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. They are also licensed and have offices in Cyprus and Lebanon. Customer support email address is: [email protected]. Their phone numbers are; Australia: +61 2 8284 5100, and Cyprus: +357 25 080 880. 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.
Royal Licenses & Regulations
When the Scam Broker Investigators 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.
- 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.
- Royal Financials SAL is licensed and regulated by the Capital Markets Authority (CMA) in Lebanon as a Financial Intermediary Institution, license # 15.
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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