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Written by: Eszter Z. Updated: Nov 2022
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All you need to know about withdrawal on Royal

Reading time: 4 minutes

Being able to access your money is one of the top priorities when it comes to choosing a broker. Here, we will show you the withdrawal options, possible fees, how fast you can access your funds, and why Royal is a reliable broker, where you can withdraw your money without safety concerns.

Withdrawal at Royal is simple and straightforward, according to our analysis. However, there are some issues, such as currency and closing positions, you have to pay attention to.

To give you a brief summary: Royal is an Australian forex broker. It is regulated by many regulators globally, including the top-tier Australian ASIC.

THE ESSENCE:

  • Royal charges $0 for withdrawal
  • The withdrawal process is usually executed within 1 day
  • Royal is a reliable broker, regulated by at least one top-tier regulator
  • You can only withdraw funds to accounts in your name

First, let's see if Royal is available in your country?

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86.67% of retail CFD accounts lose money

Disclaimer: 86.67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

How to withdraw money from Royal
Is Royal safe?

To trust your money with a broker, you need to be sure that the broker is considered trustworthy. We, at BrokerChooser, only recommend regulated brokers, meaning the broker's operations are overseen by a trusted body.

Royal can be considered a legit broker as it is overseen by at least one top-tier regulator, which is a great sign for reliability.

For you, this means that your money is in good hands and you will be able to withdraw your funds.

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86.67% of retail CFD accounts lose money

How to withdraw money from Royal
What withdrawal methods are available at Royal?

At Royal, you have multiple options to choose from when you would like to withdraw money. These options are the following: Bank transfer, Credit/debit cards, Neteller, Skrill, fasapay, POLI, NganYuong, Globepay, PM, Paytrust, Pay Retailers, Interac, whish money.

Remember, you can only withdraw funds to accounts that are in your name.

Withdrawal options Royal
Bank transfer Yes
Credit/Debit card Yes
Electronic wallet Yes

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86.67% of retail CFD accounts lose money

How to withdraw money from Royal
How long does it take to withdraw from Royal?

Withdrawing your funds from a brokerage account is a bit different than withdrawing money from, let's say, a bank account. Unlike some deposit options, withdrawal is rarely instant.

Keep in mind that if you have all your funds invested, you have to close some of your positions first to get access to cash, which you can withdraw later on. After closing some of your positions, the broker might need some time to make the funds available for you for withdrawal.

At Royal, the withdrawal process is usually executed within 1 day.

How to withdraw money from Royal
What are the withdrawal fees at Royal?

The good news is that Royal charges no fees for withdrawal.

Withdrawal option Withdrawal fees
Credit/Debit card $40
Domestic bank withdrawal $0.0
International bank withdrawal $0.0
Electronic wallet 0.5-3.0% depending on which electronic wallet you use to withdraw money

Conversion fees

Pay attention that if your Royal account's base currency and bank account's currency differ, you might be charged a conversion fee depending on your personal bank.

At Royal, the following base currencies are available: AED, AUD, CAD, CHF, DKK, EUR, GBP, HKD, HUF, JPY, MXN, NZD, PLN, SEK, SGD, THB, TRY, USD, ZAR.

To avoid high conversion fees, consider opening a multi-currency account at a digital bank.

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86.67% of retail CFD accounts lose money

How to withdraw money from Royal
What to keep in mind when withdrawing from Royal?

Withdrawing your funds from a brokerage account is a bit different than withdrawing money from, let's say, a bank account. Unlike some deposit options, withdrawal is rarely instant.

Keep in mind that if you have all your funds invested, you have to close some of your positions first to get access to cash, which you can withdraw later on. After closing some of your positions, the broker might need some time to make the funds available for you for withdrawal.

How to withdraw money from Royal
Wrap-up

You are awesome for having read through this article! Making sure you can access your funds might seem overwhelming at first, but the best time to start dealing with your finances is always right now.

You're doing great! Navigating through the world of brokerages is hard, and we want to help you along the way. If you are stuck somewhere, have a question, or a suggestion, please drop us an email.

Author of this article

Eszter Zalán

Author of this article

Eszter has been writing and editing BrokerChooser's content since 2021 bringing her more than a decade-long experience in journalism to the team. She has been covering world affairs and several financial crises, and recently has been diving deep into SEO and coding to make BrokerChooser's content more accessible to users.

Eszter Zalán

Editor, Financial Journalist

Eszter has been writing and editing BrokerChooser's content since 2021 bringing her more than a decade-long experience in journalism to the team. She has been covering world affairs and several financial crises, and recently has been diving deep into SEO and coding to make BrokerChooser's content more accessible to users.

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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86.67% of retail CFD accounts lose money

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