Online brokers compared for fees, trading platforms, safety and more. See how Passfolio stacks up against Royal!
Last update of data—Dec 2022
Passfolio is a US-based commission-free stockbroker focusing on Brazil. It is regulated by both FINRA and SEC, and is available globally for clients.
Royal is an Australian forex broker. It is regulated by many regulators globally, including the top-tier Australian ASIC.
Recommended for beginners and long-term investors focusing on the US stock market.
Recommended for traders looking for low forex fees and preferring the MetaTrader platform.
Passfolio
Passfolio is a US-based commission-free stockbroker focusing on Brazil. It is regulated by both FINRA and SEC, and is available globally for clients.
Recommended for beginners and long-term investors focusing on the US stock market.
Royal
Royal is an Australian forex broker. It is regulated by many regulators globally, including the top-tier Australian ASIC.
Recommended for traders looking for low forex fees and preferring the MetaTrader platform.
Passfolio's service is slightly better than Royal's and a comparison of their fees shows that Passfolio's fees are lower than Royal's.
Account opening takes about the same effort at Passfolio compared to Royal, deposit and withdrawal processes are more complicated at Passfolio, while customer service quality is similar to Royal's.
Our experts rated the trading platform of Passfolio as somewhat better than the platform of Royal, found that clients have access to slightly more markets and products with Passfolio, while Royal provides better research and education.
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.
Brokers displayed might not be available in United States.