OneRoyal Review |
|
| 📅 Year founded |
2006 |
| 📈 Multiple top-tier regulation |
Yes |
| 📍 Headquarters |
Limassol, Cyprus |
| 🌍 Country of regulation |
Australia / Cyprus / Vanuatu / Saint Vincent and the Grenadines |
| ✅ Regulators |
ASIC / CySec / VFSC / FSA |
| 📈 Execution Type |
Market Execution |
| 💰 Minimum Deposit |
$50 USD |
| 🛡️ Negative Balance Protection |
Yes |
| 📉 Trading Platforms |
MetaTrader4 / MetaTrader5 |
| ☪ Islamic account |
Yes |
| 📉 Trading Instruments |
Forex / Indices / Commodities / Stocks / ETFs / Cryptocurrencies |
| 📱 Mobile trading |
iOS / Android / Windows |
| 💳 Payment Types Accepted |
Debit and Credit Card / Bank Wire Transfer / Skrill / Neteller / VirtuPay / Fasapay / UnionPay / Kora / Dragonpay / PerfectMoney / WhishMoney |
| 🎮 Demo Account |
Yes |
| ⓒ Copy Trading |
Yes |
| 🎁 Bonus Offer |
Welcome Bonus |
| 💰 Account Currencies |
USD / EUR / GBP / PLN |
| 📈 Minimum Trade |
0.01 Lots |
| 📈 Account Types |
ECN / STP |
| 📈 Margin Trading |
Yes |
| 📈 Trading fees |
Low |
| 📈 Inactivity fee |
None |
| 💰 Withdrawal fee |
None |
| ☎ Customer Support |
24/5 |
| 💰 Max. Leverage |
1 000:1 |
| ✔️ Hedging Allowed |
Yes |
| ✔️ Scalping Allowed |
Yes |
| 💰 Commission |
Account type dependant |
| 💰 Spreads |
From 0.0 pips |
| 💰 Leverage |
Flexible |
| 💰 Currency Pairs (Total Forex pairs) |
60 + |
| 🔢 Number of clients |
Unknowns |
| 🥇 Instruments Offered |
270 + |
| 📙 Education |
The Roy & AI Show / Knowledge Hub / Webinars / Blog |
WHAT IS ONEROYAL?
OneRoyal, also recognised as “Royal,” is a prominent online financial services provider that specialises in forex, commodities and CFD trading. Since its inception, OneRoyal has established a robust presence in the global financial markets, distinguished by its commitment to providing a transparent, efficient and user-centric trading experience.
A defining feature of OneRoyal is its comprehensive regulatory framework, which is pivotal in establishing its credibility and reliability as a broker. OneRoyal is regulated by several respected bodies around the world, ensuring that it adheres to the highest standards of corporate governance and financial reporting.
This multi-jurisdictional regulation includes regulation by the Australian Securities and Investments Commission (ASIC) in Australia, the Cyprus Securities and Exchange Commission (CySec) in Cyprus, the Vanuatu Financial Services Commission (VFSC) in Vanuatu and the Financial Services Authority (FSA) in Saint Vincent and the Grenadines.
These regulatory bodies not only enhance client trust by ensuring transparent operations and the safety of client funds but also affirm OneRoyal’s position as a broker committed to regulatory compliance and best practices in the financial services industry.
By integrating robust regulatory standards with advanced trading technology, OneRoyal provides traders with a reliable and dynamic trading environment. This commitment to excellence and service has made OneRoyal a preferred choice among traders seeking a trustworthy and efficient broker in the competitive world of forex and CFD trading.
INTRODUCTION
OneRoyal has established itself as a key player in the international financial markets, offering a broad range of services designed to meet the needs of diverse traders, from novices to seasoned professionals. Since its founding, the company has consistently focused on enhancing the trading experience through technological innovation, transparent practices and a client-first approach.
At the core of OneRoyal’s offerings is its commitment to providing an accessible and user-friendly trading environment. This is achieved through advanced trading platforms, comprehensive educational resources and dedicated customer support, ensuring that clients have all the tools and guidance they need to trade effectively and confidently.
