Want to trade with the broker that is based in the United Kingdom? There is always a choice! Read our full Royal Capital Pro review and find out if this broker can become your choice number one!
Min. Deposit: $250 Demo: No
Platform: MT4 Bonus: N/A
Regulation: FCA US Clients: NoSign up with Royal Capital Pro Now
Royal Capital Pro is a successful brokerage firm that has been delivering its services since 2010. The website of Royal Capital Pro is owned and is being operated by Media Zone Solutions LTD. As for the headquarters of this broker, it is located in 272 Bath Street Glasgow, G2 4JR, Scotland.
Royal Capital Pro is pretty transparent about its activity and their website has provided us with all the required information. Is Royal Capital legit? Our answer is yes.
The customer support is 24/5 and can be reached via phone or email. The support agents speak two languages: English and Arabic.
It is rather easy to open the account at this broker and you do not have to give a lot of your personal data. There are 3 currencies available when you register: USD, EUR and GBP. After the account is opened, it is up to the trader to choose between 4 different account packages. Let’s take a closer look at them further in our Royal Capital Pro review:
- Islamic Account
Silver account is the most basic one which is generally good for the Forex starters. Minimum deposit requirement is $250. Then comes Gold account with more advanced features and personalized approach. The minimum investment for Gold account is $1000. The last ordinary trading account is Platinum that can be opened once you deposit $5000 or more. Platinum account provides a trader with assigned account manager, various market reports etc. If you want to be treated as VIP, then you can certainly go for Platinum.
It is important to mention that the broker only charges the spread for order execution, which means that there are no hidden commissions. However, our review of Royal Capital Pro has spotted that for overnight positions the broker still charges a fee and you should specify this at customer support.
The fourth account that we have mentioned is called Islamic Account. Known as swap-free account, the Islamic account at Royal Capital Pro. This means that the broker will never charge a rollover fee or widen the spread for those traders that follow the Muslim faith. Islamic account is granted in person, so it is necessary to contact customer support if you want to open it.
Additionally, the broker allows opening a demo account with $50000 virtual funds. This a good way to practice and enhance your FX trading skills.
Royal Capital Pro Forex broker offers 3 distinct trading platforms for all its clients. They include MT4, cTrader a proprietary WebTrader platform.
MT4 and cTrader are the desktop platforms which need the software to be installed on the PC. As the two most popular Forex trading platforms, MT4 and cTrader offer advanced charting tools, ultra-fast order execution and the massive library of technical indicators. In addition, the automated trading is possible via these platforms. On MT4 it is represented by Expert Advisors or EAs developed with the help of MQL4 programming language. On the other hand, cTrader delivers automated trading via cAlgo. It is vital to mention that Royal Capital Pro allows trading on the move thanks to the MT4 apps available via App Store and Google Play.
The second platform offered at this broker is the WebTrader. As all web-based platforms, Royal Capital Pro WebTrader does not expect you to download any software. The platform utilizes HTML5. As other Royal Capital Pro reviews admit, the overall performance is seamless and the design is certainly comfortable for trading
On all its trading platforms, Royal Capital Pro offers 4 types of trading instruments – Forex, Index CFDs, Precious Metals and Energy Commodities. There is currently for trading Royal Capital Pro binary option, although this might come up with the next update.
When preparing this Royal Capital Pro opinion we have noticed a great educational section at the website. The broker has provided all users with the massive amount of video tutorials that explain the basics of Forex trading, show how to use MT4 and teach key Forex trading strategies.
On top of that, there is a possibility to use the Glossary to know the necessary trading terms.
Deposits and Withdrawals
Deposits and Withdrawals can be made with credit/debit card, Skrill, Neteller and wire transfers. Generally, there are no fees associated with making deposits or withdrawing funds. However, Royal Capital Pro broker still charges $35 or the equivalent amount for withdrawal via wires.
To become eligible for funds withdrawal, the broker requires you to upload necessary documents, e.g. ID and the proof of address.
You certainly can make money with this Forex broker. Is Royal Capital Pro scam? We are not inclined to think so. Be free to sign up!