Launched back in 2009 by a team of ex-interbank dealers, FinRoyalty is a globally renowned award-winning forex and CFD broker.
Having its origin in the sunny island of Cyprus, in Limassol, FinRoyalty offers great conditions for trading in a wide range of instruments, including forex pairs, CFDs on commodities, indices, precious metals and energies. What is more, FinRoyalty provides ultra-fast execution, support for well over 30 languages, as well as awesome bonuses & promotions.
Regulation & Safety
FinRoyalty is a brokerage with solid regulation, meeting the highest regulatory standards. The FinRoyalty Group is a group of regulated online brokers.
CySEC and ASIC are top-tier financial regulators and all brokerages licensed by one of those, have to meet certain set requirements and are subject to strict supervision. This means that clients of any such brokers can trade with the ease of mind that their funds are safe and their interests protected by the respective laws.
Negative Balance Protection (NBP)
Additionally, FinRoyalty provides its clients with Negative Balance Protection. This means that if a client’s account balance goes into negative as a result of the fast-pacing volatile market, it still will be brought to zero by the broker. We recommend that you choose among brokers who provide NBP, so that you may trade with the certainty that you can’t lose more money than you have invested.
Overall, the conditions offered by FinRoyalty are really attractive. Here are some of the highlights:
the minimum initial deposit is just $250, a symbolically low amount to start with;
competitive variable spreads;
flexible leverage with maximum levels in line with the regulations applicable in each country the broker operates;
you cannot lose more than you have deposited because of the Negative Balance Protection provided;
low-risk trading in micro-lots available on all account types.
Keep in mind that the trading conditions vary a bit, depending on the actual entity and the jurisdiction it operates in. This is due to FinRoyalty’s commitment to complying with the laws applicable in each country.
* Note that Trading Point of Financial Instruments offers Account instead with a spread as low as 0.6 Pips and leverage up to 1:500.
What is more FinRoyalty offer swap-free (Islamic) accounts, designated for clients who are not willing to earn interest for religious reasons?
FinRoyalty offers its clients two of the most popular platforms in the trading world: the industry’s standard Metatrader 4 (MT4), and its most recent version, the MetaTrader 5 (MT5). Both platforms are developed by MetaQuotes Software Corp, and come in all forms and shapes: desktop, web, and mobile (for iOS and Android devices).
MT4 is internationally acclaimed trading software, offering a full array of trading tools and features: more than 50 built-in technical indicators, advanced charting package, a wide range of Expert Advisors (EAs) and extensive back-testing options for them. Traders can download ready-made or create their own EAs and let the program do all the work, no human emotions involved. Also, this saves up a considerable amount of time from the routine of market watch as well as trade execution.
What is more, FinRoyalty provides MT4 MultiTerminal – a practical and convenient way to manage multiple accounts simultaneously from a single interface.
The MetaTrader 5, on the other hand, has kept most of the highly praised features of the MT4 and has one outstanding advantage. MT5 users can trade in derivatives such as forex and CFDs, and exchange-traded stocks, from one and the same account.
Also, free Virtual Private Server (VPS) hosting is offered to both new and existing clients who deposit a minimum of $5,000 and trade at least 5 round turn lots per month. VPS hosting allows the execution of orders 24 hours, 5 days a week.
Signals trading is also available for FinRoyalty clients. All live account holders are entitled to free and unlimited access to the trading signals hub, where they can get daily forex signals for some of the most popular financial instruments.
Methods of Payment
FinRoyalty supports a wide range of account currencies and payment methods. FinRoyalty is accepting the most commonly used Local Payment methods today including Credit/Debit Card, Neteller, Skrill, WebMoney, Bank Wire Transfer, etc.
What is more, the broker covers all deposit and withdrawal transfer fees for payments made via Neteller, Skrill and more.
FinRoyalty is a reliable award-winning FX and CFDs broker that offers pretty good trading conditions. To sum up the above, here are the advantages and drawbacks with regards to this broker:
Negative Balance Protection
Competitive spreads, a low initial deposit
MT4 & MT5 both available
Attractive Bonuses & Promotions
Fast execution speed
No significant disadvantages