The strategic positioning of OneRoyal in multiple regulatory jurisdictions not only underscores its global reach but also reflects its adaptability to different regulatory environments, allowing it to cater to a wide audience while adhering to local and international standards. The company’s operations are rooted in a philosophy of sustainable trading, emphasising long-term client satisfaction and continuous improvement of services.
As OneRoyal continues to evolve, its focus remains on empowering traders through education, innovation and support, ensuring that its clients can leverage the financial markets to their fullest potential. This approach has not only garnered the loyalty of a growing global client base but has also positioned OneRoyal as a thought leader in the financial trading sector.
PROS & CONS
PROS
- Broad range of trading instruments including forex, indices, commodities, stocks, ETFs and cryptocurrencies.
- Advanced trading platforms such as MetaTrader4 and MetaTrader5.
- Competitive spreads and low commission structures.
- Robust educational and research tools.
CONS
- Limited availability of cryptocurrencies as compared to competitors.
- Limited range of stocks to choose from.
TRADING INSTRUMENTS
OneRoyal offers a comprehensive and diverse portfolio of trading instruments that cater to the varied interests and strategies of traders globally.
Forex
OneRoyal provides traders with access to over 60 currency pairs, encompassing major pairs, minor pairs and exotics. This extensive forex offering enables traders to capitalise on fluctuations in global currencies, benefiting from low spreads and significant leverage options.
Indices
Traders can engage with over 10 major global indices through CFDs, which include benchmarks such as the S&P 500, Dow Jones Industrial Average, NASDAQ and other significant indices from Europe, Asia and Australia. Trading index CFDs allows clients to speculate on the overall performance of national economies without the need to analyse the performance of individual stocks.
Commodities
The commodity trading options at OneRoyal include precious metals like gold and silver and energy commodities such as crude oil and natural gas. These commodities are popular among traders looking to hedge against inflation, diversify their portfolios or speculate based on market trends.
OneRoyal offers over 15 commodities for its traders to choose from, ensuring the broker has one of the best offerings in the industry.
Stocks
Stock CFDs allow traders to take positions on the performance of individual companies without the need to own the actual shares. OneRoyal’s selection includes some of the world’s top companies across diverse sectors, providing ample opportunities for traders to engage with the stock market.
ETFs
Exchange-traded funds (ETFs) are available as part of OneRoyal’s product offerings, giving traders exposure to baskets of assets. ETFs are an excellent tool for diversification, as they encompass various asset classes including stocks, bonds and commodities, replicating the performance of an index or a specific market sector.
Cryptocurrencies
Recognising the growing interest in digital currencies, OneRoyal also offers trading on major cryptocurrencies like Bitcoin, Ethereum and Litecoin. This segment allows clients to participate in one of the most dynamic and rapidly evolving markets, offering high volatility and the potential for significant returns.
While the broker’s cryptocurrency offering is still fairly new, the broker could certainly benefit from adding more cryptocurrencies in the future.
By providing such a broad array of trading instruments, OneRoyal enables its clients to diversify their trading strategies effectively, manage risks better and explore opportunities across different markets and asset classes. Whether a trader is interested in the traditional forex and commodities markets or looking to explore the realms of stock CFDs and cryptocurrencies, OneRoyal equips them with the necessary tools and platforms for a comprehensive trading experience.
TRADING PLATFORMS
OneRoyal recognises the importance of robust and versatile trading platforms in the world of online trading, which is why it offers its clients access to two of the most acclaimed platforms in the industry: MetaTrader4 (MT4) and MetaTrader5 (MT5). These platforms are designed to cater to traders of all experience levels, offering a blend of user-friendly interfaces, advanced technical analysis tools and automated trading capabilities.
MetaTrader4 (MT4)
MT4 has long been the standard in the forex trading industry due to its stability, reliability and extensive range of features. It is particularly favoured for its advanced charting capabilities, wide array of technical indicators and extensive back-testing environment.
