Summary

Recommended for traders looking for low forex fees and preferring the MetaTrader platform

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81.37% of retail CFD accounts lose money

Royal is an Australia-based global forex broker that was founded in 2006. It is regulated by multiple authorities, including the top-tier Australian Securities and Investments Commission (ASIC). 

Royal is considered safe because it has a long track record and is regulated by a top-tier financial authority.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.37% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating
4.2
Fees
4.1
Account opening
3.8
Deposit and withdrawal
4.6
Trading platform
3.5
Markets and products
1.7
Research
4.5
Customer service
4.3
Education
3.0

Royal pros and cons

Royal has low forex and CFD fees. There is also no inactivity or account fee charged. You can use a lot of deposit options and most of them are free of charge. Also, several high-quality research tools are available.

On the negative side, Royal has a limited product portfolio covering only CFDs and forex. There is a fee charged for most non-wire withdrawal methods and we missed some educational tools, such as webinars.

Pros Cons
Low forex and CFD fees Slim product portfolio
Many deposit options Most withdrawal methods carry a fee
Great research tools No webinars and platform tutorial videos
Royal main features and highlights
🗺️ Country of regulation Australia, Cyprus, Lebanon, Saint Vincent and the Grenadines, Vanuatu
💰 Trading fees class Low
💰 Inactivity fee charged No
💰 Withdrawal fee amount $0
💰 Minimum deposit $50
🕖 Time to open an account >3 days
💳 Deposit with bank card Available
👛 Depositing with electronic wallet Available
💱 Number of base currencies supported 11
🎮 Demo account provided Yes
🛍️ Products offered Forex, CFD, Crypto
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81.37% of retail CFD accounts lose money

Royal review
Fees

4.1
To find out more about its trading and non-trading fees, visit Royal
Visit broker 81.37% of retail CFD accounts lose money

or
Compare to its best reviewed alternative: Eightcap
Royal has low forex and CFD fees, and it's also great that no inactivity fee is charged. However, most withdrawal options other than bank transfer carry a fee.
Pros Cons
Low forex fees Most withdrawal methods carry a fee
Low CFD fees
No inactivity fee
Royal fees snapshot
Assets Fee level Fee terms
EURUSD Low Zero Classic account: $0 commission per lot per trade plus spread cost. 1.4 pips is the average spread cost during peak trading hours.
GBPUSD Low Zero Classic account: $0 commission per lot per trade plus spread cost. 1.5 pips is the average spread cost during peak trading hours.
S&P 500 CFD Low Zero Classic account: The fees are built into the spread, 1.4 points is the average spread cost during peak trading hours.
Inactivity fee Low No inactivity fee

How we ranked fees

We ranked Royal's fee levels as low, average or high based on how they compare to those of all reviewed brokers.

First, let's go over some basic terms related to broker fees. What you need to keep an eye on are trading fees and non-trading fees.

In the sections below, you will find the most relevant fees of Royal for each asset class. For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates.

We also compared Royal's fees with those of two similar brokers we selected, Eightcap and TMGM. This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of Royal alternatives.

To have a clear overview of Royal, let's start with its trading fees.

Royal trading fees

Royal trading fees are low. The cost structures are different for the two main account types, with each having its own specialty when it comes to trading:

  • Zero
  • Core
Royal account types and fees
  Classic Premium VIP
Zero account
Minimum spread as low as (pips) 1.4 1.0 0.6
Commission per lot per trade $0 $0 $0
Core account
Minimum spread as low as (pips) 0.0 0.0 0.0
Commission per lot per trade $3.50 $2.50 $1.75

 In this review, we tested the Zero Classic account.

We know it's hard to compare trading fees for forex brokers. So how did we approach the problem of making their fees clear and comparable? We compare brokers by calculating all the fees of a typical trade for selected products.

We chose popular instruments in each asset class usually provided by forex brokers:

  • Forex: EURUSD, GBPUSD, AUDUSD, EURCHF and EURGBP
  • Stock index CFDs: SPX and EUSTX50

A typical trade means buying a leveraged product, holding it for one week and then selling. For the volume, we chose a $20,000 position for forex and a $2,000 position for stock index and stock CFD transactions. The leverage we used was:

  • 30:1 for forex
  • 20:1 for stock index CFDs

These catch-all benchmark fees include spreads, commissions and financing costs for all brokers. Let's see the verdict for Royal fees.

