OneRoyal Review

Trust

In our trust category, we place most importance on how a broker is regulated. Here, we’ll cover how the different entities of OneRoyal across the globe are regulated and how this impacts you as a trader. We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust.

• Royal Financial Trading Pty Ltd is licensed and regulated by the Australian Securities & Investments Commission (ASIC) with license number AFSL 420268. We rate ASIC as a Tier 1 regulator.
• Royal Financial Trading (CY) Ltd is licensed and regulated by the Cyprus Securities & Exchange Commission (CySEC) with license number 312/16. We rate CySEC as a Tier 1 regulator.
• Royal CM Limited is regulated by Vanuatu Financial Services Commission (VFSC) with License Number 700284. We rate VFSC as a Tier 3 regulator.
• Royal Financials SAL is licensed and regulated by the Lebanese Capital Markets Authority (CMA). We rate CMA as a Tier 2 regulator.
• Royal ETP LLC is registered in Saint Vincent and the Grenadines (FSA) under Company Number 149LLC2019. We rate FSA as unregulated.

Why is it important to know where your broker subsidiary (entity) is regulated?

Different regulators provide different levels of protection. Regulators do not always guarantee negative balance protection, segregated funds and a compensation scheme. Available leverage also varies according to the regulator.

In the table below we break down the client protections, regulator and available leverage for each entity of OneRoyal.

Regulatory requirements are subject to change. The data listed above was gathered in March 2022.

Stability and Transparency

In our tests for the Trust category we also cover factors relating to stability and transparency. Here, we focus on how long the broker has been in business, the size of the company and how transparent they are in terms of information being readily available.

OneRoyal has a lengthy operating history of 16 years. According to their LinkedIn page, the company is headquartered in Sydney, Australia and has over 120 employees.

In our research, OneRoyal showed a good level of transparency in their regulatory status, with a detailed listing of all their entities and their regulators on their Regulations page.

Costs of trading via spreads are clearly outlined in the Markets section. Here you can see the minimum spread and average spread for each trading instrument. On the Our Story page, OneRoyal shares the history of the company. The Client Agreement can be found during the registration process. We rated OneRoyal as having a high level of transparency, better than average for the industry.

Fees

Trading Fees

We tested the spreads at OneRoyal across different asset classes using the MetaTrader 4 platform. The test was done at 8AM GMT and at 3PM GMT on March 24th 2022. We made our tests at two different times to allow greater perspective. 8AM GMT is the London open, when there is a great deal of liquidity in the forex market and sometimes tighter spreads. 4PM GMT is during the New York trading session.

We rated spreads as being most competitive among currency pairs (forex) and least competitive in CFDs on indices.

Swap Fees

When holding a leveraged position overnight at a forex and CFD broker, traders are typically charged what is called a swap fee or overnight financing fee. This reflects the interest rate that is charged or earned.

In the table below you can see the Swap Long (the cost/credit of holding a buy position overnight) and the Swap Short (the cost/credit of holding a sell position overnight) for one full sized contract. A full sized contract is 100,000 units of the base currency (the first currency quoted in the pair).

We judged that swap fees at OneRoyal were average for the forex and CFD industry. The data was recorded on March 23rd 2022.

Non-Trading Fees

OneRoyal does not charge any opening, closing or inactivity fees.

Are Fees at OneRoyal Competitive?

Spreads are relatively good at OneRoyal, even when working with a low opening account balance. Keep in mind that more competitive spreads are available with the CORE account and with higher account balances. The absence of account related fees is definitely a plus.

Platforms and Tools

MetaTrader 4 Desktop

OneRoyal offers MetaTrader 4 for desktop, which includes advanced functions such as copy trading and automated trading.

MetaTrader 4 is available in 39 languages, from Arabic to Vietnamese. The platform provides popular features such as:

• Alerts. This feature allows traders to be updated when an instrument reaches a specific price level. Alerts can be delivered via audio, an email, or a push notification to a mobile device.
• Watchlists. Traders can set up a list of their favorite instruments and follow live quotes in a panel called Market Watch.
• One-click trading. This feature allows traders to execute orders with a single click and no secondary confirmation. Being able to place a trade with a single click saves time and is especially useful for short term traders.
• Trading from the chart. MT4 also allows users the convenience of trading directly from the chart.