Traders can use its powerful analytical tools to perform detailed market analysis and develop complex trading strategies. MT4’s automation features, through the use of Expert Advisors (EAs), allow traders to automate their trading strategies, thereby trading on autopilot without constant monitoring.
The platform also supports custom indicator and tool development, further enhancing its versatility.
MetaTrader5 (MT5)
MT5, while building on the strengths of MT4, offers additional features and extended capabilities including more timeframes, more technical indicators and an enhanced graphical interface. MT5 is designed to cater to both forex and CFD traders, providing access to a wider range of financial markets including stocks, commodities and cryptocurrencies, all from a single platform.
MT5 also features an advanced trading system with more technical analysis tools and improved order handling capabilities, making it a suitable choice for advanced traders looking for a more comprehensive trading environment. Like MT4, MT5 supports automated trading and the development of custom tools through its MQL5 programming language, which is more powerful and versatile than the one used in MT4.
Both platforms are accessible on desktop for Windows and Mac OS, providing traders with the flexibility to trade from their preferred operating system. Furthermore, OneRoyal offers mobile versions of both MT4 and MT5, which are optimised for smartphones and tablets, ensuring traders can manage their accounts and trade on the go from anywhere in the world.
OneRoyal has ensured that both MT4 and MT5 are equipped with all the necessary tools and resources to facilitate effective trading. This includes access to news feeds, market insights and data directly on the platforms, helping traders make informed decisions quickly and efficiently.
The broker also provides additional plugins and enhancements to these platforms such as MT4 Accelerator, to ensure an even smoother trading experience and to give their clients a competitive edge in the markets.
ACCOUNT TYPES
OneRoyal offers a diverse range of account types to cater to different trader needs and investment sizes. This flexibility ensures that both new traders and seasoned professionals can find an account that fits their trading style and financial goals.
Classic Account
The Classic Account is designed for traders who are new to the forex and CFD markets or those who prefer trading without commissions. This account type offers higher spreads but no commissions on trades, making cost management straightforward and predictable.
This account type features spreads from 1.4 pips and requires a minimum deposit of only $50 USD to get started.
ECN Account
The ECN Account is tailored for traders who wish to trade directly with the underlying market, with no dealing desk intervention. This account offers lower spreads starting from 0.0 pips, with a commission of $7 USD charged per $100 000 USD traded.
It is well-suited for scalpers and day traders who benefit from trading at the most competitive prices and with swift execution speeds. The ECN Account provides access to deep liquidity from multiple global banks, ensuring the best possible prices at all times, all from a minimum deposit of only $50 USD.
VIP Account
The VIP Account is aimed at more experienced and high-volume traders who can maintain a higher account balance and actively trade large volumes. This account type offers ultra-low spreads from 0.4 pips and is comparable to the Classic Account as it also does not charge commissions on trades.
VIP Account holders benefit from more advanced services including a dedicated research platform, MT4 Live Newswire and WebTV. This account type requires traders to deposit a minimum of $10 000 USD.
ECN Elite Account
The ECN Elite Account is the premier offering from OneRoyal, designed for institutional traders and high net worth individuals who demand the highest level of service and the best trading conditions. This account features the lowest spreads and commission rates offered by the broker, with highly personalised customer service.
ECN Elite clients also enjoy perks such as priority in processing deposits and withdrawals, flexible trading conditions and access to exclusive market insights and strategic support.
The ECN Elite Account offers spreads from 0.0 pips, charges commissions at $3.50 USD per $100 000 USD traded and requires a minimum deposit of $10 000 USD.
All accounts at OneRoyal offer a range of common features including access to both MT4 and MT5 platforms, a wide range of trading instruments and support for automated trading strategies via Expert Advisors (EAs). Additionally, leverage of up to 1 000:1 is available across all account types.
OneRoyal’s variety in account types ensures that traders at all levels and with varying investment strategies can find an option that suits their needs, allowing them to optimise their trading performance and experience based on individual preferences and objectives.
