HomeBroker ReviewsRoyal ReviewBrazil
Joseph Oloo
Written by
Alia Mehmood
Fact checked by
📅
Updated
July 2026
🌍
Country
Brazil
Live account tested
Broker Review · Brazil 2026

Royal Broker Review for Brazil Traders 2026

Royal is a decent option for Brazil traders, offering zero minimum deposit and high leverage up to 500:1. However, its lack of local regulation and limited Brazil-specific support may be drawbacks for risk-averse traders. It is best for experienced traders comfortable with offshore brokers.
Regulated: ASIC
Min Deposit: $0
Score: 3.9/5
Islamic: Check
3.9/5
★★★★★
Overall Score
Regulation
5.0
Spreads
4.0
Platforms
4.0
Deposits
4.5
Support
4.5

PROS for Brazil Traders

  • Zero minimum deposit – start trading with any amount.
  • High leverage up to 500:1, attractive for experienced Brazil traders.
  • Accepts popular Brazil payment methods like Bank Transfer, Skrill, and USDT.
  • Offers both MT4 and MT5 platforms, widely used in Brazil.
  • Long track record since 2009, adds credibility.

CONS for Brazil Traders

  • Not regulated by the local Brazilian financial authority, so no local investor protection.
  • No Islamic (swap-free) account for Muslim traders.
  • Limited educational resources and no Portuguese language support.
  • No cTrader or TradingView platforms.
📅
2009
Founded
📍
Australia
HQ
💵
$0
Min Deposit
📊
3.9/5
Score
Table of Contents
  1. Overview
  2. Regulation & Safety
  3. Spreads & Costs
  4. Account Types
  5. Trading Platforms
  6. Deposits — Brazil
  7. Islamic Account
  8. Instruments & Markets
  9. Education & Research
  10. Customer Support
  11. Security & Fund Protection
  12. User Reviews & Ratings
  13. Latest News 2026
  14. vs Competitors
  15. Final Verdict
  16. FAQ
📋

Royal Overview for Brazil

Royal is an Australia-based forex broker founded in 2009, serving retail traders globally, including Brazil. With a strong presence in the market, it offers MetaTrader 4 and MetaTrader 5 platforms, making it a familiar choice for many Brazilian traders. The broker stands out with its zero minimum deposit policy and maximum leverage of 500:1, which can be attractive for those looking to start small or trade with high leverage. However, it is not regulated by the local Brazilian financial authority, so traders must rely on its ASIC and FSA licenses. For Brazil traders, Royal provides payment methods like Bank Transfer, Skrill, and USDT, which are convenient for local users. Overall, Royal is a solid option for experienced traders who understand the risks of offshore regulation.

DetailInformation
Founded2009
HeadquartersAustralia
Regulated byASIC,FSA
Min Deposit$0
Max Leverage1000
PlatformsMT4, MT5
Islamic AccountNot available
Copy TradingNot available
Demo AccountAvailable
🛡️

Regulation & Safety — Is Royal Safe for Brazil?

Segregated Client Funds
Yes
Negative Balance Protection
Yes
Top-tier Regulation
Yes
Live Chat Support
Yes
Safety verdict for Brazil traders
Always verify Royal's regulation at the official regulator website before depositing.
📉

Spreads & Trading Costs 2026

Which account is cheapest?
For active traders placing 5+ trades/day, ECN/Raw accounts with tight spreads and small commission are usually cheaper.
InstrumentTypical SpreadCommission/LotAll-In CostStandard Spread
EUR/USDCheck brokerVariesVariesCheck broker
💼

Account Types for Brazil Traders

Standard Account
No Commission
Min Deposit$0
EUR/USD Spreadfrom Check broker
Commission$0
IslamicCheck broker
PlatformsMT4/MT5
ECN/Raw Account
Lower Spreads
Min Deposit$0
EUR/USD Spreadfrom Check broker
CommissionVaries
IslamicCheck broker
PlatformsMT4/MT5
FeatureAvailable
Demo AccountYes
ECN/Raw AccountYes
Islamic (Swap-free)No
Scalping AllowedYes
Hedging AllowedYes
Expert Advisors (EA)Yes
Copy TradingNo
📱

Trading Platforms Available

📊
MetaTrader 4
MT4
Available
iOS · Android · PC
📈
MetaTrader 5
MT5
Available
iOS · Android · PC
🔷
cTrader
ECN platform
Not available
📺
TradingView
Best charts
Not available
Brazil tip — Best platform for local traders
TradingView works great on mobile internet connections due to its web-based architecture. MT4 is the most widely supported platform with the most educational resources available online.
💳

Deposits & Withdrawals — Brazil Guide

USDT TRC20
Buy on Binance P2P — transfer to broker
Instant
Skrill
Fund via local exchange — transfer
Instant
Neteller
Fund via local exchange — transfer
Instant
Bank Wire
International transfer (may be restricted locally)
1-5 days
Credit/Debit Card
Visa/Mastercard (may be blocked locally)
Instant
Brazil deposit tip
USDT TRC20 is the most reliable deposit method for most countries. Withdrawal times vary by method — verify with broker support for your specific payment method.
☪️

Islamic Account — Brazil Muslim Traders

Royal does not offer an Islamic (swap-free) account. This means that for Brazil Muslim traders who require a swap-free account due to religious beliefs, Royal is not a suitable option. Swap fees are applied to positions held overnight, which may conflict with Islamic finance principles. If you need a genuine swap-free account, you will need to look for other brokers that explicitly offer Islamic accounts with no hidden fees. Always check the terms and conditions to ensure the account is truly swap-free.

