ROYALFX
Pros and Cons
Pros
- Regulated by Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI)
- Diverse range of trading instruments including Forex, commodities, indices, stocks, and cryptocurrencies
- User-friendly trading platform: MetaTrader 4 available on multiple devices
- Segregated accounts ensuring client fund protection
- 24/5 multilingual customer support for traders
Cons
- Unregulated status with no valid forex license
- Lack of transparency regarding trading costs
- Basic trading platform with limited features
- Negative user feedback on fund withdrawal processes
- Inadequate customer support responsiveness
Basic Information
User Reviews
ROYALFX Overview
Established over five years ago, ROYALFX, officially known as PT. Royal Trust Futures, is headquartered in Indonesia. The broker operates under the regulations of the Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI), ensuring compliance with local trading laws and providing a level of security for its clients. With a commitment to professionalism and quality service, ROYALFX has built a reputation in the forex trading industry, catering to the needs of both individual and institutional traders.
Is ROYALFX Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) | Indonesia | Segregated Funds |
Is ROYALFX Regulated and How Are Client Funds Protected?
Established over five years ago, ROYALFX, officially known as PT. Royal Trust Futures, operates under the regulations of the Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) in Indonesia. This regulatory oversight ensures that the broker adheres to local trading laws, providing a level of security for its clients. Client funds are protected through the implementation of segregated accounts, which helps to keep clients’ money separate from the broker’s operational funds. This practice is essential in safeguarding investors’ assets against potential mismanagement. ROYALFX’s commitment to regulatory compliance reflects its dedication to maintaining a reputable standing within the forex trading industry, catering to both individual and institutional traders.
Trading Products and Services
What Trading Instruments Does ROYALFX Offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, Major & Minor Pairs | Many |
| 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 |
ROYALFX offers a diverse range of trading instruments, catering to various trader profiles. With products spanning across Forex, commodities, indices, stocks, and cryptocurrencies, the broker provides ample opportunities for traders at all levels. Beginners can explore the Forex market’s major pairs or commodities like gold and oil, while more experienced traders can delve into indices and stocks for potential high returns. This diversity not only enhances the potential for portfolio diversification but also allows traders to implement flexible strategies that align with their investment goals. By supporting multiple asset categories, ROYALFX empowers traders to adapt their approaches in dynamic market conditions, optimizing their trading experience.
Account Types and Trading Conditions
What Account Types and Fees Does ROYALFX Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners to Intermediate Traders | Low minimum deposit, access to various trading instruments | Suitable for small-capital practice |
| Professional Account | Experienced Traders | Higher leverage options, customizable trading features | Requires trading volume qualifications |
| Corporate Account | Corporate Clients | Dedicated services, tailored trading solutions | Requires corporate documentation |
| Demo Account | All Trader Levels | Practice trading without risk, real market conditions | Ideal for testing strategies |
Account Opening Process
To open an account with ROYALFX, prospective clients must follow these steps: they will need to submit personal information, employment details, and financial information. Identity verification is required, which includes providing a valid ID and proof of address. The account structure allows for flexibility, enabling clients to upgrade to a professional account later if their trading needs evolve.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | 0.8 | $0 | Tight spreads for major currency pairs |
| Forex (Minor Pairs) | 1.0 | $0 | Competitive options available |
| CFDs (Stocks, Indices, Commodities) | Varies | $0 | Varied spreads depending on the asset |
| Cryptocurrencies | 1.0% | $0.1 | Variable depending on market volatility |
Other Fees
Additional costs may include: deposit/withdrawal fees, inactivity fees, platform usage fees, overnight interest (swap rates), and currency conversion fees. It is important for traders to review these fees to fully understand the cost structure associated with their trading activities.
Trading Platforms and Apps
What Trading Platforms and Apps Does ROYALFX Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 4 (MT4) | Windows, macOS, Android, iOS | Secure login (2FA), multiple order types, technical indicators | Demo account, educational resources |
| Web Version | Any device with internet access | Market search, price alerts, user-friendly interface | Demo account, market analysis |
| Mobile App | Android, iOS | Convenient login, real-time alerts, push notifications | Demo account, VPS services |
ROYALFX provides a selection of trading platforms tailored to meet the needs of various traders. The MetaTrader 4 platform is highly favored for its comprehensive tools, supporting multiple operating systems, making it suitable for both beginners and advanced traders. The web version offers flexibility for trading from any device, while the mobile app facilitates trading on the go, enhancing accessibility with secure logins and real-time notifications. Overall, ROYALFX ensures a secure trading environment with rapid order execution and robust market search features.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 business days | No platform fee | Min 50, Max 20,000/day | IDR, USD |
| E-wallet (e.g., OVO) | Instant | No platform fee, 1.5% charge | Min 50, Max 10,000/day | IDR |
| Credit/Debit Card | Instant | No platform fee | Min 100, Max 15,000/day | IDR, USD |
Minimum Deposit
ROYALFX requires a minimum deposit of 50 IDR for the Retail Account, which allows beginners to start trading with minimal capital. This amount may vary based on the selected payment method or account type.
How to Withdraw
- Log in to your ROYALFX account.
- Navigate to the withdrawal section.
- Select your preferred payment method.
- Enter the withdrawal amount and any required information.
- Confirm your request and review the processing time.
Customer Support
ROYALFX Customer Support Overview
Support Channels
ROYALFX provides various contact methods to assist its customers effectively. Traders can reach out for help via the following channels:
- Email: Clients can send inquiries to support@royalfx.co.id.
- Live Chat: The broker offers a live chat feature on their website for immediate assistance.
- Telephone: Customers can contact support at +62 21 30304129 for direct communication.
- Social Media: ROYALFX maintains an active presence on platforms like Facebook, allowing for additional contact options.
Service Availability
ROYALFX’s customer support operates 24/5, ensuring that traders can receive help during market hours. The support team is multilingual, catering to a diverse clientele and providing assistance in various languages, which enhances the overall customer experience.
Frequently Asked Questions
ROYALFX ensures the security of client funds by operating under the regulations of the Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) in Indonesia. Client funds are protected through the implementation of segregated accounts, which keeps clients’ money separate from the broker’s operational funds. This measure is essential in safeguarding investors’ assets against potential mismanagement.
ROYALFX offers a diverse range of trading instruments, including Forex pairs (such as EUR/USD and GBP/JPY), commodities (like gold and oil), indices (such as the S&P 500 and NASDAQ), stocks (including major companies like Apple and Tesla), and cryptocurrencies (like Bitcoin and Ethereum). This variety allows traders to diversify their portfolios and implement various trading strategies.
ROYALFX provides several account types tailored to different user groups. These include Retail Accounts for beginners to intermediate traders with low minimum deposits, Professional Accounts for experienced traders offering higher leverage options, Corporate Accounts for corporate clients with dedicated services, and Demo Accounts for all trader levels to practice without risk in real market conditions.
Clients can reach ROYALFX customer support through various channels, including email at support@royalfx.co.id, live chat on their website for immediate assistance, telephone at +62 21 30304129 for direct communication, and through their active social media presence. ROYALFX’s customer support operates 24/5, providing multilingual assistance to cater to a diverse clientele.
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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.