MetaTrader also delivers when it comes to the range of available order types and its charting functionality. The following order types are available:

• Market Order. This is an order to buy or sell an instrument at the current best available price.
• Limit Order. This is an order to buy or sell an instrument at a specified price or better.
• Stop Loss Order. This is an order to buy or sell an instrument that is triggered when price reaches a specified level.
• Trailing Stop Order. This is a stop loss order that can be set at a defined percentage or dollar amount away from an instrument’s current market price. It is used to secure profits when you are in a winning trade, while not having to exit the position.

Charting features are robust. MetaTrader 4 offers:

• 30 technical indicators. These include classic trend indicators, volume indicators and oscillators.
• 23 analytical objects. These include lines, channels, Gann and Fibonacci tools.
• 9 time frames Each instrument can be displayed in nine time frames, from one minute to one month.
• 3 chart types. Traders can choose between Bar Charts, Japanese Candlestick Charts and Line Charts.

MetaTrader is also popular due to its copy trading and automated trading features.

• Trading Signals. Signals in MetaTrader 4 allow users to automatically copy the activity of other traders in real time.
• Automated trading. MetaTrader 4 allows users to develop, test and apply Expert Advisors (EAs). EAs are programs that monitor and trade markets using algorithms. They find opportunities according to set parameters and then either create a notification or automatically open a trade.

The MetaTrader 4 desktop platform is one of the most feature rich and popular trading platforms in the world. It does not have the most beautiful interface and it does require some time and effort to learn, but that is typical of advanced platforms.

MetaTrader 4 Web

The MetaTrader Web Platform (Web Trader) is a slightly stripped down version of the desktop platform. It allows you to trade without any additional software, only an internet connection is required. The Web Platform allows users to trade directly from any browser and operating system.

Popular features include:

• One-click trading.
• Trading from the chart.
• Watchlists with real time quotes.
• Trade History.
• Advanced charting with 30 indicators for technical analysis.

Copy trading and automated trading are also only available on the MT4 desktop platform.

MetaTrader 4 Mobile App

For mobile trading, OneRoyal offers the MetaTrader 4 mobile app, which is available for Android and iOS. The app offers popular features such as alerts, 1-click trading and trading from the chart.

The MetaTrader 4 mobile app also provides a broad range of order types including pending and stop-orders. However, trailing stop loss orders are only available from desktop. In order to change the language of the MT4 app, you must change the language for your entire phone. As with desktop and web, the interface is not the most intuitive but the MT4 app offers an above average range of features.

Order Execution

OneRoyal is an STP broker. Client orders are executed through their system and sent to multiple liquidity providers. There is no dealing desk intervention.

Tradable Instruments

CFDs (Contract for Differences) are financial derivative products that allow traders to speculate in various markets without owning the underlying assets. Tradable instruments at OneRoyal include the following assets:

• 63 Currency Pairs. A currency pair combines two different currencies, with the value of one currency quoted against the other. For example EUR/USD, which reflects the value of the euro measured in dollars.
• 18 Index CFDs. An index is a basket of trading instruments that is used to gauge a market sector, stocks within an exchange or the economy of a country.
• 7 Cryptocurrency CFDs. Cryptocurrencies, such as Bitcoin, are digital currencies that are secured by cryptography.
• 88 Stock CFDs. A stock is a security that represents partial ownership of a corporation. Keep in mind that when trading stock CFDs you are speculating on the price of a stock without actually taking ownership of the underlying company.
• 7 Commodity CFDs. Commodities are raw products, such as gold, oil and metals.

In the tables below, you can see a selection highlighting the variety of instruments available at (broker):

Overall, we rated OneRoyal as being strong in the areas of forex, shares, indices and crypto. We found room for improvement in the variety of commodity CFDs available.

Customer Service

Support responses were fast at OneRoyal, with phone operators answering within a couple of rings, chat support almost immediately there to help and emails responded to the same day.

We tested support with a variety of questions, covering subjects such as how long it takes to process withdrawal requests via bank wire, the order execution policy at OneRoyal and whether they charge an inactivity fee.

Operators were competent and well versed in CFDs and forex. Overall the support was better than average for the industry.

Deposits & Withdrawals

In the tables below we break down the fees and processing times for each deposit and withdrawal method.

