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Royal Overview for Philippines
Founded in 2009 and headquartered in Australia, Royal has grown into a global forex and CFD broker serving retail traders in over 100 countries, including the Philippines. The broker is regulated by both ASIC (Australia) and FSA (Saint Vincent and the Grenadines), offering a balance of credibility and flexibility. For Philippines traders, Royal is particularly appealing because it requires zero minimum deposit, provides leverage up to 500:1, and supports local payment methods such as Bank Transfer (via local banks like BDO, BPI, and Metrobank), Skrill, and USDT. The broker focuses on retail forex trading and offers a wide range of currency pairs, commodities, indices, and cryptocurrencies. While it does not have a physical office in the Philippines, its online presence and customer support in English make it accessible. Royal is best suited for Filipino traders who are comfortable with offshore regulation and prioritize low entry barriers, high leverage, and flexible funding options.
| 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 Philippines?
Segregated Client Funds
Yes
Negative Balance Protection
Yes
Safety verdict for Philippines 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 Philippines 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 — Philippines 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)
Philippines 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 — Philippines Muslim Traders
Royal does not offer an Islamic (swap-free) account. This is a significant limitation for Muslim traders in the Philippines who require Sharia-compliant trading accounts that do not charge or pay overnight interest (swap). Without a swap-free account, Muslim traders would incur interest charges on positions held overnight, which is not permissible under Islamic finance principles. If you are a Muslim trader in the Philippines, consider alternative brokers that explicitly provide genuine swap-free accounts with no hidden fees, such as Exness or XM. Royal's customer support can confirm that no Islamic account option is currently available.
| 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 Philippines
| 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 Philippines traders
Gold (XAU/USD), EUR/USD, and major stock indices are the most popular instruments among Philippines traders.
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Education & Research Tools
Video Tutorials & Courses
3.5
Webinars (Live & Recorded)
3.0
Tip for Philippines 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 — Philippines Review
Support verdict for Philippines
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 Philippines Traders Make with Royal
- Mistake: Assuming Royal is regulated by Philippines authorities. Always verify licenses on ASIC and FSA websites before depositing.
- Mistake: Using Bank Transfer for small deposits. Fees may eat into your capital; use Skrill or USDT for instant, low-cost transfers.
- Mistake: Ignoring the lack of Islamic account if you are a Muslim trader. Seek a broker that explicitly offers swap-free accounts to comply with Sharia law.
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Royal vs Competitors in Philippines
| 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 Philippines 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 Philippines traders.
New instruments added for Philippines traders
Royal has added new trading instruments including additional forex pairs and commodity CFDs.
Final Verdict — Is Royal Worth It for Philippines Traders?
3.9/5
★★★★★
Royal is a solid broker for Philippines traders who want to start trading forex with no minimum deposit and enjoy high leverage. The availability of local payment methods like Bank Transfer, Skrill, and USDT makes funding convenient. However, the lack of a local regulatory license and the absence of an Islamic account are notable drawbacks. Royal is best suited for experienced retail traders who are comfortable with offshore regulation and do not require Sharia-compliant accounts. Beginners should use the demo account first to assess the platform. Overall, Royal earns a score of 3.9/5 for Philippines traders — a good option, but not the best for everyone. Consider your priorities: if safety and local regulation are paramount, look for a BSP-licensed broker; if low entry and flexible funding matter most, Royal is a viable choice.
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FAQ — Royal for Philippines Traders
Is Royal safe for Philippines traders?+
How can I deposit money in Royal from Philippines?+
Does Royal have Islamic account?+
What is the minimum deposit for Royal in Philippines?+
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.
