Royce Capitals
Pros and Cons
Pros
- Regulated by Labuan FSA, Malaysia
- Trading platform: MT5 and proprietary Web Trader
- Wide range of instruments: Forex, Stocks, Indices, Energies, Precious Metals
- Leverage up to 1:400
- Demo account available for practice trading
Cons
- Not regulated by major authorities like FCA or ASIC
- High minimum deposit requirement of $5,000
- Limited trading instruments (no cryptocurrencies, bonds, or ETFs)
- Withdrawal fees may apply
- No comprehensive educational resources or market analysis
Basic Information
User Reviews
Royce Capitals Overview
Royce Capitals is a forex broker founded in 2019 and headquartered in Labuan, Malaysia. The broker operates under the regulatory oversight of the Labuan Financial Services Authority (Labuan FSA), holding a Straight Through Processing (STP) license with the license number MB/23/0113. This regulatory status enhances the broker’s credibility and assures clients of its commitment to maintaining compliance with industry standards and practices.
Is Royce Capitals Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Labuan Financial Services Authority (Labuan FSA) | Malaysia | Segregated Funds, STP License |
Is Royce Capitals Regulated and How Are Client Funds Protected?
Royce Capitals is regulated by the Labuan Financial Services Authority (Labuan FSA) in Malaysia, holding a Straight Through Processing (STP) license with the number MB/23/0113. As a regulated broker, it ensures client fund safety through measures such as segregated accounts, which separate clients’ funds from the broker’s operational funds. This regulatory oversight provides a layer of security for investors, as it mandates compliance with strict financial standards. Additionally, the broker offers a demo account for practice purposes, and supports various trading instruments, enhancing its credibility as a legitimate trading platform. Overall, clients can be assured of a regulated environment when trading with Royce Capitals.
Trading Products and Services
What trading instruments does Royce Capitals offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, AUD/NZD | Many |
| Commodities | Gold, Silver, Crude Oil | Varies |
| Indices | S&P 500, NASDAQ, FTSE 100 | Many |
| Stocks | Apple, Tesla, BP | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
Royce Capitals provides a diverse range of trading instruments, catering to various trader profiles, from beginners to seasoned professionals. With offerings in Forex, commodities, indices, stocks, and cryptocurrencies, traders can implement a wide array of strategies. This variety supports portfolio diversification, allowing users to balance risk and seize opportunities across different markets. Whether you’re a technical trader seeking quick gains or a long-term investor aiming for steady growth, Royce Capitals’ extensive product lineup meets diverse trading needs.
Account Types and Trading Conditions
What Account Types and Fees Does Royce Capitals Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and casual traders | Low minimum deposit, user-friendly platform | Ideal for small-capital trading |
| Professional Account | Experienced traders | Tighter spreads, higher leverage options | Requires trading volume qualifications |
| Corporate Account | Corporate clients | Customizable services, dedicated support | Requires corporate documentation |
| Islamic Account | Traders seeking swap-free options | No swaps, compliant with Sharia law | Available upon request, subject to verification |
| Demo Account | All levels of traders | Risk-free environment to practice trading | Available for all users to familiarize with the platform |
Account Opening Process
To open an account with Royce Capitals, prospective traders must follow a straightforward process, which includes the submission of personal, employment, and financial information. During this process, identity verification is required, including providing a valid ID and proof of address. Once the initial account is set up, there is flexibility for users to upgrade to a Professional Account later, depending on their trading activity and eligibility.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for majors |
| Forex (GBP/USD) | 1.0 | $0 (ECN: $3.5/lot) | Competitive spreads for minors |
| CFDs (Stocks) | 1.5 | $5 per lot | Fees vary by stock |
| CFDs (Indices) | 1.0 | $2 per lot | Spreads based on index type |
| CFDs (Commodities) | 2.0 | $4 per lot | Includes energy products |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on volatility |
Other Fees
Royce Capitals has several other fees that traders should be aware of. There are no deposit fees, and withdrawal fees may apply based on the method used. Inactivity fees may be charged on accounts that remain dormant for an extended period. Additionally, platform usage fees are not applicable, but overnight interest (swap rates) may be incurred on positions held overnight. Currency conversion fees may apply when trading in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does Royce Capitals Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT5 | Windows, macOS, iOS, Android | 2FA, symbol lookup, multiple order types, price alerts, technical indicators | Demo account, VPS |
| Web Version | Any device with internet access | Encryption, market search, one-click trading, push notifications | API interface |
| Mobile App | iOS, Android | Biometrics, symbol lookup, multiple order types, real-time alerts | Demo account |
Royce Capitals offers traders access to multiple platforms, including MT5, which is ideal for advanced traders seeking robust tools and features. The web version supports trading on any device with an internet connection, while the mobile app allows for easy trading and real-time alerts on the go. All platforms emphasize secure logins, quick order execution, and efficient market search tools, enhancing the overall trading experience.