Forex fees

Royal forex fees are generally low and mostly in line with its main competitors.

Royal forex benchmark fees of a $20,000 30:1 long position held for one week
  Royal Eightcap TMGM
EURUSD benchmark fee $6.9 $6.1 $6.7
GBPUSD benchmark fee $4.8 $4.0 $5.0
AUDUSD benchmark fee $8.7 $4.8 $6.0
EURCHF benchmark fee $5.6 $4.3 $3.9
EURGBP benchmark fee $9.5 $6.7 $7.6

CFD fees

Royal has low CFD trading fees, although not as low as at some of its competitors.

Royal CFD fees for a $2,000 long position held for one week
  Royal Eightcap TMGM
S&P 500 index CFD fee $1.8 $2.0 $0.4
Europe 50 index CFD fee $2.6 $1.9 $0.8

Non-trading fees

Royal has low to average non-trading fees. It does not charge an inactivity or account fee. There is also no deposit fee in most cases, but a withdrawal fee is charged on almost all withdrawal methods other than bank transfer. You can check below for the details on deposit and withdrawal fees.

Royal non-trading fees
  Royal Eightcap TMGM
Account fee No No No
Inactivity fee No No Yes
Deposit fee $0 $0 $0
Withdrawal fee $0 $0 $0

The deposit and withdrawal fees are different for bank transfers, credit/debit cards and electronic wallets.

Royal deposit and withdrawal fees
Method Deposit fee Withdrawal fee
Credit/debit card Free Up to 2%
Bank transfer Free in most cases* Free**
Neteller, Skrill, NganLuong.vn, GlobePay, Perfect Money, Trustly, UnionPay Free Up to 2%
PayR Free 3%
Interac Free 2%
FasaPay Free for deposits over $1,000 0.5%
Paytrust88 Free for deposits over $1,000 2% 
Poli 1% N.A.
OMT Variable Variable
Cheque Free Free
Crypto (BTC, ETH, XRP, USDT) 0.8% 0.5%

*No deposit fees for Westpac, AstroBank and Hellenic Bank wire transfers. In addition, $30 of any intermediary fees on deposits over $500 are also covered.

**Free, but intermediary banks may charge a fee.

Royal review
Account opening

3.8
To experience the account opening process, visit Royal
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The account opening process at Royal is user-friendly and fully digital. On the other hand, it took more than 5 days for us to get our account approved.
Pros Cons
Fully digital Took more than 5 days
Low minimum deposit
User-friendly

Can you open an account?

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81.37% of retail CFD accounts lose money

Royal accepts customers from all around the world.

What is the minimum deposit at Royal?

The required Royal minimum deposit is $50

Account types

Royal provides 3 account categories by ownership type:

  • Individual
  • Joint
  • Corporate

 

In terms of fee structure, you can choose from two main account types: Zero and Core. Within each category, the exact fees you are charged depends on the amount of money you deposit in your account, which ranks you as either a Classic, Premium or VIP client.

Royal account types
  Classic Premium VIP
Deposit $50 - $9,999 $10,000 - $49,999 >$50,000
Minimum spread as low as (pips)
Zero account 1.4 1.0 0.6
Core account 0.0 0.0 0.0
Commission per lot per trade
Zero account $0.0 $0.0 $0.0
Core account $3.5 $2.5 $1.75
Maximum Leverage for Professional Clients 1:500
Maximum Leverage for Retail Clients 1:30
Platforms MT4
Account Currency USD, EUR, AUD, GBP, CAD, HKD, NZD, SGD, CHF, PLN, LBP
Dedicated Account Executive No Yes Yes
Trading Central Complete Suite of Tools No Yes Yes
Live Market Updates Yes Yes Yes
Access to Social Media Competitions Yes Yes Yes
Trading on Steroids with MT4 Accelerator No Yes Yes

How to open your account

The online registration process was seamless and easy, and we completed it in 10 minutes. However, the account verification was unusually longer than expected. It took more than 5 days for the broker to verify our account.

The steps you need to go through to open your account are as follows:

  1. Provide your name, email, mobile number, country of residence and account type.
  2. Add more personal details, like address and information about your financial status.
  3. Select the account currency and the amount you plan to deposit.
  4. Upload documents for verification. You can upload a passport, national ID, or driving license to verify your identity. Utility bills and bank statements are accepted as proof of residency.
  5. Wait for Royal to verify your account. 
  6. After your account is verified, you need to make your first deposit.
Royal review - Account opening

Royal review
Deposit and withdrawal

4.6
To find out more about the deposit and withdrawal process, visit Royal
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Royal's deposit and withdrawal services are user-friendly, with several account base currencies available. On the other hand, withdrawals carry a fee in most cases.
Pros Cons
Credit/Debit card available Most withdrawal options carry a fee
Several account base currencies
User-friendly

Account base currencies

At Royal, you can choose from 11 base currencies, which is above average.

