Cheated by a financial organization, does not withdraw money? Do you want to check the financial company?
The first impression matters - are OneRoyal scams or not?
Are you sure you have chosen the right forex broker 2020 to trade? Do you think your trading partner is focused on providing the best platform for you to be the most profitable? You should always consider these questions and evaluate Forex brokers as carefully as possible. Because if you don’t, you will end up being scammed and not treated the way you deserve.
No matter how smooth and flawless their trading offers look, a fraudulent broker always has a dark side that exposes all scams. Regarding reputed brokers, don’t sign up immediately as every company can be unreliable. Find out if One Royal is a scam or not.
Uniroyal is a Forex broker founded in 2006 and claims to be “the one broker that rules everything.” A thunderous statement from a company that is not the best forex broker in the world.
|Year of foundation
|Regulation and jurisdiction
Visiting the Royal web resource, you can see a bright design in yellow and purple tones. The client can quickly get acquainted with the brand’s history and the company’s commercial offers. The broker claims to be a professional, ready to provide high-quality and inexpensive services.
+61 2 8284 5100, +961 1 975 275, +1 (888) 705 9006
- Flexible trading conditions
- Diversity of Assets
- Access to PAMM accounts
- Mobile trading
- Terminal instability
- Lack of regulatory information
- Difficulties with withdrawals
- Unknown liquidity provider
|Types of accounts
|Margin Call/Stop out
OneRoyal Official Website Overview
The very first thing that catches your eye when viewing the company’s website is the stunning interface design, which looks more like the opening credits of a movie than the visual design of a broker’s portal. A rich yellow color – to put it mildly, not the best choice of color for the background.
This overly complex design does not directly affect the customer experience at One Royal FX Brokerage. While customers won’t have a problem with the information content of a website, it isn’t straightforward to distinguish between texts against rich backgrounds. OneRoyal, available in multiple jurisdictions, supports the following six languages:
Looking through the entire portal, you can find important information about the broker:
- domain name: oneroyal.com;
- registration information: date of creation – 2006;
- license details: ASIC (Australia), CySEC (Cyprus), CMA (Lebanon);
- information about the registration address and the owners of the exchange: the owner is unknown, the registration address is Level 7, 1 York Street, Sydney NSW 2000, Australia;
- contact information: firstname.lastname@example.org, Twitter, LinkedIn, Instagram, Facebook, and WhatsApp accounts.
One would think that in over 16+ years of operation, One Royal should have learned the lessons of being conservative and not offering too zealous terms. However, this is the exact opposite of what can be seen on the broker’s website.
The first important aspect you need to pay attention to is a forex broker license to make money. According to One Royal, the company’s claims were issued by three different institutions, including Cyprus and Australia. In the Rules section of the website, One Royal contains three licensed materials from three countries – Australia, Cyprus, and Lebanon. Actual financial authorities that issued licenses:
- Australian Securities and Investment Commission (ASIC);
- Cyprus Securities and Exchange Commission (CySEC);
- Capital Markets Authority (CMA) of Lebanon.
If all these licenses are, in fact, valid and the broker complied with all their rules, there would be no room for suspicions of One Royal fraud. ASIC and CySEC licenses are too prestigious to doubt their effectiveness.
However, digging deeper into the platform, one finds that the actual full license that governs the broker is the latest CMA license. These are not the most impressive parts of the rated forex brokers’ licensing. Lebanon is one of the worst countries to trust with your funds.
Therefore, whether One Royal is a properly regulated broker or not is somewhat ambiguous but still has a simple answer. It has one legal license but does not enforce high financial standards within its jurisdiction.
One Royal logins have two categories for trading accounts: Zero Commission and Raw Spread. Each of them contains three different types of accounts:
- Classic — minimum deposit $50;
- Premium — minimum deposit $20,000;
- VIP – minimum deposit $100,000.
While these accounts are undoubtedly different in terms of the features they offer, such a drastic switch from one account to another in terms of minimum deposit requirements doesn’t make sense. It’s unclear which function is $19,950 more to get your following premium account.
