Royal (also known as RFXT or One Royal) is an Australian Forex/CFD broker incorporated in 2006. It works in a clean ECN model, which won the sympathy of the clients from around the world.
It provides its services through three companies, one registered in Australia and operating under the ASIC license, the other registered in Cyprus and operating under the CySEC license, and two other under Vanatu and St. Vincent and Grenadines.
The broker offers a large number of currency instruments, which is why it is especially recommended for traders trading frequently in the forex market. The maximum leverage for the offshore branch is 1:400, while in the case of CySEC, the standard is 1:30.
One Royal offer
The broker offers access to many CFD instruments, we will describe the full offer below.
If you want to see exactly what the spreads for individual instruments look like, go here and choose the instruments that interest you.
Forex / Currencies
Royal offers access to over 60 currency pairs, starting with major pairs, through various currency crosses, and ending with exotic pairs.
The offer for metals is quite poor, as the broker only offers the possibility of trading gold and silver.
Another instrument is CFDs on oil, both Brent and WTI.
Stock indices, i.e. indices of the largest companies from various exchanges around the world. In this case, we have access to 18 indices, such as DAX, S&P 500 or Nikkei 225. Unfortunately, we will not find indices from the small exchanges.
Cryptocurrency CFDs provide exposure to the highly volatile crypto market. Roayl currently offers the possibility of trading, among others such cryptocurrencies as Bitcoin, Litecoin, Ethereum or XRP.
Stocks, and more specifically CFDs on stocks, allow speculation with stocks of the largest companies from around the world. One Royal offers access to nearly 100 shares of such giants as Google, Intel, Meta and JPMorgan.
One Royal accounts
When you decide to trade at Royal, you can choose one of two account types – ZERO and CORE. Additionally, each account is divided into 3 sub-types depending on the level of the deposit you make.
ZERO is an account with no additional commission on trading. However, spreads can be a bit higher for this reason.
The account is divided into Classic ($50-$9,999 deposit), Premium ($10,000-$49,999) and VIP (>$50,000). The spreads on the Classic account start from 1.4 pips, on Premium from 1 pips and on VIP from 0.6 pips.
CORE is an account with very low spreads starting at 0 pips. In return, however, we have to pay a commission on the concluded transactions, which are as follows:
- Classic – $ 7 / lot
- Premium – $ 5 / lot
- VIP – $ 3.5 / lot
It is worth adding that it is a full commission, i.e. for opening and closing a position in total.
The available platforms on both accounts are MT4 / Webtrader / Multi Terminal.
As the base currency of the account, we can choose one of USD · EUR · AUD · GBP · CAD · HKD · NZD · SGD · CHF · PLN · LBP · BTC.
Is the Royal broker safe?
Yes, the broker has been operating on the market since 2006 and has many licenses that allow it to offer investment services.
Is One Royal legal?
Yes, the broker is licensed in various jurisdictions: Royal Financial Trading (Cy) Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) with License number 312/16. Royal Financial Trading Pty Ltd is regulated by the Australian Securities & Investments Commission (ASIC - AFSL 420268). Royal ETP LLC is registered in Saint Vincent and the Grenadines under Company Number 149LLC2019. Royal CM Limited is regulated by Vanuatu Financial Services Commission (VFSC) with License Number 700284.
What can you invest in with One Royal?
Royal offers trading CFDs on Forex (currencies), Metals, Indices, Stocks, Cryptocurrencies and Commodities.
Is the One Royal account free?
Yes, the broker charges a commission and spreads on the transactions made.