Welcome to our comprehensive review of OneRoyal Broker, an esteemed platform that has garnered numerous accolades across the financial trading industry. As a multi-licensed broker, OneRoyal offers an expansive portfolio of tradeable instruments, including but not limited to, Contract for Differences (CFDs) on foreign exchange (FX), gold, cryptocurrencies, indices, oil, and even shares.
This review will delve into the intricate features, benefits, and potential drawbacks of using OneRoyal Broker for your trading needs. Whether you’re a seasoned trader or a novice in the financial market, this review aims to provide you with a thorough understanding of what you can expect from this award-winning broker.
Keep reading as we unpack the offerings of OneRoyal Broker.
Experience and Commitment
Established in 2006, OneRoyal Broker has been in the trading industry for over 17 years. This longevity is a testament to their reliability, expertise, and ability to adapt to the ever-evolving financial landscape.
The broker’s commitment to maintaining high standards of operation is evident in their dedication to providing optimal trading conditions and a secure environment for their clients. Over the years, they have continually honed their services and offerings, leveraging their rich experience to serve traders better.
One of the most vital aspects to consider when choosing a broker is its licensing and regulatory status. This can significantly impact the safety of your funds and your overall trading experience.
OneRoyal Broker ticks this box impressively as it is a multi-licensed brokerage firm. It is regulated and registered with several reputable regulatory bodies worldwide, which ensures that they comply with international financial standards and provide a secure trading environment.
These regulatory bodies include:
- Australian Securities and Investments Commission (ASIC)
- Cyprus Securities and Exchange Commission (CySEC)
- Vanuatu Financial Services Commission (VFSC)
- Financial Services Authority (FSA)
This comprehensive regulatory framework gives traders assurance that OneRoyal Broker operates with transparency, integrity, and in compliance with international financial standards.
High-Speed Trading Environment
OneRoyal Broker provides a high-speed trading environment, an essential aspect for modern traders. This is achieved through their state-of-the-art technology connectivity, powered by XCore. The implementation of XCore, a high-performance engine designed for financial markets, allows for rapid trade execution and processing.
Furthermore, the brokerage utilises the LD4 and NY4 data centres, globally recognized hubs for electronic trading activities. This combination of advanced technology and strategic data centre usage enables OneRoyal Broker to offer a trading environment with minimal latency and maximum efficiency.
One of the paramount considerations for any trader is the security of their funds. With OneRoyal Broker, you can have peace of mind knowing that your investment is in secure hands. The brokerage adheres to stringent financial standards and implements a robust segregation of funds policy. This means that clients’ funds are kept separate from the company’s operational funds, providing an extra layer of security.
Leverage is a powerful tool that allows traders to control larger positions with a smaller amount of capital. OneRoyal Broker offers flexible leverage options, allowing traders to leverage their positions up to 1:1000*. This essentially means that for every dollar you deposit, you could control a trade worth up to $1000.
Moreover, the broker also offers trading sizes starting from as low as 0.01 lots. This flexibility allows traders of all levels and budgets to participate in the market and potentially maximise their returns.
Minimum Deposit and Spreads at OneRoyal
At OneRoyal, you can open an account with a minimum deposit of just $50, and there are no deposit fees. This low entry point makes Forex trading accessible to individuals with different investment capacities.
In addition to the low minimum deposit, OneRoyal also offers competitive spreads starting from as low as 0.4.
Free Premium Trading Tools with OneRoyal
Every OneRoyal trading account provides traders with the opportunity to access several free premium trading tools. These tools are specifically designed to enhance the trading experience and increase potential success rates.
The MT4 Accelerator is one such tool, equipped with 12 advanced features. It facilitates automated and one-click trading, making it a comprehensive solution for both novice and seasoned traders.
OneRoyal also offers a Copy Trading tool, powered by HokoCloud. This feature allows traders to mimic the trades of successful counterparts, providing a learning platform for beginners and a strategy discovery avenue for experienced traders.
The Trading Central tool is another key resource offered by OneRoyal. This tool enables traders to make informed decisions based on technical analyses from a leading signals provider.
Lastly, OneRoyal provides VPS Hosting, which permits traders to operate privately with quick execution speeds and ultra-low latency. This tool is particularly beneficial for traders using automated trading systems or those requiring consistent connectivity.
