OneRoyal

OneRoyal broker is a forex broker operating since 2006 that provides its services through several legal entities in different regions, and Teagle's data lists its country as Cyprus. In this overview, we review OneRoyal's licenses, accounts, deposits and withdrawals, and risks based on Teagle's data.

What kind of broker is OneRoyal?

With about 20 years of history, OneRoyal offers trading in forex, metals, stocks, indices, energy, ETFs and cryptocurrencies on the MetaTrader 4 and MetaTrader 5 platforms. A low minimum deposit, a variety of payment methods and negative balance protection are among its strengths, and Teagle's expert mentions more than 2000 trading instruments.

OneRoyal licenses and credibility

Teagle's license list includes three licenses under the OneRoyal group's name:

• CySEC Cyprus (No. HE 349061);
• ASIC Australia (No. AFSL 420268);
• VFSC Vanuatu (No. 700284).

None of these three licenses has an "active" status in Teagle's data, and the Teagle Eye risk index also states under regulation that "no active license is recorded". More importantly, according to the FAQ, Iranian users register under the entity Royal ETP LLC in Saint Vincent and the Grenadines, not the companies supervised by CySEC or ASIC; and company registration in Saint Vincent does not mean a forex regulatory license. This means that for Iranian users, OneRoyal is effectively an offshore structure that is weak in terms of oversight. The only declared protection is membership in the Financial Commission with coverage of up to 20,000 euros, and there is no official compensation fund. If the difference between these levels of oversight isn't clear to you, read the article the difference between offshore and onshore brokers and the guide broker regulation tiers .

Does OneRoyal serve Iranians?

Teagle's tags list "services to Iran" for OneRoyal, and Iranians register through the same Saint Vincent entity. The data on Persian language support is inconsistent: the tags indicate a Persian website and support, but the expert's list of cons includes "no Persian version"; so check the status of Persian support yourself before registering.

OneRoyal trading accounts

In Teagle's table, OneRoyal has seven account types, all of which have an Islamic (swap-free) version, dynamic leverage up to 1:1000, a 100% margin call and a 20% stop-out:

• Fixed Spread: Fixed spread of 0.4 pips, commission of $3 per side and a minimum deposit of $5, on MT5 only.
• Fixed Spread Classic and Fixed Spread Cent: Fixed spread of 1.8 pips, no commission and a minimum deposit of $5, on MT5.
• CLASSIC: Floating spread from 1.4 pips and no commission; the option for beginners.
• ECN: Raw spread from zero and commission of $3.5 per side ($7 round turn).
• PRIME: Minimum deposit of $5000, raw spread and commission of $1.75 per side.
• Cent: Minimum deposit of $10 with commission of $3.5 per side.

To choose between a commission and a commission-free account, comparing ECN accounts with other accounts helps. If you want to practice with small capital, also see the best brokers for cent accounts . Leverage of 1:1000 is dangerous for inexperienced traders; before using it, read the guide to leverage and leveraged trading .

OneRoyal platforms and services

The platforms recorded on Teagle are MetaTrader 4 and MetaTrader 5. Additional services include copy trading, social trading, PAMM, expert advisors, VPS, a market scanner and tools such as SignalX and AssetIQ. Bonuses, cashback and rebates are also offered, and you can follow active bonuses on the broker bonuses page .

Deposits and withdrawals at OneRoyal

Payment methods include bank wire (minimum $40, 1 to 5 business days), cryptocurrency (minimum $30, with only network fees on withdrawals), bank cards (minimum $5, 3 to 5 business days), e-wallets, PayTrust88 and Fasapay (instant), and local payment solutions. OneRoyal does not charge deposit fees, but according to the FAQ this claim has exceptions: if you trade less than 2 lots after depositing, convert your account currency or make an international bank wire, fees are deducted from you. Full coverage of deposit fees on PayTrust88 and Fasapay also applies only to deposits over $1,000.

OneRoyal's score and risk on Teagle

OneRoyal's final score on Teagle is 3.16 out of 5, calculated as the average of three sources: Teagle's expert 3.7, WikiFX 3.18 and Forex Peace Army 2.61; a Teagle user score has not yet been recorded, and there is only one review with a score of 5. The Teagle Eye risk index for this broker is 65 out of 100, in the "high risk" category; its 20-year history has pulled it down, while the lack of an active license has pushed it up.

OneRoyal pros and cons

• Pro: $5 minimum deposit and a wide variety of accounts, from cent to PRIME
• Pro: ECN account with raw spreads and competitive commission, scalping and hedging allowed
• Pro: extensive additional services such as copy trading, PAMM and VPS
• Con: Iranian users are registered under the Saint Vincent entity, not CySEC or ASIC
• Con: no official compensation fund, relying only on the Financial Commission
• Con: hidden fees under certain conditions, such as trading less than 2 lots after depositing

Who is OneRoyal suitable for?

In the view of Teagle's expert, OneRoyal suits users who knowingly accept that they are contracting with the Saint Vincent entity and find the Financial Commission coverage of up to 20,000 euros sufficient; especially active traders and scalpers. Beginner traders who see bonuses and 1:1000 leverage as advantages should be more cautious. Before deciding, weigh OneRoyal in the OneRoyal vs VT Markets comparison and see where it stands in the low-deposit broker rankings .

Conclusion

OneRoyal looks like a complete option in terms of accounts, costs and additional services, but for Iranian users its regulatory credibility is at the level of an offshore entity, and Teagle has not recorded an active license for it. Teagle's editorial team recommends that you check the entity registering your account, start with a small amount, make a test withdrawal and follow new warnings on the investment risk warning page .