Note: FIN ROYALTYs official site - https://www.finroyalty.com is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
What is FIN ROYALTY？
FIN ROYALTY is a broker offering a feature-rich environment for trading, including high leverage (up to 1:400), the popular MT4 platform, and a diverse selection of assets (indices, precious metals, currencies, commodities, stocks, and crypto).However, these advantages are eclipsed by major drawbacks. For example, its high minimum deposit starts from $1,000 and its unregulated status.
Pros & Cons
Pros:
High leverage: FIN ROYALTY offers high leverage of up to 1:400, providing traders with the opportunity to amplify their positions and potentially maximize their returns on investment.
User-friendly platform: FIN ROYALTY offers globally popular MT4 system, renowned for its comprehensive tools and features designed to enhance trading efficiency.
Various market instruments: Offers a broad selection of investment options, including indices, precious metals, currency pairs, commodities, stocks and crypto coins.
Cons:
Not regulated: Lack of regulatory oversight raises significant concerns about the safety and security of investment funds.
No demo account: Investors are not directly able to open a demo account with FIN ROYALTY.
High minimum deposit: The cheapest account costs $1000 to open up, almost five times as much as FIN ROYALTYs peers require at most.
Is FIN ROYALTY Legit？
FIN ROYALTY currently has no valid regulation. FIN ROYALTY is an offshore broker, as they should have been, if they wanted legally to offer their services on regulated markets like the European Union, including the UK. What is even worse, Finroyalty turned out to be in the latest warnings lists of the Spanish Comisión Nacional del Mercado de Valores (CNMV) and CONSOB in Italy.
Market Instruments
FIN ROYALTY offers a diverse selection of financial instruments. Traders can access contracts for difference on major stock market indices, precious metals like gold and silver, and a vast selection of currency pairs exceeding 40. Additionally, FIN ROYALTY offers CFDs on popular commodities, individual stocks, and a basket of cryptocurrencies including Bitcoin, Ethereum, Ripple, Dash, Litecoin, and Ethereum Classic. This extensive variety allows traders to create diversified portfolios and capitalize on opportunities across multiple asset classes.
Account Types
FIN ROYALTY offers tiered account options to suit different investor needs. The Classic Account serves as the entry point, requiring a minimum deposit of $1,000. For those seeking potentially more features or benefits, FIN ROYALTY offers Gold, Platinum, and VIP accounts with progressively higher minimum deposit requirements: $10,000, $25,000, and $100,000 respectively. It's important to carefully consider the minimum deposit requirements and any associated benefits before selecting an account type.
Leverage
FIN ROYALTY offers a maximum leverage of 1:400 across all their account types (Classic, Gold, Platinum, VIP).Leverage allows traders to control a larger position than their deposit would typically allow, but it amplifies both potential profits and losses. It's important to understand the inherent risks involved in leverage trading before utilizing it.
Trading Platform
FIN ROYALTY provides the widely recognized MetaTrader4 platform for trade execution. While not directly branded by FIN ROYALTY, the platform is supplied through a third-party company, Algo Trade Limited. Despite this, MT4 remains a reliable and popular choice for traders due to its extensive range of features. These features include customizable market indicators, the ability to run automated trading bots, and a comprehensive suite of charting tools.
Deposits & Withdrawals
FIN ROYALTY's minimum deposit requirement of $1,000 is significantly higher than the industry standard for a basic account, which typically starts around $200. This could be a disadvantage for new traders seeking to start with a smaller investment.
While FIN ROYALTY appears to accept credit and debit cards (VISA and MasterCard), they do not seem to accept Skrill, a popular e-wallet provider known for its recent anti-scam policy that prioritizes partnerships with regulated brokers. This could be a red flag considering FIN ROYALTY's lack of regulation.
Customer Service
The company is located at Suite 305, Griffith Corporate Centre P.O.Box 1510, Beachmont Kingstown, St.Vincent and the Grenadines.
To contact Fin Royalty, their support team can be reached via phone and email.
Phone: +442038078270
Email: support@finroyalty.com.
Conclusion
FIN ROYALTY offers a tempting combination of high leverage (up to 1:400), a popular trading platform (MT4), and a wide range of instruments (indices, metals, currencies, commodities, stocks, crypto). However, these features are overshadowed by serious red flags. The lack of regulation raises significant security concerns about deposited funds. The absence of a demo account makes it difficult to test the platform before committing real capital. Furthermore, the minimum deposit of $1,000 is significantly higher than the industry standard.
Frequently Asked Questions (FAQs)
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