HOW TO OPEN AN ACCOUNT
Opening an account with OneRoyal is streamlined and can easily be done via the broker’s website. Firstly, traders are required to create an account with the broker, providing their personal information and uploading the required documentation for verification.
Once documents have been verified, usually within one business day, traders are able to select their account type, deposit funds and begin trading.
DEMO ACCOUNT
For beginners or those looking to test strategies, OneRoyal offers a demo account with virtual funds. This account mimics real-market conditions and is an excellent way for traders to gain experience without financial risk.
SOCIAL TRADING AND COPY TRADING
OneRoyal integrates features like social and copy trading, which allow users to mirror the trades of more experienced traders. This is done via the use of EAs on the MT4 and MT5 trading platforms, as well as through OneRoyal’s own proprietary systems.
The broker provides HokoCloud as a superb copy trading solution, enabling their traders to follow some of the top trading signal providers. Additionally, the broker also provides AI-driven tools such as SignalX, which enables traders to make decisions off pre-determined criteria and acts as a signal providing service.
COMMISSIONS AND FEES
OneRoyal prides itself on transparency with its fee structure. All account fees are easily accessible on the broker’s website and clearly state what fees are applicable on the different account types.
The Classic and VIP accounts do not incur any commission charges, as these fees are built into the spread offered by the broker, while the ECN and ECN Elite account charge commissions of $7 USD and $3.50 USD per $100 000 USD traded, respectively.
The broker aims to keep fees low as they do not charge any deposit, withdrawal or inactivity fees. While swap-fees are charged, traders of the Muslim faith have the opportunity to utilise a swap-free account, ensuring no interest is charged on their trading accounts.
LEVERAGE
Leverage options at OneRoyal vary by asset class and client classification, with maximum leverage of up to 1 000:1 being available across all account types.
As always, traders need to ensure they understand the benefits and the risks associated with high leverage trading.
WITHDRAWALS AND DEPOSITS
The broker supports a variety of payment methods including bank transfers, debit and credit cards as well as various eWallets such as Skrill and Neteller amongst others. OneRoyal aims to keep their client fees low, by not charging any withdrawal or deposit fees, although these may be charged by third-party financial service providers.
CUSTOMER SERVICE
Customer service at OneRoyal is available 24/5 and supports multiple languages. Clients can reach out via live chat, email or phone and expect a quick response from the customer service team, who is held in high regard according to multiple client reviews.
SAFETY AND SECURITY
OneRoyal’s commitment to safety and security is central to its operations, ensuring that clients’ funds and personal information are protected at all times. This commitment is reinforced by adherence to strict regulations and oversight by several highly respected regulatory bodies worldwide.
The regulatory framework not only instils trust among traders but also ensures that OneRoyal operates with the highest standards of financial integrity and transparency.
Australian Securities and Investments Commission (ASIC)
OneRoyal’s operations in Australia are regulated by ASIC, one of the most stringent regulatory authorities in the world. ASIC’s oversight ensures that OneRoyal adheres to rigorous capital requirements, implements strict risk management procedures and maintains operational transparency.
ASIC also mandates that client funds be kept in segregated accounts with top-tier banks, ensuring that client assets are separate from the company’s own funds and are protected in the event of the company’s insolvency.
Cyprus Securities and Exchange Commission (CySEC)
In Europe, OneRoyal is regulated by CySEC, which aligns with European MiFID II regulations designed to offer maximum transparency and enhanced client protection. CySEC regulation guarantees that OneRoyal provides clear information about financial products, risks, costs and past performance, ensuring fair treatment for all clients.
Furthermore, traders benefit from coverage under the Investor Compensation Fund (ICF), which provides additional security and peace of mind.
Vanuatu Financial Services Commission (VFSC)
VFSC regulation allows OneRoyal to offer flexible trading conditions and leverage options. While VFSC is generally less stringent than European or Australian counterparts, it still requires that the broker maintains a clear operational framework and follows good business practices.
