Forex Royalty

Forex Royalty is a forex broker registered in the United Kingdom, established on 7 January 2021. The company operates under the legal entity registered at Kemp House, 160 City Road, London, EC1V 2NX. Despite its UK registration, Forex Royalty does not hold any regulatory licence from the Financial Conduct Authority (FCA) or any other financial regulator, which is a significant point for potential traders to consider.

The broker presents itself as an online trading provider offering access to multiple asset classes through the MetaTrader 5 (MT5) platform. Its product range includes currencies, metals, commodities, cryptocurrencies, and indices, catering to both retail and professional traders. However, due to the lack of regulatory oversight, traders should exercise caution when evaluating the broker's offerings.

Forex Royalty is registered as a company in England and Wales, with its registered address at a standard virtual office location in London. Company incorporation alone does not equate to financial regulation. The broker is not authorised or regulated by any recognised financial authority such as the FCA, CySEC, or ASIC. This absence of regulatory oversight means that client funds are not protected by any investor compensation scheme or regulatory ombudsman.

In the UK, offering financial services without FCA authorisation is generally prohibited, but the broker may be operating under an exemption or targeting clients outside the UK. Regardless, the lack of regulation is a critical risk factor, as it removes a layer of accountability and client protection. Traders should verify the legal status of the broker before committing funds.

Forex Royalty offers three account tiers: STANDARD, ECN, and PROFESSIONAL, each with varying minimum deposits and maximum leverage. The STANDARD account requires a minimum deposit of $1,000 and offers leverage up to 1:500, making it accessible to retail traders with modest capital. The ECN account has a $5,000 minimum deposit with leverage up to 1:300, designed for traders seeking tighter spreads and direct market access.

The PROFESSIONAL account targets high-net-worth individuals with a $25,000 minimum deposit and leverage capped at 1:100. This account is likely intended for experienced traders who meet the criteria for professional status under applicable regulations. Notably, the broker claims spreads on the EUR/USD pair can start from 0.0 pips, although this likely applies only to the ECN or PROFESSIONAL accounts with a commission structure.

The broker exclusively offers the MetaTrader 5 (MT5) platform, a widely used multi-asset trading platform known for its advanced charting, automated trading capabilities, and extensive analytical tools. MT5 supports a range of order types and provides a user-friendly interface suitable for both beginners and experienced traders. Forex Royalty provides access to trading instruments across five asset classes: forex (currency pairs), metals (spot gold and silver), commodities (oil, natural gas, etc.), cryptocurrencies (Bitcoin, Ethereum, etc.), and indices (S&P 500, FTSE 100, etc.).

The range of instruments is typical for a modern CFD broker, allowing traders to diversify their portfolios within a single account. However, the broker does not disclose the number of instruments available or any details about execution models, liquidity providers, or swap rates. Traders may need to open a demo account or contact support to obtain further information.

Forex Royalty is a relatively new broker with a UK corporate presence but no regulatory licence. The high leverage options (up to 1:500) and low advertised spreads may appeal to speculative traders, but the absence of regulation means there is no external oversight or compensation scheme if the broker fails or engages in malpractice. The minimum deposits are relatively high compared to industry averages, which could be a barrier for smaller traders.

Our FXCanary Scam Risk Score of 43/100 (Guarded) reflects these concerns. Traders are advised to perform thorough due diligence, consider using only regulated brokers, and never risk more than they can afford to lose. The lack of independent user reviews further complicates the assessment, as there is no track record of client experiences.