Royal (formerly RFXT) is a licensed and regulated Forex broker with a global presence.
Owned by Royal Financial Trading Pty Ltd, they are located at: Level 31, Grosvenor Place, 225 George Street, Sydney, NSW 2000 Australia. Customer support email address is: [email protected]. Their phone numbers are; Australia: +61282845100, and Cyprus: +35725080880.
Official website of the broker is: https://OneRoyal.com.
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Investors and traders at Royal can use the MetaTrader 4 (MT4) trading platform, as a desktop software, or web trader or mobile trading apps. This broker has also developed their own MT4 accelerator, which offers you add-on’s for your trading platform.
Social trading is available via the external companies ZuluTrade and MyFXBook. You can choose to trade with a standard account, or a Pro account. The difference between the two account types is the required minimum deposit of $50 versus $1,000. Spreads are slightly wider on the standard trading account, and when you go with a Pro account, you pay commissions.
Is Royal a Regulated Broker?
Yes, depending on your residency determines which regulator you will fall under. Besides CySEC and ASIC, for international clients Royal is registered in Vanuatu or Saint Vincent and Grenadines.
- Royal Financial Trading Pty Ltd is authorised and regulated by the Australian Securities and Investments Commission (ASIC), with an AFSL license number of 420268.
- Royal Financial Trading (CY) Ltd is licensed and regulated in Europe by CySEC, with license number: 312/16.
When the Scam Broker Investigator reviews a Forex or Crypto, there are many aspects of the broker we look into. The first item that we look for, to determine if a broker is a legitimate broker or a scam is, are they licensed and regulated by a financial regulatory agency.
Trading at a Forex broker that is licensed by ASIC Australia, is always going to be a smart decision. You know that your funds are secured, and that they follow the laws of Australia.
You can read more about licensed Forex brokers, see here.
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