- What is OneRoyal?
- OneRoyal Pros and Cons
- Is OneRoyal Safe or a Scam?
- Deposits and Withdrawals
- Trading Platform
- Customer Support
Our Review Method
- 55Brokers Financial Experts with over 10 years of experience in Forex Trading check all trading conditions, regulations and licenses, fees, spreads, platforms, customer service, and placed traders to see proposals fully to give expert opinions about OneRoyal.
What is OneRoyal?
OneRoyal is an online trading broker that offers a wide range of trading instruments including CFDs on more than 180 major, minor, and exotic pairs in the Forex market, Indices, Metals, Oil, Stocks, Crypto, ETFs, and more.
Based on our research, the company was established in 2006 as part of the Royal brand and currently holds multiple licenses and regulations in Australia, Cyprus, Vanuatu, and Saint Vincent and the Grenadines. It has representative offices in various countries such as Limassol, Sydney, Beirut, Cairo, Lagos, and Florida.
Overall, OneRoyal is a reliable Forex and CFD broker offering competitive trading opportunities, a diverse selection of popular market assets, and seamless trading execution through the widely used MetaTrader platform.
OneRoyal Pros and Cons
Per our findings, there are both advantages and disadvantages to consider when choosing OneRoyal as your broker. For the pros, it presents a widely recognized MT4 trading platform for executing trades effectively. The broker’s website includes a comprehensive resource section that covers a wide range of valuable materials, such as educational resources, technical insights, trading tools, trading central, and more.
Additionally, the company offers an extensive variety of trading instruments at competitive rates and spreads. OneRoyal also takes measures to ensure the safety and security of clients’ funds by keeping them segregated and implementing negative balance protection.
For the cons, the trading conditions may vary depending on the entity, and there is no 24/7 customer support.
|ASIC regulation and oversee||Trading conditions might vary based on the entity|
|Available for European and international traders||No 24/7 customer support |
|MT4 trading platform|
|Negative balance protection|
|Multi-account manager platforms|
|Variety of trading instruments |
|Good research materials|
OneRoyal Review Summary in 10 Points
|🗺️ Regulation||ASIC, CySEC, VFSC, FSA|
|🖥 Platforms||MT4, MetaFX, MT4 MultiTerminal|
|📉 Instruments||CFDs, Forex, Metals, Oil, Indices, Crypto, Shares, ETFs|
|💰 EUR/USD Spread||0.2 pips|
|🎮 Demo Account||Available|
|💳 Minimum Deposit||$50|
|💰 Base Currencies||USD, EUR, GBP, BTC, AUD|
|☎ Customer Support||24/5|
Overall OneRoyal Ranking
Upon our analysis and research the broker is marked with quite a good proposal, and provides a secure and competitive trading environment with favorable fees and spreads across its diverse range of trading products. As a result, we can conclude that OneRoyal is a suitable trading broker for individuals at different skill levels, whether they are beginners or experienced traders.
- OneRoyal Overall Ranking is 8.5 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.
|Our Ranking ||⭐⭐⭐⭐⭐||⭐⭐⭐⭐⭐||⭐⭐⭐⭐|
|Advantages||Trading Instruments||Spreads||Trading Conditions|
OneRoyal Alternative Brokers
Although OneRoyal provides competitive pricing and trading solutions, it is essential to acknowledge the presence of other brokers in the market offering similar services. Some of these competitors may have advantages in terms of instrument range or additional licenses, allowing them to serve traders globally. As a result, we have conducted an extensive analysis and compiled a list of the broker’s main competitors for you to consider exploring:
- VIBHS – Competitive Trading Conditions
- XS – Tight Spreads
- TopTrader – Wide Range of Trading Instruments
Is OneRoyal Safe or Scam?
No, OneRoyal is not a scam. It is a reliable brokerage firm that operates under the regulation of reputable authorities such as the Australian ASIC and European CySEC. These regulatory bodies enforce strict rules and guidelines to ensure that the broker operates in a trustworthy manner.
Is OneRoyal Legit?
Yes, OneRoyal is a legit and regulated broker.
Compliance with the regulatory requirements set by ASIC and CySEC enhances the safety and confidence of traders who choose to trade with OneRoyal.
See our conclusion on OneRoyal Reliability:
- Our Ranked OneRoyal Trust Score is 8.5 out of 10 for the good reputation and services provided. However, trading services are available via offshore entities as well.
|OneRoyal Strong Points||OneRoyal Weak Points|
|Negative balance protection|
How Are You Protected?
As we research OneRoyal licenses there are various protection rules applied to safeguard clients’ funds including segregation from the firm’s accounts and refraining from using them for operational purposes. Additionally, our investigation has revealed that the broker provides negative balance protection for European clients.
