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Royal Forex -

Score

2.69 /10
Danger

Royal Forex

Cyprus

5-10 years

Regulated in Cyprus

Straight Through Processing(STP)

Suspicious Scope of Business

High potential risk

https://www.royalforex.com

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Score

Regulatory Index4.29

Business Index7.96

Risk Management Index0.00

Software Index4.00

License Index1.76

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Website

Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

Royal Forex Ltd

Company Abbreviation

Royal Forex

Platform registered country and region

Cyprus

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-22
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

Royal Forex

Cyprus

WikiFX Verification

Royal Forex · Company summary

The official website of royal forex(https://www.royalforex.com/) is unable to access now.

Royal Forex Review Summary
Founded2006
Registered Country/RegionRepublic of Cyprus
RegulationRegulated by CySEC
Market InstrumentsForex, Commodities, CFDs
Demo Account✔
LeverageUp to 1:500
SpreadFrom 0.0 pips
Trading PlatformMT4Royal Forex Trader (RFT)
Min Deposit$0 for Standard Account; $1,000 for Pro Account
Customer SupportPhone: +357 22007405Email: info@royalforex.com24/7 Online Chat: ❌Physical Address: Not provided

Royal Forex Information

Established in 2006, Royal Forex LTD is a forex broker with Cyprus based background. By means of its user-friendly trading platforms MetaTrader 4 (MT4) and Royal Forex Trader (RFT), the Cyprus Securities and Exchange Commission (CySEC) controls the company and provides traders access to over 125 instruments including forex, commodities, and CFDs.

Royal Forex Information

Pros and Cons

ProsCons
Regulated by CySECCustomer support not 24/7
No minimum deposit for Standard AccountOfficial website unavailable
Provide 2 trading platforms (MT4, RFT)
0 commissions for Standard Account

Is Royal Forex Legit?

Regulatory StatusRegulated
License TypeStraight Through Processing (STP)
Regulated ByCyprus (CySEC)
License Number269/15
Licensed InstitutionRoyal Forex Ltd
Effective Date2015/3/18
License TypeSharing
Is Royal Forex Legit?

What Can I Trade on Royal Forex?

Royal Forex offers over 125 tradable instruments. These including spot forex, commodities, and CFDs.

Tradable InstrumentsSupported
Forex✔
Commodities✔
CFDs✔
Indices❌
Shares❌
ETFs❌

Account Types

Royal Forex offers two account types. Also, itprovides a demo account for practice.

Account TypeLeverageSpreadCommissionMin DepositMinimum Lot SizeDemo Account
Standard AccountUp to 1:500Starting from 0.0 pipsNone$00.1 lot✔
Pro AccountUp to 1:500Starting from 0.6 pips$3.50 per 100K trade$1,0000.01 lot✔

Royal Forex Fees

With spreads from 0 pip and commission-free trading, Royal Forex presents reasonable fees—especially for Standard Accounts.

AspectStandard AccountPro Account
SpreadFrom 0.0 pipsFrom 0.6 pips
CommissionNone$3.50 per 100K trade

Trading Platform

Royal Forex provides Meta Trader 4 and its unique royal forex trader for users.

Trading PlatformSupportedAvailable DevicesSuitable For
MetaTrader 4 (MT4)✔Desktop, Mobile, WebBoth beginners and experts
Royal Forex Trader (RFT)✔Desktop, Mobile, WebTraders seeking faster execution

Deposit and Withdrawal

Royal Forex does not explicitly mention deposit or withdrawal fees. The minimum deposit is $0 for Standard Accounts and $1,000 for Pro Accounts.

Deposit OptionsMin. DepositFeesProcessing Time
Bank Transfer$0–$1,000-1–5 business days
Credit/Debit Card$0–$1,000-Within minutes
E-Wallets$0–$1,000-Within minutes
Online Payment Systems$0–$1,000-Varies

News

NewsRoyal Forex is Not Right

Headquartered in Cyprus and regulated by the CySEC, Royal Forex is currently unreachable.

WikiFX
2023-05-10 17:08
Royal Forex is Not Right
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FX1316896855
more than one year
It's really strange that the company Royal Forex has been established for more than five years and has a regulatory license from CYSEC, but now their website can't be opened. Has this company changed their website address?
It's really strange that the company Royal Forex has been established for more than five years and has a regulatory license from CYSEC, but now their website can't be opened. Has this company changed their website address?
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2023-03-09 10:32
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