Royal Trade FX Review – 5 things you should know about

Royal Trade FX Review – 5 things you should know about

Beware! Royal Trade FX is an offshore broker! Your investment may be at risk.



Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


At first glance everything seems to be in order with the forex company Royal Trade FX. It looks like everything we are looking for – registration, trading platform, Terms and Conditions document – is in place. A quick look at the accounts also shows nothing out of line. But we do not take things as they look, we take a deeper look inside the company’s website to make sure that this brokerage is not scam.

As per its website, the company trades in forex, metals, futures and shares. To its clients, it offers 4 different accounts, as per the screenshot below. We’ll discuss the details further down in this review.

Registration is instantaneous (less than 60 sec.) and you are good to go!

Royal Trade FX Regulation and safety of funds

From the company’s website we find out that Royal Trade FX is a trade name of KBS Capital Markets LTD, registered in Marshall Islands. What you need to know here is that Marshall Islands is an offshore zone with no financial regulator. You can even register your company there on the Internet without actually having to go there. Now, maybe you ask ‘why is this important?’ It is important indeed because non-regulated forex companies does not bear the same responsibilities as the regulated ones. With the forex trading being one of the high risks business endeavors, we are sure that you will want some safety precautions for your funds. Let us tell you that only regulated brokerages can provide that. For example, forex companies registered and regulated in EU, UK or US must comply to certain requirements that prevent scammers trying to take advantage of you. First of all, these forex brokerages must have an initial capital of 730,000 EUR and also, contribute to a compensation fund which in case of bankruptcy will restore up to 20,000 EUR of client’s funds if registered in Europe and up to 85,000 GBP if registered in UK.

As you can see, these regulations have 2 aims – to prevent scammers getting into the game and to protect forex traders’ funds. We hope that you will seriously think over where to put your money given the above mentioned information as this is a serious matter to consider if you are planning to go in forex trading and don’t want to lose your funds.

Royal Trade FX Trading platform

To its clients, Royal Trade FX offers the MetaTrader 4 trading platform and a web trader.

You may know that MetaTrader 4 is one of the well reputed and popular among brokers trading platform. Its advantages consist mainly in the fact that it offers a variety of trading tools and instruments to facilitate your transactions. For example, a financial calendar, VPS, trading signals (for a subscription fee), code base with customs scripts, demo account, etc.

We opened the web trader platform and this is what it looks like:



Compared to MetaTrader 4, the web trader looks very basic. On the left hand side, you see displayed the currency pairs with their bid/ask price and in the middle of the screen, you see the fluctuation of the price in a given time frame. Simple sell/buy buttons and basically that’s it! The spread we see on the screenshot is 0.1 pip. If you look at the account information on the first screenshot in this review, you will see that the spread given there would vary depending on the trading account but will keep under 2 pips.

However, if you look at the leverage, you will notice that the lowest leverage is 1:500 and the highest is 1:1000. If you are new to the forex trade, you may not know, but high leverage entails high risk of losing your money. In the regulated jurisdictions, there is cap on leverage which for Europe is 1:30 and in the USA is 1:50. As you can see, the numbers here are a lot lower than what Royal Trade FX offers. We ask you to not get tempted by brokerages offering high leverages. Sure, if you win, you win big, but if you lose, you also lose big. Forex trading is a risky business in its nature and if you look at the statistics, you will see that the chances of losing in forex trading are much higher that chances of winning. So, please exercise caution and do not waste your money in risky transactions!

Royal Trade FX Deposit/Withdrawal methods and fees

The minimum deposit is $100 (Micro account).  For the other accounts, they are $500, $1,000 and $10,000. There is no fee on deposits, however, if the account remains inactive for 6 months, then 10% will be deducted each month. To fund your account, you can choose between payments via credit/debit card, wire transfer, E-Wallets and Venus. The same methods apply for withdrawals, as well.

Withdrawals are subjected to processing and handling fees which are deducted from the transferred amount. Once a month withdrawal request are not charged fees but any subsequent withdrawal is charged a processing fee of 30USD, 25 EUR or 20 GBP. In addition to that, the processing time for withdrawal requests is 2-5 business days.

We want to comment that although the initial deposit of $100 is within an acceptable amount, the withdrawal long processing time and fees for subsequent withdrawal requests do not work to the client’s advantage.

In the Terms and Conditions document, there is a mention of the non-deposited funds in the form of bonuses which the company makes available to its clients. We would like to clarify that non-deposited funds are not money deposited by the client but by the company. The brokers offering such bonuses or non-deposited funds want you to see them as ‘gifts’ to stimulate and motivate your forex transactions. But as you may be aware, there is no such thing as a ‘free gift’. Those bonuses or non-deposited funds usually come with some stringent rules attached to them that can affect your trading activities or withdrawal opportunities. In clause 6 of the section Additional Terms and Conditions, the company makes it clear that non-deposited funds are not clients funds, including the profits gained on account of those funds. The fact that the referred in Terms and Condition Bonus Policy is not available on the company’s site should put you on red alert. Never accept bonuses or non-deposited funds if you do not know the rules attached to them!

How does scam work?

If scammers make a movie, it will probably be called “Dream on”. They make everything sound credible and build their scam on your dreams of getting an easy and quick profit. People get duped if they decide to deposit money into one of the scammers schemes. What you probably do not know is that your hard-earned money goes as commission to the scammers. Next, you get inundated by daily calls. First, the scammers congratulate you for joining their business, next they try to persuade you to invest even more money. After all, the more money you send, the bigger money fall you can expect. This of course is not how things work. By the time you realise that no money is coming your way, it might be too late. All you want now is to get your money back and get out of there but the scammers have other plans for you and they won’t late get away so easily. Now they try to delay you so that you miss the deadline for chargeback.

What to do if scammed?

If you get scammed, our advice is to act immediately and if you have paid your deposit via credit/debit card you may still have a chance. Visa and MasterCard allow you 540 days time limit to file for chargeback which gives you a fighting chance to recover your money.

However, if you have used bitcoin or bank wire for your payment, the chances of you recovering your money are really slim.

Cancelling your credit/debit card in case you have given the scammers your CVV code may be another good idea. Also, make sure to remove from your PC any software that my give scammers access to your private data stored on your computer.

Whatever you do to recover your funds, beware of the so-called recovery agents. Please make sure that you are dealing with a genuine one by checking their credentials and company’s information transparency. Otherwise, you may fall victim to another form of scam.

Rich Snippet Data
Review Date
Reviewed Broker
Royal Trade FX
Broker Rating

Top Forex Brokers

Broker Country Rating Min. Deposit Website
US 5/5 $50 Click for a special offerWebsite
USA 5/5 $250 Click for a special offerWebsite
UK, Cyprus, Belize 4.94/5 $5 Click for a special offerWebsite
Australia 4.93/5 $100 Click for a special offerWebsite
UK, Australia 4.85/5 $50 Click for a special offerWebsite
Cyprus, SVG 4.8/5 $100 Click for a special offerWebsite

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like

Invefx Review – 5 things you should know about

Invefx is an online trading platform for binary