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We have got used to the fact that European brokers conquer Asian markets like in India, Malaysia, Dubai, Hong Kong, etc. But as Forex is an always turning carousel, the Asian conglomerates are also coming to us.
Forex can be seen as one global community where everyone is welcome everywhere. There are no borders in the Forex industry, and that is what makes it special. This review deals with a Middle Eastern broker who expanded to the most popular destinations in the world.
Royal Forex comes from Lebanon, and it seems that the broker is determined to take over the world. This Royal Forex review will discover how things are done in the Middle East and what it takes for a broker achieve global status. Royal Forex opened its first office in Lebanon in only to become a world-recognized broker today.
The broker offers services using the latest technological advances, contemporary methods, and the best-known licenses.
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First, the broker made a name in Australia with the ASIC license, the only valid license in Australia which is issued by the official ASIC commission. In , the broker desired to make a breakthrough in the European market, and we all know that Cyprus is not only the heart of the Forex industry but also a geographically strategic destination linking Europe and Asia.
With the license, the broker can finally focus on expansion throughout Europe. The broker is one of the biggest names in the Middle East, and there is no doubt that it soon will be equally known in Europe. In its home country Lebanon, the broker is supervised by the Capital Markets Authority and by the Central Bank of Lebanon.
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According to traders, this broker is one of the good ones who offer transparent services and are genuinely interested in fair treatment. Royal Forex seems to have done their homework and prepared well for the European market. They offer two platforms which are the most popular in Europe.
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The MT4 will certainly attract new clients with its unlimited charts quantity, offering a variety of timeframes, expert advisors and a large number of indicators, etc. Traders get to enjoy real-time data and built-in programming features and settings. The cTrader can also be customized and personalized by traders and help them develop their own trading style.
Traders can also enjoy mobile trading with Royal Forex by downloading the Royal Forex mobile apps for both platforms in order to be all-around equipped for true royal trading.
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The broker offers ECN services as well as dealing desk services. There is a Standard and an ECN account. The broker recently reduced its spreads form 2 pips, which many customers considered a little bit too high.
With the ECN account, spreads are even more competitive starting form 0. The minimum trade size for the Standard account is 0. Maximum leverage is 1: Besides this, the broker also offers MAM accounts for all financial advisors and fund managers, as well as swap-free accounts for the Middle-Eastern Muslims.
You can also trade stocks, options, indices, futures, ETFs, and commodities form any Royal Forex account.
The broker offers over 30 currency pairs for trading, and hedging and scalping are allowed. The Royal Forex Booster Bonus promises to reward you for trading large volumes.
The broker has a lot to offer as we see, but regarding deposits and withdrawals, the broker completely excludes e-wallets. The only ways to deposit and withdraw are wire transfer and credit card payments. We hope that the broker will soon accept at least several e-wallets to make it easier for traders and themselves as well.
You can call the Royal Forex support team, e-mail them, or contact them via online support on their website. FX Brokers Reviews Broker Review XM XM Review AvaTrade AvaTrade Review HYCM HYCM Review InstaForex InstaForex Review eToro eToro Review.
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