OneRoyal Demo Account
OneRoyal offers a demo account specifically designed for beginner traders. This feature provides a safe, risk-free environment where you can test your trading strategies and hone your skills. With 30-day access to the demo account, you get ample time to familiarise yourself with the trading platform, understand market dynamics, and build confidence before transitioning to a live trading environment.
Account Types at OneRoyal
OneRoyal offers two main types of trading accounts, giving you the flexibility to choose between a commission-based or spread-based account depending on your trading preferences and strategies.
ECN Account: Raw Spreads with Commission
The ECN account is a commission-based option that offers raw spreads. Traders pay a ticket fee commission per trade, making it a suitable choice for those who prefer transparent pricing structures and direct market access.
Zero Commission Account: Only Spreads, No Ticket Fee
Alternatively, the Zero Commission account operates solely on spreads, eliminating the ticket fee commission per trade. This account type is ideal for traders who prefer simplicity in cost structures and want to avoid extra trading fees.
Account Tiers: Classic and VIP
In addition to the main account types, OneRoyal also provides two account tiers, allowing you to select an investment level that aligns with your financial goals. The Classic account is designed for investments ranging from $50 to $9,999, while the VIP account caters to investments above $10,000. This allows you to choose what best suits your trading style and financial capabilities.
Summary Table: Classic and VIP Tiers for Zero and ECN Account Types
This table provides a clear visual representation of the key features for each account type and tier. It is crucial to understand these differences when choosing the most suitable trading account for your needs at OneRoyal.
Other features may vary depending on the Account Tier as shown in the following table.
Forex Education at OneRoyal
OneRoyal provides a comprehensive education platform designed to increase your understanding of the Forex market and improve your trading skills. Here are the resources available:
The Roy and Al Show
This is a series of educational videos on various Forex topics, providing in-depth knowledge and insights to both beginner and experienced traders.
This masterclass offers a complete guide to everything related to Forex and trading. It features a series of videos that cover all aspects of Forex trading.
Education on Demand
This platform offers Forex trading tutorials presented by a technical analyst. It’s ideal for those who prefer learning at their own pace.
Here, traders can discover new opportunities, learn more about Forex, and time their trades effectively.
OneRoyal’s webinars are presented by industry experts and cover a wide range of Forex topics. They provide an excellent opportunity to learn from the best and interact with other traders.
The blog section provides numerous guides and articles on Forex trading, offering valuable insights and tips.
OneRoyal offers an enticing promotion that allows traders to double their deposits with a 100% bonus. This means that when you make a deposit, OneRoyal matches that amount, effectively doubling your investment. This can provide up to $5000 of additional Free Margin, significantly boosting your trading power and potential for profit.
The broker’s commitment to customer care is evident in their provision of live, multi-lingual support 24 hours a day, five days a week. This ensures that traders across different time zones and language preferences can access timely assistance, enhancing their trading experience and confidence in the brokerage’s services.
Pros of OneRoyal
- OneRoyal operates under the control of four regulators, making it a secure platform for trading.
- The broker stands out among its competitors by offering seven groups of CFDs.
- It offers a competitive leverage of 1:1000, allowing traders to maximise their profits.
- With a minimum trade volume of just 0.01 lot, OneRoyal makes trading accessible to everyone.
- You can start trading with a deposit of just $50.
- OneRoyal offers attractive spreads from 0.4 pips and fees of $0-$7 per lot, which is competitive compared to other brokers.
- The broker offers high-quality training resources and tools for technical and fundamental analyses, helping traders improve their skills and knowledge.
- While this may not be a pro for everyone, some traders might appreciate the opportunity for higher gains, albeit with a higher level of risk.
Cons of OneRoyal
- Technical support is not available on weekends.
OneRoyal is a globally trusted, multi-licensed broker that has been in operation since 2006. Offering online CFD trading on a variety of instruments including forex, crypto, oil, metals, shares, and indices, it provides its clients with a diverse range of trading opportunities. Despite its high-risk level, the broker stands out for its competitive spreads and low commission per trade, as well as its high-quality training and analytical tools. However, some aspects, such as the absence of a referral program, limited technical support, and trading restricted to the MT4 platform, may be viewed as drawbacks by some traders. Overall, OneRoyal’s standing in the market is attributed to its regulatory compliance, extensive asset offering, and commitment to client satisfaction.