Deposits

Withdrawals

Account Opening

Account Application

The application takes less than 10 minutes to complete. To open an individual account at the Royal CM Limited (oneroyal.com) entity, regulated by the Vanuatu Financial Services Commission (VFSC), prospective clients must provide the following information:

• Name.
• Email.
• Mobile Number.
• Regulator (Vanuatu VFSC, Cyprus CySEC, St. Vincent and the Grenadines FSA)
• Title.
• Middle name.
• Residential address.
• Citizenship.
• Gender.
• ID Document Type (Passport, National ID).
• Employment status.
• Annual Income.
• Estimated net worth.
• Source of funds.
• Whether you are you a politically exposed person.
• Whether you are you a US taxpayer.
• Expected trading capital.
• Whether you are currently pending in Bankruptcy proceedings or an undischarged bankrupt.
• Whether you fully understand the risks involved in trading leveraged products.
• Length of trading experience in securities, options, commodities, futures, FX/CFDs.
• Account type (core classic, core premium, core VIP, zero classic, zero premium, zero VIP).
• Account currency (EUR, USD, GBP, AUD, SGD, CAD, HKD, NZD, CHF, PLN).
• Preferred leverage (1:1, 25:1, 50:1, 100:1, 200:1, 300:1, 400:1, 500:1).
• Amount of initial deposit.

After providing the above information, prospective clients must upload their proof of ID (national ID or passport) and proof of address (bank statement or utility bill) documents.

Account Types

At OneRoyal, there are two main account types to choose from: ZERO and CORE.

With the ZERO trading account, there are no commissions. The CORE trading account provides raw spreads which can start as low as 0.0 pips, but a commission is also charged.

Demo Accounts

OneRoyal offers demo accounts for MetaTrader 4. Demo accounts are especially important for beginners as they allow them to practice their strategies and get comfortable with the trading platform without risking any real money.

The demo account features live quotes and simulates live market conditions in assets such as forex and CFDs on commodities, indices and stocks. Once users have got up to speed on a demo account, they can easily switch over to a live account.

Islamic Accounts

OneRoyal offers a swap free Islamic account that adheres to the principles of Sharia law.

Leverage

One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account.

The maximum leverage for an account with the Vanuatu regulated (offshore) Royal CM Limited entity is 1:500. This means that with an account of $1,000 you can control up to $500,000 worth of positions in the market. Leverage is often described as a ‘double-edged sword’ as it can hurt you as much as it helps you. Traders must remember that it can amplify both their profits and their losses.

Supported Countries

OneRoyal takes clients from the majority of countries globally. However, clients are not accepted from the United States, Iran, North Korea or any country that may be subject to any international sanctions.

Research

The Royal Daily blog is updated several times per week and features a market overview, which covers both technical and fundamental analysis of the markets. Important market news and economic data are covered along with major support and resistance levels. In addition, feature articles cover topics such as ‘China’s Digital Economy Takes Its First Steps In The Metaverse’ providing interesting trading ideas.

OneRoyal also offers award winning content from Trading Central, which combines automated investment analytics and analyst research. Key features of Trading Central include:

• Analyst views: this covers trading ideas, technical updates, support/resistance levels and ideas across forex, stocks, commodities and indices.
• Featured ideas: this lists opportunities and provides direction for your trades.
• Technical insights: after choosing your preferred technical indicators, candle patterns, or oscillators, Trading Central scans the markets to find opportunities that match your criteria.

Education

The Roy & Al Show provides education in the basics of forex and CFD trading with a humorous cartoon series. Each brief episode covers topics like ‘what is a pip’ and ‘what is leverage’.

Trader’s Fix is a series of videos presented by James Trescothick, covering more advanced material. Here, traders can learn more about technical analysis with videos covering support and resistance levels, pivot points and Japanese candlesticks.

Trading Central provides training videos presented by Martin J. Pring who is an authority on technical analysis and the author of multiple books about trading. With the content broken down into modules, traders can follow along at their own pace. Quizzes at the end aid the learning process.

The Bottom Line

OneRoyal is a versatile broker which performed well in almost every category of our tests. Reliable customer support, minimal fees and the ability to access progressively lower spreads by account type and balance are among the qualities that make this an interesting broker to consider. In addition, the advanced features like MT4 add-ons, research tools via Trading Central, copy trading, VPS hosting and multi-account management make this a broker that a beginner can potentially start with and progressively grow into becoming a professional trader.

FAQ