4FX Royal Review Is 4fxroyal.com A Legit Broker

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FXCM Review

While its range of tradeable markets is narrow and pricing is just average for everyday trading, FXCM caters to multiple trader types. High-volume traders, algorithmic traders, and, overall, traders that appreciate robust trading tools alongside quality market research will find FXCM to be a good fit.

Top Takeaways for 2020

After spending five months testing 30 of the best forex brokers for our 4th Annual Review, here are our top findings on FXCM:

  • Founded in 1999, FXCM is a subsidiary of a public-traded company (NYSE: JEF). FXCM is regulated in three tier-1 jurisdictions, making it a safe broker (low-risk) for forex and CFDs trading.
  • In our testing, FXCM earned Best in Class (top 7) awards across six categories, including Platforms & Tools, Mobile Trading, Education, Customer Service, Social Copy Trading, Education, and Ease of Use.
  • FXCM offers a very narrow selection of tradeable products. Alongside 39 currency pairs, FXCM offers only 32 CFDs, which includes no single-stock CFDs. We also found commissions for everyday forex and CFDs trading to be just average.

Overall Summary

Feature FXCM
Overall 4.5 Stars
Trust Score 92
Offering of Investments 3.5 Stars
Commissions & Fees 4 Stars
Platform & Tools 4.5 Stars
Research 4.5 Stars
Mobile Trading 4 Stars
Customer Service 4.5 Stars
Education 4 Stars

Is FXCM Safe?

FXCM is considered low-risk, with an overall Trust Score of 92 out of 99. FXCM’s parent company is publicly-traded, does not operate a bank, and is authorised by three tier-1 regulators (high trust), two tier-2 regulators (average trust), and zero tier-3 regulators (low trust). FXCM is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Financial Conduct Authority (FCA), and via Friedberg Direct, with the Investment Industry Regulatory Organization of Canada (IIROC). Learn more about Trust Score.

Feature FXCM
Year Founded 1999
Publicly Traded (Listed) Yes
Bank No
Tier-1 Licenses 3
Tier-2 Licenses 2
Tier-3 Licenses 0
Trust Score 92

Offering of Investments

The following table summarizes the different investment products available to FXCM clients. While FXCM’s launch of several tradeable baskets (e.g., JPYBasket, EMBasket, USEquities, and CryptoMajors) was a welcomed addition in 2020, the removal of the mini account option and the reduction of total CFDs from 313 to just 32 restricts FXCM’s product range offering as a multi-asset broker. No single-stock CFDs are offered at FXCM.

Feature FXCM
Forex: Spot Trading Yes
Currency Pairs (Total Forex pairs) 39
CFDs – Total Offered 32
Social Trading / Copy-Trading Yes
Cryptocurrency traded as actual No
Cryptocurrency traded as CFD Yes

Commissions & Fees

FXCM shines most in its Active Trader account offering, where low commission rates and average spreads provide competitive pricing for high volume traders.

Spread data: Using the time-weighted average tradable prices from April 1, 2020, to June 30, 2020, all-in spreads for Standard accounts at FXCM are 1.3 pips on pairs such as the EUR/USD and USD/JPY.

Pricing discounts: Active Trader accounts are available for clients that deposit at least $25,000, which comes with a lower commission rate of $25 per million and access to premium research. For example, Active Trader accounts incur as little as £4 per standard round-turn lot (£2 per side) on the EUR/USD pair. Therefore, the all-in cost after commissions is roughly 0.45 pips (based on average spreads of 0.2 pips using the above referenced period).

Other notes: Standard account holders are only charged the prevailing spreads, whereas Active Trader accounts are charged a commission per trade, in addition to reduced prevailing spreads. Also, dealing desk accounts (e.g., Standard Accounts) are not subject to the FX Commission pricing model at FXCM, and thus may include a markup in the case of an intermediary (introducing broker), as per FXCM UK’s November 2020 rate card.

