Royal Trades

Note: Royal Trades is to operate via the website - https://royal-trades.com/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Royal Trades is allegedly a forex broker registered in the United Kingdom that claims to provide its clients with flexible leverage up to 1:1000 and floating spreads from 0.8 pips on the MT4 and Webtrader trading platforms via four different live account types. Here is the home page of this brokers official site:

As for regulation, it has been verified that Royal Trades currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.32/10. Please be aware of the risk.

Market Instruments

Royal Trades advertises that it is a forex broker that mainly offers forex currency pairs trading. However, more specific information about tradable assets cannot be found on the Internet.

Account Types

Royal Trades claims to offer four types of trading accounts - Standard, Gold, Premium and Platinum, with minimum initial deposit requirements of €1,000, €5,000, €10,000 and €25,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

Leverage

The leverage provided by Royal Trades is adjusted based on the account type. For example, clients on the Standard, Gold and Premium accounts can enjoy the maximum leverage of 1:1000, while the Platinum account can experience a leverage of 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads

All spreads with Royal Trades are a floating type and scaled with the accounts offered. Specifically, the spread starts from 1.8 pips on the Standard account, from 1.6 pips on the Gold account, from 1.2 pips on the Premium account and 0.8 pips on the Platinum account. However, as tested on its platform, the EUR/USD spread is 3 pips, while the industry average is only 1.5 pips.

Trading Platform Available

The platform available for trading at Royal Trades is one of the most notable and preferred trading platforms the market offers - MetaTrader4 and Webtrader. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT4 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.

Deposit & Withdrawal

The funding methods available at Royal Trades are Credit/Debit cards, Fluterware, Interkassa, OAcquiring, MPSPay and Crypto converter. The minimum initial deposit requirement is extremely high - up to €1,000.

Bonuses

Royal Trades claims to offer bonuses of 50% on the deposit for each account opened. In any case, you should be very cautious if you receive a bonus. Bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Note that brokers are prohibited from using bonuses and promotions by all leading regulators.

Customer Support

Royal Trades customer support can be reached by telephone: +44 2030976438, email: support@royal-trades.com. Company address: 30 St. Mary Axe, London Great Britain, United Kingdom Postcode EC3A 8BF.

Pros & Cons

Frequently Asked Questions (FAQs)