OneRoyal Broker

A Critical Look at One Royal Review Genuine or Deceptive

When inquiring about the primary objective of a Forex trader when engaging in buying and selling securities, the response is typically to generate a profit. In order to achieve this, traders put in considerable effort in terms of mental and intellectual preparation. However, merely preparing oneself is not sufficient to safeguard against the challenges present in the Forex market.

When we say beasts, we are referring to deceitful brokers whose main goal is to steal your money. It is crucial to differentiate between dishonest companies and trustworthy ones. To achieve this, you can thoroughly explore the broker's platform and assess all its features, or you can rely on online reviews that provide the same level of scrutiny for you.

This review of One Royal is precisely that. fxdailyupdate team of evaluators will guide you through all the crucial information regarding One Royal and what it offers. Ultimately, you will be able to make your own judgement. So, let's begin.

First Impressions

Prior to exploring the broker's services in depth, let us briefly preview what we will uncover in our evaluation.

One Royal is a Forex broker that was founded in 2006. Despite being in business for over 14 years, it may be expected that One Royal has gained knowledge and become more conservative, and therefore not offer overly ambitious terms. However, the broker's website showcases the complete opposite.

Is the legitimacy of One Royal to be trusted?

When it comes to the website, its layout can be described as unusual. The combination of yellow and black colors and elaborate language takes away from the user experience. The primary purpose of this website should be to effortlessly convey information. However, it intentionally creates complexity.

One Royal provides six account options which are categorized into Zero Commission and Raw Spread. Though these packages have their own unique features, it is not entirely clear why there is a significant increase in minimum deposit requirement from one account to another.

In the final section of our website/software analysis, we will focus on the One Royal trading platform for MT4. While there are no negative remarks to be made about MetaTrader 4, as it is a user-friendly and uncomplicated software, it may not be as straightforward for trading other instruments besides Forex.

Once we have finished examining the website, our next step will be to look into the regulations of One Royal. While assessing the website, we noticed that One Royal takes pride in mentioning that it holds licenses from Cyprus, Australia, and Lebanon. If this claim were authentic and the broker did possess these three licenses, we would have no objections. In fact, we would conclude our review by recommending One Royal as a trustworthy broker. However, as we will see in the following sections, this may not be entirely accurate.

In our concluding discussion, we will examine the trading conditions offered by One Royal. This will include an analysis of the maximum leverage, spreads, and minimum deposit requirements to determine if they align with the regulatory guidelines of the licenses mentioned above.

In conclusion, our examination will conclude with a brief examination of deposit and withdrawal options. It has been determined that the available methods are restricted to credit cards, bank transfers, and a small selection of e-wallets. This is a considerably limited range of financial services, and we would be more satisfied if Bitcoin or PayPal were also included.

An in-depth review of Oneroyal.com

Let us now examine the website and software support provided by One Royal. As mentioned earlier, the interface lacks an attractive design. Although it may appear sophisticated, it is not ideal for a Forex broker. A satisfactory broker website should have a simple design that effectively conveys information.

When it comes to information, it must be acknowledged that the One Royal Forex broker provides comprehensive information on the trading process on its platform. However, the design decision creates unnecessary complexity.

A review of Oneroyal.com was conducted and can be seen in the screenshot below:

Moving on, we will now discuss the available account options at One Royal. Presently, the website offers two primary categories: Raw Spread and Zero Commission. Under each category, there are three distinct account types:

• Minimum deposit of 50 USD for the Classic account

• Premium account requires a minimum deposit of 20,000 USD

• VIP account has a minimum deposit requirement of 100,000 USD

Opting for the Raw Spread account will provide you with 0 spreads on your trades, while the Zero Commission account removes trading fees. Although these accounts have several distinctions, we do not believe that these variations justify the increase in minimum deposit requirements from 50 USD to 20,000 USD.

Now, let us examine the performance of One Royal's trading platform. As previously mentioned, One Royal utilizes only one software, MetaTrader 4, for all types of trades including Forex, stocks, and others. While MT4 is a commendable trading platform with efficient features and a user-friendly interface, it may not be as sophisticated when it comes to non-Forex markets. Our perspective on One Royal would have been more positive if it offered MT5 or cTrader for cryptocurrencies and other instruments.

