Our top alternative brokers to Royal
Eightcap
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74-89% of retail CFD accounts lose money
TMGM
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68% of retail CFD accounts lose money
Royal Alternatives

The best alternatives to Royal are

  1. Eightcap - Global forex broker
  2. TMGM - Global forex broker
  3. Fusion Markets - Australian forex broker
  4. IC Markets - Global forex broker

Let's see in a bit more detail how the Royal alternatives compare to Royal and each other:

Royal alternatives comparison
Royal Eightcap TMGM Fusion Markets IC Markets
Overall score 3.9 stars 4.2 stars 4.3 stars 4.5 stars 4.5 stars
Fees score 3.0 stars 4.3 stars 4.4 stars 4.7 stars 4.6 stars
Account opening score 5.0 stars 5.0 stars 5.0 stars 5.0 stars 5.0 stars
Deposit and withdrawal score 4.6 stars 4.5 stars 4.3 stars 4.4 stars 4.9 stars
Web platform score 2.8 stars 3.1 stars 2.8 stars 2.8 stars 2.8 stars
Markets and products score 1.8 stars 1.7 stars 2.2 stars 2.2 stars 2.2 stars
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74-89% of retail CFD accounts lose money
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68% of retail CFD accounts lose money
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74-89% of retail CFD accounts lose money
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74.32% of retail CFD accounts lose money

Why are these brokers considered good alternatives to Royal? There are many areas based on which Royal can be compared with others. When we say a given online broker is a good alternative to Royal we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

Royal alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • Royal is recommended for traders looking for low forex fees and preferring the metatrader platform
  • Eightcap is recommended for forex traders who prefer the metatrader platform
  • TMGM is recommended for forex traders who prefer the metatrader platform
  • Fusion Markets is recommended for forex traders looking for low fees and a chance to use the metatrader 4 platform
  • IC Markets is recommended for forex and cfd traders who value easy account opening and free deposit/withdrawal options

Important factors of finding Royal alternatives

So far BrokerChooser has reviewed 102 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether Royal or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. The amounts Royal charges you are considered average. When picking an alternative, you could prioritize brokers that are cheaper than Royal.

Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At Royal this is not a problem as you can have it ready on the same day you registered.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at Royal, this might not be the case at its alternatives.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given Royal alternative is a must.


Now let's dive into the details of how Royal and its alternatives perform in the most important areas!

Royal alternatives
Eightcap

Eightcap is an Australian global forex broker that was founded in 2009. The company operates two entities, regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).

Eightcap is considered safe because it is regulated by the top-tier ASIC.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex traders who prefer the metatrader platform

Pros Cons
Low forex fees Slim product selection
Seamless, quick account opening Limited research and educational tools
Free deposit and withdrawal No investor protection

Visit broker
74-89% of retail CFD accounts lose money

Fees
4.3

Eightcap has low forex and CFD fees, especially if you choose the Raw account. There are also no inactivity or withdrawal fees.
Pros Cons
Low trading fees None
Low non-trading fees
Low forex fees
Royal vs. Eightcap: Trading fees
Eightcap Royal
EURUSD benchmark fee $12.7 $15.6
EURGBP benchmark fee $9.8 $12.7

Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.

Visit broker More
74-89% of retail CFD accounts lose money

Account opening
5.0

Opening an account at Eightcap is seamless and fast. The whole process is fully digital and your account should be approved within one day.
Pros Cons
Fully digital None
Low minimum deposit
User-friendly
Royal vs. Eightcap: Minimum deposit, time to open an account
Eightcap Royal
Minimum deposit $100 $50
Time to open account 1 day 1 day

If you are interested more in Eightcap minimum deposit, this overview will help you.

