Score
Hong Kong
|
2-5 years
| https://www.royal-tradingcorp.com/
Website
Rating Index
Hong Kong
royal-tradingcorp.com Singapore
VIP is not activated.
| ROYAL TRADINGReview Summary | |
| Founded | 2020-03-05 |
| Registered Country/Region | Hong Kong |
| Regulation | Suspicious Clone |
| Market Instruments | Forex, Commodity, Indices, Stocks, and Cryptocurrencies |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | From 0.6 pip(On All Majors) |
| Trading Platform | MT5(iOS, Android, and Web) |
| Min Deposit | $20 |
| Customer Support | Phone: +852 81209280 |
| Email:cs@royal-tradingcorp.cominfo@royal-tradingcorp.com | |
| Live Chat | |
ROYAL TRADING is a broker providing various tradable instruments, including forex, commodities, indices, stocks, and cryptocurrencies. Thebroker has different account types with a maximum leverage of 1:1000, such as ECN, High Leverage, and Islamic. The minimum spread is 0.6 pip and the minimum deposit is $20. ROYAL TRADING is still risky due to its Suspicious Clone status, high leverage, and bad reviews about difficulty withdrawing money.
| Pros | Cons |
| Leverage up to 1:1000 | Suspicious Clone |
| Spread from 0.6 pip | Bad reviews: Difficult to withdraw money |
| MT5 available | |
| Demo account available | |
| Various tradable instruments: forex, commodity, indices, etc. |
Regulated brokers are safer than unregulated brokers, but risks are inevitable. ROYAL TRADING is unsafe with Suspicious Clone, even though the broker claims to be regulated by ASIC and VFSC. In addition, some ROYAL TRADING traders said that it is difficult to withdraw funds.
ROYAL TRADING provides forex, commodities, indices, stocks, and cryptocurrencies.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
ROYAL TRADING provides three types of accounts: ECN, High Leverage, and Islamic Account. Traders with less than $1000 can choose a High Leverage account, which offers leverage up to 1:1000 and spreads starting from 1.0 pip. Investors who prefer low leverage and tight spreads can choose ECN and Islamic Account.
| Account Type | ECN | High Leverage | Islamic |
| Leverage | 1:100/1:200 | 1:1000 | 1:100/1:200 |
| Minimum Deposit | $50 | $50 | $50 |
| Negative Balance Protection | Yes | Yes | Yes |
| Spread On All Majors | As low as 0.6 pip | As low as 1.0 pip | As low as 0.6 pip |
| Commission | No | No | Yes |
| Overnight interest | Charge or pay | Charge or pay | None |
The spread is from 0.6 pip and the commission is free. ROYAL TRADING charges swap fees.
Overnight Interest = Settlement Price x Contract Size x Lot Size (Long /Short) x Days x Overnight Interest Rate (Long /Short) ÷ 360
The maximum leverage is 1:1000, which means that profits and losses are magnified 1000 times.
ROYAL TRADING has an authoritative MT5 trading platform and traders can choose different versions, such as iOS, Android, and Web to trade. Compared with MT4, experienced traders prefer MT5.
| Trading Platform | Supported | Available Devices |
| MT5 | ✔ | iOS, Android, and Web |
The minimum deposit is $20. ROYAL TRADING charges investors withdrawal fees starting at 0 and provides multiple deposit and withdrawal methods, including Debit Cards, Bank Accounts, and Cryptocurrency.
ROYAL TRADING provides 24/7 support and traders can contact via phone, email, and live chat.
| Contact Options | Details |
| Phone | +852 81209280 |
| cs@royal-tradingcorp.cominfo@royal-tradingcorp.com | |
| Live Chat | ✔ |
| Supported Language | English |
| Website Language | English |
| Physical Address | 3rd Floor Ellen Skelton Building 3076 Sir Francis Drake Highway Road Town, Tortola British Virgin Islands VG1110. |
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