One Royal Forex Broker Review – Comprehensive Guide | TradeForex

One Royal Basics

🏛️ Based in	Limassol, Cyprus
⚖️ Regulation	CySEC
💰 Minimum Deposit	$50 (20000 Naira)
💳 Deposit Options	VISA, MasterCard, Bitcoin, Check, Ether, FasaPay, Globe Pay, Interac, Neteller, Ngan Luong, PayTrust88, PerfectMoney, Poli, Ripple, Skrill, and Tether.
💳 Withdrawal Options	VISA, MasterCard, Bitcoin, Check, Ether, FasaPay, Globe Pay, Interac, Neteller, Ngan Luong, PayTrust88, PerfectMoney, Poli, Ripple, Skrill, and Tether.
📌Open an account	Start Trading with One Royal

Our Opinion About One Royal

One Royal is a forex broker that was founded in 2006. The company is based in Cyprus, and it is regulated by the CySEC (Cyprus Securities and Exchange Commission).

The broker allows traders in Nigeria to open an account with $50 or more, which is considered a very low amount compared to other brokers. Traders can choose between three types of accounts: Classic, Premium, or VIP accounts. One Royal offers Nigerian traders a wide range of assets, including stocks, futures, commodities, indices, and cryptocurrencies. All their accounts come with great trading conditions, including high leverage and fast trade execution, ensuring you get the best possible trading environment.

One Royal offers a wide range of trading tools, including charts, technical indicators, news feeds, and market analysis. One Royal also offers its clients MetaTrader 4 platform for trading on the forex market 24/5. Additionally, various features are available, such as demo account, live chat with customer services, and social media integration. The great thing about One Royal though is that it offers both a high level of trading support and a high level of customer service. This means that each trader gets exactly what they need, whether that’s help with their trading or help with their account.

Key Benefits

https://youtu.be/Xa3iHuw4PIw

Regulation and Safety

One Royal is a broker regulated by the Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), and Canadian Investment Management Association (CMA). These regulators are among the most respected in the world. They have strict guidelines for brokers who want to become licensed by them.Here are the full list of its licences:

Regulation In Nigeria

Traders in Nigeria can open an account under the VFSC entity. The regulatory bodies were created to protect investors from fraud and unfair practices. They also make sure that brokers only offer safe financial products. One Royal has been in business since 2006, which means they have had plenty of time to build up their reputation. They have a solid track record of providing excellent customer service and quality products.

Client Fund Safety

One Royal has segregated accounts. This means that your money is held separately from their company funds, in top-tier banks, and that your money is safe even if One Royal went bankrupt. This is important because it means One Royal cannot use your money to pay off any debts or liabilities. The company also has other important security measures in place, such as SSL encryption and two-step authentication processes.

Industry Awards

One Royal is a leading global service provider for the financial services industry. It has won awards for being the Most Transparent Forex Brokers in the Middle East by Global Finance Magazine (2011), Best Online Broker in the Middle East by Citywealth Magazine (2012). As well as Best Value Broker at Smart Vision Expo- Cairo (2021). One Royal also has a great reputation for offering excellent tools and trading conditions. It has awards for being the Best Dealing Room in the Middle East (2011), Best Mobile Trading FX Platform (2012), Best Forex ECN Broker (2012), and Most Transparent Forex Broker (2013).

One Royal: Legit or Scam?

One Royal is a real and legitimate forex broker. They have earned the trust of many clients worldwide, and have been offering online trading services for over ten years. They are regulated by some of the best and strictest financial authorities in the world. They have also won many forex awards in recognition of their services. In terms of their trading, they have a good choice of account types and trading instruments. They also have a nice range of convenient payment methods, as well as a high level of client fund protection. In our opinion, they are a legit forex broker.

One Royal Trading Assets

One Royal Forex offers a wide range of trading instruments. These include currencies, cryptocurrencies, CFDs, and stocks/indexes.