Each platform caters to various trading needs, ensuring that users can select the most suitable option based on their preferences and trading styles.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| SEPA | 1-2 business days | No platform fee | Min 100, Max 10k/day | EUR |
| GrabPay | Instant | 1.5% charge | Min 50, Max 5k/day | SGD, MYR |
| SPEI | Same day | No platform fee | Min 200, Max 15k/day | MXN |
| Wire Transfer | 3-5 business days | $30 for international transfers | Min 500, Max 25k/day | USD, EUR |
| Cryptocurrency | Instant | No platform fee, network fees apply | Min 0.01 BTC, Max 50k/day | BTC, ETH |
Minimum Deposit
Royce Capitals requires a minimum deposit of $100 for standard accounts. This amount may vary based on the payment method selected, with some methods like GrabPay allowing deposits as low as $50. Additionally, different account types may have higher minimums, particularly for premium accounts.
How to Withdraw
- Log in to your Royce Capitals account.
- Navigate to the ‘Withdrawal’ section in the account dashboard.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw, ensuring it adheres to the limits.
- Confirm your withdrawal request and review any applicable fees.
- Submit your request and wait for the processing time as specified for your chosen method.
Customer Support
Royce Capitals Customer Support Overview
Support Channels
Royce Capitals offers a variety of support channels to assist customers with their inquiries and issues:
- Email: Customers can reach out via email at info@roycecapitals.com for assistance.
- Live Chat: The platform provides a live chat feature for real-time support, allowing customers to get immediate help.
- Telephone: Customers can contact support directly by calling +60 87 584859.
- Social Media: Royce Capitals is active on various social media platforms, providing additional avenues for customer interaction and support.
Service Availability
Royce Capitals offers customer support services Monday to Friday, 24 hours a day, ensuring that help is available whenever it is needed. Additionally, the support team is multilingual, providing assistance in English and Malay to cater to a diverse clientele.
Additional Resources
To enhance the trading experience, Royce Capitals provides several educational resources, including:
- Video tutorials on using the trading platform and market strategies.
- Webinars hosted by experienced traders, focusing on market trends and trading tips.
- Regular market analysis reports to keep customers informed about market movements.
- Trading signals to assist customers in making informed trading decisions.
With efficient support services and valuable educational resources, Royce Capitals is committed to assisting customers in their trading journey.
Frequently Asked Questions
Yes, Royce Capitals is regulated by the Labuan Financial Services Authority (Labuan FSA) in Malaysia, with a license number of MB/23/0113. This regulation ensures that the company adheres to strict compliance standards, providing a level of security and oversight for clients’ funds and trading practices.
Royce Capitals offers a maximum leverage of up to 1:400, varying spreads depending on the account type, and a minimum deposit requirement of $5,000 for professional accounts. Clients can trade a wide range of financial instruments including Forex, Stocks, Indices, Energies, and Precious Metals on platforms like MT5.
Royce Capitals employs strict fund segregation policies, meaning that client funds are held separately from the company’s operational funds. This practice, coupled with regulation by Labuan FSA, helps protect client assets and ensures their availability for withdrawal at all times.
Royce Capitals offers customer support via live chat and email at info@roycecapitals.com. Clients can also reach support through their phone line at +60 87 584859. The support team is available to assist with inquiries related to trading, account management, and technical issues.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.