Feature FXCM
Minimum Initial Deposit £300
Average Spread EUR/USD – Standard 1.3 (as of Q2 19)
All-in Cost EUR/USD – Active 0.7 (as of Q2 19)
Active Trader or VIP Discounts Yes

Platforms & Tools

FXCM sets a high bar. The broker offers a growing range of trading platforms and tools for algorithmic trading, including its Trading Station platform and third-party platforms such as MetaTrader4 (MT4), ZuluTrade, and NinjaTrader (desktop-only), which are accessible via desktop, the web, and mobile.

Trading Station desktop: FXCM’s flagship trading platform, Trading Station, caters well to forex traders of all skill levels. One highlight is the Marketscope 2.0 charting tool within the platform, which is a powerful charting package that runs in parallel to the main platform window.

Trading Station web: The web version of Trading Station runs smoothly and comes with a respectable array of features, including news, videos, research, market data signals, and links to external resources. Charts pack nearly the same number of indicators as the desktop, with 50 available, and the platform’s 18 drawing tools were generally easy to use. Pros aside, our testing did surface a few minor usability issues while trying to resize windows or open a widget into full-screen mode; however, they were hardly a deal-breaker.

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Ninja Trader: It’s worth noting that the NinjaTrader platform from FXCM features numerous trading tools, including automated trading capabilities. For example, trading strategies and indicators can be created from scratch using NinjaScripts. While NinjaTrader doesn’t come pre-loaded with trading strategies, users can either make their own or use third-party-developed NinjaScripts, similar to how the MT4 platform operates. The platform also has a market replay and analyzer tool alongside over 150 indicators.

Algorithmic Trading: The FXCM App store provides various add-ons, technical indicators, and automated trading robots. FXCM supports Trading Station, MetaTrader 4 (MT4), and NinjaTrader platforms, as well as access to third-party products and platforms such as ZuluTrade and the Seer Trading Platform for algorithmic trading. There is a dedicated technical support team to assist traders in developing their MT4 Expert Advisors (EAs). The team will even help code strategies for clients for a nominal fee.

Research

FXCM provides a wide variety of market research and related resources. Overall, it isn’t award-winning, but it will satisfy the majority of forex traders.

Research tools: FXCM’s research tools include premium content from Trading Central, news headlines from Investing.com, as well as a market screener tool and a pattern-recognition scanner developed in conjunction with Grid Sight Technologies LTD, which is made available as an indicator.

Educational content: It’s worth noting that FXCM has done an excellent job of incorporating instructional information into its research, including webinars and its educational program. For less experienced algorithmic traders, FXCM’s Quant News offers webinars, videos, and news articles.

Mobile Trading

Thanks to the combination of Trading Station and MetaTrader4 (MT4), FXCM delivers a reliable, feature-rich mobile offering for forex traders, including algorithmic trading. Advanced features, such as a comprehensive trade ticket, offer advanced order types, including one-cancels-other (OCO) orders.

Mobile charting: With nearly 60 indicators and multiple drawing tools, charting in the FXCM mobile app is a pleasure. Trend-lines can be drawn with precision thanks to a magnifying glass that auto zooms while dragging the trend-line into position.

Mobile watch list: While the Trading Station mobile app may appear to lack a watch list, it is worth noting that any instruments selected to be shown will, in fact, sync across devices.

Customer Service

To score Customer Service, ForexBrokers.com partnered with customer experience research group Customerwise to conduct phone tests from locations throughout the UK. For our 2020 Review, 330 customer service tests were conducted over six weeks.

Results

  • Average Connection Time: rd (22 brokers)

Final Thoughts

FXCM is an excellent choice for active forex traders thanks to competitive spreads, as well as traders seeking to use automated trading strategies. All of FXCM’s platforms offer traders the ability to run algorithmic trading and access advanced charting tools. Overall, in 2020 FXCM finished Best in Class across six categories, including Platform & Tools, Customer Service, Education, Mobile Trading, Ease of Use, and Social Copy Trading.

