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Royal Overview for Singapore
Royal is an Australian-based forex and CFD broker founded in 2009, with a strong presence in Asia. For Singapore traders, Royal offers a low barrier to entry with a $0 minimum deposit and support for local payment methods like PayNow. The broker is regulated by ASIC (Australia) and FSA, providing a layer of security for international clients. While it lacks a direct MAS license, its long track record and transparent operations make it a viable option for traders who prioritise low costs and reliable execution. Royal offers over 50 forex pairs, indices, commodities, and crypto CFDs, all accessible via MetaTrader 4 and 5. Its zero-minimum deposit policy is particularly attractive for Singapore traders looking to start small. However, sophisticated traders may miss the absence of cTrader, copy trading, and Islamic accounts. Overall, Royal is a decent choice for cost-conscious traders in Singapore who value simplicity and low spreads.
| 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 Singapore?
Segregated Client Funds
Yes
Negative Balance Protection
Yes
Safety verdict for Singapore 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 Singapore 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 — Singapore 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)
Singapore 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 — Singapore Muslim Traders
Royal does not offer an Islamic (swap-free) account. This means that Muslim traders in Singapore who require Sharia-compliant trading will need to look elsewhere. Swap-free accounts typically eliminate overnight interest charges, which is a requirement for Islamic finance. Royal’s decision not to offer this account type may be due to regulatory or operational reasons. For Singapore Muslim traders, we recommend checking brokers like XM or IC Markets that offer genuine swap-free accounts with no hidden fees. Royal’s lack of Islamic account is a clear disadvantage for this segment.
| 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 Singapore
| 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 Singapore traders
Gold (XAU/USD), EUR/USD, and major stock indices are the most popular instruments among Singapore traders.
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Education & Research Tools
Video Tutorials & Courses
3.5
Webinars (Live & Recorded)
3.0
Tip for Singapore 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 — Singapore Review
Support verdict for Singapore
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 Singapore Traders Make with Royal
- Mistake: Assuming Royal is regulated by MAS – it is not. Always verify the ASIC license.
- Mistake: Using the standard account for high-volume trading – the ECN account offers lower spreads.
- Mistake: Ignoring currency conversion fees – deposits in SGD may be converted to USD, so check the rates.
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Royal vs Competitors in Singapore
| 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 Singapore 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 Singapore traders.
New instruments added for Singapore traders
Royal has added new trading instruments including additional forex pairs and commodity CFDs.
Final Verdict — Is Royal Worth It for Singapore Traders?
3.9/5
★★★★★
Royal is a reliable broker for Singapore traders who want low costs and flexible funding. The zero minimum deposit and PayNow support make it very accessible. The ASIC regulation provides a solid safety net, though the absence of a MAS license may worry some. The broker excels in offering tight spreads and fast execution via MT4/MT5. However, the lack of Islamic accounts, copy trading, and advanced platforms limits its appeal. Royal is best suited for cost-conscious traders, scalpers, and those who prefer MetaTrader platforms. If you are a Muslim trader or require local MAS regulation, you may want to consider alternatives. Overall, Royal earns a 3.9/5 rating for Singapore traders.
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FAQ — Royal for Singapore Traders
Is Royal safe for Singapore traders?+
How can I deposit money in Royal from Singapore?+
Does Royal have Islamic account?+
What is the minimum deposit for Royal in Singapore?+
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.
