Independent Review – OneRoyal
http://www.oneroyal.com/ Founded in 2006 Headquarters in Australia Open Demo Account Open Live Account BEGIN item
Important Notice: It has come to our attention that there is a Hong Kong based scam broker posing as Royal. Royal’s ONLY and OFFICIAL domain is https://oneroyal.com/.
ContentsIntroRegulationsAccount typesFeesTrading PlatformsAssetsEducationSupportRating
OneRoyal, owned and operated by Royal Financial Trading Ltd, operates as a multi-regulated CFD and forex trading brokerage formerly known as RFXT.com.
Rendering a zero-commission and raw-spread trading atmosphere, OneRoyal provides retail and institutional-based trading in addition to social copy trading.
Functioning as a competitively regulated investment broker, OneRoyal’s platform supports 6 languages, 7 retail trading accounts, 4 cryptocurrency trading pairs, and investment-centered trading resources such as an educational learning hub, technical indicators, and more.
OneRoyal has four active corporate entities for regulatory oversight.
Regulated by the Cyprus Securities and Exchange Commission, Royal Financial Trading (CY) Ltd is licensed under number 312/16 and is in Limassol, Cyprus.
Royal Financials SAL is headquartered from Beirut, Lebanon under license number 15 and is regulated by the Lebanese Capital Market Authority (CMA).
Based out of Sydney, Australia, Royal Financial Trading Pty LTD is licensed and regulated by the Australian Securities and Investments Commission under license number AFSL 420168.
Royal CM Limited is regulated by VFSC (Vanuatu) under license number 700284.
Royal ETP LLC is registered in Saint Vincent and the Grenadines under company number 149LLC2019.
Available in multiple jurisdictions, OneRoyal supports the following 7 languages:
Diversity is at the helm of OneRoyal for varying trading accounts.
Types of trading accounts include individual, joint, corporate, trust, and demo accounts.
From there, live trading accounts are differentiated upon zero-commission or zero-spread accounts.
Depending upon which account tier an investor enrolls with (Classic, Premium, or VIP), deposit minimums range between $50 to $100,000 while trading accounts are incentivized to offer higher-deposit traders more advantages such as decreased pip spreads, cheaper commissions, and additional trading resources.Also, deposits through BTC and ETH are available.
Currently, 14 supported payment venues are provided which include Visa, MasterCard, bank wires along with e-wallet providers such as Neteller, Skrill, FasaPay, POLi, NganLuong.vn, GlobePay, Perfect Money, OMT, Trustly, PayTrust88 and Union Pay.
To add, investor funds are segregated by the regulatory statutes of their jurisdiction.
Fees and Costs
Traders enrolled with zero-spread core trading accounts have commissions that range from $3.50, $5.00, or $7.00 per trade which are determined by their account tier.
Incoming OneRoyal deposit fees that stem from credit and debit card deposits along with eWallets are covered at the expense of OneRoyal.
Retail traders have access to the MetaTrader4 platform while money managers and institutional traders can use MetaTrader4, MT4 MultiTerminal, and MetaFX.
For retail traders using the MT4 platform, there are over 50 platform integrations from analytical and technical indicators that can be implemented into the charting solution while all electronic devices capable of sustaining a consistent internet connection are compatible with OneRoyal.
Social copy trading is also available through both the MyFXBook and ZuluTrade platforms.
Maximum leverage reaches as high as 1:500 while the minimum trade size is 0.01.
Leverage offered to retail investors trading CFDs with Royal’s Cyprus entity – Royal Financial Trading (Cy) Ltd – is limited between 1:30 and 1:10. (this is since there is the AU and CY entities)
Residents that are based out of the United States, North Korea, Iran, and Japan are prohibited from using OneRoyal.
OneRoyal supports over 60 currency pairs, 4 cryptocurrency pairs, and a broad range of contracts-for-differences that include shares, indices, commodities, and metals.
OneRoyal provides a greater scope of investment tools and resources than many CFD brokers.
In addition to supporting an insightful educational library, OneRoyal also features a premier trading hub coined ‘Trading Central,’ the Dow Jones Newswire, VPS Hosting, and the MetaTrader4 Accelerator pack for increased platform functionality and versatility.
Social copy trading is accessible through either the ZuluTrade or MyFXBook platforms while there is a comprehensive forex trading FAQ that provides clear-cut answers to some of the most addressed trading questions ranging from pips, leverage, and forex fundamentals.
Education and Training
Complimentary to OneRoyal’s FAQ page, OneRoyal also supports an intuitive educational forex series known as The Roy and AI Show along with Trader’s Fix, a forex trading masterclass supported through OneRoyal.
Live chat, email, telephone, and social platform support is available to traders.
Phone: +1 (888) 705-9006
Facebook Messenger: https://www.messenger.com/t/TradeWithRoyal
WhatsApp is also supported while Royal disclosed physical address is Level 7, 1 York Street, Sydney, NSW 200, Australia.
The Bottom Line
Regulated by three financial authorities, OneRoyal platform is geared to accommodate both novice and professional traders through social copy trading and high-powered platforms such as MetaFX.
Coupled with industry-leading customer support and platform-friendliness, OneRoyal will likely continue to cultivate a growing investor base in the years to follow.
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