Review of Royal Financial Trading Broker

If you're considering opening an account with a financial trading broker, one option you may be considering is Royal Financial Trading (Cy) Ltd. Here's everything you need to know to make an educated decision.

Company Overview

Founded and operating online since 2008, Royal Financial Trading is a longstanding name in the industry. But does its experience equate to a superior service?

Account Features

Minimum Account Size

Royal has set their minimum account size at $50. This is a relatively low threshold, which could make it appealing to beginners or traders on a low budget.

Minimum Position Size

The minimum position size is 0.01, which, in line with the low minimum account size, makes this broker accessible for traders of all budgets.

Max Leverage

This broker operates with a unique leverage code 'recx52zZP99yNLYJi'. This unusual term could be a code for specific clients, proving that they might vary their leverage depending on individual client needs.

Spread

Royal has a low spread which is beneficial for most traders as it suggests lower trading costs.

Regulation

When it comes to regulation, Royal takes it very seriously. This is essential for any trader, as it lends credibility and trust to the broker.

US Traders

It should be noted that Royal does not allow US traders. This would limit the demographic of users who can avail their services.

Services

Royal offers several unique features that could be advantageous to users. Some features include trading by phone, which could be a boon for traders who prefer voice communication or are often away from their computer.

Moreover, they provide free education. This is a great feature for beginners, as it allows them to learn and grow as traders without any additional cost.

Furthermore, Royal offers MAM – Multi-Account Manager. This service can be useful for professional traders managing multiple accounts.

Royal also guarantees segregated accounts, which is an important security measure. This shows that the broker is taking steps to protect client funds by separating them from the company's own funds.

An extra incentive provided by Royal is their trading contests. These can be a fun and competitive way to trade, and potentially rewarding if you perform well.

Lastly, Royal provides a personal manager. This can be useful to traders, as they have a point-person available for addressing their queries or issues.

Conclusion

In conclusion, Royal is a well-regulated broker with some excellent features, particularly in terms of education and account management. Their minimum account size and position size make them accessible to traders on a lower budget. However, the fact that they do not accept US traders may deter some prospective users. As always, it is important to conduct your own research and consider your personal trading needs before choosing a broker.