OneRoyal
Pros and Cons
Pros
- Regulated by ASIC, CySEC, VFSC, and FSA
- Diverse trading instruments including forex, commodities, indices, and cryptocurrencies
- Advanced trading platforms: MT4 Accelerator and MT5
- 24/5 multilingual customer support
- Transparent pricing with competitive spreads and flexible leverage
Cons
- Limited educational resources for traders
- High withdrawal fees for certain payment methods
- Withdrawal process may be complicated
- Regional restrictions on account features
- Lack of proprietary trading platform options
Basic Information
User Reviews
OneRoyal Overview
OneRoyal, officially known as Royal Financial Trading Pty Ltd, has been serving clients with excellence since its inception in 2006. Based in Australia, this broker has established a strong foothold in the forex trading market, operating under the regulatory oversight of ASIC, ensuring a commitment to high standards of trading practices and client trust. With over 10-15 years of experience, OneRoyal has garnered a reputation for reliability and customer-centric services within the financial trading sector.
The broker offers a diverse range of trading instruments, primarily focusing on forex, along with commodities, indices, and more. OneRoyal provides access to advanced trading platforms equipped with essential tools for traders, including comprehensive charting options and high-speed execution capabilities. To enhance customer experience, the broker supports a multilingual customer service team available 24/5, ensuring responsive assistance. Notably, OneRoyal distinguishes itself through its commitment to transparency, competitive pricing, and the provision of premium trading tools designed to empower traders on their financial journey.
Is OneRoyal Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| ASIC (Australian Securities and Investments Commission) | Australia | Segregated Funds, Anti-Money Laundering Compliance |
| CySEC (Cyprus Securities and Exchange Commission) | Cyprus | Segregated Funds, Anti-Money Laundering Compliance |
| VFSC (Vanuatu Financial Services Commission) | Vanuatu | Segregated Funds, Anti-Money Laundering Compliance |
| FSA (Financial Services Authority) | Saint Vincent and the Grenadines | Segregated Funds, Anti-Money Laundering Compliance |
Is OneRoyal Regulated and How Are Client Funds Protected?
OneRoyal, officially known as Royal Financial Trading Pty Ltd, is regulated by several recognized financial authorities, including the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the Vanuatu Financial Services Commission (VFSC). This regulatory oversight ensures that OneRoyal adheres to high standards of trading practices, fostering a safe trading environment for its clients.
Client funds are safeguarded through several protective measures. They are held in segregated trust accounts, ensuring that these funds are not used for operational purposes. Additionally, OneRoyal complies with strict anti-money laundering regulations, further enhancing the safety of client assets. With these robust regulatory frameworks and fund protection measures in place, OneRoyal stands out as a legit and regulated broker, providing a secure environment for traders to operate confidently.
Trading Products and Services
What trading instruments does OneRoyal offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major & Minor Pairs, e.g., EUR/USD, GBP/JPY | Varies |
| Commodities | Gold, Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US (e.g., Apple, Tesla), UK (e.g., BP, Vodafone) | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
OneRoyal offers a diverse selection of trading instruments, providing a robust platform for traders with varying needs. The broker caters to both beginners and seasoned professionals by offering access to a wide range of asset categories, including forex, commodities, indices, stocks, and cryptocurrencies. This diversity allows traders to implement various strategies and enhance their portfolios through effective risk management and market exposure. The availability of multiple products ensures that traders can adapt their approaches based on market conditions, making OneRoyal a valuable partner in navigating the dynamic trading environment.
Account Types and Trading Conditions
What Account Types and Fees Does OneRoyal Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Classic Account (Zero Commission) | Beginners | No commission, wider spreads | Suitable for those starting out in trading |
| Classic Account (ECN) | Experienced Traders | Raw spreads with a commission | Ideal for traders seeking optimal trading conditions |
| VIP Account (Zero Commission) | Established Traders | No commission, competitive spreads | Requires higher minimum deposit |
| VIP Account (ECN) | Professional Traders | Ultra-low spreads with a commission | Designed for high-frequency trading |
Account Opening Process
To open an account with OneRoyal, you will need to follow a straightforward process that involves the submission of personal, employment, and financial information. This includes providing identity verification documents, such as a valid ID and proof of address. Once you have submitted the required documentation, your application will be reviewed. Additionally, OneRoyal offers the flexibility to upgrade your account to a professional status at a later stage if your trading needs evolve.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 1.4 | $0 (Classic Zero Commission) | Wider spread option available |
| Forex (Major Pairs) | 0.0 | $3.50 (ECN) | Raw spreads for optimal trading |
| CFDs (Stocks, Indices) | Varies | Varies | Competitive pricing available |
| Cryptocurrencies (BTC/USD) | 1.0% | 0.1% | Variable depending on market conditions |
Other Fees
OneRoyal’s fee structure includes various costs that traders should be aware of. These may encompass deposit and withdrawal fees, inactivity fees, and overnight interest (swap rates). Additionally, there may be currency conversion fees applicable when trading in different currencies. It is recommended to review these costs to have a comprehensive understanding of your trading expenses.