One Royal Trading Instruments

• Currencies: (60+) One Royal Forex offers a very large number of currencies to trade with. This includes most major currencies as well as some exotic ones. You can trade any of these currencies with leverage up to 1:1500.
• Cryptocurrencies: (4) The cryptocurrency offering at One Royal Forex is limited to bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), and ripple (XRP). These four cryptocurrencies are also available for shorting through CFDs.
• CFD:(10+) One Royal Forex offers more than 10 CFDs, including gold, silver, stocks/indexes, oil, futures contracts, and ETFs
• Stocks & Indices:(11+) The 11 stock indices currently offered at One Royal Forex are S&P 500; Dow Jones Industrial Average; FTSE 100 Index; Nasdaq 100 Index; Nikkei 225 Index; Nifty 50 Index; Hang Seng Composite Index; Shanghai Composite Index; Shenzhen Composite Index; Straits Times Composite Index & Taiwan Weighted Average.

One Royal Account Types

Zero Commission Accounts-Classic, Premium, VIP

The Classic, Premium, and VIP accounts offer competitive spreads and no commissions on your trading activities. You only pay for the spread between the bid and ask price of the currency pair you are trading. As such, you keep your trading costs low.

The Classic account is suitable for Nigerian traders with a low volume of transactions and a small amount of capital to invest. The Premium account is designed for more active traders who want to trade with more flexibility than offered by the Classic one. It has a higher maximum leverage and allows you to open multiple positions simultaneously.

Finally, the VIP account is designed to meet all your trading needs. It offers unlimited access to training materials, additional technical analysis tools, and personal support from an expert advisor at any time during your trading day.

Core Accounts (Raw) – Classic, Premium, VIP

The trader account is One Royal’s middle-tier account. It offers some protection against losses but still has tight spreads. You get access to free credit rollovers on all instruments and can request additional ones if needed. The trader account also gives you access to an advanced order ticketing system, allowing you to place complex orders easily. The trader account is perfect for Nigerian traders who want more protection against heavy losses without paying for it through higher commissions or fees!

The Classic account is a good choice for Nigerian traders who have a limited amount of funds to invest or who want to trade with smaller amounts. It is also an ideal choice for beginners who want to learn the basics of forex trading before investing more money into their accounts.

One Royal Premium account offers a great balance between the Classic and VIP accounts. It is suitable for new traders and experienced traders alike. The Premium account has all the benefits of the Classic account but with slightly higher leverage and a wider variety of assets to trade.

Finally, the VIP account is designed for experienced investors looking to maximise their trading potential with higher leverage and access to more advanced tools and features than any other broker offers in its core product line-up.

Demo Accounts

The demo account is for those new to the world of forex trading who want to get a feel for the market before investing real money. The demo account lets you trade with virtual currency and has no restrictions on how much you can trade or how many times you can trade. You will have access to One Royal’s tools and features, but there are no rollovers or commissions on trades. There are also no minimum deposit requirements for using the demo account.

Trust Accounts

These accounts are for Nigerian traders who want to operate their own business but don’t want to deal with the headaches of setting up a company and paying taxes. The One Royal Trust Account is designed for small businesses that want to trade forex but don’t want to go through all of the paperwork to set up an LLP or other type of company.

Corporate Accounts

These accounts are for larger businesses with more than 50 employees that need to trade currencies for business purposes. In order to open a corporate account, you need to provide proof of incorporation (e.g., Articles of Incorporation) and proof of authorization from the Board of Directors (e.g., Board Resolution).

Joint Accounts

One Royal offers joint accounts and allows multiple traders on the same account to trade in their individual capacity within the same trading environment. The joint account also allows each trader to have their trading history and profit/loss statements to track their performance against other traders on the same account. All trades are executed at the market price with no special pricing.

Individual Accounts

These are trading accounts under one name and do not require additional documents. In other words, you can open an account with just a name and a phone number. You’ll need to provide your full name, date of birth, and phone number. You can also add details such as your address and email address. You can choose to give them a scan of your government-issued ID (such as a driver’s licence) or passport instead, if you prefer.

