What is OneRoyal？
OneRoyal is an Australian-based company with a history spanning 10-15 years, offering trading services in the financial sector. They operate in multiple locations, including offices in Florida, U.S.A., Sydney, Australia, and Kingstown, St. Vincent & the Grenadines. The company is regulated by ASIC, CYSEC, and VFSC, instilling confidence in its compliance with industry standards. OneRoyal provides a range of tradable assets, encompassing FX Majors, FX Minors, Metals, Indices, Oil, Cryptocurrencies, Shares, and ETFs.
They offer various account types, with differing minimum deposit requirements and associated commission and spread rates. Traders can access their services through popular trading platforms such as MT4, MT5, Webtrader, and Multi Terminal, supported by a selection of customer support channels, including WhatsApp, Facebook Messenger, Live Chat, and phone. Additionally, OneRoyal offers educational resources through YouTube, the Roy and AL Show, the Knowledge Hub, and webinars to assist traders in their endeavors.
Is OneRoyal legit？
OneRoyal is subject to regulation by three reputable financial regulatory authorities: ASIC, CYSEC, and VFSC. These regulatory bodies oversee and monitor the company's operations to ensure compliance with established industry standards and guidelines.
OneRoyal holds an Institution Forex License issued by the Australia Securities & Investment Commission (ASIC). This license, bearing the number 420268, authorizes OneRoyal to operate within the financial sector. The Institution Forex License allows the company to conduct its financial activities within the defined scope of regulatory compliance.
OneRoyal holds a Straight Through Processing (STP) license issued by the Cyprus Securities and Exchange Commission (CYSEC). The specific license number is 312/16. This authorization enables OneRoyal to engage in financial activities under the regulatory framework established by CYSEC, allowing the company to operate within the financial sector while adhering to the stipulations of the STP license.
OneRoyal operates under a Retail Forex License granted by the Vanuatu Financial Services Commission (VFSC) as an Offshore Regulatory. It is essential to note that offshore licenses like the VFSC Retail Forex License may not carry the same level of oversight and protection as licenses from more established regulatory bodies. Traders and investors should be aware of the associated risks, which may include limited recourse in case of disputes, potential exposure to unscrupulous entities, and varying degrees of regulatory scrutiny.
The specific license number is 700284. This regulatory authorization allows OneRoyal to engage in retail forex trading and related financial activities within the jurisdiction of Vanuatu, as stipulated by the terms and conditions outlined in the Retail Forex License.
Pros and Cons
Market Instruments
OneRoyal provides access to a variety of market instruments, each falling into distinct categories:
Forex: This category allows traders to engage in the trading of major currency pairs, encompassing some of the most actively traded currencies in the foreign exchange market. OneRoyal also offers a selection of minor currency pairs, providing trading opportunities with lesser-known currencies, thus expanding the range of forex options available to traders.
Metals: Traders interested in precious metals can access this category, which includes the trading of commodities such as gold and silver.
Indices: OneRoyal extends its offerings to stock market indices, enabling traders to explore and invest in a diverse range of global indices.
Oil: In this category, traders can participate in the energy commodities market, including trading opportunities related to oil.
Cryptocurrencies: OneRoyal provides access to the world of digital assets, allowing clients to trade various cryptocurrencies.
Shares: For traders seeking to diversify their portfolios, OneRoyal offers the opportunity to trade individual company shares.
ETFs: OneRoyal also includes Exchange-Traded Funds (ETFs) in its offerings, allowing traders to invest in diversified portfolios of assets.
