Pros & cons of One Royal broker

One Royal Fact sheet

One Royal is regulated by the Australian Securities & Investment Commission (ASIC) and Vanuatu Financial Services Commission (VFSC). Negative balance protection will prevent traders from going into a minus balance when trading with One Royal’s 1:1000 leverage. Furthermore, One Royal is part of an investor compensation fund in case of insolvency and uses segregated accounts to store client funds. Segregated accounts prevent the broker from touching the client's money and keeping things safe for clients in case of insolvency. 

There are two types of accounts at One Royal called Zero and ECN accounts, which are also sorted into two tiers, tier one and tier two depending on the deposit size. The minimum deposit starts from 50 USD and clients can choose between zero commissions or zero spreads accounts which differ only with spreads and commissions to appeal to every type of trader. To get even better terms a higher balance is required. For the zero commission account the minimum deposit is 50 USD and this is also true for the ECN account. For the ECN account spreads start from 0.0 pips and the commission is 7 USD per 100k round turn. For clients who have got at least 10,000 USD on their trading account, there is a second tier available with spreads on tier 2 Zero accounts starting from 0.4 pips and no commission. For tier 2 ECN accounts the minimum deposit is also 10,000 USD and spreads start from 0.0 pips with 3.5 USD commission per lot round turn is very competitive if we compare One Royal to other well–established brokers out there. The minimum lot size tradable is 0.01 for all account types with all tiers which makes it possible to trade on a micro account style with a low budget. With leverage of 1:1000 traders can control considerable trading positions with the smallest budget possible. 

Pros & cons of One Royal account types

Comparing One Royal fees with other brokers

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*Inactivity fee was eliminated by IB in 2021, it used to be $20/m

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For traders and money managers One Royal offers some advanced trading platform software including MetaTrader 4 (MT4), which includes MT4 for computers, MT4 web, android, iOS, and macOS. It is possible to use the same credentials on all devices when using the MetaTrader 4 software which makes trading on the go very comfortable and intuitive. It supports advanced charting and automated trading capabilities and the broker also offers free tools to assist its traders in their trading endeavors. For money managers, One Royal has few tools available to make it comfortable and simple to manage client funds with MetaFx and MultiTerminal. Hoko Cloud is offered by One Royal as a fast-growing social trading platform that allows social trading and copy trading.

Education and market research tools can be found under the Resources section on the One Royal website. The broker offers multiple educational courses and articles to teach newbies about Forex basic trading skills. Educational resources provided include:

• The Roy & Al show - these guys offer Forex trading educational materials and courses in a funny and entertaining manner.
• Knowledge Hub - a masterclass in Forex trading with numerous video tutorials
• Education on-demand - where an expert trader provides video guides and tutorials for newbies

There are other resources available and many more research tools that include Trading Central, MT4 accelerator, and several other resources. Both educational and research tools are excellent and provide all the basic knowledge for beginners to learn more about financial markets and the practical side of trading.

A few support channels are available at One Royal including multilingual live chat, an online form, email, and phone number. It is easy and simple to contact the broker through live chat which is provided in two languages and support representatives are responsive and polite.

One Royal is a regulated Forex and CFD broker, the regulators include ASIC and VFSC. The broker has 15 years of experience and offers negative balance protection and low spreads and commissions. Spreads start from 1.4 pips and with an ECN account can be lowered to 0.0 pips with industry-average commissions. The minimum deposit is 50 USD, leverage is capped at 1:1000, and the minimum lot size starts from 0.01 lot. These terms make it possible to trade on a micro-like account environment and command considerable trading positions with a relatively small budget. Customer support is good and there are plenty of educational sources and market research tools available on the One Royal website. Withdrawals, like deposits, are free of charge but when withdrawing profits it is impossible to use bank cards and additional charges may be required.