One Royal Registration – How To Open A Trading Account

As part of our One Royal broker review, we looked at their online registration process.. If you live in Nigeria, then you can open a trading account under the VFSC business entity. The registration process is very straightforward. To get started, go to their website, complete the form, and provide a few personal details. At this stage of the process, you will also be asked to provide your preferred login details.

Next, they might ask you to take a quick test. This is so that they can see how much you know about online trading, and decide if their services are suitable for you. At this stage of the process, you will just be asked a few short questions. Lastly, they might ask you to complete the KYC process, submit your documents, and choose your preferred account type. This is so that they can confirm your identity and verify your account.

One Royal Registration – How To Verify A Trading Account

As part of our One Royal broker review, we looked at their account verification process. To open a live trading account you’ll need to show One Royal a proof of ID and a proof of address. This is so that they can check your identity and verify your account. The account verification process is simple. You can provide copies of your National ID card, Passport or Driving License . You can also provide copies of a utility bill or a bank statement registered in your name. After you have verified your account, you can add funds and start trading.

One Royal Bonuses

They offer a welcome Bonus to all new Nigerian traders. You get a 100% bonus on your first deposit, which you can use for trading or withdrawal. To receive the One Royal welcome bonus, you need to open an account and deposit at least $50. After making your first deposit, go to the “My Accounts” section and click on the “My Bonuses” tab to find details about your bonus. The bonus will be credited within 24 hours after making your initial deposit.

One Royal Payment Methods

One Royal is a forex broker that provides its clients with various deposit and withdrawal options. The broker offers multiple payment methods, including credit cards, debit cards, e-wallets, and bank transfers. It also provides its Nigerian traders with an online account manager where they can track their withdrawals and deposit history.

You can make deposits using bank wire (bank transfer), VISA, MasterCard, Bitcoin, Check, Ether/Ethereum, FasaPay, Globe Pay, Interac, Neteller, Ngan Luong, PayTrust88, PerfectMoney, Poli, Ripple, Skrill, and Tether. The company also allows you to withdraw funds via Bank Wire (Bank Transfer), VISA/MasterCard credit card or debit card, and check in 16 currencies.

One Royal Deposits and Withdrawals

You will be able to make deposits free of charge, except for cryptocurrency. Most One Royal deposits are processed instantly or within one business day. There is a small charge for withdrawals via credit card, digital wallet, and cryptocurrency. Most One Royal withdrawals are processed within a few hours and up to one business day. The minimum amount for deposits is $50, while the maximum amount is $1 million.

One Royal Trading Platforms

As part of our One Royal broker review, we looked at their trading platforms. Their main trading platform is MetaTrader 4 (MT4). The MT4 platform is one of the most popular forex trading platforms globally. It was developed by MetaQuotes Software Corporation and is currently being used by hundreds of thousands of traders around the globe.

MetaTrader 4 (MT4) is an advanced trading platform that offers traders a wide range of analytical tools, including technical indicators and charting tools. The One Royal MT4 platform also has a built-in auto-trading system, allowing you to set up automated trading strategies that are automatically executed when certain conditions are met. One Royal also will enable you to trade on other platforms, including mobile devices such as smartphones and tablets.

One Royal Trading Tools

One Royal offers its traders a wide range of trading tools, including the MT4 Accelerator, Trading Central, and Copy trading.

MT4 Accelerator Tools

An MT4 Accelerator is an add-on software that increases the speed at which the platform reacts to your actions. It works by reducing the latency of the data feed, which results in faster order execution and better price discovery. The MT4 Accelerator can also monitor more than one trading platform at once without having to switch between them. MetaTrader 4 (MT4) is a professional-grade online trading platform that allows traders to access all of their accounts, allowing them to trade stocks, futures, forex, and other assets from one account.

