Royal

Royal is a forex and CFD broker registered in Australia and founded on 28 April 2020. The broker operates the website royal-foex.hk, which serves as its primary online presence. According to regulatory records, Royal holds licences from both the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CYSEC), though the status of these licences is not specified in our records.

The broker's regulatory footprint spans two jurisdictions: Australia under ASIC, where it is authorised for market making (MM), and Cyprus under CYSEC, where it holds a forex execution licence (STP). This dual-registration suggests an intention to serve clients in both regions and beyond, but traders should verify the current validity and scope of these licences directly with the respective regulators.

Royal lists two regulators on its file: ASIC in Australia and CYSEC in Cyprus. ASIC oversight implies compliance with Australian financial services laws, including client fund segregation and dispute resolution. The CYSEC licence, while offering access to the European Economic Area under MiFID, is associated with a forex execution (STP) licence, meaning Royal may operate as an agent passing orders to liquidity providers.

However, the known facts leave the 'status' field blank for both licences, meaning we cannot confirm whether these authorisations are currently active, suspended, or revoked. Traders should treat this as a red flag and independently cross-check the broker's regulatory standing on the ASIC and CYSEC official registers. The FXCanary Scam Risk Score of 40/100 (Guarded) reflects this uncertainty and the limited publicly available information.

Our records do not specify the full range of instruments Royal offers, but as a forex and CFD broker, it is likely to provide access to currency pairs, indices, commodities, and possibly cryptocurrencies on a leveraged basis. The broker's ASIC market-making licence suggests it may act as a counterparty to trades, while the CYSEC STP licence points to a different execution model for European clients.

No information is available about the trading platforms Royal offers. Common platforms for brokers of this type include MetaTrader 4, MetaTrader 5, or proprietary web-based platforms. Traders interested in Royal should consult the official website for details on platform availability, charting tools, and order execution methods.

There are no specific account types or funding methods listed in our known facts. Typically, brokers offer tiered accounts such as Standard, Premium, or VIP with varying spreads, commissions, and minimum deposits. Royal may also provide Islamic (swap-free) accounts for clients requiring Sharia-compliant trading.

Deposit and withdrawal options likely include bank wire, credit/debit cards, and e-wallets such as Skrill or Neteller. However, without official confirmation, we cannot verify these details. Traders should approach with caution and seek clear information on fees, processing times, and withdrawal policies before funding an account.

Royal appears to target retail forex and CFD traders, given its regulatory classification under ASIC and CYSEC. The dual licensing suggests it aims to serve clients in the Asia-Pacific region via its Australian registration and in Europe via the Cyprus entity. The use of an .hk domain may indicate an additional focus on Hong Kong or Chinese-speaking traders.

However, the lack of user reviews and detailed public information makes it impossible to assess the broker's reputation among actual clients. The guarded risk score advises potential traders to exercise diligence and consider the limited transparency as a cautionary sign.