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Royal Overview for Malaysia
Royal is a global forex and CFD broker founded in 2009 and headquartered in Australia. It serves traders in over 100 countries, including Malaysia, offering access to forex, indices, commodities, and cryptocurrencies. The broker is known for its low-cost trading environment, with spreads starting from 0.0 pips on ECN accounts. For Malaysia traders, Royal provides local payment methods such as FPX and Bank Transfer (MYR), making deposits and withdrawals convenient. However, the broker does not hold a license from SC Malaysia, which means traders are not covered by local investor protection schemes. Despite this, Royal has built a reputation for reliability and transparency over its 17+ years of operation. The broker supports both MT4 and MT5 platforms, which are popular among Malaysian traders for their advanced charting and automated trading capabilities. While Royal does not offer an Islamic account, it remains a viable option for traders who prioritize tight spreads and fast execution. This comprehensive review will help you decide if Royal is the right broker for your trading needs in Malaysia.
| Detail | Information |
|---|
| Founded | 2009 |
| Headquarters | Australia |
| Regulated by | ASIC,FSA |
| Min Deposit | $0 |
| Max Leverage | 1000 |
| Platforms | MT4, MT5 |
| Islamic Account | Not available |
| Copy Trading | Not available |
| Demo Account | Available |
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Regulation & Safety — Is Royal Safe for Malaysia?
Segregated Client Funds
Yes
Negative Balance Protection
Yes
Safety verdict for Malaysia traders
Always verify Royal's regulation at the official regulator website before depositing.
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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.
| Instrument | Typical Spread | Commission/Lot | All-In Cost | Standard Spread |
|---|
| EUR/USD | Check broker | Varies | Varies | Check broker |
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Account Types for Malaysia 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
| Feature | Available |
|---|
| Demo Account | Yes |
| ECN/Raw Account | Yes |
| Islamic (Swap-free) | No |
| Scalping Allowed | Yes |
| Hedging Allowed | Yes |
| Expert Advisors (EA) | Yes |
| Copy Trading | No |
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Deposits & Withdrawals — Malaysia Guide
USDT TRC20
Buy on Binance P2P — transfer to broker
Skrill
Fund via local exchange — transfer
Neteller
Fund via local exchange — transfer
Bank Wire
International transfer (may be restricted locally)
Credit/Debit Card
Visa/Mastercard (may be blocked locally)
Malaysia 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.
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Islamic Account — Malaysia Muslim Traders
Royal does not offer an Islamic (swap-free) account. This is a major drawback for Muslim traders in Malaysia who require Sharia-compliant trading accounts that do not charge or pay swap/interest on overnight positions. While some brokers offer swap-free accounts by waiving swap fees, Royal has not implemented this feature. Malaysia traders who need an Islamic account should consider other brokers like XM or IC Markets that provide genuine swap-free accounts. If you still wish to trade with Royal, you can avoid overnight positions or use a hedging strategy to minimize swap charges, but this is not a full solution. Always confirm with customer support if any swap-free option is available for your account type.
| Feature | Details |
|---|
| Islamic Account Available | No |
| Swap Fees | May apply |
| Hidden Admin Fees | Verify with broker before trading |
| How to Apply | Contact support after opening standard account |
| Approval Time | Usually 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.
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Instruments & Markets in Malaysia
| Asset Class | Examples | Available | Typical Spread |
|---|
| Forex Major Pairs | EUR/USD, GBP/USD, USD/JPY | All available | Check broker |
| Gold (XAU/USD) | Spot Gold | Available | — |
| Silver (XAG/USD) | Spot Silver | Available | Check broker |
| Oil CFDs | WTI Crude, Brent Crude | Available | $0.03–$0.05 |
| Stock Indices | S&P500, NASDAQ, DAX, FTSE | Available | 0.40 pts |
| Crypto CFDs | BTC, ETH, XRP, SOL | Available | Check broker |
| Shares CFDs | Apple, Tesla, Amazon | Available | 0.02% |
Most popular instruments for Malaysia traders
Gold (XAU/USD), EUR/USD, and major stock indices are the most popular instruments among Malaysia traders.
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Education & Research Tools
Video Tutorials & Courses
3.5
Webinars (Live & Recorded)
3.0
Tip for Malaysia traders
Platform is in English but many educational resources and YouTube tutorials are available in local languages from trader communities.
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Customer Support — Malaysia Review
Support verdict for Malaysia
Live chat is the fastest and most reliable support channel. Check the broker's website for current response time commitments.
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Common Mistakes Malaysia Traders Make with Royal
- Mistake: Assuming Royal is regulated by SC Malaysia – always verify the ASIC license and understand that you are trading with an offshore entity.
- Mistake: Not checking swap fees before holding positions overnight – since there is no Islamic account, swap charges can eat into profits.
- Mistake: Using bank transfer for small deposits – FPX is faster and cheaper for ringgit deposits under RM1,000.
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Royal vs Competitors in Malaysia
| Broker | Min Deposit | EUR/USD | Islamic | TradingView | Score |
|---|
| Royal (current) | $0 | Check broker | No | No | 3.9 |
| Pepperstone | $0 | 0.09 pips | Yes | Yes | 4.9 |
| IC Markets | $200 | 0.02 pips | Yes | No | 4.8 |
| Exness | $10 | 0.10 pips | Yes | No | 4.8 |
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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 Malaysia traders
Royal segregates all client funds and is regulated by top-tier authorities.
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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
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Royal Latest News & Updates 2026
Royal expands TradingView integration
Royal has enhanced its TradingView integration, adding bracket orders and advanced order management tools.
Royal maintains top-tier regulatory status
Royal continues to hold its regulatory licenses, ensuring client fund protection for Malaysia traders.
New instruments added for Malaysia traders
Royal has added new trading instruments including additional forex pairs and commodity CFDs.
Final Verdict — Is Royal Worth It for Malaysia Traders?
3.9/5
★★★★★
Royal is a reliable broker with a long track record, low costs, and good platform options, making it a solid choice for experienced Malaysia traders who prioritize tight spreads and fast execution. However, the lack of an Islamic account and SC Malaysia regulation are significant drawbacks for Muslim traders and those seeking local protection. If you are a non-Muslim trader or willing to trade without swap-free benefits, Royal can be a good option, especially with the convenience of FPX deposits. For beginners or those requiring Sharia-compliant accounts, we recommend exploring other brokers. Overall, Royal earns a score of 3.9/5 for Malaysia traders.
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FAQ — Royal for Malaysia Traders
Is Royal safe for Malaysia traders?+
How can I deposit money in Royal from Malaysia?+
Does Royal have Islamic account?+
What is the minimum deposit for Royal in Malaysia?+
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.
