Royal Financial Trading (RFXT) Review – What to expect from the broker

Royal Financial Trading (RFXT) is a Forex and CFD Broker that features on its trading platform currency pairs as well as CFDs on commodities and indices. The broker is regulated and overseen by the CySEC in Cyprus, by the ASIC in Australia and by the CMA in Lebanon. The minimum spread is for EUR/USD 1.4 pips*, real trading is possible with a minimum deposit of $50. The Royal Financial Trading website is available in English, Arabic, Polish, Russian, Hungarian, Indonesian.

What do we cover in our Royal Financial Trading Review?


General Risk Warning: 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Basic information about the broker

  • Website address: https://www.rfxt.com
  • Leverage: up to 1:30
  • Instruments: Forex, CFDs – indices, commodities
  • Minimum deposit: $50
  • Demo account: Yes, free of charge (30-day expiry)
  • Methods of deposit and withdrawal: Wire Transfer, Skrill, Neteller, Credit and debit cards (Visa/MasterCard)

Royal Financial Trading Trading Platform

For FX and CFD trading, Royal Financial Trading offers MT4. A popular platform used not only for executing trades but also for analyzing financial markets and automated trading. MT4 can be downloaded to any computer or can be accessed via just a web browser or a mobile application.

Royal Financial Trading (RFXT) Spreads

As any other CFD broker, Royal Financial Trading charges a spread fee. For the most current spread charges, please visit the Royal Financial Trading.com website. Here is a spread comparison table that contrasts Royal Financial Trading spreads with popular industry competitors.


Asset EUR/USD USD/JPY GBP/USD AUD/USD
Royal Financial Trading* 1.4 1.4 1.4 1.4
Plus500** 0.6 0.7 1.1 0.6
IQOption** 1.2 0.9 1.5 1.6

*Minimum spreads recorded on15.10.2019 at 11:10 GMT. Data about spread charges were taken from the website of the broker. **Spreads recorded on 26.09.2019 at 11:26 GMT from the trading platform of the broker.

Royal Financial Trading regulation

Royal Financial Trading (Cy) Ltd
is authorized and regulated under the Cyprus Securities and Exchange Commission under license number 312/16.

The CySEC regulation gives Royal Financial Trading the right to provide cross-border services to other members of the European Economic Area.

Advantages and disadvantages

Every Broker has its pros and cons, let’s have a look at the ones that elevate & denounce Royal Financial Trading.

Royal Financial Trading Pros
  • EAs and Hedging Allowed
  • Low minimum deposit
Royal Financial Trading Cons
  • No CFDs on shares and cryptocurrencies

To sum up the Royal Financial Trading Review

Royal Financial Trading adheres to strict regulatory guidelines of the CySEC and ASIC. The broker, unfortunately, states only the minimum spread charges for forex, so we don’t know the real or average spreads that the broker charge. The number of FX pairs is quite good – 70, there are, however, no CFDs on shares nor cryptocurrencies.

 

Your review can make a difference to other traders, please leave a comment if you have any personal experience with Royal Financial Trading.



Michael
Latest posts by Michael (see all)

Leave a Reply