About Royal Index
Background and Registration
Royal Index is a forex and CFD broker that was founded on 21 April 2020. The company is registered in Cambodia, with its official domain at royal-index.com. Its registered address is located at Vattanac Capital Tower No.66 (Unit #06-01/9), Preah Monivong Blvd, Sangkat Wat Phnom, 12202, Phnom Penh, Cambodia.
According to public regulatory records, Royal Index does not hold any financial services license or authorisation from a recognised regulatory authority. This absence of regulation is a significant factor for traders to consider, as it means the broker is not subject to the oversight and investor protection measures that regulated brokers must adhere to.
Regulatory Status
FXCanary's records confirm that Royal Index has no regulators on file. This places the broker in the category of unregulated entities, which carries inherent risks for clients. Without a license, there is no guarantee that the broker follows standard financial practices or maintains client fund segregation.
The lack of regulatory oversight means that traders have limited recourse in the event of disputes or financial loss. It is important for potential clients to fully understand these risks before considering an account with Royal Index.
Trading Platform and Instruments
Specific details about the trading platforms offered by Royal Index are not independently verified due to limited public information. However, as a retail forex and CFD broker, it is typical for such firms to offer platforms like MetaTrader 4 or MetaTrader 5, or a proprietary web-based trader. The range of tradable instruments likely includes major and minor forex pairs, indices, commodities, and possibly cryptocurrencies.
Without official website data, it is not possible to confirm the exact product offering. Traders are advised to exercise caution and seek detailed information directly from the broker before committing funds.
Account Types and Funding
Information on account types, minimum deposit requirements, and funding methods is not available from verified sources. Unregulated brokers may offer various account tiers with different spreads and leverage options, but these details remain unconfirmed for Royal Index.
Similarly, deposit and withdrawal methods are not specified. Traders should be aware that unregulated brokers may have less transparent policies regarding fund transfers and account management.
Risk Assessment
FXCanary has assigned Royal Index a Scam Risk Score of 48 out of 100, categorised as 'Guarded'. This score reflects the risks associated with trading through an unregulated entity. While not a definitive judgment of fraud, it indicates that the broker presents a higher-than-average risk profile.
Potential clients are urged to conduct thorough due diligence and consider the implications of trading with a broker that lacks regulatory oversight. The absence of verified user reviews further complicates the assessment of the broker's reliability.
Target Audience
Royal Index appears to target retail forex and CFD traders, particularly those who may be less concerned with regulatory status or who are seeking access to leveraged trading in a jurisdiction with minimal oversight. The broker's Cambodia base may appeal to traders in regions where local regulatory options are limited.
However, due to the lack of regulation, this broker is not suitable for traders who prioritise fund security, regulatory protection, or transparency. It is typically recommended that traders opt for brokers licensed by reputable authorities such as the FCA, CySEC, or ASIC.
Overview compiled by FXCanary from regulatory records and public data. full Royal Index review