OneRoyal-Some Important Details about This Forex Brokers

OneRoyal Information

OneRoyalis a Australia brokerage founded in 2012. Currently, it is a broker regulated by the ASIC, CYSEC, and VFSC. It says it offers seven asset classes, including shares, ETFs, forex pairs, metals, oil, indices, and cryptocurrencies, and it also supports the use of the MT4 and MT5 platforms. There are also four types of accounts for traders to choose from. In addition, it supports spreads from 0 pips and commissions from $0.

Pros and Cons

Is OneRoyal Legit?

The Cyprus Securities and Exchange Commission (CySEC) has authorized and regulated Royal, issuing it License number 312/16.

Royal is also under the regulation of the Australian Securities & Investments Commission (ASIC), holding License number 420268.

With License Number 700284, Royal is offshore regulated by the Vanuatu Financial Services Commission (VFSC).

What Can I Trade on OneRoyal?

OneRoyal offers seven asset classes, including shares, ETFs, forex pairs, metals, oil, indices, and cryptocurrencies.

Account Types

OneRoyal offers four distinct account types tailored to different trading styles and preferences: Classic, ECN, VIP, and ECN Elite. It also offers demo accounts and Islamic accounts (swap-free accounts)

Classic and ECN accounts have a low deposit threshold of $50, Classic does not charge commissions but has the highest spreads starting at 1.4pips, ECN spreads start at 0pips however charge $7 per 100k round turn.

For high-volume traders, both the VIP account and the ECN Elite account require a minimum deposit of 10,000. The VIP account offers spreads from 0.4 pips, while the ECN Elite account haves 0.0 pip spreads with are 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.

OneRoyal also offers demo accounts for traders.

To open an account, the user will be prompted to fill in personal information on this page, including full name, email and phone number.

After agreeing to the privacy policy, press the ‘Open Account’ button to complete the account creation process.

OneRoyal Fees

The spread of the four accounts is Raw + 1.4 pips(classic), Raw + 0.0 pips(ECN), Raw + 0.4 pips(VIP), Raw + 0.0 pips(ECN Elite). In addition, the Elite Account charges a commission of $3.5 one side and the ECN Account charges a commission of $7 one side the remaining two accounts are commission-free.

Trading Platform

For traders, three platform choices are on offer: MetaTrader 4, MetaTrader 5, MT4 Accelerator

Besides, OneRoyal offers two key platforms for money managers: MetaFX and Multiterminal.

Deposit and Withdrawal

OneRoyal offers 14 deposit methods to meet the needs of 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. What's more, OneRoyal also accepts 11 base currencies.