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Royal Capital Pro Review
Want to trade with the broker that is based in the United Kingdom? There is always a choice! Read our full Royal Capital Pro review and find out if this broker can become your choice number one!
Min. Deposit: $250 Demo: No
Platform: MT4 Bonus: N/A
Regulation: FCA US Clients: No
Royal Capital Pro is a successful brokerage firm that has been delivering its services since 2020. The website of Royal Capital Pro is owned and is being operated by Media Zone Solutions LTD. As for the headquarters of this broker, it is located in 272 Bath Street Glasgow, G2 4JR, Scotland.
Royal Capital Pro is pretty transparent about its activity and their website has provided us with all the required information. Is Royal Capital legit? Our answer is yes.
The customer support is 24/5 and can be reached via phone or email. The support agents speak two languages: English and Arabic.
It is rather easy to open the account at this broker and you do not have to give a lot of your personal data. There are 3 currencies available when you register: USD, EUR and GBP. After the account is opened, it is up to the trader to choose between 4 different account packages. Let’s take a closer look at them further in our Royal Capital Pro review:
Silver account is the most basic one which is generally good for the Forex starters. Minimum deposit requirement is $250. Then comes Gold account with more advanced features and personalized approach. The minimum investment for Gold account is $1000. The last ordinary trading account is Platinum that can be opened once you deposit $5000 or more. Platinum account provides a trader with assigned account manager, various market reports etc. If you want to be treated as VIP, then you can certainly go for Platinum.
It is important to mention that the broker only charges the spread for order execution, which means that there are no hidden commissions. However, our review of Royal Capital Pro has spotted that for overnight positions the broker still charges a fee and you should specify this at customer support.
The fourth account that we have mentioned is called Islamic Account. Known as swap-free account, the Islamic account at Royal Capital Pro. This means that the broker will never charge a rollover fee or widen the spread for those traders that follow the Muslim faith. Islamic account is granted in person, so it is necessary to contact customer support if you want to open it.
Additionally, the broker allows opening a demo account with $50000 virtual funds. This a good way to practice and enhance your FX trading skills.
Best For Beginners!
Free Trading Education!
Free Demo Account!
Get Your Sign-Up Bonus Now:
Only For Experienced Traders.
Royal Capital Pro Forex broker offers 3 distinct trading platforms for all its clients. They include MT4, cTrader a proprietary WebTrader platform.
MT4 and cTrader are the desktop platforms which need the software to be installed on the PC. As the two most popular Forex trading platforms, MT4 and cTrader offer advanced charting tools, ultra-fast order execution and the massive library of technical indicators. In addition, the automated trading is possible via these platforms. On MT4 it is represented by Expert Advisors or EAs developed with the help of MQL4 programming language. On the other hand, cTrader delivers automated trading via cAlgo. It is vital to mention that Royal Capital Pro allows trading on the move thanks to the MT4 apps available via App Store and Google Play.
The second platform offered at this broker is the WebTrader. As all web-based platforms, Royal Capital Pro WebTrader does not expect you to download any software. The platform utilizes HTML5. As other Royal Capital Pro reviews admit, the overall performance is seamless and the design is certainly comfortable for trading
On all its trading platforms, Royal Capital Pro offers 4 types of trading instruments – Forex, Index CFDs, Precious Metals and Energy Commodities. There is currently for trading Royal Capital Pro binary option, although this might come up with the next update.
When preparing this Royal Capital Pro opinion we have noticed a great educational section at the website. The broker has provided all users with the massive amount of video tutorials that explain the basics of Forex trading, show how to use MT4 and teach key Forex trading strategies.
On top of that, there is a possibility to use the Glossary to know the necessary trading terms.
Deposits and Withdrawals
Deposits and Withdrawals can be made with credit/debit card, Skrill, Neteller and wire transfers. Generally, there are no fees associated with making deposits or withdrawing funds. However, Royal Capital Pro broker still charges $35 or the equivalent amount for withdrawal via wires.
To become eligible for funds withdrawal, the broker requires you to upload necessary documents, e.g. ID and the proof of address.
You certainly can make money with this Forex broker. Is Royal Capital Pro scam? We are not inclined to think so. Be free to sign up!
Fortrade Review – Is it scam or safe?
RECOMMENDED FOREX BROKERS
|Account type||Minimum deposit||Minimum trade size||Maximum leverage||Spread|
|Live||$100||0.01||1:200||2 pips on EUR/USD|
This forex broker offers its clients just one live trading account type with leverage up to 1:200, micro tradeable lots and no commission fees.