Visit broker More
74-89% of retail CFD accounts lose money

Deposit and withdrawal
4.5

At Eightcap deposits are free, as are most withdrawals, with e-wallet options also available. The selection of account base currencies is limited to major currencies.
Pros Cons
Credit/Debit card available No minor currencies available
Free withdrawal
No deposit fee
Royal vs. Eightcap: Withdrawal options
Eightcap Royal
Bank transfer Yes Yes
Credit/debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

Visit broker More
74-89% of retail CFD accounts lose money

Web trading platform
3.1

Eightcap gives access to MetaTrader 5 web trading platform, but not for MetaTrader 4. The MT5 platform is similar to MT4 - it is customizable, but has more order types. However, price alerts are still not available, and there's no two-factor authentication.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Good variety of order types
Web trading platform of Eightcap, a Royal alternative
Royal vs. Eightcap: Trading platform scores
Eightcap Royal
Web platform score 3.1 stars 2.8 stars
Mobile platform score 3.8 stars 3.8 stars
Desktop platform score 3.4 stars 3.4 stars

Learn more about Eightcap's web trading platform in the detailed Eightcap review.

Visit broker
74-89% of retail CFD accounts lose money

Markets and products
1.7

Eightcap's product selection covers only forex and CFDs for MT4 users. MT5 users can also access CFD cryptos but popular asset types like real stocks and ETFs are not available.
Royal vs. Eightcap: Markets and products
Eightcap Royal
Stocks No No
ETFs No No
Forex Yes Yes
Funds No No
Bonds No No
Options No No
Futures No No
CFDs Yes Yes
Crypto Yes Yes

Visit broker More
74-89% of retail CFD accounts lose money

Verdict

We recommend Eightcap for users looking for a MetaTrader 4-5 broker with low forex fees and fast and easy account opening. It is also great that deposits and withdrawals are free of charge on the broker's end, with a user-friendly process.

On the other hand, available products are limited to CFDs, forex and cryptos (for MT5 clients). The research and educational tools are also limited.

Feel free to try Eightcap if you'd like to have a verified broker account with low forex fees within a day.

Eightcap
Summary Eightcap is an Australian forex broker. It is regulated by both ASIC and VFSC, and is available globally for clients.
Fees score 4.3 stars
Recommended for Forex traders who prefer the MetaTrader platform

Visit broker More
74-89% of retail CFD accounts lose money

Royal alternatives
TMGM

TMGM, or Trademax Global Markets, is an Australia-based global forex broker founded in 2013. The company has several branches and is regulated by the Australian Securities and Investment Commission (ASIC), the New Zealand Financial Markets Authority (FMA) and the Vanuatu Financial Services Commission (VFSC).

TMGM is considered safe because it is regulated by the top-tier ASIC.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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.

Recommended for forex traders who prefer the metatrader platform

Pros Cons
Low forex fees Slim product portfolio
Easy and fast account opening Limited research and educational tools
Free deposit and withdrawal Inactivity fee

Visit broker
68% of retail CFD accounts lose money

Fees
4.4

TMGM has low forex and CFD fees. While TMGM doesn't charge a fee for withdrawals, there's an inactivity fee if you don't trade for more than six months.
Pros Cons
Low trading fees Inactivity fee
Low forex fees
No withdrawal fee
Royal vs. TMGM: Trading fees
TMGM Royal
EURUSD benchmark fee $14.0 $15.6
EURGBP benchmark fee $11.8 $12.7

Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.

Visit broker More
68% of retail CFD accounts lose money

Account opening
5.0

The account opening process at TMGM is user-friendly and fully digital. It was also very quick, as our account was approved within a day.
Pros Cons
Fast None
Fully digital
Low minimum deposit
Royal vs. TMGM: Minimum deposit, time to open an account
TMGM Royal
Minimum deposit $100 $50
Time to open account 1 day 1 day

If you are interested more in TMGM minimum deposit, this overview will help you.

Visit broker More
68% of retail CFD accounts lose money

Deposit and withdrawal
4.3

TMGM's depositing and withdrawal services are great. Many options are available for moving your money in and out, and they are free of charge.
Pros Cons
Credit/Debit card available Minor currencies not accepted
Free withdrawal
No deposit fee
Royal vs. TMGM: Withdrawal options
TMGM Royal
Bank transfer Yes Yes
Credit/debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

Visit broker More
68% of retail CFD accounts lose money

Web trading platform
2.8

TMGM uses the MetaTrader web trading platform. It is highly customizable and has a clear fee report, but 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
Web trading platform of TMGM, a Royal alternative
Royal vs. TMGM: Trading platform scores
TMGM Royal
Web platform score 2.8 stars 2.8 stars
Mobile platform score 3.8 stars 3.8 stars
Desktop platform score 3.4 stars 3.4 stars

Learn more about TMGM's web trading platform in the detailed TMGM review.