Traders can only use One Royal MetaTrader 4 for forex trading on the various instruments available on the platform. Even though MT4 is not inferior to software by any means, it is still not an ideal platform for trading symbols other than currency pairs. In addition, it does not contain many graphical tools and indicators standards in MetaTrader 5 or cTrader.
The broker offers more than one asset class for trading, which is one of Royal’s advantages. In particular, One Royal supports over 60 currency pairs, four cryptocurrency pairs, and a wide range of CFDs, including stocks, indices, commodities, and metals.
Despite such a variety of trading instruments, clients will not be entirely impressed by the trading conditions that come with them. For example, a leverage of 1:400 is too much for a broker that appears to be CySEC regulated. It is a generally accepted fact that in the EU zone, Forex brokers can offer a maximum leverage of 1:30. Still, One Royal promotions do not take this limitation into account.
The same can be said about spreads. There are two options you can choose from either a Raw Spread account with zero spread or zero commission and still get a low spread of 0.7 pips. Sure, paying lower commissions is excellent, but what about sources of income for a broker? Even commissions at One Royal are meager and suspicious, as are the spreads.
Then comes the minimum deposit requirement, which is $50 and doesn’t seem all that weird compared to other trading conditions at One Royal. But what is strange is the transition from a classic account with a $50 deposit to a premium account with a $20,000 deposit requirement. The features of a premium account do not justify such a sharp increase in the minimum deposit.
Speaking of deposits, you can use credit cards, wire transfers, and a couple of e-wallets to transfer money to your One Royal account. The same is with the withdrawal of One Royal. The lack of PayPal and other sophisticated financial platforms is a significant disadvantage for the broker and the client. One Royal seems to be taking the hit directly.
OneRoyal provides a broader range of investment tools and resources than many CFD brokers. In addition to supporting the educational library, OneRoyal also includes a leading trading center called “Trading Central,” Dow Jones Newswire, VPS Hosting, and the MetaTrader4 Accelerator package to enhance the functionality and versatility of the platform. Social copy trading is available through the ZuluTrade or MyFXBook platforms. At the same time, detailed Forex trading FAQs provide clear answers to some of the most common trading questions ranging from pips, leverage, and forex fundamentals.
The free visit to the OneRoyal FAQ page supports the intuitive forex tutorial series The Roy and AI Show and Trader’s Fix, a forex trading master class sponsored through OneRoyal.
OneRoyal.com reviews: what the broker is silent about
The OneRoyal platform, ostensibly regulated by three financial authorities, is designed to serve novice and professional traders through social media trading and robust platforms. Combined with industry-leading customer support and platform-friendliness, OneRoyal is likely dreaming of continuing to attract a growing investor base in the coming years.
But clients immediately see a very trendy website that is more suitable for a western than as a platform for a Forex broker. This, in turn, reduces the information content of the site.
Even though the broker claims to have licenses from CySEC, ASIC, and CMA, it’s easy to see that the only permit that works appropriately is CMA from Lebanon – the least reliable of the three.
As for Van Royal reviews, you can find radically opposite opinions on the network, among which negative ones still prevail. Users claim that the company brazenly blocks orders and does not try to solve problems during the trading process.
The colorful design of the brokerage site lures many clients who later regret their decision. They transferred a significant amount to the account of an intermediary firm, after which they faced a lack of withdrawal of funds. Royal has been called the worst broker, cheater, and thief.
After reviewing various trading conditions, One Royal appears suspiciously expanding its leverage and spread offerings. As for financial platforms, the existing methods are rather dull and not very complicated. So, can One Royal be trusted? We recommend finding a recognized company from the top forex brokers that evoke a sense of professionalism, not fantasy. It can be argued that OneRoyal is a hoax that does not inspire user confidence.
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The company’s rating and reputation largely depend on whether its clients are satisfied. The reviews about OneRoyal are not the most flattering, and therefore you should take a close look at them before deciding to cooperate with this platform.
To add a review of this company on the resource, you do not need to spend a lot of time. The whole procedure takes no more than 5 minutes, and this is already with registration. A letter with a link to confirm registration will be sent to your e-mail, and it will also contain detailed instructions on how to add a review to the site.
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