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

Royal Broker Review for Hungary Traders 2026

Royal is a globally established broker with a decent overall score, but Hungary traders should be cautious. While it offers popular platforms like MT4/MT5 and low minimum deposits, the lack of local regulation and limited local payment methods are significant drawbacks. It may suit experienced traders comfortable with offshore regulation, but beginners may prefer a broker with a local license.
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 Hungary Traders

  • Low minimum deposit of $0, making it accessible for Hungary traders with any budget.
  • Offers popular MT4 and MT5 platforms, which are reliable on Hungarian internet connections.
  • Accepts deposits via Skrill and USDT, which are convenient for Hungary traders.
  • Competitive spreads on ECN account for active traders.
  • Global broker with over 15 years of industry experience.

CONS for Hungary Traders

  • Not regulated by the Hungarian National Bank (MNB), so no local investor protection.
  • No Islamic (swap-free) account available for Hungary Muslim traders.
  • Limited payment methods compared to local Hungarian brokers (no HUF accounts, no local bank transfer).
  • No Hungarian language support or localized educational materials.
  • No cTrader or TradingView platform support.
📅
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 — Hungary
  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 Hungary

Royal is a global forex and CFD broker founded in 2009 and headquartered in Australia. It has built a solid reputation over the years, serving retail traders in over 100 countries, including Hungary. The broker is known for offering the popular MetaTrader 4 and MetaTrader 5 platforms, competitive spreads, and a low minimum deposit of $0. For Hungary traders, Royal provides a straightforward trading environment with access to major forex pairs, indices, commodities, and cryptocurrencies. However, it is important to note that Royal does not hold a license from the Hungarian National Bank (MNB), which means traders do not benefit from local investor compensation schemes. The broker focuses on international clients and supports deposit methods like Bank Transfer, Skrill, and USDT, which are accessible but not specifically tailored to Hungary. Overall, Royal is a decent option for experienced Hungary traders who are comfortable with offshore regulation and want access to MT4/MT5 with flexible deposit options.

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 Hungary?

Segregated Client Funds
Yes
Negative Balance Protection
Yes
Top-tier Regulation
Yes
Live Chat Support
Yes
Safety verdict for Hungary 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 Hungary 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
Hungary 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 — Hungary 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
Hungary 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 — Hungary Muslim Traders

Royal does not offer an Islamic (swap-free) account. This means that Hungary Muslim traders who require Sharia-compliant trading will not be able to avoid swap or interest charges on positions held overnight. The broker's standard accounts apply swap rates on all forex and CFD positions. If you are a Muslim trader in Hungary, you will need to look for a broker that explicitly offers swap-free accounts, as Royal does not cater to this requirement. There are no hidden fees or alternative accounts available for Islamic traders at Royal.

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 Hungary

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 Hungary traders
Gold (XAU/USD), EUR/USD, and major stock indices are the most popular instruments among Hungary 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 Hungary traders
Platform is in English but many educational resources and YouTube tutorials are available in local languages from trader communities.
💬

Customer Support — Hungary Review

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

Common Mistakes Hungary Traders Make with Royal

  • Mistake: Not checking the regulatory status before depositing. Many Hungary traders assume Royal is regulated locally, but it is not. Always verify licenses on the ASIC and FSA websites.
  • Depositing large sums without testing the withdrawal process first. Start with a small amount to ensure smooth withdrawals to your Hungary bank account or Skrill.
  • Ignoring currency conversion fees. Since all deposits are in USD, Hungary traders often forget that their bank or Skrill will charge a conversion fee from HUF. Factor this into your trading costs.
🔍

Royal vs Competitors in Hungary

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 Hungary 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 Hungary traders.
Product
May 2026
New instruments added for Hungary traders
Royal has added new trading instruments including additional forex pairs and commodity CFDs.

Final Verdict — Is Royal Worth It for Hungary Traders?

3.9/5
★★★★★

Royal is a decent broker for Hungary traders who are comfortable with offshore regulation and want access to MT4/MT5 with low minimum deposits. The broker's strengths include competitive spreads (especially on the ECN account), a wide range of instruments, and flexible deposit options like Skrill and USDT. However, the lack of regulation by the Hungarian National Bank (MNB) is a significant concern, as it means no local compensation scheme or dispute resolution. Additionally, the absence of an Islamic account and limited local payment methods may deter some traders. We recommend Royal primarily for experienced Hungary traders who understand the risks of offshore brokers and prioritize platform choice and low costs over regulatory protection. Beginners or those seeking a fully localized experience should consider a broker with an MNB license.

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FAQ — Royal for Hungary Traders

Is Royal safe for Hungary traders?+
How can I deposit money in Royal from Hungary?+
Does Royal have Islamic account?+
What is the minimum deposit for Royal in Hungary?+
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 · Hungary
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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