Forex ROYALFX Trading Broker Review

Performance Matrix

Main Score & Risk Matrix

#764

Score

6.4

Average

ROYALFX is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

License 6.6

Business 5.9

Risk Control 6.2

Software 6.9

Regulatory 6.4

Terminal Snapshot

ROYALFX Trading Conditions

Registered Region Indonesia

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@royalfx.co.id

Contact Number +6202130304129

Website www.royalfx.co.id

Balanced Review

Pros & Cons

Pros

Regulated by Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI)
Diverse range of trading instruments including Forex, commodities, indices, stocks, and cryptocurrencies
User-friendly trading platform: MetaTrader 4 available on multiple devices
Segregated accounts ensuring client fund protection
24/5 multilingual customer support for traders

Cons

Unregulated status with no valid forex license
Lack of transparency regarding trading costs
Basic trading platform with limited features
Negative user feedback on fund withdrawal processes
Inadequate customer support responsiveness

Compliance Desk

Regulatory Licenses

9.2/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	ROYALFX	CFForex	Mahadana	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	Indonesia	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	6.4/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does ROYALFX Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Retail Account	Beginners to Intermediate Traders	Low minimum deposit, access to various trading instruments	Suitable for small-capital practice
Professional Account	Experienced Traders	Higher leverage options, customizable trading features	Requires trading volume qualifications
Corporate Account	Corporate Clients	Dedicated services, tailored trading solutions	Requires corporate documentation
Demo Account	All Trader Levels	Practice trading without risk, real market conditions	Ideal for testing strategies

Account Opening Process

To open an account with ROYALFX, prospective clients must follow these steps: they will need to submit personal information, employment details, and financial information. Identity verification is required, which includes providing a valid ID and proof of address. The account structure allows for flexibility, enabling clients to upgrade to a professional account later if their trading needs evolve.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	0.8	$0	Tight spreads for major currency pairs
Forex (Minor Pairs)	1.0	$0	Competitive options available
CFDs (Stocks, Indices, Commodities)	Varies	$0	Varied spreads depending on the asset
Cryptocurrencies	1.0%	$0.1	Variable depending on market volatility

Other Fees

Additional costs may include: deposit/withdrawal fees, inactivity fees, platform usage fees, overnight interest (swap rates), and currency conversion fees. It is important for traders to review these fees to fully understand the cost structure associated with their trading activities.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

ROYALFX is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

ROYALFX User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

20%

3 star

60%

2 star

12%

1 star

4%

Aulia Rahman

Jakarta

★ ★ ★ ★ ★

I have had a terrible experience with ROYALFX. The withdrawal process is extremely slow and they kept asking for additional documents after I had already submitted everything. It feels like they are just trying to stall to keep my money longer. I’m really frustrated with their customer support as they are unresponsive and not helpful at all.

Budi Santoso

Surabaya

★ ★ ★ ★ ★

I’ve been trading with ROYALFX for over a year now, and I am quite satisfied with their services. The MetaTrader 4 platform is user-friendly, and I’ve found the spreads to be competitive. Their customer service has been responsive whenever I needed assistance. Overall, a good experience for both beginners and experienced traders.

Dewi Putri

Bandung

★ ★ ★ ★ ★

I had high hopes when I started trading with ROYALFX, but there have been several issues. The trading platform occasionally lags, especially during volatile market conditions, which has cost me some trading opportunities. Additionally, the lack of transparency regarding trading fees is concerning. I expected better from a regulated broker.

Fajar Nugroho

Medan

★ ★ ★ ★ ★

Overall, my experience with ROYALFX has been positive. The variety of trading instruments available is impressive, and I appreciate the educational resources they provide. I did face some issues during withdrawals, but they were resolved after a few days. I would recommend this broker for traders looking for diverse options.

Indonesia Market