Royal available base currencies
USD EUR AUD GBP
CAD HKD NZD SGD
CHF PLN LBP
Base currencies at Royal vs similar brokers
  Royal Eightcap TMGM
Number of base currencies 11 7 5

This selection is great compared to similar brokers.

Why does this matter? For two reasons. If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you don't have to pay a conversion fee.

A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers. Opening an account only takes a few minutes on your phone.

Compare digital banks

Deposit fees and options

Depositing funds at Royal is free in most cases. There are many available options, but not all of them accept all currencies.

To check which deposit options carry a fee and which currencies are accepted, see the table below.

Royal deposit currencies and fees
Method Accepted currencies Deposit fee
Credit/debit card AUD, CAD, CHF, EUR, GBP, HKD, LBP, NZD, SGD, USD Free
Bank transfer AED, AUD, CAD, CHF, DKK, EUR, GBP, HKD, HUF, JPY, LBP, MXN, NZD, PLN, SEK, SGD, THB, TRY, USD, ZAR Free in most cases*
Neteller AUD, CAD, CHF, EUR, GBP, SGD, USD Free
Skrill CHF, EUR, GBP, USD Free
NganLuong.vn VND Free
GlobePay EUR, GBP, INR, USD Free
Perfect Money EUR, USD Free
Trustly EUR Free
UnionPay CNY Free
PayR ARS, BRL, CLP, COP, USD, GTQ, MXN, PEN Free
Interac CAD Free
FasaPay IDR, USD Free for deposits over $1,000
Paytrust88 IDR, VND, THB, MYR Free for deposits over $1,000
Poli AUD, NZD 1%
OMT LBP, USD Variable
Cheque AUD, CAD, CHF, EUR, GBP, HKD, LBP, NZD, SGD, USD Free
Crypto (BTC, ETH, XRP, USDT) You can deposit only these cryptos 0.8%

*No deposit fees for Westpac, AstroBank and Hellenic Bank wire transfers. In addition, $30 of any intermediary fees on deposits over $500 are also covered.

This great selection of deposit options is similar to Royal's featured competitors.

Royal deposit options
  Royal Eightcap TMGM
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes

A bank transfer can take several business days, while payment with a credit/debit card is instant.

You can only deposit money from accounts that are in your name.

Royal review - Deposit and withdrawal - Deposit

Royal withdrawal fees and options

Royal charges a withdrawal fee for most withdrawal methods, except for bank transfer and cheque. See our detailed table below for the withdrawal fees for the different withdrawal methods.

Royal withdrawal fees and options
  Royal Eightcap TMGM
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Withdrawal fee $0 $0 $0

There is a withdrawal fee charged for most withdrawal options other than bank transfer.

Royal withdrawal fees
Method Withdrawal fee
Credit/debit card Up to 2%
Bank transfer Free*
Neteller, Skrill, NganLuong.vn, GlobePay, Perfect Money, Trustly, UnionPay Up to 2%
PayR 3%
Interac 2%
FasaPay 0.5%
Paytrust88 2% 
Poli N.A.
OMT Variable
Cheque Free
Crypto (BTC, ETH, XRP, USDT) 0.5%

*Free, but intermediary banks may charge a fee.

How long does it take to withdraw money from Royal? We tested the bank transfer withdrawal and it took 1 business day.

You can only withdraw money to accounts in your name.

How do you withdraw money from Royal?

  • Once logged in to your account, select 'Funds' on the left side of the menu.
  • Select 'Withdrawal'.
  • Choose a withdrawal option. 
  • Fill out the form and send it.

Compare to other brokers

Royal review
Web trading platform

2.8
To try the web trading platform yourself, visit Royal
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Royal uses the MetaTrader web trading platform. It is highly customizable and has a clear fee report. However, its design is outdated and it lacks a two-step login and price alerts.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Order confirmation Poor design
Royal platforms to choose from
Trading platform Score Available
Web 2.8 stars Yes
Mobile 3.8 stars Yes
Desktop 3.4 stars Yes

Royal doesn't have its own self-developed trading platform, it offers a third-party platformMetaTrader 4. 