Visit broker
68% of retail CFD accounts lose money

Markets and products
2.2

At TMGM, you can trade only forex, CFDs and cryptos. This means that many popular asset classes, like real stocks and ETFs, are not available.
Royal vs. TMGM: Markets and products
TMGM Royal
Stocks No No
ETFs No No
Forex Yes Yes
Funds No No
Bonds No No
Options No No
Futures No No
CFDs Yes Yes
Crypto Yes Yes

Visit broker More
68% of retail CFD accounts lose money

Verdict

TMGM's forex fees are low, and account opening is fast and easy. Deposits and withdrawals are free of charge, and the process is user-friendly.

On the other hand, the product portfolio covers only forex and CFDs. In addition, clients are not covered by any investor protection.

Feel free to try TMGM, as you can easily open an account within a day.

TMGM
Summary TMGM is an Australian forex broker. It is regulated by both ASIC and VFSC, and is available globally for clients.
Fees score 4.4 stars
Recommended for Forex traders who prefer the MetaTrader platform

Visit broker More
68% of retail CFD accounts lose money

Royal alternatives
Fusion Markets

Fusion Markets is an Australian discount forex broker founded in 2010. It is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex traders looking for low fees and a chance to use the metatrader 4 platform

Pros Cons
Low trading and non-trading fees Basic educational tools
Fast and easy account opening Limited product selection
Great customer service No investor protection

Visit broker
74-89% of retail CFD accounts lose money

Fees
4.7

Fusion Markets has low forex and CFD fees and charges no inactivity or withdrawal fees.
Pros Cons
Low forex and CFD fees None
No withdrawal and inactivity fees
Royal vs. Fusion Markets: Trading fees
Fusion Markets Royal
EURUSD benchmark fee $11.8 $15.6
EURGBP benchmark fee $8.5 $12.7

Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.

Visit broker More
74-89% of retail CFD accounts lose money

Account opening
5.0

The account opening at Fusion Markets is user-friendly and fully digital. It is also very fast, as our test account was verified the same day.
Pros Cons
Fast None
Fully digital
No minimum deposit
Royal vs. Fusion Markets: Minimum deposit, time to open an account
Fusion Markets Royal
Minimum deposit $0 $50
Time to open account 1 day 1 day

If you are interested more in Fusion Markets minimum deposit, this overview will help you.

Visit broker More
74-89% of retail CFD accounts lose money

Deposit and withdrawal
4.4

At Fusion Markets, most withdrawals are free and you can use bank transfer, credit/debit cards and electronic wallets to add funds. However, you can't open an account in minor currencies.
Pros Cons
Credit/Debit card available No minor account currencies accepted
Free withdrawal
No deposit fee
Royal vs. Fusion Markets: Withdrawal options
Fusion Markets Royal
Bank transfer Yes Yes
Credit/debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

Visit broker More
74-89% of retail CFD accounts lose money

Web trading platform
2.8

The web trading platform of Fusion Markets (provided by MetaTrader) is highly customizable and has a clear fee report. On the other hand, 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
Web trading platform of Fusion Markets, a Royal alternative
Royal vs. Fusion Markets: Trading platform scores
Fusion Markets Royal
Web platform score 2.8 stars 2.8 stars
Mobile platform score 3.8 stars 3.8 stars
Desktop platform score 3.4 stars 3.4 stars

Learn more about Fusion Markets's web trading platform in the detailed Fusion Markets review.

Visit broker
74-89% of retail CFD accounts lose money

Markets and products
2.2

Fusion Markets offers many currency pairs and some CFDs. On the other hand, a lot of popular asset classes, such as real stocks, ETFs and funds, are not available.
Royal vs. Fusion Markets: Markets and products
Fusion Markets Royal
Stocks No No
ETFs No No
Forex Yes Yes
Funds No No
Bonds No No
Options No No
Futures No No
CFDs Yes Yes
Crypto Yes Yes

Visit broker More
74-89% of retail CFD accounts lose money

Verdict

Fusion Markets is a great forex broker with very low trading and non-trading fees. The account opening is fast and easy, and customer service provides quick and relevant answers.