The following table compares OneRoyal's market instruments with those of competing brokerages:
Account Types
OneRoyal offers four distinct account types tailored to different trading styles and preference：Classic, ECN, VIP and ECN Elite. The Classic account, with a $50 minimum deposit, features spreads as low as 1.4 pips and no commission. The ECN account, also starting at $50, provides raw spreads from 0.0 pips with a $7 commission per 100k round turn. For high-volume traders, the VIP account requires a $10,000 minimum deposit and offers spreads from 0.4 pips. The ECN Elite account, also with a $10,000 minimum, combines 0.0 pip spreads with a reduced commission of $3.50 per 100k round turn. All accounts offer high leverage up to 1:1000, a low minimum lot size of 0.01, and access to MT4/MT5 platforms, WebTrader, and Multi Terminal. Accounts are available in USD, EUR, GBP, and PLN, catering to a diverse international clientele.
Demo Account
OneRoyal provides traders with the valuable option of a Demo Account, a tool designed to offer a risk-free environment for individuals to familiarize themselves with the trading platform and hone their trading skills. A Demo Account operates with virtual funds, allowing users to engage in simulated trades without risking their actual capital. Traders can experience real-time market conditions and practice various trading strategies within this virtual setting. It serves as an invaluable resource for both novice and experienced traders. Two notable benefits of utilizing a Demo Account are risk mitigation and skill development.
How to open an account？
To start the process, navigate to the “Sign Up” button at the top right of the OneRoyal official page.
From that point, the user will be forwarded to the initial account information page, where the user will be prompted to fill out personal information including full name, E-mail and phone number.
After agreeing to the Privacy Policy, press the Open Account button to finish the account creation process.
From this point, the user has the option to customize the account and use educational content that is provided by OneRoyal.
Leverage
OneRoyal offers leverage in form of dynamic and static Leverage. It's important to note the distinction between dynamic and static leverages. Dynamic leverages, as offered for FX Majors, FX Minors, Metals, Indices, and Oil, can vary depending on market conditions and volatility. Traders may experience fluctuations in leverage as market dynamics change. On the other hand, static leverages, applicable to Cryptocurrencies, Shares, and ETFs, typically feature fixed leverage ratios. These ratios remain constant, regardless of market conditions.
OneRoyal offers a range of leverage options, depending on the category of market instruments being traded. For Dynamic Leverages, traders can access leverage ratios of up to 1:1000 when trading FX Majors and 1:500 when trading FX Minors and Metals. In the case of Indices, the maximum leverage offered is 1:200, while for Oil, it is set at 1:50.
Spread and Commission
OneRoyal caters to different trading styles through their account structure. Classic accounts offer commission-free trades but have wider spreads, starting from 1.4 pips. For tighter spreads, ECN and VIP accounts are preferable, with minimums of $50 and $10,000 respectively. These ECN-based accounts come with commissions, though; $7 per 100k round trip for ECN and $3.50 for VIP. Ultimately, the best choice depends on your trading frequency. If you make less frequent trades, wider spreads with commission-free accounts might be ideal. However, active traders seeking tighter spreads might find the commission costs of ECN and VIP accounts worthwhile.
Promotions
OneRoyal offers an attractive 100% deposit bonus promotion for Classic and ECN Accounts on both MT4 and MT5 platforms. The bonus applies to initial deposits ranging from 100 to 5,000 in the account's base currency, with a maximum bonus capped at 5,000. The promotion features a dynamic leverage and a liquidation level set at equity equaling the granted credit. To take advantage of this offer, investors must opt in during the promotional period, which runs from January 2 to December 31, 2024.
Trading Platforms
For traders, three platform choices are on offer: MetaTrader 4, MetaTrader 5, MT4 Accelerator
MT4 (MetaTrader 4): OneRoyal provides access to the widely acclaimed MT4 platform. It offers a user-friendly interface, a plethora of technical analysis tools, customizable charts, and automated trading capabilities through expert advisors (EAs).
MT5 (MetaTrader 5): OneRoyal also offers the advanced MT5 platform, which builds upon MT4's features by offering additional timeframes, technical indicators, and an economic calendar. It provides traders with expanded capabilities for analysis and execution.
