Royal
XM
Basic data of broker
Recommended for Traders looking for low forex fees and preferring the MetaTrader platform
Recommended for Forex and CFD traders who prefer MetaTrader platforms and seek great account opening
Australia
Cyprus
Fees
Low forex, but high CFD fees
Average trading and non-trading fees, low CFD fees
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
12
10
Deposit type
Withdrawal type
Account opening
$50
$5
1 day
1 day
Proof of identity: valid passport or government ID, AND a driving license Proof of residency: utility bills, bank or credit card statement, tenancy contract or a residency certificate
Proof of identity: passport / national ID card / driver's license Proof of residency: bank statement / utility bill
Trading platform
Markets and products
Disclaimer: 86.67% 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.
Disclaimer: 74.89% 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.
Research, education
Mid-range
Mid-range
Customer service
Security
€20,000 for clients under CySEC
€20,000 for EEA residents, no protection for others
2006
2009
Australia, Cyprus, Lebanon, Saint Vincent and the Grenadines, Vanuatu
Cyprus, Australia, Belize, United Arab Emirates
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
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.
Royal's service is slightly weaker than XM's and a comparison of their fees shows that Royal's fees are higher than XM's.
Account opening takes about the same effort at Royal compared to XM, deposit and withdrawal processes are somewhat more complicated at Royal, while customer service quality is similar to XM's.
Our experts rated the trading platform of Royal as being of the same quality as the platform of XM, found that clients have access to slightly less markets and products with Royal, while XM provides just about the same quality of research and education.