MetaTrader 4 is available in an exceptionally large number of languages.

Royal web trading platform languages
Arabic Bulgarian Chinese Croatian Czech
Danish Dutch English Estonian Farsi
French German Greek Hebrew Hungarian
Indonesian Italian Japanese Korean Latvian
Lithuanian Malay Mongolian Polish Portuguese
Romanian Russian Serbian Slovak Slovenian
Spanish Swedish Tajik Thai Turkish
Uzbek Vietnamese

Look and feel

Royal's web trading platform has great customizability. It is easy to change the size and the position of the tabs, and you can place a lot of charts on the screen.

However, the MetaTrader platform overall feels outdated and some features are hard to find. For example, it took us some time to figure out how to add an asset to the watchlist. On the plus side, Royal has overlaid it with an easy-to-use menu on the left side, as you can see below.

Royal review - Web trading platform

Login and security

Royal provides only a one-step login. A two-step authentication would be more secure.

Search functions

The search functions are OK. You can find the assets listed by category. However, we missed the usual search function where you can type in the asset's name manually.

Royal review - Web trading platform - Search

Placing orders

You can use the basic order types, but you will not find very sophisticated orders like 'one-cancels-the-other.' The following order types are available:

  • Market
  • Limit
  • Stop-loss

If you are not familiar with order types, read this overview.

There are also order time limits you can use:

  • Good 'til canceled (GTC)
  • Good 'til time (GTT)
Royal review - Web trading platform - Order panel

Alerts and notifications

You can't set alerts and notifications on the MetaTrader web trading platform available at Royal. This feature is only available on the mobile and the desktop trading platform.

Portfolio and fee reports

Royal has clear portfolio and fee reports available on the MetaTrader 4 web trading platform. You can easily see your profit-loss balance and the commissions you paid. These reports can be found under the 'History' tab, but cannot be downloaded.

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81.37% of retail CFD accounts lose money

Royal review
Mobile trading platform

3.8
To try the mobile trading platform yourself, visit Royal
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Royal has a great mobile trading platform, provided by MetaTrader 4. It is well-designed and user-friendly, but lacks a more secure login.
Pros Cons
User-friendly No two-step (safer) login
Good search function No Touch/Face ID login
Price alerts

Similarly to the web trading platform, Royal offers MetaTrader 4 as a mobile trading platform. MT4 is available for both iOS and Android. We tested it on iOS.

After you download the MT4 mobile trading platform, you have to access the 'RoyalPlatforms-Real' server. 

Just like at the web trading platform, you can choose from many languages on the mobile trading platform.

Royal mobile trading platform languages
Arabic Chinese (Simplified) Chinese (Traditional) Czech English
French German Greek Hindi Indonesian
Italian Japanese Korean Polish Portuguese
Portuguese (Brazil) Russian Spanish Thai Turkish
Ukrainian Vietnamese

Look and feel

Royal has a great mobile trading platform in MT4, we really liked its design and user-friendliness. You will easily find every feature.

Royal review - Mobile trading platform

Login and security

Similarly to the web trading platform, the app provides only a one-step login. A two-step login would be more secure.

You can't log in using biometric authentication. Providing this feature would be more convenient.

Search functions

The search functions are good. You can search by typing the name of the product or by navigating the category folders.

Royal review - Mobile trading platform - Search

Placing orders

You can use the same order types and order time limits as on the web trading platform.

Royal review - Mobile trading platform - Order panel

Alerts and notifications

You can set alerts and notifications on the mobile trading platform.

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81.37% of retail CFD accounts lose money

Royal review
Desktop trading platform

3.4
To try the desktop trading platform yourself, visit Royal
Visit broker 81.37% of retail CFD accounts lose money

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Compare to its best reviewed alternative: Eightcap
In design and functionality, Royal's MetaTrader 4 desktop platform is almost the same as the web trading platform. One major difference is that you can set price alerts.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) Poor design
Price alerts

Royal offers MetaTrader 4 as a desktop trading platform.

The platform has the same design, is available in the same languages, offers the same order types (plus Trailing stop), and has the same search functions as the web trading platform. 

The portfolio and fee reports are clear as well, and you can download them if you right-click on the 'History' tab and select 'Save as detailed report'.

