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About WikiFX


    5-10 years
    Regulated in Australia
    Market Making(MM)
    MT4/5 full license


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    The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!

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    Australia Securities & Investment Commission

    Market Making(MM)

    ASIC Regulated

    Cyprus Securities and Exchange Commission

    Straight Through Processing(STP)

    CYSEC Regulated


    • Company Name:

    • Company Abbreviation:

    • Place of registration:

    • Regulatory Status:

    • Customer Service Email Address:

    • Customer Service Phone Number:

      +357 25 080 880
    • Company summary

      BasicInformation&RegulatorsRoyalForexwasfoundedin2006byaneliteteamofexperiencedtradersandfinancialprofessionalsbasedinSydney,Australia,withitstwoglobaltradingentitiesinCyprusandLebanon.ThecompanyiscurrentlyregulatedbytheAustralianSecuritiesandInvestmentsCommission(ASIC),theCyprusSecuritiesandExchangeCommission(CySEC),theLebaneseCapitalMarketsAuthority(CMA),andtheVanuatuFinancialServicesCommission(VFSC).SafetyAnalysisofRoyalForexThecompanyisregulatedbytwomajorregulatorybodies-theAustralianSecuritiesandInvestmentsCommissionandtheCyprusSecuritiesandExchangeCommission,butatthesametime,therearesomeuserswhoreportedthattherearedifficultiesinwithdrawingfunds,investorsshouldtakeintoaccount.MarketInstrumentsofRoyalForexInvestorscantradeForexonthefinancialmarkets,includingmajorandminorcurrencypairs,exoticcurrencypairs,preciousmetalssuchasgoldandsilver,crudeoil,accesstotheworld'slargestandmostactiveindicessuchastheUSWallStreet30andUK100indices,cryptocurrencies,stocks,etc.Leverage&AccountofRoyalForexThebrokerofferstwomaintypesofaccountsforinvestors:ZEROcommissionaccountsandCORErawspreadaccounts.ThesetwotypesofaccountsincludeClassic(depositsfrom$50to$4,999),Premium(depositsfrom$10,000to$49,999)andVIPaccounts(depositsover$50,000).Themaximumleverageis1:400forAustralianregulatedaccountsand1:30forEuropeanregulatedaccounts(leverageavailabletoretailinvestorstradingCFDsislimitedtobetween1:30and1:10).Spreads&CommissionFeesofRoyalForexSpreadsareaslowas1.4pipsforClassicaccounts,1pipforPremiumaccounts,and0.6pipsforVIPaccountsinZeroCommissionaccounts.Spreadsareaslowas0pipsonallaccountsintheoriginalspreadaccount,andcommissionsarechargedat$7perlotonClassicaccounts,$5perlotonPremiumaccounts,and$3.50perlotonVIPaccounts.TradingPlatformAppliedThecompanyofferstradersthepopularMT4tradingplatform,includingMT4Web,MT4Desktop,PC,MT4Mac,MT4Accelerator,andMulti-Terminaltradingplatforms.Deposit&WithdrawalRoyalForexofferstraders14waystodepositandwithdrawfundsfromandtotheiraccountsinupto11basecurrencies.Theminimumdepositis$50.Thesedepositandwithdrawalmethodsincludecredit/debitcards(Visa,MasterCard),wiretransfers,e-wallets(NETELLER,Skrill,fasapay,POLi),checks,cryptocurrencies.UsersdepositingthroughPOLiwillbecharged1%ofeachtransaction,andthecompanycoversotherdepositfees.UserswithdrawingviaVISA,MASTERCARDcredit/debitcardswillbechargedupto2%,withdrawingviae-walletswillbechargedupto2%(withdrawingviafasapaywillbecharged0.5%ofeachtransaction),withdrawingviachequeswillbecoveredbythecompanyandwithdrawingviacryptocurrencieswillbecharged0.2%. About More
    Pyramid scheme complaint

    WikiFX APP!

    Global Forex Broker Regulatory Inquiry APP!

    WikiFX Risk Alerts

    Previous Detection: 2021.07.28 Risk: 1 Item

    • The number of the complaints received by WikiFX have reached 5 for this broker in the past 3 months, please be aware of the risk!

    WikiFX Verification

    • Exhibition Area

    • Survey

    • MT4/5

    • Website

    • Genealogy

    • Clones

    • Keywords

    • Time Machine

    • Score


    • Delivery Index

    • Market Analysis

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    Last Updated Time 2021-07

    User Reviews


    Australia Securities & Investment Commission

    Australia Securities & Investment Commission (ASIC)

    The Australian Securities and Investments Commission (ASIC) is an independent Australian government body that acts as Australia's corporate regulator, which was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. ASIC's authority and scope were determined by the Australian Securities and Investments Commission Act, 2001.

