Royal fees explained

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Overview of Royal fees and charges

When trading or investing at an online broker, fees can have a big impact on your results, so it's good to know what kind of charges you'll be facing and how these compare to fees at other brokers.

If fees are your top concern, Royal is a poor choice, as it has high fees in general. Check our toplist for cheaper brokers.

I found Royal's trading fees fairly high

Krisztián Gátonyi

Forex • Market Analysis • Algo Trading

I've personally tested dozens of global brokers, carefully looking at their fees not just on their website but also in the course of live trading. Here's how Royal fared:

Royal charges high FX fees and high CFD fees.
There is no inactivity fee even if you leave your account idle for a long time.
The basic withdrawal fee is $0, but some transactions may cost more.
Read our full review of Royal for info on safety, trading platforms and funding.

Royal fees at a glance
Assets	Fee level	Fee terms
EURUSD	High	ECN account: $3.50 commission per lot per trade plus spread cost. 0.2 pips is the average spread cost during peak trading hours.
GBPUSD	High	ECN account: $3.50 commission per lot per trade plus spread cost. 0.4 pips is the average spread cost during peak trading hours.
S&P 500 CFD	High	The fees are built into the spread, 1.7 points is the average spread cost during peak trading hours.
Inactivity fee	Low	No inactivity fee

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73% of retail CFD accounts lose money

High FX fees

Royal forex fees
	Royal Royal	Eightcap Eightcap	TMGM TMGM
commission per lot	3.50	3.50	3.50
EURUSD spread Usual spread in pips	0.2	0.1	0.1
GBPUSD spread	0.4	0.2	0.2
AUDUSD spread	0.5	0.3	0.2
EURCHF spread	0.6	0.9	0.4
EURGBP spread Usual spread in pips	0.6	0.3	0.2

High CFD fees

Spread and commission for a $2,000 CFD trade
	Royal Royal	Eightcap Eightcap	TMGM TMGM
S&P 500 index CFD fee Includes all fees (spread, commission, financing rate) of a $2,000 20:1 position open, 1-week-hold, and close	$4.8	$2.8	$3.6
Euro Stoxx 50 index CFD fee Includes all fees (spread, commission, financing rate) of a $2,000, 20:1 position: open, hold for 1 week, and close	$13.4	$2.7	$4.1
Apple CFD fee Includes all fees (spread, commission, financing rate) of a $2,000, 20:1 position: open, hold for 1 week, and close	$4.7	$1.6	- Apple stock CFD is not available

No inactivity fee, no withdrawal fee

The broker does not charge an inactivity or account fee. There is also no deposit fee in most cases, but a withdrawal feeis charged on almost all withdrawal methods other than bank transfer. Scroll down a bit for more details on deposit and withdrawal fees.

Royal inactivity, withdrawal and other fees
Broker	Inactivity fee	Withdrawal fee
Royal		$0
Eightcap		$0
TMGM		$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.

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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.