Score
ROYAL TRADING
Hong Kong|2-5 years| https://www.royal-tradingcorp.com/
Website
Rating Index
Contact
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Hong Kong
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
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Website
royal-tradingcorp.com
Server Location
Singapore
Website Domain Name
royal-tradingcorp.com
Server IP
18.138.122.237
Company Summary
| ROYAL TRADINGReview Summary | |
| Founded | 2020-03-05 |
| Registered Country/Region | Hong Kong |
| Regulation | Suspicious Clone |
| Market Instruments | Forex, Commodity, Indices, Stocks, and Cryptocurrencies |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | From 0.6 pip(On All Majors) |
| Trading Platform | MT5(iOS, Android, and Web) |
| Min Deposit | $20 |
| Customer Support | Phone: +852 81209280 |
| Email:cs@royal-tradingcorp.cominfo@royal-tradingcorp.com | |
| Live Chat | |
ROYAL TRADING Information
ROYAL TRADING is a broker providing various tradable instruments, including forex, commodities, indices, stocks, and cryptocurrencies. Thebroker has different account types with a maximum leverage of 1:1000, such as ECN, High Leverage, and Islamic. The minimum spread is 0.6 pip and the minimum deposit is $20. ROYAL TRADING is still risky due to its Suspicious Clone status, high leverage, and bad reviews about difficulty withdrawing money.
Pros and Cons
| Pros | Cons |
| Leverage up to 1:1000 | Suspicious Clone |
| Spread from 0.6 pip | Bad reviews: Difficult to withdraw money |
| MT5 available | |
| Demo account available | |
| Various tradable instruments: forex, commodity, indices, etc. |
Is ROYAL TRADING Legit?
Regulated brokers are safer than unregulated brokers, but risks are inevitable. ROYAL TRADING is unsafe with Suspicious Clone, even though the broker claims to be regulated by ASIC and VFSC. In addition, some ROYAL TRADING traders said that it is difficult to withdraw funds.
What Can I Trade on ROYAL TRADING?
ROYAL TRADING provides forex, commodities, indices, stocks, and cryptocurrencies.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
ROYAL TRADING provides three types of accounts: ECN, High Leverage, and Islamic Account. Traders with less than $1000 can choose a High Leverage account, which offers leverage up to 1:1000 and spreads starting from 1.0 pip. Investors who prefer low leverage and tight spreads can choose ECN and Islamic Account.
| Account Type | ECN | High Leverage | Islamic |
| Leverage | 1:100/1:200 | 1:1000 | 1:100/1:200 |
| Minimum Deposit | $50 | $50 | $50 |
| Negative Balance Protection | Yes | Yes | Yes |
| Spread On All Majors | As low as 0.6 pip | As low as 1.0 pip | As low as 0.6 pip |
| Commission | No | No | Yes |
| Overnight interest | Charge or pay | Charge or pay | None |
ROYAL TRADING Fees
The spread is from 0.6 pip and the commission is free. ROYAL TRADING charges swap fees.
Overnight Interest = Settlement Price x Contract Size x Lot Size (Long /Short) x Days x Overnight Interest Rate (Long /Short) ÷ 360
Leverage
The maximum leverage is 1:1000, which means that profits and losses are magnified 1000 times.
Trading Platform
ROYAL TRADING has an authoritative MT5 trading platform and traders can choose different versions, such as iOS, Android, and Web to trade. Compared with MT4, experienced traders prefer MT5.
| Trading Platform | Supported | Available Devices |
| MT5 | ✔ | iOS, Android, and Web |
Deposit and Withdrawal
The minimum deposit is $20. ROYAL TRADING charges investors withdrawal fees starting at 0 and provides multiple deposit and withdrawal methods, including Debit Cards, Bank Accounts, and Cryptocurrency.
Customer Support Options
ROYAL TRADING provides 24/7 support and traders can contact via phone, email, and live chat.
| Contact Options | Details |
| Phone | +852 81209280 |
| cs@royal-tradingcorp.cominfo@royal-tradingcorp.com | |
| Live Chat | ✔ |
| Supported Language | English |
| Website Language | English |
| Physical Address | 3rd Floor Ellen Skelton Building 3076 Sir Francis Drake Highway Road Town, Tortola British Virgin Islands VG1110. |
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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