ROYAL BANK

WikiFX assessment indicates that ROYAL BANK presents a significant risk to traders. The firm has an exceptionally low overall WikiFX score of 1.53, which reflects severe deficiencies across key operational areas. Crucially, the broker lacks any valid regulatory oversight. The absence of a reputable license means client funds are not protected by standard segregation rules and there is no formal dispute resolution mechanism. This creates a clear and considerable challenge for safety and reliability.

No. ROYAL BANK is not regulated by any recognized financial authority. According to its regulatory status, it holds no forex trading licenses. The entity operates without oversight from major regulators such as the UK's Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), or the Australian Securities and Investments Commission (ASIC).

ROYAL BANK offers multiple account tiers with varying minimum deposit requirements. The BASIC account tier starts at $250, while the BEGINNER, MEDIUM, ADVANCED, and PRO accounts have significantly higher entry points of $10,000, $25,000, $50,000, and $100,000 respectively. This wide range caters to different capital levels but lacks clear justification or corresponding service differentiation in the available data.

The specific trading software offered by ROYAL BANK is not explicitly confirmed in WikiFX assessments. While the firm's account types support functionalities common to platforms like MetaTrader, such as scalping and Expert Advisors, traders should verify the exact platform directly with the broker or await further updates.