Royal CM-Forex Broker review
Royal CM is a Forex broker (a white label of eToro) founded in 2006 which offers the same basic services and features of eToro, including its trading platform and system. In this case, the client of this broker has the possibility to trade with currency pairs (Forex), stock indices like S&P 500 and NASDAQ 100 and commodities CFD´s on gold, silver and crude oil.
Type of Broker
Royal CM is a Market Maker broker.
Royal CM is a company associated with eToro, a fully regulated social investment network from Europe.
Country of origin
The offices of the broker Royal CM are located in Cyprus.
This Forex brokers offers the following instruments for trading:
- Forex market: Royal CM allow to trade with more than 20 different currency pairs in the spot market, from the most important pairs such as the EUR/USD and the GBP/USD to other more exotic like the AUD/NZD.
- CFD based on commodities: This broker offers the possibility to trade with Contracts For Difference based on gold, silver, oil and other.
- Indices:Several of the major stock indices of the market, including the S&P 500, Dow Jones, Nasdaq 100 and DJ30 among others.
This broker offers a single trading account to all clients, whether professional traders or beginners with little or no experience in the market. To open an account with Royal CM the trader requires a minimum deposit of $ 50. The trading margin is 0.25% (a leverage of 1:400).
Likewise, the clients of Royal CM have the option to open a demo account with no time limit, which can be used to practice their trading strategies and evaluate the company's services using a virtual amount up to $10000.
This broker offers a demo account with no limit of time.
As mentioned at the beginning, Royal CM offers the same trading platform of eToro, which is characterized by its simplicity and by having a user-friendly interface. In fact, it is an ideal application for inexperienced traders. This platform has two configurations whose characteristics are the following:
Features for professional traders
- Automatic execution.
- Fixed spreads as low as 2 pips for EUR / USD.
- Leverage from 1:5 to 1:400.
- Price charts in different time frames.
- Built News Service.
Featurss for Beginners traders
- Intuitive and easy to use Trading graphics functions.
- User-friendly interface.
- Low initial investment.
- Updated market quotes.
The client can add/withdrawl funds through Bank Wire Transfer, Credit Cards (the most important), Paypal, Neteller and Skrill.
Main Advantages of Royal CM
- Personal Account Managers who offer constant guidance to the client about using the trading platform and the market in general. This increases the chances of success especially for inexperienced traders.
- An updated economic calendar with the most significant developments that may affect the market.
- Guides in English and Spanish about the Forex market and how to trade more efficiently, which are focused primarily on the beginner traders.
- For customers that open a real trading account and deposit funds, Royal CM offers a bonus whose amount depends on the amount deposited. The maximum value of this bonus is 2000 euros.
- Through the trading platform, the customers of Royal CM can contact other traders via a built-in chat. In this way, the trader can share their ideas about the market.
- Royal CM offers a funtion through which is possible to check the general tendency of the traders that trade with this company with respect to a specific instrument. In this way, the client can check the percentage of traders that have an open long or short position in a currency pair like EUR/USD for example, at a given time. Also, this feature allows to check what is the trend of the main traders of Royal CM, ie those with more experience and knowledge about the market.
- It offers the possibility to obtain extra money promoting its services through an associated affiliate program called EmpireMoney.
Royal CM Main Promotions
- Royal CM offers a welcome bonus for new clients that open a real trading account and deposit funds . The amount of the bonus depends on the capital deposited by the client and can be up to €2,000.
Other categories of this broker
- CFD Broker.
- Gold Broker.
- Silver Broker.
- Oil Broker
|Company||Royal Capital Markets.|
|Minimum account size||$50 USD.|
|Minimum lot size||0.01 lot.|
|Maximun Leverage*||Up to 1:400.|
|Spreads||Royal CM offers fixed and low spreads for Forex trading. For example, for the EUR/USD the spread is usually 2 pips.|
|Link to the website||Royal CM Website|
|Open an account|