One Royal review and ratings

Established 2006
Location Australia Cyprus Lebanon Saint Vincent and the Grenadines Vanuatu
Regulation ASIC, CySEC, CMA, VFSC
Offices Sydney, Limassol, Beirut, Kingstown, Port Vila
Broker type STP | ECN
Leverage up to 1:500
Deposit from 50 USD
Spreads mid  mid
Platforms Web MetaTrader 4
Instruments Currencies Crypto Indices Metals Energies Stocks
Funding methods Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay Perfect Money Trustly Bitcoin Ethereum Ripple POLi PayTrust88

Company information

One Royal group includes several related companies.

One Royal AU - located in Australia, regulated by the Australian Securities and Investments Commission (ASIC).
One Royal CY - located in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC).
One Royal LB - located in Lebanon, regulated by the Lebanese Capital Markets Authority (CMA).
One Royal SVG - legally registered entity located in Saint Vincent and the Grenadines, but not regulated by any government agency.
One Royal VU - located in the Republic of Vanuatu, regulated by the Vanuatu Financial Services Commission (VFSC).

One Royal is also licensed and regulated by the Lebanese Capital Markets Authority (CMA) in Lebanon.

Be aware, CY company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.
Unfortunately, AU company also has been imposed with trading leverage limitations by ASIC since the end of March 2021.
At the same time, SVG and VU companies accept European and Australian traders, so one can open a trading account there.

Availability

One Royal group accepts clients from all over the world, excluding USA, Japan, Iran, North Korea and any country where the offer of FX related products is prohibited or restricted by laws.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

60+ Currency Pairs Based on major and minor world currencies.
4 Crypto Pairs Based on Bitcoin, Ethereum, Litecoin, Ripple.
18 Indice CFDs Based on baskets of different blue-chip stocks.
2 Metal Spot CFDs Based on Gold and Silver.
2 Energy Spot CFDs Based on Crude Oil (WTI, Brent).
3 Energy Futures Based on Crude Oil (WTI, Brent) and Natural Gas.
60+ Stock CFDs Based on shares of US, UK and EU companies.

Comprehensive review

Regulated by CySEC in the EU, ASIC in Australia, as well as by a number of regulators in other parts of the world, One Royal is a global forex & CFD broker that offers trading in many asset classes with leverage going as high as 1:500.

As always in the EU and Australia, however, locally registered forex brokers are not allowed to offer leverage higher than 1:30 to local clients. Fortunately, this is easy enough to get around with One Royal by instead signing up with the branch of the broker registered in either Saint Vincent and the Grenadines or Vanuatu, even for EU and Australian residents.

When it comes to Australia specifically, One Royal has announced that from 1st January 2021, new retail clients will no longer be accepted under the ASIC-regulated branch. This means that these traders will have no choice but to sign up with one of the offshore branches of One Royal, as described above. Wholesale and institutional clients, meanwhile, can continue to trade with the Australian branch, the broker has said.

Looking at the trading instruments that are available from One Royal, we can see that the broker has covered pretty much everything that is in demand among retail traders. The only major asset classes missing are bonds and interest rates, although ETFs and a wider selection of stocks and cryptocurrencies would make this broker’s offering even better.

All of the assets that are available from One Royal can be traded on the MetaTrader 4 (MT4), which is the only trading platform offered by this forex broker. For traders who manage more than one account, the platform can also be extended with the MetaFX MAM (multi-account manager) add-on, allowing easy management of client accounts for professional money managers.

Before signing up, new clients with One Royal will need to choose between one out of two main types of trading accounts:
– ZERO Account, which is a traditional STP-type of account with no commissions; or
– CORE Account, which is an ECN account with low raw spreads and commissions on trades

Once one of these main types have been chosen, all new clients will be assigned to an account tier depending on the size of their initial deposit. The first of these tiers is the Classic tier, which requires a deposit of between USD 50 and 9,999. Next is the Premium tier, which is available for a deposit of more than USD 10,000, and lastly is the VIP tier which can be achieved for a deposit of at least USD 50,000. Not surprisingly, the best trading conditions are available for VIP and Premium account holders, although Classic account users will also get access to decent terms from the broker.

All accounts with One Royal can be funded via payment options such as bank transfer, Skrill, Neteller, Visa, UnionPay, POLi, and others. Besides these traditional methods, One Royal also accepts deposits in the cryptocurrencies Bitcoin, Ethereum, XRP and USD Tether for customers of its offshore branches only. One drawback with making crypto deposits, however, is that the broker charges a fee of 1.8% for accepting the deposit, while deposits made with other payment methods are accepted free of charge.

For customer service enquiries, One Royal can be contacted via live chat on its website, WhatsApp or Facebook Messenger, as well as phone and email. Clients of the EU-based branch can also contact the broker via a Cyprus phone number, while Australian clients can use a local support number there.

Finally, we would like to reiterate that although One Royal says it no longer accepts clients in Australia, traders there are still welcome to sign up as international clients under the offshore-registered branches of the broker. The same also goes for European clients, which we believe provides an interesting alternative for traders looking for higher leverage than what is available in Europe and Australia. With MT4 as its platform, One Royal has also chosen an interface that should be familiar to most traders, making the transition from other brokers relatively smooth and easy.

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