On the negative side, Fusion Markets has limited educational tools. The product portfolio is largely limited to forex and some CFDs. Lastly, there is no investor protection.

As you can open an account within a day and fees are low, feel free to try Fusion Markets.

Fusion Markets
Summary Fusion Markets is an Australia-based discount forex broker, regulated by the ASIC, VFSC and FSA Seychelles
Fees score 4.7 stars
Recommended for Forex traders looking for low fees and a chance to use the MetaTrader 4 platform

Visit broker More
74-89% of retail CFD accounts lose money

Royal alternatives
IC Markets

IC Markets is an Australia-based global forex broker founded in 2007. The company has several branches and is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Seychelles Financial Supervisory Authority (FSA) and the Australian Securities and Investments Commission (ASIC).

IC Markets is considered safe because it is regulated by the top-tier ASIC.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.32% 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.

Recommended for forex and cfd traders who value easy account opening and free deposit/withdrawal options

Pros Cons
Low forex fees Limited product selection
Easy and fast account opening Slow live chat support
Free deposit and withdrawal No investor protection for non-EU clients
Offer standard accounts and raw spread accounts

Visit broker
74.32% of retail CFD accounts lose money

Fees
4.6

IC Markets has low trading and non-trading fees. There is no inactivity or withdrawal fee. On the negative side, financing rates for CFDs are high.
Pros Cons
Low trading fees High financing rate for CFDs
Low non-trading fees
Low forex fees
Royal vs. IC Markets: Trading fees
IC Markets Royal
EURUSD benchmark fee $12.3 $15.6
EURGBP benchmark fee $8.3 $12.7

Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.

Visit broker More
74.32% of retail CFD accounts lose money

Account opening
5.0

The account opening process at IC Markets is user-friendly and fully digital. Our account was approved within a day, which is very fast.
Pros Cons
Fast None
Fully digital
Low minimum deposit
Royal vs. IC Markets: Minimum deposit, time to open an account
IC Markets Royal
Minimum deposit $200 $50
Time to open account 1 day 1 day

If you are interested more in IC Markets minimum deposit, this overview will help you.

Visit broker More
74.32% of retail CFD accounts lose money

Deposit and withdrawal
4.9

IC Markets's deposit and withdrawal services are great, with many options available, mostly free of charge. On the negative side, withdrawal can only be made in the way that funding happened.
Pros Cons
Credit/Debit card available Some restrictions apply to withdrawals
No deposit fee
Several account base currencies
Royal vs. IC Markets: Withdrawal options
IC Markets Royal
Bank transfer Yes Yes
Credit/debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

Visit broker More
74.32% of retail CFD accounts lose money

Web trading platform
2.8

The web trading platform of IC Markets is provided by MetaTrader. The platform is highly customizable, available in many languages, and has a clear fee report. On the other hand, it lacks a two-step login and price alerts, and the design is outdated.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Order confirmation Poor design
Web trading platform of IC Markets, a Royal alternative
Royal vs. IC Markets: Trading platform scores
IC Markets Royal
Web platform score 2.8 stars 2.8 stars
Mobile platform score 3.8 stars 3.8 stars
Desktop platform score 3.4 stars 3.4 stars

Learn more about IC Markets's web trading platform in the detailed IC Markets review.

Visit broker
74.32% of retail CFD accounts lose money

Markets and products
2.2

At IC Markets, you can trade only forex and CFDs. In other words, many popular asset classes, such as real stocks and ETFs, are not available.
Royal vs. IC Markets: Markets and products
IC Markets Royal
Stocks No No
ETFs No No
Forex Yes Yes
Funds No No
Bonds No No
Options No No
Futures No No
CFDs Yes Yes
Crypto Yes Yes

Visit broker More
74.32% of retail CFD accounts lose money

Verdict

IC Markets is a great forex broker.

Its forex fees are low and opening an account is fast and easy. Deposits and withdrawals are free of charge and the process is user-friendly. The education section on the website is great.