Also, the clients of Royal Financial Trading (CY) Ltd are protected by the Investor Compensation Fund for Customers of Cypriot Investment Firms (CIFs) and Australian fund in case accounts under ASIC are open, providing an extra layer of security for traders’ accounts. Yet, make sure to verify protections since they are different based on the broker entity.
Leverage is a valuable tool that allows traders to enter the market with limited capital. However, you should understand that it can result in substantial gains or losses. Therefore, traders must have a comprehensive understanding of how leverage operates and its potential consequences before engaging in any trading activities involving leverage.
OneRoyal leverage is offered according to the ASIC, CySEC, VFSC, and FSA regulations:
- The Australian clients that hold with ASIC-regulated OneRoyal accounts are entitled to up to 1:30.
- European traders are eligible to use a maximum of up to 1:30 for major currency pairs.
- For international traders, the maximum leverage is 1:1000.
Based on our findings on OneRoyal broker, Australian and European entities’ traders can select six different account types: Classic Zero Commission, Classic ECN, Premium Zero Commission, Premium ECN, VIP Zero Commission, and VIP ECN. If you are an offshore entity trader, we advise conducting thorough research regarding the available account types.
Additionally, new traders can choose a Demo account for free, allowing them to practice trading and make trial trades to test the strategies. For Muslim clients, the broker offers Swap-Free accounts, also called Islamic accounts.
|Fast and easy account opening||None|
|Demo and Swap-Free accounts|
|Account base currencies USD, EUR, GBP, BTC, AUD|
|$50 is the minimum deposit amount |
How to Open OneRoyal Live Account?
Opening an account with a broker is quite easy, we could open the account within minutes. You should follow the opening account or sign-in page and proceed with the guided steps:
- Select and Click on the “Trade Now” page
- Enter the required personal data (Name, email, phone number, etc.)
- Verify your personal data by upload of documentation (residential proof, ID, etc.)
- Complete the electronic quiz confirming your trading experience
- Once your account is activated and proven, follow with the money deposit.
OneRoyal provides its clients with quite a diverse selection of popular markets, including over 180 pairs in the Forex market, Indices, Metals, Oil, Stocks, Cryptocurrencies, ETFs, and shares. Among these markets, Forex stands out as the most well-known and offers excellent liquidity, featuring spreads that begin as low as 0 pips. The availability of trading instruments may vary depending on the entity, so it is highly recommended to thoroughly research the range of available options.
- OneRoyal Markets Range Score is 8.7 out of 10 for wide trading instrument selection overall. Yet, on the other hand, many popular asset classes, such as futures, and bonds are not available to trade so might be good to consider other Brokers too, besides variety is different based on entity rules
When it comes to fees, we marked OneRoyal’s competitive pricing on trading instruments, also there is no imposition of any hidden fees. There are no charges for opening, closing, or inactivity of accounts. However, it is important to note that certain charges may apply to deposits and withdrawals depending on the chosen funding method also the country you registered with.
- OneRoyal Fees are ranked average with an overall rating of 8.3 out of 10 based on our testing and compared to over 500 other brokers for all fees applied. See more comparison details below:
|Fees||OneRoyal Fees||VIBHS Fees||XS Fees|
Based on our test trade, OneRoyal spreads are tight and floating, with an average spread of 0.2 pips for the widely-traded EUR/USD currency pair in the Forex market, which is an attractive option for traders considering the average in the industry at 1.2 pips. Additionally, the broker provides competitive spreads for all major currency pairs and other popular trading instruments too. Also, since the trading conditions can differ depending on the entity, it is crucial to conduct thorough research to understand the specific spread conditions that are in place.
- OneRoyal Spreads are ranked low with an overall rating of 8.7 out of 10 based on our testing comparison to other brokers. We found Forex spread lower than the industry average and spreads for other instruments are competitive too, which is benefit for various strategies including Trend Trading or Scalping.
|Asset/ Pair||OneRoyal Spread||VIBHS Spread||XS Spread|
|EUR USD Spread||0.2 pips||1 pip||0.7 pips|
|Crude Oil WTI Spread||0.3||3||3|
Deposits and Withdrawals
For funding methods, OneRoyal offers various funding options for clients to deposit funds into their trading accounts, including bank wire transfers, credit/debit cards, and online payment systems like Skrill and Neteller. However, it is important to note that specific requirements and limitations for each funding method may vary depending on the financial institution and your country of residence.
- OneRoyal Funding Methods we ranked good with an overall rating of 8.7 out of 10. Fees are low, and also you can benefit from various account-based currencies.
Here are some good and negative points for OneRoyal funding methods found:
|OneRoyal Advantage||OneRoyal Disadvantage|
|Fast digital deposits||Methods and fees might vary in each entity|
|14 payment providers|
|Multiple account base currencies|
In terms of funding methods, OneRoyal offers the following payment methods:
- Bank Wire,
- Credit/Debit cards,
- POLi, etc.