About FXCM

Since 1999, FXCM, also known as Forex Capital Markets, has been a pioneer in developing online forex offerings for retail traders. With its headquarters in London, FXCM has grown to have multiple international offices and is licensed in several major regulatory hubs globally.

After its exit from the US market in 2020, FXCM no longer accepts US clients. Today, FXCM operates as a subsidiary of Jefferies Financial Group Inc. (NYSE: JEF), formerly known as Leucadia. Read more on Wikipedia about FXCM.

FXCM Trading Features

Feature FXCM
Virtual Trading (Demo) Yes
Proprietary Platform Yes
Desktop Platform (Windows) Yes
Web Platform Yes
Social Trading / Copy-Trading Yes
MetaTrader 4 (MT4) Yes
MetaTrader 5 (MT5) No
cTrader No
Charting – Indicators / Studies (Total) 51
Charting – Drawing Tools (Total) 31
Charting – Trade From Chart Yes
Watchlists – Total Fields 7
Order Type – Trailing Stop Yes

FXCM Research Features

Feature FXCM
Daily Market Commentary Yes
Forex News (Top-Tier Sources) Yes
Weekly Webinars Yes
AutoChartist Yes
Trading Central (Recognia) Yes
Delkos Research No
Social Sentiment – Currency Pairs Yes
Economic Calendar Yes

FXCM Mobile App Features

Feature FXCM
Android App Yes
Apple iOS App Yes
Trading – Forex Yes
Trading – CFDs Yes
Alerts – Basic Fields Yes
Watch List Yes
Watch List Syncing Yes
Charting – Indicators / Studies 30
Charting – Draw Trend Lines Yes
Charting – Trend Lines Moveable Yes
Charting – Multiple Time Frames Yes
Charting – Drawings Autosave Yes
Forex Calendar Yes

2020 Review Methodology

For our 2020 Forex Broker Review we assessed, rated, and ranked 30 international forex brokers over a five month time period. Each broker was graded on 105 different variables and, in total, over 50,000 words of research were produced.

While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.

All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than 1% each year, providing site visitors quality data they can trust. Learn more about how we test.

Forex Risk Disclaimer

“There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.” Learn more.

CFD Royal Review

CFD Royal

Reason to avoid: No license

Listed Date: June 12, 2020

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Beware CFD Royal is a Non-Regulated broker. It is NOT SAFE to trade.

  • Our Review
  • CFD Royal User Reviews
  • CFD Royal News

Is CFD Royal a scam or legit broker?

No, it is not safe to trade with CFD Royal. CFD Royal is owned and operated by Elit Property Vision LTD with the registered address in Sofia, Bulgaria. However, the broker is not authorized or regulated by the Financial Supervision Commission in Bulgaria or any other regulator.

Forex and CFD brokers are required to have a license by the local financial authorities in order to offer and provide financial services. CFD Royal doesn’t carry such license, so it cannot be considered as a reliable broker to invest with.

As we kept our search about CFD Royal, we have found a few shady things that definitely should be mentioned. The owner company Elit Property Vision LTD also owns other brokerages, such as previously reviewed CarterFS and RichmondFG. These companies have been blacklisted multiple times by different regulators, and this fact definitely doesn’t put a lot of trust to CFD Royal.

Another thing is that CFD Royal has previously been owned by United Limited, an offshore company based in the Marshall Islands. The Marshall Islands is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading. And the last reason, why traders should avoid CFD Royal is that the company has been banned by the UK’s Financial Conduct Authority:

“This firm (CFD Royal) is not authorised or registered by us but has been targeting people in the UK, claiming to be an authorised firm.”

Forex Broker Reviews

Here you can find the links to the reviews of all Forex brokers that are presented on EarnForex. If you are looking for the best broker, reading these reviews will help you do it. All broker reviews are linked from this page. Brokers are sorted according to the number of reviews they have received from traders. Upon visiting the page with the actual reviews of the specific broker, you will be able not only to read the reviews left by other traders, but you will also find the detailed information about this broker, including its rating. You will also be able to submit your own review.