Is it wise to trust the licensing statements made by One Royal?

Next, we will examine the regulatory documents available at One Royal. As previously mentioned, the brokerage asserts that it holds three licenses from three different jurisdictions.

• The regulatory bodies for financial markets in Cyprus, Australia, and Lebanon are the Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), and Capital Markets Authority (CMA) of Lebanon, respectively.

Upon closer inspection of the platform, it was discovered that One Royal is under the regulation of Lebanon's Capital Markets Authority. However, this Middle-Eastern nation is not considered a financial leader in its region, or beyond. Therefore, we do not believe that the CMA license effectively prevents fraudulent activities by One Royal.

In reality, it also aids the broker in concealing unauthorized activities. The CMA regulation acts as a shield for its deceptions: individuals will assume that since One Royal is licensed, it cannot be fraudulent and will blindly rely on its proposals. And this is where all the complications arise.

How about the promotions for One Royal?

Finally, we will now examine the trading terms and conditions offered at One Royal. To begin, it is worth noting that the broker permits its customers to engage in trading across various asset categories, such as:

• Currency pairs

• Precious metals

• Crude oil

• Stock indices

• Digital currencies

• Stocks

To ensure the success of a project, it is important to first define the scope and objectives clearly. Then, a detailed project plan should be created with specific tasks and deadlines. Communication is key, so a plan should be established to keep all team members informed. Each team member should be assigned a role and responsibility. Progress should be monitored regularly and adjustments should be made to the plan as needed. Meetings should be conducted regularly to discuss progress and address any issues that may arise. To complete tasks efficiently, available resources should be utilized effectively. Finally, after the project is completed, it is important to review and evaluate it to identify areas for improvement.

While One Royal offers a wide range of tradable assets, our opinions on the platform are not fully supported due to certain factors such as leverage and spread conditions. Despite claiming to be licensed by CySEC, One Royal's leverage offerings do not comply with regulatory requirements. In the EU, brokers are allowed to offer a maximum leverage of 1:30, but One Royal offers a significantly higher leverage of 1:400, which exceeds the regulatory limit and increases the risk involved in trading.

Our impression of the spreads remains unchanged. The charges for spreads vary depending on the chosen account type - either 0 pip or 0.7 pip. One Royal also emphasizes their extremely low or non-existent commissions. Considering this, we expected the broker to offset these costs by increasing the spreads for their platform and services. However, this does not appear to be the case, which only strengthens our doubts of potential fraud.

The minimum deposit requirement of 50 USD is considered to be quite standard. However, it should be noted that this applies to the Standard account only. If one chooses to open a Premium or VIP account, the cost will increase significantly, by at least two thousand dollars. This aspect is somewhat perplexing as the variations between the account options do not justify such a significant difference in prices.

One Royal offers a limited selection of withdrawal and deposit options, including credit cards, bank wire, and a few e-wallets (Neteller, Skrill, and OMT). This may not be satisfactory for many traders, and it would've been beneficial to have additional options such as PayPal and cryptocurrency payments.

What is the ultimate One Royal rating?

This is the moment where both you and us must reach a final verdict: Is One Royal a reliable brokerage?

The broker's website does not appear to prioritize professionalism and customer service. It seems that One Royal prioritizes aesthetics over the functionality of its platform.

In terms of licensing, One Royal does not give us the impression of being a highly reputable broker, as we have discovered that it is only licensed by CMA.

In terms of the trading terms and conditions, it is evident that the spreads and leverage ratios are inflated and do not adhere to the stated guidelines set by CySEC.

Despite this, we believe that One Royal is not a reliable option and it would be wise to seek another trading partner.

OneRoyal offers services to clients in 163 countries, supporting 10 languages. With its wide range of account types including Islamic and Cent Accounts, the broker makes the markets accessible to traders from all backgrounds. Beginners can start with a free Demo Account to test trading strategies in real market conditions, without risking their capital. With Percentage Allocation Money Management (PAMM) and Social & Copy Trading, traders can passively engage in the markets by letting experts manage their trades or by copying successful strategies. New clients can also claim the broker’s 100% Deposit Bonus, getting up to $5,000 in extra capital to power their trading ((T&Cs apply)).