General Information & Regulation
Royality FX, a trading name of Royality Finance Limited (UK), is allegedly a suspicious regulated forex broker registered in the UK that claims to provide its clients with a wide variety of tradable assets with flexible leverage up to 1:500 and variable spreads from 0.7 pips with no commissions on the industry-standard MetaTrader5 trading platform, as well as a choice of three different live account types and 24/5 customer support service. Note that the service is not available for US and Japan Residents.
Market Instruments
Royality FX advertises that it offers a wide range of trading instruments in financial markets, including currencies, indices, stocks, commodities, metals and cryptocurrencies.
Account Types
There are three live trading accounts offered by Royality FX, namely Standard, ECN and Professional. Opening a Standard account requires the minimum initial deposit amount of $1,000, while the other two account types have much higher minimum initial capital requirements of $5,000 and $25,000 respectively. The broker also offers Islamic (0 swap) accounts.
Leverage
Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Standard account can enjoy the maximum leverage of 1:500, while the ECN and Professional can experience leverage of 1:300 and 1:100 separately.
Spreads & Commissions
As Royality FXs official site displays, different account types can experience different spreads. In particular, the spread for the Standard account starts from 1.5 pips, while the clients on the ECN account can experience spreads from 1.0 pip and the Professional account can enjoy the lowest spreads from 0.7 pips. All charging no commissions.
Trading Platform Available
The platform available for trading at Royality FX is the worlds most trusted and popular MetaTrader5 trading platform, available on desktop (Windows, Mac OS), mobile (iOS, Android) and the Web. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
From the logos shown at the foot of the home page on Royality FXs official website, we found that this broker seems to accept numerous means of deposit and withdrawal choices, consisting of Neteller, Visa, MasterCard, Payeer, Perfect Money and Bitcoin. The minimum deposit requirement is $100 while there is no maximum deposit amount limit. As for the processing time of deposit and withdrawal requests, the broker says to process within 2-4 working days.
Customer Support
Royality FXs customer support can be reached by telephone: +44 2080895166, email: contact@royalityforex.com, live chat or send messages online to get in touch. Besides, you can also follow this broker on some social media platforms such as Twitter, Facebook, Instagram and LinkedIn. Company address: Kemp House, 160 City Road, London, EC IV 2NX ( U.K ).
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