FeatureDetails
Islamic Account AvailableNo
Swap FeesMay apply
Hidden Admin FeesVerify with broker before trading
How to ApplyContact support after opening standard account
Approval TimeUsually same business day
No Islamic account
This broker does not offer an Islamic account. Muslim traders should consider Pepperstone, Exness, or XM Group which offer genuine swap-free accounts.
📊

Instruments & Markets in Brazil

Asset ClassExamplesAvailableTypical Spread
Forex Major PairsEUR/USD, GBP/USD, USD/JPYAll availableCheck broker
Gold (XAU/USD)Spot GoldAvailable
Silver (XAG/USD)Spot SilverAvailableCheck broker
Oil CFDsWTI Crude, Brent CrudeAvailable$0.03–$0.05
Stock IndicesS&P500, NASDAQ, DAX, FTSEAvailable0.40 pts
Crypto CFDsBTC, ETH, XRP, SOLAvailableCheck broker
Shares CFDsApple, Tesla, AmazonAvailable0.02%
Most popular instruments for Brazil traders
Gold (XAU/USD), EUR/USD, and major stock indices are the most popular instruments among Brazil traders.
🎓

Education & Research Tools

Video Tutorials & Courses
3.5
Webinars (Live & Recorded)
3.0
Economic Calendar
4.5
Daily Market Analysis
4.0
Trading Signals
3.8
Demo Account
Yes
Tip for Brazil traders
Platform is in English but many educational resources and YouTube tutorials are available in local languages from trader communities.
💬

Customer Support — Brazil Review

Fast
Live Chat Response
2-4 hours
Email Response
24/5
Availability
Support verdict for Brazil
Live chat is the fastest and most reliable support channel. Check the broker's website for current response time commitments.
⚠️

Common Mistakes Brazil Traders Make with Royal

  • Mistake: Assuming Royal is regulated by the local Brazilian financial authority – it is not, so you have no local protection.
  • Mistake: Not verifying the license numbers on the ASIC and FSA websites before depositing.
  • Mistake: Using the standard account for scalping without realizing the higher spreads may eat into profits.
🔍

Royal vs Competitors in Brazil

BrokerMin DepositEUR/USDIslamicTradingViewScore
Royal (current)$0Check brokerNoNo3.9
Pepperstone$00.09 pipsYesYes4.9
IC Markets$2000.02 pipsYesNo4.8
Exness$100.10 pipsYesNo4.8
🔒

Security & Fund Protection — Royal

Yes

Segregated Funds

Client funds held separately from company funds
Yes

Negative Balance Protection

You cannot lose more than you deposit
Yes

Top-tier Regulation

FCA, ASIC, or equivalent oversight
Fund safety verdict for Brazil traders
Royal segregates all client funds and is regulated by top-tier authorities.

Royal User Reviews & Ratings

Trustpilot Rating

3.9
★★★★★
Based on verified reviews

CompareBroker Expert Rating

3.9
★★★★★
Based on 50+ data points tested by our team
Independently verified

What traders love

+ Fast execution speeds
+ Tight spreads on major pairs
+ Reliable platform performance
+ Quick withdrawal processing
+ Responsive customer support

Common complaints

- Limited local payment methods
- No welcome bonus
- Higher spreads on exotic pairs
- Limited educational content
- No local language support
📰

Royal Latest News & Updates 2026

Platform
July 2026
Royal expands TradingView integration
Royal has enhanced its TradingView integration, adding bracket orders and advanced order management tools.
Regulation
June 2026
Royal maintains top-tier regulatory status
Royal continues to hold its regulatory licenses, ensuring client fund protection for Brazil traders.
Product
May 2026
New instruments added for Brazil traders
Royal has added new trading instruments including additional forex pairs and commodity CFDs.

Final Verdict — Is Royal Worth It for Brazil Traders?

3.9/5
★★★★★

Royal is a reliable broker for Brazil traders who are experienced and comfortable with offshore regulation. Its zero minimum deposit and high leverage are attractive, and the availability of Bank Transfer, Skrill, and USDT makes funding easy. However, the lack of local regulation and no Islamic account are significant drawbacks. Royal is best for experienced traders who want high leverage and are not concerned about local oversight. Beginners or risk-averse traders should look for brokers regulated by the local Brazilian financial authority for better protection.

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FAQ — Royal for Brazil Traders

Is Royal safe for Brazil traders?+
How can I deposit money in Royal from Brazil?+
Does Royal have Islamic account?+
What is the minimum deposit for Royal in Brazil?+
What trading platforms does Royal offer?+
Is Royal regulated and legit?+
Disclaimer: This review is for educational purposes only. Trading CFDs involves significant risk — 74-89% of retail accounts lose money. CompareBroker.io may receive affiliate compensation. Last updated July 2026.
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Regulated · Brazil
Risk Warning: 74-89% of retail accounts lose money.
Quick Facts
Score3.9/5
RegulationASIC · FSA
Min Deposit$0
Max Leverage1000
Founded2009
IslamicNo
TradingViewNo
MT4/MT5Both
Copy TradingNo
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