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Overview of Royal fees and charges

We know that fees are on top of people's mind when selecting a broker. Brokerage fees consist of trading and non-trading fees. The most important trading fees are commission, spread, and financing rate.

  • Commission: it's charged when you execute a trade (either buy or sell). Commissions can be volume-tiered or flat fees. Nowadays, there are many commission-free brokers, click on the following links to check out the best free stockbrokers in the US and the EU.
  • Spread: it denotes the difference between the bid and ask price. When you trade forex or CFDs, spreads can make up a significant part of your trading costs.
  • Financing rate/overnight costs: if you trade on leverage, you may be charged for holding your positions overnight. This cost can be expressed as a percentage or in swap points.
  • Non-trading fees: these occur when you deposit and withdraw funds, or if you don't use your account for a certain period.

As Royal focuses on CFD and forex trading, the most important cost elements are spreads and financing rates (overnight fees), commissions less so.

Now, let's dive into the details and see what commissions, spreads, and financing rates Royal charges.

Royal commission and other fees
Royal commission and other trading fees

The good news is that Royal has low trading fees in general. We ranked the fees of Royal as low, average, or high based on how they compare with all reviewed brokers.

Check out this table to get an overview of whether Royal commissions, spreads, and financing rates for each asset class are low/average/high.

Classification of Royal trading fees
Royal Eightcap TMGM
Forex Low Low Low
CFD Low Low Low
Financing rate Low Low Low

Now let's go over the trading fees for each asset class one by one.

Royal forex commissions and spreads

Royal forex fees are low. Royal forex commissions and spreads for individual currency pairs are charged as per the table below.

Royal forex commissions and spreads
Royal
EURUSD fee description Classic zero account: the fees are built into the spread, 1.4 pips is the average spread cost during peak trading hours.
GBPUSD fee description Classic zero account: the fees are built into the spread, 1.5 pips is the average spread cost during peak trading hours.

Check out how Royal forex fees compare to its two closest competitors.

Royal forex fees vs competitors
Royal Eightcap TMGM
EURUSD benchmark fee $7.0 $5.6 $6.1
GBPUSD benchmark fee $4.8 $3.7 $4.9
AUDUSD benchmark fee $10.0 $3.3 $6.2
EURCHF benchmark fee $5.9 $4.2 $3.6
EURGBP benchmark fee $10.1 $6.4 $7.3

Forex fees are calculated for a $20,000 trade using 30:1 leverage

Royal CFD commissions and spreads

Royal CFD fees are low. Royal CFD commissions and spreads for different assets are charged as per the table below.

Royal CFD commissions and spreads
Royal
S&P 500 CFD fee Zero Classic account: The fees are built into the spread, 1.4 points is the average spread cost during peak trading hours.
Europe 50 CFD fee Zero Classic account: The fees are built into the spread, 3 pips is the average spread cost during peak trading hours.
Apple CFD Zero Classic account: The fees are built into the spread, 0.02 pips is the average spread cost during peak trading hours.
Vodafone CFD Not available

Below you can see how Royal CFD fees compare with those of Eightcap and TMGM.

Royal CFD fees vs competitors
Royal Eightcap TMGM
S&P 500 index CFD fee $1.4 $1.1 $0.2
Europe 50 index CFD fee $2.2 $1.0 $0.2
Apple CFD $0.1 $0.4 -
Vodafone CFD - - -

CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs

Royal financing rates

Royal financing rates are low. They make up a significant part of your trading costs if you hold your position for a long time.

Check out how Royal financing rates compare with those of Eightcap and TMGM.

Royal financing rates vs competitors
Royal Eightcap TMGM
EURUSD financing rate 1.2% 1.1% 1.2%
GBPUSD financing rate 0.7% 0.5% 0.8%
S&P 500 CFD financing rate 2.1% 2.2% 0.3%
Europe 50 CFD financing rate 2.1% 1.4% 0.2%
Apple CFD financing rate 4.0% 2.6% 3.6%
Vodafone CFD financing rate - - 3.6%

Royal commission and other fees
Royal non-trading fees

In addition to trading fees, it's important to see if Royal charges a fee on deposits, withdrawals, account maintenance, and inactivity. We compared these fees levied by Royal with its two closest competitors.

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

CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs

Royal commission and other fees
Bottom line

Hopefully, by now you have a clear picture of the commissions, spreads, financing rates, and non-trading fees charged by Royal and its closest competitors. To learn more about Royal, check out this detailed review. If you would like more information about fees in general, read this article about brokerage fees.

If you're not sure which broker to choose, get a personal recommendation from our broker recommendation algorithm or compare brokers with our broker comparison table.

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

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