The major difference is that you can set alerts and notifications on the desktop trading platform in the form of mobile push or email notifications. To do this, you have to provide your email address and mobile MetaQuotes ID, which you can find in the MT4 app's settings by going to the 'Tools' menu and then selecting 'Options'.

Royal review - Desktop trading platform

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81.37% of retail CFD accounts lose money

Royal review
Markets and products

1.7
To dig even deeper in markets and products, visit Royal
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At Royal, you can trade only forex, CFDs and cryptos. This means that many popular asset classes, like real stocks and ETFs, are not available.

Royal is primarily a forex broker, but it also provides some CFDs and cryptos for trading. To learn more about CFDs, please read our CFD trading tips.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.37% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Royal's forex, crypto, stock index and commodity CFD product offerings are mostly in line with those of selected competitors, although Royal's stock CFD selection is narrower.

Royal product selection
  Royal Eightcap TMGM
Currency pairs (#) 62 45 62
Stock index CFDs (#) 18 13 20
Stock CFDs (#) 68 258 9,900
Commodity CFDs (#) 8 4 10
Cryptos (#) 4 11 5

At Royal, you can change the default leverage level of the products. This is great, as we think it is something you should be in control of.

You can choose from these leverage options:

  • 10:1
  • 20:1
  • 30:1
  • 100:1

Changing the leverage is a very useful feature when you want to lower the risk of your trade. Be careful with forex and CFD trading, as preset leverage levels may be too high.

Social Trading

Royal has partnerships with social trading providers. This means that clients can follow trades made by other traders in Royal's Social Trading System directly from their trading accounts.

2 social trading providers are available: ZuluTrade and Myfxbook.

ZuluTrade is a peer-to-peer social trading platform where you can mimic the trading strategies of thousands of registered currency traders from 192 countries. Using ZuluTrade’s proprietary performance evaluation algorithm and feedback from ZuluTrade’s knowledgeable community, Royal clients can customize trades according to their preferences and risk tolerance.

Royal review - ZuluTrade

Myfxbook is a social trading site, which allows users to share, analyze, track and compare their trading activities. It also allows users to set up auto-trading to follow selected traders. Myfxbook is an affiliate of Royal and MetaTrader 4 is fully integrated with the Myfxbook system. All that a Royal client has to do is sign up for a Myfxbook account and link it to their Royal account.

Royal review - myfxbook

Royal review
Research

4.5
To check the available research tools and assets, visit Royal
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Royal has several user-friendly research tools, such as trading ideas and charts, although it lacks a quality news service.
Pros Cons
Trading ideas No/poor quality news flow
Data on asset fundamentals
User-friendly

We tested the research tools available on the MetaTrader platform.

Trading ideas

Royal provides trading ideas through Trading Central, a third-party research provider. The ideas are based purely on technical analysis and cover FX pairs. There is a detailed definition of the pattern, and the actual trend is indicated with a target price.

Royal review - Research - Recommendations

In the 'technical insights' section you can find analyses on different asset classes, such as forex, indexes and stocks. You can also find suggestions for buying or selling on different time horizons, e.g. short or long term.

Royal review - Research - Recommendations

Fundamental data

Royal offers some fundamental data through an economic calendar, which is a useful tool for forex traders.

Royal review - Research - Fundamental data

Charting

Royal's MetaTrader has OK charting tools. You can use 31 technical indicators and other tools, such as trendlines, Fibonacci retracements and channels.

Royal review - Research - Charting

News feed

There is no news feed in MetaTrader 4.

Other research tools you may enjoy

You can use a great research tool to test your strategy with relation to automated trading. It is called 'Strategy Tester' and you can find it by clicking on 'View' and selecting 'Strategy Tester'.

Compare research pros and cons

Royal review
Customer service

4.3
To find customer service contact information details, visit Royal
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Royal has great customer support overall. However, they are not too responsive to emails and support is not available 24/7.
Pros Cons
Phone support No 24/7 support
Live chat No response to some emails
Fast response time

You can contact Royal via:

  • live chat
  • phone
  • email

Royal has great live chat support. It is fast and we always received relevant responses.

Royal phone support was also fast and provided relevant answers.

However, email support could use some improvement, as a couple of our emails went unanswered.

We missed 24/7 availability, as the broker provides customer support only 24/5.