Please keep in mind that the review process is anonymous and that the submitted statements express only opinion of the reviewer. The presented reviews and ratings do not represent our point of view. It is important to note that not all of these reviews are based on the real facts and events.

Things to consider when reading online reviews about retail Forex brokers:

  • A good review is well-detailed and tries to highlight both negative and positive sides of a broker.
  • Some negative reviews might be submitted by the company’s competitors. Even though we have learned to filter those quite well, some are still getting through.
  • Some reviews come from incentivized visitors and are partially or completely fake. Just ask yourself: “Does it read like a person who really traded with this company and wishes to share his or her experience?”
  • Official representatives of many brokers often respond to issues mentioned in the reviews and help to resolve them. Such cases might turn useful if you are not sure whether that broker is a good choice for you.

Forex broker reviews are a great source of information when selecting a company to open a trading account with. However, they are not always fair and unbiased. You should look at other characteristics of the broker before deciding on opening a live account.

Отзывы о Royal Financial Trading

Достоинства Royal Financial Trading :

  • Наличие сегрегированных счетов.
  • Отсутствие русскоязычной версии официального сайта.

Торговые счета Royal Financial Trading

STANDARD PRO
Минимальный депозит 50 USD 1 000 USD
Спред от 1.0 пунктов 0 пунктов
Комиссия нет 7 USD (или AUD)
Минимальный объем сделки 0.01 0.01
Кредитное плечо до 1:400 до 1:400
Открыть счет в Royal Financial Trading

Торговые счета могут быть открыты в 8 основных валютах: AUD, USD, EUR, GBP, SGD, HKD, CAD, NZD.

Компания также предоставляет возможность работы на демо-счете, торговля на котором ведется на виртуальные средства.

Для торговли компания предлагает валютные пары (41), товары (5), индексы (13).

Торговая платформа

MT4 – торговый терминал, пользующийся самой большой популярностью во всем мире, позволяет открывать и закрывать ордера, проводить технический анализ, использовать широкий ряд индикаторов и советников, создавать собственные торговые системы, торговые роботы и индикаторы. Также, доступны мобильные версии платформы.

Регулирование

ASIC – Австралийская комиссия по ценным бумагам и инвестициям, регулирует деятельность компании Royal Financial Trading Pty Ltd, лицензия AFSL 420268.

Способы платежей

Специалисты нашего рейтинга форекс брокеров FX-Rating рекомендуют вам ознакомиться со способами платежей в компании:

Ввод средств можно осуществить посредством:

  • кредитной/дебетовой карты
  • банковского перевода
  • Neteller
  • FasaPay
  • Skrill
  • POLi
  • CUP – Payeasy

Снять средства можно воспользовавшись:

  • кредитной/дебетовой картой
  • банковским переводом
  • Neteller
  • FasaPay
  • Skrill
  • China Union Pay (CUP)

Партнерские программы

Royal Financial Trading дает возможность получить дополнительную прибыль путем работы через партнерскую программу. На выбор партнеров доступен широкий выбор программ, каждая из которых отличается определенным размером партнерского вознаграждения.

Дополнительные сервисы

Компания предоставляет доступ к социальной торговле через:

  • Систему Myfxbook – посредством копирования сделок успешных трейдеров на счет клиента.
  • Сигналы Forex – позволяют соединять торговый счет с опытным трейдером и копировать его сделки.

Также, компания предлагает клиентам воспользоваться сервисом – VPS-хостинг, который обеспечивает бесперебойную работу, независимо от провайдера и скорости соединения.

Обратите внимание! На данный момент брокер не предоставляет услуги гражданам США и Японии.

Ознакомиться с информацией о других брокерах можно здесь.

Если вы заметили какие-либо неточности или ошибки, пожалуйста, пишите нам на [email protected]

* Дата последнего обновления 19.02.2020

Брокер регулируется следующими регуляторами:

Контактные данные брокера:

Адрес: Level 31, Grosvenor Place 225 George Street , Сидней , Австралия

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