ROYAL TRADES

Royal Trades is an online trading platform that presents itself as a multi-asset investment firm. According to our records, the entity was established on 27 January 2021 and is registered in Thailand, with a registered address at 9 S Sathon Rd, Thung Maha Mek, Sathon, Bangkok 10120. However, the company's website, royal-trades.com, claims to be a UK-registered firm under the name Exhale Wealth Limited. This discrepancy is a significant red flag for traders.

The broker offers four account types—Silver, Gold, Diamond, and Vip—with minimum deposits ranging from $50 to $16,000. It targets both retail and high-net-worth investors by promising flexible leverage up to 1:1000 and floating spreads from 0.8 pips. The platform supports MetaTrader 4 and a proprietary Webtrader interface.

Our research found no regulatory licences for Royal Trades on any official register. The broker's website asserts that it is 'duly registered and regulated in the United Kingdom', but it does not name the specific regulator or provide a verifiable licence number. Cross-checking with UK authorities such as the Financial Conduct Authority yields no matching entry. This absence of credible regulation places the broker in a high-risk category.

The company's registration in Thailand does not carry the same investor protection standards as major financial hubs. Without oversight from a reputable body, traders have no recourse in case of disputes or financial loss. FXCanary's scam risk score for Royal Trades is 75 out of 100, indicating severe risk.

Royal Trades structures its accounts by minimum deposit rather than by features or spreads. The Silver account requires only $50, making it accessible to beginners. The Gold account ($2,000) and Diamond account ($5,000) appear to be mid-tier options, while the Vip account demands $16,000. The broker does not publicly specify the spreads, leverage, or additional benefits for each tier.

The trading platforms listed are MetaTrader 4, a widely used retail trading platform, and its own Webtrader. The broker also promotes copy trading and mirror trading tools, allowing clients to follow expert advisors. According to its website, it has over 4,000 expert advisors available.

The broker claims to offer a broad range of financial instruments: forex trading on over 60 currency pairs, stock trading, options, mutual funds, commodities, indices, real estate, agriculture, infrastructure, and oil & gas. This range is unusually wide for a typical forex broker and may reflect the company's self-description as an asset management firm.

However, the website lacks detailed information on contract specifications, execution policies, or trading hours. The forex section highlights spreads as low as 0.0 pips on major pairs for a 'Razor account', which does not correspond to any of the four named account types. This inconsistency suggests that the broker's product offering may be poorly defined.

Royal Trades accepts only cryptocurrency deposits: Bitcoin, USDT, and Ethereum. This is a common pattern among unregulated brokers, as crypto payments are irreversible and difficult to trace. The website does not mention any fiat currency options, withdrawal processing times, or fees.

Traders should be cautious: the exclusive use of cryptocurrency can be a sign that the broker aims to avoid banking scrutiny. Additionally, the FAQ does not address how or when withdrawals are processed, which is a critical gap for potential investors.

Royal Trades presents itself as a sophisticated multi-asset platform with high leverage and low deposits, but the contradictory registration details and complete lack of verifiable regulation overshadow its claims. The broker's unknown ownership structure and exclusive reliance on cryptocurrency funding increase the risk profile.

For cautious traders, the absence of regulatory oversight and the high scam risk score (75/100) should be sufficient grounds to avoid this broker. Independent reviews are nonexistent, and the company's longevity is limited to only a few years. Without independent verification of its trading conditions or client protections, Royal Trades cannot be recommended for any serious trading activity.