MT4 Accelerator offers a suite of advanced tools to enhance trading. It includes Correlation Trader for market differences, Session Map for global timing, Connect for customized news, Market Manager for organization, Mini Terminal for compact execution, Stealth Orders for discreet trading, Tick Chart Trader for rapid analysis, Trade Terminal for advanced features, and Excel RTD for data interaction. These tools provide traders with versatile resources to improve strategy and efficiency on the MT4 platform.
Besides, OneRoyal offers two key platforms for money managers: MetaFX and Multiterminal.
MetaFX targetsexperienced traders seeking ultimate control over their managed accounts. This feature boasts real-time benefits, allowing you to monitor equity, P&L, and open positions across all your accounts from a single interface. Instant allocation parameter changes and group order execution offer flexibility and efficiency. Additionally, the ability to generate historical reports and calculate commissions ensures transparency.
Multiterminal platform enables efficient management of up to 128 live accounts simultaneously. It offers one-click execution, full account history, and five volume-distribution methods for placing orders. With a user-friendly interface similar to MT4, it provides a familiar trading environment. This tool is tailored for money managers and professional traders who need to execute strategies consistently across multiple accounts.
Trading Tools
OneRoyal offers a comprehensive suite of trading tools. At the core are AI-powered tools including Signlx, Assets IQ, Action News, The Calendar, Market Scanner, and Daily Intel, which provide data-driven insights and personalized recommendations based on vast amounts of market data and news. The MT4 Accelerator and VPS Hosting services ensure smooth and uninterrupted trading experiences. For practical analysis, the broker provides a set of Forex Calculators including Currency Convertor, Margin Calculator, Pip Calculator, and Profit Calculator. These tools collectively streamline the trading workflow, offering intuitive features and automated functionalities for both novice and experienced traders.
Copy Trading
OneRoyal enhances its trading ecosystem with HokoCloud, a social trading feature. This platform allows traders to tap into the expertise of top-performing traders by discovering and copying their successful strategies. HokoCloud integrates with the MT4 trading platform, offering users a familiar environment to execute copied trades. The system boasts impressive reliability with 100% uptime and blazing fast execution speeds, ensuring that copied trades are implemented swiftly and accurately. By opening a HokoCloud account through OneRoyal, traders gain access to a diverse pool of strategies, making it an ideal solution for those looking to diversify their trading approach or learn from experienced traders.
Deposit & Withdrawal
OneRoyal offers 14 deposit options to cater to its global clientele. With a minimum deposit of $50, traders can easily fund their accounts using any of the 14 payment providers supported by the broker. More importantly, OneRoyal also accommodates 11 base currencies, allowing traders to operate in their preferred currency and avoid unnecessary conversion fees. Notably, international transfers may incur additional fees, including intermediary bank charges, which are separate from OneRoyal's fees and are the client's responsibility. Besides, currency conversions for transfers to accounts with a different base currency incur a fee of up to 3%, in addition to standard transaction fees.
Deposit
Withdrawal
Educational Resources
OneRoyal offers a variety of educational content types, including YouTube videos available at the provided link, an informative talk show, a Knowledge Hub, webinars, and a Demo Account, to support traders in gaining knowledge and experience in the financial markets.
Youtube: OneRoyal provides educational content through its YouTube channel, offering informative videos available at the provided link, covering various aspects of trading and market analysis.
Link: https://www.youtube.com/channel/UCGzU-VLC7ml-528leQVqMEA？cbrd=1
Roy and AL Show (Informative talk show): The “Roy and AL Show” is a talk show format that delivers informative discussions on trading-related topics, providing traders with valuable insights and perspectives.
Knowledge Hub: OneRoyal offers a Knowledge Hub where traders can access information on demand, likely including articles, guides, or resources aimed at enhancing their trading knowledge.
Webinars (Internet Lessons to Ask Questions): Traders can participate in webinars, which serve as internet lessons where they can acquire knowledge and have the opportunity to ask questions and engage in discussions.
