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Royal app Review 2024

Your expert
Krisztián G.
Fact checked by
Tamás D.
Updated
Mar 2024
Personally tested
Data-driven
Independent

Royal app

As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.

In this article we'll check whether Royal's mobile app ticks all the boxes.

Overall, we rate the user-friendliness of the app as better than average.

Royal mobile app vs. similar brokers
Mobile app rating (5 is the best)
3.3 stars 3.3 stars 3.3 stars
User-friendliness
Great Great Great
2-step authentication
No No No
Biometric authentication
No No No

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73% of retail CFD accounts lose money

We're going to take a closer look at search functions, price alerts and order types, so all the little details that determine whether a trading app is user-friendly or downright cumbersome. If you want to read our full review, including fees, deposit options and other platforms (like web and desktop) then skip to the Royal review.

Disclaimer: 73% 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.

Royal app

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73% of retail CFD accounts lose money

BrokerChooser score
3.5 3.5 /5
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73% of retail CFD accounts lose money

Our main checklist for the Royal app

Let's start with the search functions. Although most brokers do OK in this area, there are some bad apples out there. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?

Royal got the green light, meaning its search functions are reasonably good.

Royal checklist
Search functions
Great Great Great
2-step authentication
No No No
Biometric authentication
No No No
Price alerts in the app
No No No
Confirmation after successful trade
No No No

We hear horror stories almost every month about accounts being emptied out by hackers - the easiest thing you can do to prevent these attacks is to make your account secure by enabling 2-step authentication. That is, if your broker offers this service. We think it is a must. As Royal doesn't have this functionality, you might want to consider having a look at another trading platform.

We didn't like that you can't use biometric authentication to log in to the app. Most brokers have this function (e.g. via fingerprints or FaceID) to save you from having to type in your password every time, making it a convenient feature.

You cannot set price alerts in the Royal app. Yes, you can use a third-party app for this, but wouldn't it be much easier to have it in the broker's own app?

Royal app search functions

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73% of retail CFD accounts lose money

Checklist for nice-to-have features

For some people it might be a deal-breaker if you can't set up a trailing stop limit - we totally get that. Others couldn't care less and also don't get excited if the app is available in 25 languages. Anyway, here is our checklist of minor, nice-to-have features:

Royal has these order types available in its app: Market, Limit, Stop.

At Royal you can use the following order terms & expiry in the app: Good 'til canceled (GTC), Good 'til time (GTT).

The Royal mobile app currently supports the following 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.

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73% of retail CFD accounts lose money

The BC Award-winning brokers

Still unsure about your broker selection? Click here to see which free stock trading apps are the best.

Or you could take a peek at the best trading platform awards we gave to brokers serving European clients.

If you're not in the US or the EU you'll find this award the most interesting.

Let us know what you think in the comments section.

If you would like a tailored recommendation you can use our broker finder tool, or you can learn more about investing your money.

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

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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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Krisztián Gátonyi
Author of this article
I have 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. I'm actively involved in reviewing the 100+ brokers listed on our site. I personally open accounts with real money, execute trades, test customer services. I hold an MSc in International Business from the University of Middlesex. My purpose is to help people find the best investment provider.
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