Royal review - Customer Service

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81.37% of retail CFD accounts lose money

Royal review
Education

3.0
To check the available education material and assets, visit Royal
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At Royal you can learn using educational videos and texts, as well as try out a demo account. On the other hand, there are no webinars or trading platform tutorial videos.
Pros Cons
Demo account No webinars
Educational videos No platform tutorial videos
Educational texts

At Royal you can learn in the following ways:

  • Demo account
  • General educational videos
  • Quality educational articles
Royal review - Education

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81.37% of retail CFD accounts lose money

Royal review
Safety

To find out more about safety and regulation, visit Royal
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Royal is regulated by multiple financial authorities, including the top-tier ASIC. However, the broker is not listed on any exchange and doesn't disclose its financials transparently.
Pros Cons
Negative balance protection Not listed on stock exchange
Investor protection Financial information is not publicly available

Is Royal regulated?

Yes, it is regulated by the following financial authorities:

  • Australian Securities and Investments Commission (ASIC)
  • Cyprus Securities and Exchange Commission (CySEC)
  • Lebanese Capital Markets Authority (CMA)
  • Vanuatu Financial Services Commission (VFSC)
  • Financial Services Authority (St. Vincent and the Grenadines)

Is Royal safe?

To be certain if a brokerage is safe, we highly advise that you check two facts:

  • how you are protected if something goes wrong
  • what the background of the broker is

How you are protected

Clients are onboarded under multiple legal entities that are regulated by different authorities. This matters because the amount of protection you're eligible for differs from entity to entity. In Royal's case, only clients under the Cyprus entity are covered by any protection.

When you start the registration process, you can select the country that you would like to be onboarded to.

Royal investor protection
Protection amount Regulator Legal entity
No protection Australian Securities and Investments Commission (ASIC) Royal Financial Trading Pty Ltd
€20,000 Cyprus Securities and Exchange Commission (CySEC) Royal Financial Trading (CY) Ltd
No protection Lebanese Capital Markets Authority (CMA) Royal Financials SAL
No protection Vanuatu Financial Services Commission (VFSC) Royal CM Limited
No protection Financial Services Authority (St. Vincent and the Grenadines) Royal ETP LLC

Royal provides negative balance protection. If the balance on your account goes into negative, you will be protected.

Background

Royal was established in 2006. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises.

Find your safe broker

Royal review
Bottom line

Visit Royal if you are looking for further details and information
Visit broker 81.37% of retail CFD accounts lose money

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Compare to its best reviewed alternative: Eightcap

Royal is an Australia-based forex broker regulated by multple financial authorities, including the top-tier ASIC. 

Royal has low forex and CFD fees. It offers many deposit options, including credit/debit cards and electronic wallets. We also liked the quality of available research tools.

There are some drawbacks, however. The product portfolio is limited to CFDs and forex, most withdrawal methods carry a fee, and educational tools lack webinars and platform tutorial videos.

Feel free to try Royal, as you will have low deposit and withdrawal costs and there is no inactivity fee.

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81.37% of retail CFD accounts lose money

Royal review
FAQ

We recommend Royal for traders looking for low forex fees and preferring the metatrader platform.

Below you can find links to all aspects of Royal in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our Royal fees article.

What about the minimum deposit?

Our ultimate guide to the Royal minimum deposit is updated regularly.

How to start your Royal account?

Look no further than our evaluation of the Royal account opening.

How's their trading app?

Here's our expert view after checking the Royal trading app.

Is the quality of customer service satisfactory?

All you need to know about the Royal customer service.

Legit or scam?

Is Royal legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether Royal is really free.

Is this broker good for beginners?

We checked it in Is Royal good for beginners.

Should you buy your silver bullets on Royal?

Research for silver bugs in the Silver buy on Royal guide

I want to trade options, are they available at Royal?

We explored the topic in Can you trade options on Royal?

What is the minimum account balance at Royal?

Check out the current account balance requirements at Royal in our What is the minimum account balance at Royal article.

Looking for commission and fees data for Royal?

We collected them in Royal commission and fees.

How do you withdraw money from Royal?

We tested it and collected the options and costs in How to withdraw money on Royal.

Author of this review

Krisztián Gátonyi

Author of this review

Krisztián has 10+ years of experience in proprietary trading in the interbank currency market as a foreign exchange risk manager. He is interested also in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

Krisztián Gátonyi

Senior Broker Expert

Krisztián has 10+ years of experience in proprietary trading in the interbank currency market as a foreign exchange risk manager. He is interested also in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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81.37% of retail CFD accounts lose money
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