Royal (oneroyal.com) Review

Royal is the business name of a family of financial companies authorized and regulated in various jurisdictions around the world. Royal Financial Trading (Cy) Ltd (oneroyal.com/eu) is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 312/16.

Customers can trade nearly 50 currency pairs (majors, minors, and exotic ones), commodities and indices through the one of the world’s most admired trading platforms – MetaTrader 4 (MT4). You can get MT4 on any iOS or Android device, or you can use it directly from your browser without having to install anything. However, you will get the most out of the MT4 terminal if you use its version for PC or MAC.

The company offers two main account types – Zero (commission free trading) and Core (raw spread plus commission).

Each main account consists of three subtypes – Classic, Premium and VIP. The Classic account requires at least USD50 to open and the spread for the EUR/USD pair starts as 1.4 pips. The Core Classic sub account provides near zero spreads and a USD7/lot fee. You need to invest USD20,000 to open a Premium account and the spread for the EUR/USD pair will narrow down to 1 pip. The Core Premium sub account provides near zero spreads and a USD5/lot fee. The VIP account requires at least USD100,000 to open offers the lowest spread for major currency pairs starting at 0.6 pips. The Core sub account offers near zero spreads and a commission of USD3.5/lot. Accounts can be funded by credit/debit card, bank wires, Skrill and Neteller.

There is an educational section on the website that provides useful information through video tutorials. Another section on the website is dedicated to Royal’s partnership programs. Here you can find how you can become an introducing broker (IB) or use the company as a liquidity provider.

We look at the legal section of the website and the Risk Disclosure document informs that stop loss orders are not guaranteed. It says that placing a stop loss order will not necessarily limit your losses to the intended amounts because market conditions may make it impossible to execute such an order at the stipulated price. In addition, under certain market conditions, the execution of a stop loss order may be worse than its stipulated price and the realized losses can be larger than expected. The Order Execution Policy reveals that all orders are subject to slippage and will be filled at the next available price if you use a market execution model. In case of an instant execution model, a new price (requote) will occur and you must either agree to it or reject it. The same document also shows that the company acts either as principal, or riskless principal, and not as agent when executing client orders. That means it acts as a market maker and it is not necessary to transmit all client orders to its liquidity providers. It is the counterparty of all client orders, and this leads to a conflict of interest as the company benefits from customer losses.

The Client Agreement document shows that the company ensures that losses will never exceed the total available funds across the Clients’ portfolio and/or account, so there is negative balance protection.

We can conclude that Royal Financial Trading (Cy) Ltd (oneroyal.com/eu) is a strictly regulated company that must comply with the CySEC requirements. It offers the most used online trading platform and you can choose from several types of accounts, but stocks are not available for trading. The company obviously acts as a market maker but provides negative balance protection. In addition, you need to be careful about which company you are dealing with, because the oneroyal.com site engages with an unregulated firm.