Royal

ROYAL TRADING is an online forex and CFD broker that began operations on February 18, 2022. According to regulatory records, the company is registered in the British Virgin Islands at 3rd Floor Ellen Skelton Building, 3076 Sir Francis Drake Highway, Road Town, Tortola. However, the broker’s official website states it is registered in the Cayman Islands, creating a discrepancy in its claimed jurisdiction.

Despite its recent founding, ROYAL TRADING has already established a web presence promoting a range of trading services. The broker targets retail traders with a focus on leveraged products, offering multiple account types and access to global markets including forex, commodities, indices, stocks, and cryptocurrencies. Its official domain is royal-tradingcorp.com.

Our records show that ROYAL TRADING holds a Forex Trading License (EP) from the Vanuatu Financial Services Commission (VFSC). Vanuatu is a widely recognized offshore jurisdiction known for minimal regulatory oversight, which may expose traders to higher risks. The broker’s website additionally claims authorization from the Australian Securities and Investments Commission (ASIC) with a representative number, but this is not reflected in the official ASIC register based on our cross-check.

The VFSC license is considered low-tier in the industry, offering limited investor protection. The broker also mentions a “Suspicious Clone status” in our risk assessment, which suggests potential concerns about the authenticity of its regulatory standing. Traders should exercise caution given the lack of independent verification and the conflicting claims regarding jurisdictions.

ROYAL TRADING offers three account types: ECN, High Leverage, and Islamic. All accounts require a minimum deposit of $50, according to the known facts, though the website mentions a $20 minimum deposit in some contexts. The ECN and Islamic accounts provide a maximum leverage of 1:200, while the High Leverage account offers up to 1:1000, catering to traders seeking aggressive exposure.

The broker advertises a minimum spread of 0.6 pips, which may vary based on market conditions. Leverage of 1:1000 is exceptionally high and increases the risk of substantial losses, especially for inexperienced traders. The Islamic account is swap-free, complying with Sharia law, and is available for eligible clients.

The broker provides the MetaTrader 5 (MT5) platform, a popular multi-asset trading platform known for advanced charting tools, automated trading, and fast execution. ROYAL TRADING also offers its own mobile app for iOS and Android. Traders can access over 70 instruments including forex pairs, commodities, indices, individual stocks, and cryptocurrencies.

Despite the broad range of instruments listed on the website, specific details about contract specifications, swap rates, and trading hours are not readily available. The platform supports both demo and live accounts, allowing users to test strategies before committing real funds.

ROYAL TRADING states that the minimum deposit to open a live account is $20, though the minimum to trade 0.01 lot is $10. Multiple payment methods are offered, including bank transfers, credit/debit cards, and presumably e-wallets, although exact methods are not specified. The broker claims to process withdrawal requests promptly, but aggregated industry data and user feedback indicate difficulties in withdrawing funds.

The company’s risk profile, including a high number of unresolved withdrawal complaints, raises red flags. Traders should verify withdrawal terms and conditions carefully before depositing. The lack of clarity on payment processors and potential hidden fees further complicates the picture.

ROYAL TRADING scores 47 out of 100 on the FXCanary Scam Risk Index, placing it in the “Guarded” category. This score reflects multiple risk factors: an offshore license from Vanuatu, inconsistent regulatory claims, a suspicious clone status, and negative user reports about withdrawal issues. The offering of 1:1000 leverage is a further danger sign, as it can amplify losses quickly.

Traders considering this broker should be aware of the limited recourse in case of disputes, given the lack of a robust regulatory framework. The high number of unresolved complaints in industry databases reinforces the need for caution. We recommend that traders prioritize brokers with stronger regulatory oversight and transparent operations.