Fortrade is the trading name of Fortrade Ltd., a UK-based company authorised and regulated by the Financial Conduct Authority (FCA).
It was established in 2020, and now it offers a wide range of trading instruments covering more than 150 currencies, as well as commodity, index and stock CFDs through their in-house platform, as well as the MetaTrader 4.
Security of Funds
Fortrade Ltd., operating under the brand Fortrade, is duly licensed and regulated by FCA. UK-regulation is famous for its strictest standards and supervision. To acquire a license from the UK financial watchdog, brokers have to prove their financial stability and to meet a number of requirements. For instance, clients` funds are to be kept in segregated bank accounts separated from the company’s operating funds. What is more, regulated companies must hold a minimum of €730 000 to be considered financially stable. Similar minimum capital requirements apply in other jurisdictions: Australian brokers are obliged to possess at least $ 1 million; Cyprus-based brokerages are required to hold € 1 million; and US forex brokers must possess $ 20 million.
Regulation by FCA also involves additional guarantee to clients’ funds, since they fall under the Financial Services Compensation Scheme, where the maximum compensation cover is £50,000 per person per regulated firm.
Here is a list of more FCA-regulated brokers.
Minimum Initial Deposit
Fortrade recommend a minimum initial deposit of 500 EUR/USD/GBP, however it is possible to start trading with just €100. This is an average minimum initial deposit. In comparison, other UK-based forex brokers, like FxPro, require $500, and XM for instance demands just $1 from traders to start with.
Spreads & Commissions
Fortrade charges no commissions, as it gets its remuneration through the spread. This broker offers fixed spreads, amounting to 2 pips on EUR/USD, which is average for the market. Yet, trading costs with other brokers are lower. For example, FxPro provides average variable spread of 1.4 pips on the EUR/USD for its commission-free MT4 accounts.
This broker offers different maximum leverage levels, depending on the instruments traded: 1:50 for indices and commodities CFDs, 1:10 for stock CFDs and 1:200 for most currency pairs.
A maximum leverage level of 1:200 is standard for the forex market. If you need higher leverage, other UK-based brokers provide such: HY Markets – 1:300; Admiral markets – 1:500. More forex brokers offering leverage equal to or exceeding 1:500 can be viewed here.
Leverage allows traders to gain large exposure to diversified markets with a relatively small amount of invested capital, however it is healthy to keep in mind that the higher the leverage ratio, the higher the risk. Leverage is a double-sided coin.
Fortrade offers its services on two trading platforms, its in-house Fortrader and the the popular MetaTrader 4.
Fortrader is available as desktop, mobile and web versions available. This is its proprietary platform, which is very simple and easy to use, yet traders who are used to the advanced features offered by MT4 may find it too simple and not very handy.
Besides, Fortrade supports the most common platform for currencies trading, MT4. It also is available in all forms and shapes, for desktop, web and mobile users. This platform is highly valued for its reliability, ease of use, and top notch professional tools and features: great charting package, wide range of Expert Advisors, indicators, backtesting options, etc.
Like many other brokers, Fortrade also offers a welcome bonus, amounting to 30% of the first deposit (up to €3000). The deposit must be €100 as a minimum and the bonus expires within 90 days.
Bonus monies may be used for trading only and cannot be withdrawn until account trading volume reaches 10 000 base units for every €1 bonus.
Methods of Payment
Fortrade’ s clients can make deposits and withdrawals from and to their accounts via credit/debit cards, bank transfer, wire transfer, Skrill and Neteller.
Fortrade is a well-regulated UK-based broker offering trading in forex and various CFDs under competitive trading conditions. To sum up the above, here are the Pros & Cons in relation to this broker:
|FCA-regulated||Only one account type offered|
|30 % on deposit welcome bonus|
|MT4 available, as well as in-house platform|
FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.
XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFD and Forex Trading are leveraged products and your capital is at risk. They may not be suitable for everyone. Please ensure you fully understand the risks involved by reading our full risk warning.
FOREX.com is a trading name of GAIN Capital UK Limited. GAIN Capital UK Ltd is a company incorporated in England and Wales with UK Companies House number 1761813 and with its registered office at 16 Finsbury Circus, London, EC2M 7EB. GAIN Capital UK Ltd is authorised and regulated by the Financial Conduct Authority in the UK, with FCA Register Number 113942.
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