition, and real-time quotes with push notifications further enrich the trading journey for users.
Customer Support
ROYAL TRADINGs customer support can be reached through telephone: +85281209280, email: cs@royal-tradingcorp.com. Company address: 3th Floor Ellen Skelton Building 3076 Sir Francis Drake Highway Road Town, Tortola British Virgin Islands VG1110.
Conclusion
Royal Trading offers a comprehensive trading experience with a diverse range of financial products across forex, commodities, indices, stocks, and cryptocurrencies, providing ample opportunities for traders to capitalize on market movements. The platform features multiple account types tailored to different trading preferences, including options with high leverage and Islamic accounts compliant with Sharia law. With competitive spreads, superior trading performance through its app, and robust customer support accessible 24/7, Royal Trading aims to deliver a seamless and secure trading environment for traders worldwide. Additionally, transparent deposit and withdrawal methods further enhance convenience and accessibility for users. However, traders should exercise caution regarding the suspected clone regulation claims associated with the broker's regulatory status, emphasizing the importance of thorough research and vigilance when engaging with such brokers.
FAQs
Q1: Is Royal Trading regulated？
A1: Royal Trading claims to be regulated by the Australia ASIC (license number: 001276870) and the Vanuatu VFSC (license number: 40436), but caution is advised due to suspicions of clone regulation and the offshore nature of the Vanuatu VFSC license.
Q2: What trading instruments does Royal Trading offer？
A2: Royal Trading offers a diverse range of instruments including forex, commodities, indices, stocks, and cryptocurrencies, providing ample trading opportunities across various markets.
Q3: What account types are available on Royal Trading？
A3: Royal Trading offers three account types: ECN Account, High Leverage Account, and Islamic Account, catering to different trading preferences and requirements.
Q4: What is the maximum leverage offered by Royal Trading？
A4: Royal Trading offers a maximum trading leverage of up to 1:1000, allowing traders to control positions that are up to 1000 times the size of their initial investment.
Q5: What deposit and withdrawal methods does Royal Trading support？
A5: Royal Trading supports various deposit methods including online banking transfer, Mastercard, mobile banking transfer, and cryptocurrency payment. Withdrawals can be made via debit card, bank account, or cryptocurrency, with prompt processing times for eligible requests.
2023-02-21 17:04
2022-12-16 11:47
2022-12-06 15:15