Trading Central Services

One Royal allows traders to use various trading tools, including Trading Central, which provides traders with access to real-time charts and analysis tools. The charts are customizable and allow users to add indicators and other features to improve their market understanding. Traders who want more than just standard charts can choose from several charts, including candlesticks, bar charts, and line charts.

In addition to these features, traders can also use Trading Central as an alert system for monitoring market conditions and managing trades. If you need help choosing the right alerts for your trading style, One Royal offers tutorials within the platform that will guide you through the process. One Royal also allows traders to use the Market Watch feature to monitor live price activity for multiple markets. This tool will enable traders to quickly identify trends within a specific market or compare prices across various markets to make informed trading decisions.

VPS Hosting Services

One Royal is one of the few brokers who offer Virtual Private Server hosting with their accounts. This means that your trading account will be on a dedicated server, set up specifically for you and for your account only. This means that no other traders are using the same server as you are, so you won’t have any issues with latency or slow response times when you’re placing trades.

The VPS hosting package offered by One Royal is also extremely affordable and very easy to use. All you have to do is open an account with the broker, deposit funds into your account (minimum deposit required), and then contact customer support so they can enable your VPS hosting package. After that, you’ll receive an email telling you how to access your VPS server, which will allow you to start trading right away!

Copy Trading Services

One Royal has a copy trading feature on its website. Social trading platforms like Zulu Trade and MyFxBook are available on One Royal’s platform. Traders can copy the trades of successful traders and benefit from their experience and expertise. You can see how much money they are making and what trades they are taking. One Royal verifies the traders, and they have to pass certain criteria before becoming part of the program.

The Copy Trading feature is very popular with the clients of One Royal because it allows them to trade like professionals without learning all the complexities of forex trading. They will also be able to benefit from their knowledge and experience in this area. There is no doubt that this will help you make profits as well!

Education and Research

One Royal is one of the few forex brokers that offers free trading education. They have a dedicated Education section on their website where you can find all the information you need to start trading, whether you are a beginner or an experienced trader. One Royal offers a wide range of educational materials for both the retail trader and professional traders. They have courses for beginners, intermediate, and advanced traders. The courses cover topics such as technical analysis, fundamental analysis, trading psychology, risk management and more. The courses are available in video format. You can also get further insight into topics by asking questions after each lesson.

Trading Hours

One Royal trading hours are in line with the standard international trading hours. You can open trades whenever the financial markets are open. Trading hours may vary on public holidays.

One Royal Customer Support

One Royal offers 24/5 customer support by phone, email, or live chat. You will also receive an email response within 24 hours during weekends and holidays. If you have any questions regarding your account or trading activities, you can contact their friendly agents. The latter will assist you with any issue related to your trading account or technical problems with their website.

Our Verdict

One Royal is one of the most reputable forex brokers in the industry. The company was founded in 2006 and is now a leading name in the online trading industry. They provide a rich assortment of educational materials, but they also offer a variety of trading instruments and fantastic customer support. And that’s not all! If you’re looking for the best trading environments and platforms, look no further than One Royal. This broker leads the competition by offering users MetaTrader 4, a highly-regarded trading platform among modern traders.

The One Royal forex broker aims to make trading easier than ever by offering a friendly and accessible service. The broker provides access to major currency pairs and commodities, indices, and fixed income trading. They provide customers with real-time quotes and charts and hundreds of technical indicators, enabling traders to navigate the markets successfully. One Royal values transparent trading, and they have put measures in place to ensure that this happens.

If you’re new to online forex trading and want to know where to start, or if you’re a seasoned trader looking for a better platform to work with, check out One Royal today. Either way, you won’t be disappointed with their vast range of options.

One Royal Forex Broker Review – FAQ

Ready to start trading? Get a One Royal trading account.

Ready to start trading? Get a One Royal trading account.

One Royal Forex Broker Review – Similar Brokers

One Royal is a great choice for forex traders. However, if you want to see some alternatives, there are also many other great forex companies in Nigeria. Here are some brokers like One Royal.

Still deciding? Take a look at some of our other forex broker reviews.