OneRoyal Minimum Deposit
To open a live trading account with the broker, you need to deposit $50 as an initial deposit amount for a Classic account, which is considered a good offering overall.
OneRoyal minimum deposit vs other brokers
||Most Other Brokers
Traders can expect a smooth and quick withdrawal process with OneRoyal, enabling them to access their funds efficiently. However, conditions usually vary by the payment provider and might take several days to appear in your account, like withdrawing funds through Skrill or Neteller may take up to 7 business days.
How Withdraw Money from OneRoyal Step by Step:
- Login to your account
- Select Withdraw Funds’ in the menu tab
- Enter the withdrawn amount
- Choose the withdrawal method
- Complete the electronic request with necessary requirements
- Confirm withdrawal information and Submit
- Check the current status of withdrawal through your Dashboard
Clients of Australian and European entities have the option to engage in trading activities using the popular and widely-used MetaTrader 4 trading platform. This platform is accessible through various devices such as desktop, web, and mobile, allowing traders to stay connected to the markets and execute trades at their convenience, regardless of their location. Known for its user-friendly interface, extensive range of functionalities, and automated trading capabilities, MT4 instills confidence in traders and enables them to trade at their desired pace. To assess the trading platforms available for other entities, we recommend conducting your research.
Additionally, for Money Managers and professional traders, the broker provides specialized platforms like MetaFX and MT4 MultiTerminal. These platforms are specifically designed to facilitate efficient fund management under a master account, offering convenience and enhanced control for experienced traders.
- OneRoyal Platform is ranked good with an overall rating of 8.9 out of 10 compared to over 500 other brokers. We mark it as good since it offers the popular MT4 professional trading platform.
|Platforms||OneRoyal Platforms||VIBHS Platforms||XS Platforms|
Per our findings, OneRoyal offers an impressive range of Trading Tools that include advanced charting features with multiple chart types, various timeframes, an economic calendar, and a diverse selection of technical indicators. These tools can greatly assist traders in conducting comprehensive market analyses.
Additionally, the broker integrates a Multi Account Manager (MAM) feature into the MT4 platform, enabling money managers to execute bulk orders across an unlimited number of accounts efficiently. OneRoyal also allows traders to copy trades from other traders or share their trading signals with the wider community.
- Moreover, the MT4 platform supported by OneRoyal facilitates automated trading through the use of Expert Advisors (EAs) and algorithmic trading. This feature is particularly beneficial for traders who prefer a more hands-off approach to their trading strategies.
Broker’s customer support is available 24/5 through Live chat, Email, and Phone. We found that OneRoyal has a team of experienced trading experts who are available to help clients with various issues. These include technical problems, market analysis advice, general inquiries, and operational concerns.
- Customer Support in OneRoyal is ranked good with an overall rating of 7.9 out of 10 based on our testing. We got fast and knowledgeable responses, and also it is easy to reach during the working days.
See our find and ranking on Customer Service Quality:
|Live chat, phone support, email||No 24/7 customer support|
In the end, the broker provides quite an extensive section on its website dedicated to resources and learning. This section covers a wide range of valuable materials, including educational resources, technical insights, trading tools, trading central, a blog, a knowledge hub, and more. Clients can access the resources to expand their understanding of trading and make informed decisions in their trading activities.
Additionally, OneRoyal offers a demo account for traders who want to practice trading without risking real money, making it an essential educational tool for beginners.
- OneRoyal Education ranked with an overall rating of 8 out of 10 based on our research. We found that the broker offers good-quality of educational materials and analysis.
OneRoyal Review Conclusion
In summary, OneRoyal proves to be a reliable and competitive broker that offers a wide range of trading instruments, low pricing and spreads, and strong fund protection measures. The broker’s multiple licensing offers international access to trading along with the utilization of the popular MetaTrader 4 platform. The platform includes advanced charting features, algorithmic and automated trading, and a social trading feature, so is suitable for a wide variety of trading strategies and the experience of traders.
Additionally, OneRoyal’s comprehensive resources section, including educational materials and technical insights, provides valuable support for traders looking to enhance their knowledge and skills. Yet, as the trading conditions vary across different entities, by performing analysis, you can gain a comprehensive understanding of the specific trading conditions that are applicable to your entity.
While exploring other broker options is recommended, OneRoyal stands as a trustworthy choice for traders of all levels, yet we recommend conducting thorough research to assess whether the broker meets your individual trading needs and check well on the broker’s offerings, regulations, fees, and customer reviews, especially since conditions in each OneRoyal entity are slightly different.
Based on Our findings and Financial Expert Opinions OneRoyal is Good for:
- Traders from Australia
- Traders from Europe
- International trading
- CFD and currency trading
- Traders who prefer the MT4 platform
- Good research tools
- Professional traders
- STP/NDD execution
- Copy Trading
- Competitive fees and spreads
- EA/Auto trading
- Good trading tools and learning materials
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