Financial Services Authority (FSA) of Saint Vincent and the Grenadines
This regulatory body allows OneRoyal to extend its services globally, adhering to international standards of financial practice. The FSA’s guidelines help ensure that the broker operates with integrity and transparency, which are crucial for protecting international clients.
In addition to regulatory compliance, OneRoyal employs advanced security measures to protect the integrity of client transactions and personal data. These security measures include the implementation of SSL encryption, two-factor authentication and conducting regular audits.
Through robust regulatory adherence and the implementation of advanced security technologies, OneRoyal ensures a secure trading environment where clients can focus on their trading activities without concerns over the safety of their funds or personal information. This comprehensive approach to security is fundamental to OneRoyal’s promise of providing a trustworthy and reliable trading platform.
PROMOTIONS
OneRoyal currently offers a Welcome Bonus where the broker 100% matches your initial deposit, up to a value of $5 000 USD. Traders are encouraged to regularly visit the broker’s website in the event that promotions are updated or added to their offering.
RESEARCH
OneRoyal provides comprehensive market research tools through their AI Trading Tools which include SignalX, Assets IQ, Action News, The Calendar, Market Scanner and Daily Intel. These tools are some of the most in-depth and technologically advanced tools in the market, ensuring that OneRoyal’s traders have access to the best tools to make informed trading decisions.
EDUCATION
OneRoyal’s commitment to trader education is evident in its wide range of educational resources including The Roy & AI Show, Knowledge Hub, webinars and their blog. These tools ensure that new traders have access to all information they require to learn about trading and the financial markets, while the tools are advanced enough for experienced traders to keep learning and improving their skills.
OneRoyal truly does offer one of the best range of educational tools by any broker in the industry.
GLOBAL AWARDS
Over the years, OneRoyal has received numerous awards that reflect its reliability, service quality and innovative offerings in the forex industry. Some of their most recent awards include the following:
- Best Retail Forex Broker (2023) – SmartVision.
- Best Broker Middle East (2023) – UF Awards.
- MEFM Awards (2023) – SmartVision.
- Best White Label Provider (2022) – Fazzaco.
- Best Execution Provider (2016) – Stay Connected 9th Saudi Money Expo.
- Best Middle East Forex Broker (2015).
SAFE OR SCAM?
OneRoyal’s operations are heavily regulated by multiple reputable financial authorities globally including ASIC in Australia, CySEC in Cyprus, VFSC in Vanuatu and the FSA in Saint Vincent and the Grenadines. These regulatory frameworks are designed to ensure transparency, fairness and the safety of client assets, which are fundamental attributes of a legitimate and reliable broker.
The stringent requirements set by ASIC and CySEC, for instance, ensure that OneRoyal adheres to high standards of operational integrity including maintaining client funds in segregated accounts, adhering to strict reporting and auditing standards and participating in compensation schemes that protect investors’ funds.
Additionally, the security measures implemented by OneRoyal such as SSL encryption, two-factor authentication and compliance with international financial standards, further reinforce its credibility. Regular audits by third-party firms ensure that all operations remain transparent and within the bounds of regulatory requirements.
Given these strong regulatory and security frameworks, OneRoyal can be considered a safe broker. It operates with a commitment to upholding the best practices in the financial trading industry, aiming to provide a secure and transparent trading environment for its clients worldwide.
CONCLUSION
OneRoyal stands out as a reliable and comprehensive trading platform suitable for traders of all levels. With its robust trading environment, educational resources and strong regulatory framework, it offers a secure and dynamic trading experience that can meet the needs of the most demanding traders.
The broker provides a comprehensive range of trading instruments and a superb trading environment, all while keeping its traders’ fees low through commission charges and not charging transaction fees or inactivity fees. Additionally, the broker has one of the best research and educational offerings in the industry today, ensuring their traders have every chance of success.
After conducting the above review into the broker, the team at Brokersuggest.com highly recommends OneRoyal as a superb trading partner. For traders newer to the industry, there are not many other brokers who will provide this level of research and educational tools, making OneRoyal particularly appealing to novice traders.