    Cyprus Securities and Exchange Commission

    Cyprus Securities and Exchange Commission (CYSEC)

    The Cyprus Securities and Exchange Commission (CySEC) was established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity. It is an independent public supervisory Authority responsible for the supervision of the investment services market, transactions in transferable securities carried out in the Republic of Cyprus and the collective investment and asset management sector. It also supervises the firms offering administrative services which do not fall under the supervision of ICPAC and the Cyprus Bar Association.

    • Licensed Institution :

      Royal Financial Trading (Cy) Ltd

      Effective Date :

    • Email Address of Licensed Institution :


      License Type:

      No Sharing
    • Website of Licensed Institution :


      Expiry Date :

    • Address of Licensed Institution :

      Level 3 IRIS HOUSE, 8 John Kennedy, 3106 Limassol, Cyprus

      Phone Number of Licensed Institution :

    • Licensed Institution Certified Documents :

      Royal CySEC牌照20190211 View Certified Documents Royal Financial Trading CySEC监管信息截图20200328 View Certified Documents ROYAL CYSEC牌照191205 View Certified Documents

    Royal · MT4/5

    Identification Result

      Royal · Website

      Most visited countries/areas

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          Royal· Genealogy

          Royal · Clones

          Royal · Market Analysis

          The data are from WIKI Research    2021.07.28 updated

          WikiFX prompts you

          This broker's score is relatively low.

          Please choose wisely! Please avoid unnecessary loss

          Royal · Survey×




          Alternate Text

          Data Sources WikiResearch 2021.07.28 Update


          Data Sources WikiResearch 2021.07.28 Update

          Royal · Chart

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          Rank by user activity which is calculated by the number of customers with trading operations of the broker within the stat period
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          富拓 · 外链汇总

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          Alternate Text

          Data Sources WikiResearch 2021.07.28 Update

          WikiFX·pyramid scheme complaint
          1  Know about pyramid scheme  >
          2  Pyramid scheme complaint   >
          3  Done
          1. What is pyramid scheme complaint?
          With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
          2. 10 Features of Pyramid Scheme
          High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
          Report immediately
          Report This Platform
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          You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'

          Royal · Company summary

            Basic Information & Regulators

            Royal Forex was founded in 2006 by an elite team of experienced traders and financial professionals based in Sydney, Australia, with its two global trading entities in Cyprus and Lebanon. The company is currently regulated by the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), the Lebanese Capital Markets Authority (CMA), and the Vanuatu Financial Services Commission (VFSC).

            Safety Analysis of Royal Forex

            The company is regulated by two major regulatory bodies - the Australian Securities and Investments Commission and the Cyprus Securities and Exchange Commission, but at the same time, there are some users who reported that there are difficulties in withdrawing funds, investors should take into account.

            Market Instruments of Royal Forex

            Investors can trade Forex on the financial markets, including major and minor currency pairs, exotic currency pairs, precious metals such as gold and silver, crude oil, access to the world's largest and most active indices such as the US Wall Street 30 and UK 100 indices, cryptocurrencies, stocks, etc.

            Leverage & Account of Royal Forex

            The broker offers two main types of accounts for investors: ZERO commission accounts and CORE raw spread accounts. These two types of accounts include Classic (deposits from $50 to $4,999), Premium(deposits from $10,000 to $49,999) and VIP accounts(deposits over $50,000). The maximum leverage is 1:400 for Australian regulated accounts and 1:30 for European regulated accounts (leverage available to retail investors trading CFDs is limited to between 1:30 and 1:10).

            Spreads & Commission Fees of Royal Forex

            Spreads are as low as 1.4 pips for Classic accounts, 1 pip for Premium accounts, and 0.6 pips for VIP accounts in Zero Commission accounts. Spreads are as low as 0 pips on all accounts in the original spread account, and commissions are charged at $7 per lot on Classic accounts, $5 per lot on Premium accounts, and $3.50 per lot on VIP accounts.

            Trading Platform Applied

            The company offers traders the popular MT4 trading platform, including MT4 Web, MT4 Desktop, PC, MT4 Mac, MT4 Accelerator, and Multi-Terminal trading platforms.

            Deposit & Withdrawal

            Royal Forex offers traders 14 ways to deposit and withdraw funds from and to their accounts in up to 11 base currencies. The minimum deposit is $50.These deposit and withdrawal methods include credit/debit cards (Visa, MasterCard), wire transfers, e-wallets (NETELLER, Skrill, fasapay, POLi), checks, cryptocurrencies. Users depositing through POLi will be charged 1% of each transaction, and the company covers other deposit fees. Users withdrawing via VISA, MASTERCARD credit/debit cards will be charged up to 2%, withdrawing via e-wallets will be charged up to 2% (withdrawing via fasapay will be charged 0.5% of each transaction), withdrawing via cheques will be covered by the company and withdrawing via cryptocurrencies will be charged 0.2%.

          Risk Warning

          The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

          Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

          Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

          Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.