Trading Platforms and Apps
What Trading Platforms and Apps Does OneRoyal Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4 Accelerator | Windows, macOS, iOS, Android | Two-factor authentication, multiple order types, price alerts, technical indicators | Demo accounts, VPS hosting |
| MT5 | Windows, macOS, iOS, Android | Encrypted security, symbol lookup, advanced charting tools, push notifications | Demo accounts, VPS hosting |
| Web Version | Any device with a browser | Multi-device access, market search, price alerts, economic calendar | Demo accounts |
| MultiTerminal | Windows | One-click execution, multiple account management, order allocation | API interfaces |
The MT4 Accelerator is ideal for beginners, offering a user-friendly interface and essential trading tools. MT5 caters to advanced traders with comprehensive features for multi-asset trading and automation. The web version provides flexibility for traders on the go, while the MultiTerminal enables professional account management across multiple client accounts efficiently. OneRoyal supports mobile trading through dedicated apps, ensuring secure logins, fast execution, real-time alerts, and effective search tools across all platforms.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 1–3 business days | No platform fee | Min 50, Max 20k/day | AUD, USD |
| Credit/Debit Card | Instant | No platform fee | Min 50, Max 10k/day | AUD, USD |
| e-Wallet (e.g., PayPal, Skrill) | Instant | 1.5% e-wallet charge | Min 50, Max 20k/day | AUD, USD |
| Cryptocurrency | Instant | No platform fee | Min 100, Max 5k/day | BTC, ETH |
Minimum Deposit
OneRoyal requires a minimum deposit of 50 AUD or equivalent in other supported currencies. This amount is consistent across various payment methods and account types, providing a straightforward entry point for traders.
How to Withdraw
To withdraw funds from your OneRoyal account, follow these steps:
- Log in to your OneRoyal trading account.
- Navigate to the ‘Withdrawal’ section in your account dashboard.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw, ensuring it meets the minimum and maximum limits.
- Submit your withdrawal request and wait for confirmation.
Customer Support
OneRoyal Customer Support Overview
Support Channels
OneRoyal provides multiple contact methods for customer support to ensure that assistance is readily available. Traders can reach out via:
- Email: Clients can send inquiries to support@oneroyal.com for assistance regarding services or account-related questions.
- Live Chat: Immediate support is available through the live chat feature on OneRoyal’s website, allowing for real-time communication.
- Telephone: Clients can contact the support team directly at various regional numbers, including +61 2 8284 5100 for Australia.
- Social Media: OneRoyal may also connect with clients through platforms like WhatsApp, Messenger, and others for additional support options.
Service Availability
OneRoyal’s customer service operates 24/5, ensuring that traders receive support during the trading week. The team is equipped to assist clients in multiple languages, providing a more inclusive service experience for traders from different backgrounds.
Frequently Asked Questions
Yes, OneRoyal is regulated by several financial authorities, including the Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Vanuatu Financial Services Commission (VFSC), and the Financial Services Authority (FSA) in Saint Vincent and the Grenadines. Client funds are protected through segregated accounts, ensuring that they are not used for operational purposes, along with compliance with anti-money laundering regulations.
OneRoyal offers several account types tailored to different trading needs, including the Classic Account (Zero Commission) for beginners, Classic Account (ECN) for experienced traders, VIP Account (Zero Commission) for established traders, and VIP Account (ECN) for professional traders. Each account type has specific characteristics suited to various trading strategies.
OneRoyal provides access to advanced trading platforms, including MT4 Accelerator, MT5, a web version, and MultiTerminal. These platforms are designed to cater to both beginners and advanced traders, offering features such as two-factor authentication, multiple order types, advanced charting tools, and multi-device support for convenient trading.
OneRoyal offers multiple contact methods for customer support, including email at support@oneroyal.com, live chat available on the website for immediate assistance, and telephone support at +61 2 8284 5100 for clients in Australia. The customer service team operates 24/5 and is equipped to assist clients in multiple languages.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.