Score

1.13 /10
Danger

Royal Camel

United Kingdom

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Quantity 1

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index4.09

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

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

Single Core

1G

40G

open now

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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
Expose
Royal Camel · Company summary
Royal Camel Review Summary
Founded2024
Registered Country/RegionUnited Kingdom
RegulationUnregulated
Market InstrumentsForex, indices, commodities, CFDs and ETFs
Demo Account
Leverage/
EUR/ USD Spread/
Trading PlatformsSirix Trader
Minimum Deposit$200
Customer Support/

In Royal Camel, you can engage as a trader in the major markets across Europe, Asia, the United States, and Latin America, investing in diverse assets including stocks, indices, bonds, and more. But as of now, it has no regulation.

Royal Camel's homepage

Pros and Cons

ProsCons
Diverse trading productsNo regulation
High minimum deposits
A newly established company with limited experience
No contact channels provided

Is Royal Camel Legit?

Royal Camel operates their business under regulated situation. Besides, it was registered on 2024-03-12. Its current status is clientDeleteProhibited, clientRenewProhibited, clientTransferProhibited, and clientUpdateProhibited, which means that the domain is restricted from deletion, renewal, transfer, and updates by the client.

Domain information

What Can I Trade on Royal Camel?

Royal Camel supports more than 3000 instruments including forex, indices, commodities, CFDs and ETFs.

Tradable InstrumentsSupported
Forex
Commodities
Indices
Cryptocurrencies
Shares
ETFs
CFDs
Mutual Funds

Account Type

In Royal Camel, you can choose three types of live accounts: the Classical, Silver and Gold accounts. But it is notable that they require the minimum deposits of $200, $1000, and $25,000 respectively, which are rather high compared with other brokers.

Account comparison

Trading Platform

Royal Camel offers Sirix Trader trading platform. Traders can utilize the options menu to perform various actions, including locating assets to invest in, controlling operations, monitoring trades, reviewing history, managing open positions, displaying graphs with different indicators, and accessing trading signals.

Sirix Trader

The Bottom Line

In conclusion, Royal Came is a newly established forex broker offering many variety of trading products. But it is not suitable for novices because it is not regulated and require high minimum deposits.

FAQs

Is Royal Camel safe?

No. It is not regulated well.

Is Royal Camel a good for beginners?

It does not offer a standard trading platform like MT4 or demo accounts to help users familiarize themselves with trading conditions.

Is Royal Camel good for day trading?

No.

At Royal Camel, are there any regional restrictions for traders?

No.

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