Demo Account (No Cost Virtual Environment Trading): OneRoyal offers a Demo Account, providing traders with a risk-free virtual environment for practicing and refining their trading skills without incurring real financial losses.
Customer Support
OneRoyal offers multiple customer support options, including WhatsApp, Facebook Messenger, live chat, multiple phone numbers, and email communication to ensure clients have various channels for assistance and inquiries.
WhatsApp: Clients can reach out to OneRoyal's customer support team via WhatsApp using the number 19545526898.
Facebook Messenger: For inquiries and assistance, clients can connect with OneRoyal through Facebook Messenger using the official page: OneRoyalOfficial.
Live Chat: OneRoyal offers a live chat feature on its website, providing real-time assistance to clients navigating trading-related queries directly on the platform.
Phone: OneRoyal offers several English-speaking phone numbers for clients to contact the customer support team:
+61 2 8284 5100 (Australia)
+357 25 080 880 (Cyprus)
+961 1 975 275 (Lebanon)
+1 888 705 9006 (USA/Vanuatu)
+1 844 885 3159 (St. Vincent & Grenadine)
+234 09035755510 (Nigeria)
Email: For formal communication, clients can send inquiries and requests to the company's designated email address: support@oneroyal.com.
Community Support
OneRoyal provides community support through active engagement on Twitter, Facebook, Instagram, and LinkedIn, allowing traders and clients to connect, access information, and participate in discussions within the trading community using the full hyperlinks provided.
Twitter: OneRoyal maintains an active presence on Twitter, providing clients with updates, news, and the latest developments. Traders can access the company's Twitter account at https://twitter.com/OneRoyalEN.
Facebook: The company also engages with its community on Facebook, offering a platform for discussions and updates. Clients can follow OneRoyal on Facebook at https://www.facebook.com/OneRoyalOfficial.
Instagram: OneRoyal shares insights and visual content on Instagram, enhancing engagement with its community. Clients can connect with OneRoyal on Instagram at https://www.instagram.com/oneroyalofficial/.
LinkedIn: OneRoyal maintains a professional presence on LinkedIn, where traders can access informative updates and connect with the company. Clients can follow OneRoyal on LinkedIn at https://www.linkedin.com/company/oneroyalofficial/.
These community support options through various social media platforms ensure that clients have multiple channels for staying informed, engaging in discussions, and connecting with OneRoyal's trading community using the provided hyperlinks.
Conclusion
Overall, OneRoyal casts a wide net, aiming to be a haven for traders of all experience levels. Beginners can benefit from demo accounts, educational resources, and a potentially helpful social media community. Intermediate traders will find flexibility in account types, leverage options, and popular platforms like MT4/MT5 to hone their strategies. Seasoned veterans are enticed by competitive spreads and the powerful MetaFX tool for managing multiple accounts. While social media integration might not suit everyone, and the effectiveness of specific educational resources would require further evaluation, OneRoyal appears well-suited for most traders who prioritize a regulated broker with a focus on transparency and client support.
FAQs
Is OneRoyal suitable for beginner traders？
Yes, OneRoyal caters to beginners with its Classic account offering low minimum deposits, educational resources, and user-friendly platforms like MT4 and MT5.
What unique features does OneRoyal offer？
OneRoyal stands out with its HokoCloud social trading feature, AI-powered trading tools, and the MT4 Accelerator suite for enhanced trading capabilities.
How does OneRoyal support professional traders and money managers？
OneRoyal provides specialized platforms like MetaFX and Multiterminal, along with ECN and VIP accounts offering tight spreads and lower commissions for high-volume trading.
Can I use expert advisors (EAs) or automated trading strategies with OneRoyal？
Yes, OneRoyal supports automated trading through its MT4 and MT5 platforms, and offers VPS hosting for uninterrupted EA operation.
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.
2024-07-24 19:05
2024-07-19 16:34
