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Royal Tungsten Spreads, leverage, minimum deposit Revealed

WikiFX | 2022-12-28 18:33

Abstract:Royal Tungsten is a forex broker registered in Australia, providing access to a massive financial market, such as Forex, Commodities, Indices, Metals, Energies, CFD Stocks, ETF, and more. With the Royal Tungsten platform, three trading accounts are available, with the lowest required opening deposit being just $1, and traders can employ a maximum leverage of 1:500 on their positions. However, when it comes to regulatory information, Royal Tungsten disappoints us as it is not authorized or regulated by any regulatory authority. Thats why WikiFX gives it a relatively low score of 1.11/10.

Basic Information
Registered Countries Australia
Regulation No License
Company Name Royal Tungsten Limited
Minimum Deposit N/A
Maximum Leverage 1:500
Minimum Spread From 0.0 pips
Trading Platform MT5
Trading Assets Forex, Commodities, Indices, Metals, Energies, CFD Stocks, ETF, Cryptocurrencies, Bonds
Payment Methods N/A
Customer Support Email Phone, Online Chat Support

  General Information

  Royal Tungsten is a forex broker registered in Australia, providing access to a massive financial market, such as Forex, Commodities, Indices, Metals, Energies, CFD Stocks, ETF, and more. With the Royal Tungsten platform, three trading accounts are available, with the lowest required opening deposit being just $1, and traders can employ a maximum leverage of 1:500 on their positions.

  However, when it comes to regulatory information, Royal Tungsten disappoints us as it is not authorized or regulated by any regulatory authority. Thats why WikiFX gives it a relatively low score of 1.11/10.

wikifx

  Market Instruments

  Royal Tungsten provide access to a wide selection of trading assets, including Forex, Commodities, Indices, Metals, Energies, CFD Stocks, ETF, Cryptocurrencies, Bonds, all available through this brokerage platform.

  Spreads & Commissions

  Royal Tungsten says it offers spreads from 0.0 pips, with low commissions charged.

  Leverage

  Royal Tungsten does not elaborate the minimum leverage. Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.

  Trading Platform

  The MT5 trading platform, widely regarded as the best in the business, is available through Royal Tungsten, which can be accessed on Windows, MacOS, IOS, Android.

  Payment Methods

  The minimum deposit to get started with Royal Tungsten is $100 and deposits and withdrawals can be made through several payment options, including VISA, MASTERCARD, Neteller, Skrill, Wire Transfer, USDT.

  

payment-methods

  Royal Tungsten promises that no fees or commission charged by them, and it takes only 1-3 hours to approve the withdrawal request, up to one hour to transfer the funds.

  Educational Resources

  Some educational resources are provided, including Economic Calendar, Forex News and Holiday Calendar.

  Customer Support

  Disappointingly, either phone support or online chat is provided. Clients who have any inquiries or trading-related issues can only get in touch with this broker through the following contact channels:

  Email: cs@royaltgs.com

  Company Address: 118, Russell St Melbourne, VIC 3000, Australia

  Opening Hours: Monday-Friday 8:30 am to 5:00 pm, Saturday: 9:30 am to 1:00 pm.

  Risk Warning

  Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

  The information presented in this article is intended solely for reference purposes.

  Pros & Cons

Pros Cons
MT5 trading platform No regulation
Online support available Limited trading assets
High leverage up to 1:500 No clear information on minimum deposit, deposit or withdrawal
Educational Contents No online chat support

  Frequently Asked Questions

  Is Royal Tungsten regulated?

  No, Royal Tungsten is not regulated.

  What is the maximum leverage provided by Royal Tungsten?

  The maximum trading leverage provided by Royal Tungsten is not disclosed.

  What trading instruments does Royal Tungsten provide?

  Royal Tungsten offers a wide selection of trading instruments, including Forex, Commodities, Indices, Metals, Energies, CFD Stocks, ETF, Cryptocurrencies, Bonds.

Related broker

No Regulation
Royal Tungsten
Company name:Royal Tungsten Limited
Score
1.40
Website:https://www.royaltgs.com/en
2-5 years | Suspicious Regulatory License | Suspicious biz area | Appointed Representative(AR)
Score
1.40

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