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ROYAL TRADING -

Score

1.40 /10
Danger

ROYAL TRADING

Hong Kong

2-5 years

Suspicious Regulatory License

High potential risk

https://www.royal-tradingcorp.com

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Score

Regulatory Index0.00

Business Index6.13

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

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40G

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Broker Information

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Company Name

ROYAL TRADING CORP LIMITED

Company Abbreviation

ROYAL TRADING

Platform registered country and region

Hong Kong

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 4
Previous Detection : 2024-11-12
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The VanuatuVFSC regulation (license number: 40436) claimed by this broker is suspected to be clone. Please be aware of the risk!

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ROYAL TRADING · Company summary
ROYAL TRADINGReview Summary
Founded2020-03-05
Registered Country/RegionHong Kong
RegulationSuspicious Clone
Market InstrumentsForex, Commodity, Indices, Stocks, and Cryptocurrencies
Demo Account✅
LeverageUp to 1:1000
SpreadFrom 0.6 pip(On All Majors)
Trading PlatformMT5(iOS, Android, and Web)
Min Deposit$20
Customer SupportPhone: +852 81209280
Email:cs@royal-tradingcorp.cominfo@royal-tradingcorp.com
Live Chat

ROYAL TRADING Information

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.

ROYAL TRADING Information

Pros and Cons

Pros Cons
Leverage up to 1:1000Suspicious Clone
Spread from 0.6 pipBad reviews: Difficult to withdraw money
MT5 available
Demo account available
Various tradable instruments: forex, commodity, indices, etc.

Is ROYAL TRADING Legit?

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.

Is ROYAL TRADING Legit?
Is ROYAL TRADING Legit?
Is ROYAL TRADING Legit?
Is ROYAL TRADING Legit?

What Can I Trade on ROYAL TRADING?

ROYAL TRADING provides forex, commodities, indices, stocks, and cryptocurrencies.

Tradable Instruments Supported
Forex✔
Commodities✔
Indices✔
Stocks✔
Cryptocurrencies✔
Bonds❌
Mutual Funds❌
What Can I Trade on ROYAL TRADING?

Account Type

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 ECNHigh LeverageIslamic
Leverage1:100/1:2001:10001:100/1:200
Minimum Deposit$50$50$50
Negative Balance ProtectionYesYesYes
Spread On All MajorsAs low as 0.6 pipAs low as 1.0 pipAs low as 0.6 pip
CommissionNoNoYes
Overnight interestCharge or payCharge or payNone
Account Type
Account Type

ROYAL TRADING Fees

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

ROYAL TRADING Fees

Leverage

The maximum leverage is 1:1000, which means that profits and losses are magnified 1000 times.

Trading Platform

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 PlatformSupported Available Devices
MT5✔iOS, Android, and Web
Trading Platform

Deposit and Withdrawal

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.

Deposit and Withdrawal
Deposit and Withdrawal
Deposit and Withdrawal

Customer Support Options

ROYAL TRADING provides 24/7 support and traders can contact via phone, email, and live chat.

Contact Options Details
Phone +852 81209280
Email 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.
Customer Support Options
Customer Support Options

User Reviews

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User comment

3

Comments

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颜大丁
more than one year
I had a successful withdrawal in January. But now I had requested a withdrawal for the last 5 days but it has not been processed to date. I tried to contact the consultants but they don’t even reply.
I had a successful withdrawal in January. But now I had requested a withdrawal for the last 5 days but it has not been processed to date. I tried to contact the consultants but they don’t even reply.
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2023-02-21 17:04
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FX1164874162
more than one year
Yes, $50 to open an account is very simple and easy, but I have to tell you guy, it is extremely difficult when you want to withdrawal your money, accurately, impossible. Beware, guys, don’t get started with it easily!
Yes, $50 to open an account is very simple and easy, but I have to tell you guy, it is extremely difficult when you want to withdrawal your money, accurately, impossible. Beware, guys, don’t get started with it easily!
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2022-12-16 11:47
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