On the other hand, IC Markets offers only forex and CFD products for trading. In addition, live chat support could be better, and non-EU clients are not covered by any investor protection scheme.

Feel free to try IC Markets as you can open an account within a day and there is no inactivity fee.

IC Markets
Summary IC Markets is a global forex and CFD broker. The company is regulated by finanacial authorities globally, including the top-tier ASIC.
Fees score 4.6 stars
Recommended for Forex and CFD traders who value easy account opening and free deposit/withdrawal options

Visit broker More
74.32% of retail CFD accounts lose money

Royal alternatives
Royal

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.

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

Pros Cons
Low non-trading fees Slim product portfolio
Many deposit options Most withdrawal methods carry a fee
Great research tools No webinars and platform tutorial videos

Fees
3.0

Royal has average trading fees. It's great that no inactivity fee is charged. However, most withdrawal options other than bank transfer carry a fee.
Pros Cons
No inactivity fee High CFD fees, Most withdrawal methods carry a fee
Royal alternatives trading fees
Royal Eightcap TMGM Fusion Markets IC Markets
EURUSD benchmark fee $15.6 $12.7 $14.0 $11.8 $12.3
EURGBP benchmark fee $12.7 $9.8 $11.8 $8.5 $8.3

Includes spreads, commissions, and financing rate for opening a $20k position, holding for a week, and closing.

Account opening
5.0

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
Royal alternatives minimum deposit and account open times
Royal Eightcap TMGM Fusion Markets IC Markets
Minimum deposit $50 $100 $100 $0 $200
Time to open account 1 day 1 day 1 day 1 day 1 day

Learn more about Royal minimum deposit here.

Deposit and withdrawal
4.6

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

Web trading platform
2.8

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 - Web trading platform
Royal and alternatives trading platform scores
Royal Eightcap TMGM Fusion Markets IC Markets
Web platform score 2.8 stars 3.1 stars 2.8 stars 2.8 stars 2.8 stars
Mobile platform score 3.8 stars 3.8 stars 3.8 stars 3.8 stars 3.8 stars
Desktop platform score 3.4 stars 3.4 stars 3.4 stars 3.4 stars 3.4 stars

Learn more about Royal's web trading platform in the detailed Royal review.

Markets and products
1.8

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 and alternatives markets and products
Royal Eightcap TMGM Fusion Markets IC Markets
Stocks No No No No No
ETFs No No No No No
Forex Yes Yes Yes Yes Yes
Funds No No No No No
Bonds No No No No No
Options No No No No No
Futures No No No No No
CFDs Yes Yes Yes Yes Yes
Crypto Yes Yes Yes Yes Yes

Verdict

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

Royal has low non-trading and high 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.

Royal
Summary Royal is an Australian forex broker. It is regulated by many regulators globally, including the top-tier Australian ASIC.
Fees score 3.0 stars
Recommended for Traders looking for low forex fees and preferring the MetaTrader platform

Royal alternatives
Bottom line

Based on our analysis, there are several good alternatives to Royal. They all offer similar products and target similar customers. Here's a recap of the results in a table.

Royal alternatives
Broker Info Recommended for
Royal Global forex broker Traders looking for low forex fees and preferring the MetaTrader platform
Eightcap Global forex broker Forex traders who prefer the MetaTrader platform
TMGM Global forex broker Forex traders who prefer the MetaTrader platform
Fusion Markets Australian forex broker Forex traders looking for low fees and a chance to use the MetaTrader 4 platform
IC Markets Global forex broker Forex and CFD traders who value easy account opening and free deposit/withdrawal options

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

Author of this article

Krisztián Gátonyi

Author of this article

Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. He received his MSc degree in International Business from the University of Middlesex. 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 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. He received his MSc degree in International Business from the University of Middlesex. 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

Visit Royal
86.67% of retail CFD accounts lose money
Visit Eightcap
74-89% of retail CFD accounts lose money
Visit TMGM
68% of retail CFD accounts lose money
Visit Fusion Markets
74-89% of retail CFD accounts lose money
Visit IC Markets
74.32% of retail CFD accounts lose money

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