If you’re new to trading or looking for an updated review of OneRoyal Broker, you’ve come to the right place.
In this OneRoyal Broker review, we will look into its history, features, pros, and cons, alongside customer feedback.
We’ll also guide you on how to get started with OneRoyal Broker.
By the end of this review, you’ll have a clear understanding of whether OneRoyal Broker is the right choice for your trading needs.
History of OneRoyal Broker
OneRoyal Broker is a relatively new trading platform that offers a variety of trading services, especially focused on CFDs (Contract for Difference).
OneRoyal Broker was established to provide traders with a diverse range of trading instruments and services.
Although not much is publicly available about its founding, the broker operates internationally and caters to traders in various regions.
It aims to offer a comprehensive trading environment with competitive spreads and high-leverage options, along with a selection of accounts suitable for both beginners and experienced traders.
Features of OneRoyal Broker
OneRoyal Broker is known for offering a wide range of features that attract traders from different backgrounds.
Some features include:
1. Account Types
OneRoyal offers several types of accounts, including Demo, Classic, ECN, VIP, and ECN Elite accounts.
These account types provide traders with various levels of access and features.
For example, you can start with a Classic account with just a $50 minimum deposit.
2. Trading Instruments
The broker supports a wide range of instruments for trading, including CFDs on currency pairs, stocks, indices, cryptocurrencies, precious metals, energies, and ETFs.
This broad selection allows traders to diversify their portfolios.
3. Leverage
One of the most notable features of OneRoyal Broker is its high leverage, which goes up to 1:1000.
While leverage can amplify gains, it also increases the risk of losses, so it’s important to use it cautiously.
4. Platform
OneRoyal uses the MetaTrader 4 platform, a popular choice among traders due to its reliability and robust features for analysis and trading execution.
5. Deposit and Withdrawal Options
Traders can deposit funds via various methods, including bank transfers, credit cards, crypto wallets, and several electronic payment systems like Neteller, Skrill, and PayPal.
6. Mobile Trading
OneRoyal Broker offers mobile trading, allowing you to trade on the go, which is essential for active traders.
Pros of OneRoyal Broker
1. It has a Low Minimum Deposit, the minimum deposit for opening an account is just $50 for a Classic or ECN account.
This makes it an accessible option for beginners who want to start trading without committing large amounts of capital.
2. With high leverage up to 1:1000, traders have the ability to magnify their potential returns. However, this also means higher risk, so caution is necessary.
3. OneRoyal provides various account types to suit different trading styles and levels of experience. Whether you’re a beginner or an experienced trader, there’s an account for you.
4. Wide range of trading instruments, currency pairs, commodities, cryptocurrencies, and indices, OneRoyal offers a vast selection of trading instruments, making it easier for traders to diversify their portfolios.
5. OneRoyal’s mobile trading option makes it convenient for traders who need to keep an eye on the market while on the move.
Cons of OneRoyal Broker
1. Several users have reported poor customer support. Some complain that responses are slow or that the support team is unresponsive.
This could be frustrating, especially when dealing with urgent issues like withdrawals or account problems.
2. While leverage offers the opportunity for greater profits, it also exposes traders to significant losses, especially for those who may not be familiar with how to manage risks.
3. Some customers have expressed concerns about difficulties withdrawing funds. Reports suggest that OneRoyal might not process withdrawal requests promptly, causing delays for traders trying to access their profits.
4. For beginners, OneRoyal Broker lacks educational content that could help them understand the market and trading strategies more clearly. This might make it harder for new traders to navigate.
Customer Review for OneRoyal Broker
Below are some customer reviews from various traders who have used OneRoyal Broker:
Positive Reviews
“I started with a $50 deposit and was able to test the platform with the demo account. The range of instruments available to trade is impressive, and the spreads are decent.” Anonymous User
“The mobile app is great for trading while traveling. I’ve had no issues executing trades or analyzing the market.” Anonymous User
Negative Reviews
“The support is terrible. I’ve been trying to withdraw my funds for weeks now, but no one has answered my messages. It’s very frustrating.” Anonymous User
“I tried to withdraw some funds, but they never processed my request. It seems like this platform is just a scam to take your money.”, Anonymous User
OneRoyal Broker’s Statement
OneRoyal Broker has stated that they are committed to offering traders a safe and accessible environment for trading, with the goal of providing a high-quality platform.
They emphasize that they work with various payment systems to ensure that deposits and withdrawals are as seamless as possible.
However, they also caution traders about the risks involved in leveraged trading and the potential for rapid losses.
How to Get Started with OneRoyal Broker
Getting started with OneRoyal Broker is straightforward. These are step-by-step guides to help you begin:
1. Sign Up
Visit the official OneRoyal website and create an account. You’ll be asked to provide some personal details and verify your identity.
2. Choose Your Account Type
Once you’ve registered, choose the account type that suits your trading style. Beginners may start with the Classic or ECN account, while more experienced traders might opt for the VIP or ECN Elite account.
3. Deposit Funds
Fund your account using one of the available payment methods. The minimum deposit for most accounts is $50, but you can choose to deposit more if you’re comfortable.
4. Download the Trading Platform
OneRoyal uses MetaTrader 4, so download the platform to your computer or mobile device to start trading.
5. Start Trading
Once your account is funded and the platform is set up, you can start trading CFDs on the various instruments available.
6. Withdraw Funds
If you make profits and wish to withdraw them, simply go to the withdrawal section of your account and follow the instructions.
Frequently Asked Questions
1. What is OneRoyal Broker?
OneRoyal is an online trading platform that offers a variety of CFDs on currencies, stocks, cryptocurrencies, and more. It’s suitable for both beginners and experienced traders.
2. How do I withdraw money from OneRoyal Broker?
You can withdraw funds through various payment methods, including bank transfers and e-wallets. There have been reports of delays in processing withdrawal requests, so make sure to check with customer support if you face any issues.
3. Is OneRoyal Broker safe to use?
OneRoyal operates under certain regulations but has received mixed reviews regarding its reliability. While the platform itself is generally secure, some traders have experienced problems with withdrawals and customer support.
4. How much do I need to start trading on OneRoyal Broker?
The minimum deposit to start trading with OneRoyal is just $50, making it accessible for those new to trading or looking to test the platform.
Conclusion
In this OneRoyal Broker review, we’ve covered the platform’s history, features, pros and cons, customer feedback, and how to get started.
While OneRoyal offers a wide range of instruments, competitive spreads, and high leverage, it also has some issues that need attention, particularly with customer support and withdrawal delays.
If you decide to use OneRoyal, ensure that you understand the risks involved, especially with leveraged trading.
Always trade cautiously and consider seeking advice from experienced traders before making significant investments.